Big Shopping Centers Ltd.

Major Shareholding Notification • Dec 21, 2025

BIG SHOPPING CENTERS LTD

Company Registration Number: 513623314

To: Securities Authority

To: TEL AVIV STOCK EXCHANGE LTD

Form Number: T087 (Public)

Transmission Date: 21/12/2025

Reference Number: 2025-01-101562

Capital Structure, Grant of Rights to Purchase Shares, and the Securities Registries of the Corporation and Their Changes

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

Nature of the Change

_________, _________, _________.

Employee options exercised and partial redemption of bonds (Series 9)

Explanation: Describe briefly the nature of the change

Reference Numbers for Previous Reports on the Subject:

1. The Company's Securities Holdings After the Change

Name and Type of Security	TASE Security Number	Quantity in Registered Capital	Issued and Paid- in Capital	Current Quantity	Quantity Listed under Nominee Company
BIG Shares	1097260	420,000,000	25,083,306	25,086,063	25,086,053
Bonds (Series 8)	1138924	0	451,154,755	451,154,755	451,154,755
Bonds (Series 9)	1141050	0	336,751,670	168,446,970	168,446,970
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 AP 09-22	1190149	0	235,204	234,887	0
BIG AP Others	1194794	0	21,916	21,916	0
BIG AP Employees	1201722	0	683,695	679,378	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	752,688	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

Explanation: List all the company's securities, including ones not listed for trading.

2. The corporation announces that :

From: 18/12/2025 To: 21/12/2025

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

Employee options exercised and partial redemption of bonds (Series 9)

Explanation: Describe all details of the transaction or action which resulted in the change in the corporation's securities.

Changes in Security Holdings - Breakdown

1. Holder: Altshuler Trustees Ltd. (Registration Number in Israeli Companies Register: 513901330)

Nature of Change: Exercise of options

Date of Change: 18/12/2025

Executed via Stock Exchange Clearing House: Yes

Type and Name of Security Affected: BIG AP Employees

TASE Security Number: 1201722

Holder's Balance in Last Report: 683,695

Holder's Balance After the Change: 679,378

Change in Quantity: 4,317 decrease

Is this a grant of rights to acquire shares?: No

Total proceeds for allocated securities: [Blank]

Stock number of the share resulting from option exercise: [Blank]

Number of shares resulting from full exercise/conversion: [Blank]

Total additional proceeds from full exercise/conversion to shares: [Blank]

Exercise period: [Blank]

Allocated securities registered for trading: [Blank]

Allocation is further to: [Blank]

Fully paid and proceeds received in full.

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

Nature of Change: Exercise of options

Date of Change: 18/12/2025

Executed via Stock Exchange Clearing House: Yes Type and Name of Security Affected: BIG AP 09-22

TASE Security Number: 1190149

Holder's Balance in Last Report: 235,204 Holder's Balance After the Change: 234,887

Change in Quantity: 317 decrease

Is this a grant of rights to acquire shares?: No

Total proceeds for allocated securities: [Blank]

Fully paid and proceeds received in full.

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

Nature of Change: Exercise of options

Date of Change: 18/12/2025

Executed via Stock Exchange Clearing House: Yes Type and Name of Security Affected: BIG Shares

TASE Security Number: 1097260

Holder's Balance in Last Report: 25,083,296 Holder's Balance After the Change: 25,086,063

Change in Quantity: 2,757 increase

Is this a grant of rights to acquire shares?: No

Total proceeds for allocated securities: [Blank]

Fully paid and proceeds received in full.

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

Nature of Change: Other (Partial Redemption)

Date of Change: 21/12/2025

Executed via Stock Exchange Clearing House: Yes Type and Name of Security Affected: Bonds (Series 9)

TASE Security Number: 1141050

Holder's Balance in Last Report: 336,751,670 Holder's Balance After the Change: 168,446,970

Change in Quantity: 168,304,700 decrease

Is this a grant of rights to acquire shares?: No

Total proceeds for allocated securities: [Blank]

Fully paid and proceeds received in full.

Explanations:

• 1. If the change affects more than one security, detail the impact per line per security.
• 1. Date of change: All changes of the same type, in the same security, performed in one day, are summed in one line. For this matter – separate changes via stock exchange clearing house and changes done directly in the company's books.
• 1. For decreases, add the symbol "-".
• 1. All quantity fields refer to number of securities and not NIS par value.

3. Main items of the shareholders registry at the report date are as follows:

No.	Registered Shareholder Name	Identification Type	Identification Number	TASE Security Number	Type of Shares and Par Value	Number of Shares	Is Held as a Trustee
1	[Blank]	[Blank]	[Blank]	[Blank]	[Blank]	[Blank]	[Blank]

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

RegisterOfShareholders21December2025_isa.pdf

5. Attached is an updated file of the registries of the corporation's securities, including the options register and bonds register

RegisterOfSecurities21December2025_isa.pdf

Details of the authorized signatories on behalf of the corporation:

No.	Name	Role
1	Efrat Hayut-Marak	Other: Legal Advisor and Company Secretary

Explanation: According to Regulation 5 to the Periodic and Immediate Reports Regulations (1970), a report submitted according to these regulations must be signed by the authorized signatories of the corporation. For more information on staff positions on the matter, see here.

Previous Names of Reporting Entity:

BIG MERKAZI KINYONIM (2004) LTD

Reporter Details

Name: Efrat Hayut-Marak

Position: Legal Advisor and Company Secretary

Employer Company Name: BIG SHOPPING CENTERS LTD

Address: Migdal Allied Cities, Floor 26, Ramat Hasharon, 4713402

Phone: 073-2600407 Fax: 073-2600507

Email: efratm@bigcenters.co.il

Company Contact

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.

Short Name: BIG

Address: Migdal Allied Cities, Floor 26, Ramat Hasharon, 4713402

Phone: 073-2600420 / 073-2600442

Fax: 073-2600426

Email: assaf@bigcenters.co.il Website: www.bigcenters.co.il

The corporation's securities are registered for trading on the Tel Aviv Stock Exchange

Form Last Structure Update Date: 06/08/2024

PDF Attachments

• RegisterOfShareholders21December2025_isa.pdf
• Alt: Shareholder registry file as of December 21, 2025
• RegisterOfSecurities21December2025_isa.pdf
• Alt: Updated registry of securities of the corporation as of December 21, 2025