Doral Group Renewable Energy Resources Ltd.

Regulatory Filings • Dec 7, 2025

7 December 2025

To: Israel Securities Authority 22 Kanfei Nesharim Street, Jerusalem

To: Tel Aviv Stock Exchange Ltd. 2 Ahuzat Bayit Street, Tel Aviv

Via the MAGNA system

Dear Sir/Madam,

Subject: Agreements for the Purchase of Photovoltaic Panels for a Total Amount of Approximately \$650 Million In the Vista Sands and Cold Creek Projects, USA

Further to the Company's report dated 3 December 2025¹, the Company is pleased to update regarding the engagement of Doral LLC² and the corporations holding all the rights in the Vista Sands and Cold Creek projects in the USA

(the projects and project corporations, respectively), in (separate and independent) agreements with a global supplier

Tier 1 (the supplier) for the purchase of photovoltaic panels for the purpose of constructing the projects, at a total cost of approximately

\$650 million.³ The capacity of the Vista Sands project is estimated at approximately 1,450 MW (DC), and the capacity of the

Cold Creek project at approximately 550 MW (DC) and approximately 340 MWh of storage.⁴

The agreement includes standard conditions, including payment of consideration in stages according to milestones; compensation to the project corporation

for delay in supply of the panels; ⁵ warranty period for defects and performance;⁶ provision of securities by the parties to guarantee their commitments under the agreements; the project corporation's option to cancel the agreements due to delay in supply resulting from an ongoing force majeure event, as dened in the agreement; adjustment mechanisms

for the benet of the supplier due to certain regulatory changes, excluding changes in import tariffs to the USA known and in effect on the signing date; and granting the project companies the right to pledge the panels

as collateral for nancing purposes, subject to the provisions of the agreements.

It should be emphasized that entering into the agreements does not guarantee the construction of the projects at the above-mentioned total capacity.

Furthermore, in light of the stage the projects are currently in, at this date there is no certainty regarding completion of the

development process, construction, and securing the required nancing, or connection to the power grid, among other things, due to the fact that they

are subject to obtaining various approvals, the receipt of which is not certain.

The information detailed in this report, including regarding the estimated capacity of the projects, supply of the panels,

and payment for them and the construction of the projects, constitutes forward-looking information as dened in the Securities Law,

¹ Reference number 2025-01-095857.

² (Doral LLC) Doral Renewables LLC. For further details about Doral LLC, see Section 1.10.1 of the Company's Annual Report for 2024, published on 23 March 2024 (Reference No. 2025-01-019059) (the Annual Report), the information contained therein is incorporated by reference in this report. For details about the Company's holdings in Doral LLC and the signing of the transaction to increase its holdings, see the Company's report dated 27 November 2025 (Reference No.: 2025-01-093142), the information contained therein is incorporated by reference in this report.

³ About 500 million dollars for the Vista Sands project and about 150 million dollars for the Cold Creek project.

⁴ For further details about the projects, see Section 1.6 in the Q3 2025 report, published on 27 November 2025 (Reference No.: 2025-01- 093230), the information contained therein is incorporated by reference in this report.

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.

• ⁵ And up to a cumulative amount of 10% of the purchase price.
• ⁶ Up to the consideration amount in the agreement.

2024-06-23

Based on the information, estimates and plans of the company, of Doral LLC and of the project corporations as of this date. These estimates and plans may not be realized, or may be realized only partially, due to numerous factors which are not under the sole control of the company, Doral LLC, or the aforementioned project corporations, including economic-business, regulatory, and environmental variables that may be materially different to what is stated above, as well as the general risk factors associated with the activity of the company detailed in section 1.28 of chapter A of the company's periodic report for 2024 (reference number: 2025-01- 019059), the information of which is incorporated by reference into this report. Accordingly, the information presented in this report may not occur and/or may occur in a manner signicantly different from what was anticipated by the company.

Respectfully,

Doral Renewable Energy Resources Group Ltd.

Signed by: Dori Dudovich, Chairman, and Yoni Hanzis, CEO

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12/7/2025 | 6:41:15 AM