B Communication

Share Issue/Capital Change • Nov 20, 2025

B COMMUNICATIONS LTD

Registration Number: 512832742

To: Israel Securities Authority

www.isa.gov.il

To: Tel Aviv Stock Exchange Ltd.

www.tase.co.il

Form Number: T087 (Public) Filed via MAGNA: 20/11/2025

Reference number: 2025-01-089770

Capital Status, Grant of Rights to Purchase Shares, Securities Register Changes

(Regulation 31e, 31(a), 31(b1), and 32 to the Securities (Periodic and Immediate Reports) Regulations, 1970)

Nature of Change:
-------------------	--	--	--

Exercise of warrants

(Explanation: Briefly describe the nature of the change)

Reference Numbers of Previous Reports Regarding the Topic:
,,

1. Company's Securities Position after the Change:

Name and Type of Securities	Security No.	Quantity in Registered Capital	Issued and Paid-up Capital	Quantity Registered under Nominee Company
B COMMUNICATIONS Ordinary Share	1107663	300,000,000	Last Report: 116,842,128	117,042,064
			Current Quantity: 117,216,790
B COMM Red (Dormant)	1114495	0	Last Report: 12,173,530	0
			Current Quantity: 12,298,530
B COMMUNICATIONS 01/21	1185636	0	Last Report: 4,662,362	0
			Current Quantity: 3,277,362

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

2. The Corporation Reports That:

On date: 19/11/2025

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

of:

Description of the nature of the change: Exercise of warrants

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.

Explanation: Give details of the transaction or action causing the change in the corporation's securities.

Details by Registered Holder:

1. Altshuler Trust Ltd.

Business No.: 513901330

Nature of Change: Exercise of warrants

Date: 19/11/2025 (not via the TASE clearinghouse)

Security affected: B COMMUNICATIONS 01/21

Security No.: 1185636

Holder's balance in last report: 4,662,362 Holder's balance after the change: 3,277,362

Total quantity decreased: 1,385,000 Not a grant of rights to purchase shares

Other: Exercise of warrants

2. Company for Registration of the TASE Ltd.

Business No.: 515736817

Nature of Change: Other (Change in quantity of dormant shares)

Date: 17/09/2025 (not via the TASE clearinghouse)

Security affected: B COMM Red

Security No.: 1114495

Holder's balance in last report: 12,173,530 Holder's balance after the change: 12,298,530

Total quantity increased: 125,000

Paid in full and consideration received in full

3. Company for Registration of the TASE Ltd.

Business No.: 515736817

Nature of Change: Exercise of warrants

Date: 19/11/2025 (not via the TASE clearinghouse) Security affected: B COMMUNICATIONS Ordinary Share

Security No.: 1107663

Holder's balance in last report: 116,542,402 Holder's balance after the change: 117,042,064

Total quantity increased: 499,662

Paid in full and consideration received in full

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.

Explanations:

• 1. If the change affects more than one security, specify the impact for each in a separate row.
• 1. The change date all changes of the same type in the same security done on the same day are aggregated in one row. Distinguish between changes executed via the clearinghouse vs. directly in the company records.
• 1. For reductions, add the sign "-".
• 1. All quantity fields refer to number of securities, not par value (NIS).

3. Main Shareholder Register as of the Report Date:

No.	Registered	ID	ID	Security	Shares Type &	Number of	Holds as
	Shareholder	Type	Number	No.	Nominal Value	Shares	Trustee
1

4. Attached file: Shareholder Register as per section 130 of Companies Law, 1999

meresha_baalei_maniyot_isa.pdf

5. Attached file: Updated securities registers of the corporation, including the options holders ledger and bondholders ledger

meresham_neyarot_erech_isa.pdf

Details of authorized signatories on behalf of the corporation:

No.	Name	Title
1	Tomer Raved	CEO

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.

Explanation: According to regulation 5 of the Periodic and Immediate Reports Regulations (1970), ^a report filed according to these regulations must be signed by those authorized to sign for the corporation.

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Previous Names of Reporting Entity: 012 Smile.Communications Ltd.

Contact Details:

Short name: B COMMUNICATIONS

Address: Menachem Begin St. 144, Tel Aviv 6492102

Tel: 03-6796101 Fax: 03-6796111

Email: tomer@bcomm.co.il

Company website: www.bcommunications.co.il

Electronic Reporter Name: Tomer Raved

Position: CEO

All the corporation's securities are listed for trading on the Tel Aviv Stock Exchange.

Last structure update: 06/08/2024