Rather than quoting the standard directly, this can be reasoned out from how site plans are actually scaled to paper. A 500 sqm plot is a mid-sized urban plot, typically drawn at a scale like 1:100 or 1:200, and the sheet must be large enough to hold the plot outline plus dimension lines, north sign, and title block.
Balancing plot size against standard drawing scales, A2 is the smallest sheet that still comfortably fits a 500 sqm site plan with all its required annotation.
Therefore, the correct answer is A2.