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DUNIEC BROS. LTD

Company Number (Registrar): 520038605

To: The Israel Securities Authority To: The Tel-Aviv Stock Exchange Ltd.

Form Number: T078 (Public) Sent via MAGNA: 11/01/2026

Reference Number: 2026-01-004949

Immediate Report on a Person Becoming an Interested Party in the Corporation

Regulation 33(e)-(f) to the Securities Regulations (Periodic and Immediate Reports), 1970

1. Details of the Holder:

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First Name:
First Name in English as appears in Passport:
Last Name/Corporation Name: Migdal Insurance and Financial Holdings Ltd
Last Name/Corporation Name in English: Migdal Insurance and Financial Holdings Ltd
Type of Identification Number: Number in the Israeli Registrar of Companies
Holder is a corporation
Identification Number: 520029984
Citizenship/Country of Incorporation or Registration: Incorporated in Israel
Country of Citizenship/Incorporation or Registration:
Address: 4 Afek St., Petah Tikva
Does the holder act as a representative for reporting the holdings of several shareholders holding together securities of the corporation: Yes
Name of the controlling shareholder in the interested party: As detailed in section 5 below.
Identification Number of the controlling shareholder in the interested party: See below
2. Details of the action by which the holder became an interested party in the corporation:
Nature of the action: Increase (due to purchase outside the stock exchange)
Explanation:
Name and type of security subject to the action: Duniec regular share
Security number on the stock exchange: 400010
Date of execution of the action: 08/01/2026
Quantity of securities subject to the action: 207,200
Price at which the action was executed: 27,083 agorot
Currency:
Are these dormant shares or securities convertible into dormant shares: No
Was the total consideration paid at the time of the change: Yes
If not all consideration paid at the time of change, please indicate date of completion of payment:

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Name, Type, and Series of Security	Security Number	Quantity of Securities	Dormant	Holding Percentage	Holding Percentage (Full Dilution)
Duniec regular share	400010	646,632	No	Equity: 7.21% Voting rights: 8.38%	Equity: 7.10% Voting rights: 8.24%
Duniec BONDS 2	1198704	1,686,156	No	Equity: 0% Voting rights: 0%	Equity: 0% Voting rights: 0%
Duniec BONDS 3	1215896	29,176,062	No	Equity: 0% Voting rights: 0%	Equity: 0% Voting rights: 0%

(B) Group Reporting Membership:

The holder is a member of an institutional reporting group.

Details of Holdings:

Holder	Name, Type, and Series of Security	Security Number	Quantity of Securities	Dormant
Companies managing mutual funds	Duniec regular share	400010	103,373	No
Participating life insurance accounts	Duniec regular share	400010	543,259	No
Companies managing mutual funds	Duniec BONDS 2	1198704	1,686,156	No
Companies managing mutual funds	Duniec BONDS 3	1215896	29,176,062	No

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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.

Notes:

1. If the interested party holds more than one type of security, the holding percentages considering all the securities held by him should be listed in only one line.
1. Holdings of other securities, including those not listed for trading, must also be reported.
1. If the interested party is a subsidiary, the holdings should be split between shares acquired before the Companies Law, 1999 came into force and those acquired after.
1. If the holder is not a member of an institutional reporting group, only section 3A should be completed. If the holder is a member, both sections 3A and 3B should be filled.
1. If the interested party is a company wholly owned (100%) by a single controlling shareholder, the name of the single controlling shareholder should be stated as the holder, with supporting details in the footnotes. Conversely, if the interested party is a company owned by more than one controlling shareholder or by multiple interested parties, the name of the holding company should appear as holder, with the details of the controlling shareholders in the footnotes.
1. A report concerning a significant means of control holder in a banking corporation without a controlling core should be reported using form T121.

Please indicate whether these are dormant shares or securities convertible into dormant shares

4. The interested party does not hold shares or other securities in a held company whose activity is material to the reporting corporation's activity.

Section in case of material subsidiaries:

Name of subsidiary (if activity material to reporting corporation):
Type of ID Number:
ID Number:
Country of incorporation or registration:
Nature of relationship with reporting corporation:
Type of security:
Security number:
Quantity of securities:
Holding percentage of that class:
Holding percentage in equity:
Holding percentage in voting rights:

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5. Additional details:

To the best of the Company's knowledge, as informed by the interested party, as of the reporting date, Mr. Shlomo Eliyahu is the ultimate controlling shareholder in the interested party and holds 45.50% of the issued and paid-up share capital of the interested party via Eliahu Issues Ltd. Eliahu Issues Ltd is wholly owned by Eliahu 1959 Ltd. According to the interested party, the shareholders of Eliahu 1959 Ltd are:

Mr. Shlomo Eliyahu, holding 25.14% of the capital and 98% of the management shares,
Mrs. Chaya Eliyahu, holding 0.02% of the capital and 2% of the management shares,
Shlomo Eliyahu Holdings Ltd, holding 61.7% of the capital,
Akhim Eliyahu Trust and Investments Ltd, holding 13.14% of the capital.

The shareholders of Shlomo Eliyahu Holdings Ltd are:

Mr. Shlomo Eliyahu, holding 83.31%
Mrs. Chaya Eliyahu, holding 16.69%.

The sole shareholder of Akhim Eliyahu – Trust and Investments Ltd is Eliahu 1959 Ltd, whose shareholders are as listed above.

The shares of the Company appearing under Participating life insurance accounts are held by the partnership "Migdal Sal – Israeli Shares" (the "Partnership"). The partnership is a registered partnership, all of whose right holders are companies belonging to an institutional reporting group from the Migdal group. The partnership itself is not a participating life insurance account and/or a management company. According to the agreements between the right holders in the partnership, their holding rates in the partnership change frequently, according to a mechanism set in the partnership agreement. The holding rates of the right holders in the partnership are as follows:

Participating: 44.01%

Pension and Provident Funds: 55.99%

6. The date and time the corporation first became aware of the event/matter:

Date: 11/01/2026 Time: 11:32

Details of the authorized signatories on behalf of the corporation:

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No.	Name	Position
1	Orly Granot-Ben Avi, Adv.	Corporate Secretary

Note: According to Regulation 5 to the Periodic and Immediate Reports Regulations (1970), a report filed under these regulations shall be signed by the persons authorized to sign on behalf of the corporation. The staff's position in this matter can be found at the Israel Securities Authority website: Click here

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

Form structure update date: 04/02/2025

Short Name: Duniec

Address: Yakum Business Park - Building D, D Yakum, 6097200

Phone: 09-8638573 Fax: 09-7734903

Email: [email protected]

Previous names of reporting entity:

Name of electronic reporter: Granot Ben Avi Orly

Position: Adv., Company Secretary

Address: 65 Jabotinsky St., Rishon Lezion 75109

Phone: 052-5696881 Fax: 03-9673651

Email: [email protected]

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Duniec Brothers Ltd.

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