Mr. Michael Zakuta reports

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

Plaza Retail REIT has invited you to participate in a live conference call with senior management discussing Plaza's third quarter 2023 financial results on Friday, Nov. 10, 2023, at 11 a.m. Eastern Standard Time (12 p.m. Atlantic Standard Time).

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

To join the conference call without operator assistance, you may register and enter your phone number 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 the following.

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 Nov. 17, 2023. To listen to the replay, please dial 1-416-764-8677 (local Toronto) or 1-888-390-0541 (toll-free, within North America) and enter passcode 030879 followed by the number sign. The audio replay will also be available for download on Plaza Retail's website for 90 days following the conference call.

About Plaza Retail REIT

Plaza Retail 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 Retail's portfolio at June 30, 2023, includes interests in 234 properties totalling approximately 8.8 million square feet across Canada and additional lands held for development. Plaza Retail'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.