Elco Ltd. - Director's Dealing 2026

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As of date: 31/03/2026false

ELCO LTD

148

ELCO LTD

Registrar number: 520025370

2114

To: Israel Securities Authority	To: The Tel-Aviv Stock Exchange Ltd.	T077 (Public)	Filed via MAGNA:	23/04/2026
www.isa.gov.il	www.tase.co.il		Reference:	2026-01-037255	Time of transmission: 08:20 08:15:36

Immediate report on the holdings status of interested parties and senior officers

Regulation 33 (c) - (d) of the Securities Regulations (Periodic and Immediate Reports), 1970

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

The following is the status as of 31/03/2026:

A. Interested parties in the corporation (including the CEO and directors, and including any other employee holding five percent or more of the issued share capital of the corporation or of its voting power):

Holder number	Holder name	Name, type and series of the security 330	Updated quantity of securities	Holding rate		Holding rate (full dilution)
				% capital	% voting	% capital	% voting
1	Daniel Salkind	Ordinary 0.25	8,549,866	32.23	32.23	32.12	32.12
2	Michael Salkind	Ordinary 0.25	8,549,866	32.23	32.23	32.12	32.12
3	ELCO LTD	Dormant	8,115,030
4	Mordechai Friedman	Ordinary 0.25	1,455	0.01	0.01	0.01	0.01
5	Clal Insurance Enterprises Holdings Ltd – Provident funds and companies managing provident funds	Ordinary 0.25	3,270,944.97	12.33	12.33	12.29	12.29
Total holding rate	Total holding rate (full dilution)
---	---
[% capital] % voting	[% capital] % voting
76.8 76.8	76.54 76.54

B. Senior officers in the corporation (excluding the CEO and directors, and excluding any other employee holding five percent or more of the issued share capital of the corporation or of its voting power):

☐ Do not hold securities of the corporation.

☐ The following is the holdings status of the senior officers in the corporation:

Holder number	Holder name	Name, type and series of the security 330	Updated quantity of securities	Holding rate		Holding rate (full dilution)
				% capital	% voting	% capital	% voting
6	Israeli Abraham Avisshai	Elco employee warrants (non-tradable)	95,926			0.36	0.36
Total holding rate	Total holding rate (full dilution)
---	---
[% capital] % voting	[% capital] % voting
0.0	0.36 0.36

Explanations:

A report must also be made on holdings of other securities (that are not BONDS), including other securities that are not listed for trading.
In a case where a report is required on a holding of BONDS that cannot be converted into shares, the holdings status may be attached as a PDF file in the designated field at the end of Section B, instead of entering the data in the form, all in accordance with the provisions of Legal Staff Position no. 104-21: Link.
The PDF file must be prepared in a structure and content corresponding to the Excel file published by the Authority and attached to the staff position. The PDF file will include, at a minimum, the information appearing in the Excel file.
If the interested party holds more than one type of security in the corporation, the holding rate (including on a fully diluted basis) must be indicated taking into account all the securities held by him in a single row only.
In this form, the holdings status of all interested parties must be detailed, including those whose holdings have not changed.
In a case where the interested party is a held company with activity that is material to the activity of the corporation, the holdings must be split into shares purchased prior to the entry into force of the Companies Law, 1999, which grant rights in capital and voting, and shares purchased after its entry into force which are dormant shares.
If the interested party is a corporation, the first name of the ultimate controlling shareholder/s in this corporation must also be indicated. If there is no controlling shareholder in the interested party – the details of the interested parties in it shall be provided.
If a senior officer holds five percent or more of the issued share capital of the corporation or of its voting power, his holdings must be detailed in the "Interested parties" holdings table as set out in Section A above.
If the interested party or the senior officer also holds securities in a held company of his, if its activities are material to the activity of the corporation, details of these holdings shall be provided in the "Remarks" field appearing within the holder details.

Holder name
Daniel Salkind

Holder name in English as it appears in the passport
Daniel Salkind

Holder no.: 1

Type of holder: Director/CEO

The hedge fund has the right to appoint a director or its representative to the company's board of directors

Type of identification number: ID number

Identification number: 057277360

Controlling shareholder in the holder:

Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration:

Does the holder serve as a representative for the purpose of reporting of several shareholders holding together with him securities of a corporation No

Is the holder allowed to report the change in the holding on an aggregate basis: No

Explanation: Those required to report any change in holding in accordance with Regulation 33 of the Periodic and Immediate Reports Regulations are: an interested party which is the corporation, a corporation controlled by the corporation, a controlling shareholder or a senior officer in the corporation.

Are the shares held dormant shares No

TASE security number: 694034

Balance in previous central report (quantity of securities): 8,549,866

Change in quantity of securities: 0

Explanation: If a decrease in the number is reported, a negative value must be indicated, i.e. with the "-" sign.

Maximum holding rate of the holder in the security during the report period: %

Minimum holding rate of the holder in the security during the report period: % ____

Explanation: Maximum and minimum holding rate in the period beginning on the effective date of the previous holdings status report shall be given by each of the members of an institutional reporting group, subject to the control or management of an interested party, who held and/or hold securities for the interested party.

Remarks:

The company is a public company whose securities are listed for trading on the Tel Aviv Stock Exchange Ltd. The controlling shareholders of the company are the brothers Messrs. Daniel Salkind and Michael Salkind who jointly hold its shares. There is a voting agreement between Messrs. Daniel Salkind and Michael Salkind according to which they will coordinate their votes at the general meetings of the company.

Holder name

Michael Salkind

Holder name in English as it appears in the passport

Michael Salkind

Holder no.: 2

Type of holder: Director/CEO

The hedge fund has the right to appoint a director or its representative to the company's board of directors ____

Type of identification number: ID number

Identification number: 022972020

Controlling shareholder in the holder:

Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: ____

Does the holder serve as a representative for the purpose of reporting of several shareholders holding together with him securities of a corporation No

Is the holder allowed to report the change in the holding on an aggregate basis: No

Are the shares held dormant shares No

TASE security number: 694034

Balance in previous central report (quantity of securities): 8,549,866

Change in quantity of securities: 0

Explanation: If a decrease in the number is reported, a negative value must be indicated, i.e. with the "-" sign.

Maximum holding rate of the holder in the security during the report period: % ____

Minimum holding rate of the holder in the security during the report period: % ____

Remarks:

See remark for holder no. 1 above.

Holder name

ELCO LTD

Holder name in English as it appears in the passport

Elco Ltd

Holder no.: 3

Type of holder: The reporting corporation

The hedge fund has the right to appoint a director or its representative to the company's board of directors

Type of identification number: Number at Israeli Registrar of Companies

Identification number: 520025370

Controlling shareholder in the holder:

Daniel Salkind and Michael Salkind. See remark for holder no. 1 above.

Citizenship / Country of incorporation or registration: Incorporated in Israel

Country of citizenship / incorporation or registration:

Does the holder serve as a representative for the purpose of reporting of several shareholders holding together with him securities of a corporation No

Is the holder allowed to report the change in the holding on an aggregate basis: No

Are the shares held dormant shares Yes

TASE security number: 694034

Balance in previous central report (quantity of securities): 7,711,030

Change in quantity of securities: 404,000

Explanation: If a decrease in the number is reported, a negative value must be indicated, i.e. with the "-" sign.

Maximum holding rate of the holder in the security during the report period: %

Minimum holding rate of the holder in the security during the report period: %

Remarks:

Holder name

Mordechai Friedman

Holder name in English as it appears in the passport

Mordechai Friedman

Holder no.: 4

Type of holder: Director/CEO

The hedge fund has the right to appoint a director or its representative to the company's board of directors

Type of identification number: ID number

Identification number: 051644979

Controlling shareholder in the holder:

Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: ____

Does the holder serve as a representative for the purpose of reporting of several shareholders holding together with him securities of a corporation No

Is the holder allowed to report the change in the holding on an aggregate basis: No

Are the shares held dormant shares No

TASE security number: 694034

Balance in previous central report (quantity of securities): 1,455

Change in quantity of securities: 0

Explanation: If a decrease in the number is reported, a negative value must be indicated, i.e. with the "-" sign.

Maximum holding rate of the holder in the security during the report period: % ____

Minimum holding rate of the holder in the security during the report period: % ____

Remarks:

In addition, Mr. Friedman holds 2,117 ordinary shares of Electra Consumer Products (1970) Ltd., 6,473 ordinary shares of Electra Real Estate Ltd., 3,080 ordinary shares of Electra Ltd. and 4,902 ordinary shares of Supergas Power (2019) Ltd., which are subsidiaries of the reporting corporation. See also Regulation 24 of Part D of the company's Periodic report for 2025 (reference number: 2026-01-028839).

Holder name

Clal Insurance Enterprises Holdings Ltd – Provident funds and companies managing provident funds

Holder name in English as it appears in the passport

Clal Insurance Enterprises Holdings LTD

Holder no.: 5

Type of holder: Provident funds and companies managing provident funds

The hedge fund has the right to appoint a director or its representative to the company's board of directors ____

Type of identification number: Number at Israeli Registrar of Companies

Identification number: 520036120

Controlling shareholder in the holder:

The company is a company without a controlling core.

Citizenship / Country of incorporation or registration: Incorporated in Israel

Country of citizenship / incorporation or registration: ____

Does the holder serve as a representative for the purpose of reporting of several shareholders holding together with him securities of a corporation Yes

Is the holder allowed to report the change in the holding on an aggregate basis: Yes

Are the shares held dormant shares No

TASE security number: 694034

Balance in previous central report (quantity of securities): 3,128,580.97

Change in quantity of securities: 142,364

Explanation: If a decrease in the number is reported, a negative value must be indicated, i.e. with the "-" sign.

Maximum holding rate of the holder in the security during the report period: % 12.15

Minimum holding rate of the holder in the security during the report period: % 11.62

Remarks:

The following details as provided by the interested party: 1. Clal Insurance Enterprises Holdings Ltd., reg. no. 52-003612-0 ("Clal Holdings") is an Israeli resident company and its securities are listed for trading on the Tel Aviv Stock Exchange Ltd. On December 10, 2019 Clal Holdings reported to the Stock Exchange and to the Israel Securities Authority that it became a company without a controlling core. Clal Holdings is considered an "interested party" in the company, by virtue of the aggregate holdings of participating life insurance accounts and management companies under its control and management. 2. The holding in the shares is through the partnership "Amitei Kvutzat Clal – Clal Index Shares Israel" and the partnership "Amitei Kvutzat Clal – Clal Index Specialized Shares Israel". Each of the partnerships is a registered general partnership all rights in which are companies in the Clal Group. The partnerships themselves are not management companies and/or participating life insurance accounts. 3. The following are the holdings of Clal Holdings as of March 31, 2026 in securities of Electra Ltd., a subsidiary of the company, which is a public company whose securities are listed for trading on the Stock Exchange: Ordinary share: Nostro – 96,057 Provident funds – 5,120,659.80; additionally, loaned amount – 167 shares Bond D: Nostro – 64,502.02 The following are the holdings of Clal Holdings as of March 31, 2026 in securities of Electra Consumer Products (1970) Ltd., a subsidiary of the company, which is a public company whose securities are listed for trading on the Stock Exchange: Ordinary share: Nostro – 1,564 Provident funds – 926,474 Bond A: Provident funds – 20,841,783.11 The following are the holdings of Clal Holdings as of March 31, 2026 in securities of Electra Real Estate Ltd., a subsidiary of the company, which is a public company whose securities are listed for trading on the Stock Exchange: Ordinary share: Nostro – 23,340 Provident funds – 4,891,412.97; additionally, loaned amount – 91,809 shares Bond F: Provident funds – 42,235,718.71 Bond G: Nostro – 6,295,005.16 Provident funds – 88,649,520 The following are the holdings of Clal Holdings as of March 31, 2026 in securities of Supergas Power (2019) Ltd., a subsidiary of the company, which is a public company whose securities are listed for trading on the Stock Exchange: Bond A: Nostro – 5,768,554.56 Provident funds – 24,010,033.73 Bond B: Nostro – 1,809,574.42 Provident funds – 3,140,537.16

Holder name

Israeli Abraham Avisshai

Holder name in English as it appears in the passport

Israeli Abraham Avisshai

Holder no.: 6

Type of holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings

The hedge fund has the right to appoint a director or its representative to the company's board of directors

Type of identification number: ID number

Identification number: 058027053

Controlling shareholder in the holder:

Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: _____

Does the holder serve as a representative for the purpose of reporting of several shareholders holding together with him securities of a corporation No

Is the holder allowed to report the change in the holding on an aggregate basis: No

Are the shares held dormant shares No

TASE security number: 1211259

Balance in previous central report (quantity of securities): 95,926

Change in quantity of securities: 0

Explanation: If a decrease in the number is reported, a negative value must be indicated, i.e. with the "-" sign.

Maximum holding rate of the holder in the security during the report period: %

Minimum holding rate of the holder in the security during the report period: %

Remarks:

Attachment of holdings status in BONDS that are not convertible (according to Legal Staff Position no. 104-21):

C. As of the date of submission of this report and according to the provisions of the law, is there a controlling shareholder in the corporation:

Yes
No
Other

The controlling shareholder in the corporation is:

1 Daniel Salkind

Identification number of the controlling shareholder: ID number057277360

Was control transferred in the period described in the report: No

Explanation: If control in the reporting corporation was transferred, the name of the previous controlling shareholder and his identification number must be indicated.

2 Michael Salkind

Identification number of the controlling shareholder: ID number022972020

Was control transferred in the period described in the report: No

Explanation: If control in the reporting corporation was transferred, the name of the previous controlling shareholder and his identification number must be indicated.

Total holding rate $(\%)$ in the corporation's capital of all controlling shareholders: 64.46

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

	Signer's name	Position
1	Eliezer Wesly	Chief Financial Officer

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

For the holdings of senior officers of the company in securities of the company's held companies, whose activities are material to the company's activity, see Regulation 24 of Part D of the company's Periodic report for 2025 (reference number: 2026-01-028839).
The full-dilution holding rates in this report assume only a theoretical assumption of the exercise of the company's existing warrants into shares at a 1:1 ratio. In practice, upon exercise of the warrants the warrant holders will be allotted, upon exercise, shares in a quantity reflecting only the monetary benefit amount embedded in the warrants (net exercise – cashless).
For completeness, it is noted that as of the publication date of the report Messrs. Daniel Salkind and Michael Salkind hold approximately 65.21% of the voting rights in the company.

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

The corporation's securities are listed for trading on the Tel Aviv Stock Exchange	Date of form structure update: 21/10/2025
Short name: Elco
Address: Yigal Alon98, Tel Aviv6789141	Telephone: 03-6939696, Fax: 03-6939689
Email: [email protected]	Company website: http://www.elco.co.il/
Previous names of the reporting entity: Elco Holdings Ltd
Electronic reporter name: Wesly Eliezer	Position: Chief Financial Officer
Employer: Yigal Alon 98, Tel Aviv 6789141	Telephone: 03-6939678
Fax: 03-6939656	Email: [email protected]

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