GAV-YAM LANDS CORP. LTD

Company Registration Number: 520001736

To:

Israel Securities Authority
TEL AVIV STOCK EXCHANGE LTD

Form Number: 087ת) Public) Filed in MAGNA: 01/01/2026 Reference: 2026-01-000280

Share Capital Structure, Grant of Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

Regulation 31E of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 31(a) of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 31(b1) of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

		Nature of Change
--	--	------------------

Issuance of shares as a result of employee warrant exercises

Numbers of references to previous reports on the subject: _________, _________, _________.

The Corporation's Securities Status after the Change

Name and Type of Security	Security Number	Quantity in Registered Capital	Issued and Paid-Up Capital (Last Reported / Current)	Quantity Registered Under Nominee Company
Ordinary share, NIS 0.01 par value	759019	285,000,000	220,435,684 / 220,444,856	220,401,356
BONDS Series 6	7590128	0	477,783,643 / 477,783,643	477,783,643
BONDS Series 8	7590151	0	2,789,181,910 / 2,789,181,910	2,789,181,910
BONDS Series 9	7590219	0	1,336,120,224 / 1,336,120,224	1,336,120,224
BONDS Series 10	7590284	0	1,400,521,000 / 1,400,521,000	1,400,521,000
GAV YAM Warrant 03/23	1194331	0	1,191,736 / 1,151,234	0
GAV YAM RSU 23	1194349	0	133,799 / 133,799	0
BONDS Series 10A	1208339	0	1,076,003,000 / 1,076,003,000	1,076,003,000
GAV YAM Commercial 2	1208644	0	300,000,000 / 300,000,000	300,000,000
GAV YAM Commercial 3	1222090	0	700,000,000 / 700,000,000	700,000,000
BONDS Series 10B	1222587	0	150,000,000 / 150,000,000	150,000,000

Explanation: All the company's securities are to be detailed, including securities not listed for trading.

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.

2. The Corporation notifies that:

On the date: 01/01/2026

A change occurred in the quantity and in the register of security holders (including rights to purchase shares) of the corporation as a result of:

Description of the Change: Issuance of shares as a result of employee warrant exercises.

Explanation: Details of the transaction or action which caused the change in the corporation's securities should be described.

Details of Change for Registered Holders

1. Holder Name Affected: Altshuler Shaham Trustees Ltd.
Type of ID: Company Registration Number in Israel
ID Number: 513901330
Nature of Change: Warrant exercise
Date of Change: 01/01/2026
Executed via TASE Clearing House: Yes
Type and Name of Affected Security: GAV YAM Warrant 03/23
Security Number: 1194331
Holder balance in last report: 1,191,736
Holder balance after change: 1,151,234
Total change in quantity of this security: 40,502 decrease
Was it a grant of rights to purchase shares: No
Total consideration for allocated securities:
TASE security number for share arising from exercise:
Number of shares from full exercise/conversion:
Total additional proceeds from full exercise/conversion:
Period in which the securities can be exercised:
From Date: To Date:
Will allotted securities be listed for trading:
Allocation is further to: Published on: Reference number:
The security was fully paid and consideration was fully received.
2. Holder Name Affected: TASE Nominee Company
Type of ID: Company Registration Number in Israel
ID Number: 515736817
Nature of Change: Other (Issuance of shares as a result of employee warrant exercises)
Date of Change: 01/01/2026
Executed via TASE Clearing House: Yes
Type and Name of Affected Security: GAV YAM Ordinary Share NIS 0.01 par value
Security Number: 759019
Holder balance in last report: 220,392,184
Holder balance after change: 220,401,356
Total change in quantity: 9,172 increase
Was it a grant of rights to purchase shares: No
Total consideration for allocated securities:
etc (similarly blank fields as above)

Explanations:

1. If the change affects more than one security, details for each affected security should be listed separately.
1. Change date all changes of the same type in the same security executed on one day shall be combined in a row. For this matter – distinguish between changes through TASE Clearing versus those directly in corporate records.
1. For reduction, add a "-" sign.
1. All quantity fields should specify number of securities, not nominal value.

3. Main Shareholder Register at the Time of Reporting

#	Registered shareholder's name	ID type	ID number	Security number on TASE	Type and nominal value of shares	Quantity of shares	Holding as trustee
1

4. Attached: Shareholder Register as Required by Section 130 of the Companies Law, 1999

010126_מניות_isa.pdf Alt: Shareholder register file as required by law

5. Attached: Updated register of the corporation's securities, including the register of warrant holders and bond holders

010126_נייע_isa.pdf Alt: Securities register, including warrants and bond holders

Authorized Signatories on Behalf of the Corporation

#	Name	Position
1	Mark Zak	Chief Financial Officer
2	Shiri Weitzman	Company Secretary

Explanation: According to Regulation 5 of the Securities 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. A staff position paper on this can be found on the ISA website: Click here.

Securities of the corporation are listed for trade on the Tel Aviv Stock Exchange.

גב ים :name Short

Address: P.O.B. 15041, Haifa, 31905; Phone: 04-6644200, 04-6644222; Fax: 04-8533567

Email: [email protected] | Website: www.gav-yam.co.il

חברת גב-ים לקרקעות בע"מ :entity reporting of names Previous

Electronic Signatory: Mark Zak (Chief Financial Officer)

Address: Andrei Sakharov 9, Haifa, 31905; Phone: 04-6644200; Fax: 04-8522859; Email: [email protected]

Update date for form structure: 06/08/2024

AI Terminal

GAV-YAM Lands Corp. Ltd.

6805_rns_2026-01-01_f997867d-d3fe-4805-b45f-e6eb11a4e7cc.pdf