Cellcom Israel Ltd. — Director's Dealing 2026

Apr 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: 26/04/2026

Reference number: 2026-01-038166

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

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 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 / family name and first name of the holder: Eli Adadi

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

ELI ADADI

Type of identification number: Identity card number

Identification number of the holder: 033141383

Type of holder: Director/CEO

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

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

Name of the controlling shareholder of the interested party: Not applicable

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

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

Country of citizenship / incorporation or registration: _____

Stock exchange security number: 1106038

Name and type of the security: Cellcom Warrant 2007

Nature of the change: Increased use to a private placement

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

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

Date of change: 26/04/2026

Transaction price: 000 Currency Agorot

Being dormant shares or securities convertible into dormant shares: No

Balance (in quantity of securities) in the last report: 1,089,936 Holding percentage of all securities of the same type in the last report: % 14.33

Change in quantity of securities: 777,000+

Current balance (in quantity of securities): 1,866,936 Current holding percentage of all securities of the same type: % 22.27

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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 equity: % 0 In voting power: % 0

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

Holding percentage after the change on a fully diluted basis: In equity: % 1.06 In voting power: % 1.06

Note no. 1

Note: If the value "Increase due to forced purchase of borrowed securities" or the value "Decrease due to forced sale of borrowed securities" is chosen, then borrowed securities that were not returned to the lender and therefore the borrowing transaction became a forced purchase and the lending transaction became a forced sale.

No.

Note

1

The allocation of the warrants to the above officer is further to the material private offering report and the supplementary notice report for a special general meeting published on April 16, 2026 (the "Notice Report") (reference no. 2026-01-035380). The warrants will vest in three equal tranches at the end of one, two and three years from March 17, 2026. The exercise price of all three tranches will be NIS 38.09 per share (for further details see sections 3 and 4 of the Notice Report). Regarding the number of shares that will derive from the exercise of the warrants – the number of shares that will actually be allocated following the exercise of the said warrants will be in a quantity that will reflect the monetary benefit value that will be embedded in the exercise of the warrants at the exercise date (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 lending agreement, please provide details regarding the manner of ending the loan:

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

1. The date and time on which the corporation first became aware of the event or matter 26/04/2026 At time 15:40

2. Description of the actions that caused the change

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

	Name of signatory	Position
1	Larisa Cohen	Other
VP Legal Counsel and Regulation

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (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 the matter can be found on the ISA website: Click here.

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

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

Date of form structure update: 04/02/2025

Short name:

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

Email: cellcom_sec@cellcom.co.il

Former names of the reporting entity:

Name of electronic reporter: Cohen Larisa Position: VP Legal Counsel and Corporate Secretary Name of employing company: Address: HaGavish10, Netanya4250708 Telephone: 052-9989595 Fax: 09-8607986 Email: larisaco@cellcom.co.il