BIG SHOPPING CENTERS LTD

Registry Number: 513623314

To:

To	Email/Website
Israel Securities Authority	www.isa.gov.il
Tel Aviv Stock Exchange Ltd	www.tase.co.il

Form Number: T087 (Public)

MAGA Broadcast Date: 25/12/2025 Proof Number: 2025-01-103437

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

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

Nature of the Change

_________, _________, _________.

Employee option exercise and exercise of warrants (Series 7)

Explanation: Briefly describe the nature of the change

Reference Numbers of Previous Reports on the Subject:

1. The Corporation's Securities After the Change:

Name and Type of Security	Security Number	Amount in Registered Capital	Last Reported Quantity	Current Quantity	Amount Recorded under Registrar Company
BIG Shares	1097260	420,000,000	25,119,888	25,127,687	25,127,677
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 Warrant 09-22	1190149	0	234,204	234,204	0
BIG Other Warrants	1194794	0	21,916	21,916	0
BIG Employee Warrants	1201722	0	665,601	664,301	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	727,648	720,648	720,648
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: All company securities, including those not listed for trading, must be detailed.

2. The corporation reports that:

On the date: 24/12/2025

A change occurred in the quantity and in the register of holders of the corporation's securities (including rights to purchase shares) as a result of:

Description of the nature of the change: Employee option exercise and exercise of warrants (Series 7)

Explanation: All details of the transaction or action that caused the change in the corporation's securities must be described.

Details by security holder (excerpts):

Registered Holder: Altshuler Trusts Ltd

ID type: Company number in Israel

ID: 513901330

Nature of change: Option exercise

Date of change: 24/12/2025 Via TASE Clearing House: Yes

Type/Name of Security: BIG Employee Warrants

Security Number: 1201722 Balance before: 665,601 Balance after: 664,301

Amount increased/decreased: 1,300

Not rights to purchase shares

Security fully redeemed, consideration fully received

Registered Holder: Registration Company of the Tel Aviv Stock Exchange Ltd

... (further details in similar format for share and warrant changes)

General Explanations:

1. If the change affects more than one security, the effect must be detailed in a separate line for each.
1. Change date all changes of the same type to the same security performed on one day are aggregated in one line. For this matter, distinguish between changes via TASE Clearing House and those directly in the company's books.
1. A decrease is denoted by a "-" sign.
1. All quantity fields must show the number of securities, not NIS par value.

3. Summary of Shareholders Register as of the Report Date:

No.	Registered	ID	ID	Stock Exchange	Type of Shares	Quantity of	Is a
	Shareholder	Type	Number	Security Number	and Par Value	Shares	Trustee
1

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

Shareholder Register as of 24 December 2025 (PDF)

Alt text: Link to PDF file "2025בדצמבר24מרשםמניות_isa.pdf" containing the up-to-date register of shareholders.

5. Attached is an updated file of the company's securities registers, including the register of warrant holders and BONDS holders

Securities Register as of 24 December 2025 (PDF)

Alt text: Link to PDF file "2025בדצמבר24מרשםניירותערך_isa.pdf" containing the up-to-date register of company securities.

Authorized Signatories of the Corporation

No.	Name	Position
1	Efrat Hayut Marek	Legal Advisor and Company Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under 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 ISA website: Click here

Previous names of the reporting entity:

BIG Shopping Centers (2004) LTD

Company Address

Eliade Cities Tower, 26th Floor, Ramat Hasharon, 4713402. Phone: 073-2600420, 073-2600442. Fax: 073-2600426

Email: [email protected] | Company website

Electronic reporter: Hayut Marek Efrat | Position: Legal Advisor and Company Secretary

Address: Eliade Cities Tower, 26th Floor, Ramat Hasharon, 4713402. Phone: 073-2600407 Fax: 073-2600507 Email: [email protected]

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

Form update structure date: 06/08/2024

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Big Shopping Centers Ltd.

6688_rns_2025-12-25_1ce86d46-85a2-45cc-a079-6ca848613e3b.pdf