SHAPIR ENGINEERING AND INDUSTRY LTD

Registry Number: 514892801

To:

Israel Securities Authority
Tel Aviv Stock Exchange Ltd.
Form Number: T087 (Public)
Filed via Magna: 25/12/2025
Israel Securities Authority website: www.isa.gov.il

TASE website: www.tase.co.il Reference: 2025-01-103387

Share Capital, Grant of Rights to Acquire Shares and Securities Registers of the Corporation and Their Changes

Regulation 31e of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

		Nature of the change:
--	--	-----------------------

Exercise of non-traded warrants

Explanation: Briefly describe the nature of the change.

Reference numbers of previous reports on this matter: ___, ___, ___.

1. The corporation's securities after the change:

Name and Type of Security	Security Number	Quantity in Registered Capital	Issued and Paid-in Capital	Quantity Recorded in the Name of Nominee Company
Ordinary Share	1133875	900,000,000	Last Report: 357,762,736 Current: 357,824,831	357,824,831
BONDS (Series 2)	1141951	0	Last Report: 358,601,917 Current: 358,601,917	358,601,917
BONDS (Series 3)	1178417 0 1226331 0 1133883 0		Last Report: 956,917,711 Current: 956,917,711	956,917,711
BONDS (Series 4)			Last Report: 400,000,000 Current: 400,000,000	400,000,000
Non-traded Warrants 12/14			Last Report: 410,444 Current: 392,111	0
Non-traded 1171891 0 Warrants 01/21			Last Report: 16,372,386 Current: 16,176,581	0

Explanation: All of the company's securities must be specified, including securities not listed for trading.

2. The corporation reports that:

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.

On the date: 25/12/2025

A change occurred in the quantity and registry of holders of the corporation's securities (including rights to acquire shares) as a result of:

Exercise of employee warrants according to Warrant Plan 12/14 and Warrant Plan 01/21

Explanation: Please describe all details of the transaction or action that caused the change in the corporation's securities.

Section 1 – Holders affected by the change

Registered Holder: The TASE Clearing House Company Ltd.

Type of ID: Registered company number in Israel

ID Number: 515736817

Nature of the change: Exercise of warrants
Date of the change: 25/12/2025
Carried out through the TASE clearinghouse: Yes
Type and name of security: Ordinary shares
Security Number: 1133875
Balance of holder in last report: 357,762,736
Balance of holder after change: 357,824,831
Total quantity by which securities decreased/increased: 62,095
Grant of rights to acquire shares: No
Total consideration for issued securities: ___
Stock number of the share resulting from the warrant: ___
Quantity of shares upon full exercise/conversion: ___
Total additional consideration from full exercise: ___
Period during which securities can be exercised: ___
From date: ___ Until date: ___
Securities allocated will be registered for trading: ___
Allocation of said securities is subsequent to: ___ published on: ___ reference number: ___
Security fully paid and consideration fully received
Security fully paid, consideration not fully received
Issued for ATM program
Other: ___

2. Registered Holder: IBI Equity Compensation and Trusts (2004) Ltd. Type of ID: Registered company number in Israel ID Number: 513540070
Section 2.1 (01/21 Warrants):
Nature of the change: Exercise of warrants
Date of the change: 25/12/2025
Carried out through the TASE clearinghouse: Yes
Type and name of security: Non-traded Warrants 01/21
Security Number: 1171891
Balance of holder in last report: 16,372,386
Balance of holder after change: 16,176,581
Total quantity by which securities decreased/increased: 195,805
Grant of rights to acquire shares: No
Total consideration for issued securities:
Stock number of the share resulting from the warrant:
Quantity of shares upon full exercise/conversion:
Total additional consideration from full exercise:
Period during which securities can be exercised:
From date: Until date:
Securities allocated will be registered for trading:
Allocation of said securities is subsequent to: published on: reference number:
Security fully paid and consideration fully received
Security fully paid, consideration not fully received

Section 2.2 (12/14 Warrants):

Other: ___

Issued for ATM program

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.
Nature of the change: Exercise of warrants
Date of the change: 25/12/2025
Carried out through the TASE clearinghouse: Yes
Type and name of security: Non-traded Warrants 12/14
Security Number: 1133883
Balance of holder in last report: 410,444
Balance of holder after change: 392,111
Total quantity by which securities decreased/increased: 18,333
Grant of rights to acquire shares: No
Total consideration for issued securities:
Stock number of the share resulting from the warrant:
Quantity of shares upon full exercise/conversion:
Total additional consideration from full exercise:

Explanations:

Other: ___

1. If the change affects more than one security, specify the impact of the change in a separate line for each security.
1. Date of change all changes of the same type, in the same security, performed on one day, should be summed in one line. For this purpose – you must separate between changes performed through the TASE clearing house and changes performed directly in the company's books.
1. A decrease should be marked with the sign "-".

Period during which securities can be exercised: ___

Securities allocated will be registered for trading: ___

Security fully paid and consideration fully received

Security fully paid, consideration not fully received

From date: ___ Until date: ___

Issued for ATM program

All quantity fields should indicate the quantity of securities, not their NIS par value.

Allocation of said securities is subsequent to: ___ published on: ___ reference number: ___

3. Main points of the shareholders register as of the reporting date are as follows:

No.	Registered	Type of	ID	Security	Type and Par	Number of	Holding as
	Shareholder	ID	Number	Number	Value of Shares	Shares	Trustee
1

4. Attached is a file of the shareholders register in accordance with section 130 of the Companies Law, 1999:

Shareholder\_Registry\_isa.pdf
alt: Shareholder registry as of the date in accordance with the law

5. Attached is an updated file of the registers of the corporation's securities, including the warrant holders registry and bonds holders registry:

Registry\of\_holders\-\_Copy\_isa.pdf
alt: Updated registers of warrant holders and bonds holders

Details of authorized signatories for the corporation:

No.	Name	Role
1	Amir Shaked, Adv.	Chief Legal Counsel and Company Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted according to these regulations must be signed by the authorized signatories of the corporation. Staff position on the matter can be found on the Authority's website: Click here

Previous names of reporting entity: Shapir Holdings Bareket Ltd.

Electronic signatory name: Shaked Amir

Position: Legal Counsel & Company Secretary

Employing company name: Shapir Civil and Marine Engineering Ltd.

Contact Details:

Address: Bareket 12, Petach Tikva 49170 Phone: 03-9169500 (alt: 03-9169555)

Fax: 03-9169600

Email: [email protected]

Company website: www.shapir.co.il

The corporation's securities are registered for trading on the Tel Aviv Stock Exchange.

Short name: Shapir Engineering Form update date: 06/08/2024

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Shapir Engineering

7044_rns_2025-12-25_05c183d5-83ae-45e5-a0fd-22e881bcc23c.pdf