Carasso Motors Ltd.

Major Shareholding Notification • Aug 27, 2025

CARASSO MOTORS LTD

CARASSO MOTORS LTD

Registration Number: 514065283

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T078 (Public) Sent via MAGNA: 27/08/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01-064038

Immediate Report on a Person Becoming an Interested Party in the Corporation

Regulation 33(e)-(f) of the Securities Regulations (Periodic and Immediate Reports), 1970

1. Holder Details:

• First Name: _________
• First Name in English as appears in passport: _________
• Last Name/Corporation Name: MORE PROVIDENT FUNDS AND PENSION LTD
• Last Name/Corporation Name in English: MORE PROVIDENT FUNDS AND PENSION LTD
• Type of Identification Number: Number in the Israeli Companies Registrar
• The holder is a corporation
• Identification Number: 514956465
• Citizenship/Country of Incorporation or Registration: Incorporated in Israel
• Country of Citizenship/Incorporation or Registration: _________
• Address: 2 Ben Gurion Road, Ramat Gan 5257334
• Is the holder a representative for reporting purposes for several shareholders holding together securities of the corporation: No
• Name of controlling shareholder in the interested party: See section 5 below.
• Identification number of the controlling shareholder in the interested party: 513834606

2. Details of the Action by which the Holder Became an Interested Party in the Corporation:

• Nature of the action: Increase due to purchase outside the stock exchange
• Explanation: _________
• Name and type of security subject to the action: CARASSO MOTORS LTD, ordinary share
• Security number on the stock exchange: 1123850
• Date of action: 25/08/2025
• Quantity of securities subject to the action: 3,793,192
• Price at which the action was performed: 4,075 agorot _________
• Are they dormant shares or securities convertible to dormant shares: No
• Was the entire consideration paid at the time of the change: Yes
• If not all consideration was paid at the time of the change, please specify the date of completion of payment: _________

3. A. Holdings of the Interested Party after the Action:

Name, Type, and Series of Security	Security Number on TASE	Quantity of Securities	Dormant*	Holding Percentage	% Equity	% Voting	Holding Percentage (Full Dilution)	% Equity	% Voting
CARASSO MOTORS LTD (Ordinary Share)	1123850	7,452,244	No	7.89	7.89	7.38	7.38
Bonds (Series 1)	1136464	4,101,080.85	No	0	0	0	0
Bonds (Series 3)	1141829	70,732,095.92	No	0	0	0	0
Bonds (Series 4)	1173566	55,181,368.52	No	0	0	0	0
Bonds (Series 5)	1202779	13,603,400.49	No	0	0	0	0
Bonds (Series 6)	1226224	15,400,000	No	0	0	0	0

B. The holder is a member of an institutional reporting group.

Below is a breakdown of holdings:

Holder	Name, Type, and Series of Security	Security Number	Quantity of Securities	Dormant
Provident funds and companies managing provident funds	CARASSO MOTORS LTD (Ordinary Share)	1123850	7,452,244	No
Provident funds and companies managing provident funds	Bonds (Series 1)	1136464	3,635,103.02	No
Nostro account	Bonds (Series 1)	1136464	465,977.83	No
Provident funds and companies managing provident funds	Bonds (Series 3)	1141829	70,632,095.92	No
Nostro account	Bonds (Series 3)	1141829	100,000	No
Provident funds and companies managing provident funds	Bonds (Series 4)	1173566	55,059,440.83	No
Nostro account	Bonds (Series 4)	1173566	121,927.69	No
Provident funds and companies managing provident funds	Bonds (Series 5)	1202779	13,603,400.49	No
Provident funds and companies managing provident funds	Bonds (Series 6)	1226224	15,000,000	No
Nostro account	Bonds (Series 6)	1226224	400,000	No

Explanations:

• 1. If the interested party holds more than one type of security, the holding percentages should be indicated considering all securities held by him only in one row.
• 1. It is also required to report holdings of other securities, including those not listed for trading.
• 1. If the interested party is a subsidiary, the holdings should be split between shares acquired before the Companies Law, 1999 came into effect, and those acquired after.
• 1. When the holder is not a member of an institutional reporting group, only section 3A should be completed. When the holder is a member, both 3A and 3B should be completed.
• 1. If the interested party is a corporation wholly owned (100%) by a single controlling shareholder, the field "Holder Name" should state the name of the sole controlling shareholder, and the details of the corporation(s) through which the shares are held, along with any other relevant details, should be provided in the notes at the bottom of the form. Conversely, if the interested party is a corporation held by more than one controlling shareholder or by several interested parties, the field "Holder Name" should state the name of the holding corporation, and the details of the controlling shareholders or interested parties holding the corporation should be provided in the notes at the bottom of the form.
• 1. Reporting about a person with a significant means of control in a banking corporation without a control core should be reported in report T121.
• Please indicate whether these are dormant shares or securities convertible to dormant shares.

4. The interested party does not hold shares or other securities in a held company, if its activity is material to the activity of the reporting corporation.

1. Additional Details:

As reported to the company, MORE PROVIDENT FUNDS AND PENSION LTD (C.R. 514956465) ("MORE PROVIDENT FUNDS AND PENSION LTD") is a company controlled by Y.D. MORE INVESTMENTS LTD ("Y.D. MORE INVESTMENTS LTD"), which holds about 66.36% of the issued and paid-up share capital of MORE PROVIDENT FUNDS AND PENSION LTD. In addition, Mr. Binyamin Meirov and Mr. Yosef Meirov, controlling shareholders in Y.D. MORE INVESTMENTS LTD, also hold shares in MORE PROVIDENT FUNDS AND PENSION LTD. Y.D. MORE INVESTMENTS LTD is a public company under the joint control of Mr. Eli Levy (ID 039038260); Yosef Levy (ID 055311187); Binyamin Meirov (ID 051376754); Yosef Meirov (ID 052364395); Michael Meirov (ID 031720915); Dotan Meirov (ID 037560158)**, who together hold about 50.17% of the issued and paid-up share capital of Y.D. MORE INVESTMENTS LTD. [] Eli Levy holds Y.D. MORE INVESTMENTS LTD through a company wholly owned by him (100%), Aldot Ltd. (C.R. 515616761); [**] Yosef Meirov holds Y.D. MORE INVESTMENTS LTD directly, as well as through B.Y.M Investments Ltd. (C.R. 515566750) ("B.Y.M"), which is held by Yosef Meirov (50%), Dotan Meirov (25%), and Michael Meirov (25%). Michael Meirov and Dotan Meirov (sons of Binyamin Meirov, one of the controlling shareholders in Y.D. MORE INVESTMENTS LTD) hold Y.D. MORE INVESTMENTS LTD only through B.Y.M. To the best of the company's knowledge, MORE PROVIDENT FUNDS AND PENSION LTD (Nostro), the Nostro account of MORE PROVIDENT FUNDS AND PENSION LTD, is managed by More Investment House Portfolio Management Ltd. (C.R. 513819771), a company wholly owned by Y.D. MORE INVESTMENTS LTD, according to an investment policy determined by MORE PROVIDENT FUNDS AND PENSION LTD.

6. The date and time the corporation first became aware of the event or matter:

25/08/2025 at 14:41

Details of the authorized signatories on behalf of the corporation:

#	Name	Position
1	Dror Shila	CFO
2	Adv. 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. The staff's 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 Form structure update date: 04/02/2025 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