G City — Major Shareholding Notification 2026

Mar 12, 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.

G City Ltd
G CITY LTD
Number in the register: 520033234
To: Israel Securities Authority www.isa.gov.il	To: Tel-Aviv Stock Exchange Ltd. www.tase.co.il	T079 ( Public )	Transferred by MAGNA: 12/03/2026 Reference: 2026-01-021981

Immediate report on a person who has ceased to be an interested party in the corporation

Pursuant to Regulation 33(h) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Note: Where reference is made to an interested party, this also refers to a holder of a material means of control in a banking corporation without a controlling core

1. Details of the holder:

First name: ____

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

Last name/Name of corporation: Hachsharat Hayishuv Finance Ltd

Last name/Name of corporation in English: Phoenix Financial Ltd

Type of identification number: Number in the Israeli Registrar of Companies

Identification number: 520017450

Citizenship/Country of incorporation or registration: Incorporated in Israel

Country of citizenship/incorporation or registration: ____

Address: 53 Derech HaShalom, Givatayim

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

2. Details of the transaction as a result of which the holder has ceased to be an interested party in the corporation:

a. Nature of the transaction Decrease as a result of sale on the stock exchange

b. Name and type of the security that is the subject of the transaction: G City ordinary share

c. Security number on the stock exchange: 126011

d. Date of execution of the transaction 10/03/2026

e. Quantity of securities that are the subject of the transaction: 1,672,164

f. Price at which the transaction was executed: 1,063Agorot

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

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

If the entire consideration was not paid at the date of the change, please specify the date of completion of the payment

3. a. His holdings after the transaction:

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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 330' of the security	Security number on the stock exchange	Quantity of securities	Dormant*	Holding percentage		Holding percentage (full dilution)
				% Capital	% Voting	% Capital	% Voting
G City ordinary share	126011	4,238,804	No	2.36	2.36	1.94	1.94
G City BONDS 12	1260603	32,510,319.82	No	d d		d d
G City BONDS 13	1260652	83,315,951.58	No	d d		d d
G City BONDS 14	1260736	98,647,032.1	No	d d		d d
G City BONDS 15	1260769	30,718,621.21	No	d d		d d
G City BONDS 16	1260785	91,637,952.99	No	d d		d d
G City BONDS 17	1198142	100,000	No	d d		d d
G City BONDS 18	1203850	4,160,108	No	d d		d d
G City BONDS 19	1205715	66,405,213.68	No	d d		d d
G City BONDS 20	1208867	3,816,626	No	d d		d d
G City BONDS 21	1212752	58,512,230.5	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/has served as an officer in the company who is not a CEO or director and was not an interested party by virtue of his holdings.
The holder is a hedge fund as defined in the Joint Investments in Trust Regulations (Assets that may be purchased and held in a fund and their maximum proportions), 5755 - 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. The following are details of its holdings:

The holder	Name type and series 330' of the security	Security number on the stock exchange	Quantity of securities	Dormant
Participating profit-sharing life insurance accounts	G City ordinary share	126011	296,808	No
Participating profit-sharing life insurance accounts	G City BONDS 12	1260603	10,790,477.60	No
Provident funds and companies for the management of provident funds	G City ordinary share	126011	3,941,996	No
Provident funds and companies for the management of provident funds	G City BONDS 12	1260603	18,624,779.08	No
Provident funds and companies for the management of provident funds	G City BONDS 13	1260652	71,065,951.58	No
Provident funds and companies for the management of provident funds	G City BONDS 14	1260736	71,731,586.1	No
Provident funds and companies for the management of provident funds	G City BONDS 15	1260769	27,664,848.11	No
Provident funds and companies for the management of provident funds	G City BONDS 16	1260785	86,337,952.99	No
Provident funds and companies for the management of provident funds	G City BONDS 18	1203850	4,160,108	No
Provident funds and companies for the management of provident funds	G City BONDS 19	1205715	63,389,315.34	No
Provident funds and companies for the management of provident funds	G City BONDS 20	1208867	2,660,144	No
Provident funds and companies for the management of provident funds	G City BONDS 21	1212752	37,512,091.5	No
Nostro account	G City BONDS 12	1260603	3,095,063.14	No
Nostro account	G City BONDS 13	1260652	12,250,000	No
Nostro account	G City BONDS 14	1260736	26,915,446	No
Nostro account	G City BONDS 15	1260769	3,053,773.10	No
Nostro account	G City BONDS 16	1260785	5,300,000	No
Nostro account	G City BONDS 17	1198142	100,000	No

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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.

The holder	Name type and series 330' of the security	Security number on the stock exchange	Quantity of securities	Dormant
Nostro account	G City BONDS 19	1205715	3,015,898.34	No
Nostro account	G City BONDS 20	1208867	1,156,482	No
Nostro account	G City BONDS 21	1212752	21,000,139	No

Explanations:

1. If the interested party holds more than one type of security, the holding percentages must be specified taking into account all the securities held by him, in only one of the rows.
2. It is also necessary to report the holding of other securities, including other securities that are not listed for trading.
3. In a case where the interested party is a subsidiary, the holdings must be split between shares purchased prior to the entry into force of the Companies Law, 5759 - 1999, and shares purchased after its entry into force.
4. When the holder is not a member of an institutional reporting group, only section 3a must be filled in. When the holder is a member of an institutional reporting group, sections 3a and 3b must be filled in.
5. It must be stated whether these are dormant shares or securities convertible into dormant shares

4. Additional details:

As reported to the company, Hachsharat Hayishuv Finance Ltd (in English: Phoenix Financial Ltd.) reg. no. 520017450 is a company without a controlling core. Hachsharat Hayishuv Finance Ltd. was considered an "interested party" in the company, by virtue of the aggregate holdings of a nostro account and/or participating profit-sharing life insurance accounts and/or accounts for the management of provident funds or companies for the management of provident funds and/or through dedicated partnerships that hold securities for the company's members. The holder has ceased to be an interested party in the company due to aggregate holdings with Phoenix Investments House Ltd. (reg. no. 520041989). In this regard, see also the immediate report published concurrently with the publication of this immediate report, regarding the holdings of Phoenix Investments House Ltd. The holdings appearing under the provident funds include holdings in security 126011 of an equities indices partnership ("Partnership 1) and Israel equities partnership (Partnership 2) as well as holdings of Phoenix Pension and Provident Ltd. The holding percentages of the rights owners in Partnership 1 are as follows: Phoenix Pension and Provident $44.46\%$ , Mivtach-Mashatef $55.54\%$ ; the holdings of the rights owners in Partnership 2 are as follows: Phoenix Pension and Provident $71.90\%$ , Mivtach-Mashatef $28.10\%$ . Each of the aforesaid partnerships is a general partnership registered with the Registrar of Partnerships, and all the rights owners therein are companies in the institutional reporting group in the group. The partnership itself is not a company managing provident funds. In accordance with the partnership agreement between the rights owners in the partnership, the holding percentage of the rights owners in the partnership changes frequently, in accordance with the mechanism set out in the partnership agreement.

1. The date and time on which the corporation first became aware of the event or matter 11/03/2026at 19:26

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

Name of signatory	Position
Revital Kahlon	Other
VP, General Counsel and Corporate Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (5730 - 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 (this reference does not constitute inclusion by way of reference):

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

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

Short name: G City

Address: Aharon Becker8, Tel Aviv6964316 Telephone: 03-6948000, Fax: 03-6961910

E-mail: IRGG@gazitgroup.com Company website:www.gazitglobe.com

Previous names of the reporting entity: Gazit-Globe Ltd, Gazit-Globe (1982) Ltd, Glob-REIT Investments Ltd

Name of electronic reporter: Klein Ben David TalPosition: Attorney/Legal CounselName of employing company:

Address: Aharon Becker8, Tel Aviv6964316Telephone: 03-6948000Fax: 03-6961910E-mail: tklein@G-City.com