DANEL (Adir Yeoshua) Ltd. — Share Issue/Capital Change 2026

May 26, 2026

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.

Danel (Adir Yehoshua) Ltd.

DANEL (ADIR YEOSHUA) LTD

Number in the Register: 520037565

To: Israel Securities Authority

www.isa.gov.il

To: Tel Aviv Stock Exchange Ltd.

www.tase.co.il

T087 (Public)

T087

Transmitted by MAGNA: 26/05/2026

Reference:

2026-01-048587

Capital structure, grant of rights to purchase shares and the registers of the corporation's securities and changes therein

Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Nature of the change: Exercise of warrants into ordinary shares of the company

Explanation: Briefly describe the nature of the change

Reference numbers of previous reports on the subject: _, _, ____.

1. The corporation's securities position after the change:

Name and type of security	Security No. on the stock exchange	Quantity in registered capital	Issued and paid-up capital		Quantity registered in the name of the Registration Company
			Quantity in last report	Current quantity
Ordinary share	314013	10000000	6,288,866	6,294,734	6,294,716
Danel Warrant 2021	3140167	0	2,932	2,932	0
Danel Warrant 2023	1198654	0	66,812	60,944	0

Explanation: Detail all of the company's securities, including securities not listed for trading.

1. The corporation announces that:

☐ On the date 26/05/2026

☐ From date _ to date _

A change occurred in the quantity and in the register of holders of the corporation's securities (including rights to purchase shares) as a result of:

Description of the nature of the change

Exercise of 5,868 warrants of type Danel Warrant 2023 into 5,868 ordinary shares of the company

Explanation: Describe the full details of the transaction or action that gave rise to the change in the corporation's securities.

Name of the registered holder in respect of whom the change occurred: I.B.I. Benefit Plan (2000) Ltd.

Type of identification number: Number in the Israeli Companies Register Identification number: 512907718

Nature of the change: Exercise of warrants ____

Date of change: 26/05/2026 Executed via the Stock Exchange Clearing House: Yes

Type and name of security in which the change occurred: Danel Warrant 2023

Security No. on the stock exchange: 1198654

Balance of the holder in the security in the last report: 66,812

Balance of the holder in this security after the change: 60,944

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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.

Total quantity of securities in which there was a decrease/increase: 5,868
Is this a grant of rights to purchase shares No
Total consideration for securities that were allotted: ___
The stock exchange number of the share to result from the exercise of the security: ___
Number of shares that will result from the full exercise/conversion of the security: ___
Total exercise premium that will be received from full exercise/conversion of the security into shares: ___
The period during which the security may be exercised: ___
From _until _
The securities that were allotted will be listed for trading: ___
The said allotment of securities is further to _published on ___and its reference number is _
☐ The security has been fully paid and the consideration has been fully received.
☐ The security has been fully paid, but the consideration has not been fully received.
☐ Issued for purposes of an ATM program
☐ Other.
____
Name of the registered holder in respect of whom the change occurred: Mizrahi Tefahot Registration Company Ltd. 2
Type of identification number: Number in the Israeli Companies RegisterIdentification number: 510422249
Nature of the change: Exercise of warrants ___
Date of change: 26/05/2026Executed via the Stock Exchange Clearing House: Yes
Type and name of security in which the change occurred: Danel, ordinary share
Security No. on the stock exchange: 314013
Balance of the holder in the security in the last report: 6,288,848
Balance of the holder in this security after the change: 6,294,716
Total quantity of securities in which there was a decrease/increase: 5,868
Is this a grant of rights to purchase shares No
Total consideration for securities that were allotted: ___
The stock exchange number of the share to result from the exercise of the security: ___
Number of shares that will result from the full exercise/conversion of the security: ___
Total exercise premium that will be received from full exercise/conversion of the security into shares: ___
The period during which the security may be exercised: ___
From _until _
The securities that were allotted will be listed for trading: ___
The said allotment of securities is further to _published on ___and its reference number is _
☐ The security has been fully paid and the consideration has been fully received.
☐ The security has been fully paid, but the consideration has not been fully received.
☐ Issued for purposes of an ATM program

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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.

Other.

Explanations:

1. If the change affects more than one security, detail the effect of the change in a separate line for each security.
2. Date of change - all changes of the same type, in the same security, carried out on one day, shall be summarized in one line. For this purpose - changes carried out through the Stock Exchange Clearing House should be separated from changes carried out directly in the company's books.
3. The change - for a decrease, add the sign "-".
4. In all quantity fields, specify the quantity of securities and not NIS par value.

A change occurred only in the register of holders of the corporation's securities (without a change in the quantity of the corporation's securities) as a result of:

Description of the nature of the change

Explanation: Describe the full details of the transaction or action that gave rise to the change in the register

1 Name of the registered holder in respect of whom the change occurred:
Type of identification number: Identification number:
Date of change: Executed via the Stock Exchange Clearing House:
Type and name of security in which the change occurred:
Security No. on the stock exchange:
Quantity of the change:
Balance of the holder in this security after the change:

1. Main shareholders' register as of the reporting date is as follows:

No.	Name of registered shareholder	Type of identification number	Identification number	Security number on the stock exchange	Type of shares and their par value	Number of shares	Does he hold the shares as trustee
1	Mizrahi Tefahot Registration Company Ltd.	Number in the Israeli Companies Register	510422249	314013	Ordinary	6,294,716	No

1. Attached is a file of the shareholders' register in accordance with the provisions of Section 130 of the Companies Law, 5759 - 1999
2. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of BONDS holders Updated securities register from 26052026 accessible isa.pdf

Details of the signatories authorized to sign on behalf of the corporation:

	Name of signatory	Position
1	Ilan Ovadia	Chief Financial Officer
2	Erez Yitzhaki	Company Legal Counsel

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 - 1970), a report submitted pursuant to these Regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on the subject can be found on the Authority's website: Click here.

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

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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.

The corporation's securities are listed for trading on the Tel Aviv Stock Exchange	Date of form structure update: 06/08/2024
Short name: Danel
Address: Aba Hillel12, Ramat Gan5250606	Telephone: 03-7564032, Fax: 03-7564031
E-mail: ilanov@edanel.co.il
Former names of reporting entity:
Name of electronic reporter: Yitzhaki ErezPosition: Legal CounselName of employing company:
Address: Aba Hillel 12, Ramat Gan5250606Telephone: 03-7564032Fax: 03-7564031E-mail: erezy@edanel.co.il