Cellcom Israel Ltd. — Share Issue/Capital Change 2025

Nov 4, 2025

CELLCOM ISRAEL LTD

Registry Number: 511930125

To: Israel Securities Authority

To: Tel Aviv Stock Exchange Ltd

Form T087 (Public) Broadcast by MAGNA: 04/11/2025 Reference: 2025-01-083687

Capital Table, Granting Rights to Purchase Shares and Securities Registers of the Corporation and Their Changes

Regulation 31e of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of Change:

Exercise of employee warrants, expiration of warrants, and restricted stock units (RSU) of company employees.

Previous report references: none

1. The corporation's securities after the change:

Name and Type of Security	TASE Number	Quantity Registered Capital	Last Reported Quantity	Current Quantity	Qty Registered in the Name of the Registration Company
Ordinary Share	1101534	300,000,000	168,019,142	168,021,663	72,727,171
BONDS Series J	1139245	-	20,653,400	20,653,400	20,653,400
BONDS Series K	1139252	-	142,126,800	142,126,800	142,126,800
BONDS Series L	1143080	-	731,488,236	731,488,236	731,488,236
BONDS Series M	1189190	-	470,169,250	470,169,250	470,169,250
Warrants for shares (not listed)	1106038	-	7,945,355	7,915,136	0
Restricted Share Units	1159052	-	165,664	164,816	0
Commercial Papers 1	1203033	-	200,000,000	200,000,000	200,000,000

Note: All company securities, including securities not listed for trading, should be detailed.

2. The company reports:

From: 01/10/2025 To: 31/10/2025

There was a change in quantity and in the register of security holders (including rights to purchase shares) of the corporation, as a result of:

"Exercise of employee warrants, expiration of warrants and restricted stock units (RSU) of company employees."

3. Details for Registered Holders:

1. Name of holder: The Registration Company of the Tel Aviv Stock Exchange Ltd

Type of ID: Israeli Companies Register Number

ID number: 515736817

Nature of change: Other (warrant exercise)

Date of change: 31/10/2025

Executed via stock exchange clearing: Yes Type and name of security: Ordinary Share

TASE number: 1101534

Holder's balance in last report: 72,724,650

Balance after change: 72,727,171

Total change: 2,521

Involves granting rights to purchase shares: No

Security fully redeemed and total consideration received: Yes

2. Name of holder: I.B.I. Equity Compensation and Trusts (2004) Ltd

Type of ID: Israeli Companies Register Number

ID number: 513540070

Nature of change: Other (warrant exercise)

Date of change: 31/10/2025

Executed via stock exchange clearing: Yes

Type and name of security: Warrants for shares (not listed)

TASE number: 1106038

Holder's balance in last report: 7,945,355

Balance after change: 7,940,014

Total change: 5,341

Involves granting rights to purchase shares: No

Other (explanation: exercise of employee warrants)

3. Name of holder: I.B.I. Equity Compensation and Trusts (2004) Ltd

Type of ID: Israeli Companies Register Number

ID number: 513540070

Nature of change: Expiration Date of change: 31/10/2025

Executed via stock exchange clearing: Yes

Type and name of security: Warrants for shares (not listed)

TASE number: 1106038

Holder's balance in last report: 7,940,014

Balance after change: 7,915,136

Total change: 24,878

Involves granting rights to purchase shares: No

Other (explanation: expiration of employee warrants)

4. Name of holder: I.B.I. Equity Compensation and Trusts (2004) Ltd

Type of ID: Israeli Companies Register Number

ID number: 513540070

Nature of change: Expiration Date of change: 31/10/2025

Executed via stock exchange clearing: No

Type and name of security: Restricted Share Units

TASE number: 1159052

Holder's balance in last report: 165,664

Balance after change: 164,816

Total change: 848

Involves granting rights to purchase shares: No Other (explanation: expiration of employee RSUs) 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.

• 1. If the change affects more than one security, the effect on each security must be detailed in a separate row.
• 1. Date of change all changes of the same type, in the same security, executed on one day, will be summarized in one row. For this purpose, changes executed via stock exchange clearing and changes performed directly in the company books must be separated.
• 1. For decrease, add the sign "-".
• 1. All quantity fields must be filled in with the number of securities, not nominal (NIS) par value.

4. Attached is an updated share register file in accordance with Section 130 of the Companies Law, 1999:

Cellcom_Shareholders_Register_31-10-2025_isa.pdf

5. An updated file of the company's securities registers is attached, including the option holders register and BONDS holders register:

Cellcom_Securities_Holders_Register_31-10-2025_isa.pdf

Details of Authorized Signatories on Behalf of the Corporation:

Name	Role
Larisa Cohen	VP Legal Counsel and Regulation

Explanation: According to regulation 5 of the Securities Regulations (Periodic and Immediate Reports) 1970, a report filed under
these Regulations will be signed by those authorized to sign on behalf of the corporation. Staff position on this subject can be found at
the Authority's website: Click here

Short name:

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.

Address: 10 HaGavish St, Netanya, 4250708

Tel: 052-9989595, Fax: 09-8607986 Email: cellcom\_sec@cellcom.co.il

Previous names of reporting entity: None

Electronic signature name: Larisa Cohen Role: VP Legal Counsel and Corporate Secretary

Tel: 052-9989595 Fax: 09-8607986

Email: larisaco@cellcom.co.il

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

Form structure last updated: 06/08/2024