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DIV - Dividend of 67.52042 agorot per share, record date 28.9.25, payment date 28.10.25

Company: Shufersal Ltd. Date: 2025-08-28 Language: English Register to download
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# Immediate Report on Cash Dividend Distribution for Securities

Regulation 37(a) of the Securities Regulations (Periodic and Immediate Reports), 1970

#### To:

- Israel Securities Authority [\(www.isa.gov.il](http://#))
- Tel Aviv Stock Exchange Ltd [\(www.tase.co.il\)](http://#)

Form Number: T081 (Public)

Proof Number: 2025-01-064652

Broadcast on MAGNA: 28/08/2025

Broadcast Time: 08:11 (08:04:14)

# SHUFERSAL LTD.

Registration Number: 520022732

### 1. We hereby report that on the date 27/08/2025, it was decided to pay a dividend.

### 2. The record date (ex-date): 28/09/2025

Payment date: 28/10/2025

### 3. Payment Details:

- Dividend distributed by an Israeli resident company (for the composition of the dividend sources and tax rates, see section 7a)
- Dividend distributed by a Real Estate Investment Trust (for the composition of the dividend sources and tax rates, see section 7c)

| Eligible<br>Security<br>Number | Security<br>Name  | Dividend<br>Amount<br>per<br>Security | Dividend<br>Amount<br>Currency | Payment<br>Currency | Representative<br>Rate for<br>Payment Date | Individual<br>Tax % | Company<br>Tax % |
|--------------------------------|-------------------|---------------------------------------|--------------------------------|---------------------|--------------------------------------------|---------------------|------------------|
| 777037                         | Ordinary<br>Share | 0.6752042                             | NIS                            | NIS                 |                                            | 25                  | 0                |

Dividend distributed by a foreign resident company (tax rates see section 7b)

Note: The dividend amount to be paid must be specified with up to 7 decimal places when the dividend amount currency is NIS, and up to 5 decimal places if the dividend amount currency is another currency.

The dividend amount per share specified in this report is based on the total dividend (NIS 180million) divided by the issued shares of the company (excluding dormant shares) as of this report date.

### 4. The total amount of the dividend to be paid is: 180,000,000 NIS

### 5. The remaining distributable profits of the corporation as defined in section 302 of the Companies Law, 1999, after the distribution subject to this report, amount to: 1,865,000,000 NIS

### 6. Dividend Distribution Approval Process:

Board of Directors' decision on 27 August 2025. For details regarding the examination conducted by the Board of Directors in connection with the decision to distribute the dividend, see section 10 below.

The above distribution is not subject to court approval according to section 303 of the Companies Law.

The final dividend amount per share is subject to changes due to:

It is possible to update the final dividend amount per share up to 2 trading days before the record date.

### 7. The withholding tax rates detailed below are for the purpose of withholding tax by the members of the stock exchange.

7a. Composition of the sources of the dividend distributed by an Israeli resident company from shares and financial instruments, excluding REIT funds.

|                                                                                       | %<br>of<br>Dividend | Individuals | Companies | Foreign<br>Residents |
|---------------------------------------------------------------------------------------|---------------------|-------------|-----------|----------------------|
| Income<br>subject<br>to<br>corporate<br>tax<br>(1)                                    | 100                 | 25%         | 0%        | 25%                  |
| Income<br>from<br>abroad<br>(2)                                                       | 0                   | 25%         | 23%       | 25%                  |
| Approved/Preferred<br>Enterprise<br>Income<br>(3)                                     | 0                   | 15%         | 15%       | 15%                  |
| Preferred<br>Enterprise<br>Ireland<br>up<br>to<br>2013<br>(4)                         | 0                   | 15%         | 15%       | 4%                   |
| Preferred<br>Enterprise<br>Ireland<br>from<br>2014<br>(5)                             | 0                   | 20%         | 20%       | 4%                   |
| Preferred<br>Income                                                                   | 0                   | 20%         | 0%        | 20%                  |
| Approved<br>Tourism/Agricultural<br>Enterprise<br>Income<br>(6)                       | 0                   | 20%         | 20%       | 20%                  |
| Approved/Preferred<br>Enterprise<br>that<br>submitted<br>a<br>waiver<br>notice<br>(7) | 0                   | 15%         | 0%        | 15%                  |
| Distribution<br>classified<br>as<br>capital<br>gain                                   | 0                   | 25%         | 23%       | 0%                   |
| Distribution<br>by<br>Participating<br>Unit                                           | 0                   | 0           | 0         | 0                    |
| Other                                                                                 | 0                   | 0           | 0         | 0                    |

Explanation:

- 1. Income subject to corporate tax income from profit distribution or dividend originating from income produced or accrued in Israel, received directly or indirectly from another entity subject to corporate tax.
- 2. Income from abroad is income produced or accrued abroad and not taxed in Israel.
- 3. Including income from a preferred tourism enterprise with a selection/operation year up to 2013.
- 4. Preferred Enterprise Ireland with a selection year up to 2013.
- 5. Preferred Enterprise Ireland with a selection year from 2014 onwards.
- 6. Including income from a preferred tourism enterprise with a selection/operation year from 2014 onwards.
- 7. Approved or preferred enterprise that submitted a waiver notice by 30.6.2015, after corporate tax was deducted.

#### 7b. Dividend distributed by a foreign resident company

|                                                         | Individuals | Companies | Foreign<br>Residents |
|---------------------------------------------------------|-------------|-----------|----------------------|
| Dividend<br>from<br>a<br>foreign<br>resident<br>company | 25%         | 23%       | 0%                   |

#### 7c. Dividend distributed by a Real Estate Investment Trust (REIT)

|                                                                                 | %<br>of<br>Dividend | Individuals<br>(1) | Companies | Foreign<br>Resident<br>Companies | Exempt<br>Trust<br>Fund | Pension<br>Fund<br>(2) |
|---------------------------------------------------------------------------------|---------------------|--------------------|-----------|----------------------------------|-------------------------|------------------------|
| From<br>land<br>appreciation,<br>capital<br>gain,<br>and<br>depreciation<br>(3) |                     | 25%                | 23%       | 23%                              | 0%                      | 0%                     |
| Other<br>taxable<br>income<br>(e.g.,<br>rent)                                   |                     | 47%                | 23%       | 23%                              | 23%                     | 0%                     |
| From<br>income<br>generating<br>real<br>estate<br>for<br>rental<br>housing      |                     | 20%                | 20%       | 20%                              | 0%                      | 0%                     |
| Income<br>taxed<br>by<br>the<br>fund<br>(4)                                     |                     | 25%                | 0%        | 25%                              | 0%                      | 0%                     |
| Exceptional<br>income                                                           |                     | 70%                | 70%       | 70%                              | 60%                     | 70%                    |
| Other                                                                           |                     |                    |           |                                  |                         |                        |
| Weighted<br>withholding<br>tax<br>rate                                          | 100%                |                    |           |                                  |                         |                        |

#### Explanation:

- 1. Individuals including income of a taxable trust fund, individual foreign residents.
- 2. Pension fund for pension, provident, or compensation as defined in the Income Tax Ordinance, as well as a foreign pension fund resident in a reciprocating country.
- 3. From land appreciation or capital gain, except from the sale of real estate held for a short period, and from income in the amount of depreciation expenses.
- 4. Distribution from income taxed by the fund according to section 64A4(e).

### 8. Number of the corporation's dormant securities not entitled to dividend payment and for which a waiver letter must be provided to receive the dividend payment: 8,864,801

### 9. Effect of the dividend distribution on convertible securities:

- The company has no convertible securities
- The dividend distribution has no effect on the convertible securities
- The effect of the dividend distribution on the convertible securities is as follows:

| Security<br>Name  | Security<br>Number | Remarks                                                                                                       |
|-------------------|--------------------|---------------------------------------------------------------------------------------------------------------|
| Warrants<br>10/22 | 1191030            | The<br>exercise<br>price<br>will<br>be<br>reduced<br>by<br>the<br>gross<br>dividend<br>amount<br>per<br>share |

### 10. Recommendations and decisions of the directors regarding the dividend distribution according to Regulation 37(a)(1) of the Securities Regulations (Periodic and Immediate Reports), 1970:

The company's Board of Directors examined the company's compliance with the profit test and the solvency test as set out in section 302(a) of the Companies Law, 1999, and following this examination, approved the company's compliance with these tests regarding the said dividend distribution. Regarding the profit test, the Board of Directors approved the said dividend distribution based on the distributable balance of the company as of 30 June 2025, which exceeds the dividend amount. The distributable profit balance of the company, before the distribution, according to section 302 of the Companies Law, is approximately NIS 2.045 billion. Regarding the solvency test, the Board of Directors considered, among other things, the following: data on the company's financial position, including data on the company's liquid balances, the company's debt balance, the company's expected future cash flows; the distribution of the company's debt payments, additional financing sources available to the company, including secured credit lines, raising funds in the capital market, and realization of assets. Following the examination of the above matters, the Board of Directors approved that the company meets the solvency test regarding the said dividend distribution.

## Details of the authorized signatories on behalf of the corporation:

| # | Name                      | Position             |
|---|---------------------------|----------------------|
| 1 | Gil<br>Weiss              | CFO                  |
| 2 | Hila<br>Cohen<br>Weisberg | Company<br>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](http://#) here

### Regarding Section 3:

The distributable profit balance after the dividend distribution subject to this report, rounded to the nearest million.

### Regarding Section 7a:

The tax rates to be withheld from the dividend payment are as follows: Israeli resident individuals - 25%, unless a different rate approval is provided in advance by the Tax Authority; and 30% for controlling shareholders. Companies in Israel - 0%. Foreign residents individuals - 25%; companies - 23%, unless a different rate exists in a double taxation treaty, which is specific to the residence of the dividend recipient.

#### Previous names of the reporting entity: SHUFERSAL LTD.

Electronic reporter name: Hila Cohen Weisberg Position: Company Secretary Employer company name:

Address: Shmotkin 30, Rishon LeZion, 7536333 Phone: 052-3251001 Fax: 03-9480917 Email: [hilac@shufersal.co.il](http://#)

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

#### Short name: SHUFERSAL

Address: Shmotkin Binyamin 30, Rishon LeZion, 7536333 Phone: 03-9481727, 03-9481515 Fax: 03-9480917 Email: [hilac@shufersal.co.il](http://#) Company website: [www.shufersal.co.il](http://#)

#### Form structure update date: 15/07/2025