GAV-YAM Lands Corp. Ltd.

Share Issue/Capital Change • Nov 5, 2025

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.

GAV-YAM LANDS CORP. LTD Registration Number: 520001736

To: Israel Securities Authority (www.isa.gov.il) To: Tel Aviv Stock Exchange Ltd. (www.tase.co.il) Form Number: T087 (Public)

Transmitted via MAGNA: 05/11/2025 Reference: 2025-01-083880

Table of Capital, 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 change: Issuance of shares as a result of vesting of RSU units into shares.
Number of previous report references on this subject:,,

1. The corporate securities portfolio after the change:

Name & Type of Security	TASE Security Code	Quantity in Registered Capital	Most Recent Filing	Current Quantity	Quantity Listed for Nominee Company
Ordinary Share NIS 0.01 Par Value	759019	285,000,000	220,432,477	220,435,684	220,392,184
BONDS Series V	7590128	0	477,783,643	477,783,643	477,783,643
BONDS Series H	7590151	0	2,789,181,910	2,789,181,910	2,789,181,910
BONDS Series T	7590219	0	1,336,120,224	1,336,120,224	1,336,120,224
BONDS Series Y	7590284	0	1,400,521,000	1,400,521,000	1,400,521,000
Gav-Yam Warrant 03/23	1194331	0	1,191,736	1,191,736	0
Gav-Yam RSU Unit 23	1194349	0	137,006	133,799	0
BONDS Series YA	1208339	0	1,076,003,000	1,076,003,000	1,076,003,000
Gav-Yam Commercial 2	1208644	0	300,000,000	300,000,000	300,000,000
Gav-Yam Commercial	1222090	0	700,000,000	700,000,000	700,000,000
BONDS Series YB	1222587	0	150,000,000	150,000,000	150,000,000

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.

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

1. The Corporation reports that: On date: 05/11/2025 A change occurred in the quantity and register of securities holders (including rights to purchase shares) of the corporation as a result of: Issuance of shares as a result of vesting of RSU units into shares.

Details of the changes:

1. Name of registered holder affected by the change: Altshuler Shaham Trusts Ltd. Type of ID Number: Israel Companies Registrar
Number ID Number: 513901330 Nature of change: Other - Vesting of RSU units Date of change: 05/11/2025 Processed via
exchange clearing house: Yes Type and name of security changed: Gav-Yam RSU Unit 23 TASE Security Code: 1194349 Holder's
last reported balance: 137,006 Holder's balance after change: 133,799 Total quantity of security increased/decreased: 3,207 Is
this the grant of rights to purchase shares: No Total consideration for allotted securities: TASE number for share resulting
from warrant conversion: Quantity of shares to result from full exercise/conversion: Total additional consideration
to be received upon exercise/conversion: Period in which the security may be exercised: From: Until:
Will the allotted securities be registered for trade: The allocation is subsequent to publication on date:
Reference No.: ☑ The security was fully paid and consideration received in full.
2. Name of registered holder affected by the change: The Tel Aviv Stock Exchange Ltd. Nominee Company Type of ID Number: Israel
Companies Registrar Number ID Number: 515736817 Nature of change: Other – Issuance of shares due to RSU vesting Date of
change: 05/11/2025 Processed via exchange clearing house: Yes Type and name of security changed: Gav-Yam Ordinary Share NIS
0.01 Par Value TASE Security Code: 759019 Holder's last reported balance: 220,388,977 Holder's balance after change:
220,392,184 Total quantity of security increased/decreased: 3,207 Is this the grant of rights to purchase shares: No Total
consideration for allotted securities: TASE number for share resulting from exercise: Quantity of shares to result
from full exercise/conversion: Total additional consideration upon exercise/conversion: Period in which the
security may be exercised: From: Until: Will the allotted securities be registered for trade: The
allocation is subsequent to publication on date: Reference No.: ☑ The security was fully paid and consideration
received in full.

Explanations:

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.

• 1. If the change affects more than one security, state the impact for each security in a separate line.
• 1. Date of change all changes of the same type, in the same security, performed on one day, will be summarized in one line. For this purpose, separate changes performed via the clearing house from changes recorded directly in the company's books.
• 1. For reductions, add the sign "-".
• 1. In all quantity fields, enter quantity of securities and not NIS par value.
• 1. Key register of shareholders as of report date:

(Blank in report – no details provided)

• 1. Attached file: register of shareholders according to section 130 of the Companies Law, 1999 Shares_051125_isa.pdf
• 1. Attached file: updated file of all the corporation's securities registers, including register of option holders and register of BONDS holders Securities_051125_isa.pdf

Authorized signatories for the corporation:

• 1. Name: Natali Misha'an-Zakai CEO
• 1. Name: Shiri Weizman Corporate Secretary

Note: According to Regulation 5 of the Immediate and Periodic Report Regulations (1970), reports submitted under these regulations must be signed by the authorized signatories of the corporation. The ISA staff's position on the matter can be found at: Click here

Previous names of reporting entity: GAV-YAM LANDS CORP. LTD

Short name: GAV-YAM

Address: P.O. Box 15041, Haifa 31905, Tel: 04-6644200, 04-6644222, Fax: 04-8533567 Email: info@gav-yam.co.il | Website: www.gavyam.co.il

Electronic filer name: Zak Mark Position: CFO Address: Andrei Saharov 9, Haifa 31905, Tel: 04-6644200, Fax: 04-8522859 Email: mark@gav-yam.co.il

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