Big Shopping Centers Ltd.

Major Shareholding Notification • Dec 23, 2025

BIG SHOPPING CENTERS LTD

Registry Number: 513623314

To:

Israel Securities Authority – www.isa.gov.il

TEL AVIV STOCK EXCHANGE LTD – www.tase.co.il

Form Number: T087 (Public)

MAGNA Transmission Date: 23/12/2025

Reference: 2025-01-102573

Capital Structure, Grant of Rights to Purchase Shares, and Securities Registers of the Corporation and the Changes Therein

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

Nature of the Change:

Employee option exercise and exercise of warrants (Series 7)

Explanation: Please briefly describe the nature of the change.

Reference Numbers of Previous Reports on the Subject:

___, ___, ___

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. Securities Capitalization Table of the Corporation After the Change:

Name & Type of Security	Security Number	Amount in Registered Capital	Issued and Paid Up Capital	Amount Recorded in the Name of the Nominee Company
BIG Shares	1097260	420,000,000	25,092,050 (Last report) / 25,094,477 (Current)	25,094,467
Government Bonds (Series 8')	1138924	0	451,154,755 / 451,154,755	451,154,755
Government Bonds (Series 9')	1141050	0	168,375,835 / 168,375,835	168,375,835
Government Bonds (Series 11')	1151117	0	500,461,875 / 500,461,875	500,461,875
Government Bonds (Series 12')	1156231	0	602,960,150 / 602,960,150	602,960,150
Government Bonds (Series 13')	1159516	0	579,958,000 / 579,958,000	579,958,000
Government Bonds (Series 15')	1162221	0	688,571,520 / 688,571,520	688,571,520
Government Bonds (Series 16')	1168442	0	156,800,000 / 156,800,000	156,800,000
Government Bonds (Series 17')	1168459	0	176,000,000 / 176,000,000	176,000,000
Government Bonds (Series 18')	1174226	0	1,125,000,001 / 1,125,000,001	1,125,000,001
Government Bonds (Series 19')	1181007	0	318,400,000 / 318,400,000	318,400,000
Government Bonds (Series 20')	1186188	0	976,934,127 / 976,934,127	976,934,127
BIG AP 09-22	1190149	0	234,887 / 234,204	0
BIG AP Others	1194794	0	21,916 / 21,916	0
BIG AP Employees	1201722	0	669,645 / 666,268	0
Commercial Papers, Series 3	1201490	0	150,000,000 / 150,000,000	150,000,000
Government Bonds (Series 21')	1202217	0	536,000,000 / 536,000,000	536,000,000
Warrants (Series 7)	1214345	0	752,688 / 752,648	752,648
Commercial Papers, Series 5	1223114	0	250,000,000 / 250,000,000	250,000,000
Government Bonds (Series 22')	1224948	0	235,000,000 / 235,000,000	235,000,000
Government Bonds (Series 23')	1224955	0	343,000,000 / 343,000,000	343,000,000
Government Bonds (Series 24')	1227032	0	1,081,374,000 / 1,081,374,000	1,081,374,000

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

2. The corporation announces that:

On date: 22/12/2025

There was a change in the quantity and register of the holders of the corporation's securities (including rights to purchase shares) as a result of: Employee option exercise and exercise of warrants (Series 7)

Explanation: Please describe the full details of the transaction or action that caused the change in the securities of the corporation.

Details of Changes in Securities Holdings (selective rows for brevity; see original for more):

1. Registered holder whose holdings changed:

Name: Altshuler Trustees Ltd.

ID Type: Israeli Registrar of Companies number

ID: 513901330

Nature of change: Exercise of options

Date of change: 22/12/2025 Executed via TASE clearing: Yes

Type and name of security: BIG AP Employees (Security No. 1201722)

Previous balance: 669,645 Balance after change: 666,268 Total quantity changed: 3,377

Is it a grant of rights to purchase shares? No

Was full consideration received: Yes

2. Registered holder whose holdings changed:

Name: Altshuler Trustees Ltd.

... (similar structure for BIG AP 09-22, change of 683)

3. Registered holder whose holdings changed:

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: Nominee Company of the Tel Aviv Stock Exchange Ltd.
• ... (similar structure for BIG Shares and Warrants, changes aligned with the table above)

Explanatory Notes:

• 1. If the change affects more than one security, detail the change impact in a separate row for each security.
• 1. Date of change all changes of the same type, in the same security, performed on the same day, should be aggregated in one line. For this purpose – separate between changes done through TASE Clearing and directly in the company's books.
• 1. For reductions, add the sign "-".
• 1. For all quantity fields, enter the number of securities, not ILS par value.

Additional Data:

iv. Attached is the updated file of the register of shareholders in accordance with Section 130 of the Companies Law, 1999:

Shareholders Register 22 December 2025 (PDF)

v. Attached is an updated file of the securities registers of the corporation, including the register of warrant holders and government bond holders:

Securities Register 22 December 2025 (PDF)

Authorized Signatories for the Corporation:

Name	Position
Efrat Hayut Mark	Legal Counsel and Company Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted according to these regulations must be signed by the authorized signatories of the company. Staff guidance on the matter can be found on the Authority's website: Click here

• Previous names of the reporting entity: BIG Shopping Centers (2004) Ltd.
• Electronic reporter: Hayut Mark Efrat, Company Legal Counsel and Secretary

Company Details:

Short Name: BIG

Address: Allyed Cities Tower, 26th floor, 0, Ramat Hasharon, 4713402

Telephone: 073-2600420, 073-2600442

Fax: 073-2600426

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

Previous entity names: BIG Shopping Centers (2004) Ltd.

Reporting electronic signatory: Efrat Hayut Mark, Legal Counsel and Company Secretary

Contact: efratm@bigcenters.co.il

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

Attachments:

1. Shareholders Register 22 December 2025 (PDF) alt: Shareholders Register as of December 22, 2025

2. Securities Register 22 December 2025 (PDF)

alt: Securities Register as of December 22, 2025

End of translated document.