Generation Capital Ltd. — Capital/Financing Update 2026

Jun 4, 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. .

Generation Capital Ltd

("The Fund")

June 4, 2026

To

Israel Securities Authority

To

The Tel Aviv Stock Exchange Ltd.

Subject: Non-uniform offer to institutional investors ("Book-Building") - Update

Further to the Fund's immediate report dated June 4, $2026^{1}$ , included in this report by way of reference, regarding the examination of a move of a public offering and listing for trading on the Tel Aviv Stock Exchange Ltd. ("the TASE") of ordinary shares of the Fund and warrants exercisable for said ordinary shares ("the Offering"), by way of a non-uniform offer to institutional investors $^{2}$ , the Fund is pleased to update that the process of receiving preliminary commitments from institutional investors ("Book-Building") has been completed, within which demands for units were received by the Fund (the composition of which is detailed below) out of which the Fund intends to accept orders in the amount of NIS 1 billion.

Within the framework of the Offering, the Fund intends to offer institutional investors units in the following composition:

Unit Composition	Price
300 ordinary shares at a price of 240 agorot per share	NIS 720
100 warrants (Series 2) ("Warrant (Series 2)")	Without consideration
100 warrants (Series 3) ("Warrant (Series 3)")	Without consideration
Total Price per Unit:	NIS 720

The terms of the said warrants are expected to be as follows: (a) Warrant (Series 2) - each Warrant (Series 2) will be exercisable for one ordinary share of the Fund on any trading day, from its listing for trading and for a period of half a year from the date of the offering, against cash payment upon exercise in the amount of 240 agorot (not linked to any indexation basis); (b) Warrant (Series 3) - each Warrant (Series 3) will be exercisable for one ordinary share of the Fund on any trading day, from its listing for trading and for a period of one and a half years from the date of the offering, against cash payment upon exercise in the amount of 288 agorot (not linked to any indexation basis).

Below are details regarding the demands for units as received by the Fund (assuming acceptance of orders in the amount of NIS 1 billion):

Type of Institutional Investor	Number of investors who submitted orders	Quantity of securities ordered	Percentage of total offered securities	Percentage of total orders	Investors of the same type for whose nostro account the order was placed	Investors who submitted orders for a quantity exceeding 10% of the offered securities
Insurance (*)	9	887,997	63.9%	53.4%	3	3
Mutual Funds	2	79,923	5.8%	4.8%	-	-
Corporation with equity of NIS 50 million	20	550,202	39.6%	33.1%	-	1
Provident Fund	2	83,333	6.0%	5.0%	-	-
Portfolio management for institutional entities	2	61,720	4.4%	3.7%	-	-
Total	35	1,663,175	120%	100%	3	4

(*) From 6 different insurance entities.

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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. Reference No: 2026-01-053241.
2. As defined in the Securities Regulations (Manner of Offering Securities to the Public), 5767-2007.

It is clarified that the Fund has not yet accepted said orders. The Offering will be carried out according to a Shelf Offering Report to be published by virtue of the Fund's Shelf Prospectus bearing the date August 28, 2025³ ("Shelf Offering Report"). The publication of the Shelf Offering Report and the performance of the Offering are subject, inter alia, to receiving the TASE's approval for the listing for trading of the ordinary shares, of the warrants, and of the ordinary shares resulting from the exercise of said warrants, insofar as they are exercised. Nothing in the foregoing creates a commitment on the part of the Fund to carry out the Offering, the scope and other terms of which are subject to the Fund's discretion and all that is stated in this report above.

It is clarified that this immediate report does not constitute a public offer or an invitation to purchase securities of the Fund and no securities of the Fund should be purchased or committed to be purchased based on this report.

Respectfully,

Generation Capital Ltd

By: Itay Peled, CFO

And Baruch Saouta, Legal Counsel and Fund Secretary

3 Reference No: 2025-01-064389.

6/4/2026 | 8:56:33 PM | v1.2.5