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Max Stock Ltd.

Major Shareholding Notification Dec 23, 2025

6906_rns_2025-12-23_02668628-4cd7-45d6-bd12-b88bc6b75e73.pdf

Major Shareholding Notification

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MAX STOCK LTD.

Company Number: 513618967

To:

Form Number: T076 (Public)

Sent via MAGNA: 23/12/2025 Reference: 2025-01-102411

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 holdings of securities of the reporting corporation only. To report changes in holdings of securities of a company held by the reporting corporation that is material to its activity, use Form T121.

1. Details of Holder

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.

דגן ניר :(Hebrew (Name Name (English): Dagan Nir ID Type: Identity Card Number

ID Number: 043376904

Holder Type: Senior officer who is not a CEO, director, or interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or its representative to the company board? _________

Is the holder acting on behalf of other shareholders, reporting as their representative? No

Controlling shareholder of the interested party: -

ID number of controlling shareholder: -

Citizenship/Place of Incorporation or Registration: Private individual with Israeli citizenship

Country of citizenship/incorporation or registration: _________

Transaction Details

Security Number: 1171263

Name and type of security: MAX STOCK AP2020 Share Warrant

Nature of change: Decrease, Other

Free text (explanation): Exercise of warrants

See note on off-exchange transactions defined in the third section of the Exchange bylaws.

Is the change one transaction or aggregated? Single transaction

Date of change: 22/12/2025 Transaction rate: 123.45 agorot

Are these dormant shares/securities convertible to dormant shares? No

Previous holding (units): 1,500

Previous % holding (of this class): 0.16%

Change in security quantity: -500 Current holding (units): 1,000

Current % holding (of this class): 0.11%

% holding after change: in capital: 0; in voting rights: 0

Explanation: Holding percentage after change does not consider convertible securities.

% holding after full dilution: in capital: 0; in voting rights: 0

Notes number: _________

2. Details of Holder

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.

דגן ניר :(Hebrew (Name Name (English): Dagan Nir ID Type: Identity Card Number

ID Number: 043376904

Holder Type: Senior officer who is not a CEO, director, or interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or its representative to the company board? _________

Is the holder acting on behalf of other shareholders, reporting as their representative? No

Controlling shareholder of the interested party: -

ID number of controlling shareholder: -

Citizenship/Place of Incorporation or Registration: Private individual with Israeli citizenship

Country of citizenship/incorporation or registration: _________

Transaction Details

Security Number: 1168558

Name and type of security: MAX STOCK Ordinary Share

Nature of change: Increase, Other

Free text (explanation): Exercise of warrants

See note on off-exchange transactions defined in the third section of the Exchange bylaws.

Is the change one transaction or aggregated? Single transaction

Date of change: 22/12/2025

Transaction rate: 2,530.74 agorot

Are these dormant shares/securities convertible to dormant shares? No

Previous holding (units): 0

Previous % holding (of this class): 0%

Change in security quantity: +475

Current holding (units): 475

Current % holding (of this class): 0%

% holding after change: in capital: 0; in voting rights: 0

Explanation: Holding percentage after change does not consider convertible securities.

% holding after full dilution: in capital: 0; in voting rights: 0

Notes number: _________

3. Details of Holder

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.

דגן ניר :(Hebrew (Name Name (English): Dagan Nir ID Type: Identity Card Number

ID Number: 043376904

Holder Type: Senior officer who is not a CEO, director, or interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or its representative to the company board? _________

Is the holder acting on behalf of other shareholders, reporting as their representative? No

Controlling shareholder of the interested party: -

ID number of controlling shareholder: -

Citizenship/Place of Incorporation or Registration: Private individual with Israeli citizenship

Country of citizenship/incorporation or registration: _________

Transaction Details

Security Number: 1168558

Name and type of security: MAX STOCK Ordinary Share

Nature of change: Decrease, Other

Free text (explanation): Due to sale on the stock exchange

See note on off-exchange transactions defined in the third section of the Exchange bylaws.

Is the change one transaction or aggregated? Single transaction

Date of change: 22/12/2025

Transaction rate: 2,530.74 agorot

Are these dormant shares/securities convertible to dormant shares? No

Previous holding (units): 475

Previous % holding (of this class): 0%

Change in security quantity: -475

Current holding (units): 0

Current % holding (of this class): 0%

% holding after change: in capital: 0; in voting rights: 0

Explanation: Holding percentage after change does not consider convertible securities.

% holding after full dilution: in capital: 0; in voting rights: 0

Notes number: _________

Note: If the value "increase due to forced purchase of lent securities" or "decrease due to forced sale of lent securities" is selected, it indicates lent securities that were not returned to the lender, thus the lending act became a forced purchase/sale.

Additional Details

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.
Was the full consideration paid on the change date? Yes
If not, specify date of payment completion:
If the change was through a loan agreement, specify details regarding the end of the loan:
Explanation: Indicate holding rates considering all securities held by the interested party.
Date and time the company first became aware of the event/issue: 22/12/2025 at 19:25
Details of actions leading to the change:
Details
of
Authorized
Signatories
on
behalf
of
the
Company
Name Position
1 Yifat Nir Katz Other: Deputy CEO, Chief Legal Counsel and Company Secretary
website: Click here. Explanation: According to regulation 5 of the regulations for periodic and immediate reports (1970), a report filed under these
regulations must be signed by those authorized to sign on behalf of the corporation. Staff position can be found on the Authority's
N/A (No additional free text).

Reference numbers of previous related documents: None

Additional Address and Contact Information

Short Name: Max Stock

Address: 16 Hashita St., P.O. Box 3594, Caesarea 3089900

Phone: 073-7695176 Fax: 04-8241792

Email: [email protected]

Company Website: www.maxstock.co.il

Previous company names: Max Management Israel Ltd.

Electronic Reporter Name: Katz Yifat

Position: Legal Advisor and Company Secretary Company Employing Reporter: (not specified)

Alternate contact: 054-4909365

The securities of the corporation are listed for trading on the Tel Aviv Stock Exchange. Form structure update date: 04/02/2025

No images were present in the supplied document.

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