Elco Ltd.

Prospectus • Dec 2, 2025

ELCO LTD

Company Registration Number: 520025370

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T020 (Public) Date Filed in MAGNA: 02/12/2025 ISA Reference: 2025-01-095801

Notice of Bidder on the Results of the Offer in the Prospectus

According to Section 30 of the Securities Law, 1968, and the Securities Regulations (Notifications of Results of the Offer in the Prospectus), 1969

Regulation 30c under the Periodic and Immediate Reports Regulations, 1970

• Results of an Institutional Tender with Early Undertakings Given in the Prospectus (without the securities being offered in the prospectus)
• Results of a Public Offer in the Prospectus
• Cancellation of the Public Offer

Note: When reporting the results of an offer in the prospectus, early undertakings given prior to publication of the prospectus must also be included.

The prospectus is: Shelf prospectus of a reporting corporation

1. The following are the results of the offer in the prospectus, reference number (T012): 2023-01-086227

Permission for publication given on: 12/09/2023

The period for submitting orders has ended on (in the case of an ATM program, the date the program ended): __________

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.

Was the offer made via shelf offering report or a supplementary notice: No

ISA reference number for shelf offering report (T022)/supplementary notice (T024): __________

Attached are the results of: Institutional tender with early undertakings given in the prospectus:

קבוצת אלקו\אלקו\תשקיפים והנפקות\הרחבת סדרה 14' לציבור נובמבר 2025\מכרז\:L](pdf.isa_אלקו_תוצאות_מכרז_מוסדי] (pdf.isa_מוסדי\סופי\אלקו_תוצאות_מכרז_מוסדי

Alt: Institutional Tender Results File (Hebrew PDF filename)

Prospectus Number: 45224

Note: For internal use by the Authority.

2. (a) Total securities offered in the prospectus:

Type of security	TASE number	Security name	Total quantity	Price*	Interest rate	Discount rate	Weighted discount rate
Debt Certificate	1207752	BONDS (Series 14")	0	0 NIS

^*Price per one security

(b) Supplementary details for ETNs (Exchange Traded Notes) offered in the prospectus:

Canceled*	TASE number	Series serial	Name	TASE security type	Trustee name	Listing date

Note: The maximum number of entries that can be filled in the table is 35. If more are required, the report should be split.

3. Total securities by type and according to types of applicants whose offers were accepted:

Securities for which consideration is received in cash:

Type of issuance	Type, number, and name of security in TASE	Auction number	Type of applicant	Total quantity issued	Price*	Future exercise price	Total calculated consideration	Total par value
Public offer (cash consideration)	Debt Certificate 1207752, BONDS (Series 14")	000000	Institutional	225,000,000	1.0535 NIS		237,037,500 NIS	225,000,000 NIS

*Price per one security

In the case of registration for trading (including registration with IPO) / release from lock-up / tender offer exchange / merger / dividend in-kind:

Issuance type	Type, number, and name of security	Total quantity	Average closing price* / value on the trading day before exchange	Future exercise price	Total calculated consideration	Total par value	Execution date**	Securities offered

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.

• *Average closing price of the security of the same type in the first three trading days after registration for trading.
• **For registration for trading/release from lock-up/dividend in-kind, the date is the trading registration date; for exchange tender offer
• date of actual exchange.

If exchange offer:
Cash consideration received* in:

Cash consideration paid** in __________: __________

• Consideration in cash the bidder received for the offered securities
• ** Consideration in cash paid by the bidder as part of the offer

4. Details on underwriters and distributors in the issuance:

Participants in the issuance:

• Underwriters
• Distributors
• None of the above

Name	Role
	Price-leading underwriter/underwriter/distributor

Authorized signatories for the corporation:

Name	Role
Daniel Zalkind	Co-CEO and Director
Eli Vasli	CFO

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

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.

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

Short name: אלקו

Address: Yigal Alon 98, Tel Aviv 6789141

Phone: 03-6939696 Fax: 03-6939689

Email: corpsecretary@elco.co.il

Company Website: http://www.elco.co.il/

Previous names of reporting entity: מ"בע החזקות אלקו

Electronic Signatory Name: Eliezer Vesely

Role: CFO

Employer Name:

Address: Yigal Alon 98, Tel Aviv 6789141

Phone: 03-6939678 Fax: 03-6939656 Email: eliv@elco.co.il