Big Shopping Centers Ltd.

Major Shareholding Notification • Dec 22, 2025

BIG SHOPPING CENTERS LTD

Company registration number: 513623314

To:

• Israel Securities Authority (www.isa.gov.il)
• Tel Aviv Stock Exchange Ltd (www.tase.co.il)

Form Number: T087 (Public) Filed on MAGNA: 22/12/2025 Reference Number: 2025-01-102023

Statement of Capital, Allocation of Rights to Acquire Shares, and Registers of the Company's Securities and Their Changes

Regulation 31E of Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of Securities Regulations (Periodic and Immediate Reports), 1970

Employee option exercise

Explanation: please briefly describe the nature of the change.

		Reference Numbers for Previous Related Reports:
,,

1. The corporation's securities register after the change:

Name and Class of Security	Security Number	Quantity in Registered Capital	Issued and Paid- Up Capital Most Recent Report	Issued and Paid- Up Capital Current Quantity	Quantity Registered in the Name of the Registration Company
BIG Shares	1097260	420,000,000	25,086,063	25,092,050	25,092,040
BONDS (Series 8)	1138924	0	451,154,755	451,154,755	451,154,755
BONDS (Series 9)	1141050	0	168,375,835	168,375,835	168,375,835
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	234,887	234,887	0
BIG Other Options	1194794	0	21,916	21,916	0
BIG Employee Options	1201722	0	679,378	669,645	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

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: List all of the company's securities, including non-listed securities.

2. The corporation states that:

On the date: 21/12/2025

A change occurred in the quantity and in the register of the holders of the corporation's securities (including rights to acquire shares)

as a result of:

Description of the change:

Employee option exercise

Explanation: Please describe the details of the transaction or action that caused the change.

Details of changes per security holder:

1. Registered holder whose holdings have changed:

Name: Altshuler Trust Ltd
Type of ID: Company number in Israel
ID number: 513901330
Nature of the change: Exercise of options
Date of change: 21/12/2025
Performed via TASE clearing: Yes
Type and name of security: BIG Employee Options
Security Number: 1201722
Holder's balance in last report: 679,378
Holder's balance after change: 669,645
Total decrease/increase quantity: 9,733 decrease
Was this a grant of rights to acquire shares? No
Payment for allocated securities:
TASE security number of resultant share:
Number of shares created from conversion/full exercise:
Total additional exercise amount from conversion/full exercise:
Period during which the security can be exercised:
From:
Until:
Allocated securities will be listed for trading:
Allocation is a continuation of: published on: reference number:
Security was fully redeemed and consideration received in full: [checked]
Security was fully redeemed, but consideration not received in full: [ ]
Issued for ATM program: [ ]
Other: [ ]

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

2. Registered holder whose holdings have changed:

version. For more information, please review the legal disclaimer.

Explanation: _________

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.
Name: Registration Company for TASE
Type of ID: Company number in Israel
ID number: 515736817
Nature of the change: Exercise of options
Date of change: 21/12/2025
Performed via TASE clearing: Yes
Type and name of security: BIG Shares
Security Number: 1097260
Holder's balance in last report: 25,086,053
Holder's balance after change: 25,092,040
Total decrease/increase quantity: 5,987 increase
Was this a grant of rights to acquire shares? No
Payment for allocated securities:
TASE security number of resultant share:
Number of shares created from conversion/full exercise:
Total additional exercise amount from conversion/full exercise:
Period during which the security can be exercised:
From:
Until:
Allocated securities will be listed for trading:
Allocation is a continuation of: published on: reference number:

Security was fully redeemed and consideration received in full: [checked]

Security was fully redeemed, but consideration not received in full: [ ]

Explanations:

Other: [ ]

Issued for ATM program: [ ]

Explanation: _________

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. If the change affects more than one security, specify per security.
• 1. Date of change All changes of the same type, in the same security, performed on the same day, shall be aggregated in a single row. Should separate changes between those done by TASE clearing and those done directly in company books.
• 1. For a decrease, add the sign "-".
• 1. In all quantity fields, enter the quantity of securities and not value in NIS nominal value.

3. The main details of the shareholders register at the reporting date are as follows:

No.	Name of registered	Type of	ID	TASE Security	Type of shares &	Number of	Holds as
	shareholder	ID	Number	Number	par value	shares	trustee
1

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

Register2Shares21December2025_isa.pdf

Alt: PDF file containing the register of shareholders as of December 21, 2025.

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

Register2Securities21December2025_isa.pdf

Alt: PDF file containing the updated register of the corporation's securities as of December 21, 2025.

Authorized Signatories Details for Signing on Behalf of the Corporation:

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.

No.	Name	Position
1	Efrat Chayot-Mark	Other Legal Advisor and Corporate Secretary

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

Previous reference numbers of documents on this matter (the mention of which does not constitute reference by inclusion):

The company's securities are listed for trading on the Tel Aviv Stock Exchange

Last structure update date: 06/08/2024

Short company name: BIG

Address: Allied Cities Tower, 26th Floor, 0, Ramat Hasharon, 4713402 Phone: 073-2600420, 073-2600442 Fax: 073-2600426 Email: assaf@bigcenters.co.il Website: www.bigcenters.co.il

Previous company names:

BIG Shopping Centers (2004) Ltd

Electronic signatory name: Chayot-Mark Efrat

• Position: Legal Advisor and Corporate Secretary
• Employer: Address: Allied Cities Tower, 26th Floor, 0, Ramat Hasharon, 4713402 Phone: 073-2600407 Fax: 073-2600507 Email: efratm@bigcenters.co.il