Paz Oil Company Ltd.

Share Issue/Capital Change • Sep 8, 2025

PAZ RETAIL AND ENERGY LTD

PAZ RETAIL AND ENERGY LTD

Registration Number: 510216054

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T087 (Public) Transmitted via MAGNA: 08/09/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01- 067655

Capital Structure, Grant of Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

Regulation 31E of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 31(a) of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 31(b1) of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change:

Full redemption of commercial papers (Series 1)

Explanation: Please briefly describe the nature of the change.

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

1. The Corporation's Securities Position 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 Shares	1100007	30,000,000	Last Report: 13,824,913	11,649,913
			Current: 13,824,913
Debenture Series 6	1139542	241,060,695.86	Last Report: 241,060,695.86	241,060,695.86
			Current: 241,060,695.86
Debenture Series 7	1142595	958,109,351.81	Last Report: 958,109,351.81	958,109,351.81
			Current: 958,109,351.81
Debenture Series 8	1162817	1,464,615,000	Last Report: 1,464,615,000	1,464,615,000
			Current: 1,464,615,000
Debenture Series 9	1205947	199,506,000	Last Report: 199,506,000	199,506,000
			Current: 199,506,000
Commercial Papers (Series 1)	1211168	300,000,000	Last Report: 300,000,000	0
			Current: 0
Warrants (Unlisted)	1175157	0	Last Report: 406,234	0
			Current: 406,234

Explanation: All securities of the company must be detailed, including unlisted securities.

2. The Corporation Announces That:

On the date: 08/09/2025

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: Full redemption of commercial papers (Series 1)

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

Details:

• Name of the registered holder affected by the change: The 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: Redemption
• Date of change: 08/09/2025
• Executed via the TASE clearing house: Yes
• Type and name of security affected: Commercial Papers (Series 1)
• Security number on TASE: 1211168
• Holder's balance in the security in the last report: 300,000,000
• Holder's balance in the security after the change: 0
• Total quantity of securities decreased/increased: 300,000,000
• Is this a grant of rights to purchase shares: No
• Total consideration for allocated securities: _________
• Security number on TASE of the share resulting from exercise: _________
• Quantity of shares resulting from full exercise/conversion: _________
• Total additional consideration from full exercise/conversion: _________
• Period during which the security can be exercised: _________
• From date: _________ To date: _________
• Allocated securities will be listed for trading: _________
• Allocation of said securities is in continuation of: _________ published on: _________ and its reference number is: _________
• The security has been fully redeemed and the consideration has been fully received.
• The security has been fully redeemed, but the consideration has not been fully received.
• Issued for the purpose of an 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, should be summarized in one row. For this purpose – changes performed via the TASE clearing house should be separated from those performed directly in the company's books.
• 1. The change for a decrease, add the sign "-".
• 1. In all quantity fields, the quantity of securities should be filled in, 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	Quantity of Shares	Holds Shares as Trustee
1	Edad Trust Company Ltd.	Number in the Israeli Companies Registrar	511169781	1100007	Ordinary shares of NIS 5 par value	2,175,000	Yes
2	The Registration Company of the Tel Aviv Stock Exchange Ltd.	Number in the Israeli Companies Registrar	515736817	1100007	Ordinary shares of NIS 5 par value	11,649,913	No

1. Attached is a file of the register of shareholders in accordance with Section 130 of the Companies Law, 1999: paz_shareholders_register_080925_isa.pdf

Alt: Shareholders register file as of 08/09/2025

1. Attached is an updated file of the registers of the corporation's securities, including the register of warrant holders and the register of debenture holders: paz_securities_register_080925_isa.pdf

Alt: Updated securities registers file as of 08/09/2025

Details of the authorized signatories on behalf of the corporation:

No.	Name of Signatory	Position
1	Anat Rothschild	Other: Deputy CEO, Chief Legal Counsel and Company Secretary
2	Reut Lev Eldar	Other: Attorney

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.

Reference numbers of previous 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

Short name: PAZ RETAIL AND ENERGY LTD.

Address: Greenwork, Building D, Kibbutz Yakum, 6097200 Phone: 09-8631103, 09-8631121 Fax: 09-9562159 Email: anatr@paz.co.il Company website: https://www.paz.co.il/he-IL/home

Previous names of the reporting entity: Paz Oil Company Ltd.

Name of electronic reporter: Reut Lev Eldar Position: Attorney/Legal Advisor Employer company name:

Address: Euro-Park, Holland Building 4, Kibbutz Yakum, 60972 Phone: 09-8631103 Fax: 09- 8631320 Email: reutl@paz.co.il

Form structure update date: 06/08/2024