PLAZA CENTERS N.V. - AMENDMENTS TO THE PROPOSED RIGHTS ISSUE TIMETABLE

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 31 / 2014

Date of issue: 2014-11-21

Short name of the issuer

PLAZA CENTERS N.V.

Subject

AMENDMENTS TO THE PROPOSED RIGHTS ISSUE TIMETABLE

Official market - legal basis

Inne uregulowania

Unofficial market - legal basis

Contents of the report:

21 November 2014 NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE. THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF THE INFORMATION IN THE PROSPECTUS Plaza Centers N.V. AMENDMENTS TO THE PROPOSED RIGHTS ISSUE TIMETABLE The directors of Plaza Centers N.V. (“Plaza" or the “Company"), a leading emerging markets property developer, announces the following changes to the expected timetable of principal events relating to the Company's proposed Rights Offering: (i) there is an amendment to the Ex-Rights date in Poland and the latest time and date for trading the Rights on the WSE; and (ii) there is an amendment to the date for the allotment of the Additional Placing Shares (if any), Escrow Shares and New Ordinary Shares. All other dates remain as previously published. The expected timetable of principal events set out in this announcement supersedes the information set out in the Prospectus. The Company notes that the times and dates in this announcement may be subject to further amendment and the Company will announce any changes that may occur to the expected timetable as appropriate. REVISED EXPECTED TIMETABLE OF PRINCIPAL EVENTS Each of the times and dates in the table below is indicative only and may be subject to change. Please read the notes to this timetable set out below: Restructuring Plan confirmed by the Amsterdam District Court, Amsterdam 9 July 2014 Latest time and date for receipt of Forms of Proxy 09:30 a.m. on 26 November 2014 Latest time and date for receipt of Forms of Direction 09:30 a.m. on 25 November 2014 Record Date for entitlement under the Rights Offering for Qualifying Shareholders 25 November 2014 Extraordinary General Meeting 09:30 a.m. on 28 November 2014 Allotment of Rights Entitlement as soon as practicable after close of extraordinary general meeting Admission and dealings in Rights commence on the London Stock Exchange and Warsaw Stock Exchange 8:00 a.m. on 1 December 2014 Ex-Rights date in Poland Ex Rights Date outside of Poland Rights enabled by CREST 24 November 2014 1 December 2014 as soon as practicable after 8:00 a.m. on 1 December 2014 Rights credited to stock accounts in CREST (of Qualifying CREST Shareholders) as soon as practicable after 8:00 a.m. on 1 December 2014 Latest time and date for trading of the Rights on the WSE Latest time and date for acceptance and payment in full of Rights by Qualifying Shareholders taking up Rights in Poland 10 December 2014 The latest time and date for acceptance and payment in full of Rights by Qualifying Shareholders taking up Rights in Poland will be earlier than for Qualifying Shareholders taking up the Rights outside of Poland due to involvement of several intermediaries between such investors in Poland and CREST. Investors taking up Rights in Poland should consult their brokers to find out the exact latest time and date for acceptance and payment in full of Rights Latest time and date for acceptance and payment in full of Rights by Qualifying Shareholders taking up Rights other than in Poland or in Excluded Territories 11:00 a.m. on 18 December 2014 Rights disabled in CREST 11:00 a.m. on 18 December 2014 Announcement of results of the Rights Offering by 8:00 a.m. on 19 December 2014 Allotment of New Ordinary Shares, Escrow Shares, Bondholders' Shares and Additional Placing Shares (if any) 8:00 a.m. on 19 December 2014 Admission and dealings in New Ordinary Shares, Escrow Shares, Bondholders' Shares and Additional Placing Shares (if any) commence on the London Stock Exchange and the Warsaw Stock Exchange by 8:00 a.m. on 23 December 2014 New Ordinary Shares, Escrow Shares, Bondholders' Shares and Additional Placing Shares (if any) credited to CREST stock accounts as soon as practicable after 8:00 a.m. on 23 December 2014 Capitalised terms used in this announcement have the meanings given to them in the Prospectus. For further details, please contact: Plaza Ran Shtarkman, President and CEO [phone] Roy Linden, CFO [phone] SPARK Advisory Partners Limited Mark Brady, Partner [phone] Neil Baldwin, Partner [phone] FTI Consulting Stephanie Highett / Dido Laurimore / Claire Turvey [phone]

Annexes

File Description

Plaza_Bonds_Revised Timetable Announcement-21 Nov 2014-Final.pdf

PLAZA CENTERS N.V.

(fullname of the issuer)

PLAZA CENTERS N.V. Budownictwo (bud)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

1016EA Amsterdam

(post code) (city)

Keizergracht 241

(street) (number)

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2014-11-21 Ran Shtarkman President and CEO