GAV-YAM Lands Corp. Ltd. — Share Issue/Capital Change 2026

May 14, 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.

T087 (Public)

Filed via MAGNA: 14/05/2026

www.isa.gov.il

www.tase.co.il

Reference: 2026-01-044564

Supplementary report to the report filed on 14/05/2026 whose reference number is: 2026-01-044461

Main details that were added / completed: The consideration was received in full.

Capital status, granting rights to purchase shares and the corporation's securities registers and changes therein

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

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

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

Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the change: Issuance of commercial securities (Series 4)

Explanation: A brief description of the nature of the change must be provided

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

1. The corporation's securities status after the change:

Name and type of security	Security No. on TASE	Quantity in registered capital	Issued and paid-up capital		Quantity registered in the name of the Registration Company
			Quantity in last report	Current quantity
Ordinary share NIS 0.01 par value.	759019	285,000,000	220,564,016	220,564,016	220,520,516
BONDS Series H	7590151	0	3,435,025,910	3,435,025,910	3,435,025,910
BONDS Series I	7590219	0	1,336,120,224	1,336,120,224	1,336,120,224
BONDS Series J	7590284	0	1,400,521,000	1,400,521,000	1,400,521,000
Gav-Yam 03/23 options	1194331	0	985,742	985,742	0
Gav-Yam unit 23 RSU	1194349	0	71,125	71,125	0
BONDS Series K	1208339	0	1,076,003,000	1,076,003,000	1,076,003,000
Gav-Yam Commercial 3	1222090	0	700,000,000	700,000,000	700,000,000
BONDS Series L	1222587	0	405,658,000	405,658,000	405,658,000
Gav-Yam Commercial 4	1241132	0	0	850,000,000	850,000,000

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

1. The corporation announces that:

☐ On the date 14/05/2026

☐ From date _ to date _

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

Description of the nature of the change Issuance of commercial securities (Series 4)

Explanation: All the details of the transaction or action due to which a change occurred in the corporation's securities must be described.

1 Name of registered holder for whom the change occurred: The Tel-Aviv Stock Exchange Ltd. Registration Company

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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.

Type of identification number: Number at the Israeli Registrar of Companies Identification number: 515736817

Nature of the change: Public offering

Date of change: 14/05/2026 Executed via TASE Clearing House: Yes

Type and name of securities in which a change occurred: Gav-Yam Commercial 4

Security No. on TASE: 1241132

Holder's balance in the security in the last report: 0

Holder's balance in this security after the change: 850,000,000

Total quantity of securities in which a decrease/increase occurred: 850,000,000

Is this a grant of rights to purchase shares No

Total consideration for securities allotted: ____

TASE number of the share that will result from exercise of the security: ____

Number of shares that will result from full exercise/conversion of the security: ____

Total exercise premium that will be received from full exercise/conversion of the security into shares:

The period during which the security may be exercised: ____

From _ until _

The securities allotted will be listed for trading: ____

The allocation of said securities is further to _ published on _ and its reference number is __

☐ The security was fully repaid and the consideration was received in full.
☐ The security was fully repaid, but the consideration was not received in full.
☐ Issued for an ATM program
☐ Other.

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Explanations:

1. If the change affects more than one security, the effect of the change must be detailed in a separate line for each security.
2. Date of change – all changes of the same type, in the same security, carried out on one day, shall be summarized in one line. For this purpose, changes carried out via the TASE Clearing House must be separated from changes carried out directly in the company's records.
3. The change – for a decrease the sign “-” must be added.
4. In all quantity fields the quantity of securities must be filled in and not NIS par value.

A change occurred only in the register of holders of the corporation's securities (with no change in the quantity of the corporation's securities) as a result of:

Description of the nature of the change ____

Explanation: All the details of the transaction or action due to which a change occurred in the register must be described

1 Name of registered holder for whom the change occurred: ____

Type of identification number: _ Identification number: _

Date of change: _ Executed via TASE Clearing House: _

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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.

Type and name of securities in which a change occurred:

Security No. on TASE:

Quantity of change:

Holder's balance in this security after the change:

1. Main items of the share register as of the reporting date are as follows:

No.	Name of registered shareholder	Type of identification number	Identification number	TASE security number	Type of shares and their par value	Number of shares	Whether holds the shares as trustee
1	_____	_____	_____	_____	_____	_____	_____

1. Attached is a file of the share register in accordance with the provisions of Section 130 of the Companies Law, 1999 Shares_140526_isa.pdf
2. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of bond holders Securities_140526_isa.pdf

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

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

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report filed under 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 ISA website: Click here.

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

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

Date of form structure update: 06/08/2024

Short name: Gav-Yam

Address: P.O. Box 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.

Name of electronic filer: Weitzman ShiriPosition: Company SecretaryName of employing company:

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