Electreon Wireless Ltd. — M&A Activity 2020

Oct 1, 2020

This is an English translation of a Hebrew immediate report that was published on October 1, 2020 (reference no.: 2020-01-106794) (hereafter: the "Hebrew Version"). This English version is only for convenience purposes. This is not an official translation and has no binding force. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

Electreon Wireless Ltd. )the "Company"(

October 1, 2020

To To Israel Securities Authority Tel Aviv Stock Exchange Reported Via Magna Reported Via Magna

Dear Sir and Madam,

Re: EnBW's Decides to Implement the Second Stage under its Agreement with the Company

Following the Company's immediate reports dated August 8, 2019 and August 23, 2020 (reference number: 2019-01-107025 and 2020-01-092118, accordingly) regarding the Company's agreement with EnBW - Energie Baden-Wurttemberg AG ("EnBW") to build two projects of wireless electric road in several stages, the Company is hereby honored to announce that on September 30, 2020 EnBW decided to order, from the Company, the performance of the second stage in the said projects. In this frame, the Company will provide EnBW a dynamic wireless electric road developed by the Company, of approximately 100 meters length, which will be built at the EnBW site, for charging an electric bus equipped with receivers that will be delivered by the Company to EnBW; in addition, the Company will provide installation, operation and maintenance services.

Sincerely,

Electreon Wireless Ltd.

Signed the date hereof by:

Oren Ezer, Chairman and CEO

Barak Duani, CFO