On January 22, 2017 and January 23, 2017, Gazit-Globe Ltd. announced that there have been changes to the company's executive officers. As previously reported, Mr. Dor J. Segal has been appointed Chief Executive Officer, replacing Ms. Rachel Lavine, effective as of January 20, 2017 (which appointment was previously reported to be effective as of February 1, 2017). In addition, from 1998 until 2008, Mr. Segal served as Chief Executive Officer of the Company.

From 2000 until 2015, Mr. Segal served as Chief Executive Officer, President, and Vice Chairman of the Board of Directors of First Capital Realty Inc. and currently serves as Chairman of the Board of Directors of First Capital. In addition to the appointment of Mr. Segal as Chief Executive Officer of the company, Mr. Adi Jemini, the company's Chief Financial Officer since January 2016, has been appointed, effective as of January 1, 2017, Executive Vice President and Chief Financial Officer of the company. In addition, Mr. Liad Barzilai concluded his service as the company's Chief Investment Officer, effective December 20, 2016.