OY Nofar Energy Ltd.

Major Shareholding Notification • Dec 1, 2025

O.Y. NOFAR ENERGY LTD

Company Registration Number: 514599943

To:

Israel Securities Authority

Tel Aviv Stock Exchange Ltd.

Form Number: T076 (Public)

Reported via MAGNA on: 01/12/2025

Reference Number: 2025-01-094825

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting changes in the holdings of the reporting corporation's securities only. To report changes in the holdings of securities of a subsidiary with material activity for the reporting corporation, use Form T121.

1. Holder Details

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 corporation / Last and first name of holder: Yannay Ofer

Type of identification number: ID Number Holder's identification number: 031919467

Type of holder: Director / CEO

The hedge fund has the right to appoint a director or its representative to the company's board: __________

Is the holder acting as a proxy for several shareholders jointly holding securities of the corporation? No

Name of controlling shareholder in the interested party: L.R

Identification number of controlling shareholder in the interested party: L.R

Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / Incorporation or registration: __________

Stock exchange security number: 1170877

Name and type of security: Nofar M.R. Ordinary Share

Nature of change:

• Reduction
• Due to transfer of securities without consideration

Note: Purchase or sale of shares on the stock exchange by a matched transaction, as defined in part three of the stock exchange regulations, will be classified as an off-market transaction, with disclosure provided in the free text field regarding this method.

Is this a change from a single transaction or multiple transactions (cumulative change): Multiple transactions

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.

Date of change: 27/11/2025 Transaction price: 0 agorot

Are these dormant shares or securities convertible to dormant shares?: No

Previous balance (number of securities): 9,854,528

Previous holding percentage of the same type of securities: 27.73%

Change in the number of securities: -8,092,239

Current balance (number of securities): 1,762,289

Current holding percentage of the same type of securities: 4.96%

Holding percentage after the change:

In capital: 4.96%

In voting rights: 4.96%

Explanation: The holding percentage after change does not refer to convertible securities.

Holding percentage after the change on full dilution basis:

In capital: 4.26%

In voting rights: 4.26%

Notes number: 1

Note: If an increase is due to a forced purchase of loaned securities or a decrease is due to a forced sale of loaned securities, then loaned securities not returned are deemed as forced purchase or forced sale.

Notes Table:

No.

Note

1

Ofer Yannay is the controlling shareholder of the company and serves as CEO and director. 1,762,289 shares of the company are held directly by Mr. Ofer Yannay and via Ofer Yannay Securities Ltd., a company fully owned and controlled by Mr. Ofer Yannay. For details on Mr. Ofer Yannay's holdings via Yannay Group Ltd., see a separate company report regarding this matter. For details regarding the transfer of the relevant securities in this report, see the immediate report dated 27.11.2025 (Reference No: 2025-01-093331), which is hereby incorporated by reference. Furthermore, in the company's general shareholders' meeting dated 26.11.2025, an allocation to Mr. Ofer Yannay of 1,777,191 restricted share units was approved, as detailed in the invitation report to the meeting, which has not yet been actually allocated. For details, see the invitation report and its amending reports dated 22.10.2025, 13.11.2025, and 20.11.2025 (Reference Nos: 2025-01- 078697, 2025-01-086898, 2025-01-090006), and the results report dated 26.11.2025 (Reference No: 2025-01-093089), all of which are incorporated herein by reference.

Additional Details

• 1. Was all consideration paid on the date of change? No
• If not, specify the date of payment completion: Transfer without consideration
• 1. If the change was by signing a loan agreement, specify how the loan ends: __________
• Explanation: The holding rates should include all securities held by the interested party.
• 1. Date and time when the corporation first learned about the event: 27/11/2025 at 09:00
• 1. Details of actions that caused the change: _________

Authorized signatories of the corporation:

Name	Title
Ofer Yannay	CEO and Director
Nir Peleg	CFO

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: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report filed under these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff guidelines on this are available on the Authority's website: Click here.

Additional Information

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

Short name: Nofar Energy

Address: HaTahana 1, Kfar Saba 4453001

Telephone: 09-3750003

Fax: 08-3750061

Email: ofer@nofar-energy.co.il Website: www.nofar-energy.com

Previous names of the reporting entity:

Electronic reporting signatory name: Guy Avraham Hartstein

Position: Accountant

Address: HaTahana 1, Kfar Saba 4453001

Telephone: 09-3750003

Fax: 08-3750061

Email: guy.h@nofar-energy.co.il

Form structure last updated: 04/02/2025