M.Yochananof and Sons (1988) Ltd.

Related Party Transaction • Aug 17, 2025

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.

M.YOCHANANOF AND SONS (1988) LTD

Registry Number: 511344186

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T136 (Public) Sent via MAGNA: 17/08/2025 ISA Website: www.isa.gov.il TASE Website: www.tase.co.il Reference: 2025-01-060959

Immediate Report on a Transaction with a Controlling Shareholder or Director Not Requiring General Meeting Approval

Regulation 37A(5) of the Securities Regulations (Periodic and Immediate Reports), 2006

Reference numbers of previous reports on the subject: _________, _________, _________.

• 1. This report is hereby submitted regarding the approval of a transaction in accordance with Regulation 1B1 of the Companies Regulations (Relief in Transactions with Interested Parties), 2000.
• 1. Date of approval of the transaction by the Board of Directors: 17/08/2025.
• 1. Summary of the main points of the transaction and the main reasons of the Board of Directors and Audit Committee for approving the transaction:

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 August 17, 2025, the company's Compensation Committee, in accordance with the provisions of Regulation 1B1 of the Companies Regulations (Relief in Transactions with Interested Parties), 2000, approved the renewal of the existing insurance policy for company office holders, including office holders who are controlling shareholders, for an additional year, with liability limits of up to 20 million US dollars per event and per period, in accordance with the company's compensation policy.

Reasons of the Compensation Committee for approving the engagement: a. The engagement in a directors and officers liability insurance policy is common in public companies in Israel in general and in the company in particular, and is for the benefit of the company, as it enables the office holders to properly fulfill their roles considering the risks involved and the legal responsibilities imposed on them; b. The proposed engagement is reasonable and at market terms, and is not expected to materially affect the company's profitability, assets, or liabilities; c. The premium for the policy was determined after the company's management examined market conditions, following negotiations between the company and the insurer and in consultation with the company's insurance advisors; d. The transaction is in accordance with the company's compensation policy; e. The proposed liability limit is reasonable under the circumstances, suitable for the company considering the type and scope of its activities and its office holders, and matches the liability limits of similar companies; f. The company's engagement in the liability policy for office holders and directors is carried out by the same insurer and is renewed under similar terms to those of the existing policy; g. The terms of the insurance policies for controlling shareholders are identical to those for other office holders in the company, and the terms of the transaction do not constitute a distribution as defined in the Companies Law, 1999; h. Therefore, the Compensation Committee believes that the terms of employment are reasonable and appropriate under the circumstances and for the benefit of the company, and approved the terms as stated.

Attached file: _________

1. Main points of the Government Companies Authority's opinion and the main points of the decision of the Ministerial Committee for Privatization, or details of the alternative under which the exemption was granted:

Explanation: To be filled if this is an exceptional transaction of a public company controlled by the government.

1. Attached file: _________

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.

Details of the authorized signatories on behalf of the corporation:

#	Name	Position
1	Oz Yosef	CFO
2	Hezi Sidon	Other Head of Legal Department and Company Secretary

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.

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

Short name: M.YOCHANANOF AND SONS (1988) LTD

Address: KIND (WOODIMPORT) LTD., 10, Rehovot, 7638519 Phone: 076-8175717 Fax: 08-9448179

Email: Hezi@yochananof.co.il Company website: www.yochananof.co.il

Previous names of the reporting entity:

Electronic reporter name: Hezi Sidon Position: Legal Advisor and Company Secretary Employer company name:

Address: KIND (WOODIMPORT) LTD., 10, Rehovot, 7638519 Phone: 076-8175717 Fax: 08-9448179 Email: hezi@yochananof.co.il

Form structure update date: 06/08/2024