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2015-08-24

Gazit-Globe: Gazit Globe Announces the Appointment of Adi Jemini, CPA, as Its Next Chief Financial Officer

Mr. Jemini Will Succeed Gil Kotler, Who Will be Stepping Down as the Company's CFO on March 31st 2016TEL-AVIV, Israel, Aug. 24, 2015 (GLOBE NEWSWIRE) -- Gazit-Globe (NYSE:GZT)
(TSX:GZT) (TASE:GZT), one of the world's leading multi-national real estate
companies focused on the management, acquisition, development and
redevelopment of supermarket-anchored shopping centers in major urban
markets, announced today that Mr. Adi Jemini has been appointed as the
Company's Chief Financial Officer and as a member of its Executive Committee,
effective as of April 1, 2016, following a transition process. Mr. Jemini
will succeed Mr. Gil Kotler, who is stepping down as the Company's EVP and
CFO after 18 years of service.

Mr. Jemini, 37, a Certified Public Accountant, has previously held several
senior positions within the Company. For the past three years he has served
as Chief of Staff to the Company's Chairman, Mr. Chaim Katzman. Jemini has
worked closely with the senior management teams of all of the Company's
subsidiaries. He has also been involved in the M&A activity of the Group.

Previously, Mr. Jemini served for almost three years as Regional Controller of
Equity One Inc., the Company's U.S. subsidiary. In this position, he was
responsible for the entire West Coast and South Florida regions, with direct
supervisory authority over the finance accounting of more than 60 of Equity
One's shopping centers with an aggregated value of approximately $1.7 billion
and generating an annual net operating income (NOI) in excess of $100
million.

Prior to joining Gazit-Globe, Mr. Jemini served for seven years in a US
affiliate of the global accounting firm Deloitte, in the audit and assurance
practice where his last position was that of an Audit Manager for
international companies active mainly in the real estate sector.

Mr. Jemini holds a Bachelor of Science degree in Accounting and Information
Systems from the Virginia Polytechnic Institute and State University
(Virginia Tech), graduatingsumma cum laude
in 2003. He has been a Certified Public Accountant in the U.S. since 2005.

The Company's incoming CEO, Mrs. Rachel Lavine commented
: "Adi brings a unique combination of knowledge and experience, together with
a diverse skill set that complements the Company's core businesses, including
an in-depth understanding of financial processes in global markets as well as
practical operational experience in the shopping center industry, and a
thorough knowledge and understanding of our subsidiaries. I look forward to
working together with Adi at this pivotal time in the Company's growth."

Mr. Gil Kotler will step down as the Company's Senior Executive VP and Chief
Financial Officer on 31 March 2016, after 18 years of dedicated service and
following an orderly handover of his responsibilities to Mr. Jemini.

Mrs. Lavine added:
"During his 18 years of outstanding service to the Company, Gil has played a
leading and crucial role in all of the significant milestones in the
Company's history. His excellent professional abilities, together with his
leadership qualities, have made him into one of the cornerstones of the
Company. On behalf of the Board of Directors and the entire Company, I would
like to express our profound thanks and appreciation to Gil for his many
invaluable contributions to the Group's growth in both global and local
markets and to wish him the very best of luck and every success in his future
endeavors."

Gil Kotler commented:
"It has been a privilege to play a part in the building of the Company, as
well as in its impressive growth since 1998. I would like to thank Chaim
Katzman and Dori Segal for all the professional knowledge, support and
co-operation which they have given to me over all these years, and for the
know-how and experience which I will be able to put to constructive use in my
future career. I would also like to thank all of my colleagues at Gazit-Globe
for their partnership and friendship throughout my time with the Company, and
to wish Rachel and Adi every success in their new positions."

About Gazit-Globe

Gazit-Globe is one of the largest owners, developers and operators of
predominantly supermarket-anchored shopping centers in major urban markets
around the world. 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 June 30, 2015 Gazit-Globe owns and operates 453 properties
in more than 20 countries, with a gross leasable area of approximately 6.3
million square meters and a total value of approximately US$ 20 billion.

FOR ADDITIONAL INFORMATION

Investors Contact:IR@gazitgroup.com, Media Contact:press@gazitgroup.com

Gazit-Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000

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.

CONTACT: Gazit-Globe Ltd.
1 HaShalom Rd.
Tel Aviv, Israel 67892
+972 3 694 8000

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gazit-Globe via Globenewswire

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