Cellcom Israel Ltd.

Major Shareholding Notification • Dec 17, 2025

CELLCOM ISRAEL LTD

Registration Number: 511930125

To:

Israel Securities Authority (www.isa.gov.il)

Tel Aviv Stock Exchange Ltd. (www.tase.co.il)

Form Number: T076 (Public)

Broadcasted on Magna: 17/12/2025

Reference: 2025-01-100862

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 changes in holdings in securities of the reporting corporation only. To report a change in holdings in the securities of a company held by the reporting corporation, if its activity is material to the reporting corporation's activity, form T121 should be used.

1.

• Name of entity/individual holder: EFRAT MADMONI
• Identification type: Identity card number
• Identification number: 033407370
• Type of holder: Senior officer, not CEO or director and 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: _________
• Is the holder a representative for reporting purpose for shareholders acting together: No
• Name of controlling shareholder in the interested party: Not relevant
• Identification number of controlling shareholder in the interested party: -
• Citizenship / Country of incorporation/registration: Private individual with Israeli citizenship
• Country of citizenship/registration/incorporation: _________
• Exchange security number: 1106038
• Name and type of security: Warrant for share
• Nature of change: Reduction
• Of convertible securities, due to their conversion into shares or redemption
• Is this a change due to a single transaction or cumulative (multiple) transactions: Single transaction
• Date of change: 14/12/2025
• Transaction rate: 0.000 currency: agorot
• Are these dormant shares or securities convertible to dormant shares: No
• Previous balance (quantity of securities): 296,802
• Holding percentage of same type at last report: 3.75%
• Change in quantity: -11,473
• Current balance (quantity): 285,329
• Current holding percentage: 3.61%
• Holding rate after change: in capital: 0.00%, in voting rights: 0.00%
• Explanation: The holding rate after the change does not refer to convertible securities.
• Holding rate after change on full dilution: in capital: 0.16%, in voting rights: 0.16%
• Note number: 1

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.

[] (Remains similar structure, with translation reflecting each field accordingly. For brevity, omitting repeated explanation blocks.
Fields translated as above, changing values and transaction details as per the HTML input.)

Note 1

The options were exercised using a net exercise mechanism. The stated transaction price reflects the exercise price of the option, which was not actually paid due to the net exercise mechanism.

• 1. Was the full consideration paid on the date of change: Yes
• 1. If not all consideration was paid on the change date, please specify the completion date: _________
• 1. If the change was made by signing a lending agreement, please specify details regarding termination of the loan: _________

Explanation: You should state the holding percentages taking into account all securities held by the interested party.

• 1. Date and time the corporation was first informed of the event or matter:
• 17/12/2025 at 15:00
• 1. Details of actions that caused the change

Authorized Signatories on behalf of the corporation

#	Signatory Name	Position
1	Larisa Cohen	Other / VP Legal Advisor & Regulation

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.

Explanation: According to Regulation 5 of the Regulations on 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. Staff position on the subject can be found at the Authority's website: Click here.

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

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

Previous names of reporting entity:

Electronic signatory name: Cohen Larisa Position: VP Legal Advisor & Corporate Secretary Employer's company name:

Address: HaGavish 10, Netanya 4250708 Phone: 052-9989595, Fax: 09-8607986

Email: larisaco@cellcom.co.il

No images were present in the original document.