Big Shopping Centers Ltd.

Share Issue/Capital Change • Oct 20, 2025

Exercise of Employee Options and Exercise of Warrants (Series 7)

BIG SHOPPING CENTERS LTD

Registry Number: 513623314

To:

Israel Securities Authority (www.isa.gov.il)

TEL AVIV STOCK EXCHANGE LTD (www.tase.co.il)

Form Number: T087 (Public)

MAGNA Transmission Date: 20/10/2025

Reference: 2025-01-077772

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

Regulation 31E to the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 31(a) to the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 31(b1) to the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 32 to the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of Change:

Exercise of employee options and exercise of warrants (Series 7)

Explanation: Please briefly describe the nature of the change.

disclaimer. Reference numbers of previous reports on the subject: , ,
1. The Corporation's Securities Register After the Change:

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

Name and Type of Security	TASE Security Number	Amount in Registered Capital	Issued and Paid-Up Capital	Last Reported Amount	Current Amount	Amount Registered in the Name of the Registration Company
BIG SHOPPING CENTERS LTD Shares	1097260	420,000,000	24,908,426	24,982,200	24,982,190
Bonds (Series 8)	1138924	0	451,154,755	451,154,755	451,154,755
Bonds (Series 9)	1141050	0	336,751,670	336,751,670	336,751,670
Bonds (Series 11)	1151117	0	500,461,875	500,461,875	500,461,875
Bonds (Series 12)	1156231	0	602,960,150	602,960,150	602,960,150
BIG AP 01- 19	1156686	0	8,167	8,167	0
Bonds (Series 13)	1159516	0	579,958,000	579,958,000	579,958,000
Bonds (Series 14)	1161512	0	300,000,000	300,000,000	300,000,000
Bonds (Series 15)	1162221	0	688,571,520	688,571,520	688,571,520
Bonds (Series 16)	1168442	0	156,800,000	156,800,000	156,800,000
Bonds (Series 17)	1168459	0	176,000,000	176,000,000	176,000,000
Bonds (Series 18)	1174226	0	1,125,000,001	1,125,000,001	1,125,000,001
Bonds (Series 19)	1181007	0	318,400,000	318,400,000	318,400,000

Name and Type of Security	TASE Security Number	Amount in Registered Capital	Issued and Paid-Up Capital	Last Reported Amount	Current Amount	Amount Registered in the Name of the Registration Company
Bonds (Series 20)	1186188	0	976,934,127	976,934,127	976,934,127
BIG AP 09- 22	1190149	0	334,356	239,070	0
BIG AP Others	1194794	0	23,183	23,183	0
BIG AP Employees	1201722	0	712,416	712,416	0
Commercial Papers Series 3	1201490	0	150,000,000	150,000,000	150,000,000
Bonds (Series 21)	1202217	0	536,000,000	536,000,000	536,000,000
Warrants (Series 7)	1214345	0	848,100	827,481	827,481
Commercial Papers Series 5	1223114	0	250,000,000	250,000,000	250,000,000
Bonds (Series 22)	1224948	0	235,000,000	235,000,000	235,000,000
Bonds (Series 23)	1224955	0	343,000,000	343,000,000	343,000,000
Bonds (Series 24)	1227032	0	1,081,374,000	1,081,374,000	1,081,374,000

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

2. The Corporation Announces That:

• On the date: 19/10/2025
• There was a change 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: Exercise of employee options and exercise of warrants (Series 7)

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

Details of the Change (Selected Rows):

1. Registered Holder: Altshuler Trustees Ltd.

Type of ID: Company number in Israel

ID Number: 513901330

Nature of Change: Exercise of options

Date of Change: 19/10/2025

Executed via TASE Clearing House: Yes

Type and Name of Security: BIG AP 09-22

TASE Security Number: 1190149

Holder's Balance in Last Report: 334,356

Holder's Balance After Change: 239,070

Total Change in Quantity: 95,286

Is this a grant of rights to purchase shares: No

Security was fully paid and consideration received.

1. Registered Holder: Registration Company of the TEL AVIV STOCK EXCHANGE LTD

Type of ID: Company number in Israel

ID Number: 515736817

Nature of Change: Exercise of options

Date of Change: 19/10/2025

Executed via TASE Clearing House: Yes

Type and Name of Security: Warrants (Series 7)

TASE Security Number: 1214345

Holder's Balance in Last Report: 848,100

Holder's Balance After Change: 827,481

Total Change in Quantity: 20,619

Is this a grant of rights to purchase shares: No

Security was fully paid and consideration received.

1. Registered Holder: Registration Company of the TEL AVIV STOCK EXCHANGE LTD

Type of ID: Company number in Israel

ID Number: 515736817

Nature of Change: Exercise of options

Date of Change: 19/10/2025

Executed via TASE Clearing House: Yes

Type and Name of Security: BIG SHOPPING CENTERS LTD Shares

TASE Security Number: 1097260

Holder's Balance in Last Report: 24,908,416

Holder's Balance After Change: 24,929,035

Total Change in Quantity: 20,619

Is this a grant of rights to purchase shares: No

Security was fully paid and consideration received.

1. Registered Holder: Registration Company of the TEL AVIV STOCK EXCHANGE LTD

Type of ID: Company number in Israel

ID Number: 515736817

Nature of Change: Exercise of options

Date of Change: 19/10/2025

Executed via TASE Clearing House: Yes

Type and Name of Security: BIG SHOPPING CENTERS LTD Shares

TASE Security Number: 1097260

Holder's Balance in Last Report: 24,929,035

Holder's Balance After Change: 24,982,190

Total Change in Quantity: 53,155

Is this a grant of rights to purchase shares: No

Security was fully paid and consideration received.

Explanations:

• 1. If the change affects more than one security, the effect of the change should be detailed in a separate row for each security.
• 1. Date of change all changes of the same type, in the same security, performed on the same day, should be summarized in one row. For this purpose – changes made through the TASE Clearing House should be separated from those made directly in the company's books.
• 1. For a decrease, add the sign "-".
• 1. All quantity fields should indicate the number of securities, not par value in NIS.

3. Main Shareholder Register as of the Reporting Date:

No.	Name of Registered Shareholder	Type of ID	ID Number	TASE Security Number	Type of Shares and Par Value	Number of Shares	Holds Shares as Trustee
1

4. Attached is a file of the shareholder register in accordance with Section 130 of the Companies Law, 1999

Shareholder Register 19 October 2025 (PDF)

Alt text: Link to the PDF file of the shareholder register as of October 19, 2025.

5. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of bondholders

Securities Register 19 October 2025 (PDF)

Alt text: Link to the PDF file of the updated securities register as of October 19, 2025.

Details of Authorized Signatories for the Corporation:

No.	Name of Signatory	Position
1	Efrat Hayut Mark	Other (Legal Advisor and Company Secretary)

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. Staff 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 LTD

Short Name: BIG SHOPPING CENTERS LTD

Address: Allied Cities Tower, 26th Floor, 0, Ramat Hasharon, 4713402 Phone: 073-2600420,

073-2600442 Fax: 073-2600426 Email: assaf@bigcenters.co.il Company Website:

www.bigcenters.co.il

Previous Names of Reporting Entity: BIG SHOPPING CENTERS (2004) LTD

Electronic Reporter Name: Efrat Hayut Mark Position: Legal Advisor and Company Secretary Address: Allied Cities Tower, 26th Floor, 0, Ramat Hasharon, 4713402 Phone:

073-2600407 Fax: 073-2600507 Email: efratm@bigcenters.co.il

Form Structure Update Date: 06/08/2024