Mr. Michael Zakuta reports

PLAZA RETAIL REIT ANNOUNCES DATE OF SECOND QUARTER 2023 FINANCIAL RESULTS CONFERENCE CALL

Plaza Retail REIT invites you to participate in a live conference call with senior management discussing Plaza's second quarter 2023 financial results on Friday, Aug. 4, 2023, at 10 a.m. EDT (11 a.m. ADT).

Plaza's financial statements and management discussion and analysis for the quarter ended June 30, 2023, will be released prior to the call and will be made available on Plaza's website in the investor relations section and on SEDAR.

To join the conference call without operator assistance, you may register and enter your phone number on-line to receive an instant automated callback.

You can also dial direct to be entered to the call by an operator. In this case, please dial in five to 10 minutes prior to the scheduled start of the call to ensure your participation. The dial-in numbers are as follows.

Local Toronto:  1-416-764-8659

Local Halifax:  1-902-704-0254

Toll free within North America:  1-888-664-6392

If you cannot participate in the live mode, a replay will be available until Aug. 11, 2023. To access the replay, please dial 1-416-764-8677 (local Toronto) or 1-888-390-0541 (toll-free, within North America) and enter passcode 259361 followed by the number sign. The audio replay will also be available for download on Plaza's website for 90 days following the conference call.

About Plaza Retail REIT

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at March 31, 2023, includes interests in 246 properties totalling approximately 8.8 million square feet across Canada as well as additional lands held for development. Plaza's portfolio largely consists of open-air centres and stand-alone small-box retail outlets and is predominantly occupied by national tenants, with a focus on the essential needs, value and convenience market segments.