Electra Real Estate Ltd. — Regulatory Filings 2026

May 4, 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.

Electra Real Estate Ltd
ELECTRA REAL ESTATE LTD
Registration number: 510607328

To: Israel Securities Authority	To: Tel Aviv Stock Exchange Ltd	T136 (Public)	Filed via MAGNA: 04/05/2026
www.isa.gov.il	www.tase.co.il	Reference:	2026-01-041047

Immediate report on a transaction with a controlling shareholder or with a director that does not require approval of the general meeting

Regulation 37A(5) of the Securities Regulations (Periodic and Immediate Reports), 2006

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

1. Hereby submitted is a report on approval of a transaction pursuant to Regulation 1 of the Companies Regulations (Reliefs in Transactions with Interested Parties), 2000.

2. Date of approval of the transaction by the board of directors 04/05/2026.

3. Summary of the main terms of the transaction and summary of the reasons of the board of directors and of the audit committee for approval of the transaction.

On May 3, 2026, the company's compensation committee approved the purchase of a policy for insurance of the liability of directors and officers of Elco Ltd and its subsidiaries (including the company and its subsidiaries), under which the liability of all officers of the company will be insured, including the company's CEO and directors and officers who are the controlling shareholders of the company, as they may be from time to time, in accordance with Regulation 1B1 of the Companies Regulations (Reliefs in Transactions with Interested Parties), 2000 ("the Relief Regulations"). The said policy was purchased from a third party for a period of 12 months, from May 1, 2026, upon expiry of the existing insurance policy period, until April 30, 2027, at a total cost for the group of approximately USD 365.7 thousand and with total insurance coverage, per event and in the aggregate, of USD 120 million. All of the officers of the company are insured under the policy on identical terms. The compensation committee determined that the engagement is for the benefit of the company and that it meets the conditions of Regulation 1B1 of the Relief Regulations, since its terms were set in Section Z of the company's compensation policy which was approved by the company's general meeting in accordance with Section 267A(b) of the Companies Law, 1999, the engagement is on market terms and is not likely to materially affect the company's profitability, assets or liabilities. The compensation committee and the company's board of directors approved, on May 3 and 4, 2026, respectively, the allocation of the premium payments for the said directors' and officers' liability insurance policy among the companies in the Elco group, according to an allocation key proposed by an external advisor, such that the company's share will amount to $22.4\%$ – a total of approximately USD 82 thousand for a period of 12 months. The board of directors also determined that the terms of the company's engagement in respect of the said allocation of the premium payments do not materially differ from the terms of the engagement of the other group companies, taking into account their relative share, and therefore the engagement complies with Regulation 1(4) of the Relief Regulations. In addition, for the sake of good order, it was approved that the terms of the policy will also apply to directors who are the controlling shareholders of the company and to the company's CEO, in accordance with Regulations 1B(a)(5) and 1A1 of the Relief Regulations, respectively, in light of the fact that their policy terms are identical to those of the other directors and officers, are on market terms, and cannot materially affect the company's profitability, assets or liabilities. Following are their reasons for approval of the engagement: A. The amount of the premium attributed to the company for the period submitted for approval is lower than the amount of the premium that the company would have had to pay had it obtained the insurance on its own, for a lower limit of liability. B. Management of an insurance policy on a group basis is an efficient step, both from the economic aspect and from the aspect of insurance coverage. Through such centralized engagement, the group companies improve their position vis-à-vis various insurers in the market, reduce insurance costs, and purchase appropriate insurance coverage in view of the scope of their activities. C. The criteria according to which the premiums are allocated reflect a reasonable and fair characterization of cost allocation among the group companies, and this allocation is carried out by an external independent objective party, an expert in its field..

1. Main points of the Government Companies Authority's opinion and main points of the decision of the Ministerial Committee for Privatization, or details of the alternative under which the exemption was granted

Explanation: To be completed if this is an extraordinary transaction of a public company controlled by the government.

1. Attached file

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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.

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

	Name of signatory	Position
1	Eliezer Wesly	Chief Financial Officer
2	Ohad Levy	Other VP Accounting and Control

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report filed 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 reference does not constitute inclusion by way of reference):

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange. Form structure update date: 06/08/2024

Short name: Electra Real Estate

Address: Yigal Alon98, Tel Aviv6789141 Telephone: 03-7101700, Fax: 03-7101720

Email: corpsecretary@ere.co.il Company website:https://electra-re.com/

Previous names of reporting entity:

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

Address: Yigal Alon98, Tel Aviv6789141 Telephone: 03-6939678 Fax: 03-6939656 Email: eliv@elco.co.il