Turpaz Industries Ltd.

Capital/Financing Update • Jul 10, 2025

This is an English translation of a Hebrew immediate report that was published on July 10, 2025 (reference no.: 2025-01-050854) (hereafter: the "Hebrew Version"). This English version is only for convenience purposes. This is not an official translation and has no binding force. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

Turpaz Industries Ltd. (the "Company")

Company number: 514574524 Address: 10 Hashita Street, Caesarea Tel: 5560913-03; Fax: 5560915-03

To: To: Reported Via Magna Reported Via Magna

Israel Securities Authority ("ISA") Tel Aviv Stock Exchange Ltd. ("TASE")

July 10, 2025

Re: Obtaining a Material Loan from a Banking Corporation

The Company hereby announces that on July 9, 2025, a wholly owned subsidiary of the Company (the "Subsidiary") obtained a loan from a banking corporation (the "Banking Corporation"), for a total amount of EUR 28 million (approximately USD 32.8 million) (the "Loan Amount"), which will be used to finance the acquisition of Attractive Scent (for further details on the acquisition, see the immediate report dated July 2, 2025, reference number: 2025- 01-047693), as follows:

• 1. Repayment Schedule (Principal and Interest). The Loan Amount will be provided for a term of five (5) years, bearing interest at the EURIBOR1 rate plus a margin ranging between 1.5% and 1.75%. The Loan Amount shall be repaid in equal quarterly installments, together with the interest payable on a quarterly basis, commencing 12 months after the Loan Amount disbursement date.
• 1. Financial Covenants. The Subsidiary has undertaken that the Group will comply with a net debt coverage ratio and an equity-to-balance sheet ratio, in accordance with the terms existing in the Company's current financing agreements. For details regarding the financial covenants and their rates as of the latest financial statements, see Section 6 of the Board of Directors' report attached to the financial statements as of March 31, 2025 (as published on May 21, 2025, reference number: 2025-01-035425).
• 1. Securities. The Subsidiary has undertaken towards the Banking Corporation not to create any charge over its assets, except in cases and under conditions detailed in a negative pledge document.

¹ As of July 8, 2025, the 3-month EURIBOR interest rate was 1.948%.

1. Costs. The Company and the Subsidiary have no additional costs related to the loan, except for the interest detailed in Section 1 above.

Sincerely,

Turpaz Industries Ltd.

Signed by: Karen Cohen Khazon, Chairperson of the Board and CEO