Paz Oil Company Ltd.

Major Shareholding Notification • Oct 9, 2025

PAZ RETAIL AND ENERGY LTD.

Registry Number: 510216054

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T076 (Public) Sent via MAGNA: 08/10/2025

Israel Securities Authority Website: www.isa.gov.il Tel Aviv Stock Exchange Website: www.tase.co.il

Reference: 2025-01-074446

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting changes in holdings of securities of the reporting corporation only. For reporting changes in holdings of securities of a subsidiary of the reporting corporation, if its activity is material to the activity of the reporting corporation, use Form T121.

• Name of corporation / Surname and first name of holder: Ofir Inbar
• Type of identification number: Identity card number
• Holder's identification number: 033634999
• Type of holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative to the company's board? _________
• Is the holder acting as a representative for the purpose of reporting on several shareholders holding securities of the corporation together with him? No
• Name of controlling shareholder in the interested party: --
• Identification number of controlling shareholder in the interested party: ---
• Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship
• Country of citizenship / incorporation or registration: _________
• Security number on the stock exchange: 1175157
• Name and type of security: Paz Neft AP Warrants (unlisted)
• Nature of change: Decrease
• In convertible securities due to their conversion to shares or their redemption
• Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was carried out in this way.
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 08/10/2025
• Transaction rate: 69,300 agorot
• Are these dormant shares or securities convertible to dormant shares: No
• Balance (in quantity of securities) in the last report: 21,307
• Holding percentage of total securities of the same type in the last report: 4.46%
• Change in quantity of securities: -132
• Current balance (in quantity of securities): 21,175
• Current holding percentage of total securities of the same type: 5.25%
• Holding percentage after the change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0.19% In voting rights: 0.19%

Note number: 1

Note: If an increase is selected due to a forced purchase of loaned securities or a decrease due to a forced sale of loaned securities, then loaned securities that were not returned to the lender and thus the lending action became a forced purchase and the lending action a forced sale.

No.	Note
1	The transaction rate refers to the sale of 89 ordinary shares resulting from the exercise of 132 non-tradable warrants.

1. Was the entire consideration paid at the time of the change? Yes

If not all the consideration was paid at the time of the change, please specify the date of completion of the payment: _________

1. If the change is by way of signing a loan agreement, please specify details regarding the manner of ending the loan: _________

Explanation: The holding percentages should be stated taking into account all securities held by the interested party.

• 1. The date and time the corporation first became aware of the event or matter: 08/10/2025 at 15:11
• 1. Details of the actions that caused the change: _________

Details of the authorized signatories on behalf of the corporation:

No.	Name	Position
1	Anat Rothschild	Other (VP, Chief Legal Counsel and Corporate Secretary)
2	Masha (Maria) Berkovich	Other (Attorney)

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations shall 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: Berkovich Maria

Position: Attorney / Legal Advisor

Employer company name:

Address: Greenwork D, Yakum, 6097200

Phone: 054-5369439 Email: mashab@paz.co.il

Form structure update date: 04/02/2025