Isrotel Ltd.

Share Issue/Capital Change • Oct 16, 2025

ISROTEL LTD.

ISROTEL LTD.

Registration Number: 520042482

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T087 (Public)

Transmitted via MAGNA: 16/10/2025 Reference: 2025-01-076144

Capital Structure, Grant of Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change:

Issuance	of shares	following the	exercise of	(non-tradable)	options

Explanation: Please briefly describe the nature of the change.

Reference numbers of previous reports on the subject:
, ,

1. The Corporation's Securities Position After the Change:

Name and Type of Security	Security Number on TASE	Quantity in Registered Capital	Issued and Paid-Up Capital	Quantity Registered in the Name of the Registration Company
Ordinary Share	1080985	80,000,000	Last Report: 59,883,088	59,918,158
			Current: 59,918,159
2018 Warrants	1152552	0	Last Report: 2,216,126	0
			Current: 2,126,172
Blocked Share Units (RSU)	1212430	0	Last Report: 25,384	0
			Current: 25,384
Options for Shares - Other	1212422	0	Last Report: 25,253	0
			Current: 25,253

Explanation: All securities of the company must be detailed, including securities not listed for trading.

2. The Corporation Announces That:

From date: 09/08/2025 to date: 30/09/2025

A change occurred in the quantity and in the register of holders of the corporation's securities (including rights to purchase shares) as a result of:

Description of the nature of the change: Issuance of shares following the exercise of (nontradable) options

Explanation: Please describe all details of the transaction or action that caused the change in the corporation's securities.

Details of the Registered Holders for Whom the Change Occurred:

1. Name of registered holder: Mizrahi Tefahot Registration Company Ltd.

Type of ID: Number in the	Israeli Companies	Registrar ID Number:	510422249	Nature of the
change: Exercise of options	Date of change:	02/09/2025 Executed	via TASE	clearing house:
No Type and name of	security: ISROTEL LTD.	Ordinary Share	Security number	on TASE:
1080985 Holder's balance	in the last report:	59,883,088 Holder's	balance	after the change:
59,884,347 Total quantity	of securities	increased/decreased:	1,259 Is this a	grant of rights to
purchase shares: No Total	consideration for	allocated securities:		Security number on
TASE of the share resulting	from the exercise:	Number	of shares	resulting from full
exercise/conversion:	Total additional	consideration from	full	exercise/conversion:
Period in which	the security can be	exercised:	From date:	to
date: Allocated	securities will be	registered for trading:		The allocation is a
continuation of:	published on: ,	reference	number:	[ ] The
security was fully paid and	the consideration	was fully received.	(checked)	[ ] The security
was fully paid, but the	consideration was not	fully received. [ ]	Issued for	ATM program
purposes [ ] Other:

Type of ID: Number in the Israeli Companies Registrar ID Number: 515020428 Nature of the
change: Exercise of options Date of change: 02/09/2025 Executed via TASE clearing house:
No Type and name of security: 2018 Warrants Security number on TASE: 1152552 Holder's
balance in the last report: 2,216,126 Holder's balance after the change: 2,213,412 Total
quantity of securities increased/decreased: 2,714 Is this a grant of rights to purchase shares:
No Total consideration for allocated securities: Security number on TASE of the
share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program
purposes [ ] Other:
3. Name of registered holder: Mizrahi Tefahot Registration Company Ltd.
Type of ID: Number in the Israeli Companies Registrar ID Number: 510422249 Nature of the
change: Exercise of options Date of change: 07/09/2025 Executed via TASE clearing house:
No Type and name of security: ISROTEL LTD. Ordinary Share Security number on TASE:
1080985 Holder's balance in the last report: 59,884,347 Holder's balance after the change:
59,894,257 Total quantity of securities increased/decreased: 9,910 Is this a grant of rights to
purchase shares: No Total consideration for allocated securities: Security number on
TASE of the share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program
purposes [ ] Other:

Type of ID: Number in the Israeli Companies Registrar ID Number: 515020428 Nature of the
change: Exercise of options Date of change: 07/09/2025 Executed via TASE clearing house:
No Type and name of security: 2018 Warrants Security number on TASE: 1152552 Holder's
balance in the last report: 2,213,412 Holder's balance after the change: 2,192,333 Total
quantity of securities increased/decreased: 21,079 Is this a grant of rights to purchase
shares: No Total consideration for allocated securities: Security number on TASE of
the share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program
purposes [ ] Other:
5. Name of registered holder: Mizrahi Tefahot Registration Company Ltd.
Type of ID: Number in the Israeli Companies Registrar ID Number: 510422249 Nature of the
change: Exercise of options Date of change: 09/09/2025 Executed via TASE clearing house:
No Type and name of security: ISROTEL LTD. Ordinary Share Security number on TASE:
1080985 Holder's balance in the last report: 59,894,257 Holder's balance after the change:
59,906,787 Total quantity of securities increased/decreased: 12,530 Is this a grant of rights to
purchase shares: No Total consideration for allocated securities: Security number on
TASE of the share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program
purposes [ ] Other:

Type of ID: Number in the Israeli Companies Registrar ID Number: 515020428 Nature of the
change: Exercise of options Date of change: 09/09/2025 Executed via TASE clearing house:
No Type and name of security: 2018 Warrants Security number on TASE: 1152552 Holder's
balance in the last report: 2,192,333 Holder's balance after the change: 2,157,908 Total
quantity of securities increased/decreased: 34,425 Is this a grant of rights to purchase
shares: No Total consideration for allocated securities: Security number on TASE of
the share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program
purposes [ ] Other:
7. Name of registered holder: Mizrahi Tefahot Registration Company Ltd.
Type of ID: Number in the Israeli Companies Registrar ID Number: 510422249 Nature of the
change: Exercise of options Date of change: 11/09/2025 Executed via TASE clearing house:
No Type and name of security: ISROTEL LTD. Ordinary Share Security number on TASE:
1080985 Holder's balance in the last report: 59,906,787 Holder's balance after the change:
59,916,646 Total quantity of securities increased/decreased: 9,859 Is this a grant of rights to
purchase shares: No Total consideration for allocated securities: Security number on
TASE of the share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program
purposes [ ] Other:

Type of ID: Number in the Israeli Companies Registrar ID Number: 515020428 Nature of the
change: Exercise of options Date of change: 11/09/2025 Executed via TASE clearing house:
No Type and name of security: 2018 Warrants Security number on TASE: 1152552 Holder's
balance in the last report: 2,157,908 Holder's balance after the change: 2,132,192 Total
quantity of securities increased/decreased: 25,716 Is this a grant of rights to purchase
shares: No Total consideration for allocated securities: Security number on TASE of
the share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program
purposes [ ] Other:
9. Name of registered holder: Mizrahi Tefahot Registration Company Ltd.
Type of ID: Number in the Israeli Companies Registrar ID Number: 510422249 Nature of the
change: Exercise of options Date of change: 15/09/2025 Executed via TASE clearing house:
No Type and name of security: ISROTEL LTD. Ordinary Share Security number on TASE:
1080985 Holder's balance in the last report: 59,916,646 Holder's balance after the change:
59,917,007 Total quantity of securities increased/decreased: 361 Is this a grant of rights to
purchase shares: No Total consideration for allocated securities: Security number on
TASE of the share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program
purposes [ ] Other:

change: Exercise of options Date of change: 15/09/2025 Executed via TASE clearing house: No Type and name of security: 2018 Warrants Security number on TASE: 1152552 Holder's balance in the last report: 2,132,192 Holder's balance after the change: 2,131,501 Total quantity of securities increased/decreased: 691 Is this a grant of rights to purchase shares: No Total consideration for allocated securities: Security number on TASE of the share resulting from the exercise: Number of shares resulting from full exercise/conversion: Total additional consideration from full exercise/conversion: Period in which the security can be exercised: From date: to date: Allocated securities will be registered for trading: The allocation is a continuation of: published on: , reference number: [ ] The security was fully paid and the consideration was fully received. (checked) [ ] The security was fully paid, but the consideration was not fully received. [ ] Issued for ATM program purposes [ ] Other: 11. Name of registered holder: Mizrahi Tefahot Registration Company Ltd. Type of ID: Number in the Israeli Companies Registrar ID Number: 510422249 Nature of the change: Exercise of options Date of change: 17/09/2025 Executed via TASE clearing house: No Type and name of security: ISROTEL LTD. Ordinary Share Security number on TASE: 1080985 Holder's balance in the last report: 59,917,007 Holder's balance after the change: 59,918,159 Total quantity of securities increased/decreased: 1,152 Is this a grant of rights to purchase shares: No Total consideration for allocated securities: Security number on TASE of the share resulting from the exercise: Number of shares resulting from full
exercise/conversion: Total additional consideration from full exercise/conversion:
Period in which the security can be exercised: From date: to
date: Allocated securities will be registered for trading: The allocation is a
continuation of: published on: , reference number: [ ] The
security was fully paid and the consideration was fully received. (checked) [ ] The security
was fully paid, but the consideration was not fully received. [ ] Issued for ATM program

1. Name of registered holder: I.B.I. Trust Management

purposes [ ] Other: _________

Type of ID: Number in the Israeli Companies Registrar ID Number: 515020428 Nature of the change: Exercise of options Date of change: 17/09/2025 Executed via TASE clearing house: No Type and name of security: 2018 Warrants Security number on TASE: 1152552 Holder's balance in the last report: 2,131,501 Holder's balance after the change: 2,129,251 Total quantity of securities increased/decreased: 2,250 Is this a grant of rights to purchase shares: No Total consideration for allocated securities: _________ Security number on TASE of the share resulting from the exercise: _________ Number of shares resulting from full exercise/conversion: _________ Total additional consideration from full exercise/conversion: _________ Period in which the security can be exercised: _________ From date: _________ to date: _________ Allocated securities will be registered for trading: _________ The allocation is a continuation of: _________ published on: _________, reference number: _________ [ ] The security was fully paid and the consideration was fully received. (checked) [ ] The security was fully paid, but the consideration was not fully received. [ ] Issued for ATM program purposes [ ] Other: _________ Explanations: 1. If the change affects more than one security, the effect of the change must be detailed in a separate row for each security. 2. Date of change – all changes of the same type, in the same security, performed on the same day, will be summarized in one row. For this purpose – changes performed through the TASE clearing house must be separated from changes performed directly in the company's books. 3. The change – for a decrease, add the sign "-". 4. In all quantity fields, the quantity of securities must be entered, not NIS par value. Only a change in the register of holders of the corporation's securities occurred (without a change in the quantity of the corporation's securities) as a result of: Description of the nature of the change: _________ Explanation: Please describe all details of the transaction or action that caused the change in the register. Details of the Registered Holders for Whom the Change Occurred: 1. Name of registered holder: _________ Type of ID: _________ ID Number: _________ Date of 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.

change: _________ Executed via TASE clearing house: _________ Type and name of security:

_________ Security number on TASE: _________ Quantity of change: _________ Holder's

balance after the change: _________

3. Main Shareholder Register as of the Reporting Date:

No.	Name of Registered Shareholder	Type of ID	ID Number	Security Number on TASE	Type and Par Value of Shares	Number of Shares	Holds Shares as Trustee
1	Mizrahi Tefahot Registration Company Ltd.	Number in the Israeli Companies Registrar	510422249	1080985	Ordinary shares of 1 NIS par value	59,918,158	No
2	Yehuda Bar Lev	ID Card Number	64837198	1080985	Ordinary shares of 1 NIS par value	1	No

• 1. Attached is a file of the shareholder register in accordance with Section 130 of the Companies Law, 1999.
• 1. Attached is an updated file of the corporation's securities registers, including the register of option holders and the register of bondholders: marshamniashlisrotel300925_isa.pdf

Details of the authorized signatories on behalf of the corporation:

No.	Name of Signatory	Position
1	Asaf Beck	Other (Legal Counsel, Company Secretary, and Business Development Manager)

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.

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange

Form structure update date: 06/08/2024

Short name: ISROTEL

Address: 29 HaMered St., Tel Aviv 6812511 Phone: 03-5197777, 03-5197758 Fax: 03-5104646

Email: beckasaf@isrotel.co.il

Previous names of the reporting entity: King Solomon's Palace Hotel Ltd.

Electronic reporter name: Cohen Mirit Position: Accountant Employer company name: ISROTEL LTD.

Address: 8 Yitzhak Sadeh St., Tel Aviv 6777508 Phone: 03-5197700 Fax: 03-5104646 Email: mirit@isrotel.co.il