Bazan Oil Refineries Ltd. — Director's Dealing 2026

Feb 17, 2026

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Oil Reneries Ltd. OIL REFINERIES LTD

29.17

Number in the register: 520036658

To: Israel Securities Authority To: Tel-Aviv Stock Exchange Ltd. T076 ( Public ) Filed via MAGNA: 17/02/2026 www.isa.gov.il www.tase.co.il Reference: 2026-01-015664

Immediate report on changes in holdings of interested parties and senior ofcers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 5730-1970

Note: This form is intended for reporting a change in holdings in securities of the reporting corporation only. To report a change in holdings in securities of a held company of the reporting corporation whose activity is material to the activity of the reporting corporation, use Form T121.

1 Name of corporation / family name and rst name of the holder: Rafael Maman Name of corporation / family name and rst name of the holder in English as registered at the Companies Registrar or in the passport: Rafael Maman Type of identication number: ID number Identication number of the holder: 057108813 Type of holder: Director/CEO The hedge fund has the right to appoint a director or its representative to the company's board of directors _________ Is the holder serving as a representative for the purpose of reporting a number of shareholders who hold together with him securities of the corporation: No Name of the controlling shareholder in the interested party - Identication number of the controlling shareholder in the interested party - Citizenship / country of incorporation or registration: Private individual with Israeli citizenship Country of citizenship / incorporation or registration: _________ Stock exchange security number: 1212513 Name and type of the security: Employee option 8/24 Nature of the change: IncreaseOther_________ Grant of options to an ofcer in accordance with the private offering report dated 1.2.2026 (reference: 2026-01-011439) Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as dened in Part Three of the TASE Regulations, will be classied as an off-exchange transaction, while providing disclosure in the free text eld that the transaction was carried out in this manner. Is this a change by way of one transaction or several transactions (cumulative change): One transaction Date of the change: 17/02/2026 Transaction price: 0 Currency agorot Whether they are dormant shares or securities convertible into dormant shares: No Balance (in quantity of securities) in the last report: 0 Holding rate out of all securities of the same type in the last report: % 0 Change in quantity of securities: 13,274,000+

Current balance (in quantity of securities): 13,274,000 Current holding rate out of all securities of the same type: %

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Holding rate after the change: In the equity: % 0 In the voting power: % 0

Explanation: The holding rate after the change does not relate to convertible securities.

Holding rate after the change on a fully diluted basis: In the equity: % 0.42 In the voting power: % 0.42

Note no. 1

Note: If the value "Increase due to forced purchase of borrowed securities" or the value "Decrease due to forced sale of borrowed securities" is selected, then borrowed securities that were not returned to the lender and therefore the lending transaction became a forced purchase and the lending action became a forced sale.

No. Note

_________

1

The holding rate detailed above is theoretical, since upon exercise of the options, shares will be allotted to Mr. Maman in ^a scope reecting the value of the nancial benet embedded in the options in accordance with the net exercise mechanism (Cashless Exercise).

1. Was all the consideration paid on the date of the change No

If all the consideration was not paid on the date of the change, please specify the date of completion of payment: There is no consideration paid on the date of the change since the warrants were granted free of charge as part of the terms of ofce and employment.

1. If the change is by way of signing a lending deed, please specify details regarding the method of ending the lending:

Explanation: The holding rates must be specied taking into account all securities held by the interested party.

• 1. The date and time on which the corporation rst became aware of the event or matter 17/02/2026 at 19:00
• 1. Details of the actions that caused the change _________

Details of the signatories authorized to sign on behalf of the corporation:

Name of signatory Position
1 Eliyahu Mordoch	Company Secretary

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730–1970), a report submitted pursuant to these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the Authority's website: Click here .

Reference numbers of previous documents on the subject (the mention does not constitute inclusion by way of reference):

Securities of the corporation are listed for trading on the Tel-Aviv Stock

Exchange

Short name: Bazekuk

Address: P.O.B.4 , Haifa3100001 Telephone: 04-8788135 , 04-8788115Fax: 073-

2928115

E-mail: info@bazan.co.il Company website:https://www.bazan.co.il/

Previous names of reporting entity:

Name of electronic reporter: Mordoch EliyahuPosition: Company SecretaryName of employing company:

Address: P.O.B.4 , Haifa31000Telephone: 04-8788135Fax: 04-8788741E-mail: emordoch@bazan.co.il

Date of last form structure update: 04/02/2025