Azorim Investment Development & Construction Co Ltd.

Major Shareholding Notification • Dec 31, 2025

AZORIM-INVESTMENT, DEVELOPMENT & CONSTRUCTION CO. LTD

Company Registration Number: 520025990

To:

• Israel Securities Authority (www.isa.gov.il)
• Tel-Aviv Stock Exchange Ltd (www.tase.co.il)

Form Number: 087ת) Public)

Filed via MAGNA: 31/12/2025 Reference: 2025-01-105866

Statement of Capital, Grant of Rights to Purchase Shares and Registers of the Corporation's Securities and their Changes

Regulation 31e of the Securities Regulations (Immediate Periodic Reports), 1970

Regulation 31(a) of the Securities Regulations (Immediate Periodic Reports), 1970

Regulation 31(b1) of the Securities Regulations (Immediate Periodic Reports), 1970

Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change

Partial redemption of principal of BONDS (Series 13) and partial redemption of principal of BONDS (Series 14) of the company
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Previous Report References: _________, _________, _________

1. The Corporation's Securities Following the Change:

Name and Type of Security	Exchange Security Number	Quantity in Registered Capital	Issued and Paid Capital	Quantity in Registering Company Name
Ordinary Shares	715011	300,000,000	211,139,953	211,138,501
BONDS (Series 13)	7150410	0	Last: 224,123,011	138,742,816
BONDS (Series 14)	7150444	0	Last: 653,483,400	538,162,800
BONDS (Series 15)	7150451	0	Last: 153,630,400	153,630,400
BONDS (Series 16)	1223486	0	Last: 259,906,000	259,906,000
Commercial papers Series 1	1207810	0	Last: 100,000,000	100,000,000
Restricted Stock Units (RSU)	1223619	0	Last: 123,762	0

Explanation: All the company's securities, including securities not traded, should be detailed.

2. The corporation hereby notifies that:

• On the date: 31/12/2025
• There was a change in both the quantity and register of securities holders (including rights to purchase shares) as a result of:

Partial redemption of principal of BONDS (Series 13) and partial redemption of principal of BONDS (Series 14) of the company

Explanation: Provide full details of the transaction or action which caused the change in the company's securities.

Details by Security:

1. Mizrahi Tefahot Registration Company Ltd

Type of change: Redemption Date of change: 31/12/2025

Executed through stock exchange clearinghouse: Yes Name and type of security affected: BONDS (Series 13)

Exchange number: 7150410

Security balance in last report: 224,123,011

Balance after change: 138,742,816

Change in number of securities: 85,380,195 (decrease)

Is this a grant of rights to purchase shares? No

Other: Partial redemption of principal of BONDS (Series 13)

2. Mizrahi Tefahot Registration Company Ltd

Type of change: Redemption Date of change: 31/12/2025

Executed through stock exchange clearinghouse: Yes Name and type of security affected: BONDS (Series 14)

Exchange number: 7150444

Security balance in last report: 653,483,400

Balance after change: 538,162,800

Change in number of securities: 115,320,600 (decrease)

Is this a grant of rights to purchase shares? No

Other: Partial redemption of principal of BONDS (Series 14)

Explanations:

• 1. If the change affects more than one security, specify the effect for each one separately.
• 1. Change date: all changes of the same type, in the same security, performed on the same day should be summed in one row. Should distinguish between changes done through the stock exchange clearinghouse and changes performed directly in the company's records.
• 1. For reductions, use the symbol "-".
• 1. All quantity fields must state the number of securities, not NIS par value.

3. Summary of the Register of Shareholders as of the Report Date

No.	Registered Shareholder's Name	ID Type	ID Number	Security Exchange Number	Type and Par Value of Shares	Quantity of Shares	Is the Holder a Trustee?
1

Attached: Azorim_Shareholder_Register_isa.pdf

File: Azorim_Shareholder_Register_isa.pdf

Attached: Azorim_Security_Register_isa.pdf

File: Azorim_Security_Register_isa.pdf

Details of Authorized Signatories for the Corporation:

No.	Name	Role
1	Adi Dana	CEO
2	Levi Strassler	CFO

According to regulation 5 of the Periodic Reports and Immediate Reports Regulations (1970), ^a report submitted under these regulations shall be signed by those authorized to sign on behalf of the corporation. The ISA staff's position on this matter can be found on the authority's website: Click here.

Securities of the Corporation are listed for trading on the Tel-Aviv Stock Exchange.

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.

Short Name: Azorim

Address: Aranya 32, Tel Aviv, 6107034

Phone: 03-7613401, 03-5632770

Fax: 03-7613405

Email: LILACH@AZORIM.CO.IL

Electronic Reporting Signatory Name: Levi Strassler

Role: CFO Email: Levi@azorim.co.il Tel: 03-5632632 Fax: 03-5632620 Address: Oswaldo Aranya 32, Tel Aviv, 6107034

Glossary Terms Used

• אגרות חוב / אג"ח / אגח / אגרות החוב = BONDS
• סדרה בלתי מסולקת = balance Outstanding
• בק"ע = regarding/Regard
• נע"מ = papers Commercial
• ע.נ = value Par
• ני"ע = Securities/Security
• אופ' / אופציות = (s(Warrant

Attachments

Azorim_Shareholder_Register_isa.pdf Alt: Shareholder Register file as per section 130 of the Companies Law, 1999.

Azorim_Security_Register_isa.pdf

Alt: Updated register file of the corporation's securities, including bondholders and warrant holders ledger.