DANEL (Adir Yeoshua) Ltd. — Share Issue/Capital Change 2025

Dec 28, 2025

DANEL (ADIR YEOSHUA) LTD

Registry Number: 520037565

To:

• Israel Securities Authority (www.isa.gov.il)
• Tel Aviv Stock Exchange Ltd (www.tase.co.il)

Form T087 (Public)

Filed on MAGNA: 28/12/2025 Reference: 2025-01-104105

Status of Capital, Granting Rights to Purchase Shares, and Registries of Corporate Securities 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:

Redemption of options into ordinary shares of the company

Explanation: Please briefly describe the nature of the change.

Reference Numbers of Previous Reports on the Subject:

1. Securities Situation of the Corporation After the Change:

Name and Type of Security	TASE Security Number	Quantity in Registered Capital	Issued and Paid up Capital	Quantity Registered Under the Name of the Registration Company
Ordinary Share	314013	10,000,000	Last Reported: 6,247,919 Current: 6,249,924	6,249,906
Danel Opt 2021	3140167	0	Last Reported: 4,065 Current: 3,850	0
Danel Opt 2023	1198654	0	Last Reported: 106,836 Current: 104,836	0

Explanation: Must detail all company securities, including securities not listed for trading.

2. The Corporation Announces that:

From date: 18/12/2025 To date: 28/12/2025

_________, _________, _________.

There was a change in the amount and the registry of holders of securities (including rights to purchase shares) of the corporation as a result of:

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.

Description of the Nature of the Change

Redemption of 215 options of type Danel Opt 2021 into 5 ordinary shares of the company and redemption of 2,000 options of type Danel Opt 2023 into 2,000 ordinary shares of the company.

Explanation: Describe all details of the transaction or action resulting in the change in the corporation's securities.

Section Breakdown by Security Holders:

1. Registered Holder:

Name: IBI Benefit Plan (2000) Ltd.

ID Type: Israeli Companies Registrar Number

Date of Change: 18/12/2025
Executed via TASE clearinghouse: Yes
Type and Name of Security Affected: Danel Opt 2021
TASE Security Number: 3140167
Holder's Balance Before Change: 4,065
Holder's Balance After Change: 3,850
Total Amount Changed (Increase/Decrease): 215
Is this a grant of rights to purchase shares? No
Total consideration for issued securities:
TASE Security Number of resulting shares:
Number of shares generated from full exercise/conversion:
Total additional consideration in full exercise/conversion to shares:
Period during which the securities can be exercised:
From: To:
The allocated securities will be listed for trading:
Allocation is a continuation of: Published on: Reference Number:
The security was fully redeemed and full consideration was received.
The security was fully redeemed, but full consideration was not received.
Issued for ATM program
Other:

2. Registered Holder:

Name: Mizrahi-Tefahot Registration Company Ltd. ID Type: Israeli Companies Registrar Number

Nature of Change: Redemption of options

Date of Change: 18/12/2025
Executed via TASE clearinghouse: Yes
Type and Name of Security Affected: Danel, Ordinary Share
TASE Security Number: 314013
Holder's Balance Before Change: 6,247,901
Holder's Balance After Change: 6,247,906
Total Amount Changed (Increase/Decrease): 5
Is this a grant of rights to purchase shares? No
Total consideration for issued securities:
TASE Security Number of resulting shares:
Number of shares generated from full exercise/conversion:
Total additional consideration in full exercise/conversion to shares:
Period during which the securities can be exercised:
From: To:
The allocated securities will be listed for trading:
Allocation is a continuation of: Published on: Reference Number:
The security was fully redeemed and full consideration was received.
The security was fully redeemed, but full consideration was not received.
Issued for ATM program
Other:

3. Registered Holder:

Name: IBI Benefit Plan (2000) Ltd.

ID Type: Israeli Companies Registrar Number

Nature of Change: Redemption of options

Date of Change: 28/12/2025
Executed via TASE clearinghouse: Yes
Type and Name of Security Affected: Danel Opt 2023
TASE Security Number: 1198654
Holder's Balance Before Change: 106,836
Holder's Balance After Change: 104,836
Total Amount Changed (Increase/Decrease): 2,000
Is this a grant of rights to purchase shares? No
Total consideration for issued securities:
TASE Security Number of resulting shares:
Number of shares generated from full exercise/conversion:
Total additional consideration in full exercise/conversion to shares:
Period during which the securities can be exercised:
From: To:
The allocated securities will be listed for trading:
Allocation is a continuation of: Published on: Reference Number:
The security was fully redeemed and full consideration was received.
The security was fully redeemed, but full consideration was not received.
Issued for ATM program
Other:

4. Registered Holder:

Name: Mizrahi-Tefahot Registration Company Ltd. ID Type: Israeli Companies Registrar Number

Nature of Change: Redemption of options

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.
Nature of Change: Redemption of options
Date of Change: 28/12/2025
Executed via TASE clearinghouse: Yes
Type and Name of Security Affected: Danel, Ordinary Share
TASE Security Number: 314013
Holder's Balance Before Change: 6,247,906
Holder's Balance After Change: 6,249,906
Total Amount Changed (Increase/Decrease): 2,000
Is this a grant of rights to purchase shares? No
Total consideration for issued securities:
TASE Security Number of resulting shares:
Number of shares generated from full exercise/conversion:
Total additional consideration in full exercise/conversion to shares:
Period during which the securities can be exercised:
From: To:
The allocated securities will be listed for trading:

Notes:

1. If the change affects more than one security, the effect of the change must be specified in a separate line for each security.

Allocation is a continuation of: _________ Published on: _________ Reference Number: _________

• 1. Change Date all changes of the same type, in the same security, executed on the same day, should be summarized in one line. For this purpose – changes made through the TASE clearinghouse must be separated from those made directly in the company's books.
• 1. Change for a reduction, add the sign "-".

Issued for ATM program

Other: _________

1. In all quantity fields, the number of securities must be entered, not NIS par value.

The security was fully redeemed and full consideration was received.

The security was fully redeemed, but full consideration was not received.

3. Main Shareholder Registry as of the Report Date:

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.

No.	Registered Shareholder Name	ID Type	ID Number	TASE Security Number	Type and Par Value of Shares	Number of Shares	Holding as Trustee
1	Mizrahi-Tefahot Registration Company Ltd.	Israeli Companies Registrar	510422249	314013	Ordinary	6,249,906	No

4. Attached is a file	of the Shareholder Registry pursuant to Section 130 of the Companies Law,
1999

1. Attached is an updated file of the corporation's securities registries, including the register of warrant holders and register of bond holders

pdf.isa_מרשם_ניירות_ערך_מעודכן_מ_28122025_מונגש

[_________]

Alt text: Updated registry of securities as of 28/12/2025

Details of Authorized Signatories on Behalf of the Corporation:

No.	Signatory Name	Position
1	Ilan Ovadia	CFO

Explanation: According to Regulation 5 of the Securities (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 guidance on this matter can be found on the Authority 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.

Short Name: Danel

Address: Aba Hillel 12, Ramat Gan 5250606

Phone: 03-7564032 Fax: 03-7564031

Email: ilanov@edanel.co.il

Previous names of the reporting entity:

Electronic declarant: Yitzhaki Erez

Position: Legal Advisor Email: erezy@edanel.co.il

Address: Aba Hillel 12, Ramat Gan 5250606 Phone: 03-7564032 Fax: 03-7564031

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

Form structure update date: 06/08/2024