Isrotel Ltd.

Share Issue/Capital Change • Dec 7, 2025

ISROTEL LTD.

Registration Number: 520042482 Form Number: T087 (Public)

Transmitted via MAGNA: 07/12/2025 Reference Number: 2025-01-097147

Capital Status, Granting Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

Regulation 31E of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 31(a) of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 31(b1) of the Securities Regulations (Immediate Periodic Reports), 1970 Regulation 32 of the Securities Regulations (Immediate and Periodic Reports), 1970

Nature of the Change:
Issuance of shares following the exercise of (non-tradable) warrants
Explanation: Please briefly describe the nature of the change.
Reference Numbers of Previous Reports on This Subject:
,,

1. The Corporation's Securities Status After the Change:

Name and Type of Security	Security Number	Quantity in Registered Capital	Issued and Paid-up Capital	Quantity Registered Under Nominee Company
Ordinary Share 1080985		Last Reported: 80,000,000 59,943,582 Current: 59,950,815		59,950,814
Warrants 2018	1152552	0	Last Reported: 2,066,894 Current: 2,045,040	0
Restricted Stock Units (RSU)	1212430	0	Last Reported: 25,384 Current: 25,384	0
Stock Options - 1212422 Others		0	Last Reported: 25,253 Current: 25,253	0

Explanation: Please detail all the company's securities, including non-registered securities.

2. The Corporation Announces That:

From date: 01/11/2025 To date: 30/11/2025

There was a change in the quantity and register of the corporation's securities holders (including rights to purchase shares) as a result of:

Description of the nature of the change: Issuance of shares following the exercise of (non-tradable) warrants

Explanation: Please describe all details of the transaction or action that resulted in the change in the corporation's securities.

Section Table of Changes:

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. Registered Holder Affected: Mizrahi-Tefahot Registration Company Ltd.

-ID Type: Israeli Companies Register

-ID Number: 510422249

Nature of change: Exercise of warrants

Date of change: 03/11/2025

Executed via stock exchange clearing: No

Security Type and Name: ISROTEL Ordinary Share

Security Number: 1080985

Holder's balance in last report: 59,947,016 Holder's balance after change: 59,949,488 Total quantity of securities changed: 2,472 Is it a grant of rights to purchase shares: No

Security fully paid and consideration fully received: Yes

2. Registered Holder Affected: I.B.I. Trustees Management

-ID Type: Israeli Companies Register

-ID Number: 515020428

Nature of change: Exercise of warrants

Date of change: 03/11/2025

Executed via stock exchange clearing: No Security Type and Name: Warrants 2018

Security Number: 1152552

Holder's balance in last report: 2,059,221 Holder's balance after change: 2,047,540 Total quantity of securities changed: 11,681 Is it a grant of rights to purchase shares: No

Security fully paid and consideration fully received: Yes

1. Registered Holder Affected: Mizrahi-Tefahot Registration Company Ltd.

ID: 510422249

Nature of change: Exercise of warrants

Date of change: 05/11/2025

Security: ISROTEL Ordinary Share (1080985)

Holder's balance in last report: 59,949,488

Balance after: 59,950,115

Change: 627

Fully paid and consideration received: Yes

1. Registered Holder Affected: I.B.I. Trustees Management

ID: 515020428

Nature of change: Exercise of warrants

Date of change: 05/11/2025

Security: Warrants 2018 (1152552)

Holder's balance in last report: 2,047,540

Fully paid and consideration received: Yes

Balance after: 2,046,356

Change: 1,184

1. Registered Holder Affected: Mizrahi-Tefahot Registration Company Ltd.

ID: 510422249

Nature of change: Exercise of warrants

Date of change: 09/11/2025

Security: ISROTEL Ordinary Share (1080985)

Holder's balance in last report: 59,950,115

Balance after: 59,950,815

Change: 700

Fully paid and consideration received: Yes

6. Registered Holder Affected: I.B.I. Trustees Management

ID: 515020428

Nature of change: Exercise of warrants

Date of change: 09/11/2025

Security: Warrants 2018 (1152552)

Holder's balance in last report: 2,046,356

Balance after: 2,045,040

Change: 1,316

Fully paid and consideration received: Yes

Explanatory notes:

1. If the change affects more than one security, specify the effect of the change in a separate row for each security.

2. 1. Date of change all changes of the same type, in the same security, carried out on the same day, should be reported in a single row. Changes conducted via exchange clearing should be distinguished from those conducted directly in company records.
3. 1. For reductions, add the '-' sign.
4. 1. All quantity fields should specify the quantity of securities, not NIS par value.

3. Main Shareholder Register as of the Report Date:

No.	Registered Shareholder Name	ID Type	ID Number	Security Number	Share Type and Par Value	Number of Shares	Holds as Trustee
1	Mizrahi-Tefahot Registration Company Ltd.	Israeli Companies Register	510422249	1080985	Ordinary Shares of 1 NIS Par Value	59,950,814	No
2	Yehuda Bar Lev	ID Card Number	64837198	1080985	Ordinary Shares of 1 NIS Par Value	1	No

• 1. Attached is the company share register file in accordance with section 130 of the Companies Law, 1999
• 1. Attached is an updated file of the corporation's securities registers, including the options holders' and bondholders' ledgers.

מרשםניירותהערךשלישרוטלisa.pdf

Alt text: Securities register file of Isrotel Ltd.

Details of authorized signatories on behalf of the corporation:

No.	Name	Position
1	Assaf Beck	Other: General Counsel, Company Secretary

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

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.

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

Electronic signatory's name: Beck Assaf

Position: Legal Advisor & Company Secretary Employer name: ISROTEL LTD. Address: HaMered 29, Tel Aviv 68125 Tel: 03-

5197777, Fax: 03-5104646, Email: beckasaf@isrotel.co.il

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

Short name: ישרוטל

Form structure update date: 06/08/2024

Glossary (selected key terms from the original Hebrew, translated as requested):

• warrants = אופציות
• share ordinary = מניה רגילה
• securities/security = נייר/ות ערך
• Number Register Companies Israeli = מספר ברשם החברות בישראל
• זהות תעודת = ID Card Number

Note:

This is a translation from the original Hebrew report, adapted into Markdown and including reference to attached files. No images were present beyond attached files; file names are provided as per the instruction.