Azorim Investment Development & Construction Co Ltd. — Share Issue/Capital Change 2026

Feb 25, 2026

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Registration No.: 520025990		AZORIM Investment, Development & Construction Co. Ltd. AZORIM-INVESTMENT, DEVELOPMENT & CONSTRUCTION CO. LTD
www.isa.gov.il		To: Israel Securities Authority To: Tel-Aviv Stock Exchange Ltd. T087 ( Public ) Filed via MAGNA: 25/02/2026 www.tase.co.il			Reference No.:	2026-01-017596
		Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970				Share Capital Structure, Grant of Rights to Purchase Shares and the Corporation's Securities Registers and Changes Therein
Nature of the change: Private placement of shares and warrants not listed for trading Explanation: Briey describe the nature of the change
	Reference numbers of previous reports on the subject:,,
1. The corporation's securities following the change:
Name and type of security	TASE security No.	Amount in registered capital	Issued and paid-up capital Quantity in last report	Current quantity		Quantity registered in the name of the Registration Company
Ordinary shares	715011	300000000	211,139,953 219,797,963		219,796,511
BONDS (Series 13)	7150410	0	138,742,816 138,742,816		138,742,816
BONDS (Series 14)	7150444	0	538,162,800 538,162,800		538,162,800
BONDS (Series 15)	7150451	0	153,630,400 153,630,400		153,630,400
BONDS (Series 16)	1223486	0	259,906,000 259,906,000		259,906,000
Commercial papers Series 1	1207810	0	100,000,000 100,000,000		100,000,000
Restricted share units (RSU)	1223619	0	123,762 123,762		0
Warrants to others 000000		0	0 4,329,005		0
		Explanation: Specify all the company's securities, including securities not listed for trading.
2. The corporation reports that: On the date 25/02/2026 From date		to date
purchase shares) as a result of:						A change occurred in the quantity and in the register of holders of the corporation's securities (including rights to
Private placement of shares and warrants not listed for trading pursuant to the private Description of the placement report published by the company on February 20, 2026 (Reference No.: 2026-01- nature of the change 016437)
						Explanation: Describe all details of the transaction or action giving rise to the change in the corporation's securities.
		Name of registered holder in respect of whom the change occurred: Mizrahi Tefahot Registration Company Ltd.
1 Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249

Nature of the change: Private placement _________ Date of change: 25/02/2026Executed through the TASE Clearing House: Yes

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Type and name of security in which the change occurred: Ordinary shares TASE security No.: 715011
Holder's balance in the security in last report: 211,138,501
Holder's balance in this security after the change: 219,796,511
Total quantity of securities by which there was a decrease/increase: 8,658,010
Is this a grant of rights to purchase shares No
Total consideration for the securities allotted: TASE number of the share that will result from exercise of the security:
Number of shares that will result from full exercise/conversion of the security:
Total exercise premium to be received from full exercise/conversion of the security into shares:
Period during which the security may be exercised: Fromto
The securities allotted will be listed for trading:
The said allotment of securities is further topublished onand its reference No. is The security has been fully paid up and the consideration has been fully received. The security has been fully paid up, but the consideration has not been fully received. Issued for an ATM program Other. Consideration has not yet been received
Name of registered holder in respect of whom the change occurred: Mor Provident Funds and Pension Ltd.
2 Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 514956465
Nature of the change: Private placement
Date of change: 25/02/2026Executed through the TASE Clearing House: No
Type and name of security in which the change occurred: Warrants to others
TASE security No.: 000000 Holder's balance in the security in last report: 0
Holder's balance in this security after the change: 2,164,500
Total quantity of securities by which there was a decrease/increase: 2,164,500
Is this a grant of rights to purchase shares Yes
Total consideration for the The warrants were allotted without consideration as stated in the immediate report securities allotted: dated February 20, 2026 (Reference No.: 2026-01-016437)
TASE number of the share that will result from exercise of the security: 715011
Number of shares that will result from full exercise/conversion of the security: 2,164,500
Total exercise premium to be received from full exercise/conversion of the security into shares: 3,000 agorot for each warrant

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The securities allotted will be listed for trading: No
The said allotment of securities is further to Private placement offering reportpublished on 20/02/2026and its reference No. is 2026-01-016437
The security has been fully paid up and the consideration has been fully received.
The security has been fully paid up, but the consideration has not been fully received.
Issued for an ATM program Other.
The warrants were allotted without consideration
Name of registered holder in respect of whom the change occurred: Yelin Lapidot Portfolio Management Ltd. (for Best Invest) 3
Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 513524462
Nature of the change: Private placement
Date of change: 25/02/2026Executed through the TASE Clearing House: No
Type and name of security in which the change occurred: Warrants to others TASE security No.: 000000
Holder's balance in the security in last report: 0
Holder's balance in this security after the change: 60,606
Total quantity of securities by which there was a decrease/increase: 60,606
Is this a grant of rights to purchase shares Yes
Total consideration for the The warrants were allotted without consideration as stated in the immediate report securities allotted: dated February 20, 2026 (Reference No.: 2026-01-016437)
TASE number of the share that will result from exercise of the security: 715011
Number of shares that will result from full exercise/conversion of the security: 60,606
Total exercise premium to be received from full exercise/conversion of the security into shares: 3,000 agorot for each warrant
Period during which the security may be exercised: From the date of their allotment and for a period of two years From 25/02/2026to 24/02/2028
The securities allotted will be listed for trading: No
The said allotment of securities is further to Private placement offering reportpublished on 20/02/2026and its reference No. is 2026-01-016437
The security has been fully paid up and the consideration has been fully received.
The security has been fully paid up, but the consideration has not been fully received.
Issued for an ATM program
Other. The warrants were allotted without consideration
Name of registered holder in respect of whom the change occurred: Yelin Lapidot Provident Funds Management Ltd. 4
Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 513611509
Nature of the change: Private placement
Date of change: 25/02/2026Executed through the TASE Clearing House: No

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Type and name of security in which the change occurred: Warrants to others TASE security No.: 000000
Holder's balance in the security in last report: 0
Holder's balance in this security after the change: 551,949
Total quantity of securities by which there was a decrease/increase: 551,949
Is this a grant of rights to purchase shares Yes
Total consideration for the The warrants were allotted without consideration as stated in the immediate report securities allotted: dated February 20, 2026 (Reference No.: 2026-01-016437) TASE number of the share that will result from exercise of the security: 715011
Number of shares that will result from full exercise/conversion of the security: 551,949
Total exercise premium to be received from full exercise/conversion of the security into shares: 3,000 agorot for each warrant Period during which the security may be exercised: From the date of their allotment and for a period of two years
From 25/02/2026to 24/02/2028
The securities allotted will be listed for trading: No
The said allotment of securities is further to Private placement offering reportpublished on 20/02/2026and its reference No. is 2026-01-016437
The security has been fully paid up and the consideration has been fully received. The security has been fully paid up, but the consideration has not been fully received. Issued for an ATM program Other.
The warrants were allotted without consideration
Name of registered holder in respect of whom the change occurred: Mahog – Provident Fund Manager for Employees of the Israel Electric Corporation Ltd.
5 Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 512362914
Nature of the change: Private placement
Date of change: 25/02/2026Executed through the TASE Clearing House: No
Type and name of security in which the change occurred: Warrants to others TASE security No.: 000000
Holder's balance in the security in last report: 0
Holder's balance in this security after the change: 36,797
Total quantity of securities by which there was a decrease/increase: 36,797
Is this a grant of rights to purchase shares Yes
Total consideration for the The warrants were allotted without consideration as stated in the immediate report securities allotted: dated February 20, 2026 (Reference No.: 2026-01-016437) TASE number of the share that will result from exercise of the security: 715011
Number of shares that will result from full exercise/conversion of the security: 36,797

3,000 agorot for each warrant

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Period during which the security may be exercised: From the date of their allotment and for a period of two years From 25/02/2026to 24/02/2028
The securities allotted will be listed for trading: No
The said allotment of securities is further to Private placement offering reportpublished on 20/02/2026and its reference No. is 2026-01-016437
The security has been fully paid up and the consideration has been fully received. The security has been fully paid up, but the consideration has not been fully received.
Issued for an ATM program Other.
The warrants were allotted without consideration
Name of registered holder in respect of whom the change occurred: Harel Phoenix Financials Ltd. – Participating 6
Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 520017450
Nature of the change: Private placement
Date of change: 25/02/2026Executed through the TASE Clearing House: No
Type and name of security in which the change occurred: Warrants to others TASE security No.: 000000
Holder's balance in the security in last report: 0
Holder's balance in this security after the change: 974,026
Total quantity of securities by which there was a decrease/increase: 974,026
Is this a grant of rights to purchase shares Yes
Total consideration for the The warrants were allotted without consideration as stated in the immediate report securities allotted: dated February 20, 2026 (Reference No.: 2026-01-016437)
TASE number of the share that will result from exercise of the security: 715011
Number of shares that will result from full exercise/conversion of the security: 974,026
Total exercise premium to be received from full exercise/conversion of the security into shares: 3,000 agorot for each warrant
Period during which the security may be exercised: From the date of their allotment and for a period of two years From 25/02/2026to 24/02/2028
The securities allotted will be listed for trading: No
The said allotment of securities is further to Private placement offering reportpublished on 20/02/2026and its reference No. is 2026-01-016437
The security has been fully paid up and the consideration has been fully received. The security has been fully paid up, but the consideration has not been fully received. Issued for an ATM program
Other. The warrants were allotted without consideration
Name of registered holder in respect of whom the change occurred: Harel Phoenix Financials Ltd. – Nostro
7 Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 520017450
Nature of the change: Private placement

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Date of change: 25/02/2026Executed through the TASE Clearing House: No
Type and name of security in which the change occurred: Warrants to others TASE security No.: 000000
Holder's balance in the security in last report: 0
Holder's balance in this security after the change: 108,226
Total quantity of securities by which there was a decrease/increase: 108,226
Is this a grant of rights to purchase shares Yes
Total consideration for the The warrants were allotted without consideration as stated in the immediate report securities allotted: dated February 20, 2026 (Reference No.: 2026-01-016437)
TASE number of the share that will result from exercise of the security: 715011
Number of shares that will result from full exercise/conversion of the security: 108,226
Total exercise premium to be received from full exercise/conversion of the security into shares: 3,000 agorot for each warrant
Period during which the security may be exercised: From the date of their allotment and for a period of two years
From 25/02/2026to 24/02/2028
The securities allotted will be listed for trading: No
The said allotment of securities is further to Private placement offering reportpublished on 20/02/2026and its reference No. is 2026-01-016437
The security has been fully paid up and the consideration has been fully received. The security has been fully paid up, but the consideration has not been fully received. Issued for an ATM program
The warrants were allotted without consideration
Name of registered holder in respect of whom the change occurred: Migdal Insurance and Financial Holdings Ltd. – Participating 8
Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 520029984
Nature of the change: Private placement
Date of change: 25/02/2026Executed through the TASE Clearing House: No
Type and name of security in which the change occurred: Warrants to others TASE security No.: 000000
Holder's balance in the security in last report: 0
Holder's balance in this security after the change: 432,901
Total quantity of securities by which there was a decrease/increase: 432,901
Is this a grant of rights to purchase shares Yes
Total consideration for the The warrants were allotted without consideration as stated in the immediate report securities allotted: dated February 20, 2026 (Reference No.: 2026-01-016437) TASE number of the share that will result from exercise of the security: 715011

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Total exercise premium to be received from full exercise/conversion of the security into shares:
3,000 agorot for each warrant
Period during which the security may be exercised: From the date of their allotment and for a period of two years
From 25/02/2026to 24/02/2028
The securities allotted will be listed for trading: No
The said allotment of securities is further to Private placement offering reportpublished on 20/02/2026and its reference No. is 2026-01-016437
The security has been fully paid up and the consideration has been fully received.
The security has been fully paid up, but the consideration has not been fully received.
Issued for an ATM program
Other.
The warrants were allotted without consideration
Explanations: 1. If the change affects more than one security, specify the effect of the change in a separate line for each security. 2. Date of change – All changes of the same type, in the same security, that were made on the same day, shall be summarized in one line. For this purpose – distinguish between changes made through the TASE Clearing House and changes made directly in the company's books.
3. The change – for a decrease add the sign "-". 4. In all quantity elds specify the number of securities and not NIS par value. A change occurred only in the corporation's register of holders of securities (without a change in the number of the
corporation's securities) as a result of:
Description of the nature of the change Explanation: Describe all details of the transaction or action giving rise to the change in the register
1 Name of registered holder in respect of whom the change occurred: Type of identication number: Identication number:
Date of change: Executed through the TASE Clearing House:
Type and name of security in which the change occurred:
TASE security No.:

1. Main details of the share register as at the report date are as follows:

Holder's balance in this security after the change: _________

No.	Name of registered shareholder	Type of identication number	Identication number	TASE security number	Type of shares and their par value	Number of shares	Whether holds the shares as trustee
1

• 1. Attached is a le of the share register in accordance with the provisions of Section 130 of the Companies Law, 1999 Azorim_Share_Register_isa.pdf
• 1. Attached is an updated le of the corporation's securities registers, including the warrants holders register and the BONDS holders register _Azorim_Securities_Register_isa.pdf

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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.

Name of signatory Position
1 Levi Stresler	Chief Financial Ofcer

Explanation: Pursuant to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report led under these regulations shall be signed by the persons authorized to sign on behalf of the corporation. Staff position on this subject can be found on the ISA website: Click here .

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

The corporation's securities are listed for trading on the Tel-Aviv Stock Exchange

Form structure update date:

06/08/2024

Short name: Azorim

Address: Arania32 , Tel Aviv6107034 Telephone: 03-7613401 , 03-5632770Fax: 03-

7613405

Email: LILACH@AZORIM.CO.IL

Previous names of reporting entity:

Name of electronic ler: Zonenschein Hershkovitz Amit Position: Legal Counsel and Company SecretaryEmployer company

name:

Address: Arania 32 , Tel-Aviv 6107034Telephone: 03-5632632Fax: 03-7613405Email: amit@azorim.co.il