ARGO Properties N.V. — Major Shareholding Notification 2026

May 10, 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.

Argo Properties N.V.
ARGO PROPERTIES N.V
Registration number: 70252750

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

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

T076 (Public)
www.tase.co.il

Transferred by MAGNA: 10/05/2026
Reference: 2026-01-043014

Immediate report on changes in holdings of interested parties and senior officers
Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting a change in holdings in securities of the reporting corporation only. For reporting a change in holdings in securities of an investee company of the reporting corporation, if its activity is material to the activity of the reporting corporation, Form T121 should be used.

Name of corporation / surname and first name of the holder:	Clal Insurance Enterprises Holdings Ltd. (provident funds and companies for managing provident funds)
Name of corporation / surname and first name of the holder in English as registered in the Companies Registry or in the passport:	CLAL INSURANCE ENTERPRISES HOLDINGS LTD
Type of identification number:	Number in the Israeli Companies Registry
Identification number of the holder:	520036120
Type of holder:	Provident funds and companies for managing provident funds
The hedge fund has the right to appoint a director or its representative on the company's board of directors	☐
Does the holder serve as a representative for the purpose of reporting several shareholders who hold securities of the corporation together with it:	Yes
Name of the controlling shareholder in the interested party	None
Identification number of the controlling shareholder in the interested party	None
Citizenship / country of incorporation or registration:	Incorporated in Israel
Country of citizenship / incorporation or registration:	☐
Stock exchange security number:	1175371
Name and type of the security:	Argo Properties ordinary share
Nature of the change:	Decrease ☐ due to sale on the stock exchange
Note:	Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in Part Three of the TASE Regulations, will be classified as an off-exchange transaction, while providing disclosure in the free text field that the transaction was executed in this manner.
Is the change in a single transaction or several transactions (cumulative change):	Single transaction
Date of change:	07/05/2026
Transaction price:	13,973 Currency agorot
Whether they are dormant shares or securities convertible into dormant shares:	No
Balance (in quantity of securities) in the last report:	2,273,508 Holding percentage out of all securities of the same type in the last report: % 10.21
Change in quantity of securities:	290,000-
Current balance (in quantity of securities):	1,983,508 Current holding percentage out of all securities of the same type:

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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.

% 8.91
Holding percentage after the change: in equity: % 8.91 In voting power: % 8.91Explanation: Holding percentage after the change does not relate to convertible securities.
Holding percentage after the change on a fully diluted basis: in equity: % 7.42 In voting power: % 7.42
Note no. 1
2 Name of corporation / surname and first name of the holder: Clal Insurance Enterprises Holdings Ltd. (nostro account)Name of corporation / surname and first name of the holder in English as registered in the Companies Registry or in the passport:CLAL INSURANCE ENTERPRISES HOLDINGS LTDType of identification number: Number in the Israeli Companies RegistryIdentification number of the holder: 520036120Type of holder: Nostro accountThe hedge fund has the right to appoint a director or its representative on the company's board of directors __Does the holder serve as a representative for the purpose of reporting several shareholders who hold securities of the corporation together with it: Yes
Name of the controlling shareholder in the interested party NoneIdentification number of the controlling shareholder in the interested party NoneCitizenship / country of incorporation or registration: Incorporated in Israel
Country of citizenship / incorporation or registration: __
Stock exchange security number: 1175371
Name and type of the security: Argo Properties ordinary shareNature of the change: Decrease __ due to sale on the stock exchange
Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in Part Three of the TASE Regulations, will be classified as an off-exchange transaction, while providing disclosure in the free text field that the transaction was executed in this manner.
Is the change in a single transaction or several transactions (cumulative change): Several transactions
Date of change: 07/05/2026
Transaction price: 14,051 Currency agorot
Whether they are dormant shares or securities convertible into dormant shares: No
Balance (in quantity of securities) in the last report: 287,801 Holding percentage out of all securities of the same type in the last report: % 1.29
Change in quantity of securities: 157,463-
Current balance (in quantity of securities): 130,338 Current holding percentage out of all securities of the same type: % 0.71
Holding percentage after the change: in equity: % 0.71 In voting power: % 0.71Explanation: Holding percentage after the change does not relate to convertible securities.
Holding percentage after the change on a fully diluted basis: in equity: % 0.59 In voting power: % 0.59
Note no. 1

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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.

Note: If the value "increase due to a forced purchase of borrowed securities" or the value "decrease due to a forced sale of borrowed securities" is selected, then securities borrowed that were not returned to the lender and therefore the borrowing transaction became a forced purchase and the lending transaction became a forced sale.

No.

Note

1

Clal Insurance Enterprises Holdings Ltd., Co. Reg. No. 52-003612-0 ("Clal Holdings") is an Israeli resident company and its securities are listed for trading on the Tel Aviv Stock Exchange Ltd. On December 10, 2019, Clal Holdings reported to the stock exchange and the Israel Securities Authority about its becoming a company without a controlling core. Clal Holdings is considered an "interested party" in your company, by virtue of the aggregate holdings of profit-participating life insurance accounts and management companies under its control and management ("Clal Group"). The holdings detailed in Section 1 under "provident funds and companies for managing provident funds" include 1,983,508 company shares held directly through the partnership "Clal Group Members – Israel Shares Basket" (hereinafter: the "Partnership"). The Partnership is a registered general partnership all of whose rights are held by companies in the Clal Group. The Partnership itself is not a management company and/or profit-participating life insurance accounts. According to a report received from the holder, a total of 900 shares are on loan.

1. Was the entire consideration paid on the date of the change Yes

If the entire consideration was not paid on the date of the change, please specify the date on which payment was completed:

1. If the change is by way of signing a loan (securities lending) agreement, please provide details regarding how the loan will be terminated:

Explanation: The holding percentages should be stated taking into account all securities held by the interested party.

1. The date and time when the corporation first became aware of the event or matter 10/05/2026 at 12:30

2. Details of the actions that caused the change

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

	Name of signatory	Position
1	Gal Tenenbaum	Joint CEO
2	Fred Ganea	Other
VP Strategy, Transactions and Financing

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

Regarding Section 2 – the transaction price specified above is the transaction price in the sale of 21,350 company shares on the stock exchange by the interested party on May 7, 2026, as was reported to the company by the interested party. 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

Form structure update date: 04/02/2025

Short name: Argo Properties

Address: pietersbergweg283, Amsterdam1105BM Telephone: 31207920060, Fax: 0793002104

Email: f.ganea@argo-nv.com

Previous names of reporting entity:

Name of electronic filer: Ganea FredPosition: Senior ManagerEmployer company name:

Address: HaMenofim10, Herzliya4672561Telephone: 054-4676429Fax: 079-3002104Email: f.ganea@argo-nv.com