GAV-YAM Lands Corp. Ltd. — Capital/Financing Update 2026

May 19, 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.

Gav-Yam Land Corporation Ltd.

GAV-YAM LANDS CORP. LTD

Registration number: 520001736

To: Israel Securities Authority

To: Tel Aviv Stock Exchange Ltd.

T020 (Public)

Filed via MAGNA: 19/05/2026

www.isa.gov.il

www.tase.co.il

Reference: 2026-01-046446

Offeror's notice regarding the results of the offer in the prospectus

Pursuant to section 30 of the Securities Law, 5728 - 1968 and the Securities Regulations (Notices Regarding the Results of the Offer in the Prospectus), 5730 - 1969

☐ Results of an early commitments tender made in the prospectus (without offering the securities in the prospectus).
☐ Results of an offer in a prospectus.
Cancellation of the public offer.

Note: A report on the results of an offer in a prospectus must also include the early commitments given prior to the publication of the prospectus.

The prospectus is a shelf prospectus of a reporting corporation

1. Set forth below are the results of the offer in the prospectus, the reference number for the publication of which is (T012) 2025-01-032469

Authorization for its publication was granted on 08/05/2025 and the period for submitting orders thereunder ended on (in the case of an ATM program, the date on which the program ended) 19/05/2026.

Was the offer made by means of a shelf offering report or a supplemental notice? No

Reference number of the shelf offering report (T022) / supplemental notice (T024)

Attached are the results of the offer in the prospectus: results_public_accessible_isa.pdf

Prospectus number: 50065 Note: to be entered for the internal use of the Authority.

2.a. Total securities offered in the prospectus:

Type of security	TASE security number	Name of security	Total quantity of securities	Price*	Interest rate	Discount rate	Weighted discount rate
Debentures	7590151	Gav Yam BONDS 8	479,027,000	0.938New Shekel	2.55	7.1641	5.3911
Debentures	1222587	Gav Yam BONDS 12	916,668,000	1.059New Shekel	3.28	0	0

*Price per 1 security

b. Completion of details for exchange-traded notes offered in the prospectus:

Canceled*	TASE security number	Series serial number	Name	Type of TASE security	Name of trustee	Date of listing for trading
☐	——	——	Name of security:
			Full TASE name:
			Short TASE name:

Note: The maximum number of records that can be filled in the table is 35. If it is necessary to report on a larger number of records, the report must be split.

Explanation: If the series was canceled, the "Canceled" field must be checked.

Explanation: In the "Series serial number" field, up to 3 letters or digits describing the serial number of the series must be entered, without additional marks such as quotation marks.

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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.

1. Total securities by type, and by types of subscribers whose orders were accepted:

Securities for which consideration is received in cash:

Type of offering	Type, number and name of TASE security	Tender number	Type of subscriber	Total quantity of securities issued	Price*	Future exercise price*	Total amount of aggregate calculated consideration	Par value of total securities
Public offer (cash consideration)	Debentures	1236165	Institutional investors	479,027,000	0.938 New Shekel	——	449,327,326 New Shekel	479,027,000 New Shekel
	7590151
	Gav Yam BONDS #
Public offer (cash consideration)	Debentures	1241124	Institutional investors	916,668,000	1.059 New Shekel	——	970,751,412 New Shekel	916,668,000 New Shekel
	1222587
	Gav Yam BONDS 12

*Price per 1 security

In the case of listing for trading (including listing for trading in the context of an IPO) / release from lock-up / exchange tender offer / merger / dividend in kind distribution:

Type of offering	Type, number and name of TASE security	Total quantity of securities	Average closing price* / value of the security on the trading day preceding the exchange date	Future exercise price	Total amount of aggregate calculated consideration	Par value of total securities	Date of execution of the action**	Securities offered:
			Not yet determined				Not yet determined

Notes:

*Average closing price of the security of the same type, on the first three trading days after listing for trading.

**In the case of listing for trading / release from lock-up / dividend in kind distribution, the date is the date of listing the securities for trading on the stock exchange; in the case of an exchange tender offer, the date is the actual exchange date.

***In an exchange tender offer, the securities exchanged (received) must be reported. If the exchanged securities are not traded, the securities that were offered must be reported.

Please note: the total amount of aggregate calculated consideration will be in accordance with the Securities Regulations (Application Fee for Authorization to Publish a Prospectus), 5755-1995. For your convenience, a link to the calculation table: Click here

If this is an exchange tender offer:

Consideration received in cash* in _ : _

Consideration paid in cash** in _ : _

*The cash consideration that the offeror received for the securities offered

**The cash consideration paid by the offeror in the context of the tender offer

1. Details regarding underwriters and distributors in the offering:

The following participated in the offering: ☐ Underwriters ☐ Distributors ☐ None of these

	Name	Role
1	Other	Lead underwriter
	Name	Underwriter
	Haphoenix Underwriting Ltd.	Distributor

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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 Company No. 516655271	Role
1	Other
	Name I.B.I. - Underwriting & Issuing Ltd. Company No. 511819617	Lead underwriter Underwriter Distributor
2	Other
	Name Leader Issuances (1993) Ltd. Company No. 511825358	Lead underwriter Underwriter Distributor
3	Other
	Name Orion Underwriting & Issuing Ltd. Company No. 515715225	Lead underwriter Underwriter Distributor
4	Other
	Name Value Base Underwriting and Offering Management Ltd. Company No. 514952415	Lead underwriter Underwriter Distributor
5	Other
	Name Unicorn Capital Ltd. Company No. 516221462	Lead underwriter Underwriter Distributor
6	Other
	Name Alpha Beta Issuances Ltd. Company No. 515411700	Lead underwriter Underwriter Distributor

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

	Name of signatory	Position
1	Natali Misha'an-Zakai	Chief Executive Officer
2	Mark Zak	Chief Financial Officer

Explanation: According to regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (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 this matter can be found on the Authority's website: Click here.

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

The corporation's securities are listed for trading on the Tel Aviv Stock Exchange

Form structure update date: 09/12/2025

Short name: Gav Yam

Address: P.O.B. 15041, Haifa31905 Telephone: 04-6644200, 04-6644222Fax: 04-8533567

Email: info@gav-yam.co.il Company website:www.gav-yam.co.il

Previous names of reporting entity: Gav-Yam Land Corporation Ltd.

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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.

Electronic reporter's name: Weizman ShiriPosition: Corporate SecretaryEmployer company name:

Address: Andre Sakharov9, Haifa31905Telephone: 052-6898200Fax: 04-8522859Email: shiri@gav-yam.co.il