Paz Oil Company Ltd.

Major Shareholding Notification • Dec 1, 2025

Paz Retail and Energy Ltd

Company number in the registrar: 510216054

To: Israel Securities Authority | www.isa.gov.il To: The Tel Aviv Stock Exchange Ltd. | www.tase.co.il Form number: T077 (Public)

Date reported to MAGNA: 01/12/2025 Reference number: 2025-01-095009

Immediate Report on Holdings of Interested Parties and Senior Office Holders

Below is the status as of 01/12/2025:
Reference numbers of previous reports on the subject:,,
Regulations 33(c)-(d) to the Securities Regulations (Periodic and Immediate Reports), 1970

Section A: Interested Parties in the Corporation

(Including CEO and Directors, and any other employee holding five percent or more of the issued share capital of the corporation or voting power therein)

Holder #	Holder Name	Name, Type and Series of Security	Updated Quantity	Holding Percentage		Holding Percentage (Fully Diluted)
				% Equity	% Vote	% Equity	% Vote
1	Paz Retail and Energy Ltd	Ordinary shares of 5 NIS par value each - dormant	3,098,769	0.00	0.00	0.00	0.00
2	Harel Locker	Paz Ener App - Warrants (unlisted)	39,322	0.00	0.00	0.35	0.35
3	Nir Sztern	Ordinary shares of 5 NIS par value each	1,500	0.01	0.01	0.01	0.01
4	Nir Sztern	Paz Ener App - Warrants (unlisted)	50,123	0.00	0.00	0.61	0.61
5	Migdal Insurance & Financial Holdings Ltd - Nostro	BONDS (Series 7)	2,300,000	0.00	0.00	0.00	0.00
6	Migdal Insurance & Financial Holdings Ltd - Participations	Ordinary shares of 5 NIS par value each	877,418	8.16	8.16	7.87	7.87
7	Migdal Insurance & Financial Holdings Ltd - Participations	BONDS (Series 7)	58,120,255.68	0.00	0.00	0.00	0.00
8	Migdal Insurance & Financial Holdings Ltd - Participations	BONDS (Series 8)	58,127,501.61	0.00	0.00	0.00	0.00
9	Migdal Insurance & Financial Holdings Ltd - Funds	Ordinary shares of 5 NIS par value each	213,541	1.99	1.99	1.92	1.92
Table Continues For All Holders

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.

Total Holding Percentage (Equity: 53.51%, Vote: 53.51%) Total Holding Percentage (Fully Diluted) (Equity: 52.68%, Vote: 52.68%)

Section B: Senior Office Holders in the Corporation

(Except CEO and Directors, and except any other employee who holds five percent or more of the issued share capital or voting power)

[x] The following is the holding status of senior office holders in the corporation:

Holder #	Holder Name	Name, Type and Series of Security	Updated Quantity	Holding Percentage		Holding Percentage (Fully Diluted)
				% Equity	% Vote	% Equity	% Vote
54	Israel Klepper	Paz Ener App - Warrants (unlisted)	17,696	0.00	0.00	0.16	0.16
55	Shlomi Fruhling	Ordinary shares of 5 NIS par value each	287	0.00	0.00	0.00	0.00
56	Shlomi Fruhling	Paz Ener App - Warrants (unlisted)	25,875	0.00	0.00	0.24	0.24
57	Reuven Yehoshua	Paz Ener App - Warrants (unlisted)	17,404	0.00	0.00	0.16	0.16
58	Ofir Inbar	Paz Ener App - Warrants (unlisted)	18,900	0.00	0.00	0.17	0.17
59	Yonatan Gottlieb	Paz Ener App - Warrants (unlisted)	9,482	0.00	0.00	0.09	0.09
60	Asaf Ofer	Paz Ener App - Warrants (unlisted)	16,791	0.00	0.00	0.15	0.15
61	Barak Strosberg	Paz Ener App - Warrants (unlisted)	14,338	0.00	0.00	0.13	0.13
62	Anat Rothschild	Paz Ener App - Warrants (unlisted)	17,449	0.00	0.00	0.16	0.16
63	Adar Bitan	Paz Ener App - Warrants (unlisted)	9,796	0.00	0.00	0.09	0.09

Total Holding Percentage (Equity: 0, Vote: 0) Total Holding Percentage (Fully Diluted): (Equity: 1.35, Vote: 1.35)

Explanations

• 1. Also report on holdings of other securities (not BONDS), including other securities not listed for trading.
• 1. In case a report is required for BONDS that cannot be converted to shares, the holdings table can be attached as a PDF, according to legal staff position No. 104-21. The PDF should match the Excel structure published by the Authority and include at least the information appearing in the Excel file.
• 1. If the interested party holds more than one type of security, the holding percentage (including full dilution) must take into account all securities held and be stated in one row only.
• 1. This form details the holdings of all interested parties, including those whose holdings have not changed.
• 1. If the interested party is a held company with material activity for the corporation, holdings should be split between shares purchased before the Companies Law went into effect and those purchased after (dormant shares).
• 1. If an interested party is a corporation, also state the name of its ultimate controlling shareholder(s); if not applicable, provide details of the interested parties in it.
• 1. If a senior office holder holds five percent or more of the issued capital or voting rights, this must be reported in Section A.
• 1. If an interested party or a senior office holder also holds securities in its controlled company with material activity, detail these in the "comments" field.

Legal Staff Position No. 104-21 PDF

Holder Details (Sample Extract)

Paz Retail and Energy Ltd

Holder Type: The reporting corporation

ID Type: Company registrar number in Israel

ID Number: 510216054

• Controlling Shareholder: See details below regarding the controlling shareholder in the corporation.
• Country of registration: Incorporated in Israel
• Are the held shares dormant? Yes Security number in TASE: 1100007
• Shares outstanding at previous report: 3,098,769
• Change in securities quantity: 0
• Max holding during report period: 0.00% Min holding during report period: 0.00%
• Comments: The shares are dormant shares held by the company itself. They are not included in vote counting and do not grant any voting rights at the shareholders' meetings of the company.

(Details on other holders and all sections continue in the same fashion for each holder listed in the full HTML input)

Control	in the	Corporation
---------	-----------	-------------

	As of the submission date of this report and according to the law, is there a controlling shareholder in the corporation?
No
	Controlling Shareholder in the Corporation: Total percent holding in the corporation's equity by all controlling
shareholders:

Authorized signatories for the corporation:

#	Signatory Name Position
1	Anat Rothschild	Other: Deputy CEO, Chief Legal Counsel and Corporate Secretary
2	Masha (Maria) Berkovich	Other: Attorney

Free Text Note (from the report body):

The details listed in this report, including the controlling shareholders of interested parties in the company, are as reported to the company from time to time by interested parties. The company is a company without a control core. This report on the status of interested parties and senior office holders' holdings is published following partial redemption of BONDS (Series 6, 7, and 8) as per the Israel Securities Authority's guidance and TASE's demand, requiring publication of such a report upon redemption of BONDS. Since the company does not have updated data on interested parties' holdings after September 30, 2025, this report reflects the data known for September 30, 2025, reduced by: (A) 24.97002390% of holdings in BONDS Series 6 resulting from partial redemption of Series 6 BONDS (8.33% of their original nominal value pursuant to the shelf offer report on November 29, 2016); (B) 16.363636299% of holdings in BONDS Series 7 resulting from partial redemption (9.00% of original value per shelf offer report on December 12, 2017); and (C) 14.3% of holdings in BONDS Series 8 resulting from partial redemption (14.3% of original value per shelf offer report on February 4, 2020). The company did not receive updated data from interested parties so further (unknown) changes may have occurred. Changes in senior office holders' holdings have been made due to exercising warrants after September 30, 2025, until the publication date.

Previous names of the reporting entity: Paz Oil Company Ltd

Company short name: Paz Energy

Address: Greenwork, Building D, Kibbutz Yakum, 6097200

Phones: 09-8631103, 09-8631121

Fax: 09-9562159

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

Electronic signatory: Maria Berkovich Position: Attorney/Legal Counsel Employed by: (not stated) Contact address: Greenwork

D, Yakum, 6097200

Contact phone: 054-5369439 Contact email: mashab@paz.co.il

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