Carasso Motors Ltd.

Share Issue/Capital Change • Aug 21, 2025

CARASSO MOTORS LTD

CARASSO MOTORS LTD

Registration number: 514065283

To: Israel Securities Authority To: TEL AVIV STOCK EXCHANGE LTD Form Number: T087 (Public) Sent via MAGNA: 21/08/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01-062480

Capital Structure, Grant of Rights to Purchase Shares, and 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 (Series 7 for ordinary shares of the company)

Explanation: Please briefly describe the nature of the change.

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

1. The corporation's securities 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
CARASSO MOTORS LTD, Ordinary Share	1123850	150,000,000	Last Report: 92,132,300 Current: 92,134,937	92,134,937
CARASSO MOTORS LTD Debenture A, Corporate Bond	1136464	___	Last Report: 135,585,923 Current: 135,585,923	135,585,923
CARASSO MOTORS LTD Debenture C, Corporate Bond	1141829	___	Last Report: 1,081,994,219 Current: 1,081,994,219	1,081,994,219
CARASSO MOTORS LTD Debenture D, Corporate Bond	1173566	___	Last Report: 705,591,823 Current: 705,591,823	705,591,823
CARASSO MOTORS LTD Debenture E, Corporate Bond	1202779	___	Last Report: 204,922,416 Current: 204,922,416	204,922,416
CARASSO MOTORS LTD Debenture F, Corporate Bond	1226224	___	Last Report: 495,089,000 Current: 495,089,000	495,089,000
CARASSO MOTORS LTD Warrant 02/21B, Warrant for Share	1172766	___	Last Report: 2,037,786 Current: 2,037,786	0
CARASSO MOTORS LTD Warrant 03/22D,	1185156	___	Last Report: 42,350 Current: 42,350	0

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
Warrant for Share
CARASSO MOTORS LTD Warrant 06/22E, Warrant for Share	1187921	___	Last Report: 1,500,000 Current: 1,500,000	0
CARASSO MOTORS LTD Warrant 08/22F, Warrant for Share	1188861	___	Last Report: 300,000 Current: 300,000	0
CARASSO MOTORS LTD Warrant 07/23G, Warrant for Share	1198530	___	Last Report: 241,200 Current: 237,200	0
Commercial Papers (Series 1)	1209188	___	Last Report: 250,000,000 Current: 250,000,000	250,000,000
CARASSO MOTORS LTD Warrant 07/24H, Warrant for Share (Employees)	1210491	___	Last Report: 3,613,000 Current: 3,613,000	0
CARASSO MOTORS LTD Warrant 07/24H, Warrant for Share (Others)	1210509	___	Last Report: 1,548,000 Current: 1,548,000	0

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

2. The corporation announces that:

On the date: 21/08/2025

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 4,000 warrants (Series 7) by an employee of the company for a total of 2,637 ordinary shares of the company through a cashless exercise mechanism.

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

Details of the registered holders for whom the change occurred:

• 1. Name of registered holder: I.B.I. Trust Management Ltd.
  2. Type of identification number: Number in the Israeli Companies Registrar
  3. Identification number: 515020428
  4. Nature of the change: Exercise of options
  5. Date of change: 21/08/2025
  6. Executed via TASE clearing house: No
  7. Type and name of security: CARASSO MOTORS LTD Warrant 07/23G, Warrant for Share
  8. Security number on TASE: 1198530
  9. Holder's balance in the last report: 241,200
  10. Holder's balance after the change: 237,200
  11. Total quantity of securities increased/decreased: 4,000
  12. Is this a grant of rights to purchase shares: No
  13. Total consideration for allocated securities: _________
  14. Security number of the share resulting from the exercise: _________
  15. Number of shares resulting from full exercise/conversion: _________
  16. Total additional consideration from full exercise/conversion: _________
  17. Period in which the security can be exercised: _________
  18. From date: _________ to date: _________
  19. Allocated securities will be registered for trading: _________
  20. The allocation of the said securities is a continuation of: _________ published on: _________, reference number: _________
  21. The security has been fully paid and the consideration has been fully received.
  22. The security has been fully paid, but the consideration has not been fully received.
  23. Issued for ATM program
  24. Other: _________

2. Name of registered holder: Registration Company of the TEL AVIV STOCK EXCHANGE LTD

• Type of identification number: Number in the Israeli Companies Registrar
• Identification number: 515736817
• Nature of the change: Exercise of options
• Date of change: 21/08/2025
• Executed via TASE clearing house: Yes
• Type and name of security: CARASSO MOTORS LTD, Ordinary Share
• Security number on TASE: 1123850

• Holder's balance in the last report: 92,132,300

• Holder's balance after the change: 92,134,937

• Total quantity of securities increased/decreased: 2,637
• Is this a grant of rights to purchase shares: No
• Total consideration for allocated securities: _________
• Security number of the share resulting from the exercise: _________
• Number of shares resulting from full exercise/conversion: _________
• Total additional consideration from full exercise/conversion: _________
• Period in which the security can be exercised: _________
• From date: _________ to date: _________
• Allocated securities will be registered for trading: _________
• The allocation of the said 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, will be summarized in one row. For this purpose – changes performed through the TASE clearing house should be separated from changes performed directly in the company's books.
• 1. For a decrease, add the sign "-".
• 1. All quantity fields must be filled with the number of securities and not NIS par value.

3. Main register of shareholders as of the reporting date:

No.	Name of Registered Shareholder	Type of ID Number	ID Number	Security Number on TASE	Type of Shares and Par Value	Number of Shares	Holds Shares as Trustee
1	Registration Company of the TEL AVIV STOCK EXCHANGE LTD	Number in the Israeli Companies Registrar	515736817	1123850	0.001 NIS par value	92,134,937	No

• 1. Attached is a file of the register of shareholders in accordance with Section 130 of the Companies Law, 1999.
• 1. Attached is an updated file of the registers of the corporation's securities, including the register of warrant holders and the register of bond holders.

[2025-08-21_Exercise_of_Warrants_Series_7_isa.pdf]

Details of the authorized signatories on behalf of the corporation:

No.	Name of Signatory	Position
1	Dror Shila	CFO
2	Nir Farber	Other Legal Advisor 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.

Previous reference numbers of documents on the subject (the mention does not constitute inclusion by reference):

Securities of the corporation are listed for trading on the TEL AVIV STOCK EXCHANGE LTD

Form structure update date: 06/08/2024

Short name: CARASSO MOTORS LTD

Address: Logistics Center, Park Re'em, P.O. Box 90, Bnei Ayish, 60860 Phone: 08-8631111, 08- 8631550 Fax: 08-8631556

Email: nirfa@carasso.co.il Company website: www.renault.co.il / www.nissan.co.il

Previous names of the reporting entity:

Electronic reporter name: Dror Shila Position: CFO Employer company name:

Address: Logistics Center, Park Re'em, P.O. Box 90, Bnei Ayish, 6086000 Phone: 08-8631111 Fax: 08-8631872 Email: drorsh@carasso.co.il