Cellcom Israel Ltd.

Regulatory Filings • Jan 1, 2026

CELLCOM ISRAEL LTD.

Registration number: 511930125

To: Israeli Securities Authority | To: Tel Aviv Stock Exchange LTD | Form number: T053 (Public)

Reported in Magna: 01/01/2026 Reference: 2026-01-000180

Immediate Report on an Event or Matter Deviating from the Regular Course of Business of the Corporation

Regulation 36 of the Securities Regulations (Periodic and Immediate Reports), 1970

The results of the offering must be reported in form T20 and not in this form.

Reporting on a rating of BONDS or corporation rating should be submitted via form T125

Delayed report submitted

Nature of the Event:

Cellcom Energy entered into an agreement for the purchase of availability certificates

1.

Following the information in sections 9.8.2 and 9.10.2 of Part A of the company's 2024 periodic report, and previous reports regarding the signing of several agreements for the purchase of electricity for and by Cellcom Energy (2023) Limited Partnership (held in equal parts by the company and Meshak Energy – Renewable Energies Ltd. ("Meshak Energy") – "Cellcom Energy"), and in section 26.7 of Part A of the periodic report, the company updates on Cellcom Energy's entry into an agreement (the "Agreement") for the purchase of availability certificates from a producer not related to Cellcom Energy (the "Producer").

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.

According to the agreement, Cellcom Energy will purchase availability certificates for a capacity of 50MW from a photovoltaic electricity production facility combined with storage, to be built by the Producer and expected to be operational in the second half of 2027 (the "Project").

The agreement is for a period of 10 years from the beginning of supply of the availability certificates. The availability certificates to be purchased by Cellcom Energy according to the agreement will allow it to purchase energy in a similar volume to that acquired via the said availability certificates, from Noga, Israel's electricity system management company, at wholesale market rates (SMP).

The agreement includes mechanisms for adjusting the consideration to the Producer, which relate to possible changes in wholesale market rates and the production component, as well as minimum and maximum consideration mechanisms which will be in effect for a defined period in the agreement. The agreement also includes a mechanism for canceling the agreement in case of force majeure lasting beyond the period defined in the agreement.

The total expected payment in connection with the agreement is estimated by Cellcom Energy at about NIS 350 million over the term of the agreement.

In order to secure Cellcom Energy's obligations under the agreement, Meshak Energy and the company have provided limited parent company guarantees for the Producer, which may be suspended or reduced under certain circumstances defined in the agreement.

The above regarding capacity, commercial operation date, and total expected payment constitutes forward-looking information, as defined in the Securities Law, 1968. This information reflects Cellcom Energy's estimates and is based, among other things, on the electricity rates set in the aforementioned agreements. Forward-looking information, by nature, may be realized in whole or in part, or may materialize in a substantially different manner than anticipated by the company, or may not occur at all, as a result of various factors not solely under the control of the company or Cellcom Energy.

For details regarding risk factors in the field of electricity supply, see section 9.12 of Part A of the company's 2024 periodic report.

2.

The date and time the corporation first became aware of the event or matter:

31/12/2025 at 20:00

		version. For more information, please review the legal disclaimer.	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
3.
		If the report was delayed – the reason for the delay:
4.
	On date:
	At time:
		The prevention from reporting was removed.
5.
		The company is a shell company as defined in the stock exchange regulations.
Details	of the	authorized signatories for	the corporation:
No.	Name	Position
1	Larisa Cohen	Other (VP Legal Counsel and Regulation)
			Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff's position on the matter can be found on the

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

2025-01-018174

Authority's website: Click here.

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.

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

Update date of the form structure: 06/08/2024

Short Name:

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 Counsel and Corporate Secretary | Employer:

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

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