IES Holdings Ltd. — Major Shareholding Notification 2026

May 18, 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.

I.E.S. HOLDINGS LTD
I.E.S HOLDINGS LTD
Registrar number: 520039132

To: Israel Securities Authority
www.isa.gov.il

To: Tel-Aviv Stock Exchange Ltd.
www.tase.co.il

T078 (Public)
www.tase.co.il

Filed via MAGNA: 18/05/2026
Reference: 2026-01-045678

Immediate report on a person who has become an interested party in the corporation
Regulation 33(e)-(f) of the Securities Regulations (Periodic and Immediate Reports), 1970

1. Details of the holder:

First name: ____

First name in English as appears in passport: ____

Surname/Corporation name: Y.D. Mor Investments Ltd

Surname/Corporation name in English: Y.D. MORE INVESTMENTS LTD

Type of identification number: Israeli Companies Registrar number ☐ The holder is a corporation

Identification number: 513834606

Citizenship / Country of incorporation or registration: Incorporated in Israel

Country of citizenship / incorporation or registration: ____

Address: 2 Derech Ben Gurion, Ramat Gan 5257334

Is the holder acting as a representative for the purpose of reporting a number of shareholders holding together with it securities of the corporation: Yes

Name of the controlling shareholder in the interested party: See Section 5.

Identification number of the controlling shareholder in the interested party: See Section 5.

2. Details of the transaction as a result of which the holder became an interested party in the corporation:

a. Nature of the transaction Increase Other

It is noted that the increase was carried out within the framework of a private allocation of ordinary shares from the dormant shares held by the company, in the scope of 291,300 shares, less 104 shares that were sold on the stock exchange. For further details regarding the allocation of dormant shares of the company and warrants exercisable into dormant shares, which were allocated to the above-mentioned interested party, see the immediate report published by the company on May 11, 2026 (reference number: 2026-01-043304), incorporated herein by reference.

b. Name and type of security subject of the transaction: I.E.S share NIS 1 par value

c. Security number on the stock exchange: 431015

d. Date of execution of the transaction 11/05/2026

e. Quantity of securities subject of the transaction: 291,196

f. Price at which the transaction was carried out: 63,100Agorot

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

h. Was the full consideration 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. Holdings of the interested party after the transaction:

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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 percentage		Holding percentage (full dilution)
				% Capital	% Voting	% Capital	% Voting
I.E.S share NIS 1 par value	431015	302,442	No	5.2	5.2		7.87
Warrants to others	000000	168,954	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 as a senior officer who is not a CEO or director and is 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 bought and held by a fund and their maximum percentages), 1994.
☐ The hedge fund has the right to appoint a director or its representative to the board of directors of the company
☐ The holder is a member of an institutional reporting group.

Below is a breakdown of its holdings:

The holder	Name type and series of security	Security number on the stock exchange	Quantity of securities	Dormant
Provident funds and companies managing provident funds	I.E.S share NIS 1 par value	431015	287,300	No
Companies managing mutual funds	I.E.S share NIS 1 par value	431015	15,142	No
Provident funds and companies managing provident funds	Warrants to others	000000	166,634	No
Companies managing mutual funds	Warrants to others	000000	2,320	No

Explanations:

1. If the interested party holds more than one type of security, the holding percentages taking into account all the securities he holds should be stated only in one of the lines.
2. Holdings of other securities must also be reported, including other securities that are not listed for trading.
3. In a case where the interested party is a subsidiary, the holdings should be broken down between shares purchased prior to the entry into force of the Companies Law, 1999, and shares purchased after its entry into force.
4. When the holder is not a member of an institutional reporting group, only Section 3(a) should be completed. When the holder is a member of an institutional reporting group, Sections 3(a) and 3(b) must be completed.
5. If the interested party is a corporation wholly owned (100%) by a single controlling shareholder, the field "Name of holder" should state the name of the single controlling shareholder and in the notes at the bottom of the form the details of the corporation or corporations through which the shares are held will be brought, with any other relevant details. Conversely, if the interested party is a corporation held by more than one controlling shareholder, or held by several interested parties, the field "Name of holder" should state the name of the holding corporation and in the notes at the bottom of the form the details of the controlling shareholders or interested parties who hold the holding corporation will be brought.
6. A report regarding a major holder of means of control in a banking corporation without a core controlling interest shall be reported on Form T121.

7. It should be indicated whether these are dormant shares or securities convertible into dormant shares

8. ☐ The interested party does not hold shares or other securities in a held company, if its activity is material to the activity of the reporting corporation
   ☐ The interested party holds shares or other securities in a held company, if its activity is material to the activity of the reporting corporation, as detailed below:

1 Name of held company if its activity is material to the activity of the reporting corporation:
Type of identification number:
Identification number:
Country of incorporation or registration: Country:

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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.

Nature of relationship to the reporting corporation:

Type of security: Security number:

Quantity of securities:

Holding percentage out of all securities of the same type: $\%$

Holding percentage in capital: $\%$ Holding percentage in voting power: $\%$

5. Additional details:

Mor Investments is a public company under the joint control of Messrs. Eli Levi (ID No. 039038260); Yosef Levi (ID No. 055311187); Binyamin Mairov (ID No. 051376754); Yosef Mairov (ID No. 052364395); Michael Mairov (ID No. 031720915); Dotan Mairov (ID No. 037560158), who together hold approximately $50.08\%$ of the issued and paid-up share capital of Mor Investments. [] Eli Levi holds Mor Investments through a company wholly owned $(100\%)$ by him, Aldot Ltd (Company No. 515616761); $[^{*}]$ Yosef Mairov holds Mor Investments directly, as well as through B.Y.M Investments Ltd (Company No. 515566750) ("B.Y.M"), which is held by Yosef Mairov $(50\%)$ , Dotan Mairov $(25\%)$ and Michael Mairov $(25\%)$ . Michael Mairov and Dotan Mairov (sons of Binyamin Mairov, one of the controlling shareholders in Mor Investments) hold Mor Investments solely through B.Y.M. Mor Mutual Fund Management (2013) Ltd (Company No. 514884485) is wholly owned $(100\%)$ by Y.D. Mor Investments Ltd ("Mor Investments"). Mor Pension and Provident Funds Ltd (Company No. 514956465) ("Mor Provident and Pension") is a company controlled by Y.D. Mor Investments Ltd ("Mor Investments"), which holds approximately $65.89\%$ of the issued and paid-up share capital of Mor Provident and Pension. In addition, Mr. Binyamin Mairov and Mr. Yosef Mairov, controlling shareholders in Mor Investments, also hold shares in Mor Provident and Pension.

1. Date and time on which the corporation first became aware of the event or matter 17/05/2026at 18:30

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

	Name of signatory	Position
1	David Mizrahi	Acting General Manager
2	Saar Amran	Accountant

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 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 subject (the reference does not constitute incorporation by reference):

Securities of the corporation are listed for trading on the Tel-Aviv Stock Exchange

Date of form structure update: 04/02/2025

Short name: I.E.S

Address: Montefiore33, Tel-Aviv65201 Telephone: 03-7133222, Fax: 03-7133223

E-mail: or.h@ies.com Company website:www.ies.com

Former names of reporting entity: I.E.S. Electronic Industries Ltd

Name of electronic reporter: Amran SaarPosition: AccountantName of employing company:

Address: Montefiore33, Tel Aviv65201Telephone: 03-7133222Fax: 03-7133223E-mail: Saar@ies.com