Shikun & Binui

Legal Proceedings Report • Sep 30, 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.

SHIKUN & BINUI LTD.

Registry Number: 520036104

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T053 (Public) Transmitted via MAGNA: 30/09/2025 ISA Website: www.isa.gov.il TASE Website: www.tase.co.il Reference: 2025-01-073193

Immediate Report on an Event or Matter Deviating from the Corporation's Ordinary Business

Regulation 36 of the Securities Regulations (Periodic and Immediate Reports), 1970

Results of an issuance must be reported in T20 and not in this form.

Reporting on bond rating or corporation rating must be submitted via Form T125.

Report on:

[ ] Delayed report submission

Nature of the Event:

Update regarding the Group's activity in Poland

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.

1. Further to the disclosure in Note 4H to the financial statements for the second quarter of 2025, published on August 21, 2025 (Reference: 2025-01-062289), regarding the Group's conduct with its business partner in project companies in Poland (hereinafter: "the partner in Poland"), including in connection with liens that were unlawfully registered in favor of the partner in Poland on the shares of corporations holding the Group's projects in Poland (Tuberowa and Arkadia), as well as on shares in the corporation holding the Group's management company in Poland (together: "the corporations" and "the liens" or "the pledged shares", respectively), the Company hereby updates that on September 29, 2025, the competent court in Warsaw ordered several temporary remedies regarding the liens, until a final decision is made in the lawsuit filed for the annulment of the agreements under which the liens were registered (hereinafter: "the lien agreements"), as detailed below –

(1) Prohibition on the partner in Poland from exercising the rights arising from the lien agreements, in particular from making declarations regarding ownership of the pledged shares.

(2) Suspension of the performance of obligations and the validity of certain prohibitions in the lien agreements, such as: not to dispose of the pledged shares and not to exercise the voting rights related to the pledged shares.

(3) Prohibition on the partner in Poland from entering into agreements for the sale or further pledging of the pledged shares.

(4) Prohibition on the partner in Poland from exercising corporate rights related to the pledged shares.

It should be noted that the Company continues to act to protect its rights and assets in Poland.

• 1. The date and time the corporation first became aware of the event or matter: 29/09/2025 at 21:05.
• 1. If the report was delayed the reason for the delay:
• 1. On the date and at the time the reporting restriction was lifted: _________ at _________ the restriction was removed.
• 1. The company is a shell company as defined in the TASE regulations.

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.

Details of the authorized signatories on behalf of the corporation:

#	Name	Position
1	Amit Bierman	CEO
2	Hila Tirosh	Other (VP Legal Counsel)

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 document references on the subject (the mention does not constitute incorporation by reference):

The corporation's securities are listed for trading on the Tel Aviv Stock Exchange

Short name: SHIKUN & BINUI LTD.

Address: HaYarden 1A, Airport City, 70100 Phone: 03-6301111 Fax: 03-6301595

Email: hilat@shikunbinui.com Company website: http://www.shikunbinui.co.il

Previous names of the reporting entity: SHIKUN & BINUI HOLDINGS LTD.

Electronic reporter name: Tirosh-Ankri Hila Position: Legal Advisor and Company Secretary Employer company name: SHIKUN & BINUI LTD.

Address: HaYarden 1, Kiryat Sde HaTeufa, 70100 Phone: 03-6301517 Fax: 03-6301520 Email: hilat@shikunbinui.com

Form structure update date: 06/08/2024