ISRAS Investment Company Ltd. — Capital/Financing Update 2026

May 26, 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.

Isras Investment Company Ltd. ("the Company")

May 26, 2026

To

To

Israel Securities Authority

The Tel Aviv Stock Exchange Ltd.

Via MAGNA

Via MAGNA

Dear Sir/Madam,

Re: Immediate Report Regarding Results of a Tender for Classified Investors

Further to immediate reports published by the Company on April 12, 2026 and May 19, 2026 (reference numbers: 2026-01-032963 and 2026-01-045732, respectively), the contents of which are incorporated herein by way of reference, regarding a possible issuance of BONDS (Series 20') of the Company ("the BONDS"), the Company is pleased to report as follows:

1. On May 26, 2026, a tender was held to receive early commitments from classified investors ahead of a possible issuance of the BONDS to be issued for the first time and listed for trading on the Tel Aviv Stock Exchange Ltd. (hereinafter: the "Tender"), in accordance with a shelf offering report that the Company intends to publish, pursuant to the Company's shelf prospectus dated April 29, 2025 (hereinafter: the "Shelf Offering Report" and the "Shelf Prospectus", respectively).

2. The Offered BONDS

Within the framework of the Tender, the BONDS were offered to classified investors in units including, each, 1,000 NIS par value BONDS, by way of a tender on the annual interest rate that the BONDS shall bear. The BONDS are non-convertible BONDS, denominated in NIS, linked to the increase in the Consumer Price Index published in May 2026 for April 2026, and are not secured by any lien, and they shall bear a fixed annual interest rate to be determined within the framework of the public offering to be held by the Company (to the extent held).

3. Results of the Tender

Within the framework of the Tender, early commitments were received from classified investors for the purchase of units in a total scope of approximately NIS 1.05 billion par value BONDS, out of which the Company received early commitments for the purchase of NIS 500 million par value BONDS, in a total financial scope of NIS 500 million, at a maximum annual interest of $2.72\%$ , which shall constitute the maximum annual interest rate that the BONDS shall bear in the public tender (if performed). It is emphasized that the final interest rate will be determined within the framework of the public offering to be held by the Company, if any, according to the Shelf Offering Report by way of a uniform offer, in which the remaining terms of the offer will also be determined (if published).

---

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. In light of the large scope of demand received, as detailed above, the Company applied to Standard & Poor's Maalot and Midroog Ltd. (hereinafter together: the "Rating Companies") with a request to update the rating approvals given by them, as detailed in the immediate reports published by them on May 13, 2026 (reference numbers: 2026-01-044266 and 2026-01-044404, respectively), the contents of which are incorporated herein by way of reference, so that they will be valid up to a total of NIS 500 million par value (instead of a total of NIS 300 million par value). Subject to the approval of the Rating Companies as stated, the Company intends to receive an early commitment for the purchase of NIS 500 million par value BONDS, at a maximum interest of 2.72%.

2. 2 -

3. It is emphasized, for the sake of caution, that there is no certainty that the public offering will take place, and that it is subject, among other things, to the approvals required by law, including the approval of the Tel Aviv Stock Exchange Ltd. and the approval of the Rating Companies as stated. It will also be clarified that the public offering, if performed, will be made as stated within the framework of the Shelf Offering Report, by way of a uniform offer, where the scope of the public offering and its other terms will be detailed within it, if and to the extent published, and that this immediate report does not constitute an offer to purchase securities or an invitation to submit offers for their purchase.

Sincerely,

Isras Investment Company Ltd.

By: Ilan Toker, Risk and Reporting Manager

5/26/2026 | 5:20:51 PM | v1.2.5