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

Jun 1, 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 & Construction Co. Ltd.

AZORIM-INVESTMENT, DEVELOPMENT & CONSTRUCTION CO. LTD

Number in the Register: 520025990

To: Israel Securities Authority
To: Tel Aviv Stock Exchange Ltd.
T087 (Public)
Filed via MAGNA: 01/06/2026

www.isa.gov.il
www.tase.co.il
Reference: 2026-01-052019

Share capital structure, grant of rights to purchase shares and the corporation's securities registers and changes therein

Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Regulation 32 of the Securities Regulations (Periodic and Immediate Reports) 5730 - 1970

Nature of the change: Exercise of restricted share units (RSU) into ordinary shares, following their vesting

Explanation: A brief description of the nature of the change must be provided

Reference numbers of previous reports on the subject: _, _, ____.

1. The corporation's securities position after the change:

Name and type of security	Security no. on the Exchange	Quantity in registered capital	Issued and paid-up capital		Quantity registered in the name of the company for registrations
			Quantity in last report	Current quantity
Ordinary shares	715011	300,000,000	219,797,963	219,828,904	219,827,452
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
Restricted Share Units (RSU)	1223619	0	123,762	92,821	0
Options to others	1237106	0	4,329,005	4,329,005	0
Commercial papers Series 1	1207810	0	100,000,000	100,000,000	100,000,000

Explanation: All of the company's securities must be detailed, including securities not listed for trading.

1. The corporation announces that:

☐ On the date 01/06/2026
☐ From date _ to date _

☐ A change has occurred in the quantity and in the register of the holders of the corporation's securities (including rights to purchase shares) as a result of:

Description of the nature of the change: Exercise of 30,941 restricted share units (RSU) into 30,941 ordinary shares following their vesting

Explanation: All of the details of the transaction or action that caused the change in the corporation's securities must be described.

Name of registered holder with respect to whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd.

Type of identification number: Number in the Israeli Companies Register Identification number: 510422249

Nature of the change: Other Exercise of restricted share units into ordinary shares

Date of change: 01/06/2026 Executed via the Stock Exchange Clearing House: Yes

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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.

Type and name of security in which a change occurred: Azorim ordinary share Security no. on the Exchange: 715011 Holder's balance in the security in the last report: 219,796,511 Holder's balance in this security after the change: 219,827,452 Total quantity of securities in which there was a decrease/increase: 30,941 Is this a grant of rights to purchase shares No Total consideration for securities allocated: _ The security number on the Exchange of the share that will result from the exercise of securities: _ Number of shares that will result from full exercise/conversion of securities: _ Total exercise premium to be received from full exercise/conversion of securities into shares: _ The period during which the securities may be exercised: _ From _until _ The securities allocated will be registered for trading: _ The allocation of said securities is further to _which was published on _and its reference number is _ ☐ The security has been fully redeemed and the consideration has been paid in full. ☐ The security has been fully redeemed, but the consideration has not been paid in full. ☐ Issued for an ATM program ☐ Other. _

Name of registered holder with respect to whom the change occurred: I.B.I. Trust Management 2 Type of identification number: Number in the Israeli Companies RegisterIdentification number: 515020428 Nature of the change: Other Exercise of restricted share units into ordinary shares Date of change: 01/06/2026Executed via the Stock Exchange Clearing House: No Type and name of security in which a change occurred: Restricted Share Units (RSU) Security no. on the Exchange: 1223619 Holder's balance in the security in the last report: 123,762 Holder's balance in this security after the change: 92,821 Total quantity of securities in which there was a decrease/increase: 30,941 Is this a grant of rights to purchase shares No Total consideration for securities allocated: _ The security number on the Exchange of the share that will result from the exercise of securities: _ Number of shares that will result from full exercise/conversion of securities: _ Total exercise premium to be received from full exercise/conversion of securities into shares: _ The period during which the securities may be exercised: ____

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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.

From until

The securities allocated will be registered for trading:

The allocation of said securities is further to _ which was published on _ and its reference number is _.

The security has been fully redeemed and the consideration has been paid in full.
The security has been fully redeemed, but the consideration has not been paid in full.
☐ Issued for an ATM program
Other.

Exercise of restricted share units (RSU) into ordinary shares, following their vesting.

Explanations:

1. If the change affects more than one security, the impact of the change must be detailed on a separate line for each security.
2. Date of change - all changes of the same type, in the same security, that were made on one day, shall be summarized on one line. For this purpose - changes made through the Stock Exchange Clearing House must be separated from changes made directly in the company's books.
3. The change - for a decrease, the sign "-" must be added.
4. In all quantity fields, the quantity of securities must be entered and not NIS par value.

A change has occurred only in the corporation's register of securities holders (without a change in the quantity of the corporation's securities) as a result of:

Description of the nature of the change

Explanation: All of the details of the transaction or action that caused the change in the register must be described

1 Name of registered holder with respect to whom the change occurred:
Type of identification number: Identification number:
Date of change: Executed via the Stock Exchange Clearing House:
Type and name of security in which a change occurred:
Security no. on the Exchange:
Quantity of change:
Holder's balance in this security after the change:

1. Main details of the shareholders' register as of the report date are as follows:

No.	Name of registered shareholder	Type of identification number	Identification number	Security number on the Exchange	Type of shares and their par value	Number of shares	Does he hold the shares as trustee
1

1. Attached is a file of the shareholders' register in accordance with the provisions of Section 130 of the Companies Law, 5759 - 1999 Azorim Shareholders Register Isa.pdf
2. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of BONDS holders Azorim Securities Register Isa.pdf

Details of the authorized signatories on behalf of the corporation:

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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 Strassler	Chief Financial Officer

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 – 1970), a report submitted under these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on the matter can be found on the Authority's 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: Arnia32, Tel Aviv6107034 Telephone: 03-7613401, 03-5632770Fax: 03-7613405

Email: LILACH@AZORIM.CO.IL

Former names of reporting entity:

Name of electronic reporter: Zonenschein Hershkowitz Amit Position: Legal Counsel and Company Secretary Name of employing company:

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