This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Israel-Canada (T.R) Ltd.

("the Company")

To:

Israel Securities Authority www.isa.gov.il

Tel Aviv Stock Exchange Ltd. ("the Stock Exchange") www.tase.co.il

September 8, 2025

Subject: Immediate Report

The Company is pleased to announce its intention to proceed with a public offering of its Series 8 debentures ("Series 8 Debentures"), by way of an expansion of the existing series in circulation ("Series Expansion"), as will be detailed in the shelf offering report that the Company intends to publish ("Shelf Offering Report"), pursuant to the Company's shelf prospectus published on September 4, 2025, dated September 5, 2025.

The additional Series 8 Debentures will be offered (if offered) by way of a uniform offering (as defined in the Securities Law, 1968 and the Securities Regulations (Manner of Offering Securities to the Public), 2007 ("Offering Manner Regulations")), by way of a tender on the unit price (each unit includes NIS 1,000 par value Series 8 Debentures ("Unit")).

The Company intends to conduct, tomorrow, September 9, 2025, a tender for classified investors, with no minimum price. The classified investors will be entitled to an early commitment fee at a rate of 0.4% of the total immediate consideration for the units for which the classified investors have committed to submit orders, calculated according to the minimum price per unit.

For the avoidance of doubt, it is clarified and emphasized that the structure and terms of the offering have not yet been finally determined and the offering, if carried out, will be under terms to be determined by the Company's Board of Directors and which will be detailed in the Shelf Offering Report to be published by the Company, if and to the extent it is published. Nothing herein shall constitute an indication or create any obligation on the part of the Company to carry out the Series Expansion. The execution of the Series Expansion and the publication of the Shelf Offering Report are subject to obtaining all required approvals by law, including, among others, the approval of the Company's Board of Directors and the approval of the Stock Exchange for the listing for trading of the Series 8 Debentures to be offered by the Company under the Shelf Offering Report, if offered, which as of the date of this report have not yet been received. This report does not constitute an offer to the public to purchase the Company's securities and no one should purchase or commit to purchase the Company's securities based on this report.

Respectfully,