Azrieli Group — Capital/Financing Update 2026

Mar 19, 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. .

Azrieli Group Ltd.

("the Company")

To

March 19, 2026

Israel Securities Authority

Via the MAGNA system

To

The Tel Aviv Stock Exchange Ltd.

Via the MAGNA system

Dear Sir/Madam,

Subject: Results of a tender for classified investors for receiving an early commitment for an issuance of the Company's shares

Further to the Company's immediate report dated March 18, 2026, regarding a capital raising move (Reference No.: 2026-01-024264), the Company is honored to announce as follows:

1. On March 19, 2026, a tender was held to receive an early commitment from classified investors (as defined in Section 1 of the Securities Regulations (Manner of Offering Securities to the Public), 2007), in connection with a possible issuance of ordinary shares of the Company of 0.1 NIS par value each (hereinafter: "the Shares"), in accordance with a shelf offering report that the Company may publish pursuant to the Company's shelf prospectus dated May 29, 2025.

2. The Shares were offered to the classified investors in units each comprising 100 shares by way of a tender on the unit price.

3. As part of the tender, orders were received including an early commitment to purchase 44,729 units in a total volume of approximately 2,010 million NIS, of which the Company accepted early commitments to purchase 31,913 units, for a total financial consideration of approximately 1,415 million NIS, at a price per unit of not less than 44,339 NIS, which will constitute the minimum unit price in the public offering (to the extent it takes place).

The Company's Board of Directors approved the issuance of the shares by way of a uniform offering, in a total volume of up to 31,913 units, subject to receiving approval from The Tel Aviv Stock Exchange Ltd. (hereinafter: "the TASE"), which as of this date has not yet been received.

It is clarified that the public offering, to the extent it is carried out, will be made within the framework of a shelf offering report, by way of a uniform offering, and that the scope of the offering and its other terms will be detailed therein. Furthermore, it is clarified that there is no certainty that the issuance will take place and it is subject to the Company's discretion and the receipt of the required approvals by law, including the approval of the TASE as stated.

Respectfully,

Azrieli Group Ltd.

Signed by: Adv. Nirit Zeevi, Deputy CEO, General Counsel and Company Secretary

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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. .

3/19/2026 | 11:51:21 PM