Israel Canada (T.R) Ltd. — M&A Activity 2026

Apr 13, 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. .

Israel-Canada (T.R) Ltd.

("the Company")

To

To

Securities Authority

The Tel Aviv Stock Exchange Ltd. ("the Stock Exchange")

www.isa.gov.il

www.tase.co.il

April 13, 2026

Subject: Receipt of Competition Authority approval for entering into a merger transaction with Acro Group Ltd.

Further to the Company's immediate report dated February 19, $^{1}2026$ , and the general meeting summons report of the Company's shareholders published on March 4, $^{2}2026$ , regarding the Company entering into a statutory merger agreement with Acro Group Ltd. ("Acro") according to the provisions of Chapter 1 of Part 8 of the Companies Law, 1999 ("the Merger"), subject to conditions precedent, and further to the immediate reports dated April 12, 2026, regarding the approval of the general meeting of shareholders of each of the Company and Acro for the Merger $^{3}$ , the Company is honored to update that on April 13, 2026, the Competition Commissioner's approval for the Merger was received.

As of the date of this report, the effectiveness of the Merger is subject to conditions precedent, the main ones being: receipt of Tax Authority approval for a tax ruling in the agreement (pre-ruling) under Section 103 of the Income Tax Ordinance [New Version]; receipt of approval from financing entities of the Company and Acro for the merger transaction, to the extent such approval is required under the terms of the engagement with them; receipt of a merger certificate from the Registrar of Companies; receipt of the Stock Exchange's approval for the listing for trading of the shares and new series of BONDS of the Company which will be allocated within the framework of the Merger to the shareholders and holders of BONDS of Acro (instead of the existing series), respectively; and receipt of a Securities Authority permit for the shelf offering report within which the aforementioned securities of the Company will be offered.

For further details regarding the merger transaction, see the previous reports.

Sincerely,

Israel-Canada (T.R) Ltd.

Signed by: Guy Canada

Deputy CEO

4/13/2026 | 11:27:18 AM