Summit Real Estate Holdings Ltd.

Capital/Financing Update • Sep 10, 2025

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.

SUMMIT REAL ESTATE HOLDINGS LTD (the "Company")

September 10, 2025

To:

Israel Securities Authority Via MAGNA

Tel Aviv Stock Exchange Ltd. Via MAGNA

Dear Sir/Madam,

Re: Results of Tender for Early Commitment from Classified Investors for the Purchase of Bonds

The Company hereby announces that on September 9, 2025, a tender was held for classified investors for the issuance of bonds (Series 14 of the Company), in which bonds (Series 14) were offered to classified investors[¹⁰¹] by way of a tender on the interest rate, where each unit includes NIS 1,000 par value of bonds (Series 14).

In the tender for classified investors, total demand was received in the amount of approximately NIS 341.6 million, for the purchase of approximately 341,583 units. The interest rate set in the tender is a fixed shekel interest rate of 5.13%.

Out of the aforementioned demand, the Company received early commitments from classified investors in the amount of NIS 175,000 thousand par value.

The terms of the bonds (Series 14) are described in the draft trust deed for bonds (Series 14), which was published by the Company on September 7, 2025 (Reference 2025-01-067472).

It is emphasized that there is no certainty that the issuance will be carried out and that it is subject to obtaining the required approvals according to any law.

It is also clarified that the public offering, if made, will be conducted within the framework of a shelf offering report, by way of a uniform offering, that the scope of the public offering and its other terms will be detailed therein, and that the final interest rate will be set within the framework of the public tender, if and to the extent that it is carried out.

FOOTNOTE:

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.

¹⁰¹ As defined in the Securities Regulations (Manner of Offering Securities to the Public), 2007.