Big Shopping Centers Ltd.

Share Issue/Capital Change • Nov 18, 2025

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BIG SHOPPING CENTERS LTD

Registry number: 513623314

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd (TASE) Form T087 (Public) Transmitted via MAGNA: 18/11/2025

Reference: 2025-01-088701

Capital Status, Grant of Rights to Purchase Shares and Securities Registers of the Corporation 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 the change: Exercise of warrants (series 7) Explanation: Please briefly describe the nature of the change.

Previous reporting reference numbers on the subject: ________, ________, ________.

1. Corporation's Securities Post-Change:

Name and Type of Security	Security No.	Qty in Registered Capital	Par Value Outstanding and Paid	Registered in Nominee Company Name
BIG Shares	1097260	420,000,000	Last Report: 25,062,255	25,062,495
			Current: 25,062,505
BONDS (Series 8)	1138924	0	Last Report: 451,154,755	451,154,755
			Current: 451,154,755
BONDS (Series 9)	1141050	0	Last Report: 336,751,670	336,751,670
			Current: 336,751,670
BONDS (Series 24)	1227032	0	Last Report: 1,081,374,000	1,081,374,000
			Current: 1,081,374,000

Explanation: All company securities are detailed, including securities not listed for trade.

1. The corporation announces that: Date: 16/11/2025 A change occurred in the quantity and register of holders of the corporation's securities (including rights to purchase shares) as a result of: Description of nature of the change: Exercise of warrants (series 7) Explanation: Please describe the transaction or action causing the change in the company's securities.

Details of registered holder regarding the change:

• 1. Name of registered holder affected by change: TASE Nominee Company Type of identification number: Number in Israeli Companies Registrar ID: 515736817 Nature of change: Warrants exercised Date of change: 16/11/2025 Executed via TASE clearing: Yes Security: Warrants (series 7), No. 1214345 Holder's balance in last report: 755,181 Holder's balance after change: 754,931 Total securities increased/decreased: 250 Was it a grant of rights to purchase shares? No Security was paid in full and consideration was fully received.
• 1. Name of registered holder affected by change: TASE Nominee Company Type of identification number: Number in Israeli Companies Registrar ID: 515736817 Nature of change: Warrants exercised Date of change: 16/11/2025 Executed via TASE clearing: Yes Security: BIG Shares, No. 1097260 Holder's balance in last report: 25,062,245 Holder's balance after change: 25,062,495 Total securities increased/decreased: 250 Was it a grant of rights to purchase shares? No Security was paid in full and consideration was fully received.

Explanations:

• 1. If the change affects more than one security, detail the impact for each security in a separate line.
• 1. Change date all same-type changes in the same security, executed on one day, are combined in a single row. Separate changes via TASE clearing and those directly in company books.
• 1. For a decrease, add the sign "-".
• 1. Quantity fields must show quantity of securities, not NIS par value.
• 1. Key details of the share registry as of report date are as follows:

No.	Registered Shareholder Name	ID Type	ID No.	Security Number	Share Type & Par Value	Number of Shares	Holding as Trustee?
1

• 1. Attached: Updated share registry as required by section 130 of Companies Law, 1999 File: MereshamManiot16Nov2025_isa.pdf
• 1. Attached: Updated file of the corporation's security registers, including the register of warrant holders and register of BONDS holders File: MereshamNeryotErech16Nov2025_isa.pdf

Signatory details authorized by the corporation:

No.	Name	Position
1	Efrat Hayut Mark	Other
		Legal Counsel and Corporate Secretary

Explanation: In accordance with regulation 5 of the Securities Regulations (Periodic and Immediate Reports), the report must be signed by signatories authorized on behalf of the corporation.

Previous names of reporting entity: BIG Shopping Centers (2004) Ltd.

Company abbreviation: BIG Address: Allied Cities Tower, 26th floor, Ramat Hasharon, 4713402 Phone: 073-2600420, 073-2600442 Fax: 073-2600426 Email: assaf@bigcenters.co.il Website: www.bigcenters.co.il

Electronic reporter's name: Efrat Hayut Mark Position: Legal Counsel and Company Secretary Company address: Allied Cities Tower, 26th floor, Ramat Hasharon, 4713402 Phone: 073-2600407, Fax: 073-2600507 Email: efratm@bigcenters.co.il

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

Form structure update date: 06/08/2024