Cellcom Israel Ltd. — M&A Activity 2025

Oct 31, 2025

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

Registry number: 511930125

To: Securities Authority

To: Tel-Aviv Stock Exchange Ltd.

Form T053 (Public)

Broadcasted on MAGNA: 31/10/2025

Reference: 2025-01-082218

Immediate Report on an Event or Matter Deviating from the Corporation's Ordinary Business Regulation 36 to the Securities Regulations (Periodic and Immediate Reports), 5730-1970

Results of an offering are to be reported in form T20 and not in this form. Reporting of BONDS rating or corporation rating must be submitted via form T125.

Report on: [ ] Delayed report

Nature of the Event:

Completion of Sale of Holdings in IBC

• 1. Further to what was stated in section 2 of part A of the Company's Financial Report for Q2 2025 regarding the Company's exercise of its right to join the sale of all its holdings in IBC (Unlimited) Holdings Limited Partnership ("IBC Partnership") and in the general partner of the IBC Partnership, subject to the fulfilling of preconditions as detailed in the said section, and further to the immediate report published by the Company on 29.10.2025 regarding receipt of approval from the Ministry of Communications, the Company updates that on 31.10.2025, after receipt of the approval of the financing parties of IBC – Israel Broadband Company (2013) Ltd for the deal, the transaction was completed and the Company received the consideration amounting to approximately NIS 520 million. As a result of completing the transaction, the expected profit before tax for the Company (mainly a capital gain expected to be recognized in Q4 2025) is approximately NIS 400 million.
• 1. The date and time the corporation first learned of the event or matter: 31/10/2025 at 11:26. 3. If the report was delayed – reason for the delay submission: __________ 4. On date __________ at time __________ the restriction on reporting was lifted.
• 1. The company is a shell corporation as defined in the Stock Exchange by-laws.

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.

Details of authorized signatories on behalf of the corporation:

No.	Signatory Name	Position
1	Larisa Cohen	Other: V.P. Legal Counsel and Regulation

Explanation: According to regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. ISA staff position on this matter can be found on the Authority's website: Click here

Previous reference numbers on the topic (the mention is not a general incorporation by reference): 2025-01-060071 2025-01- 081634

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

Short name:

Address: HaGavish 10, Netanya, 4250708 Phone: 052-9989595, Fax: 09-8607986 Electronic mail: cellcom\_sec@cellcom.co.il

Previous names of the reporting entity:

Electronic signatory name: Cohen Larisa Position: V.P. Legal Counsel and Company Secretary

Company Address: HaGavish 10, Netanya, 4250708 Phone: 052-9989595 Fax: 09-8607986 Email: larisaco@cellcom.co.il