Paz Oil Company Ltd.

Share Issue/Capital Change • Nov 5, 2025

PAZ RETAIL AND ENERGY LTD - Capital Status, Grant of Rights to Purchase Shares, and Registry of the Corporation's Securities and Changes Therein

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

Nature of Change:
-------------------	--

_________, _________, _________.

Execution, expiration, and allocation of options (unlisted)

Explain briefly the nature of the change

Reference Numbers of Previous Reports on This Topic:
------------------------------------------------------	--	--	--

1. The Corporation's Securities Balance After Change:

Name & Type of Security	Security Number on TASE	Amount in Registered Capital	Issued and Paid-up Capital	Amount Registered in the Name of Registration Company
Ordinary shares	1100007	30,000,000	Last report: 13,827,028 Current: 13,828,430	11,653,430
Series BONDS V	1139542	241,060,695.86	241,060,695.86	241,060,695.86
Series BONDS VI	1142595 1162817 1,464,615,000		958,109,351.81 958,109,351.81 958,109,351.81
Series BONDS VII			1,464,615,000	1,464,615,000
Series BONDS VIII	1205947	199,506,000	199,506,000	199,506,000
Warrants (unlisted)	1175157	0	Last report: 403,109 Current: 408,186	0

Explain: All the company's securities, including those not listed for trading, must be detailed.

2. The Corporation Announces That:

From: 01/10/2025 To: 31/10/2025

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

Description of 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 disclaimer.

• Exercise of 2,081 options (unlisted) into 1,402 ordinary shares of the company during the mentioned period
• Expiry of 5,676 options (unlisted) due to employee departures
• Allocation of 12,834 options (unlisted) according to the employee plan prospectus

Explain: Describe all the details of the transaction or action causing the change.

Detailed Changes by Registered Holder (Summarized):

1. Holder: I.B.I. Trust Management Ltd. (Company Registrar No. 515020428)

Nature of Change: Other (Exercise of employee options)

Date: 31/10/2025

Security: Warrants (unlisted) - Employees (1175157)

Securities Balance (last report): 403,109 Securities Balance (after change): 401,028

Total Amount of Change: 2,081

Is Grant of Rights to Purchase Shares? No

Was the action via the TASE clearing house? No

Proceeds: Not specified

1. Holder: The TASE Registration Company (No. 515736817)

Nature of Change: Other (Exercise of employee options)

Date: 31/10/2025

Security: Ordinary shares of NIS 5 par value each (1100007)

Securities Balance (last report): 11,652,028 Securities Balance (after change): 11,653,430

Total Amount of Change: 1,402

Is Grant of Rights to Purchase Shares? No

Via TASE clearing house? Yes

Proceeds: Not specified

1. Holder: I.B.I. Trust Management Ltd.

Nature of Change: Expiry

Date: 31/10/2025

Security: Warrants (unlisted) - Employees (1175157)

Securities Balance (last report): 401,028 Securities Balance (after change): 395,352

Total Amount of Change: 5,676

Grant of Rights? No Explanation: Expiry

1. Holder: I.B.I. Trust Management Ltd.

Nature: Allocation to employees

Date: 21/10/2025

Security: Warrants (unlisted) - Employees (1175157)

Last report balance: 395,352

After change: 399,940 Change amount: 4,588 Is Grant of Rights? Yes

Amount of shares to be issued from full exercise: 4,588

Proceeds from full exercise: about NIS 3.2 million

Exercise period: 21/10/2026 to 21/10/2030

Registered for trading? No

Allocated per employee prospectus published 27/11/2024 (Ref: 2024-01-619424)

1. Holder: I.B.I. Trust Management Ltd.

Nature: Allocation to employees

Date: 24/06/2025

Security: Warrants (unlisted) - Employees (1175157)

Last report balance: 399,940

After change: 408,186

Change amount: 8,246 Is Grant of Rights? Yes

Amount of shares to be issued from full exercise: 8,246

Proceeds from full exercise: about NIS 4.9 million

Exercise period: 24/06/2026 to 24/06/2030

Registered for trading? No

**Allocated per employee prospectus published 27/11/2024 (Ref: 2024-01-619424)

Explanation: Grant of (unlisted) warrants to employees per the plan (closing gaps for previous periods)

Notes:

• 1. If the change affects more than one security, detail the effect of the change in a separate line for each security.
• 1. Date of change all changes of the same type, in the same security, made on one day, will be summed in one line. For this purpose – separate changes made via the clearing house from those made directly in the company's books.
• 1. For reductions, add the sign "-".
• 1. For all quantity fields, fill in the number of securities and not the par value in NIS.

3. Key Details of the Shareholders Register as of the Reporting Date:

No.	Name of Registered Shareholder	ID Type	ID Number	TASE Security No.	Type of Shares & Par Value	Amount of Shares	Holds as Trustee
1	Eded Trust Company Ltd.	Israeli Registrar No.	511169781	1100007	Ordinary shares NIS 5 par value	2,175,000	Yes
2	TASE Registration Company	Israeli Registrar No.	515736817	1100007	Ordinary shares NIS 5 par value	11,653,430	No

Attached:

• Updated file of the shareholders register according to section 130 of the Companies Law, 1999 paz_shareholders_registry_311025_isa.pdf.
• Updated file of the registries of the corporation's securities, including the warrant holders register and BONDS holders register paz_securities_registry_311025_isa.pdf.

Authorized Signatories on Behalf of the Corporation:

No.	Name	Role
1	Anat Rothschild	Deputy CEO, Chief Legal Counsel and Corporate Secretary
2	Masha (Maria) Berkovich	Attorney

According to Regulation 5 of the Securities (Periodic and Immediate Reports) Regulations, this report shall be signed by the authorized signatories on behalf of the corporation. Staff position on this matter can be found on the ISA website: Click here

Additional Details:

Reporting entity: PAZ RETAIL AND ENERGY LTD

Registration no.: 510216054

Previous name: Paz Oil Company Ltd.

Company short name (TASE): אנרגיה פז

Registered address: Greenwork, Building D, Kibbutz Yakum, ZIP 6097200

Phone: 09-8631103, 09-8631121 | Fax: 09-9562159

Email: anatr@paz.co.il

Company website: https://www.paz.co.il/he-IL/home

Report Broadcast Information

Broadcast on MAGNA (ISA reporting system): 05/11/2025

Confirmation #: 2025-01-084052

Form T087 (Public)

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.

All securities of the corporation are listed on the Tel Aviv Stock Exchange. Form structure last updated: 06/08/2024