B Communication — Share Issue/Capital Change 2025

Oct 8, 2025

B COMMUNICATIONS LTD

B COMMUNICATIONS LTD

Registration Number: 512832742

To: Israel Securities Authority To: TEL AVIV STOCK EXCHANGE LTD Form Number: T087 (Public) Sent via MAGNA: 08/10/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01-074421

Capital Structure, Grant of Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

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

Nature of the Change:

_________, _________, _________.

Exercise of warrants

Explanation: Please briefly describe the nature of the change.

Reference numbers of previous reports on the subject:

1. The corporation's securities after the change:

Name and Type of Security	Security Number on TASE	Quantity in Registered Capital	Issued and Paid-up Capital	Quantity Registered in the Name of the Registration Company
B COMMUNICATIONS LTD Ordinary Share	1107663	300,000,000	Last Report: 116,568,402 Current: 116,842,128	116,542,402
B COMMINK RED	1114495	0	Last Report: 12,173,530 Current: 12,173,530	0
B COMMUNICATIONS LTD 01/21	1185636	0	Last Report: 5,344,862 Current: 4,662,362	0

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

2. The corporation announces that:

On the date: 08/10/2025

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

Description of the nature of the change: Exercise of warrants

Explanation: Please describe all details of the transaction or action that caused the change in the corporation's securities.

Details:

• Name of registered holder affected by the change: Altshuler Trustees Ltd.
• Type of identification number: Number in the Israeli Companies Register
• Identification number: 513901330
• Nature of the change: Exercise of warrants
• Date of change: 08/10/2025
• Executed via TASE clearing house: No
• Type and name of security affected: B COMMUNICATIONS LTD 01/21
• Security number on TASE: 1185636
• Holder's balance in the security in the last report: 5,344,862
• Holder's balance in this security after the change: 4,662,362
• Total quantity of securities increased/decreased: 682,500
• Is this a grant of rights to purchase shares: No
• Total consideration for allocated securities: _________
• Security number on TASE of the share resulting from the exercise: _________
• Number of shares resulting from full exercise/conversion: _________
• Total additional consideration from full exercise/conversion: _________
• Period during which the security can be exercised: _________
• From: _________ To: _________
• Allocated securities will be registered for trading: _________
• The allocation of said securities is further to _________ published on _________, reference number _________

• Other. Explanation: Exercise of warrants

• Name of registered holder affected by the change: The Registration Company of the TEL AVIV STOCK EXCHANGE LTD

• Type of identification number: Number in the Israeli Companies Register
• Identification number: 515736817
• Nature of the change: Exercise of warrants
• Date of change: 08/10/2025
• Executed via TASE clearing house: No
• Type and name of security affected: B COMMUNICATIONS LTD Ordinary Share
• Security number on TASE: 1107663
• Holder's balance in the security in the last report: 116,268,676
• Holder's balance in this security after the change: 116,542,402
• Total quantity of securities increased/decreased: 273,726
• Is this a grant of rights to purchase shares: No
• Total consideration for allocated securities: _________
• Security number on TASE of the share resulting from the exercise: _________
• Number of shares resulting from full exercise/conversion: _________
• Total additional consideration from full exercise/conversion: _________
• Period during which the security can be exercised: _________

From: To:
----------------------	--

• Allocated securities will be registered for trading: _________
• The allocation of said securities is further to _________ published on _________, reference number _________
• The security was fully paid and the consideration was fully received.

Explanations:

• 1. If the change affects more than one security, the effect of the change should be detailed in a separate row for each security.
• 1. Date of change all changes of the same type, in the same security, performed on the same day, should be summarized in one row. For this purpose – changes performed via the TASE clearing house should be separated from those performed directly in the company's books.
• 1. For a decrease, add the sign "-".
• 1. All quantity fields should indicate the number of securities and not NIS par value.

3. Main points of the share register as of the reporting date are as follows:

No.	Name of Registered Shareholder	Type of ID Number	ID Number	Security Number on TASE	Type of Shares and Par Value	Number of Shares	Holds Shares as Trustee
1

4. Attached is a file of the share register in accordance with Section 130 of the Companies Law, 1999

Shareholder Register PDF

5. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of bondholders

Securities Register PDF

Details of the authorized signatories on behalf of the corporation:

No.	Name of Signatory	Position
1	Tomer Rabid	CEO

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here.

Securities of the corporation are listed for trading on the TEL AVIV STOCK EXCHANGE LTD

Form structure update date: 06/08/2024

Short name: B COMMUNICATIONS LTD

Address: Menachem Begin 144, Tel Aviv 6492102 Phone: 03-6796101, Fax: 03-6796111

Email: tomer@bcomm.co.il Company website: www.bcommunications.co.il

Previous names of the reporting entity: 012 Smile.Communications Ltd.

Name of electronic reporter: Tomer Rabid Position: CEO Employer company name:

Address: Menachem Begin 144, Tel Aviv 649210 Phone: 03-6796101, Fax: 03-6796111 Email:

tomer@bcomm.co.il