OY Nofar Energy Ltd.

Share Issue/Capital Change • Dec 1, 2025

O.Y. NOFAR ENERGY LTD

Registry number: 514599943

To: Israel Securities Authority / Tel Aviv Stock Exchange Ltd

Form number: T087 (Public)

Reported via MAGNA on: 01/12/2025

Reference: 2025-01-095353

Capital Structure, Grant of Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

Regulation 31E to Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) to Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) to Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 to Securities Regulations (Periodic and Immediate Reports), 1970

Nature of change:

Issuance of restricted share units (RSUs) to the CEO of the company and a central report regarding allocation of shares following the exercise of warrants by employees.

Note: Please briefly describe the nature of the change.

Reference numbers of prior related reports:
,,

1. The corporation's securities portfolio after the change:

Name and Type of Security	Security Number on TASE	Quantity in Registered Capital	Issued and Paid-up Capital	Quantity Registered Under the Nominee Company
Nofar Ordinary Shares	1170877	50,000,000	Last Report: 35,543,828 Current: 35,543,916	35,543,916
Nofar Energy Bond 1	1179340	290,868,638.16	290,868,638.16 Current: 290,868,638.16	290,868,638.16
Nofar Energy Bond 2	1198035	499,993,000	499,993,000 Current: 499,993,000	499,993,000
Nofar Energy Bond 3	1198043	803,054,950	803,054,950 Current: 803,054,950	803,054,950
Nofar Energy Bond 4	1211416	756,289,369.25	756,289,370 Current: 756,289,370	756,289,370
Nofar Employee Warrants	1190255	0	Last Report: 1,489,179 Current: 1,486,589	0
Restricted Share Units (RSU)	0000000	0	Last Report: 0 Current: 1,777,191	0

Note: Please detail all company securities, including those not listed for trading.

2. The Corporation announces:

Between 17/11/2025 and 01/12/2025

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.

A change occurred in the amount and in the register of holders of the corporation's securities (including rights to purchase shares) as a result of:

Description of the nature of the change:

Allocation of restricted share units (RSU) to Ofer Yanai Assets Ltd., a company wholly owned by Mr. Ofer Yanai (controlling shareholder, CEO, and director of the company), following the approval of the general assembly of 26.12.2025 (Reference number: 2025-01- 093089), as detailed in the special assembly invitation report dated 22 October 2025, as amended on 13 and 20 November 2025 (Reference numbers: 2025-01-078697, 2025-01-086898, and 2025-01-090006, respectively), and also a central report regarding allocation of shares as a result of employee warrant exercise.

Note: Please describe all the details of the transaction or action that caused the change in the securities of the corporation.

Table of changes:

1. Ofer Yanai Assets Ltd.

Holder ID: 515697084 (Israeli Companies Register)

Nature of change: Private allocation

Change date: 01/12/2025

Executed via TASE Clearing House: No

Type and name of security: Restricted Share Units (RSU) (Security No: 0000000)

Last report holding: 0

Holding after change: 1,777,191 Total amount changed: 1,777,191

Is this granting of rights to purchase shares: Yes

Total proceeds for allocated securities: None

Security number of share to be derived from exercise: 1170877

Number of shares from full exercise/conversion: 1,777,191

Additional exercise proceeds: 533,157.3 NIS

Exercise period: As detailed in section 4.7(9) of the mentioned meeting report

Securities allocated will be listed for trading: No

Allocation continues the report: Private Offer report dated 20/11/2025 reference 2025-01-090006

Security was fully paid and proceeds received in full.

2. Altshuler Trusts Ltd.

Holder ID: 513901330 (Israeli Companies Register)

Nature of change: Exercise of warrants

Change date: 17/11/2025

Executed via TASE Clearing House: Yes

Type and name of security: Nofar Employee Warrants (Security No: 1190255)

Last report holding: 1,489,179 Holding after change: 1,486,589 Total amount of change: 2,590

Is this granting of rights to purchase shares: No

Security was fully paid and proceeds received in full.

3. The Nominee Company of the Tel Aviv Stock Exchange Ltd.

Holder ID: 515736817 (Israeli Companies Register)

Nature of change: Exercise of warrants

Change date: 17/11/2025

Executed via TASE Clearing House: Yes

Type and name of security: Nofar Ordinary Shares (Security No: 1170877)

Last report holding: 35,543,828 Holding after change: 35,543,916

Total amount of change: 88

Is this granting of rights to purchase shares: No

Security was fully paid and proceeds received in full.

Explanations:

• 1. If the change affects more than one security, the effect should be detailed in a separate row for each security.
• 1. Date of change all changes of the same type, in the same security, executed on one day, should be summarized in a single row. In this regard – changes via the Clearing House should be separated from those made in company books.
• 1. Change for a reduction add the sign "-".
• 1. All quantity fields should specify quantity of securities, not NIS par value.

3. Main Shareholders Register as of the Report Date:

No.	Registered Shareholder Name	ID Type	ID Number	TASE Security Number	Share Type and Par Value	Number of Shares	Holder as Trustee
1	The Nominee Company of the Tel Aviv Stock Exchange Ltd.	Israeli Companies Register	515736817	1170877	Nofar Ordinary Shares	35,543,916	No

• 1. Attached is a file of the shareholders register as required by Section 130 of the Companies Law, 1999
• 1. Attached is an updated file of the corporation's securities registers, including the options holders register and the BONDS (government bonds) holders register:

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Alt: isa securities register

Details of Authorized Signatories on behalf of the Corporation:

No.	Name Position
1	Ofer Yanai	CEO and Director
2	Nir Peleg	CFO

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

Previous names of reporting entity:

Electronic reporter name: Yanai Ofer Yosef

Position: Acting CEO and Director

Employer Company:

Address: Hatachana 1, Kfar Saba, 4453001

Phone: 09-3750003 Fax: 08-3750061

Email: ofer@nofar-energy.co.il

Company website: www.nofar-energy.com

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

Short name: Nofar Energy

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.

Form structure last updated: 06/08/2024

Glossary Used:

bonds Government :)אג"ח/אגח/אגרות החוב) BONDS

Warrant (אופ(': Warrant

Warrants (אופציות(: Warrants RSU: Restricted Share Unit

Par value (נ.ע(: Par value

Security/securities (ע"ני(: Security/securities

Images:

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Alt text: isa securities register