Carasso Motors Ltd.

Share Issue/Capital Change • Jul 30, 2025

CARASSO MOTORS LTD ("the Company")

July 30, 2025

To:

Israel Securities Authority Via MAGNA TEL AVIV STOCK EXCHANGE LTD Via MAYA

www.isa.gov.il www.tase.co.il

Subject:

Results of the offering according to the Company's shelf offering report pursuant to the shelf prospectus dated May 28, 2024, with a date of May 29, 2024 ("the Shelf Prospectus")

The Company is pleased to announce the following:

1. In the shelf offering report published on July 29, 2025 (hereinafter: "the Shelf Offering Report"), up to 572,210,000 debentures (Series 6, registered, each with a par value of NIS 1 (hereinafter: "the Debentures (Series 6)") were offered to the public.

2. On July 30, 2025, a tender was held in connection with the Debentures (Series 6), the results of which are detailed below:

3. The Debentures (Series 6) were offered to the public in 572,210 units (hereinafter: "the Units"), by way of a tender on the interest rate to be borne by the Debentures (Series 6) (hereinafter: "the Tender"), with the composition and price of each unit as follows:

NIS 1,000 par value Debentures	At a price equal to 100% of their	NIS
(Series 6)	nominal value	1,000

Total price per unit	NIS
	1,000

The maximum interest rate to be set in the Tender shall not exceed 5.04%

1. Of the Debentures (Series 6) offered to the public, with respect to 494,983 units (constituting approximately 86.5% of the units offered to the public according to the Shelf Offering Report), an early commitment to purchase was given by classified investors whose names were detailed in the Shelf Offering Report.

2. In the tender held on July 30, 2025, 64 requests were received (including 61 orders from classified investors as mentioned above) to purchase 494,983 units, for a total consideration of approximately NIS 495.10 million.

3. The annual interest rate of the Debentures (Series 6) set in the Tender is 5.04% (hereinafter: "the Uniform Interest Rate"). Accordingly, the semi-annual interest rate is 2.52%; the first interest rate is 2.49929%; the first interest payment will be made on January 28, 2026.

4. The response to the requests and the determination of the Uniform Interest Rate were made in accordance with Section 1.4 in Appendix B to the Shelf Offering Report, as follows:

Park Re'em, P.O. Box 90, Bnei Ayish, 60860 Tel: 08-8631111 Fax: 08-8631872

Alt: CARASSO MOTORS LTD Logo

1. 57 orders from classified investors to purchase 465,793 units quoting an interest rate lower than the Uniform Interest Rate – were fully accepted.

2. 3 orders from the public to purchase 106 units, quoting an interest rate lower than the Uniform Interest Rate – were fully accepted.

3. 4 orders from classified investors to purchase 29,190 units quoting the Uniform Interest Rate – were fully accepted.

4. No orders from the public quoting the Uniform Interest Rate were received.

The total orders received in the Tender are 495,089 units, reflecting NIS 495,089,000 par value Debentures (Series 6) (hereinafter: "the Orders Accepted in the Tender").

1. Following the allocation as mentioned in Section 7 above, the minimum dispersion and public holdings value in the Debentures (Series 6) required by the Stock Exchange guidelines are met.

2. The gross proceeds for the allocation of the Debentures (Series 6) offered to the public according to the Offering Report is NIS 495,089 thousand.

Respectfully,

CARASSO MOTORS LTD

Signatories' Names	Position
Dror Shilo	Chief Financial Officer
Adv. Nir Farber	General Counsel and Company Secretary

Park Re'em, P.O. Box 90, Bnei Ayish, 60860 Tel: 08-8631111 Fax: 08-8631872