IBI Investment House Ltd.

Share Issue/Capital Change • Nov 24, 2025

I.B.I INVESTMENT HOUSE LTD

Registration Number: 520034356

To: Israel Securities Authority

www.isa.gov.il

To: Tel Aviv Stock Exchange Ltd.

www.tase.co.il

Form Number: T121 (Public)

MAGNA Transmission Date: 24/11/2025

Reference: 2025-01-091387

Immediate Report for General Material Information

Note: Do not use this form when there is a designated form for the reported event.

This report is intended for material disclosures that do not have a suitable designated form.

Issuance results should be reported in T20, not on this form.

Reference IDs for Previous Reports on this Topic:

2025-01-078475, _________, _________.

Report on bond or corporation rating should be submitted via Form T125.

Nature of the Event:

Court Approval for Share Capital Reduction in the Underwriting Company

In continuation of the company's report dated 21 October 2025 (reference number 2025-01-078475), the company is pleased to
update that on 24 November 2025, the Tel Aviv District Court approved a capital reduction of up to NIS 50 million in I.B.I Underwriting
& Management Ltd., provided that it is completed within 6 months from today, i.e., by 24 May 2026.
Attached file:

The company is not a shell company as defined in the Exchange regulations.

Date the company first became aware of the event: 24/11/2025 at 13:13

Authorized signatories on behalf of the corporation:

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	Title
1	Dave Lubetsky	Chief Executive Officer
2	Shlomi Khanam	Chief Accountant

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

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

Short name: I.B.I Investment House

Address: 9 Ahad Ha'am St., Shalom Tower, Tel Aviv 61291

Tel: 03-5193444 Fax: 03-5175411 Email: DROR@IBI.CO.IL

Previous names of reporting entity: Gachelet Investment Company Ltd.

Electronic signatory name: Avner Hayat Coral Position: Legal Advisor and Company Secretary

Address: 9 Ahad Ha'am St., Tel Aviv 61219101

Tel: 03-5193857 Fax: 03-5193857 Email: corala@ibi.co.il