Big Shopping Centers Ltd.

Major Shareholding Notification • Jan 8, 2026

BIG SHOPPING CENTERS LTD

Registration number: 513623314

To:

Israel Securities Authority [www.isa.gov.il]

Tel Aviv Stock Exchange Ltd [www.tase.co.il]

Form number: T087 (Public)

Transmitted via MAGNA: 08/01/2026

Reference: 2026-01-004142

Register of Share Capital, Grant of Rights to Purchase Shares and Registers of the Company's Securities and Changes Therein

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

Nature of the Change:

Exercise of employee options and exercise of warrants (Series 7)

Explanation: Please briefly describe the nature of the change.

Reference numbers for previous reports regarding this subject:

_________, _________, _________.

1. The company's register of securities after the change:

Security Name and Type	TASE Symbol	Registered Capital Quantity	Issued and Paid-up Capital (Previous)	Issued and Paid-up Capital (Current)	Quantity Registered in Name of Nominee Company
BIG Shares	1097260	420,000,000	25,195,517	25,196,197	25,196,187
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	212,438	212,438	0
BIG Other Warrants	1194794	0	21,916	21,916	0
BIG Employee Warrants	1201722	0	580,468	578,802	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	715,545	715,107	715,107
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 the company's securities must be detailed, including securities not listed for trading.

2. The corporation reports that:

From date: 07/01/2026 Until date: 08/01/2026

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

Description of the nature of the change:

Exercise of employee options and exercise of warrants (Series 7)

Explanation: Please describe all transaction details or actions that led to changes in the company's securities.

Details about changes to security holdings:

1. Holder: Altshuler Trusts Ltd.

Type of ID: Company number in Israel

ID: 513901330

Nature of change: Option exercise

Change date: 07/01/2026

Executed through TASE clearinghouse: Yes

Type and name of security: BIG Employee Warrants

TASE Symbol: 1201722

Holder's prior holding: 580,468

Holding after the change: 578,802

Total change in quantity: 1,666 (decrease)

Is this a grant of rights to purchase shares? No

Security was fully redeemed and consideration was fully received.

2. Holder: The Nominee Company of the Tel Aviv Stock Exchange Ltd.

Company number in Israel: 515736817 Nature of change: Option exercise

Change date: 07/01/2026

Through TASE: Yes Security: BIG Shares Symbol: 1097260

Prior holding: 25,195,507 After change: 25,195,749

Net increase: 242

Is this a grant of rights to purchase shares? No

Security was fully redeemed and consideration was fully received.

3. Holder: The Nominee Company of the Tel Aviv Stock Exchange Ltd.

Nature of change: Option exercise

Change date: 08/01/2026 Security: Warrants (Series 7) Symbol: 1214345

Prior holding: 715,545 After change: 715,107 Net decrease: 438

Is this a grant of rights to purchase shares? No

Security was fully redeemed and consideration was fully received.

4. Holder: The Nominee Company of the Tel Aviv Stock Exchange Ltd.

Nature of change: Option exercise

Change date: 08/01/2026 Security: BIG Shares Symbol: 1097260

Prior holding: 25,195,749 After change: 25,196,187

Net increase: 438

Is this a grant of rights to purchase shares? No

Security was fully redeemed and consideration was fully received.

Explanations:

• 1. If the change affects more than one security, detail the effect of the change in a separate line for each security.
• 1. Change date: All changes of the same type to the same security on the same day are summarized in one line. For this purpose, separate changes executed via TASE clearinghouse from those made directly in the company records.
• 1. For reductions, add the symbol "-".
• 1. In all quantity fields, enter the number of securities, not the NIS par value.

3. Main shareholder registry as of the report date:

Registered ID ID # shareholder name type number	Security TASE symbol	Share class and par value	Quantity of shares	Holds as trustee
-------------------------------------------------------------------	-------------------------	------------------------------	-----------------------	---------------------

No data in this section.

Attached documents:

• Shareholders registry file (as per Section 130 of the Companies Law, 1999):
• pdf.isa_מרשםמניות08בינואר2026
• Updated registry of the company's securities, including register of warrant and bondholders:
  • pdf.isa_מרשםניירותערך08בינואר2026

Signatories authorized to sign on behalf of the company:

#	Name	Position
1	Efrat Hayut-Merak	Legal Advisor & Company Secretary

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: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report under these regulations must be signed by the persons authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the Authority's website: Click here.

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

Contact information:

Short name: BIG

Address: 1 Yael Man St. (Alied Cities Tower), Ramat Hasharon, 4734501

Phone: 073-2600420, 073-2600442

Fax: 073-2600426

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

Electronic reporter's name: Efrat Hayut Merak

Position: Legal Advisor & Company Secretary

Contact: Migdall Alied Cities, 26th Floor, Ramat Hasharon 4713402

Phone: 073-2600407 Fax: 073-2600507

Email: efratm@bigcenters.co.il

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

Form structure last updated: 06/08/2024