Cellcom Israel Ltd. — Director's Dealing 2026

Mar 26, 2026

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.

Cellcom Israel Ltd.

CELLCOM ISRAEL LTD

Number in the Register: 511930125

To: Israel Securities Authority
www.isa.gov.il

To: Tel Aviv Stock Exchange Ltd.
www.tase.co.il

T076 (Public)

Filed via MAGNA: 26/03/2026

Reference: 2026-01-028122

Immediate report on changes in holdings of interested parties and senior officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 5730-1970

Note: This form is intended for reporting a change in holdings in securities of the reporting corporation only. For reporting a change in holdings in securities of a held company of the reporting corporation, if its activity is material to the activity of the reporting corporation, form T121 must be used.

1 Name of corporation / surname and first name of the holder: Betzer Michal

Name of corporation / surname and first name of the holder in English as registered with the Companies Registrar or in the passport:

BETZER MICHAL

Type of identification number: Identity card number

Identification number of the holder: 043055532

Type of holder: Senior officer who is not the CEO or a director and is not an interested party by virtue of holdings

The hedge fund has the right to appoint a director or its representative to the company's board of directors

Is the holder serving as a representative for the purpose of reporting several shareholders who hold together with him securities of the corporation: No

Name of the controlling shareholder in the interested party Not relevant

Identification number of the controlling shareholder in the interested party --

Citizenship / country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: _____

Security number on the stock exchange: 1106038

Name and type of the security: Cellcom Warrant 2007

Nature of the change: Increasedue to private placement

Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the TASE Regulations, shall be classified as an off-exchange transaction, while disclosing in the free text field that the transaction was carried out in this manner.

Is this a change in a single transaction or several transactions (cumulative change): Single transaction

Date of change: 26/03/2026

Transaction price: 0.000 Currency agorot

Whether they are dormant shares or securities convertible into dormant shares: No

Balance (in quantity of securities) in the last report: 0 Holding percentage of all securities of the same type in the last report: % 0

Change in quantity of securities: 168,326+

Current balance (in quantity of securities): 168,326 Current holding percentage of all securities of the same type: % 2.15

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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.

Holding percentage after the change: in capital: % 0.00 in voting power: % 0.00

Explanation: The holding percentage after the change does not relate to convertible securities.

Holding percentage after the change on a fully diluted basis: in capital: % 0.10 in voting power: % 0.10

Note no. 1

Note: If "increase due to forced purchase of borrowed securities" or "decrease due to forced sale of borrowed securities" is selected, then borrowed securities that were not returned to the lender and therefore the lending transaction became a forced purchase and the lending action became a forced sale.

No.

Note

1

The allocation of the warrants to the above-mentioned senior officer is a continuation of the outline to employees dated February 9, 2025 (reference no. 2025-01-009579). The warrants will vest in four equal tranches at the end of one year, two years, three years and four years from February 9, 2025. The exercise price for the first, second, third and fourth tranches will be NIS 38.09 per share (for further details see section 2.5.2 of the outline). Regarding the number of shares that will result from the exercise of the warrants – the number of shares that will actually be allocated following the exercise of the warrants as stated will be in a quantity that will reflect the monetary benefit value that will be embedded in the exercise of the warrants at the time of exercise (Net Exercise).

1. Was all the consideration paid on the date of the change Yes

If all the consideration was not paid on the date of the change, please specify the date of completion of payment:

1. If the change is by way of signing a loan agreement, please specify details regarding the manner of termination of the loan:

Explanation: The holding percentages must be specified taking into account all the securities held by the interested party.

1. The date and time on which the corporation first became aware of the event or matter 26/03/2026 At 09:30
2. Details of the actions that caused the change

Details of the signatories authorized to sign on behalf of the corporation:

	Name of signatory	Position
1	Larisah Cohen	Other VP Legal Counsel and Regulations

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 - 1970), a report submitted pursuant to 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 Authority's website: Click here.

Reference numbers of previous documents on the subject (the citation does not constitute incorporation by reference):

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

Date of last update of form structure: 04/02/2025

Short name:

Address: HaGavish10, Netanya4250708 Telephone: 052-9989595, Fax: 09-8607986

Email: cellcom_sec@cellcom.co.il

Previous names of reporting entity:

Name of electronic reporter: Cohen Larisah Position: VP Legal Counsel and Company Secretary Name of employing company:

Address: HaGavish10, Netanya4250708 Telephone: 052-9989595 Fax: 09-8607986 Email: larisaco@cellcom.co.il