Cellcom Israel Ltd. — Director's Dealing 2026

May 20, 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

Registration number: 511930125

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

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

T076 (Public)

Filed via MAGNA: 20/05/2026

Reference: 2026-01-046815

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 / surname and first name of the holder: Gueta Yaniv

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

GUETA YANIV

Type of identification number: Identity card number

Identification number of the holder: 032368292

Type of holder: Senior officer who is not a CEO or director and is not a controlling shareholder 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 on a number of shareholders holding together with him in 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 person 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: Increased use 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, 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 through one transaction or multiple transactions (cumulative change): One transaction

Date of change: 20/05/2026

Transaction price: 0.000 Currency Agorot

Being dormant shares or securities convertible into dormant shares: No

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

Change in quantity of securities: 151,577+

Current balance (in number of securities): 151,577 Current holding percentage of the total securities of the same type: % 1.88

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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: Holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: in capital: % 0.09 In voting power: % 0.09

Note number 1

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

No.

Note

1

The allocation of the warrants to the above senior officer is further to 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, two, three and four years from May 20, 2026. The exercise price for the first, second, third and fourth tranches will be NIS 35.59 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 an amount that reflects the monetary benefit value embedded in the exercise of the warrants at the exercise date (Net Exercise).

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

If the full consideration was not paid on the date of the change, please indicate the date of completion of the payment:

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

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

1. The date and time when the corporation first became aware of the event or matter 20/05/2026 At time 11:00
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	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 under these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff position on the matter can be found on the Authority's website: Click here.

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

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

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

Short name:

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

E-mail: cellcom_sec@cellcom.co.il

Previous names of reporting entity:

Name of electronic reporter: Cohen Larisa Position: VP Legal Counsel and Company SecretaryName of employing company: Address: HaGavish10, Netanya4250708Telephone: 052-9989595Fax: 09-8607986E-mail: larisaco@cellcom.co.il