G.P. Global Power Ltd. — Delisting Announcement 2022

Jul 13, 2022

13 July, 2022 413924.docx

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Att:

The TASE members

Dear Madam or Sir,

Re: G.P. GLOBAL POWER LTD- Non-Compliance with the Maintenance Rules-

candidate to be transferred to the maintenance list

1. Pursuant to our circular dated January 13, 2022, TASE reviewed the company's data as of June 30, 2022.

According to the data, the public holding percentage in the company's shares is 2.11% and the public holdings value in the company's shares is less than NIS 15 million. Therefore, the company is in non-compliance with public holdings percentage cause and doesn’t meet the conditions of the exemption.

1. According to the Fourth part of TASE's Rules, TASE's CEO will transfer to the maintenance list shares and convertible securities of companies that do not comply with the Maintenance Rules as required.

Accordingly, if in the review that is performed on the date of TASE's Board meeting (July 20, 2022), the company will not comply with the Maintenance Rules and will not meet the conditions of the exemption relating to this cause, its shares will be transferred to the maintenance list on July 24, 2022

1. According to TASE's Rules, a security that is traded on the maintenance list shall be delisted from trade if 48 months have passed from the date on which the security ceased to be traded in the framework of the main list, and the conditions for the renewal of its trade therein on the main list have not been fulfilled.

There will not be further discussion on the TASE's Board regarding the deletion.

sincerely,

( - )

Listing companies Compliance Unit

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