Azorim Investment Development & Construction Co Ltd. — Major Shareholding Notification 2026

May 3, 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.

AZORIM INVESTMENT, DEVELOPMENT AND CONSTRUCTION COMPANY LTD

AZORIM-INVESTMENT, DEVELOPMENT & CONSTRUCTION CO. LTD

Number in the Register: 520025990

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

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

T076 (Public)

Filed via MAGNA: 03/05/2026

Reference No.: 2026-01-040517

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. To report a change in holdings in securities of a held company of the reporting corporation if its activity is material to the activity of the reporting corporation, use Form T121

1 Name of corporation / surname and first name of the holder: Chaim Hersh Friedman

Name of corporation / surname and first name of the holder in English as registered with the Registrar of Companies or in the passport:

Chaym Hersh Friedman

Type of identification number: Passport number

Identification number of the holder: AD855533

Type of holder: Interested party who does not meet any of the other definitions

The hedge fund has the right to appoint a director or its representative to the company's board of directors

Is the holder serving as a representative for the purpose of reporting for several shareholders who hold together with him securities of the corporation: Yes

Name of the controlling shareholder in the interested party N/A

Identification number of the controlling shareholder in the interested party N/A

Citizenship / country of incorporation or registration: Private individual without Israeli citizenship

Country of citizenship / incorporation or registration: Canadian passport

Security number on the stock exchange: 715011

Name and type of the security: Ordinary share

Nature of the change: Increased due to purchase 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 carried out in this manner.

Is this a change in a single transaction or several transactions (aggregate change): Several transactions

Date of change: 01/05/2026

Transaction price: 1,980 Currency Agorot

Whether they are dormant shares or securities convertible into dormant shares: No

Balance (in quantity of securities) in the last report: 139,903,161 Holding percentage of all securities of the same type in the last report: % 63.65

Change in quantity of securities: 810+

Current balance (in quantity of securities): 139,903,971 Current holding percentage of all securities of the same type: % 63.65

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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.

Holding percentage after the change: in equity: % 63.65 in voting power: % 63.65

Explanation: The holding percentage after the change does not relate to convertible securities.

Holding percentage after the change on a fully diluted basis: in equity: % 62.39 in voting power: % 62.39

Note No. 1

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

No.

Note

1

As was reported to the company and to the best of its knowledge on the date of preparation of the report, Mr. Hershey Friedman, who serves as chairman of the company's board of directors, holds shares of the company as detailed above, partly indirectly through Adarim Star Ltd., and partly directly. Adarim Star Ltd., Reg. No. 514586643, is a private company incorporated in Israel, wholly owned by Mr. Friedman. On May 1, 2026, Mr. Friedman carried out several transactions via Adarim Star Ltd. to purchase 810 shares of the company and therefore the price presented is the average price of these transactions.

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

If all the consideration was not paid on the date of the change, please specify the date of completion of payment:

1. If the change is by way of signing a lending agreement, please specify details regarding the manner of ending the lending:

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

1. The date and time on which the corporation first became aware of the event or matter 01/05/2026 at 14:02

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	Levi Strassler	Vice President Finance

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 those authorized to sign on behalf of the corporation. The Staff's position on the subject can be found on the Authority's website: Click here.

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

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

Form structure update date: 04/02/2025

Short name: AZORIM

Address: Aranha32, Tel Aviv6107034 Telephone: 03-7613401, 03-5632770Fax: 03-7613405

Email: LILACH@AZORIM.CO.IL

Previous names of reporting entity:

Name of electronic reporter: Strassler LeviHis position: Chief Financial OfficerName of employing company:

Address: Osvaldo Aranha 32, Tel Aviv 6107034Telephone: 03-5632632Fax: 03-5632620Email: Levi@azorim.co.il