Azorim Investment Development & Construction Co Ltd.

AGM Information • Dec 31, 2025

AZORIM-INVESTMENT, DEVELOPMENT & CONSTRUCTION CO. LTD

Immediate Report on General Meeting Results

Regulation 36d of the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 13 of the Securities Regulations (Transaction between a Company and its Controlling Shareholder), 2001

Regulation 22 of the Securities Regulations (Private Offering of Securities in a Listed Company), 2000

Explanation: This form is used to report all types of meetings.

Clarification: This form must be completed for each security for which a notice regarding convening a meeting (Form T-460) was

published.

Meeting Reference Number: 2025-01-093022

Security Number on the Exchange granting eligibility to participate in the meeting: 715011

Name on the Exchange of the Eligible Security: Azorim 1 ILS

In the Meeting

Type of Meeting: Extraordinary General Meeting

Date convened: 31/12/2025

Reference Number of Invitation Publication: 2025-01-093022

Subjects and Decisions on the Agenda:

No.	Agenda Item Number (per T460)	Details of the Item	Summary of the Resolution	Meeting Decision
1	1	Item Essence: Appointment of Mr. Lior Mor for an additional (third) term as an external director in the company.
Type of majority required: Not a regular majority.
Classification according to the Companies Law (except sections 275, 320(f)): Appointment/extension of term of an external director as stated in sections 239(b) or 245 of the Companies Law.
Is it a transaction with a controlling shareholder? No.
Type of transaction/subject for vote:	Approval of the appointment of Mr. Lior Mor as an external director on the Board of Directors for an additional (third) term of three years beginning 9 January 2026	Approve
2	2	Item Essence: Appointment of Mr. Avraham Elimelech for an additional (third) term as an external director in the company.
Type of majority required: Not a regular majority.
Classification according to the Companies Law (except sections 275, 320(f)): Appointment/extension of term of an external director as stated in sections 239(b) or 245 of the Companies Law.
Is it a transaction with a controlling shareholder? No.
Type of transaction/subject for vote:	Approval of the appointment of Mr. Avraham Elimelech as an external director on the Board of Directors for an additional (third) term of three years beginning 9 January 2026	Approve

Details of the votes on resolutions requiring a non-regular majority:

1. Appointment of Mr. Lior Mor for an additional (third) term as external director:

Meeting decision: Approve

Type of the resolution: _________

	Amount	Votes FOR	Votes AGAINST
Total Voting Rights	211,139,953
Shares / Securities that participated	202,294,064
Shares / Securities counted in the tally	202,267,345	202,109,401	157,944
		(99.92%)	(0.08%)
Shares / Securities not classified as holders of a personal interest (1)	63,107,962	62,950,018	157,944
		(99.75%)	(0.25%)

Note 1: Shares/securities that participated in the vote and were not classified as held by those with a personal interest or held by a controlling shareholder; for external director appointments, not considered to have a personal interest in the approval unless it's not due to relations with the controlling shareholder. Note 2: Percentage of votes for/against the transaction out of all voters without a personal interest in the transaction / not controlling shareholders or with personal interest in the approval (except interest not due to relations with the controlling shareholder).

Percentage of votes in favor (not from those with a personal interest): 99.75%

Percentage of voters against out of total voting rights in the company: 0.07%

Explanation: The number of shares included in the tally does not take into account 26,719 abstained votes.

• Did the company classify a shareholder who voted against the transaction as having a personal interest? No
• Did the company classify a shareholder in a way contrary to their self-classification? No

2. Appointment of Mr. Avraham Elimelech for an additional (third) term as external director:

Meeting decision: Approve

Type of the resolution: _________

	Amount	Votes FOR	Votes AGAINST
Total Voting Rights	211,139,953
Shares / Securities that participated	202,294,064
Shares / Securities counted in the tally	202,267,345	202,109,401	157,944
		(99.92%)	(0.08%)
Shares / Securities not classified as holders of a personal interest (1)	63,107,962	62,950,018	157,944
		(99.75%)	(0.25%)

Note 1: Shares/securities that participated in the vote and were not classified as held by those with a personal interest or held by a controlling shareholder; for external director appointments, not considered to have a personal interest in the approval unless it's not due to relations with the controlling shareholder. Note 2: Percentage of votes for/against the transaction out of all voters without a personal interest in the transaction / not controlling shareholders or with personal interest in the approval (except interest not due to relations with the controlling shareholder).

Percentage of votes in favor (not from those with a personal interest): 99.75%

Percentage of voters against out of total voting rights in the company: 0.07%

Explanation: The number of shares included in the tally does not take into account 26,719 abstained votes.

• Did the company classify a shareholder who voted against the transaction as having a personal interest? No
• Did the company classify a shareholder in a way contrary to their self-classification? No

3. Details of voters in the meeting who are institutional, interested parties, or senior officers:

TXT File: 49_2025-01-093022.txt

Note: For further details see the relevant announcement to corporations, and use the 'Voting Outcome Processing Tool' provided by the authority. The corporation reporting bears sole responsibility for accuracy and completeness as required by law.

The 'Voting Outcome Processing Tool' can be downloaded from the Authority's website: here.

4. This report is submitted following the report(s) detailed below:

Type of Report	Date Published	Reference Number
Original	26/11/2025	2025-01-093022

Details of the authorized signatories for the corporation:

No.	Name of Signatory	Position
1	Levi Shtrasler	Deputy CEO, Finance

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), reports must be signed by those authorized to sign on behalf of the corporation. The staff's position can be found on the authority's website: Click here

Previous names of the reporting entity: None

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.

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange

Short Name: Azorim

Address: Arania 32, Tel Aviv, 6107034 Phone: 03-7613401, 03-5632770

Fax: 03-7613405

Email: LILACH@AZORIM.CO.IL

Electronic reporter's name: Zonnenschein Hershkowitz Amit

Position: Legal Advisor and Company Secretary

Email: amit@azorim.co.il

Address: Arania 32, Tel Aviv, 6107034

Phone: 03-5632632 Fax: 03-7613405

Form structure update date: 06/08/2024

Note: No images appeared in the original document.