The directors of Plaza Centers N.V. announced that, following its Annual General Meeting held on 8 July 2014, appointed Mr. Ron Hadassi as executive director. Mr. Hadassi is currently the Chairman of Elbit Imaging Limited. In addition, Mr. Hadassi is a senior manager of Bronfman-Fisher Group.

Mr. Hadassi also currently holds directorships in the Bronfman-Fisher Group and in Nanette Real Estate Group N.V. Mr. David Dekel was appointed as non-executive director. David is currently a non-executive director at Nanette Real Estate Group N.V. Mr. Dekel currently also holds directorships in Endeavour Enterprises N.V., Endeavour Holding B.V., Endeavour Investments SRL, Gilat Satellite Networks (Holland) B.V., Gilat to Home Latin America (Holland) B.V. and Circuitronix B.V. Mr. Shlomi Kelsi was appointed as non-executive director. Shlomi is currently the managing director of all holding subsidiaries of Ampal- American Israel Corporation. Mr. Kelsi also serves as a director of Elbit Imaging Limited, Bay-Heart Limited, KBS Consulting and Investments Ltd. and Tooleap Mobile Limited.

Mr. Yoav Kfir was appointed as non- executive director. Yoav serves as the founder and managing director of the VAR Group. Mr. Kfir is also currently a director of Elbit Imaging Limited, Elbit Medical Technologies Ltd. and Orkit Communications Ltd. Mr. Nadav Livni was appointed as non-executive director.

Nadav is the founder and a director of The Hillview Group. The Board appointments will take place with immediate effect.