AFI Properties Ltd. — Capital/Financing Update 2026

May 27, 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.

Afi Properties Ltd

AFI PROPERTIES LTD

Number in the registry: 510560188

To: Israel Securities Authority www.isa.gov.il

To: Tel Aviv Stock Exchange Ltd. www.tase.co.il

T020 (Public) Filed via MAGNA: 27/05/2026

Reference: 2026-01-048833

Notice of the offeror regarding the results of the offering in the prospectus

Pursuant to Section 30 of the Securities Law, 5728-1968 and the Securities Regulations (Notices regarding results of the offering in the prospectus), 5730-1969

Results of an early commitments tender made in the prospectus (without the securities in the prospectus having been offered).
Results of an offering in the prospectus.
Cancellation of the public offering.

Note: In reporting on the results of an offering in the prospectus, early commitments made prior to the publication of the prospectus must also be included.

The prospectus is a shelf prospectus of a reporting corporation

1. Presented below are the results of the offering in the prospectus, the reference number of which is (T012) 2026-01-013210 Authorization for its publication was granted on 08/02/2026 and the period for submitting orders pursuant thereto ended on (in the case of an ATM program, the date on which the program ended) 26/05/2026.

Was the offering made by means of a shelf offering report or a supplemental notice No

Reference number of the shelf offering report (T022) / supplemental notice (T024)

Attached are the results of the early commitments tender made in the prospectus: הַיְהִי הַיְהִי הַיְהִי הַיְהִי

Prospectus number: 52181 Note: To be entered for the internal use of the Authority.

2.a. Total securities offered in the prospectus:

Type of security	Security number on the TASE	Name of security	Total quantity of securities	Price*	Interest rate	Discount rate	Weighted discount rate
Commercial papers	0000	Commercial paper series 6	522,223,000	1New Shekel	——	——	——

*Price per 1 security

b. Completion of details for ETFs offered in the prospectus:

Canceled*	Security number on the TASE	Series serial number	Name	Type of security on the TASE	Name of trustee	Date of listing for trading
☐	——	——	Name of security:
			Full TASE name:
			Short TASE name:

Note: The maximum number of records that may be filled in the table is 35. If it is necessary to report a larger number of records, the report must be split.

Explanation: If the series was canceled, the "Canceled" field must be marked.

Explanation: In the "Series serial number" field, up to 3 letters or digits describing the serial number of the series, without additional markings such as quotation marks, must be entered.

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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. Total securities by type, and by type of subscriber whose offer was accepted:

Securities for which consideration is received in cash:

Type of issuance	Type, number and name of security on the TASE	Tender number	Type of subscriber	Total quantity of securities issued	Price*	Future exercise price*	Total amount of the calculated consideration	Par value of total securities
Public offering (cash consideration)	Commercial papers		Institutional	450,000,000	1 New Shekel	——	450,000,000 New Shekel	1 New Shekel
	——
	0000
	Commercial paper series 6

*Price per 1 security

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

Type of issuance	Type, number and name of security on the TASE	Total quantity of securities	Average closing price* / value of the security on the trading day preceding the exchange date	Future exercise price	Total amount of the calculated consideration	Par value of total securities	Date of execution of the action**	Securities offered:
			Not yet determined				Not yet determined

Notes:

*Average closing price of the security of the same type during the first three trading days after listing for trading.

**In the case of listing for trading/release from lock-up/stock dividend (dividend in kind), the date is the date of listing of the securities for trading on the TASE; in the case of an exchange tender offer, the date is the actual exchange date.

***In an exchange tender offer, the securities exchanged (received) must be reported. If the exchanged securities are not traded, the securities offered must be reported.

Please note: The total amount of the calculated consideration will be in accordance with the Securities Regulations (Application Fee for Authorization to Publish a Prospectus), 5755-1995. For your convenience, a link to the calculation table: Click here

If this is an exchange tender offer:

Consideration received in cash* in __ :

Consideration paid in cash** in 1

The cash consideration received by the offeror for the securities offered
*The cash consideration paid by the offeror in the framework of the tender offer

1. Details of underwriters and distributors in the issuance:

The issuance included: ☐ Underwriters ☐ Distributors ☐ None of the above

	Name	Role
1	Barak Leumi Underwriting Ltd
	Name	Lead underwriter
	Reg. no.	Underwriter
2	Leader Issuances (1993) Ltd	Lead underwriter
	Name	Underwriter
		Distributor

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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 Reg. no.	Role
3	Apax Issuances Ltd
	Name	Lead underwriter
	Reg. no.	Underwriter Distributor
4	Eximus Capital Markets Ltd
	Name	Lead underwriter
	Reg. no.	Underwriter Distributor
5	Value Base Underwriting and Offering Management Ltd
	Name	Lead underwriter
	Reg. no.	Underwriter Distributor
6	The Phoenix Underwriting Ltd
	Name	Lead underwriter
	Reg. no.	Underwriter Distributor
7	Menora Mivtachim Underwriting and Management Ltd
	Name	Lead underwriter
	Reg. no.	Underwriter Distributor
8	Extra Mile Underwriting (E.R.G.S) Ltd
	Name	Lead underwriter
	Reg. no.	Underwriter Distributor
9	Active Underwriting Ltd
	Name	Lead underwriter
	Reg. no.	Underwriter Distributor

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

	Name of signatory	Position
1	Avi Barzilay	Chief Executive Officer
2	Anna Dafna	Chief Financial Officer

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 5730-1970, a report submitted pursuant to these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff position on this matter can be found on the Authority's website: Click here.

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

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

Form structure update date:

09/12/2025

Short name: Afi Properties

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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.

Address: Yael Man (Allied Cities Tower)1, Ramat Hasharon4734501 Telephone: 03-5393562

, Fax: 03-5393523

Email: eranf@afi.global Company website: https://afi-properties.com

Former names of reporting entity: Africa Israel Properties Ltd

Name of electronic reporter: Eran PodemPosition: Vice President and General CounselName of employing company:

Address: Allied Cities Tower, Floor 250, Ramat Hasharon4713402Telephone: 03-5393562Fax: 03-5393678Email: eranf@afi.global