Paz Oil Company Ltd.

Major Shareholding Notification • Oct 20, 2025

PAZ RETAIL AND ENERGY LTD

Immediate Report on the Holdings of Interested Parties and Senior Officers

Regulation 33(c)-(d) of the Securities Regulations (Periodic and Immediate Reports), 1970
Reference Numbers of Previous Reports on the Subject: , ,
Below is the status as of 30/09/2025:

A. Interested Parties in the Corporation (including CEO and directors, and any other employee holding five percent or more of the issued share capital or voting power):

Holder Number	Holder Name	Name, Type, and Series of Security	Updated Quantity of Securities	Holding Percentage	Holding Percentage (Full Dilution)
1	PAZ RETAIL AND ENERGY LTD.	Ordinary shares of 5 NIS par value each - Dormant	3,098,769	0.00% equity, 0.00% voting	0.00% equity, 0.00% voting
2	Harel Locker	Paz Ener App - Warrants (Unlisted)	39,322	0.00% equity, 0.00% voting	0.35% equity, 0.35% voting
3	Nir Sztern	Ordinary shares of 5 NIS par value each	1,500	0.01% equity, 0.01% voting	0.01% equity, 0.01% voting
4	Nir Sztern	Paz Ener App - Warrants (Unlisted)	67,415	0.00% equity, 0.00% voting	0.61% equity, 0.61% voting

Total holding percentage:

Total Holding	Equity %	Voting %	Fully Diluted Equity %	Fully Diluted Voting %
	53.65	53.65	52.67	52.67

B. Senior Officers in the Corporation (excluding CEO and directors, and any other employee holding five percent or more of the issued share capital or voting power):

• Do not hold securities of the corporation.
• Below is the status of holdings of senior officers in the corporation:

Holder Number	Holder Name	Name, Type, and Series of Security	Updated Quantity of Securities	Holding Percentage	Holding Percentage (Full Dilution)
58	Israel Klepper	Paz Ener App - Warrants (Unlisted)	20,509	0.00% equity, 0.00% voting	0.18% equity, 0.18% voting
59	Shlomi Fruhling	Ordinary shares of 5 NIS par value each	287	0.00% equity, 0.00% voting	0.00% equity, 0.00% voting
60	Shlomi Fruhling	Paz Ener App - Warrants (Unlisted)	31,755	0.00% equity, 0.00% voting	0.29% equity, 0.29% voting

Total holding percentage:

Total Holding	Equity %	Voting %	Fully Diluted Equity %	Fully Diluted Voting %
	0	0	1.67	1.67

Explanations:

• 1. It is required to report also on the holding of other securities, including those not listed for trading.
• 1. If the interested party holds more than one type of security in the corporation, the holding percentage (including full dilution) should be stated considering all securities held by him in a single row.
• 1. This form should detail the holdings of all interested parties, including those whose holdings have not changed.
• 1. If the interested party is a controlled company with significant activity for the corporation, the holdings should be split between shares acquired before the Companies Law, 1999 came into effect (granting rights in capital and voting) and shares acquired after (dormant shares).
• 1. If the interested party is a corporation, also state the first name(s) of the ultimate controlling shareholder(s) in this corporation. If there is no controlling shareholder, provide details of the interested parties in it.
• 1. If a senior officer holds five percent or more of the issued share capital or voting power, his holdings should be detailed in the "Interested Parties" table as specified in section A above.
• 1. If the interested party or senior officer also holds securities in a company controlled by him, if its activities are significant to the corporation, details of these holdings should be provided in the "Remarks" field in the holder's details.

Holder Details

Example Holder

								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.

• Holder Name: PAZ RETAIL AND ENERGY LTD.
• Holder Name in English (as in passport): Paz Retail And Energy Ltd.
• Holder Number: 1
• Holder Type: Reporting Corporation
• Type of ID Number: Israeli Companies Registrar Number
• ID Number: 510216054
• Controlling Shareholder: See below for details on the controlling shareholder in the corporation.
• Citizenship/ Country of Incorporation or Registration: Incorporated in Israel
• Is the holder acting as a representative for reporting purposes for several shareholders holding together securities of the corporation? No
• Is the holder allowed to report changes in holdings cumulatively? No
• Are the held shares dormant shares? Yes
• Security Number on the Stock Exchange: 1100007
• Balance in previous central report (quantity of securities): 3,098,769
• Change in quantity of securities: 0
• Maximum holding rate during the report period (%): 0.00
• Minimum holding rate during the report period (%): 0.00
• Remarks: The shares are dormant shares held by the company itself. They are not included in the count of votes and do not grant any voting rights at the company's shareholders' meetings.

At the time of submission of this report and according to the law, is there a controlling shareholder in the corporation?

Yes
No
Other:
Controlling shareholder in the corporation is:
Total holding percentage (%) in the corporation's capital by all controlling shareholders:

Details of authorized signatories on behalf of the corporation:

#	Name	Position
1	Anat Rothschild	Other: Deputy CEO, Chief Legal Counsel, and Company Secretary
2	Masha (Maria) Berkovich	Other: Attorney

Note: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the subject can be found on the Authority's website: Click here.

The details specified in this report, including those regarding controlling shareholders in the company's interested parties, are according to data provided to the company from time to time by the interested parties. The company is a company without a controlling core.

Previous names of the reporting entity: Paz Oil Company Ltd.

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

Electronic reporter name: 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

Glossary:

• controlling shareholder controlling shareholder
• regarding regarding
• commercial papers commercial papers
• par value par value
• security security
• warrant warrant
• warrants warrants
• results results
• partnership partnership
• technology technology
• ordinary share ordinary share
• dividend dividend
• agorot agorot
• Participating unit Participating unit

Note: This translation omits screenshots and only includes text and tables. All company names and glossary terms have been translated as requested.