Property & Building Corporation Ltd.

Major Shareholding Notification • Dec 15, 2025

PROPERTY AND BUILDING CORP. LTD.

Company number in Registrar: 520025438

To: Israel Securities Authority www.isa.gov.il

To: The Tel Aviv Stock Exchange Ltd www.tase.co.il

Form Number: T076 (Public)

Sent via MAGNA: 15/12/2025

Reference: 2025-01-099750

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting changes in the holdings of securities of the reporting corporation only. To report changes in the holdings of securities of a subsidiary in which the activity is material to the reporting corporation, use form T121.

Section 1

1. Name of holder: Baruch Itzhak (יצחק ברוך( 2. English name as registered: Baruch Itzhak

2. Type of ID: Identity Card Number 4. Holder's ID number: 029274693

3. Holder's type: Director/CEO

4. Hedge fund has the right to appoint a director or representative on the company's board: _________

5. Is the holder a representative for reporting shareholders holding securities together in the corporation: No

6. 1. Name of the controlling shareholder of the interested party: Not relevant
7. 1. ID number of controlling shareholder of the interested party: -
8. 1. Citizenship / country of incorporation or registration: Individual with Israeli citizenship
9. 1. Country of citizenship / incorporation or registration: _________
10. 1. Security number on the stock exchange: 1188762
11. 1. Name and type of security: PROPERTY AND BUILDING CORP. LTD 8/22
12. 1. Nature of change: Decrease
13. Other: Conversion or redemption of convertible securities
14. 1. Explanation: _________
15. 1. Was the change in a single transaction or multiple (cumulative): Single transaction
16. 1. Date of change: 14/12/2025 18. Transaction rate: 00 agorot
17. 1. Are these dormant shares or convertible securities to dormant shares: No
18. 1. Balance (number of securities) at last report: 9,354
19. Holding percentage of total securities of this type at last report: 5%
20. 1. Change in quantity of securities: -468
21. 1. Current balance (number of securities): 8,886
22. Current holding percentage of total securities of this type: 0%
23. 1. Holding percentage after change: Capital 0.00% | Voting power 0.00%
24. Explanation: The holding percentage after the change does not relate to convertible securities.
25. 1. Holding percentage after change on a fully diluted basis: Capital 0.04% | Voting power 0.04%
26. 1. Note number: 1

27. Name of holder: Baruch Itzhak

28. English name as registered: Baruch Itzhak

29. Type of ID: Identity Card Number 4. Holder's ID number: 029274693

30. Holder's type: Director/CEO

31. Hedge fund has the right to appoint a director or representative on the company's board: _________

32. 1. Is the holder a representative for reporting shareholders holding securities together in the corporation: No
33. 1. Name of the controlling shareholder of the interested party: Not relevant
34. 1. ID number of controlling shareholder of the interested party: -
35. 1. Citizenship / country of incorporation or registration: Individual with Israeli citizenship
36. 1. Country of citizenship / incorporation or registration: _________
37. 1. Security number on the stock exchange: 699017
38. 1. Name and type of security: Ordinary Share
39. 1. Nature of change: Increase, due to conversion of securities
40. 1. Explanation: _________
41. 1. Was the change in a single transaction or multiple (cumulative): Single transaction
42. 1. Date of change: 14/12/2025
43. 1. Transaction rate: 22,841.04 agorot
44. 1. Are these dormant shares or convertible securities to dormant shares: No
45. 1. Balance (number of securities) at last report: 0 (0.00%)
46. 1. Change in quantity of securities: +189
47. 1. Current balance (number of securities): 189 (0.00%)
48. 1. Holding percentage after change: Capital 0.00% | Voting power 0.00%
49. Explanation: The holding percentage after the change does not relate to convertible securities.
50. 1. Holding percentage after change on a fully diluted basis: Capital 0.04% | Voting power 0.04%
51. 1. Note number: 1

52. Note number: _________

1. Name of holder: Baruch Itzhak
2. English name as registered: Baruch Itzhak
3. Type of ID: Identity Card Number
4. Holder's ID number: 029274693
5. Holder's type: Director/CEO
6. Hedge fund has the right to appoint a director or representative on the company's board:
7. Is the holder a representative for reporting shareholders holding securities together in the corporation: No
8. Name of the controlling shareholder of the interested party: Not relevant
9. ID number of controlling shareholder of the interested party: -
10. Citizenship / country of incorporation or registration: Individual with Israeli citizenship
11. Country of citizenship / incorporation or registration:
12. Security number on the stock exchange: 699017
13. Name and type of security: Ordinary Share
14. Nature of change: Decrease, due to sale on the stock exchange
15. Explanation:
16. Was the change in a single transaction or multiple (cumulative): Single transaction
17. Date of change: 14/12/2025
18. Transaction rate: 38,264.82 agorot
19. Are these dormant shares or convertible securities to dormant shares: No
20. Balance (number of securities) at last report: 189 (0.00%)
21. Change in quantity of securities: -189
22. Current balance (number of securities): 0 (0.00%)
23. Holding percentage after change: Capital - 0.00% Voting power - 0.00%

Explanation: The holding percentage after the change does not relate to convertible securities.

1. Holding percentage after change on a fully diluted basis: Capital - 0.04% | Voting power - 0.04%

2. Name of holder: Baruch Itzhak

3. English name as registered: Baruch Itzhak

4. Type of ID: Identity Card Number 4. Holder's ID number: 029274693 5. Holder's type: Director/CEO

5. Hedge fund has the right to appoint a director or representative on the company's board: _________

6. Is the holder a representative for reporting shareholders holding securities together in the corporation: No

7. Name of the controlling shareholder of the interested party: Not relevant.

8. ID number of controlling shareholder of the interested party: 029274693

9. Citizenship / country of incorporation or registration: Individual with Israeli citizenship

10. Country of citizenship / incorporation or registration: _________

11. Security number on the stock exchange: 1200237

12. Name and type of security: 1200237

13. Nature of change: Decrease, due to conversion or redemption of convertible securities

14. Explanation: _________

15. Was the change in a single transaction or multiple (cumulative): Single transaction

16. Date of change: 14/12/2025 18. Transaction rate: 00 agorot

17. Are these dormant shares or convertible securities to dormant shares: No

18. Balance (number of securities) at last report: 2,632 (100%)

19. Change in quantity of securities: -800

20. Current balance (number of securities): 1,832 (100%)

21. Holding percentage after change: Capital - 0.00% | Voting power - 0.00%

Explanation: The holding percentage after the change does not relate to convertible securities.

1. Holding percentage after change on a fully diluted basis: Capital - 0.02% | Voting power - 0.02%

2. Note number: 1

3. Name of holder: Baruch Itzhak

4. English name as registered: Baruch Itzhak

5. Type of ID: Identity Card Number 4. Holder's ID number: 029274693

6. Holder's type: Director/CEO

7. Hedge fund has the right to appoint a director or representative on the company's board: _________

8. Is the holder a representative for reporting shareholders holding securities together in the corporation: No

9. Name of the controlling shareholder of the interested party: Not relevant.

10. ID number of controlling shareholder of the interested party: 029274693

11. Citizenship / country of incorporation or registration: Individual with Israeli citizenship

12. Country of citizenship / incorporation or registration: _________

13. Security number on the stock exchange: 699017

14. Name and type of security: Ordinary Share

15. Nature of change: Increase, due to conversion of securities

16. Explanation: _________

17. Was the change in a single transaction or multiple (cumulative): Single transaction

18. Date of change: 14/12/2025

19. Transaction rate: 10,828.04 agorot

20. Are these dormant shares or convertible securities to dormant shares: No

21. Balance (number of securities) at last report: 0 (0.00%)

22. Change in quantity of securities: +574

23. Current balance (number of securities): 574 (0.00%)

24. Holding percentage after change: Capital - 0.00% | Voting power - 0.00%

Explanation: The holding percentage after the change does not relate to convertible securities.

1. Holding percentage after change on a fully diluted basis: Capital - 0.02% | Voting power - 0.02%

2. Note number: 1

3. Name of holder: Baruch Itzhak

4. English name as registered: Baruch Itzhak

5. Type of ID: Identity Card Number 4. Holder's ID number: 029274693

6. Holder's type: Director/CEO

7. Hedge fund has the right to appoint a director or representative on the company's board: _________

8. Is the holder a representative for reporting shareholders holding securities together in the corporation: No

9. Name of the controlling shareholder of the interested party: Not relevant.

10. ID number of controlling shareholder of the interested party: 029274693

11. Citizenship / country of incorporation or registration: Individual with Israeli citizenship

12. Country of citizenship / incorporation or registration: _________

13. Security number on the stock exchange: 699017

14. Name and type of security: Ordinary Share

15. Nature of change: Decrease, due to sale on the stock exchange

16. Explanation: _________

17. Was the change in a single transaction or multiple (cumulative): Single transaction

18. Date of change: 14/12/2025

19. Transaction rate: 38,369.08 agorot

20. Are these dormant shares or convertible securities to dormant shares: No

21. Balance (number of securities) at last report: 574 (0.00%)

22. Change in quantity of securities: -574

23. Current balance (number of securities): 0.00 (0.00%)

24. Holding percentage after change: Capital - 0.00% | Voting power - 0.00%

Explanation: The holding percentage after the change does not relate to convertible securities.

1. Holding percentage after change on a fully diluted basis: Capital - 0.02% | Voting power - 0.02%

2. Note number: 1

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Note: If the value of the increase is due to a forced purchase of loaned securities or a decrease due to a forced sale of loaned securities, then the loaned securities not returned to the lender become a forced purchase and the lending becomes a forced sale.

Notes Table

No.	Note
1	The options specified in sections 1 and 4 were exercised using the net exercise mechanism. The exercise price noted in sections 2 and 5 reflects the option's exercise price, which was not actually paid due to the net exercise mechanism.

				1. Was the full consideration paid at the time of change? Yes
--	--	--	--	---------------------------------------------------------------	--	--	--	--	--	--

• If not, when will it be completed? _________
• 1. If the change is by signing a lending agreement, please specify how the lending ends: _________
• Note: Specify the holding percentages including all securities held by the interested party.
• 1. Date and time the company first learned of the event: 15/12/2025 at 12:30
• 1. Details of actions causing the change: _________

Authorized Signatories on behalf of the company:

• 1. Name: Baruch Itzhak Position: Other; CEO and CFO
• 1. Name: Oz Kfir Position: Other; Chief Legal Counsel and Corporate Secretary

Note: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. The staff's position can be found on the authority's website: Click here.

Additional Information

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Short name: PROPERTY AND BUILDING

Address: ToHA Tower, Yigal Alon 114, Tel Aviv 6744320

Phone: 03-5672777, 03-5672783

Fax: 03-5672776

Email: ADMIN@PBC.CO.IL

Company website: www.pbc.co.il

Previous names:

Electronic filer: Baruch Itzhak (Position: CEO)

Employing company:

Secondary address: Yigal Alon 114, Tel Aviv 6744320

Phone: 03-5672770

Fax:

Email: baruchi@pbc.co.il

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange.

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