Major Shareholding Notification • Oct 9, 2025
Major Shareholding Notification
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OIL REFINERIES LTD.
Registration Number: 520036658
To: Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T076 (Public) Transmitted via MAGNA: 09/10/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01- 074456
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. To report 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.
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| first Name of corporation/Last name and name of holder: Guy Liberman Type of |
|---|
| identification identification number: Holder's number: Identity card number |
| officer 060938032 Type of holder: Senior 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 behalf of several shareholders |
| holding securities of the corporation together with him? Name of controlling No |
| Identification shareholder in the interested party: _ 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: |
| Name and type of security: Nature of change: 1193549 Employee Option 11/22 |
| Decrease Nature of change (additional): Nature of change (further): |
| Is this a change Convertible securities due to their conversion to shares or their redemption |
| in a single transaction or multiple transactions (cumulative change): Single |
| transaction Date of change: 08/10/2025 Transaction rate: 0 Agorot Are these dormant |
| shares or securities convertible to dormant shares: Balance (in number of No |
| securities) in the last report: 3,000,000 Holding percentage of total securities of the |
| same type in the last report: Change in quantity of securities: 100% 2,000,000- |
| Current balance (in number of securities): 1,000,000 Current holding percentage of |
| total securities of the same type: 100% Holding percentage after the change: In |
| capital: In voting rights: Explanation: 0% 0% The holding percentage after the change |
| does not refer to convertible securities. Holding percentage after the change on a fully |
| diluted basis: In capital: In voting rights: Note number: 0.03% 0.03% 1 |
| first Name of corporation/Last name and name of holder: Guy Liberman Type of |
|---|
| identification number: Holder's identification number: Identity card number |
| officer 060938032 Type of holder: Senior who is not a CEO or director and is not an |
| Does the hedge fund have the right to appoint a interested party by virtue of holdings |
| director or representative to the company's board? Is the holder acting as |
| a representative for the purpose of reporting on behalf of several shareholders |
| holding securities of the corporation together with him? Name of controlling No |
| Identification shareholder in the interested party: - 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: |
| Name and type of security: Nature of 2590248 Ordinary share of 1 NIS par value |
| change: Decrease Nature of change (additional): Nature of change |
| (further): Is this a change in a single transaction or Due to sale on the stock exchange |
| multiple transactions (cumulative change): Multiple transactions Date of change: |
| Transaction rate: Are these dormant shares or securities 08/10/2025 90 Agorot |
| convertible to dormant shares: No Balance (in number of securities) in the last |
| report: 110,630 Holding percentage of total securities of the same type in the last |
| report: Change in quantity of securities: Current balance (in number of 0% 110,630- |
| securities): 0 Current holding percentage of total securities of the same type: 0% |
| Holding percentage after the change: In capital: In voting rights: 0% 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: |
Note: If the value 'increase due to forced purchase of loaned securities' or 'decrease due to forced sale of loaned securities' is selected, 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 | |
|---|---|---|
| The allocation of shares was made according to the cashless exercise mechanism, benefit 1 according to the cash amount embedded in the options only. After their allocation as detailed in section 2, the shares were sold as detailed in section |
| 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: |
| Name of Signatory |
Position | |
|---|---|---|
| 1 | Mr. Eliyahu Morduch |
Company Secretary |
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.
Previous reference numbers of 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
Form structure update date: 04/02/2025
Short name: OIL REFINERIES LTD.
Address: P.O. Box 4, Haifa 3100001 Phone: 04-8788135, 04-8788115 Fax: 073-2928115
Email: [email protected] Company website: https://www.bazan.co.il/
Previous names of the reporting entity:
Electronic reporter name: Uri Burla Noa Position: Legal Advisor Employer company name: Address: Oil Refineries Complex, P.O. Box 4, Haifa 3100001 Phone: 04-8788359 Fax: Email: [email protected]
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