Big Shopping Centers Ltd.

Major Shareholding Notification • Dec 16, 2025

BIG SHOPPING CENTERS LTD

Company Number: 513623314

To:

Israel Securities Authority

TEL AVIV STOCK EXCHANGE LTD

Form Number: T087 (Public)

Report transmitted on MAGNA: 16/12/2025

Reference: 2025-01-100357

Statement of Capital, Grant of Rights to Purchase Shares and Registers of Securities of the Corporation 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

Employee options exercise

Nature of the Change:

Explanation: Describe briefly the nature of the change

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

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 and Type of Security	Security Number	Quantity in Registered Capital	Issued and Paid-Up Capital (Last Report)	Issued and Paid-Up Capital (Current)	Quantity Recorded by Nominee Company
BIG Shares	1097260	420,000,000	25,068,112	25,073,066	25,073,056
BONDS (Series 8)	1138924	0	451,154,755	451,154,755	451,154,755
BONDS (Series 9)	1141050	0	336,751,670	336,751,670	336,751,670
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 Op 09-22	1190149	0	235,338	235,204	0
BIG Op Others	1194794	0	23,183	23,183	0
BIG Op Employees	1201722	0	706,964	698,901	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	752,988	752,988	752,988
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: All company securities must be detailed, including securities not listed for trading.

2. The corporation announces:

On the date: 15/12/2025

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

Description of the nature of the change:

Employee options exercise

Explanation: The entire details of the transaction or action resulting in the change in securities must be described.

Sectioned breakdown:

1. Holder name for which the change applies: Altshuler Trustees Ltd

Type of ID: Company Registrar Number in Israel
ID Number: 513901330
Nature of change: Options exercise
Date of change: 15/12/2025
Performed via exchange clearing: Yes
Type and name of security in which change occurred: BIG Op 09-22
Security number: 1190149
Holder balance last report: 235,338
Holder balance after change: 235,204
Total quantity change: 134
Grant of rights to purchase shares: No
Total consideration for securities issued:
Security number of share derived from exercise:
Quantity of shares to be issued upon full conversion:
Total additional consideration from full exercise/conversion:
Period during which securities can be exercised:
Securities to be listed for trading:

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

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

1. Holder name for which the change applies: Altshuler Trustees Ltd

The security was fully paid for and the consideration was fully received.

Allocation follows what notice: _______ (published on _______ reference _______)

ID Number: 513901330
Nature of change: Options exercise
Date of change: 15/12/2025
Performed via exchange clearing: Yes
Type and name of security in which change occurred: BIG Op Employees
Security number: 1201722
Holder balance last report: 706,964
Holder balance after change: 698,901
Total quantity change: 8,063
Grant of rights to purchase shares: No
Total consideration for securities issued:
Security number of share derived from exercise:
Quantity of shares to be issued upon full conversion:
Total additional consideration from full exercise/conversion:
Period during which securities can be exercised:
Securities to be listed for trading:
Allocation follows what notice: (published on reference)

The security was fully paid for and the consideration was fully received.

Type of ID: Company Registrar Number in Israel

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

1. Holder name for which the change applies: TASE Registrar Company of the TEL AVIV STOCK EXCHANGE LTD

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

Type of ID: Company Registrar Number in Israel
ID Number: 515736817
Nature of change: Options exercise
Date of change: 15/12/2025
Performed via exchange clearing: No
Type and name of security in which change occurred: BIG Shares
Security number: 1097260
Holder balance last report: 25,068,102
Holder balance after change: 25,073,056
Total quantity change: 4,954
Grant of rights to purchase shares: No
Total consideration for securities issued:
Security number of share derived from exercise:
Quantity of shares to be issued upon full conversion:
Total additional consideration from full exercise/conversion:
Period during which securities can be exercised:
Securities to be listed for trading:
Allocation follows what notice: (published on reference)

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

Explanations:

• 1. If the change affects more than one security, detail the effect separately for each security.
• 1. Change date all changes of the same nature, in the same security, carried out on the same day, are summarized in one line. In this context, separate changes performed through the exchange clearing from changes done directly in the company's books.
• 1. For a decrease, add the sign "-".
• 1. All quantity fields should state the amount of securities, not NIS par value.

The security was fully paid for and the consideration was fully received.

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

1. Main features of the register of shareholders at the reporting date are as follows:

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 of Registered	ID	ID	Security	Type and Nominal	Number of	Holds Shares
	Shareholder	Type	Number	Number	Value of Shares	Shares	as Trustee
1

Attached file: Shareholder register file in accordance with Section 130 of the Companies Law, 1999

pdf.isa_מרשם2מניות15בדצמבר2025

Alt text: PDF file - Shareholder register as of December 15, 2025

Attached file: Updated register file for the corporation's securities, including register of holders of warrants and government bonds

pdf.isa_מרשם2ניירותערך15בדצמבר2025

Alt text: PDF file - Updated register of securities as of December 15, 2025

Authorized signatory details:

#	Signatory Name	Position
1	Efrat Hayut-Marek	Other; Legal Advisor and Company Secretary

Explanation: As per Regulation 5 to the Periodic and Immediate Reports Regulations (1970), ^a report submitted by these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the subject can be found on the Authority's website: Click here

Previous names of reporting entity:

BIG Shopping Centers (2004) Ltd

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.

Contact details:

Address: Alied Cities Tower, 26th floor, Ramat Hasharon, 4713402

Phone: 073-2600420, 073-2600442

Fax: 073-2600426

Email: assaf@bigcenters.co.il

Company website: www.bigcenters.co.il

Electronic report signatory:

Name: Efrat Hayut-Marek

Position: Legal Advisor and Company Secretary

Employer Company Name:

Email: efratm@bigcenters.co.il

Address: Alied Cities Tower, 26th floor, Ramat Hasharon, 4713402

Phone: 073-2600407 Fax: 073-2600507

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

Short name: BIG

Last form structure update: 06/08/2024