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2015-08-25

Gazit-Globe: Gazit-Globe Completes a NIS 730 Million (US$ 190 Million) Offering of Unsecured Debentures

TEL-AVIV, Israel, Aug. 25, 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 it has completed a public offering of its
existing Series L debentures in Israel. The total gross proceeds from the
offering were approximately NIS 730 million (approximately US$ 190 million).

The debentures were offered at a price of NIS 1.013 for NIS 1.00 par value,
representing an annual yield to maturity of 3.93%. The debentures bear a
coupon rate of 4.0% per annum, Israeli-CPI adjusted. Repayment of the
principal will begin in June 2023 with a final maturity date in June 2027,
resulting in an average maturity of 10.4 years. The debentures have a
domestic credit rating of ilAA- with a stable outlook from S&P Maalot and a
domestic credit rating of Aa3 with a stable outlook from Midroog (Moody's
domestic subsidiary).

The Company intends to use the proceeds from the offering to refinance
existing debt and for general corporate purposes.

The underwriters syndicate was led by Leader Capital Markets and Clal Finance
Underwriting and included Barak Capital Underwriting, Excellence
Underwriting, Apex Issuances, Leumi Partners, Poalim IBI, Discount Capital
Markets&Investments, Inbar Underwriting and Value Base.

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: For additional information:
Gil Kotler,
Senior Executive VP and CFO

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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