Isrotel Ltd. — Share Issue/Capital Change 2026

Feb 11, 2026

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Isrotel Ltd.
ISROTEL LTD

Number in the register: 520042482

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. T087 ( Public ) Filed via MAGNA: 11/02/2026 www.isa.gov.il www.tase.co.il Reference: 2026-01-014207

Corrective report to a defective report that was sent on 06/08/2025whose reference number is: 2025-01-058346

The defect: Number of warrants exercised and expired

Reason for the

Typographical error

defect:

Principal Update of the number of warrants exercised in section 4 and addition of the warrants that expired

corrections: in section 17.

Share capital status, grant of rights to purchase shares and the corporation's securities registers and the changes therein Regulation 31e of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports) 5730 - 1970

Nature of the change: Issuance of shares following exercise of warrants (unlisted) and expiry of warrants Explanation: A brief description of the nature of the change must be provided

Reference numbers of previous reports on the subject:,,

1. The corporation's securities position after the change:

Name and type of security	Security No. on the stock exchange	Quantity in registered capital	Issued and paid-up capital
			Quantity in last report	Current quantity	Quantity registered under the name of Registration Company
Ordinary share	1080985	80,000,000	59,787,597 59,878,438		59,878,437
Warrants 2018	1152552	0	2,474,193 2,226,390		0
Restricted stock units (RSU)	1212430	0	25,384 25,384		0
Share warrants – others	1212422	0	25,253 25,253		0

Explanation: All of the company's securities must be detailed, including securities not listed for trading.

		2. The corporation announces that:
--	--	------------------------------------	--	--

On the date
-------------	--

1

From the date 30/06/2025 to the date 31/07/2025

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

Description of the nature of the

Issuance of shares following exercise of warrants (unlisted) and expiry of

change

warrants

Explanation: The full details of the transaction or action due to which a change occurred in the corporation's securities must be described.

Name of the registered holder for whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd.

Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249

Nature of the change: Exercise of warrants _________

Date of change: 02/07/2025Executed via the stock exchange clearing house: No

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Type and name of security in which change occurred: Isrotel ordinary share Security No. on the stock exchange: 1080985
Holder's balance in the security in the last report: 59,787,596
Holder's balance in this security after the change: 59,802,790
Total quantity of securities in which there was a decrease/increase: 15,194
Is this a grant of rights to purchase shares No
Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
Number of shares that will derive from full exercise/conversion of the security:
Total exercise premium that will be received from full exercise/conversion of the security into shares:
Period in which the security may be exercised: Fromto
The allocated securities will be registered for trading:
The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
Name of the registered holder for whom the change occurred: I.B.I. Trust Management 2
Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
Nature of the change: Exercise of warrants
Date of change: 02/07/2025Executed via the stock exchange clearing house: No
Type and name of security in which change occurred: Warrants 2018 Security No. on the stock exchange: 1152552
Holder's balance in the security in the last report: 2,466,617
Holder's balance in this security after the change: 2,424,203
Total quantity of securities in which there was a decrease/increase: 42,414
Is this a grant of rights to purchase shares No
Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
Number of shares that will derive from full exercise/conversion of the security:
Total exercise premium that will be received from full exercise/conversion of the security into shares:

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The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is
	The security has been fully redeemed and the consideration has been fully received.
	The security has been fully redeemed, but the consideration has not been fully received.
Issued for the purpose of an ATM program
Other.
3	Name of the registered holder for whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd.
	Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249
Nature of the change: Exercise of warrants
Date of change: 06/07/2025Executed via the stock exchange clearing house: No
Type and name of security in which change occurred: Isrotel ordinary share
Security No. on the stock exchange: 1080985
Holder's balance in the security in the last report: 59,802,790
Holder's balance in this security after the change: 59,818,306
Total quantity of securities in which there was a decrease/increase: 15,516
Is this a grant of rights to purchase shares No
Total consideration for securities allocated:
	The stock exchange number of the share that will derive from exercise of the security:
	Number of shares that will derive from full exercise/conversion of the security:
	Total exercise premium that will be received from full exercise/conversion of the security into shares:
Period in which the security may be exercised:
Fromto
The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is
	The security has been fully redeemed and the consideration has been fully received.
	The security has been fully redeemed, but the consideration has not been fully received.
Issued for the purpose of an ATM program
Other.
4	Name of the registered holder for whom the change occurred: I.B.I. Trust Management
	Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
Nature of the change: Exercise of warrants
Date of change: 06/07/2025Executed via the stock exchange clearing house: No
Type and name of security in which change occurred: Warrants 2018
Security No. on the stock exchange: 1152552

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Holder's balance in the security in the last report: 2,242,203
Holder's balance in this security after the change: 2,381,943
Total quantity of securities in which there was a decrease/increase: 42,260
Is this a grant of rights to purchase shares No
Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
Number of shares that will derive from full exercise/conversion of the security:
Total exercise premium that will be received from full exercise/conversion of the security into shares:
Period in which the security may be exercised: Fromto
The allocated securities will be registered for trading:
The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
Name of the registered holder for whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd.
5 Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249
Nature of the change: Exercise of warrants Date of change: 08/07/2025Executed via the stock exchange clearing house: No
Type and name of security in which change occurred: Isrotel ordinary share Security No. on the stock exchange: 1080985
Holder's balance in the security in the last report: 59,818,306
Holder's balance in this security after the change: 59,859,711
Total quantity of securities in which there was a decrease/increase: 41,405
Is this a grant of rights to purchase shares No
Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
Number of shares that will derive from full exercise/conversion of the security:
Total exercise premium that will be received from full exercise/conversion of the security into shares:
Period in which the security may be exercised: Fromto

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The said allocation of securities is further topublished onand its reference number is
The security has been fully redeemed and the consideration has been fully received.
The security has been fully redeemed, but the consideration has not been fully received.
Issued for the purpose of an ATM program
Other.
Name of the registered holder for whom the change occurred: I.B.I. Trust Management 6
Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
Nature of the change: Exercise of warrants
Date of change: 08/07/2025Executed via the stock exchange clearing house: No
Type and name of security in which change occurred: Warrants 2018
Security No. on the stock exchange: 1152552
Holder's balance in the security in the last report: 2,381,943
Holder's balance in this security after the change: 2,287,312
Total quantity of securities in which there was a decrease/increase: 94,631
Is this a grant of rights to purchase shares No
Total consideration for securities allocated:
The stock exchange number of the share that will derive from exercise of the security:
Number of shares that will derive from full exercise/conversion of the security:
Total exercise premium that will be received from full exercise/conversion of the security into shares:
Period in which the security may be exercised:
Fromto
The allocated securities will be registered for trading:
The said allocation of securities is further topublished onand its reference number is
The security has been fully redeemed and the consideration has been fully received.
The security has been fully redeemed, but the consideration has not been fully received.
Issued for the purpose of an ATM program
Other.
Name of the registered holder for whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd. 7
Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249
Nature of the change: Exercise of warrants
Date of change: 10/07/2025Executed via the stock exchange clearing house: No
Type and name of security in which change occurred: Isrotel ordinary share
Security No. on the stock exchange: 1080985
Holder's balance in the security in the last report: 59,859,711

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Holder's balance in this security after the change: 59,861,545
Total quantity of securities in which there was a decrease/increase: 1,834
Is this a grant of rights to purchase shares No
Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
Number of shares that will derive from full exercise/conversion of the security:
Total exercise premium that will be received from full exercise/conversion of the security into shares:
Period in which the security may be exercised: Fromto
The allocated securities will be registered for trading:
The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
Name of the registered holder for whom the change occurred: I.B.I. Trust Management
8 Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
Nature of the change: Exercise of warrants
Date of change: 10/07/2025Executed via the stock exchange clearing house: No
Type and name of security in which change occurred: Warrants 2018
Security No. on the stock exchange: 1152552
Holder's balance in the security in the last report: 2,287,312
Holder's balance in this security after the change: 2,265,042
Total quantity of securities in which there was a decrease/increase: 22,270
Is this a grant of rights to purchase shares No
Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
Number of shares that will derive from full exercise/conversion of the security:
Total exercise premium that will be received from full exercise/conversion of the security into shares:
Period in which the security may be exercised: Fromto
The allocated securities will be registered for trading:

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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.

	The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
	Name of the registered holder for whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd.
9	Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249
	Nature of the change: Exercise of warrants
	Date of change: 14/07/2025Executed via the stock exchange clearing house: No
	Type and name of security in which change occurred: Isrotel ordinary share Security No. on the stock exchange: 1080985
	Holder's balance in the security in the last report: 59,861,545
	Holder's balance in this security after the change: 59,863,715
	Total quantity of securities in which there was a decrease/increase: 2,170
	Is this a grant of rights to purchase shares No
	Total consideration for securities allocated:
	The stock exchange number of the share that will derive from exercise of the security:
	Number of shares that will derive from full exercise/conversion of the security:
	Total exercise premium that will be received from full exercise/conversion of the security into shares:
	Period in which the security may be exercised:
	Fromto
	The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is
	The security has been fully redeemed and the consideration has been fully received.
	The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program
	Other.
10	Name of the registered holder for whom the change occurred: I.B.I. Trust Management
	Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
	Nature of the change: Exercise of warrants
	Date of change: 14/07/2025Executed via the stock exchange clearing house: No
	Type and name of security in which change occurred: Warrants 2018
	Security No. on the stock exchange: 1152552
	Holder's balance in the security in the last report: 2,265,042
	Holder's balance in this security after the change: 2,260,042
	Total quantity of securities in which there was a decrease/increase: 5,000

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	Is this a grant of rights to purchase shares No
	Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
	Number of shares that will derive from full exercise/conversion of the security:
	Total exercise premium that will be received from full exercise/conversion of the security into shares:
	Period in which the security may be exercised: Fromto
	The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
11	Name of the registered holder for whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd. Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249
	Nature of the change: Exercise of warrants Date of change: 24/07/2025Executed via the stock exchange clearing house: No
	Type and name of security in which change occurred: Isrotel ordinary share Security No. on the stock exchange: 1080985
	Holder's balance in the security in the last report: 59,863,715
	Holder's balance in this security after the change: 59,875,637
	Total quantity of securities in which there was a decrease/increase: 11,922
	Is this a grant of rights to purchase shares No
	Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
	Number of shares that will derive from full exercise/conversion of the security:
	Total exercise premium that will be received from full exercise/conversion of the security into shares:
	Period in which the security may be exercised: Fromto
	The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.

_________

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	Name of the registered holder for whom the change occurred: I.B.I. Trust Management
12	Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
	Nature of the change: Exercise of warrants
	Date of change: 24/07/2025Executed via the stock exchange clearing house: No
	Type and name of security in which change occurred: Warrants 2018 Security No. on the stock exchange: 1152552
	Holder's balance in the security in the last report: 2,260,042
	Holder's balance in this security after the change: 2,233,390
	Total quantity of securities in which there was a decrease/increase: 26,652
	Is this a grant of rights to purchase shares No
	Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
	Number of shares that will derive from full exercise/conversion of the security:
	Total exercise premium that will be received from full exercise/conversion of the security into shares:
	Period in which the security may be exercised: Fromto
	The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
	Name of the registered holder for whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd.
13	Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249
	Nature of the change: Exercise of warrants
	Date of change: 28/07/2025Executed via the stock exchange clearing house: No
	Type and name of security in which change occurred: Isrotel ordinary share Security No. on the stock exchange: 1080985
	Holder's balance in the security in the last report: 59,875,637
	Holder's balance in this security after the change: 59,875,998
	Total quantity of securities in which there was a decrease/increase: 361
	Is this a grant of rights to purchase shares No
	Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:

{9}------------------------------------------------

	Number of shares that will derive from full exercise/conversion of the security:
	Total exercise premium that will be received from full exercise/conversion of the security into shares:
	Period in which the security may be exercised: Fromto
	The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
	Name of the registered holder for whom the change occurred: I.B.I. Trust Management
14	Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
	Nature of the change: Exercise of warrants Date of change: 28/07/2025Executed via the stock exchange clearing house: No
	Type and name of security in which change occurred: Warrants 2018 Security No. on the stock exchange: 1152552
	Holder's balance in the security in the last report: 2,233,390
	Holder's balance in this security after the change: 2,232,607
	Total quantity of securities in which there was a decrease/increase: 783
	Is this a grant of rights to purchase shares No
	Total consideration for securities allocated: The stock exchange number of the share that will derive from exercise of the security:
	Number of shares that will derive from full exercise/conversion of the security:
	Total exercise premium that will be received from full exercise/conversion of the security into shares:
	Period in which the security may be exercised: Fromto
	The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
15	Name of the registered holder for whom the change occurred: Mizrahi Tefahot Company for Registrations Ltd.

Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 510422249

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	Nature of the change: Exercise of warrants
	Date of change: 31/07/2025Executed via the stock exchange clearing house: No
	Type and name of security in which change occurred: Isrotel ordinary share
	Security No. on the stock exchange: 1080985
	Holder's balance in the security in the last report: 59,875,998 Holder's balance in this security after the change: 59,878,437
	Total quantity of securities in which there was a decrease/increase: 2,439
	Is this a grant of rights to purchase shares No
	Total consideration for securities allocated:
	The stock exchange number of the share that will derive from exercise of the security:
	Number of shares that will derive from full exercise/conversion of the security:
	Total exercise premium that will be received from full exercise/conversion of the security into shares:
	Period in which the security may be exercised:
	Fromto
	The allocated securities will be registered for trading:
	The said allocation of securities is further topublished onand its reference number is
	The security has been fully redeemed and the consideration has been fully received.
	The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program
	Other.
16	Name of the registered holder for whom the change occurred: I.B.I. Trust Management
	Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
	Nature of the change: Exercise of warrants
	Date of change: 31/07/2025Executed via the stock exchange clearing house: No
	Type and name of security in which change occurred: Warrants 2018
	Security No. on the stock exchange: 1152552
	Holder's balance in the security in the last report: 2,232,607
	Holder's balance in this security after the change: 2,226,390
	Total quantity of securities in which there was a decrease/increase: 6,217
	Is this a grant of rights to purchase shares No
	Total consideration for securities allocated:
	The stock exchange number of the share that will derive from exercise of the security:
	Number of shares that will derive from full exercise/conversion of the security:

_________

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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.

Period in which the security may be exercised: Fromto
The allocated securities will be registered for trading:
The said allocation of securities is further topublished onand its reference number is The security has been fully redeemed and the consideration has been fully received. The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program Other.
Name of the registered holder for whom the change occurred: I.B.I. Trust Management
17 Type of identication number: Number in the Israeli Registrar of CompaniesIdentication number: 515020428
Nature of the change: Expiry
Date of change: 30/06/2025Executed via the stock exchange clearing house: No
Type and name of security in which change occurred: Warrants 2018
Security No. on the stock exchange: 1152552
Holder's balance in the security in the last report: 2,474,193
Holder's balance in this security after the change: 2,466,617
Total quantity of securities in which there was a decrease/increase: 7,576
Is this a grant of rights to purchase shares No
Total consideration for securities allocated:
The stock exchange number of the share that will derive from exercise of the security:
Number of shares that will derive from full exercise/conversion of the security:
Total exercise premium that will be received from full exercise/conversion of the security into shares:
Period in which the security may be exercised:
Fromto
The allocated securities will be registered for trading:
The said allocation of securities is further topublished onand its reference number is
The security has been fully redeemed and the consideration has been fully received.
The security has been fully redeemed, but the consideration has not been fully received. Issued for the purpose of an ATM program
Other.
Expiry

Explanations:

• 1. If the change affects more than one security, the impact of the change must be detailed in a separate line for each security.
• 1. Date of change all changes of the same type, in the same security, made on one day, shall be summarized in one line. For this purpose – changes made via the stock exchange clearing house must be separated from changes made directly in the company's books.
• 1. The change for a decrease, the sign "-" must be added.
• 1. In all quantity elds, the quantity of securities must be lled in and not NIS par value.

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		There has been a change only in the register of holders of the corporation's securities (without a change in the quantity of the corporation's securities) as a result of:
		Description of the nature of the change
	described	Explanation: The full details of the transaction or action due to which a change occurred in the register must be
		1 Name of the registered holder for whom the change occurred:
		Type of identication number: Identication number:
	Date of change: Executed via the stock exchange clearing house:
		Type and name of security in which change occurred:
		Security No. on the stock exchange:
	Quantity of change:
		Holder's balance in this security after the change:
		3. The main shareholders' register as of the report date is as follows:
No.	Name of the registered shareholder	Type of identication number	Identication number	Security number on the stock exchange	Type of shares and their par value	Number of shares	Does he hold the shares as trustee
1	Mizrahi Tefahot Company for Registrations Ltd.	Number in the Israeli Registrar of Companies	510422249	1080985	Ordinary shares of NIS 1 par value	59,878,437	No
2	Yehuda Bar Lev	ID number	64837198	1080985	Ordinary shares of NIS 1 par value	1	No
	1999	4. Attached is a shareholders' register le in accordance with the provisions of section 130 of the Companies Law, 5759 -
		5. Attached is an updated le of the corporation's securities registers, including the register of warrant holders and the register of BONDS holders Register_of_Isrotel_securities_310725_isa.pdf
		Details of the authorized signatories on behalf of the corporation:
	Name of signatory Position
	Other 1 Assaf Beck	Legal Counsel, Company Secretary and Business Development Manager
		Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 – 1970), a report submitted pursuant to these regulations shall be signed by the persons authorized to sign on behalf of the corporation. The staff's 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 way of reference):
		The corporation's securities are listed for trading on the Tel Aviv Stock Exchange				Form structure update date:

06/08/2024

Previous names of reporting entity: King Solomons Palace Hotel Ltd

Address: Hamered 29 , Tel Aviv6812511 Telephone: 03-5197777 , 03-5197758Fax: 03-

Short name: Isrotel

Email: beckasaf@isrotel.co.il

5104646

{13}------------------------------------------------

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 of electronic ler: Cohen MiritPosition: AccountantName of employing company: Isrotel Ltd. Address:Yitzhak Sadeh8 , Tel Aviv6777508Telephone: 03-5197700Fax: 03-5104646Email: mirit@isrotel.co.il