Isrotel Ltd.

Major Shareholding Notification • Sep 4, 2025

ISROTEL LTD.

ISROTEL LTD.

Registration Number: 520042482

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T076 (Public) Sent via MAGNA: 04/09/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01-066952

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting a change in holdings of securities of the reporting corporation only. To report a change in holdings of securities of a subsidiary of the reporting corporation, if its activity is material to the activity of the reporting corporation, use Form T121.

1

Name of corporation/Last name and first name of holder: Moshe Magid

Name of corporation/Last name and first name of holder in English as registered with the Companies Registrar or in the passport: MOSHE MAGID

Type of identification number: Identity card number

Identification number of the holder: 051316933

Type of holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or representative to the company's board? _________

Is the holder acting as a representative for the purpose of reporting on behalf of several shareholders holding together securities of the corporation? No

Name of controlling shareholder in the interested party:

-*

Identification number of the controlling shareholder in the interested party:

-*

Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: _________

Security number on the stock exchange: 1152552

Name and type of security: Warrants 2018

Nature of the change: Decrease Other

Other: Exercise of employee warrants (non-tradable)

Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an offexchange transaction, with disclosure in the free text field that the transaction was carried out in this way.

Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction

Date of change: 03/09/2025

Transaction rate: 0 Currency: Agorot

Are these dormant shares or securities convertible into dormant shares: No

Balance (in number of securities) in the last report: 179,214 Holding percentage of total securities of the same type in the last report: 7.67%

Change in number of securities: 2,714 -

Current balance (in number of securities): 176,500 Current holding percentage of total securities of the same type: 7.79%

Holding percentage after the change: In capital: % 0 In voting rights: % 0

Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: % 0.28In

voting rights: % 0.30

Note number: _________

Note: If an increase is selected due to a forced purchase of loaned securities or a decrease due to a forced sale of loaned securities, then loaned securities not returned to the lender and thus the lending action became a forced purchase and the lending action a forced sale.

No.	Note
1	___

1. Was the entire consideration paid at the time of the change? Yes

If not all the consideration was paid at the time of the change, please specify the date of completion of the payment: _________

1. If the change is by way of signing a loan agreement, please specify details regarding the manner of ending the loan: _________

Explanation: The holding percentages should be stated taking into account all securities held by the interested party.

• 1. The date and time the corporation first became aware of the event or matter: 03/09/2025 At: 17:30
• 1. Details of the actions that caused the change: _________

Details of the authorized signatories on behalf of the corporation:

	Signatory Name	Position
1	Asaf Beck	Other Legal Counsel, Company Secretary and VP Business Development

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here.

Reference numbers of previous documents on the subject (the mention does not constitute inclusion by reference):

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

Form structure update date: 04/02/2025

Short name: ISROTEL LTD.

Address: HaMered 29, Tel Aviv 6812511 Phone: 03-5197777, 03-5197758 Fax: 03-5104646

Email: beckasaf@isrotel.co.il

Previous names of the reporting entity: King Solomon's Palace Hotel Ltd.

Electronic reporter name: Beck Asaf Position: Legal Advisor and Company Secretary Employer company name: ISROTEL LTD.

Address: HaMered 29, Tel Aviv 68125 Phone: 03-5197777 Fax: 03-5104646 Email: beckasaf@isrotel.co.il