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 Israel Securities Authority Website: www.isa.gov.il Tel Aviv Stock Exchange Website: www.tase.co.il Reference: 2025-01-064040

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: Y.D. MORE INVESTMENTS LTD
• Last Name/Corporation Name in English: Y.D. More Investments Ltd.
• Type of Identification Number: Company Registrar Number in Israel
• The holder is a corporation
• Identification Number: 513834606
• 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 acting as a representative for the purpose of reporting on several shareholders holding together securities of the corporation: Yes
• Name of controlling shareholder in the interested party: See section 5 below
• Identification number of the controlling shareholder in the interested party: See below

2. Details of the Action as a Result of Which the Holder Became an Interested Party in the Corporation:

• A. Nature of the action: Increase due to purchase outside the stock exchange
• B. Name and type of security subject to the action: CARASSO MOTORS LTD, ordinary share
• C. Security number on the stock exchange: 1123850
• D. Date of action: 25/08/2025
• E. Quantity of securities subject to the action: 147,239
• F. Price at which the action was performed: 4,075 agorot _________
• G. Are they dormant shares or securities convertible into dormant shares: No
• H. Was the entire consideration paid at the time of the change: Yes
• If not all the consideration was paid at the time of the change, please specify the date of completion of the 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	846,507	No	0.90	0.90	0.84	0.84
Bonds (Series 1)	1136464	113,425.73	No	0	0	0	0
Bonds (Series 3)	1141829	20,381,870.15	No	0	0	0	0
Bonds (Series 4)	1173566	13,624,548.77	No	0	0	0	0
Bonds (Series 5)	1202779	534,726.14	No	0	0	0	0
Bonds (Series 6)	1226224	18,460,000	No	0	0	0	0

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

Below is a breakdown of its holdings:

Holder	Name, Type, and Series of Security	Security Number on TASE	Quantity of Securities	Dormant
Companies managing mutual funds	CARASSO MOTORS LTD (Ordinary Share)	1123850	846,507	No
Companies managing mutual funds	Bonds (Series 1)	1136464	113,425.73	No
Companies managing mutual funds	Bonds (Series 3)	1141829	20,381,870.15	No
Companies managing mutual funds	Bonds (Series 4)	1173566	13,624,548.77	No
Companies managing mutual funds	Bonds (Series 5)	1202779	534,726.14	No
Companies managing mutual funds	Bonds (Series 6)	1226224	18,460,000	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 necessary to report the holding of other securities, including other securities not listed for trading.
• 1. In the case where the interested party is a subsidiary, the holdings should be split between shares acquired before the entry into force of the Companies Law, 1999, and shares acquired after its entry into force.
• 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 of an institutional reporting group, both sections 3A and 3B should be completed.
• 1. If the interested party is a corporation wholly owned (100%) by a single controlling shareholder, the name of the single controlling shareholder should be indicated in the "holder name" field, 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 held by several interested parties, the name of the holding corporation should be indicated in the "holder name" field, and the details of the controlling shareholders or interested parties holding the holding corporation should be provided in the notes at the bottom of the form.
• 1. Reporting regarding a material means of control holder in a banking corporation without a control core should be reported in report T121.
• Please indicate whether these are dormant shares or securities convertible into 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.

5. Additional Details:

MORE MUTUAL FUNDS MANAGMENT (2013) LTD (Company No. 514884485), is wholly owned (100%) by Y.D. MORE INVESTMENTS LTD ("MORE INVESTMENTS"). MORE INVESTMENTS is a public company jointly controlled by 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 approximately 50.17% of the issued and paid-up share capital of MORE INVESTMENTS. [] Eli Levy holds MORE INVESTMENTS through a company wholly owned by him (100%), Eldot Ltd. (Company No. 515616761); [**] Yosef Meirov holds MORE INVESTMENTS directly, as well as through B.Y.M Investments Ltd. (Company No. 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 MORE INVESTMENTS) hold MORE INVESTMENTS only through B.Y.M.

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 shall 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