Elco Ltd.

Prospectus • Dec 4, 2025

ELCO LTD

Number in Registry: 520025370

To:

Israel Securities Authority (www.isa.gov.il)

Tel Aviv Stock Exchange Ltd (www.tase.co.il)

Form Number: T020 (Public)

Transmitted via MAGNA: 04/12/2025

Reference: 2025-01-096913

Offeror Notification Regarding Results of Offer in Prospectus

According to Section 30 of the Securities Law, 1968 and Securities Regulations (Notices of Results of Offer in Prospectus), 1969

Regulation 30g to the Periodic and Immediate Reports Regulations, 1970

• Results of early commitment auction given in the prospectus (without offering the securities of the prospectus)
• Results of offer in prospectus.
• Cancellation of the public offer.

Note: In reporting the results of an offer in a prospectus, early commitments made prior to the publication of the prospectus should also be included.

The prospectus is a shelf prospectus of a reporting corporation.

1. The results of the offer in the prospectus whose reference number of its publication is (T012) 2023-01-086227 are presented here.

The permit for its publication was granted on 12/09/2023 and the period for submitting orders ended on (in case of an ATM program, the date the program ended) ________.

Was the offer made via a shelf offering report or supplementary notice? Yes

Reference number for the shelf offering report (T022) / supplementary notice (T024): 2025-01-096295

Attached are the results of the public offering in the prospectus: [Results_Public_Auction_isa.pdf](L:\תשקיפים\אלקו (pdf.isa_והנפקות\הרחבת סדרה 14 לציבור נובמבר 2025\מכרז ציבורי\תוצאות_מכרז_ציבורי

Image:

Alt: Results of the public auction in PDF

Prospectus Number: 45224

Note: For internal use by the Authority.

1. (a) Total securities offered in the prospectus:

Security Type	Security No.	Security Name	Total Quantity	Price*	Interest Rate (%)	Discount Rate	Weighted Discount Rate
Debentures (bond)	1207752	BONDS (Series 14)	225,000,000	1.054 ILS	5.98

Price per 1 security

(b) Supplementary details for tracker certificates offered in the prospectus:

Canceled*	Security No.	Serial Number	Name	Security Type on TASE	Trustee Name	Listing Date

Note: The maximum number of records for this table is 35. If more records need to be reported, the report should be split.

Explanation: If the series is canceled, mark the "Canceled" field.

Explanation: In the "Serial Number" field, enter up to 3 letters or digits describing the series' serial number. No additional marks such as quotation marks.

1. Total securities by types and by types of applicants whose offer was accepted:

Securities for which consideration is received in cash:

Issue Type	Type, Number & Name TASE	Tender Number	Applicant Type	Total Issued Qty	Price*	Future Exercise Price*	Total Calculated Consideration	Par Value of Total Securities
Public offer (cash consideration)	Debentures, 1207752, BONDS (Series 14)	1207760	Public	225,000,000	1.0535 ILS		237,037,500 ILS	225,000,000 ILS

Price per 1 security

In case of listing for trading (including IPO listing) / release from lockup / exchange tender offer / merger / dividend-inkind distribution:

Issue Type	Type, Number & Name TASE	Total Quantity	Avg. Closing Price* / Value day prior to exchange	Future Exercise Price	Total Calculated Consideration	Par Value	Execution Date**	Securities Issued:

Avg. closing price of the security of this type during the first 3 trading days after listing.

*In case of listing/release/dividend-in-kind, the date is the day of listing for trading on the exchange. In case of exchange tender offer, the date is the actual date of exchange.

**In exchange tender offer, report the exchanged (received) securities. If the replaced securities are not traded, report the securities offered.

Note: The total amount of calculated consideration will be in accordance with the Securities Regulations (Application Fee for Prospectus Permit), 1995. For your convenience, ^a link to the calculation table: Click Here

In case of exchange tender offer:

Consideration received in cash in:
Consideration paid in cash in:

• The cash consideration the offeror received for the offered securities ** The cash consideration paid by the offeror as part of the tender offer
• 1. Details about underwriters and distributors in the offering:

Participation in the issuance:

• Underwriters
• Distributors
• None of these

#	Name	Role
1	Phoenix Underwriting Ltd.	Distributor
2	I.B.I. Underwriting & Offerings Ltd.	Distributor
3	Barak Leumi Underwriters Ltd.	Distributor
4	Unicorn Capital Ltd.	Distributor
5	Compass Rose Capital Ltd.	Distributor
6	Alpha Beta Offerings Ltd.	Distributor

Details of authorized signatories on behalf of the corporation:

#	Name	Role
1	Daniel Zalkind	Co-CEO and director
2	Eliezer Vassely	CFO

Explanation: According to Regulation 5 of the 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 position can be found on the Authority's website: Click here

Regarding Section 2(a) above: It should be noted that within the shelf offering report mechanism was determined to limit the quantity of BONDS (Series 14) to be issued to the public, in that at any case it will not exceed NIS 225 million par value of BONDS (Series 14). For details see Section 1.1 of the shelf offering report.

It should also be noted that the price per 1 security is 1.0535, but due to the form limitations, 1.0534 was written in Section 2(a).

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

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

Last form structure update: 06/08/2024

Short name: ELCO

Address: Yigal Alon 98, Tel Aviv 6789141 Tel: 03-6939696 Fax: 03-6939689

E-mail: corpsecretary@elco.co.il Company website: http://www.elco.co.il/

Previous names of reporting entity: Elco Holdings Ltd.

Electronic reporter name: Vassely Eliezer | Position: CFO | Employer company name:

Address: Yigal Alon 98, Tel Aviv 6789141 Tel: 03-6939678 Fax: 03-6939656 Email: eliv@elco.co.il