Blue Square Real Estate Ltd.

Regulatory Filings • Dec 28, 2025

28 December 2025

To:

Israel Securities Authority The Tel-Aviv Stock Exchange Ltd.

www.new.isa.gov.il www.tase.co.il

Re: Blue Square Real Estate Ltd. (the "Company") - Results of the Tender for Classied Investors for Receipt of Early Commitments

Commitments

Further to the immediate report published by the Company on December 24, 2025¹ regarding the examination of a possible public offering of the Company's bonds (Series 9), by expanding the series (hereinafter: the bonds (Series 9) or the bonds), the Company is pleased to announce as follows:

1.

On December 25, 2025, a tender was held for receiving early commitments from classied investors, as dened in Regulation 1 of the Securities Regulations (Method of Offering Securities to the Public), 2007 (hereinafter: classied investors), regarding a possible public offering of the Company's bonds (Series 9) (hereinafter: the tender).

2.

In the tender, units were offered, each consisting of NIS 1,000 par value of bonds (Series 9) (hereinafter: the unit or units), by way of a tender on the price per unit.

3.

As part of the tender, classied investors submitted early commitments to purchase 1,484,505 units (total nancial volume of approximately NIS 1.611 billion), of which the Company received (inter alia, subject to the provisions of section 5 below) early commitments from classied investors to purchase 799,891 units. The price set in the tender was NIS 1,085 per unit, which will constitute the minimum price per unit in the public offering. Accordingly, the total nancial volume for early commitments from classied investors received by the Company at the unit price set in the tender, as stated, is approximately NIS 868 million.

4.

The nal price per unit will be determined in the public tender, if it is held.

5.

The Company intends to approach the rating company to update the rating report regarding the bonds (Series 9), in accordance with the total fundraising amount determined by the Company, and as may be required. ²

The public offering, if carried out, will be made within the framework of a shelf offering report to be published by the Company (if and to the extent published), in a uniform offering by way of a tender on the unit price. The scope of the public offering and other terms of the offer will be detailed in the framework of the shelf offering report, if and to the extent published.

The publication of the shelf offering report and the execution of the issuance thereunder are subject, among other things, to the receipt of all approvals required for this purpose by law, including the approval of the Tel Aviv Stock Exchange Ltd. for the listing of the bonds (Series 9) for trading.

It is claried that there is no certainty regarding the actual execution of the issuance, its scope, its terms, and its timing, as these are subject to the discretion of

the Company, and that nothing stated above shall be deemed a commitment by the Company to carry out an issuance of the bonds as stated and/or

shall be deemed an offer to the public or an invitation to purchase the Company's securities. Respectfully,

Blue Square Real Estate Ltd.

By: Arthur Lashinsky, CEO of the Company

¹ Reference number: 2025-01-103084.

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.

² For the rating report published by the rating company Maalot S&P, regarding the issuance of the bonds (Series 9), see the immediate report published by the Company on December 24, 2025 (Reference number: 2025-15-103085).

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12/28/2025 | 5:45:47 AM