Paz Oil Company Ltd.

Share Issue/Capital Change • Aug 4, 2025

PAZ RETAIL AND ENERGY LTD.

Registry Number: 510216054

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T087 (Public) Sent via MAGNA: 04/08/2025 ISA Email: www.isa.gov.il TASE Email: www.tase.co.il Reference: 2025-01-057731

Capital Status, Grant of Rights to Purchase Shares, and the Registers of the Corporation's Securities and Changes Therein

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 warrants (unlisted)

Explanation: Please briefly describe the nature of the change.

Reference Numbers of Previous Reports on the Subject:

_________, _________, _________.

1. The Corporation's Securities Register After the Change:

Name and Type of Security	Security Number on TASE	Quantity in Registered Capital	Issued and Paid-Up Capital	Quantity Registered in the Name of the Registration Company
Ordinary Shares	1100007	30,000,000	Last Report: 13,823,258	11,648,984
			Current: 13,823,984
Debenture Series 6	1139542	241,060,695.86	Last Report: 241,060,695.86	241,060,695.86
			Current: 241,060,695.86
Debenture Series 7	1142595	958,109,351.81	Last Report: 958,109,351.81	958,109,351.81
			Current: 958,109,351.81
Debenture Series 8	1162817	1,464,615,000	Last Report: 1,464,615,000	1,464,615,000
			Current: 1,464,615,000
Debenture Series 9	1205947	199,506,000	Last Report: 199,506,000	199,506,000
			Current: 199,506,000
Commercial Papers (Series 1)	1211168	300,000,000	Last Report: 300,000,000	300,000,000
			Current: 300,000,000
Warrants (unlisted)	1175157	0	Last Report: 408,745	0
			Current: 407,609

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

2. The Corporation Announces That:

From date: 01/07/2025 To date: 31/07/2025

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

Description of the nature of the change:

Exercise of 1,136 warrants (unlisted) (according to the 2021 employee plan) into 726 ordinary shares of the company during the stated period.

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

Section 1

1. Registered Holder for Whom the Change Occurred:

2. Name: I.B.I. Trust Management Ltd.

3. Type of ID Number: Number in the Israeli Companies Register
4. ID Number: 515020428
5. Nature of the Change: Other Exercise of employee options according to the dates mentioned above
6. Date of Change: 31/07/2025
7. Executed via TASE Clearing House: No
8. Type and Name of Security Changed: Paz Oil AP Warrants (unlisted)
9. Security Number on TASE: 1175157
10. Holder's Balance in Last Report: 408,745
11. Holder's Balance After Change: 407,609
12. Total Quantity of Securities Increased/Decreased: 1,136
13. Is this a grant of rights to purchase shares: No
14. Total consideration for allocated securities: _________
15. TASE number of the share resulting from exercise: _________
16. Number of shares resulting from full exercise/conversion: _________
17. Total additional consideration from full exercise/conversion: _________
18. Period during which the security can be exercised: _________
19. From: _________ To: _________
20. Allocated securities will be registered for trading: _________
21. Allocation of these securities is a continuation of: _________ published on _________, reference number _________
22. The security has been fully paid and the consideration has been fully received.
23. The security has been fully paid, but the consideration has not been fully received.
24. Issued for ATM program
25. Other: _________

2. Registered Holder for Whom the Change Occurred:

• Name: The Registration Company of the Tel Aviv Stock Exchange Ltd.
• Type of ID Number: Number in the Israeli Companies Register
• ID Number: 515736817
• Nature of the Change: Other Exercise of employee options during the dates mentioned above
• Date of Change: 31/07/2025
• Executed via TASE Clearing House: Yes
• Type and Name of Security Changed: Ordinary shares of NIS 5 par value each
• Security Number on TASE: 1100007
• Holder's Balance in Last Report: 11,648,258
• Holder's Balance After Change: 11,648,984
• Total Quantity of Securities Increased/Decreased: 726
• Is this a grant of rights to purchase shares: No
• Total consideration for allocated securities: _________
• TASE number of the share resulting from exercise: _________
• Number of shares resulting from full exercise/conversion: _________
• Total additional consideration from full exercise/conversion: _________
• Period during which the security can be exercised: _________
• From: _________ To: _________
• Allocated securities will be registered for trading: _________
• Allocation of these securities is a continuation of: _________ published on _________, reference number _________
• The security has been fully paid and the consideration has been fully received.
• The security has been fully paid, but the consideration has not been fully received.
• Issued for ATM program
• Other: _________

Explanations:

• 1. If the change affects more than one security, the effect of the change should be detailed in a separate row for each security.
• 1. Date of change all changes of the same type, in the same security, performed on the same day, should be summarized in one row. For this purpose – changes performed via the TASE clearing house should be separated from those performed directly in the company's books.
• 1. For a decrease, add the sign "-".
• 1. All quantity fields should state the number of securities, not NIS par value.

Only a Change in the Register of Holders (No Change in Quantity)

Description of the nature of the change:_________

Explanation: Please describe all details of the transaction or action that caused the change in the register.

Section 2

• Name of registered holder for whom the change occurred: _________
• Type of ID Number: _________
• ID Number: _________
• Date of Change: _________
• Executed via TASE Clearing House: _________
• Type and Name of Security Changed: _________
• Security Number on TASE: _________
• Quantity of Change: _________
• Holder's Balance After Change: _________

3. Main Shareholder Register as of the Reporting Date:

No.	Name of Registered Shareholder	Type of ID Number	ID Number	Security Number on TASE	Type and Par Value of Shares	Number of Shares	Holds Shares as Trustee
1	Ada'ad Trust Company Ltd.	Number in the Israeli Companies Register	511169781	1100007	Ordinary shares of NIS 5 par value	2,175,000	Yes
2	The Registration Company of the Tel Aviv Stock Exchange Ltd.	Number in the Israeli Companies Register	515736817	1100007	Ordinary shares of NIS 5 par value	11,648,984	No

4. Attached is a file of the shareholder register in accordance with Section 130 of the Companies Law, 1999

[paz_shareholder_register_040825_isa.pdf]

alt: Shareholder register file attached as per Section 130 of the Companies Law, 1999

5. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of debenture holders

[paz_securities_register_040825_isa.pdf]

alt: Updated securities registers file attached, including registers of warrants and debentures

Authorized Signatories for the Corporation:

No.	Name	Position
1	Anat Rothschild	– Other Deputy CEO, Chief Legal Counsel, and Corporate Secretary
2	Reut Lev Eldar	– Other Attorney

Explanation: 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. Staff position on the matter can be found on the Authority's website: Click here.

Previous document reference numbers on the subject (the mention does not constitute incorporation by reference):

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

Short Name: PAZ RETAIL AND ENERGY LTD.

Address: Greenwork, Building D, Kibbutz Yakum, 6097200 Phone: 09-8631103, 09-8631121 Fax: 09-8631320 Email: anatr@paz.co.il Company Website: https://www.paz.co.il/he-IL/home

Previous names of the reporting entity: PAZ Oil Company Ltd.

Electronic Reporter Name: Reut Lev Eldar Position: Attorney/Legal Advisor Employer Company Name:

Address: Euro-Park, Holland Building 4, Kibbutz Yakum, 60972 Phone: 09-8631103 Fax: 09-8631320 Email: reutl@paz.co.il

Form structure update date: 06/08/2024