Ackerstein Group Ltd. — M&A Activity 2026

Feb 19, 2026

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Ackerstein Group Ltd.

("the Company")

February 19, 2026

To To

Tel Aviv Stock Exchange Ltd. the Securities Authority

Via MAYA Via MAGNA

Re: Entering into a non-binding memorandum of understanding for the acquisition of control in a company in the field of finishing products

The Company is pleased to update that on February 19, 2026, it entered into a non-binding memorandum of understanding for the acquisition of control in an Israeli company in the field of construction finishing products, with third parties not related to the Company or its controlling shareholders. Within the framework of the understandings between the parties, subject to the performance of comprehensive due diligence, the signing of binding agreements and the approval of the parties' authorized organs, the Company will purchase the majority of the share capital of the acquired company from its existing shareholders in exchange for a projected total consideration in the amount of NIS 50 – 100 million, consisting of immediate consideration and future performance-contingent consideration of the acquired company. Financing of the acquisition will be carried out from the Company's own sources.

The parties agreed that during the period until the end of April 2026, the Company will conduct due diligence and negotiations will be held regarding detailed and binding agreements (while the acquired company will grant the Company an exclusivity period regarding the transaction during this period).

It should be emphasized that at this time there is no certainty that binding agreements will be signed in connection with the said transaction and/or what their terms will be, and there is no certainty regarding the completion of the transaction according to such agreements, insofar as they are signed.

Sincerely,

Ackerstein Group Ltd.

By: Amit Lang, CEO

and Saar Egozi, General Counsel

2/19/2026 | 9:50:22 AM