Kvutzat Acro Ltd. — Major Shareholding Notification 2026

Apr 13, 2026

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.

KVUTZAT ACRO LTD
KVUTZAT ACRO LTD
Number in the Registrar: 511996803
To: Israel Securities Authority www.isa.gov.il	To: Tel-Aviv Stock Exchange Ltd. www.tase.co.il	T079 (Public) www.tase.co.il	Filed via MAGNA: 13/04/2026 Reference: 2026-01-033795

Immediate report on a person who ceased to be an interested party in the corporation

Pursuant to Regulation 33(h) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Note: Where reference is made to an interested party, the intention is also to a holder of a material means of control in a banking corporation without a control core

1. Details of the holder:

First name: ____

First name in English as it appears in the passport: ____

Last name/Name of corporation: Migdal Insurance and Financial Holdings Ltd

Last name/Name of corporation in English: Migdal Insurance and Financial Holdings Ltd

Type of identification number: Number in the Israeli Companies Registrar

Identification number: 520029984

Citizenship/Country of incorporation or registration: Incorporated in Israel

Country of citizenship/incorporation or registration: ____

Address: 4 Efal St., Petach Tikva

Is the holder acting as a representative for the purpose of reporting a number of shareholders who hold together with it securities of the corporation: Yes

2. Details of the action as a result of which the holder ceased to be an interested party in the corporation:

a. Nature of the action DecreaseDue to sale on the stock exchange

b. Name and type of the security which is the subject of the action: Acro ordinary shares

c. Security number on the stock exchange: 1184902

d. Date of execution of the action 05/02/2026

e. Quantity of securities which are the subject of the action: 235,182

f. Price at which the action was executed: 4,444.07agorot

g. Whether they are dormant shares or securities convertible into dormant shares No

h. Whether the full consideration was paid at the time of the change Yes

If the full consideration was not paid at the time of the change, please specify the date of completion of the payment

3. a. Its holdings after the action:

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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.

Name, type and series 330 of the security	Security number on the stock exchange	Quantity of securities	Dormant*	Holding rate		Holding rate (full dilution)
				% Capital	% Voting	% Capital	% Voting
Acro ordinary shares	1184902	3,022,675	No	4.79	4.79	4.67	4.67
Acro BONDS A	1188572	90,841,197	No	d	d	d	d
Acro BONDS B	1226059	29,308,946	No	d	d	d	d

b. The holder is not a member of an institutional reporting group.

The holder is not a member of an institutional reporting group, but serves/served as an officer in the company who is not a CEO or director and was not an interested party by virtue of its holdings.
The holder is a hedge fund as defined in the Joint Investment Trust Regulations (Assets that may be purchased and held in the fund and their maximum rates), 5755 - 1994.
The hedge fund has the right to appoint a director or its representative to the company's board of directors
The holder is a member of an institutional reporting group. Details of its holdings are as follows:

The holder	Name, type and series 330 of the security	Security number on the stock exchange	Quantity of securities	Dormant
Participating life insurance accounts	Acro ordinary shares	1184902	2,056,437	No
Participating life insurance accounts	Acro BONDS A	1188572	64,284,272	No
Companies managing mutual investment funds in trust	Acro ordinary shares	1184902	966,238	No
Companies managing mutual investment funds in trust	Acro BONDS A	1188572	26,556,925	No
Companies managing mutual investment funds in trust	Acro BONDS B	1226059	29,308,946	No

Explanations:

1. If the interested party holds more than one type of security, the holding rates taking into account all securities held by it should be indicated only in one of the lines.
2. Securities other than securities listed for trading should also be reported.
3. In a case where the interested party is a subsidiary, the holdings should be split into shares acquired prior to the entry into force of the Companies Law, 5759 - 1999, and shares acquired after its entry into force.

4. When the holder is not a member of an institutional reporting group, only section 3a. must be completed. When the holder is a member of an institutional reporting group, sections 3a. and 3b. must be completed.

5. It must be indicated whether these are dormant shares or securities convertible into dormant shares

4. Additional details:

To the best of the company's knowledge and as reported to it, as of the report date Mr. Shlomo Eliahu is the ultimate controlling shareholder of the company and holds $45.50\%$ of the issued and paid-up share capital of the company [the "share capital"], through Eliahu Issuances Ltd. Eliahu Issuances Ltd is a wholly owned company of Eliahu 1959 Ltd. To the best of the company's knowledge, the shareholders of Eliahu 1959 Ltd are: Mr. Shlomo Eliahu, holding $25.14\%$ of the capital and $98\%$ of the management shares; Ms. Chaya Eliahu, holding $0.02\%$ of the capital and $2\%$ of the management shares; Shlomo Eliahu Holdings Ltd, holding $61.7\%$ of the capital; Achiya Eliahu Trust and Investments Ltd, holding $13.14\%$ of the capital. The shareholders of Shlomo Eliahu Holdings Ltd are Mr. Shlomo Eliahu, holding $83.31\%$ , and Ms. Chaya Eliahu, holding $16.69\%$ . The sole shareholder in Achiya Eliahu Trust and Investments Ltd is Eliahu 1959 Ltd, whose shareholders are the shareholders detailed above. The holdings in the company's shares appearing under participating life insurance accounts are held by the partnership "Migdal SAL - Israel Shares" (the "partnership"). The partnership is a registered partnership all of whose rights owners are companies of an institutional reporting group from the Migdal group. The partnership itself is not participating life insurance accounts and/or a management company. In accordance with the understandings between the partners in the partnership, the holding rate of the rights owners in the partnership changes on an ongoing basis, in accordance with the mechanism set out in the partnership agreement. The holding rates in the partnership of the rights owners in the partnership as of the report date are as follows: Insurer for participating life insurance accounts $37.44\%$ , pension and provident funds $-62.56\%$ . The holdings in the company's BONDS appearing under participating life insurance accounts are held by the partnership "Migdal SAL - Corporate BONDS in Israel" (the "partnership"). The partnership is a registered partnership all of whose rights owners are companies of an institutional reporting group from the Migdal group. The partnership itself is not participating life insurance accounts and/or a management company. In accordance with the understandings between the partners in the partnership, the holding rate of the rights owners in the partnership changes on an ongoing basis, in accordance with the mechanism set out in the partnership agreement. The holding rates in the partnership of the rights owners in the partnership as of the report date are as follows: Insurer for participating life insurance accounts $46.60\%$ , pension and provident funds $-43.40\%$ .

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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.

1. Date and time on which the corporation first became aware of the event or matter 13/04/2026At 11:55

Details of the signatories authorized to sign on behalf of the corporation:

	Name of signatory	Position
1	Ziv Yaakobi	CEO and director

Explanation: Pursuant to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 – 1970), a report filed under these Regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the Authority's website: Click here.

With respect to that stated in section 2(d) above, the sale was executed in several tranches between the dates January 1, 2026 and February 5, 2026 at an average price of 4,444.070 agorot. It is noted that the holder's notice was sent on February 8, 2026 to the company's general email, but was in fact forwarded to the relevant officers of the company only on April 13, 2025. It is clarified that the quantity of securities specified in section 3 above is in accordance with the holder's notice at the date of delivery of the notice as stated (i.e., February 8, 2026). As of the report date, the company has no information regarding the current scope of the holder's holdings.

Reference numbers of previous documents on the subject (the reference does not constitute inclusion by way of reference):

The corporation's securities are listed for trading on the Tel-Aviv Stock Exchange

Date of last form structure update: 04/02/2025

Short name: Acro Group

Address: HaMenofim2, Herzliya4672553 Telephone: 09-9718900, Fax: 09-9718901

Email: vered@acrogrp.com Company website:www.acronadlan.com

Former names of the reporting entity: Arbov Investments Ltd

Name of electronic reporter: Lazar Arbiv VeredPosition: Legal Counsel and Corporate SecretaryName of employing company: Acro Real Estate Initiation Ltd

Address: HaMenofim2, Herzliya4672553Telephone: 09-9718900Fax: 09-9718901Email: vered@acrogrp.com