Bazan Oil Refineries Ltd.

Capital/Financing Update • Nov 24, 2025

Oil Refineries Ltd. (Batei Zikuk LeNeft Ba"am)

Report on the Corporation's Liabilities by Maturity Dates

According to Regulations 9D and 38E of the Securities Regulations (Periodic and Immediate Reports), 1970

Reporting Period: 30/09 for the current year 2025

A. Series of bonds issued to the public by the reporting corporation and held by the public, except for bond series held by the corporation's parent company, its controlling shareholder, subsidiaries of any of these, or subsidiaries of the corporation – based on the corporation's separate ("solo") financial statements data (in thousands of NIS)

	NIS CPI linked	NIS non linked	Euro	USD			Other	Gross interest payments (pre-tax)	Total by years
First year	0	360,353	0	0	0	0	0	122,885	483,238
Second year	0	324,862	0	0	0	0	0	109,062	433,924
Third year	0	418,051	0	0	0	0	0	92,223	510,274
Fourth year	0	465,340	0	0	0	0	0	71,676	537,016
Fifth year+	0	1,055,900	0	0	0	0	0	143,335	1,199,235
Total	0	2,624,506	0	0	0	0	0	539,181	3,163,687

B. Non-Bank Credit and Bond Series (not provided by the parent company or controlling shareholder, their subsidiaries, or the reporting corporation's group) – based on separate ("solo") financial statements (in thousands of NIS)

All values are zero for this section.

C. Bank Credit from Banks in Israel – based on separate ("solo") financial statements (in thousands of NIS)

	NIS CPI linked	NIS non linked	Euro	USD			Other	Gross interest payments (pre-tax)	Total by years
First year	0	0	0	249,804	0	0	0	111,688	361,492
Second year	0	0	0	290,123	0	0	0	93,712	383,835
Third year	0	0	0	186,943	0	0	0	73,655	260,598
Fourth year	0	0	0	174,693	0	0	0	61,385	236,078
Fifth year+	0	0	0	741,994	0	0	0	109,921	851,915
Total	0	0	0	1,643,557	0	0	0	450,361	2,093,918

D. Bank Credit from Foreign Banks

All values are zero for this section.

E. Summary Table for Tables A-D, total bank credit, non-bank credit, and bond series (solo, in thousands NIS)

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.

	NIS CPI linked	NIS non-linked	Euro	USD			Other	Gross interest (pre-tax)	Total by years
First year	0	360,353	0	249,804	0	0	0	234,573	844,730
Second year	0	324,862	0	290,123	0	0	0	202,774	817,759
Third year	0	418,051	0	186,943	0	0	0	165,878	770,872
Fourth year	0	465,340	0	174,693	0	0	0	133,061	773,094
Fifth year+	0	1,055,900	0	741,994	0	0	0	253,256	2,051,150
Total	0	2,624,506	0	1,643,557	0	0	0	989,542	5,257,605

F. Off-Balance Sheet Exposure to Credit (guarantees and undertakings to provide credit – solo) (in thousands of NIS)

All values are zero for this section.

G. Off-balance sheet exposure of all consolidated companies, except reporting corporations and data already included in Table F (in thousands of NIS)

All values are zero for this section.

H. Total balances of bank credit, non-bank credit, and bond series of all consolidated companies, except reporting corporations and data already included in tables A–D (in thousands of NIS)

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.

	NIS CPI linked	NIS non linked	Euro	USD			Other	Gross interest (pre tax)	Total by years
First year	0	2,053	57,169	0	0	0	0	2,075	61,297
Second year	0	0	0	0	0	0	0	0	0
Third year	0	0	0	0	0	0	0	0	0
Fourth year	0	0	0	0	0	0	0	0	0
Fifth year+	0	0	0	0	0	0	0	0	0
Total	0	2,053	57,169	0	0	0	0	2,075	61,297

I. Balances of credit given to the reporting corporation by its parent company or controlling shareholder and bond series held by the parent company or controlling shareholder (in thousands of NIS):

All values are zero for this section.

J. Balances of credit given to the reporting corporation by companies controlled by the parent company or controlling shareholder and not controlled by the reporting corporation, and bond series of the reporting corporation held by such companies (in thousands of NIS):

All values are zero for this section.

K. Balances of credit given to the reporting corporation by consolidated companies and bond series held by consolidated companies (in thousands of NIS):

	NIS CPI linked	NIS non linked	Euro	USD			Other	Gross interest (pre tax)	Total by years
First year	0	0	0	5,660	0	0	0	364	6,024
Second year	0	0	0	0	0	0	0	0	0
Third year	0	0	0	0	0	0	0	0	0
Fourth year	0	0	0	0	0	0	0	0	0
Fifth year+	0	0	0	0	0	0	0	0	0
Total	0	0	0	5,660	0	0	0	364	6,024

Authorized Signatories for the Corporation:

Name: Eli Tzarfati

Role: Other (Head of the Accounting Department)

Explanatory Note: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report filed under these regulations must be signed by those authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the Authority's website: Click here

Stock Exchange Registration: The corporation's securities are listed for trade on the Tel-Aviv Stock Exchange Short Name: BAZAN Address: P.O. Box 4, Haifa, 3100001 Phone: 04-8788135, 04-8788115 | Fax: 073-2928115 Email: info@bazan.co.il | Company website: https://www.bazan.co.il/

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.

Name of Electronic Reporter: Eli Tzarfati Shami Role: Accountant Manager Address: (Histadrut Ave.) P.O.Box 4, Haifa, 3100001

Phone: 04-8788111 Email: tzeli@bazan.co.il

Previous names of the reporting entity: None listed.