Azorim Investment Development & Construction Co Ltd. — Remuneration Information 2026

Mar 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. .

Azorim Investment, Development and Construction Co. Ltd.

("The Company")

March 10, 2026

To

Israel Securities Authority

www.isa.gov.il

To

Tel Aviv Stock Exchange Ltd.

www.tase.co.il

Subject: Approval of the purchase of a directors' and officers' liability insurance policy in the Company in accordance with the Relief Regulations

The Company is pleased to announce that in accordance with Regulation 37a(5) of the Securities Regulations (Periodic and Immediate Reports), 5730-1970 and the Companies Regulations (Relief in Transactions with Interested Parties), 5760-2000 (the "Relief Regulations"), on March 2, 2026, the Company's Compensation Committee approved, pursuant to Regulation 1b1 of the Relief Regulations, the Company's engagement in a directors' and officers' liability insurance policy, subject to receiving approval from the insurance company which was received on March 9, 2026, on the terms as detailed below:

1. A directors' and officers' liability insurance policy in the Company, under similar but not identical terms to the existing policy, for a period from March 10, 2026 (the end of the existing insurance policy period) until September 9, 2027 (a period of 18 months), with a liability coverage limit of up to 35 million US dollars (per occurrence and in aggregate for the insurance period), with a deductible in an amount not exceeding a total of 125 thousand US dollars and for a premium in the amount of 198.8 thousand US dollars (the "New Policy"). In addition, the Compensation Committee approved the Company's engagement in a Side A DIC (Difference in Conditions) type directors' and officers' insurance policy for the same period, with a liability coverage limit of up to 5 million dollars, for a premium in the amount of 31.9 thousand US dollars.

2. The Company's compensation policy allows for the Company's engagement in a directors' and officers' liability insurance policy to be approved by the Compensation Committee alone according to Regulation 1b1 of the Relief Regulations, provided that the liability limit does not exceed 50 million US dollars per occurrence and for the policy period, and as long as the cost of the deductible and the cost of the premium do not constitute a material cost to the Company and are consistent with market conditions at the time the policy is issued.

3. Summary of the Compensation Committee's reasons for approving the engagement in the New Policy:

3.1 The purchase of a directors' and officers' liability insurance policy is a common protection among public companies in Israel, and is essential in order to allow the company's officers to act freely for its benefit while reducing their personal exposure, all subject to the limitations of the law.

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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. .

3.2 The Company's engagement in the new policy is in accordance with the provisions of the Companies Law, 5759-1999 ("Companies Law"), the Company's Articles of Association and the Company's compensation policy as approved by the general meeting of the Company's shareholders on June 17, 2025¹.

3.3 The liability insurance coverage terms of the new policy are similar to the liability insurance coverage terms of the current policy.

3.4 The terms of the new policy are at a reasonable cost to the Company considering the liability limits, the insurance market conditions, and considering the exposures of the Company's officers, the Company's areas of activity, the claims experience of the Company's officers and the scope of the proposed liability coverage.

3.5 The Company's engagement in the new policy is on market terms and is not likely to materially affect the Company's profitability, assets or liabilities.

3.6 The insurance terms for directors who are controlling shareholders or their relatives and for the Company's CEO are identical to the insurance terms of the rest of the Company's officers.

Sincerely,

Azorim-Investment, Development and Construction Co. Ltd.

By: Levi Strassler, CFO

¹ For additional details regarding the Company's compensation policy, see the Company's immediate report dated May 7, 2025 (Reference No.: 2025-01-032041), as amended on June 9, 2025 (Reference No.: 2025-01-041262), which are included in this report by way of reference.

3/10/2026 | 10:27:40 AM