Elco Ltd. — Major Shareholding Notification 2026

May 13, 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.

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Elco Ltd			149
ELCO LTD
Number in the Registrar: 520025370			2114
To: Israel Securities Authority	To: Tel-Aviv Stock Exchange Ltd	T078 (Public)	Filed via MAGNA:	13/05/2026
www.isa.gov.il	www.tase.co.il		Reference:	2026-01-044040	Time of transmission: 07:25 07:18:10

Immediate report on a person who became an interested party in the corporation

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

1. Details of the holder:

First name: ____

First name in English as it appears in the passport: ____

Surname/Name of corporation: Yelin Lapidot Holdings Ltd

Surname/Name of corporation in English: Yelin Lapidot Holdings Management LTD

Type of I.D. number: Number in the Israeli Companies Registrar ☐ The holder is a corporation

Identification number: 513167346

Citizenship / Country of incorporation or registration: Incorporated in Israel

Country of citizenship / incorporation or registration: ____

Address: 50 Dizengoff St., Tel Aviv-Yafo

Does the holder serve as a representative for the purpose of reporting on a number of shareholders who hold together with him securities of the corporation: Yes

Name of the controlling shareholder in the interested party: See Section 5

Identification number of the controlling shareholder in the interested party: See Section 5

2. Details of the action as a result of which the holder became an interested party in the corporation:

a. Nature of the action Increasedue to purchase on the stock exchange

b. Name and type of the security that is the subject of the action: Ordinary shares NIS 0.25 par value

c. Stock exchange security number: 694034

d. Date of execution of the action 11/05/2026

e. Quantity of securities subject of the action: 137,241

f. Price at which the action was executed: 15,595agorot

g. Whether they are dormant shares or securities convertible into dormant shares No

h. Whether the entire consideration was paid on the date of the change Yes

If the entire consideration was not paid on the date of the change, please indicate the date of completion of the payment

3. a. Holdings of the interested party after the action:

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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.

Name, type and series of the security	Stock exchange security number	Quantity of securities	Dormant*	Holding rate	Holding rate (full dilution)
% Capital	% Voting	% Capital	% Voting
Ordinary shares NIS 0.25 par value	694034	1,418,756	No	5.41	5.41
Elco BONDS Series 13	6940233	16,724,334	No	d,d	d,d
Elco BONDS Series 14	1207752	11,846,646	No	d,d	d,d

b. ☐ The holder is not a member of an institutional reporting group.
☐ The holder is not a member of an institutional reporting group, but serves as a senior officer who is not a CEO or director and is not an interested party by virtue of his holdings.
☐ The holder is a hedge fund as defined in the Joint Investment Trust Regulations (Assets that may be purchased and held in a fund and their maximum rates), 1994.
☐ The hedge fund has the right to appoint a director or its representative to the company's board of directors
☐ The holder is a member of an institutional reporting group.

His holdings are detailed below:

The holder	Name, type and series of the security	Stock exchange security number	Quantity of securities	Dormant
Provident funds and companies managing provident funds	Ordinary shares NIS 0.25 par value	694034	1,319,903	No
Companies managing mutual funds	Ordinary shares NIS 0.25 par value	694034	98,853	No
Companies managing mutual funds	Elco BONDS Series 13	6940233	16,724,334	No
Companies managing mutual funds	Elco BONDS Series 14	1207752	11,846,646	No

Explanations:

1. If the interested party holds more than one type of security, the holding rates should be specified taking into account all the securities held by him only in one of the rows.
2. Holdings of other securities should also be reported, including other securities that are not listed for trading.
3. In a case where the interested party is a subsidiary, holdings must be split into shares acquired prior to the Companies Law, 1999 entering into force, and shares acquired after it entered into force.
4. When the holder is not a member of an institutional reporting group, only Section 3a must be completed. When the holder is a member of an institutional reporting group, Sections 3a and 3b must be completed.
5. If the interested party is a corporation wholly (100%) owned by a single controlling shareholder, the "Name of holder" field must indicate the name of the single controlling shareholder and in the notes at the bottom of the form the details will be provided of the corporation or corporations through which the shares are held, together with any other relevant detail. In contrast, if the interested party is a corporation held by more than one controlling shareholder, or held by a number of interested parties, the "Name of holder" field must indicate the name of the holding corporation and in the notes at the bottom of the form details will be provided of the controlling shareholders or interested parties who hold the holding corporation.
6. A report regarding a holder of a material means of control in a banking corporation without a core controlling interest shall be reported on form T121.

7. It must be indicated whether these are dormant shares or securities convertible into dormant shares

8. ☐ The interested party does not hold shares or other securities in a held company, if its activity is material to the activity of the reporting corporation
   ☐ The interested party holds shares or other securities in a held company, if its activity is material to the activity of the reporting corporation, as detailed below:

1 Name of the held company if its activity is material to the activity of the reporting corporation: Supergas Power (2019) Ltd
Type of identification number: Number in the Registrar
Identification number: 516077989
Country of incorporation or registration: Incorporated in IsraelCountry:
Nature of the relationship to the reporting corporation:

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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.

Subsidiary
Type of security: Share Security number: 1166917
Quantity of securities: 352,080
Holding rate out of all securities of the same type: % 1.97
Holding rate in capital: % 1.97 Holding rate in voting power: % 1.97
2 Name of the held company if its activity is material to the activity of the reporting corporation: Supergas Power (2019) Ltd
Type of identification number: Number in the Registrar
Identification number: 516077989
Country of incorporation or registration: Incorporated in Israel Country: ___
Nature of the relationship to the reporting corporation: Subsidiary
Type of security: BONDS Series A Security number: 1167360
Quantity of securities: 207,387 Holding rate out of all securities of the same type: % 0.13
Holding rate in capital: % 0 Holding rate in voting power: % 0
3 Name of the held company if its activity is material to the activity of the reporting corporation: Supergas Power (2019) Ltd
Type of identification number: Number in the Registrar
Identification number: 516077989
Country of incorporation or registration: Incorporated in Israel Country: ___
Nature of the relationship to the reporting corporation: Subsidiary
Type of security: BONDS Series B Security number: 1181924
Quantity of securities: 6,810,822 Holding rate out of all securities of the same type: % 2.75
Holding rate in capital: % 0 Holding rate in voting power: % 0
4 Name of the held company if its activity is material to the activity of the reporting corporation: Electra Ltd
Type of identification number: Number in the Registrar
Identification number: 520028911
Country of incorporation or registration: Incorporated in Israel Country: ___
Nature of the relationship to the reporting corporation: Subsidiary
Type of security: Share Security number: 739037
Quantity of securities: 281,167 Holding rate out of all securities of the same type: % 0.35
Holding rate in capital: % 0.37 Holding rate in voting power: % 0.37
5 Name of the held company if its activity is material to the activity of the reporting corporation: Electra Ltd
Type of identification number: Number in the Registrar

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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.

Identification number: 520028911
Country of incorporation or registration: Incorporated in IsraelCountry: ___
Nature of the relationship to the reporting corporation: Subsidiary Type of security: BONDS Series D Security number: 7390149 Quantity of securities: 341,089 Holding rate out of all securities of the same type: % 0.52 Holding rate in capital: % 0Holding rate in voting power: % 0
6 Name of the held company if its activity is material to the activity of the reporting corporation: Electra Ltd Type of identification number: Number in the Registrar Identification number: 520028911 Country of incorporation or registration: Incorporated in IsraelCountry: ___
Nature of the relationship to the reporting corporation: Subsidiary Type of security: BONDS Series E Security number: 7390222 Quantity of securities: 12,120,277 Holding rate out of all securities of the same type: % 2.50 Holding rate in capital: % 0Holding rate in voting power: % 0
7 Name of the held company if its activity is material to the activity of the reporting corporation: Electra Ltd Type of identification number: Number in the Registrar Identification number: 520028911 Country of incorporation or registration: Incorporated in IsraelCountry: ___
Nature of the relationship to the reporting corporation: Subsidiary Type of security: BONDS Series F Security number: 7390263 Quantity of securities: 13,502,622 Holding rate out of all securities of the same type: % 1.27 Holding rate in capital: % 0Holding rate in voting power: % 0
8 Name of the held company if its activity is material to the activity of the reporting corporation: Electra Consumer Products (1970) Ltd Type of identification number: Number in the Registrar Identification number: 520039967 Country of incorporation or registration: Incorporated in IsraelCountry: ___
Nature of the relationship to the reporting corporation: Subsidiary Type of security: BONDS Series A Security number: 5010335 Quantity of securities: 5,018,838 Holding rate out of all securities of the same type: % 1.22

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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.

Holding rate in capital: % 0 Holding rate in voting power: % 0

9 Name of the held company if its activity is material to the activity of the reporting corporation: Electra Real Estate Ltd
Type of identification number: Number in the Registrar

Identification number: 510607328

Country of incorporation or registration: Incorporated in Israel Country: __

Nature of the relationship to the reporting corporation: Subsidiary

Type of security: Share Security number: 1094044

Quantity of securities: 15,359

Holding rate out of all securities of the same type: % 0.02

Holding rate in capital: % 0.02 Holding rate in voting power: % 0.02

10 Name of the held company if its activity is material to the activity of the reporting corporation: Electra Real Estate Ltd
Type of identification number: Number in the Registrar

Identification number: 510607328

Country of incorporation or registration: Incorporated in Israel Country: __

Nature of the relationship to the reporting corporation: Subsidiary

Type of security: BONDS Series F Security number: 1174564

Quantity of securities: 5,940,071

Holding rate out of all securities of the same type: % 1.68

Holding rate in capital: % 0 Holding rate in voting power: % 0

1. Additional details:

Yelin Lapidot Provident Funds Management Ltd (Company Reg. No. 513611509) and Yelin Lapidot Mutual Funds Management Ltd (Company Reg. No. 513846808) are private companies owned by Yelin Lapidot Holdings Ltd (Company Reg. No. 513167346). The shareholders of Yelin Lapidot Holdings Ltd are Mr. Yair Lapidot (I.D. 055342372) and Mr. Dov Yelin (I.D. 053584314), each holding 25% of the voting rights and 24.62% and 24.38% of the rights in the capital, respectively, and Atrio Capital Markets Ltd (Company Reg. No. 513773564), which holds 50% of the capital and voting rights through Atrio Financial Assets Management (2005) Ltd.

1. The date and time on which the corporation first became aware of the event or matter 12/05/2026 at 17:04

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

Name of signatory	Position
1 Eliezer Wesly	Chief Financial Officer

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (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 matter can be found on the Authority's website: Click here.

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

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

Date of last update of form structure: 04/02/2025

Short name: Elco

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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.

Address: Yigal Alon98, Tel Aviv6789141 Telephone: 03-6939696, Fax: 03-6939689

Email: corpsecretary@elco.co.il Company website: http://www.elco.co.il/

Previous names of the reporting entity: Elco Holdings Ltd

Name of electronic filer: Wesly Eliezer
Position: Chief Financial Officer
Name of employing company: Elco Holdings Ltd

Address: Yigal Alon 98, Tel-Aviv6789141
Telephone: 03-6939678
Fax: 03-6939656
Email: eliv@elco.co.il