GAV-YAM LANDS CORP. LTD

Company Number: 520001736

To: Israel Securities Authority To: TEL AVIV STOCK EXCHANGE LTD Form Number: T087 (Public) Sent via MAGNA: 07/09/2025 ISA Website: www.isa.gov.il TASE Website: www.tase.co.il Reference: 2025-01-067346

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:

Issuance of shares as a result of the exercise of employee warrants

Explanation: Briefly describe the nature of the change.

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

The Corporation's Securities Register 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
Ordinary Share 0.01 NIS par value	759019	285,000,000	Last Report: 220,422,947 Current: 220,425,178	220,381,678
Bond Series 6	7590128	0	Last Report: 477,783,643 Current: 477,783,643	477,783,643
Bond Series 8	7590151	0	Last Report: 2,789,181,910 Current: 2,789,181,910	2,789,181,910
Bond Series 9	7590219	0	Last Report: 1,336,120,224 Current: 1,336,120,224	1,336,120,224
Bond Series 10	7590284	0	Last Report: 1,400,521,000 Current: 1,400,521,000	1,400,521,000
Gav Yam Warrant 03/23	1194331	0	Last Report: 1,250,535 Current: 1,239,195	0
Gav Yam Unit 23 RSU	1194349	0	Last Report: 137,006 Current: 137,006	0
Bond Series 11	1208339	0	Last Report: 1,076,003,000 Current: 1,076,003,000	1,076,003,000

Name and Type of Security	Security Number on TASE	Issued and Paid-Up Capital	Quantity Registered in the Name of the Registration Company
Gav Yam Commercial 2	1208644	Last Report: 300,000,000 Current: 300,000,000	300,000,000
Gav Yam Commercial 3	1222090	Last Report: 700,000,000 Current: 700,000,000	700,000,000
Bond Series 12	1222587	Last Report: 150,000,000 Current: 150,000,000	150,000,000

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

2. The Corporation Announces That:

On the date: 07/09/2025
There was a change 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: Issuance of shares as a result of the exercise of employee warrants

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

Section 1

1. Name of registered holder affected by the change: Altshuler Shaham Trusts Ltd.

Type of ID number: Company number in the Israeli Companies Registrar
ID number: 513901330
Nature of the change: Exercise of warrants
Date of change: 07/09/2025
Executed via TASE clearing house: Yes
Type and name of security affected: Gav Yam Warrant 03/23
Security number on TASE: 1194331
Holder's balance in the last report: 1,250,535
Holder's balance after the change: 1,239,195
Total quantity of securities increased/decreased: 11,340
Is this a grant of rights to purchase shares: No
Total consideration for allocated securities: _________
TASE number of the share resulting from the exercise: _________
Number of shares resulting from full exercise/conversion: _________
Total additional proceeds from full exercise/conversion: _________
Period during which the security can be exercised: _________
From date: _________ To date: _________
Allocated securities will be registered for trading: _________
Allocation of 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: _________
1. Name of registered holder affected by the change: The Registration Company of the TEL AVIV STOCK EXCHANGE LTD
2. Type of ID number: Company number in the Israeli Companies Registrar
3. ID number: 515736817
4. Nature of the change: Other (Issuance of shares as a result of the exercise of employee warrants)
5. Date of change: 07/09/2025
6. Executed via TASE clearing house: Yes
7. Type and name of security affected: Gav Yam Ordinary Share 0.01 NIS par value
8. Security number on TASE: 759019
Holder's balance in the last report: 220,379,447
Holder's balance after the change: 220,381,678
Total quantity of securities increased/decreased: 2,231
Is this a grant of rights to purchase shares: No
Total consideration for allocated securities: _________
TASE number of the share resulting from the exercise: _________
Number of shares resulting from full exercise/conversion: _________
Total additional proceeds from full exercise/conversion: _________
Period during which the security can be exercised: _________
From date: _________ To date: _________
Allocated securities will be registered for trading: _________
Allocation of 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 must be detailed in a separate row for each security.
1. Date of change all changes of the same type, in the same security, made on one day, will be summarized in one row. For this purpose – changes made through the TASE clearing house must be separated from changes made directly in the company's books.
1. For a decrease, add the sign "-".
1. In all quantity fields, the quantity of securities must be entered, not NIS par value.

3. Main Shareholder Register as of the Reporting Date:

No.	Name of Registered Shareholder	Type of ID Number	ID Number	Security Number on TASE	Type and Par Value of Shares	Number of Shares	Holds Shares as Trustee
1	___	___	___	___	___	___	___

4. Attached is a file of the shareholder register in accordance with Section 130 of the Companies Law, 1999

Shares_070925_isa.pdf Alt: Shareholder register file

5. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of bondholders

Securities_070925_isa.pdf Alt: Updated securities registers file

Details of the authorized signatories on behalf of the corporation:

No.	Name of Signatory	Position
1	Mark Zak	CFO
2	Shiri Weitzman	Corporate 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

Previous reference numbers 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: Gav Yam

Address: P.O. Box 15041, Haifa 31905 Phone: 04-6644200, 04-6644222 Fax: 04-8533567

Email: [email protected] Company website: www.gav-yam.co.il

Previous names of the reporting entity: GAV-YAM LANDS CORP. LTD

Electronic reporter name: Weitzman Shiri Position: Corporate Secretary Employer company name:

Address: Andrei Sakharov 9, Haifa 31905 Phone: 052-6898200 Fax: 04-8522859 Email: [email protected]

AI Terminal

GAV-YAM Lands Corp. Ltd.

6805_rns_2025-09-07_427379db-807f-47cd-9fae-5c6ede73143a.pdf