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PLAZACNTR (PLZ): NOTIFICATION OF MAJOR INTEREST IN SHARES

UNI - EN REPORT No3/2014

Plaza Centers N.V. ("Plaza" or the "Company"), announces that it has received notification that Davidson Kempner Capital Management LLC, now holds 16,478,999 shares in the Company, representing approximately 5.54% of the entire issued share capital of the Company.

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For further details please contact:

Plaza

Ran Shtarkman, President and CEO

Roy Linden, CFO

+36 1 462 7221

+36 1 462 7222

FTI Consulting

Stephanie Highett/Nina Legge

+44 20 7831 3113

About Plaza Centers

Plaza Centers N.V. (www.plazacenters.com) is a leading emerging markets developer of shopping and entertainment centres with operations in Central and Eastern Europe and India. It focuses on constructing new centres and, where there is significant redevelopment potential, redeveloping existing centres in both capital cities and important regional centres. The Company is dual listed on the Main Board of the London Stock Exchange and, as of 19 October 2007, the Warsaw Stock Exchange (LSE:”PLAZ”, WSE: “PLZ/PLAZACNTR”). Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. (“EI”), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and the NASDAQ Global Market in the United States. It has been active in real estate development in emerging markets for over 17 years.

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