Mivne Real Estate (K.D.) Ltd.

Capital/Financing Update • Oct 21, 2025

MIVNE REAL ESTATE (K.D) LTD

("the Company")

October 20, 2025

To:

Israel Securities Authority Via MAGNA

TEL AVIV STOCK EXCHANGE LTD Via MAYA

www.isa.gov.il www.tase.co.il

Subject: Notice of Results of Bond Issuance (Series 26 according to Shelf Offering Report dated October 19, 2025)

Pursuant to Section 30 of the Securities Law, 1968, and in accordance with the Securities Regulations (Notice of Results of the Prospectus Offering), 1969, the Company is honored to hereby announce the results of the issuance according to the Company's Shelf Offering Report dated October 19, 2025 [¹⁰¹] ("the Shelf Offering Report"), published pursuant to the Company's Shelf Prospectus dated May 26, 2025. [¹⁰²]

• 1. According to the Shelf Offering Report, up to NIS 1,001,976,000 par value of bonds (Series 26 of the Company, registered, each with a par value of NIS 1 ("the Bonds (Series 26)"), were offered to the public by way of an expansion of the Bonds (Series 26) listed for trading on the TEL AVIV STOCK EXCHANGE LTD.
• 1. The Bonds (Series 26) were offered to the public in a uniform offering of 1,001,976 units, by way of a tender on the unit price, where each unit consists of NIS 1,000 par value of Bonds (Series 26), and the price of each unit shall not be less than NIS 1,072, all in accordance with and subject to the terms detailed in the Shelf Offering Report.
• 1. The offering of the units was not underwritten.
• 1. The results of the tender held on October 20, 2025 ("the Tender") are as follows:

• 4.1 In the tender, 69 orders were received for the purchase of 905,328 units, for a total financial amount of NIS 970.5 million.

• Of the orders received, 68 orders for the purchase of 905,235 units were received from classified investors according to prior commitment, and one order for the purchase of 93 units was received from the public.
• 4.2 The unit price determined in the tender is NIS 1,072 ("the Determined Unit Price").
• 1. According to the results of the tender, a total of 905,235 units were allocated, including NIS 905,235,000 par value of Bonds (Series 26). The allocation of the units was made, in accordance with Section 1.4 of Appendix A to the Shelf Offering Report, as follows:

5.1

58 orders from classified investors for the purchase of 778,915 units, in which a price higher than the Determined Unit Price was specified – were accepted at a rate of approximately 99.99%;

5.2

10 orders from classified investors for the purchase of 126,320 units in which a price equal to the Determined Unit Price was specified – were accepted at a rate of approximately 99.99%;

5.3

One order from the public for the purchase of 93 units in which a price equal to the Determined Unit Price was specified – was fully accepted;

6.

The immediate gross proceeds that the Company will receive for the orders accepted in the tender amount to approximately NIS 970.4 million, of which approximately NIS 970.3 million will be received from classified investors and approximately NIS 99.7 thousand will be received from the public.

7.

The Bonds (Series 26) issued in the aforementioned issuance (according to the Shelf Offering Report) were issued without discount.

The Company thanks the investing public for its response to the offer according to the Shelf Offering Report.

Respectfully,

MIVNE REAL ESTATE (K.D) LTD

Signed by: Uzi Levy, CEO

Itay Vaknin, CFO

FOOTNOTE:

¹⁰¹ Reference: 2025-01-077182.

¹⁰² Published on May 25, 2025 (Reference: 2025-01-036884).