Israel Canada (T.R) Ltd.

Investor Presentation • Sep 15, 2025

Forward-Looking Intormation

It should be emphasized that the data provided for the projects detailed in this presentation (sides 3-8, 10-14, 16-23, 25-33, 35-36, 42-56) including the Company's estimates in relation to the projected revenue figures, unrecognized gross profit, projected management fees, projected and representative EBITDA, proceeds from sales, marketing commissions, project simulations and estimated start and end dates of the projects, estimate of construction costs, projected loan balance, projected cash withdrawal dates, as well as all the assumptions included in this presentation with the Company's intention regarding the relevant projects, including the assumptions contained in the slides which include the concentration of data in relation to a certain sector, are forward-looking in the Securities Law, 5728-1968, the realization of which is not certain and is not under the company and/or corporations under its exclusive control, and is based, inter alia, on the experience of the Company and its partners in the business plans of the companies holding the aforementioned projects, including the realization of the Group's inventory at the prices predicted by it.

These parameters depend to a great extent on external factors, such as the receipt of the execution of the projects, including the rezoning for the Company's lands (both actually receiving them at the time predicted by the Company and its project partners), the Company's compliance with the requirements of the various authorities and the granting of the relevant permits by them; in the cooperation between the partners, in the decisions that will be made by them during the construction of the provision of the required equity capital from them (including from the Company) according to the agreements signed; in the terms of the financing agreements signed in connection with the relevant provision of equity capital) and in avoiding the grounds for immediate repayment stipulated therein; entering agreements for projects whose implementation has not yet begun; in contractor and other suppliers to carry out the projects whose execution has not yet begun and at the costs predicted for this by the Company, which are based on the current market conditions; in the regulation that may apply to the organizers of purchase groups and/or the tightening of the regulation in the various areas of the Company's activity; in the actual construction and financing costs at the time of their formation (which may change compared to the costs predicted by the Company, including a substantial change), in maintaining the levels of sales prices that currently preval in the real estate market (which may experience a change, including a substantial change, among other things in the economic environment in which the Company operates, including the Iron Swords War and the Rising Lion War, including the impact on the hotel sector, and, among other things, in light of frequent changes in the taxation regulation), as well as in the authorities in connection with the approval of land zoning plans; in entering into lease agreements with third parties in the company's profitable projects in maintaining the current price level, including in the hotel sector - and there is no certainty that this will be the case in practice.

These factors may significantly change the Company's estimates detailed above.

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The purposed this resert station of the learning and incriations and increase the operations of the online on the online of measure of the said steer of the provision of information only.

The inframe in the resertain of propes of continue and consisted on the prestred decision and respective of increase information of increasing of increasion of opinion, and does not constitute a substitute for the independent judgment of each investor.

The peemator a dote in recomments of the excepts of the econsport to be photo de polise on projection and posted on portugularly portugularly reports.

Street the presentation is and the concerned to the encreation and the concert the concerns may cased confider in cased confider in categories in any cased confider in realin 2 | ISRAELCANADA this presentation in a conceant manner and dealer in the Company seriodic reports and or interim reports, the provisions of the aforead.

According to the Company's assessment, as of this date, the main factors that may prevent the realization of the forwardlooking information include: no change in the land use of the Company's lands according to the intentions of the Company and its partners; the inability to construct projects or delays in their construction due to various reasons, such as not meeting the authorities' requirements for obtaining permits and/or not receiving appropriate permits for the projects or receiving them later than anticipated by the Company; failure of the partners to comply with the financing agreements signed in connection with the relevant projects (including the provision of equity) or the occurrence of any grounds for immediate repayment stipulated in these agreements, which could lead to a request to immediately repay the loans provided; failure of the Company to enter into financing agreements for the relevant projects; financial difficulties encountered by the executing contractor or other suppliers involved in the projects; financial difficulties encountered by any of the investors and/or partners of the Company in the relevant projects that prevent them from continuing to finance their share in the projects; deviations from the expected project scope that may result from increased construction costs (including a shortage of manpower and increase in raw material costs), taxes, and/or levies imposed on land acquisition and development, etc.;

Deterioration in the economic environment, including the consequences of the Iron Swords War and the Rising Lion War, which will adversely aftect the price envronment in which the Company operates in a manner that will lead to a decrease in the sales volume forecast by the Company, a decrease in the gross profit indicated by the Company in this presentation, and that will also affect the hotel sector, including occupancy rates and accommodation prices, which will adversely affect the forecasted and representative EBITDA;

Failure to enter into rental agreements in the relevant projects and/or a decrease in rental prices and/or commerce, which may affect the Company's forecasts. Thus, there is no certainty that the above information will materialize and it may even be significantly different from the above.

time.

It should be emphasized that the information mentioned in the presentation below may not materialize, in whole or in part, or materialize in a materially different way than that predicted by the company's forecasts regarding the macro factors and in relation to the rest of the data stated therein.

It should be noted that slides 20 and 42 include new information published by the Company in this presentation for the first

(see tables later

in the presentation on pp. 44-

47).

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sector

* Approximately NIS 2.6 billion excluding minority rights ** Of the approximately 2,794 apartments in projects where there are less than 67% signatures, the Comote th

expected at the Israel, is estimated at approx. NIS 6 billion (see tables later in the 49-54)

Company and its subsidiaries are involved in the execution and active planning of over 19,000 apartments (including apartments that are subject to changes in city building plans and signatures of

the owners of the apartments in evacuation and reconstruction projects)**

1 1 2 8 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

BETTER & OFFERENT

THE GROUP,

Scope of activity from the beginning of 2025

Approx. 97

million NIS

March 25

Approx. 67

million NIS

March 25

Sale of Salame (ICR)

Acquisition of additional office space in a project in Herzliya

Approx. By :3

million NIS

March 25

Winning a tender on Kremenetski Street, Tel Aviv, together with Check Point

100 1000 11

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TER T FETT A THE

* Including VAT and including subscription agreements

January 25 Issue of shares

January 25 — August 25

Scope of sales of apartments, offices and land (*)

Progress on projects from start of 2025

Planning and marketing

February 25

Receiving a full building permit for the residential towers in the Midtown Jerusalem project and contracting with Tidhar Construction for general contractor work (in April 25, a full permit was received for the office tower and the mixed tower)

February 25

Signing of an agreement with Electra Construction Ltd. to carry out excavation, shoring and foundation work in the Vertical City project

July 25 Signing a financing agreement for the Rainbow Sde Dov Project

Obtaining a building permit for the Bavli Project

January 25

Beginning of SHE Project and land marketing Northern Quarter, Herzliya

March 25

Signing of an agreement to perform excavation and shoring contractor work with Solel Boneh, in the SHE project

Receiving approval from the local committee in the Tel Aviv Municipality for the deposit of a plan that includes additional rights in the Beit America project

May 25

July 25

Publication of the new Ramat Hasharon plan to give force in the Official Gazette

July 25 Completion of the Kremeneski deal

A Look at 2025 - Major Expected Events

Looking ahead...

Beginning of marketing Beit Haneara, Dubnov and Kremenetski

Obtaining a full permit and signing a general contractor agreement Rainbow Project

Obtaining a permit Vertical City Project

Construction work Vertical City Project

Work begins on the Bavli Project, Tel Aviv

. Developments and strengthening of equity

2,459

4 5

18

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CART PERFERENCE

TOHIL

The Sales

Assets

Total assets on the balance sheet are approx. NIS 12 billion

11%3%
11% aller

Real property

Initiating and establishing projects

Construction and development of projects in Israel*

Approx. 5 billion NIS projected surplus balance upon completion of projects after tax (Company share)

Housing units in planning, construction and marketing**

Approx. 28

billion NIS projected revenue balance (Company share)

Approx. 6

billion NIS gross profit balance not yet recognized (Company share)

* As of June 30, 2025, including Company's share in ICR (42.5%).

** Includes housing units in respect of ICR, held by the Company at a rate of 42.5%.

Projects

Construction and development of projects in Israel

VERTICAL CITY

Rainbow Sde Dov

Kremenetski Tel Aviv

124, 115 1400 THE HOWE

Beit Haneara Hod Hasharon

Bavli Tel Aviv

SHE Herzl, corner of Yehuda Halevi, Tel Aviv

Midtown Jerusalem

Jerusalem

RAINBOW TEL AVIV

Project data

As of August 26, 2025, 265 apartments were sold for total consideration of approx. NIS 2.3 billion*.

Marketing

A plot with an area of approx. 8.6 dunam, zoned for construction of 459 residential units and 1,600 sq.m of commercial spaces.

Status

A project including a 39-story tower, alongside 6 buildings of textured construction, commercial areas, green areas, swimming pools and areas for the residents' well-being. In March 2024, an excavation and shoring permit was received and the Company began performing the excavation and foundation works. In August 2025, a licensing authority decision was made for a full construction permit. A project financing agreement has been signed. A full permit is expected to be received by the end of 2025.

Company share

Gross profit not yet recognized (company share)

Approx.

Projected revenue (100% projected)

Approx.

3.9 billion
Control Nis

(Approx. NIS 3.3 billion excluding VAT)

Initiation and development of projects in Israe

RAINBOW TEL AVIV

Lot 306 Sde Dov complex

Project data*

4-5 dunam Land area

5,400 sq.m Logistic areas

18,150 sq.m Employment areas

2,500 sq.m Commercial spaces

Rationale and acquisition strategy

The purchase of the lot significantly expands the "Rainbow" project, serves as a force multiplier, creates planning, execution, and operational synergy between the lots, and completes the project as a vibrant, mixed-use urban block with maximum control over the entire complex. The project is in the planning and preparation stages of a design plan. Project architect - Moshe Tzur.

Initiation and development of projects in Israel

MIDTOWN JERUSALEM

Project data

The "Shaarei Tzedek" complex in Jerusalem, spanning approx. 17 dunams, on which there is a mixed-use project comprising approx. 895 residential units across four towers, including about 200 long-term rental units in two 40-story residential towers. The project will also include commercial, office, and hotel spaces with a total gross area of approx. 75,000 sq.m, as well as approx. 12,000 sq.m of public buildings, utilizing the full building rights under the zoning plan.

Status Marketing A full building permit was received. The excavation and shoring work As of August 25, 2025, 260 apartments was completed, an agreement was were sold, for total consideration of signed with Tidhar as the general contractor, and construction work approx. NIS 1,009 million* 5,733 sq.m on the project began. A project of offices for approx. NIS 171 million**. financing agreement was signed. Projected revenue Gross profit not yet (100% projected) recognized (company share) Approx. Approx. 6-4 billion

One Nis 720 million
Nis (Approx. NIS 5.4 billion excluding VAT)

Company share

73%

Initiation and development of projects in Israe

SHE

TEL AVIV

Project data

A 40-story tower with a total area of approx. 38,000 sq.m, including: 102 apartments covering approx. 10,000 sq.m, office and commercial spaces covering approx. 25,000 sq.m, and public buildings covering approx. 3,000 sq.m (in accordance with the existing zoning plan)

Marketing

The Company began marketing in March 2025, and as of June 30, 2025, 3 apartments were sold for a total of approx. NIS 57 million*.

. The

197 27 200

24

Initiation and development of projects in Israel

Project data

In May 2024, the Company won an Israel Land Authority (ILA) tender for the purchase of land located at 4–6 Dubnov Street in Tel Aviv, with a total area of approx. 2.4 dunams. The land is zoned for the construction of a tower of up to 42 stories, comprising 133 residential units, approx. 17,500 gross sq.m of commercial and office space above ground, and approx. 1,500 net sq.m of public areas. During August 2024, the Company and the partner completed the acquisition of the rights.

Status

The Company began detailed planning of the project and is advancing the design plan of the complex. The Company intends to begin marketing.

Gross profit not yet recognized (company share)

Approx. 480 million
Association Nis Projected revenue (100% projected)

80%

billion

(Approx. NIS 1.7 billion excluding VAT)

Company share

Initiation and development of projects in Israel

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Project data

In February 2021, the Company, together with BSR, entered into an agreement to purchase 100% of the shares of Urban Babylon Tel Aviv, which owns approx. 83% of the urban renewal project in the Bavli neighborhood of Tel Aviv, for the construction of 299 apartments in 9 residential buildings of 9 floors, including surface construction areas of approx. 37,200 sq.m and approx. 14,500 underground construction areas. The share of Israel Canada and BSR in apartments for marketing is approx. 134 apartments.

Marketing

As of June 30, 2025, 15 apartments were sold, for total consideration of approx. NIS 80 million*.

Status On January 6, 2025, a building permit was received and an agreement was signed with a contractor to carry out the project. A project financing	Projected revenue (100% projected) Approx. ST (0) million
agreement was signed.	(Approx. NIS 825 million, excluding VAT)
Gross profit not yet recognized (100%)	Company share
Approx.	50%
1 60 million

Initiation and development of projects in Israel

המענה מענה מ הוד-השרון

Project data

Land including seven lots in the Beit Hanehaara complex in Hod Hasharon, with a total area of approx. 39 dunam. The land is located in the Kfar Hadar neighborhood in the western part of Hod Hasharon, in the complex known as Beit Hanehaara.

status

The land has a zoning plan that allows for the construction of 530 apartments. In a discussion held in August 2025, the district committee decided to approve the addition of residential units and commercial space so that the project will include a total of 633 residential units and 2,500 sq.m of commercial space. The Company intends to begin marketing during the year.

Price of the land

Approx. 664 million .
664 Nis

Gross profit not yet recognized (company share)

Approx. 420 million
120 Nis

Projected revenue (100% projected) Approx.

3.4 billion
Back Nis

(Approx. NIS 2.9 billion, excluding VAT)

Company share

50%

Initiation and development of projects in Israel

Kremenetski Tel Aviv

Project data

The Company, together with Check Point, won a tender for the purchase of capitalized leasehold rights in the land known as the Israel Electric Corporation's Technical Center, located on Kremenetski Street in Tel Aviv, with an area of approx. 13.5 dunams. The land parcel allows for the construction of 302 residential units, approx. 2,000 sq.m of commercial space to be attached to the residential buildings, as well as approx. 60,000 sq.m of office space, including commercial areas on the ground floor. Pursuant to the agreements between the Company and Check Point, the residential rights will be owned by the Company, while the office rights will be owned by Check Point.

Status

The Company began detailed planning of the project. On July 2, 2025, the purchase price was paid and the transaction was completed.

Initiation and development of projects in Israel

20 ISRAELCANADA

thousand sq.m of residential, commercial, office space

OUR PROJECTS

parking spaces

Projects

Income-generating real estate

VERTICAL CITY

ഗ്വന്തവുമാനിച്ച് 107 ഇവിടെയ

Lot 306 Sde Dov

SHE Tel Aviv

Midtown Jerusalem

Da Vinci Tel Aviv

Dubnov Tel Aviv

L

Project data

Land of approx. 11 dunams for the development of a project comprising office, residential, and commercial towers. It includes: 400 high-density residential units for long-term rental, 350 student dormitory units, public buildings and institutions, and low-rise construction for office and commercial use.

Marketing

As of June 30, 2025, approx. 27 thousand sq.m of offices were sold for approx. NIS 847 million*.

Status

An existing zoning plan allows for 176 thousand sq.m of construction, of which 75,000 sq.m are zoned for sale. On December 1, 2024, an excavation and shoring permit was received. The local committee recommended producing a plan to increase the building rights in the project to approx. 350 thousand sq.m (FAR of 30). During February 2025, an agreement was signed with an excavation and shoring contractor, and the Company began the works. A construction permit is expected to be received by the end of 2025.

Incomegenerating assets

Project data

50 floors

337 apartments - all sold Approx. 75 thousand sq.m office space

. 2011 - 2

CANADA

Approx. 16 thousand

sq.m of commercial space

Company share

Approx. 100% Occupancy rate in commercial

Incomegenerating assets

24 | ISRAELCANADA

our LANDS

Real estate in Israel*

Approx. 6

billion NIS revenue balance (100% projected)

Approx. 1.6

billion NIS gross profit balance not yet recognized (Company share)

Approx. 1.5

billion NIS projected surplus balance upon completion of projects after tax (Company share)

TEL AVIV

Elko Ramat Hasharon project RAMAT HASHARON

Projects

Real estate in Israel

Uptown Pi Glilot

Four&Five Ramat Hasharon Vally Netanya

Hod Hasharon West

Hod Hasharon

Shvil Hatapuzim

Hod Hasharon

Lapid Tel Aviv

Northern Quarter

Herzliya

Lapid Complex, Eilat Street, Tel Aviv

Project data

The Company owns land with an area of 7,557 sq.m in the Lapid Compound on Eilat Street in Tel Aviv.

Status

In April 2021, the Tel Aviv Local Committee recommended to the District Committee the deposit of a plan that includes 123,000 sq.m. The Project Company's share in the above rights amounts to approx. 33,000 sq.m, divided into 55% residential and 45% hotel use (approx. 18,000 sq.m for residential and approx. 15,000 sq.m for hotel use).

Purchase cost Approx. 212 million 212 Nis	Project company's share of the expected rights Approx. thousand sq.m
Company share GO%	Gross profit not yet recognized (company share) Approx. 560 million
Projected revenue (100% projected) Approx. 2 0 billion 2 19 Nis (Approx. NIS 2.5 billion, excluding VAT)

Real estate in Israel

Project data

Land with an area of approx. 62 dunams, known as the Elko complex and located in the eastern part of Ramat Hasharon, was purchased in March 2015.

Marketing

As of June 30, 2025 584 residential units* and approx. 56 thousand sq.m of offices** were sold.

Status

The land was rezoned and the plan now includes 600 apartments (of which 120 are apartments for lease) and approx. 150,000 sq.m of employment and commercial space.

In August 2025, the plan was published for validation.

Total gross profit not yet recognized (Company share) Approx. 406 million

Nis

Land price

* Land rights for an average residential unit

**Land rights that reflect rights to an area of approximately 53 thousand square meters of office space.

Real estate in lsrael

Herzliya Harova Hatzfoni

Project data

Purchase of real estate with an area of approx. 25 dunams in plot 18 in block 6663 in Herzliya.

Marketing

As of June 30, 2025, approx. 7 dunam has been sold.

Status

The land is zoned agricultural within the scope of the 3006 National Development Plan. In January 2025, the Company began marketing the land.

Cost of land

Approx. 146 million
146 mis

* Including VAT

Real estate in lsrael

Projects ICR

JASMIN

Idmit, Givatayim

Ocean Park Amnon Lipkin Shahak, Netanya

EVE Neve Gan, Ramat Hasharon

SERENITY Tel Hashomer, Ramat Gan

PASTORAL Hantaka, Jerusalem

YAM Sokolov, Bat Yam

งในง แม่เรียนรู้เลี้ยมไม้ 107 ถึงแม่ถูกทาง

Hagefen Bar-Kochva Street, Herzliya

North Park Neve Gan, Ramat Hasharon

AIR Histadrut, Givatayim

Hamesila Hamesila, Herzliya

ICR NUMBERS

15.6 thousand residential units

In progress or marketing

Approx. 2,900 In advanced licensing/ planning processes

Approx. 9,900

In planning and signing resident stages

Approx. 2,800

OR Assets

Demolition and reconstruction*

* Select projects with a signature rate of over 67%. ICR's share in the Rothschild, Bat Yam project is 50%.

** Israel Canada holds 42.5% of ICR

** The sope of makeling is corected of publication of the legistration letters that have not yet been converted into on track phaling and million including an **** An agreement was signed for the sale of the land. For further details, see Slide 55.

In Planning and Lands

200 Apartments

OUR HOTELS

Hotels

ISLA BROWN

CORINTHIA

GALEI KINNERET Tiberias

LAKE HOUSE Tiberias

WEST Tel Aviv

BROWN BEACH

EVIA ISLAND

PLAY LEVONTIN Tel Aviv

H O T E L S

Israel-Canada activity in the fields of environment, society and corporate governance

The Company published an ESG report for 2024

Data Summary

ISRAT THE CONSTITUTION

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For Freed & " The Ford Callery

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38 | ISRAELCANADA

Consolidated balance sheet

Assets (NIS thousands)

		June 30, 2025	December 31, 2024
	Cash and cash equivalents	233,618	410,276
	Cash and deposits used in financing accounts	17,212	566,068
Current	Financial assets at fair value through profit and loss	109,244	129,192
assets	Real estate inventory	440,612	320,758
	Inventory of buildings under planning and construction	3,065,926	2,625,023
	Current other assets	303,537	240,694
		4,170,149	4,292,011
	Investments and loans in investee companies	1,350,378	1,305,859
	Real estate for investment	3,114,318	2,893,000
Non-current assets	Long-term real estate inventory	1,121,583	1,145,810
	Other non-current assets	2,033,270	1,319,620
		7,619,549	6,664,289

Consolidated balance sheet

Liabilities and equity (NIS thousands)

		June 30, 2025	December 31, 2024
	Short term credit from bank corporations and current maturities of long-term loans	2,917,602	2,866,946
	Current maturities of bonds	291,731	269,101
Current liabilities	Advances for the sale of real estate inventory and building inventory under planning and construction	614,145	421,240
	Loans from others	2,526	2,502
	Other current liabilities	369,893	242,524
		4,195,897	3,802,313
	Loans from others	9,681	10,175
	Loans from bank corporations	1, 902,295	2,001,362
Long-term liabilities	Bonds	986,343	1,055,667
	Other long-term liabilities	1,175,864	624,395
		4,074,183	3,691,599
Equity		2,555,207	2,485,995
Minority rights		964,411	976,393
Total equity		3,519,618	3,462,388
Total liabilities and equity		11,789,698	10,956,300

Consolidated profit and loss

NIS thousands

	June 30, 2025	For period ending on For period ending on June 30, 2024	For year ending on December 31, 2024
Total revenue	399,344	344,200	774,236
Operating profit	34,618	99,824	260,252
Net financing income (expenses)	(74,273)	(60,995)	(42,255)
Profit (loss) after financing	(39,655)	38,829	217,997
Net profit (loss)	(30,888)	43,986	231,678

Summary of Data Estimate in Main Projects in Israel

Construction and development of projects in Israel (Table 1)

	Project name (3)	Company share in the project	Status	Marketing scope as of June 30, 2025	Marketing scope as of publication of the latest financial report	Estimated date for cash withdrawal from the project(15	Balance of inventory in books as of June 30, 2025 in NIS thousands	Projected revenue balance (100%) as of June 30, 2025 in NIS thousands	Projected revenue balance (Company's share) per sq.m in NIS as of June 30, 2025 in NIS thousands	Average sale price thousands (16)	Gross profit balance not yet recognized (Company share) (2) in NIS thousands	Projected gross profit rate	Projected surplus balance at the completion of the project after tax (Company's share) in NIS thousands (17)
	13 Ehad Ha'am Street, Tel Aviv	95%	Occupied	96%	99%	2025	12,077	23,853	22,660	Residential - 88 (calculated based on sales in 2025)	10,625	47%	20,268
	SHE, Tel Aviv 6)	81%	City building plan in force	3%	4%	2031	456,932	2,195,607	1,778,441	Residential - 130, Office shell - 40, Commercial - 50	600,979	34%	419,908
	Midtown Jerusalem	73%	City building plan in force	34%	35.54%	2030	1,024,331	5,381,846	3,928,747	Residential - 72, Office - 22, Commercial - 40, Residential for rent - 57	715,910	18%	534,382
ব	Beit Haneaara Complex, Hod Hasharon ®	50%	City building plan in force		l	TBD	438,345	2,944,734	1,472,367	Residential - 42	421,299	29%	246,822
ﻣ	Rainbow, Tel Aviv (9)	100%	City building plan in force	51%	57.7%	2030	1,636,916	3,291,510	3,291,510	Residential - 85, Commercial - 45	730,810	22%	898,078
o	Vertical City, Ramat Gan(11)	55.9%	City building plan ın force	35%	35%	2030	381,253	2,050,515	1,146,238	Offices - 28	280,811	24%	345,991
	Dubnov, Tel Aviv ₪2)	80%	City building plan ın force			TBD	389,182	1,693,304	1,354,643	Residential 90, Offices - 35	483,567	36%	347,958
	Lev Bavli, Tel Aviv	50%	City building plan in force	11%	12%	2030	75,326	822,852	411,426	Residential - 65	79,301	19%	66,749
O	Kremenetski, Tel Aviv (18)	100%	In planning			TBD	l	1,366,768	1,366,768	Residential -50, Offices - 45	271,718	20%	249,214
Total					4,414,362	19,770,989	14,772,800		3,595,020		3,129,370

Purchase groups (Table 2)

		Turquoise					16,583					20,079
			Total				16,583	21,060 - -		4,477		20,079
Management fees (Table 3)

Blue Beach, Herzliya	0%			177	i	14,000	N/A	14,000	10,812
		Total	177	14,000	14,000		14,000	10,812

Summary of Data Estimate in Main Projects in Israel

Investment in land (Table 4)

	Project name (3)	Company share in the project	Status	Marketing scope as of June 30, 2025	Marketing scope as of latest financial report	Estimated date publication of the for cash withdrawal As of June 30, from the project(15)	Balance of inventory in books 2025 in NIS thousands	Projected income balance (100%) as of June 30, 2025, in NIS thousands	Projected income balance (Company's share) as of June 30, 2025, in NIS thousands	Average sale price per sq.m in NIS thousands (16)	Gross profit balance not yet recognized gross profit (Company share)") in NIS thousands	Projected rate	Projected surplus balance at the completion of the project after tax (Company's share) in NIS thousands (17)
	Lapid complex, Tel Aviv (5)	60%	in plannıng	-	l	TBD	188,642	2,509,832	1,505,899	Residential - 115, Hotel - 56	659,474	44%	433,214
	New Ramat Hasharon, residential rights	81%	In planning	97%	97%	TBD		500,887		N/A	405,719	100%
	New Ramat Hasharon, office rights(4)	81%	In plannıng	38%	38%	TBD	7,466		405,719				306,654
m	Tzamarot, Hod Hasharon Shvil Hatapuzim	80%	lm plannıng/ rezoning	96%	96%	On the plan approval date	3,749	14,091	11,273	N/A	7,524	67%	9,542
	Hatzuk Hazfoni	100%	In plannıng	l	l	TBD	63,514	140,800	140,800	N/A	80,494	57%	122,610
	Glilot Complex and Uptown shares	64%	lm plannıng	61%	61%	TBD	54,403	242,924	155,471	N/A	101,069	65%	132,554
ଚି	Hod Hasharon West	100%	In planning	94%	94%	TBD	1,888	5,015	5,015	N/A	3,127	62%	4,296
	SUNSET North Tel Aviv	100%	In plannıng	44%	44%	TBD	72,971	118,800	118,800	N/A	45,828	39%	109,415
	Israel Canada Business Village Netanya	60%	In plannıng	37%	37%	TBD	55,319	256,275	153,765	N/A	98,446	64%	131,476
0	Beit Mars, Tel Aviv(10)	38%	In plannıng	l	l	TBD	317,271	2,295,884	872,436	Residential - 68, Commercial - 40, Employment - 23	238,893	27%	215,025
Total							765,223	6,084,508	3,369,178		1,640,574		1,464,786
Total tables 1-4								25,890,557	18,177,038		5,254,071		4,625,047

43 | ISRAELCANADA

Summary of Data Estimate in Main Projects in Israel Footnotes

• 1. Assuming full realization of the inventory. Insofar as there are no actual sales, the Company relies on subscriptions.
• 1. Goss profit is salculated in accounting principles and includes francing experses until a building permit s received and any expenses, an includes both the income from the sale of inventory (as defined in Accounting Staff Position 5-11 of the Irael Securities Authority),
• 1. Belt Mars and Vertical City are projects presented in the Company's financial statement in affiliated companies section.
• 1. Ramat Hasharon, for details see Section B of the Board of Director's report.
• 5 Lapid, Tel Avi, the above table in the project. The news updated according to the pimenteest ate known at the report. It shuld be noted that the selling price per sq.m for the hotel room to a high standard in a leading hotel brand.
• 1. Yehda Haley; Leuri Bulding, Tel Avi. The expected rights of the project. The interest rate increan rather me driver of polication of the reports. It should be noted that the office are presented in the investment real estate section of the Company's financial statements.
• 7 . be roted that the residential retal space, a proxime in the mail space rights are presented in the investment real estate section of the Company Snarcal statements. Revenues do not include significant financing vehicles totaling approx. NIS 44 million. To be recorded in the other income section.
• 8 Beit Hanéara, Hod Hasharon The interest rate was updated according to the time of publication of the reports.
• 1. Ste Doy, Te Avir The bable above includes in the project. The carying cost creat capitalization of the bards. It structure of the barbare of the commercial rights are presented in the companys financial statements. The revenues do not include a sparitary from the annum of approx. No 30 million with will be recorded in the other revenues section. The changed from 480 to 459 apartments, while the marketing area remained the same.
• 1. Beit Mars, Tel Ave The above table includes the expect according to Urban Plan 5. The plan is under the authority of the local committee
• 1. Yerical Ch, Ramat Galle acove includes rights on 7,000 som of offices that the proct company decided to sell as officant finacing component m the amount of approx. NIS 43 million, which will be recorded in the other revenue section.
• 1. Dubnov, Tel Aviv The table above includes all the expected rights of the project.
• 1. Regarding ICR's main projects, see the following tables.
• 1. The table does not include the land plots in North Quarter, Tel Aviv, and Emek Bracha Tel Aviv.
• 1. The data presented does not include future management fees expected in the projects.
• 1. The residential sales price includes VAT and the remaining components do not include VAT.
• 1. Projected surplus balance does not include equity invested.
• 1. Information displayed for the first time. The transaction was completed after the balance sheet date, on July 2, 2025.

Properties that are actually rented and/or available for rent (Table 1)

					Description	Carrying balance as of June 30, 2025, NIS thousands(3)			Projected NOI in		Debt for the asset (NIS thousands)
	Project name (1)	Location	Asset purchase date	Company share (Indirectly)			Total office/commercial spaces to be constructed	Projected NOI in an annual calculation (assuming full occupancy) (100%) in NIS thousands (4)	an annual calculation (assuming full occupancy) (the effective Company share) in NIS thousands	Debt balance as of June 30, 2025 (3)	Annual interest rate on the debt	Final repayment date of the debt	LTV as of June 30, 2025	Occupancy rate / rate of property areas for which binding leases were signed as of June 30, 2025
	Midtown Tel Aviv (commercial and parking) (5) (11)	Tel Aviv	2011	81%	Commercial spaces in the Midtown project (established by the Company and partners)	509,488	Approx. 16,000 sq.m and parking including approx. 702 parking spaces	30,497	24,702	337,053	Approx. 73% of the loan amount: index + 4.09% Approx. 27% of the loan amount: index + 3.8%	March 14, 2030	66%	97%
	Sea Tower (Microsoft)	Herzlıya	2016	24.13%	An office and commercial structure in Herzliya Pituach that was constructed by the Company and partners, and is fully leased to Microsoft	1,315,170	Approx. 44,000 sq.m of office space, approx. 3,000 sq.m of commercial space and land with construction rights of approx. 7,000 sq.m for commercial and office space	66,920	16,148	823,397	Approx. 90% of the loan amount: index + 1.29% Approx. 10%: Bank of Israel interest + 1.75	Sept. 10, 2035	63%	100%
	Two office floors in the Midtown project ot Tel Aviv	Tel Aviv	2011	100%	Two office floors in a project established by the Company	83,600	Approx. 3,100 sq.m and 44 parking spaces	4,300	4,300	37,420	3.3% shekel	March 26, 2026	45%	100%
ব	Beit Israel Canada (formerly: Beit America) (2)	Tel Aviv	2019	36%	A 13-story building above the ground floor for offices and commercial space	276,632	7,800 offices and approx. 600 sq.m of commercial space	11,449	4,122	115,000	Prime + 1%	Apr. 22, 2032	42%	99%
5	Office floor in the Elifelet Project	Tel Aviv	2010	100%	Office floor in a project established by the Company	28,550	1,675 sq.m and 10 parking spaces	2,069	2,069	13,395	Index-linked + 2.55% - 0.94%	Jul. 26, 2025	47%	100%

Properties that are actually rented and/or available for rent (Table 1) (cont.)

				Company share (Indirectly)	Description	Carrying balance as of June 30, 2025, NIS thousands(3)	Total office/commercial spaces to be constructed	Projected NOI	Projected NOI in an annual		Debt for the asset (NIS thousands)			Occupancy rate
	Project name (1)	Location	Asset purchase date					in an annual calculation (assuming full occupancy) (100%) in NIS thousands (4)	calculation (assuming full occupancy) (the effective Company share) in Nis thousands	Debt balance as of June 30, 2025 (3)	Annual interest rate on the debt	Final repayment date of the debt	LTV as of June 30, 2025	/ rate of property areas for which binding leases were signed as of June 30, 2025
റ	Office floor in the Haholshim Project	Herzliya	Varıous dates	59%	Office floor in a project established by the Company	85,327	4,950 sq.m and approx. 89 parking spaces	5,624	3,326	45,011	Index linked + 1%-3.6%	Dec. 29, 2035 Jul. 15, 2025	53%	100%
7	LIVE TLV	Tel Aviv	2010	100%	Commercial spaces in a project established by the Company	3,189	125 sq.m. commercial	252	252	i			i	100%
8	Office, commercial, and parking spaces in the Da Vinci project	Tel Aviv	2016	50%	A residential and commercial project established by the Company and partners by way of a purchase group	455,846	Approx. 9,000 sq.m of office space, approx. 1,200 sq.m commercial space, and approx. 270 parking spaces	32,904	16,452	281,923	Index linked+3.73%	August 6, 2027	62%	97%
9	Office spaces in the Da Vinci project (6)	Tel Aviv	Varıous dates	100%	A residential and commercial project established by the Company and partners by way of a purchase group	76,150	Approx. 2,340 sq.m	5,556	5,556	40,844	Index linked + 4.22%	Jul. 5, 2026	54%	83%
10	Ehad Ha'am Street, Commercial	Tel Aviv	2015	95%	A residential and commercial project established by the Company	9,523	277 sq.m. commercial	840	798	i	i	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	i	76%
	Total							160,411	77,725	1,694,043

Properties under construction (Table 2)

											Projected NOI	Debt for the asset (NIS thousands)
	Project name(1)	Location	Asset purcha se date	Company share (Indirectly	Description	Carrying balance as of June 30, 2025, NIS thousands 3)	Estimated costs to complete the project (100%) in NIS thousands	Total office/commercial spaces to be constructed	Estimate ত conclusio n date of the construct ion	Projected NOI in an annual calculation (assuming full occupancy) (100%) in NIS thousands (4)	in an annual calculation (assuming full occupancy) (the effective Company share) in NIS thousands	Debt balance as of June 30, 2025 (3)	Annual interest rate on the debt	Final repayment date of the debt	LTV as of June 30, 2025	Occupancy rate / rate of property areas for which binding leases were signed as of June 30, 2025
	Midtown Jerusalem project (offices, apartments for rent, hotels and commerce)	Jerusale m	2020	73%	An integrated project for residences, offices, hotels and commerce (excluding the residential rights and approx. 44,600 sq.m of offices classified in the inventory section in the Company's financial statements).	515,059	922,994	Approx. 21,000 sq.m of office, approx. 13,743 sq.m of residential for lease, approx. 4,525 sq.m of commercial, approx. 10,810 sq.m of hotel and building for preservation of approx. 4,425 ട്ടു.m	2030	97,605	71,252	298,917	Prime + +0.84%	Sept. 30, 2025	58%	l
	Employment areas in the SHE Project	Tel Aviv	2018- 2020	81%	Integrated residential, office, and commercial project	161,745	656,896	25,054 sq.m	2030	59,407	48,120	100,678	Prime + 1%	Dec. 31, 2025	62%	l
m	HQ (Lot 4006)	Herzliya	i	17.7%	Office and commercial project	401,160	69,000	Approx. 23,000 sq.m above ground office and commercial space	Fourth quarter 2025	TBD	TBD	152,000	Prime + 1.25%	October 30, 2026	38%	i
ধ	Lot 4001	Herzliya	---	17%	Office and commercial project	242,660	====	Approx. 24,000 sq.m offices and 2,000 sq.m commercial	i	TBD	TBD	i	i	i	i	-----
	Vertical City Project (Stock Exchange Triangle Complex) (2), (7)	Ramat Gan	2021	55.9%	A project intended for the construction of employment, residential and commercial towers: 400 residential units for saturated construction for long-term rental purposes, 350 units for student dorms, public buildings and institutions, and structural construction for employment and commerce	1,032,914	2,040,461	117,429	2031	206,923	115,670	479,375	Prime + 0.4%	November 15, 2025	46%	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
	Total					2,353,538	3,689,351			363,935	235,042	1,030,970

Properties in the planning stages (Table 3)

							Estimate d costs to complete the project (100%) in NIS thousand ഗ	Total office/comme rcial spaces to be constructed Approx.			Projected	Debt for the asset (NIS thousands)
	Project name (1)	Locatio ਵ	Asset purchas e date	Compan y share (Indirec tly)	Description	Carryıng balance as of June 30, 2025 ખાર thousand ട്ട്ര)			Estimated conclusion date of the constructi on	Projected NOI in an annual calculation (assuming tull occupancy) (100%) in NIS thousands (4)	annual calculation (assuming full occupancy) (the effective Company share) in માટિ thousands	Debt balance as of June 30, 2025 (3)	Annual interest rate on the debt	Final repayment date of the debt	LTV as of June 30, 2025	Occupancy rate / rate of property areas for which binding leases were signed as of June 30, 2025
	Beit Israel Canada (formerly: Beit Eurocom) (12)	Ramat Gan	2018 - 2020	43.4%	Office and commercial tower construction project	200,900	1,131,078	70,000 sq.m ot employment, hotel and commercial areas.	TBD	105,097	45,649	57,926	Prime + 0.55%	Nov. 23, 2026	29%	-
2	Dubnov	Tel Aviv	2024	80%	Project intended for the construction of employment, residential and commercial towers	112,085	233,759	17,500 sq.m of commercial and employment spaces	TBD	36,348	29,078	81,984	Prime + 0.15%	August 21, 2027	73%	i
m	Lot 306, in the Sde Dov complex	Tel Aviv	2024	100%	Project intended for construction of commercial, logistics, and employment space	129,520	349,462	18,150 sq.m of employment space, 5,400 sq.m of logistics space and 2,500 sq.m of commercial space.	TBD	49,116	49,116	95,066	Prime + 0.3%	October 25, 2026	73%	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ব	Rainbow, Sde Dov complex	Tel Aviv	2021	100%	A residential project that includes 1,610 sq.m of commercial space	44,755	13,535	1,610 sq.m	2030	4,830	4,830	i	l	i	i	i
	Office and commercial spaces in the Lemed Project (9)	Tel Aviv	Decemb er 2016	90%	6-story office and commercial building	19,000	45,039	3,100 sq.m	TBD	6,022	5,420	i	i		i	------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
	Total Table 3					506,260	1,772,873			201,413	134,093	234,976

Total Tables 1-3		5,703,273 5,462,224			725,759
------------------	--	-----------------------	--	--	---------	--	--	--	--	--	--

Footnotes

• 1. The table does not include the Company's share of land in Kadima Zoran, Emek Bracha and Kfar Shmaryahu (assisted living).
• 1. In the financial report, the projects are included in the investment in affiliated companies section.
• 1. The data is 100% inclusive of data from affiliated companies.
• 1. The NOI is calculated assuming full occupancy.
• 1. The table does not include hotel spaces that are included in the fixed assets section of the Company's financial statements.
• 1. The Company (through a wholly owned and controlled subsidiary) purchased office space from third parties.
• 1. The data is presented in accordance with FAR 18.
• 1. In mixed-use projects, the areas in the table do not include the residential areas.
• 1. On December 19, 2021, the district committee approved by the Company which authorizes the construction of a s-story office and commercial building (including the ground floor) in a pross area of approx. 8,675 sq.m (surface and underground). The Corporal share of the botal rights is approx. 4,970 sq.m.
• 1. In light of signing the sales contracts in significal scopes and rates (3%), the associated company decided that office areas in a scope of approx. 75,000 sq.m from all o investment real estate in the project will be redassified in the estate inventory in lieu of investment real estate of the land. The data in the table below refers solely to the reports in the reports in the investment real estate section.
• 1. Includes 75 parking spaces. At this stage, the parking spaces have not yet been rented.
• 1. The value shown is excluding the residential component.

Summary of Data Estimate in Main Projects ICR

Projects under construction/marketing (Table 1) (4) (5)

	Project name	ICR Share in the project	Status	Marketing scope near the date of as of June 30, 2025 (**)	Marketing scope publication of the latest financial report (***)	Estimated date for cash withdrawal from the project	Balance of inventory in books as of June 30, 2025 (ICR Share) in NIS thousands	Projected revenue balance as of June 30, 2025, in NIS thousands	Projected gross profit balance not yet recognized in NIS thousands	Projected gross profit rate from balance of gross profit not yet recognized	Projected surplus balance Upon project completion after tax in NIS thousands (5)
1	Yam, Bat Yam	100%	In stages of occupancy	98%	99%	2025	9,968	12,744	2,623	21%	13,709
2	Jerusalem Blvd. Jaffa	100%	In stages of occupancy	100%	100%	2025	l	2,343	302	13%	17,553
m	Hagefen, Bar Kochba Herzliya (Stage A) (6), (7)	100%	Occupied	100%	100%	2025				l	2,112
ব	Hagefen, Bar Kochba Herzliya (Stage B) (6), (7)	100%	In progress	98%	98%	2025		21,561	8,897	41%	58,858
5	1 ÖCEAN PARK, Netanya	100%	Occupied	100%	100%	2025	l	890	ਰੇ ਰ	11%
റ	2 OCEAN PARK, Netanya	100%	In stages of occupancy	100%	100%	2025	3,162	19,384	5,536	29%	47,194
7	Hamesila, Herzliya	100%	In progress	89%	89%	2025	10,294	38,234	5,645	15%	10,784
8	Hahistadrut (Air), Givatayim (8)	100%	In progress	70%	71%	2029	323,718	982,774	293,514	30%	173,756
ರಿ	Tel Hashomer (Serenity), Ramat Gan (12)	100%	In Marketing	27%	36%	2029	3,348	125,041	20,522	16%	13,539
10	Idmit (Jasmin), Givatayim (12)	100%	In Marketing	12%	14%	2029	14,644	367,807	65,028	18%	44,991
11	Hanatka (Pastoral), Jerusalem	100%	In Marketing	38%	40%	2029	72,825	995,095	186,353	19%	122,441
12	North Park, Neve Gan Stage A - Residential, lots 28-30 (9),(10)	50%	In progress	71%	71%	2028	658,536	1,213,344	210,888	17%	304,232
	North Park, Neve Gan Stage A - Residential, lot 27	75%
13	North Park, Neve Gan Stage B (12), (11) (Eve)	50%	In progress	34%	36%	2028	614,133	1,045,085	133,544	13%	213,496
							1,710,628	4,824,302	932,951		1,022,665

* Israel Canada holds 42.5% of ICR.

** Marketing scope as of June 30, 2025, includes vith a financial scope of approximately NIS3 million, which, as of the eater of the Report, have not jet become come come com «« The scope in makerio is cost of chicaling a registration letters with a france sope of apprairing W.S 30 million, which as of the samental intrantax. 50 | ISRAELCANADA

Summary of Data Estimate in Main Projects ICR

Land reserves (Table 2)

	Project name	ICR Share		Project construction rights	Estimated date for cash	Carrying value as of June 30, 2025	Projected revenue balance (100%) as of June 30, 2025	Projected gross profit balance not yet	Gross profit rate	Projected surplus balance at the project end,
		in the project	Current planning status	Requested planning status	withdrawal from the project	ICR Share in NIS thousands	ICR Share in NIS thousands	recognized ICR Share in NIS thousands		after tax, in NIS thousands (5)
	Herbert Samuel, Tel Aviv	33%	Approx. 3,600 sq.m for residential and commercial	The proposed master plan documents include 24,188 sq.m (residential - 8,811 sq.m, commercial and hotel - 15,377 sq.m). The objection period to the plan has ended. A hearing on the objections is scheduled for the fourth quarter of this year.		84,006	TBD	TBD	TBD	TBD
N	Complex 12, Netanya (13)	100%		Approx. 200 residential units and public spaces	TBD	244	339,426	62,167	18%	32,411
ന	Haʻari, Netanya (14)	100%	255 residential units and approx. 575 sq.m of commercial and Agricultural employment space, in land the process of advancing a city building plan		TBD	i	412,906	76,488	19%	39,823
ব	North Park, Neve Gan Ramat Hasharon (Stage C) (15)	100%		256 apartments and 943 sq.m. commercial space	TBD	698,252	1,259,439	166,144	13%	280,975
	Total					782,502	2,011,771	304,799		353,209

Summary of Data Estimate in Main Projects ICR

Urban renewal over 67% signatures (Table 3)

		Project Description		Primary				Projected	Projected gross profit	Projected surplus balance at the
	Project name	s in the projects	Apartment Apartments tor marketing	Sq.m commercial for marketing	ഗ to start the project	dependencie Rate of tenants who agreed and signed	Planning status	Average sale price per sq.m, excl. VAT	revenue (ICR's Share) in NIS thousands	of apartments in ınventory (ICR Share) in NIS thousands	completion of the project after tax in thousands of (ICR Share) NIS thousands (5)
	Hatzofim Compound, Lod	310	262	1,450		92%	Approved urban building plan. The design plan was approved under conditions that do not delay the initiation of the permit application. Applications for an excavation and shoring permit have been opened for half of the complex (southern part), in light of the fact that this is a reconstruction project.	19,813	573,652	104,744	57,886
2	Dizengoff Hameyasdim, Netanya	101	129	528		93%	Approved urban building plan A design and construction plan is being prepared. An information file has been obtained. An application for an excavation and shoring permit has been submitted by ICR.	26,393	424,645	65,885	33,913
3	Gapnov Complex, Ashdod	756	288	4,306		89%	The local committee signed the plan documents and they were submitted to the district committee, and passed the preconditions.	23,488	1,370,979	225,909	110,502
এ	Rothschild, Bat Yam (**)	560	395	1,650	100% agreement trom the residents, sığnıng tınancıng	99%	A plan for the unification and division of the complex was approved. Additionally, the design plan for the complex was discussed by the local committee and conditionally approved	32,096	741,390	154,096	99,830
5	Katamonım, Jerusalem	440	295	800			agreements.	98%	An excavation and disposal permit was approved by the local committee in January 2025, and the planning team is working on fulfilling the conditions for receiving the permit. At the same time, an amended city building plan for additional floors and additional residential units (474 units instead of 440), was approved for submission to the local committee and submitted for public objections. A full permit application was received by the local committee.	32,691	1,074,394	184,359
6	86 Bar-Kochva Street, Herzliya	74	50	175	Approval of new city building	73%	The city building plan is under the authority of a local committee which is entrusted with its deposit. The planning team is currently working on completing the conditions for submitting the plan.	33,985	170,759	39,282	22,817
7	33-39 Brodetsky Street, Tel Aviv	166	70	l	plan and construction permit	96%	In October 2023, the design plan was approved, ICR submitted an application for building permits, which was approved by the committee.	50,383	413,770	79,922	49,004
8	Gordon (Rabbi Akiva), Herzliya	170	114	l		86%	A plan under the authority of a local committee. The city building plan was deposited on April 21, 2023 and approved for validity. ICR is currently working on a design and planning plan for a building permit.	33,861	349,542	68,996	38,083
9	Kukıs, Bat Yam	171	114	2,348		98%	The plan met the threshold conditions in the District Committee, awaiting the plan's inclusion for discussion and submission.	30,902	410,880	81,223	44,724
10	Katznelson, Yehud	923	651	450		89%	The city building plan was approved and the planning process has commenced for the approval of the complex design and construction plan. At the same time, a request was submitted to receive an information file.	26,271	1,669,596	188,463	67,963
11	Abba Hillel Rashi, Ramat Gan	200	128	370		85%	The city building plan has been approved for validity and the planning process has begun, together with the Ramat Gan Municipality to submit a design plan.	35,905	475,719	62,492	28,140

* Israel Canada holds 42.5% of ICR

** Tre Conpany is working to fill the confions preeder tark, to the ancelation of ageements with the land inch hights ho be included spursuant of the and

Summary of Data Estimate in Main Projects ICR

Urban renewal over 67% signatures (Table 3) (cont.)

			Project Description		Primary dependencies to start the project	Rate of tenants		Average sale price per sq.m,	Projected revenue	Projected gross profit of apartments in	Projected surplus balance at the completion of the
	Project name	in the projects	Apartments Apartments tor marketing	ടവ.m commercia l for marketing		who agreed and signed	Planning status	excl. VAT	(ICR's Share) in NIS thousands	inventory (ICR Share) in NIS thousands	project after tax in thousands of (ICR share) NIS thousands (5)
12	Salomon, Netanya	317	213	367		88%	The city building plan, under the authority of the Netanya Local Committee, is in the stage of coordination with the local authority.	26,863	675,240	105,514	50,518
13	Somken, Tel Aviv	454	292	400		73%	ICR prepared city building documents and they were submitted to the District Planning Bureau for a threshold condition review, which is currently underway.	30,884	850,928	165,220	88,779
14	Frug, Ramat Gan	385	237	l		78%	The plan is under the authority of a local committee. A pre- ruling is taking place with the local and district committees in preparation for selecting a preferred planning alternative.	36,443	782,020	134,937	68,819
15	Pininat Ayalon, Tel Aviv	137	୧୫	44,410	100% agreement from the residents, signing fınancıng	73%	ICR submitted zoning plan documents to the District Committee for the purpose of advancing the planning of the site. In coordination with the Tel Aviv Municipality, the submitted plan was continued and ICR is now working with the planning teams of the Tel Aviv Municipality	44,372	798,533	217,560	133,849
16	Meonot Sarah, Herzliya	(645)	401	1,078	agreements Approval of new city building plan	71%	Plan documents were submitted to the local committee to review threshold conditions.	36,185	1,337,632	251,289	133,651
	Hara-Negba, Ramat Gan	258	159	191	and construction permit	77%	The plan is under the authority of a local committee. A pre- rulıng is taking place with the local and district committees in preparation for selecting a preferred planning alternative.	32,822	519,237	78,820	36,210
18	Haifa Struma (Phase A)	826	622	500		76%			1,420,854	246,160	125,522
19	Haifa Struma (Phase B)	867	674	1,303		74%	The plan was submitted and published for public objections.	20,320	1,485,793	257,932	129,421
20	Haifa Struma (Phase C)	715	રકાર	,400		69%			1,236,860	207,257	101,753
21	Hahagana Road, Tel Aviv	346	218	500		67%	The plan is in the pre-ruling stage. Discussions are underway with the local authority on the matter.	31,171	642,863	137,936	77,120
22	Havered A, Or Yehuda	350	262	l		69%	The shadow plan was discussed by the local committee. ICR is working for the submission of the plan.	24,515	730,831	146,931	79,865
23	Mishmar Hayarden, Givatayim	290	178	l		69%	ICR began working to prepare a master plan under the authority of the District Committee. At this point, a pre-ruling vis-a-vis the local committee began.	42,060	688,940	132,293	70,291
	Total	9,551	6,675	62,226					18,845,057	3,337,220	1,747,253

* Israel Canada holds 42.5% of ICR

*** The Company is working to fulfill the conditions preceded and to the cancellation of ageements with the land rights holders pursuant to the provisions of the law.

Summary of Data Estimate in Main Projects ICR

Urban renewal under 67% signatures (Table 4)

Project name	Project Description									Projected surplus
	Apartmen ર in the project	Apartmen ાર in Marketing	Sq.m. Commerc al in Marketing	Primary dependencies to start the project		% Signatures Planning status	Average sale price per sq.m Excluding VAT	Projected revenue ICR Share	Projected gross profit ICR Share in NIS thousands in NIS thousands	balance After tax upon completion of the project NIS thousands 37
Havered B, Or Yehuda	350	262	l	100% agreement from the residents, signing financing agreements Approval of new city building plan and construction permit	50%	The shadow plan was discussed by the local committee. ICR is working for the submission of the plan.	24,515	732,044	144,366	77,628
Enzo Sereni, 2 Givatayim*	736	424	12,137		12%	A detailed city building plan has been approved in the district. ICR intends to promote a consolidation and division plan in the local committee.	39,274	928,029	187,356	101,892
Rabbi Akiva, Rasko, 3 Holon	492	309	330		64%	The plan was submitted and published for public objections. The objection period has ended and we are awaiting a hearing.	29,494	938,412	171,688	88,784
De Haas, ব Tel Aviv	29	19	288		61%	ICR intends to submit an application for a building permit according to the Tel Aviv neighborhood plan. Early planning to initiate a permit application.	59,483	116,504	31,896	19,510
Pinkas, 5 Tel Aviv	61	33	l		50%	ICR intends to submit building permits according to the Tel Aviv neighborhood plan. Early planning to initiate a permit application.	56,987	155,983	30,787	16,562
Har Zion/Ha'amal, ত Tel Aviv	117	50	35,100		29%	ICR intends to promote a detailed plan for the project in coordination with the Tel Aviv Municipality.	47,215	593,358	68,503	32,844
Pirchei Aviv, 7 Tel Aviv	215	129	36		43%	ICR intends to promote a detailed plan for the project in coordination with the Tel Aviv Municipality.	45,592	478,678	92,980	49,622
Hagibor Ha'almoni, യ Tel Aviv	180	100	383		66%	The plan is in the pre-ruling stage.	40,217	320,949	31,170	8,268
Sheshet Hayamim, ഗ Netanya	301	207	550		65%	The plan is in the pre-ruling stage with the local committee in order to select an agreed planning alternative.	26,959	599,699	103,291	51,583
Total	2,481	1,533	48,824					4,863,656	862,037	446,693

* ICR's share in the Enzo Sireni project in Givatayim – 50%.

* Israel Canada holds 42.5% of ICR

* The Company is working of the econdines preceived to the lancelation of ages met with the land ight he land ight holders pursuant of the law.

Summary of Data Estimate in Main Projects ICR

Footnotes

• 1. ICR is held by the Company at a rate of 42.5% indirectly, and appears in the financial statements under investment in associates.
• 1. On November 25, 204 / C. entered in a this party unleted to the Compay and on to sampling started on the real essee called "Ferch Hill ensexion" on onsideration fir a sun of NS 300 million plus V. Co. luxe 1, 2025, the conscion vere completed, therefor, the ennaining unpail or side on the prox. NY 250 million plus 1971 will be paid Company within 90 days from this date. For further details, see Note 5 (k) to the concents of Israel Canada Rem Projects Ltd, as of June 3, 2024.
• 1. On February 10. 2225, an agencer vas signed between in the real estate lection in 1 Avivand and the may for the sale of the real entry of the sale of the real end all 50% real state, in a otal of N.S. 5.5 million pix V.T. Dang the booking present to de continue precept of therefixe, during the mort of its thalance of the annual of appos. NS 6 million plus VAT was paid. For further details, see Note 3,4 to to commercy financial statements of Iranel Canada Ren Priests Ltd, and
• 1. The gross profit does not include the advertising and marketing costs of the project.
• 1. The project surplus balance represents the expected profit before tas, net of amounts released and drawn from the financing acount.
• 6 I shald e noved the Hein, Ber Ketharpied, Sales A and B vere plegat o a mistutional book of ann of the reasing be remains balance of the reach of the 20, 225 s ques. Nis 20 million. During bly 2025, after the balance of the balance of the loar and therefore the afformentioned pledges on the moved
• 1. Haefer Project Stop + and B The data of include connection to be Stage + fair vale in a total annual of sports. N'S 7 million and June 30, 2025.
• 8 In the Haudria Air Givannia and the essential proped portunant. The case on include commercial pass show aconding of for releving of for releving of for releving of for r million, as of June 30, 2025.
• 1. Noth Pat Sage A CC S since on the project is 35% in the habitation of 75% in the additional of 27 periodnation 177 aprometti. The also des on include commends space shown acceding to fir whe in a notal annut of appers. NS 2 million 3, 2025 / CRs stare). P.O.2 - On August 1, 2025, the Company received and shoring promit for this pot
• 1. It should be not that North Place I project is lieved to an machinanal both its the benefit of a loan receivel, whose balance as of June of June 30, 2025, is NSS 11 milli
• 11 North Park Sange B CC S share in the 12-26, which include 40 1 apartments The data does not makes and more and speces. Nove and announce to the value in the mount of any million, as of June 30, 2025 (ICR's share).
• 1. In the Semity, Inc., be sales contracts are conditional conditional coultions. «hish invide, anner and ining, obtaining a whilding permi. The sales contracts con be acces the conditions are not fulfilled in the period between 12 and 24 months from the sales agreement.
• 1. 12 Compound Project, Netanya Combination transaction, while ICR's share is approx. 55%.
• 1. Ha'ari Project, Netanya Combination transaction, while ICR's share is approx. 60%.
• 1. Noth Pate 30ge C CR s share in the process 100% include 250 percents, si 10%. The data deser and more conding to for while in annual v approx. NIS 25 million, as of June 30, 2025 (ICR's share).

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