Big Shopping Centers Ltd.

Major Shareholding Notification • Dec 17, 2025

BIG SHOPPING CENTERS LTD ("BIG")

Registry number: 513623314

To:

• Israel Securities Authority
• TEL AVIV STOCK EXCHANGE LTD

Form Number: 087ת) Public)

Date transmitted via MAGNA: 17/12/2025

Reference: 2025-01-100797

Statement of Share Capital, Grant of Rights to Acquire Shares, and the Registers of Securities of the Corporation and the Changes Therein

Regulations:

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

Nature of the change:
-----------------------	--

Note: Please briefly describe the nature of the change.

Reference numbers of previous reports on this topic: _________, _________, _________.

1. The status of the corporation's securities after the change:

Name and Type of Security	Security Number	Quantity in Registered Capital	Issued and Paid-Up Capital (Last Reported)	Issued and Paid-Up Capital (Current)	Quantity Recorded by Nominee Company
BIG Shares	1097260	420,000,000	25,073,066	25,075,390	25,075,380
BONDS (Series 8')	1138924	0	451,154,755	451,154,755	451,154,755
BONDS (Series 9')	1141050	0	336,751,670	336,751,670	336,751,670
BONDS (Series 11')	1151117	0	500,461,875	500,461,875	500,461,875
BONDS (Series 12')	1156231	0	602,960,150	602,960,150	602,960,150
BONDS (Series 13')	1159516	0	579,958,000	579,958,000	579,958,000
BONDS (Series 15')	1162221	0	688,571,520	688,571,520	688,571,520
BONDS (Series 16')	1168442	0	156,800,000	156,800,000	156,800,000
BONDS (Series 17')	1168459	0	176,000,000	176,000,000	176,000,000
BONDS (Series 18')	1174226	0	1,125,000,001	1,125,000,001	1,125,000,001
BONDS (Series 19')	1181007	0	318,400,000	318,400,000	318,400,000
BONDS (Series 20')	1186188	0	976,934,127	976,934,127	976,934,127
BIG Option 09-22	1190149	0	235,204	235,204	0
BIG Other Options	1194794	0	23,183	23,183	0
BIG Employee Options	1201722	0	698,901	695,528	0
Commercial Papers (Series 3)	1201490	0	150,000,000	150,000,000	150,000,000
BONDS (Series 21')	1202217	0	536,000,000	536,000,000	536,000,000
Warrants (Series 7)	1214345	0	752,988	752,688	752,688
Commercial Papers (Series 5)	1223114	0	250,000,000	250,000,000	250,000,000
BONDS (Series 22')	1224948	0	235,000,000	235,000,000	235,000,000
BONDS (Series 23')	1224955	0	343,000,000	343,000,000	343,000,000
BONDS (Series 24')	1227032	0	1,081,374,000	1,081,374,000	1,081,374,000

Note: All securities of the company are to be described, including securities not listed for trading.

2. The corporation notifies that:

From date: 16/12/2025 Until date: 17/12/2025

A change occurred in the amount and registration of the holders of the corporation's securities (including rights to acquire shares) as a result of:

Description of the nature of the change:

Realization of employee options and realization of warrants (Series 7)

Note: State the details of the transaction or action that caused the change in the corporation's securities.

Detailed securities holder changes:

1. Holder: Altshuler Trustees Ltd (Registration number: 513901330)

Nature of change: Option realization

Change date: 16/12/2025

Executed via the exchange clearing: Yes

Type & name of affected security: BIG Employee Options

Security Number: 1201722 Balance in last report: 698,901 Balance after change: 695,528

Change amount: -3,373

Is this a grant of rights to acquire shares? No

The security was fully redeemed and consideration was received in full.

1. Holder: Company for Registration of the Tel Aviv Stock Exchange Ltd (Registration number: 515736817)

Nature of change: Option realization

Change date: 16/12/2025

Executed via the exchange clearing: No

Type & name of affected security: BIG Shares

Security Number: 1097260

Balance in last report: 25,073,056 Balance after change: 25,075,080

Change amount: +2,024

Is this a grant of rights to acquire shares? No

The security was fully redeemed and consideration was received in full.

3. Holder: Company for Registration of the Tel Aviv Stock Exchange Ltd (Registration number: 515736817)

Nature of change: Option realization

Change date: 17/12/2025

Executed via the exchange clearing: Yes

Type & name of affected security: Warrants (Series 7)

Security Number: 1214345 Balance in last report: 752,988 Balance after change: 752,688

Change amount: -300

Is this a grant of rights to acquire shares? No

The security was fully redeemed and consideration was received in full.

4. Holder: Company for Registration of the Tel Aviv Stock Exchange Ltd (Registration number: 515736817)

Nature of change: Option realization

Change date: 17/12/2025

Executed via the exchange clearing: Yes

Type & name of affected security: BIG Shares Security Number: 1097260

Balance in last report: 25,075,080 Balance after change: 25,075,380

Change amount: +300

Is this a grant of rights to acquire shares? No

The security was fully redeemed and consideration was received in full.

Explanations:

• 1. If the change affects more than one security, the effect of the change should be detailed in a separate line for each security.
• 1. Date of change all changes of the same type, in the same security, carried out on the same day, will be aggregated into one line. In this regard – changes effected through the exchange clearing should be separated from those made directly in the company books.
• 1. For a decrease, add the sign "-".
• 1. In all quantity fields, the quantity of securities and not NIS (par value) should be filled in.

3. The main shareholders' register at the reporting date is as follows:

No.	Name of Registered Shareholder	Type of ID	ID Number	Stock Exchange Security Number	Type and Nominal Value of Shares	Number of shares	Holds shares as trustee
1

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.

1. Attached is a file of the shareholders' register in accordance with section 130 of the Companies Law, 1999: pdf.isa_מרשם2מניות17בדצמבר2025

(alt: Shareholders register file, December 17, 2025)

1. Attached is an updated file of the registers of the corporation's securities, including the option holders' register and the bonds holders' register:

pdf.isa_מרשם2ניירותערך17בדצמבר2025

(alt: Updated securities registers file, December 17, 2025)

Authorized signatories details:

No.	Name	Position
1	Efrat Hayut Marak	Other (Legal Advisor and Company Secretary)

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

Previous names of reporting entity: BIG Shopping Centers (2004) Ltd

Name of electronic reporter: Efrat Hayut Marak Position: Legal Advisor and Company Secretary

Address: Allied Cities Tower, 26th Floor, Ramat Hasharon 4713402

Tel: 073-2600407 Fax: 073-2600507

Email: efratm@bigcenters.co.il

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

Short name: BIG

Company website: www.bigcenters.co.il

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.

Form structure update date: 06/08/2024