Generation Capital Ltd. — Major Shareholding Notification 2026

May 27, 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

GENERATION CAPITAL LTD

Registration number: 515846558

To: Israel Securities Authority

www.isa.gov.il

To: Tel-Aviv Stock Exchange Ltd

T079 (Public)

www.tase.co.il

Filed via MAGNA: 28/05/2026

Reference: 2026-01-049677

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: In any place that refers to an interested party, the intention is also to a holder of a material means of control in a banking corporation without a control core

1. Details of the holder:

First name: ____

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

Surname/Name of corporation: Menora Mivtachim Holdings Ltd

Surname/Name of corporation in English: Menora Mivtachim Holdings Ltd

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

Identification number: 520007469

Citizenship/Country of incorporation or registration: Incorporated in Israel

Country of citizenship/incorporation or registration: ____

Address: 23 Jabotinsky St., Ramat Gan, 5251102

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

2. Details of the action following which the holder ceased to be an interested party in the corporation:

a. Nature of the action: Decreasedue to sale on the stock exchange

b. Name and type of the security which is the subject of the action: Generation Capital, ordinary share

c. Security number on the stock exchange: 1156926

d. Date of execution of the action: 26/05/2026

e. Quantity of securities which are the subject of the action: 4,000,000

f. Price at which the action was carried out: 287.46Agorot

g. Whether they are dormant shares or securities convertible into dormant shares: No

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

If the full consideration was not paid at the date of the change, please specify the date of completion of payment: ____

3. a. His holdings after the action:

Name, type and series of the security	Security number on the stock exchange	Quantity of securities	Dormant*	Holding rate (% Capital) % Voting	Holding rate (full dilution) (% Capital) % Voting
Generation Capital, ordinary share	1156926	85,739,118	No	4.99 4.99	5.19 5.19

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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 of the security	Security number on the stock exchange	Quantity of securities	Dormant*	Holding rate		Holding rate (full dilution)
				% Capital	% Voting	% Capital	% Voting
BONDS (Series 2')	1177526	29,131,451	No
BONDS (Series 3')	1184555	26,403,314	No
Non-tradable warrants for shares - investors	1230531	21,164,021	No

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/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 Investment Trust Regulations (Assets that may be purchased and held by a fund and their maximum rates), 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. Below is a breakdown of his holdings:

The holder	Name, type and series of the security	Security number on the stock exchange	Quantity of securities	Dormant
Provident funds and companies for the management of provident funds	Generation Capital, ordinary share	1156926	78,504,574	No
Provident funds and companies for the management of provident funds	Non-tradable warrants for shares - investors	1230531	19,493,177	No
Nostro account	Generation Capital, ordinary share	1156926	7,234,544	No
Nostro account	Non-tradable warrants for shares - investors	1230531	1,670,844	No
Provident funds and companies for the management of provident funds	BONDS (Series 2')	1177526	29,131,451	No
Provident funds and companies for the management of provident funds	BONDS (Series 3')	1184555	26,403,314	No

Explanations:

1. If the interested party holds more than one type of security, the holding rates should be indicated taking into account all the securities held by him in only one of the rows.
2. Securities other than securities listed for trading should also be reported.
3. In a case where the interested party is a subsidiary, the holdings should be split between shares acquired prior to the entry into force of the Companies Law, 5759 - 1999, and shares acquired after its entry into force.

4. When the holder is not a member of an institutional reporting group, only section 3a should be completed. When the holder is a member of an institutional reporting group, sections 3a and 3b should be completed.

5. It should be stated whether these are dormant shares or securities convertible into dormant shares

4. Additional details:

In accordance with what is stated in the notice delivered to the fund by Menora Mivtachim Holdings Ltd, it is expected to become an interested party in the fund again in the coming days.

1. The date and time on which the corporation first became aware of the event or matter 27/05/2026 at 10:00

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

	Name of signatory	Position
1	Baruch Saouta	Other Legal Advisor and Secretary of the Fund

Explanation: Pursuant to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 - 1970), a report submitted under 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 (such reference does not constitute incorporation by reference):

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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 corporation's securities are listed for trading on the Tel-Aviv Stock Exchange	Form structure update date: 04/02/2025
Short name: Generation Capital
Address: Nissim Aloni10, Tel Aviv6291924 Telephone: 072-2758900, Fax: 072-2758900
E-mail: GenerationIR@generation.co.il Company website:generationcapital.co.il
Previous names of the reporting entity:
Name of electronic reporter: Saouta BaruchHis position: Legal Advisor and Corporate SecretaryName of employing company:
Address: Nissim Aloni10, Tel Aviv6291924Telephone: 072-2758900Fax: 072-2758900E-mail: BaruchS@generation.co.il