Azorim Investment Development & Construction Co Ltd. — Regulatory Filings 2026

Feb 24, 2026

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Azorim Investment, Development and Construction Co. Ltd. ("the Company")

To To February 24, 2026

Israel Securities Authority The Tel Aviv Stock Exchange Ltd.

www.isa.gov.il www.tase.co.il

Re: Immediate Report – The Company's winning of public tender No. 10/2026 for the purchase of ownership rights in land for the construction of 226 residential units in Rishon LeZion

In response to media reports dated February 23, 2026, the Company is honored to update as follows:

During the envelope opening process conducted by the Rishon LeZion Municipality, the Company learned that the bid it submitted for the purchase of ownership rights in lot No. 104 according to plan 413-1275783, block 3947 in part of parcel 108 in Rishon LeZion ("the Lot"), is the highest bid among the bids submitted regarding the Lot (about which it was published as stated that it won). 1

The Lot has an area of approximately 4,861 square meters and according to the provisions of the updated Urban Building Plan, 226 residential units can be built on it. The bid submitted by the Company for the purchase of ownership rights in the Lot stands at a total of approximately NIS 306.5 million plus VAT as required by law.

It should be clarified that as of the date of this report, no official winning notice has been received by the Company from the Rishon LeZion Municipality.

As far as the winning notice is received, the Company intends to finance the purchase consideration through equity and bank financing or financing from institutional bodies.

It should be emphasized that what is stated in this report includes forward-looking information as defined in the Securities Law, 5728-1968. This information is based on information provided and known to the Company at the date of the report, and it may not materialize or may materialize in a materially different manner than described above, including due to factors not under the Company's control and including the winning of the tender itself.

Sincerely,

Azorim Investment, Development and Construction Co. Ltd.

By: Adi Dana, Company CEO

Levi Stressler, CFO

The bid was submitted by Azorim Construction (1965) Ltd., a wholly-owned subsidiary of the Company. 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. .

2/24/2026 | 6:46:19 AM