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.

SELLA CAPITAL REAL ESTATE LTD

Company number: 513992529

To: Israel Securities Authority

To: Tel Aviv Stock Exchange Ltd. Form T087 (Public)

Filed via MAGNA: 02/12/2025 Website: www.isa.gov.il Website: www.tase.co.il Reference: 2025-01-095431

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

Regulation 31e of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change:
Exercise of Series 4 Warrants into shares
Explanation: Briefly describe the nature of the change.
Reference numbers of previous related reports:,,

1. The Corporation's Securities After the Change:

Name and Type of Security	Security No.	Registered Capital	Issued & Paid Up	Quantity Registered by Nominee Company
			Last Report	Current
Ordinary Share	1109644	1,000,000,000	238,934,500	238,956,500
Unregistered Warrants	1120948		5,308,765	5,308,765
BONDS Series 3	1138973		1,145,092,553	1,145,092,553
BONDS Series 4	1167147		1,102,771,353	1,102,771,353
Commercial Papers Series 1	1157189		120,000,000	120,000,000
Commercial Papers Series 2	1203975		130,000,000	130,000,000
BONDS Series 5	1205087		441,575,040	441,575,040
Warrants Series 4	1205095		17,197,115	17,175,115
Sella Real Estate Employees	1205582		339,000	339,000

Explanation: All of the company's securities, including securities not listed for trading, must be detailed.

2. The Corporation announces that:

On the date: 01/12/2025

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

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.

Nature of the change: Exercise of Series 4 Warrants into shares

Explanation: Please describe all terms of the transaction or action due to which the change in the company's securities occurred.

Section of Change Affected Holders:

1

Name of registered holder affected: The Company for Registration of the Tel Aviv Stock Exchange Ltd.
Type of identification number: Israeli Companies Registrar number
ID number: 515736817
Nature of change: Exercise of options
Date of change: 01/12/2025
Executed via TASE clearinghouse: Yes
Type and name of security affected: Ordinary shares
Security No.: 1109644
Holder's balance of security in last report: 238,934,500
Holder's balance of security after the change: 238,956,500
Total quantity of security increased/decreased: 22,000
Is it a grant of rights to purchase shares: No
Total consideration for issued securities: _________
Security no. of the share that will result from the exercise: _________
Quantity of shares resulting from full exercise/conversion of securities: _________
Total additional exercise to be received from full exercise/conversion: _________
Period for exercise of the security: _________
From: _________ To: _________
Will the allocated securities be registered for trading: _________
Allocation of the aforementioned securities is further to: _________ as published on: _________ with reference number: _________
The security has been fully paid-up and the consideration received in full.
The security has been fully paid-up, but consideration has not been fully received.
Issued for an ATM program
Other: _________

2
Name of registered holder affected: The Company for Registration of the Tel Aviv Stock Exchange Ltd.
Type of identification number: Israeli Companies Registrar number
ID number: 515736817
Nature of change: Exercise of options
Date of change: 01/12/2025
Executed via TASE clearinghouse: Yes
Type and name of security affected: Warrants Series 4
Security No.: 1205095
Holder's balance of security in last report: 17,197,115
Holder's balance of security after the change: 17,175,115
Total quantity of security increased/decreased: 22,000
Is it a grant of rights to purchase shares: No
Total consideration for issued securities:
Security no. of the share that will result from the exercise:
Quantity of shares resulting from full exercise/conversion of securities:
Total additional exercise to be received from full exercise/conversion:
Period for exercise of the security:
From: To:
Will the allocated securities be registered for trading:

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

Allocation of the aforementioned securities is further to: _________ as published on: _________ with reference number: _________

The security has been fully paid-up and the consideration received in full.

The security has been fully paid-up, but consideration has not been fully received.

Other: _________

Explanations:

Issued for an ATM program

version. For more information, please review the legal disclaimer.

1. If the change affects more than one security, its effect must be detailed on a separate line for each security.
1. Date of change all changes of the same kind, in the same security, executed on the same day, will be summed on one line. For this matter, a distinction should be made between changes executed via TASE clearinghouse and those executed directly in the company's books.
1. For reductions, add the sign "-".
1. In all quantity fields, enter the number of securities, not NIS par value.

3. Key Shareholders' Register at Reporting Date:

No.	Name of Registered	Type of	ID	Security	Type of Shares &	Qty of	Holds Shares as
	Shareholder	ID	Number	Number	Par Value	Shares	Trustee
1

1. Attached is a file of the shareholders register in accordance with section 130 of the Companies Law, 1999: מניות_בעלי_מרשם_isa.pdf Alt: Shareholders registry PDF file
1. Attached is an updated file of the corporation's securities register, including the register of option holders and register of bond holders: ניירות_מרשם_isa.pdf

Alt: Corporation's securities registry PDF file

Details of the authorized signatories on behalf of the corporation:

No.	Name	Position
1	Lior Wilensky	Company's Legal Counsel
2	Dror Yehuda	Deputy CEO of Finance

Explanation: According to Regulation 5 of Periodic and Immediate Reports Regulations (1970), reports submitted according to these regulations must be signed by the authorized signatories. The staff position on this matter can be found on the Authority's website: Click here

Previous reference numbers on the subject do not constitute inclusion by reference.

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

Short name: Sella Capital Real Estate

Address: 7 Jabotinsky St., Ramat Gan 52520

Phone: 03-5759222 Fax: 03-6131659

Email: [email protected]

Previous names of reporting entity:

Name of electronic reporter: Dror Yehuda Position: Deputy CEO of Finance Company name:

Address: 7 Jabotinsky Street, Ramat Gan 5252007 Phone: 03-5759222 Fax: 03-7624532 Email: [email protected]

This is ^a translation of an official report as per regulations and templates of the Israeli Securities Authority. All numbers and empty fields are shown as in the original for documentation integrity.

AI Terminal

Sella Capital Real Estate Ltd.

7040_rns_2025-12-02_cee3331e-0f7f-472e-8caa-0cfae6696ad3.pdf