March 27 , 2023
TAX AUTHORITY INVESTIGATION AT ELBIT PLAZA INDIA MANAGEMENT SERVICES PRIVATE LIMITED
Plaza Centers N.V. ("Plaza" or the "Company") announced today that investigators on behalf of the Tax Authority of the state of India, arrived at the offices of Elbit Plaza India Management Services Private Limited (which is a private company wholly owned by Elbit Plaza India Real Estate Holdings Limited) (hereinafter: "EPM"), conducted a search and seized certain documents relating to EPM's activities/transactions in India in recent years and also collected statements from some of EPM employees/managers as well as EPM's consultants in India. In addition, EPM managers were required to provide additional data in connection with EPM's operations in India and to refrain from any disposition of EPM's assets.
EPM is fully cooperating, however at this stage it is not yet clear what the purpose of the investigation is, including whether EPM is the purpose of the investigation or whether the investigation is related to any third party. The Company will update on any development.
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For further details, please contact:
Plaza
Ron Hadassi, Executive director; 972-526-076-236
Forward-looking statement
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the London Stock Exchange, and, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange ("PLAZ").