B Communication

M&A Activity • Nov 18, 2025

B Communications Ltd.

B Communications Ltd. (the "Company")

To: Israel Securities Authority Via MAGNA

To: The Tel Aviv Stock Exchange Ltd. Via MAGNA

November 18, 2025

Re: Sale of Shares in Subsidiary – Bezeq The Israel Telecommunication Corp. Ltd. (Bezeq)

The Company is honored to announce that on November 18, 2025, it sold, in an off-exchange transaction, 441,135,157 ordinary shares of Bezeq, with a par value of NIS 1 each (the "Sold Bezeq Shares"), constituting all of the Company's holdings in Bezeq, to several institutional entities.

In consideration for the Sold Bezeq Shares, the Company will receive NIS 6.20 for each Bezeq share, with the total consideration for the sold shares amounting to approximately NIS 2,735 million (the "Consideration").

Upon completion of the sale as aforementioned, the Company will cease to hold shares in Bezeq. For details regarding the amendment of the permit of control in Bezeq, see the immediate report published by the Company on November 11, 2025 (Reference: 2025-01-086208).

Respectfully, B Communications Ltd.

By: Tomer Raved, CEO

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