Gazit-Globe Withdraws Marketed Offering of Convertible Unsecured Subordinated Debentures Due to Market Conditions

TEL-AVIV, ISRAEL--(Marketwired - Dec. 15, 2016) -

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Gazit-Globe Ltd. (NYSE:GZT)(TSX:GZT)(TASE:GZT) ("Gazit-Globe"), one of the leading global owners, developers and operators of supermarket anchored shopping centres in major urban markets, announced today that due to current market conditions Gazit-Globe will not be proceeding with its previously announced offering of convertible unsecured subordinated debentures at this time. The convertible unsecured subordinated debentures were to be listed on the Toronto Stock Exchange.

FORWARD LOOKING STATEMENTS

This release may contain forward-looking statements within the meaning of applicable securities laws. In the United States, these statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of known and unknown risks and uncertainties, many of which are outside our control, that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks detailed in our public filings with the SEC and the Canadian Securities Administrators. Except as required by applicable law, we undertake no obligation to update any forward-looking or other statements herein, whether as a result of new information, future events or otherwise.

About Gazit-Globe Ltd.

Gazit-Globe is one of the leading global owners, developers and operators of supermarket anchored shopping centres in major urban markets. Gazit-Globe is listed on the New York Stock Exchange (NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel. As of September 30, 2016, Gazit-Globe, through its private and public subsidiaries, owns and operates 427 properties in more than 20 countries, with a gross leasable area of approximately 70 million square feet.