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Isrotel Ltd.

ISROTEL LTD

Number in the Register: 520042482

To: Israel Securities Authority
www.isa.gov.il

To: The Tel-Aviv Stock Exchange Ltd.
www.tase.co.il

T087 (Public)

Filed via MAGNA: 10/03/2026

Reference: 2026-01-021033

Share capital structure, granting rights to purchase shares and the registers of the corporation's securities and 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 (non-tradable)

Explanation: A brief description of the nature of the change must be provided.

Reference numbers of previous reports on the matter: _, _, ____.

The corporation's securities structure after the change:

Name and type of security	Security No. on the stock exchange	Amount in registered capital	Issued and paid-up capital		Amount registered in the name of the registration company
			Amount in last report	Current amount
Ordinary shares	1080985	80,000,000	60,017,641	60,023,730	60,023,729
2018 warrants	1152552	0	1,884,734	1,864,249	0
Restricted stock units (RSU)	1212430	0	25,384	25,384	0
Share warrants - other	1212422	0	25,253	25,253	0

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

The corporation announces that:

☐ On date

☐ From date 01/02/2026 to date 28/02/2026

☐ A change has occurred 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 change: Issuance of shares following exercise of warrants (non-tradable)

Explanation: All details of the transaction or action which caused the change in the corporation's securities must be described.

Name of registered holder in respect of whom the change has occurred: Mizrahi Tefahot Company for Registration Ltd.

Type of identifying number: Number in the Israeli Companies Register
Identifying number: 510422249

Nature of the change: Exercise of warrants

Date of change: 12/02/2026
Executed via the stock exchange clearing house: No

Type and name of security in which change has occurred: Isrotel ordinary share

Security No. on the stock exchange: 1080985

Balance of the holder in the security in the last report: 60,017,641

Balance of the holder in this security after the change: 60,017,925
Total quantity of securities in which there was a decrease/increase: 284
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 the 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: ___
The period in which the security can be exercised: ___
From _ to _
The securities allocated will be registered for trading: ___
The allocation of said securities is further to _ which was published on _ and its reference number is ___
☐ The security has been fully paid up and the consideration has been received in full.
☐ The security has been fully paid up, but the consideration has not been received in full.
☐ Issued for an ATM program
☐ Other.
____
Name of registered holder in respect of whom the change has occurred: I.B.I. Trust Management
---
2
Type of identifying number: Number in the Israeli Companies RegisterIdentifying number: 515020428
Nature of the change: Exercise of warrants ___
Date of change: 12/02/2026Executed via the stock exchange clearing house: No
Type and name of security in which change has occurred: 2018 warrants
Security No. on the stock exchange: 1152552
Balance of the holder in the security in the last report: 1,884,734
Balance of the holder in this security after the change: 1,884,234
Total quantity of securities in which there was a decrease/increase: 500
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 the 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: ___
The period in which the security can be exercised: ___
From _ to _
The securities allocated will be registered for trading: ___
The allocation of said securities is further to _ which was published on _ and its reference number is ___

Name of registered holder in respect of whom the change has occurred: I.B.I. Trust Management
Type of identifying number: Number in the Israeli Companies RegisterIdentifying number: 515020428
Nature of the change: Expiry
Date of change: 12/02/2026Executed via the stock exchange clearing house: No
Type and name of security in which change has occurred: 2018 warrants
Security No. on the stock exchange: 1152552
Balance of the holder in the security in the last report: 1,884,234
Balance of the holder in this security after the change: 1,876,658
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 the 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:
The period in which the security can be exercised:
From to
The securities allocated will be registered for trading:
The allocation of said securities is further to which was published on and its reference number is:
The security has been fully paid up and the consideration has been received in full.
The security has been fully paid up, but the consideration has not been received in full.
Issued for an ATM program
Other.
Name of registered holder in respect of whom the change has occurred: Mizrahi Tefahot Company for Registration Ltd.
Type of identifying number: Number in the Israeli Companies RegisterIdentifying number: 510422249
Nature of the change: Exercise of warrants
Date of change: 16/02/2026Executed via the stock exchange clearing house: No
Type and name of security in which change has occurred: Isrotel ordinary share
Security No. on the stock exchange: 1080985
Balance of the holder in the security in the last report: 60,017,925

Balance of the holder in this security after the change: 60,018,425
Total quantity of securities in which there was a decrease/increase: 500
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 the 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: ___
The period in which the security can be exercised: ___
From _ to _
The securities allocated will be registered for trading: ___
The allocation of said securities is further to _which was published on ___and its reference number is _
☐ The security has been fully paid up and the consideration has been received in full.
☐ The security has been fully paid up, but the consideration has not been received in full.
☐ Issued for an ATM program
☐ Other.
____
Name of registered holder in respect of whom the change has occurred: I.B.I. Trust Management
---
Type of identifying number: Number in the Israeli Companies RegisterIdentifying number: 515020428
Nature of the change: Exercise of warrants ___
Date of change: 16/02/2026Executed via the stock exchange clearing house: No
Type and name of security in which change has occurred: 2018 warrants
Security No. on the stock exchange: 1152552
Balance of the holder in the security in the last report: 1,876,658
Balance of the holder in this security after the change: 1,875,791
Total quantity of securities in which there was a decrease/increase: 867
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 the 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: ___
The period in which the security can be exercised: ___
From _ to _
The securities allocated will be registered for trading: ___
The allocation of said securities is further to _which was published on ___and its reference number is _

Name of registered holder in respect of whom the change has occurred: Mizrahi Tefahot Company for Registration Ltd.
Type of identifying number: Number in the Israeli Companies RegisterIdentifying number: 510422249
Nature of the change: Exercise of warrants __
Date of change: 19/02/2026Executed via the stock exchange clearing house: No
Type and name of security in which change has occurred: Isrotel ordinary share
Security No. on the stock exchange: 1080985
Balance of the holder in the security in the last report: 60,018,425
Balance of the holder in this security after the change: 60,022,674
Total quantity of securities in which there was a decrease/increase: 4,249
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 the 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: __
The period in which the security can be exercised: __
From _to _
The securities allocated will be registered for trading: __
The allocation of said securities is further to _which was published on __and its reference number is _
The security has been fully paid up and the consideration has been received in full.
The security has been fully paid up, but the consideration has not been received in full.
Issued for an ATM program
Other.
Name of registered holder in respect of whom the change has occurred: I.B.I. Trust Management
Type of identifying number: Number in the Israeli Companies RegisterIdentifying number: 515020428
Nature of the change: Exercise of warrants __
Date of change: 19/02/2026Executed via the stock exchange clearing house: No
Type and name of security in which change has occurred: 2018 warrants
Security No. on the stock exchange: 1152552
Balance of the holder in the security in the last report: 1,875,791

Balance of the holder in this security after the change: 1,866,909

Total quantity of securities in which there was a decrease/increase: 8,882

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 the 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: __

The period in which the security can be exercised: __

From _ to _

The securities allocated will be registered for trading: __

The allocation of said securities is further to _ which was published on _ and its reference number is __

☐ The security has been fully paid up and the consideration has been received in full.
☐ The security has been fully paid up, but the consideration has not been received in full.
☐ Issued for an ATM program
☐ Other.

Name of registered holder in respect of whom the change has occurred: Mizrahi Tefahot Company for Registration Ltd.

Type of identifying number: Number in the Israeli Companies Register

Identifying number: 510422249

Nature of the change: Exercise of warrants

Date of change: 22/02/2026

Executed via the stock exchange clearing house: No

Type and name of security in which change has occurred: Isrotel ordinary share

Security No. on the stock exchange: 1080985

Balance of the holder in the security in the last report: 60,022,674

Balance of the holder in this security after the change: 60,023,730

Total quantity of securities in which there was a decrease/increase: 1,056

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 the 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: __

The period in which the security can be exercised: __

From _ to _

The securities allocated will be registered for trading: __

The allocation of said securities is further to _ which was published on _ and its reference number is

——
□ The security has been fully paid up and the consideration has been received in full.
□ The security has been fully paid up, but the consideration has not been received in full.
□ Issued for an ATM program
□ Other.
——

Name of registered holder in respect of whom the change has occurred: I.B.I. Trust Management

Type of identifying number: Number in the Israeli Companies RegisterIdentifying number: 515020428

Nature of the change: Exercise of warrants

Date of change: 22/02/2026Executed via the stock exchange clearing house: No

Type and name of security in which change has occurred: 2018 warrants

Security No. on the stock exchange: 1152552

Balance of the holder in the security in the last report: 1,866,909

Balance of the holder in this security after the change: 1,864,249

Total quantity of securities in which there was a decrease/increase: 2,660

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 the 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:

The period in which the security can be exercised: _____

From _ to ___

The securities allocated will be registered for trading: _____

The allocation of said securities is further to _ which was published on and its reference number is __

The security has been fully paid up and the consideration has been received in full.
The security has been fully paid up, but the consideration has not been received in full.
□ Issued for an ATM program
□ Other.

Explanations:

If the change affects more than one security, the effect of the change must be detailed in a separate line for each security.
Date of the change - all changes of the same type, in the same security, executed on the same day, shall be summarized in one line. For this matter - changes executed via the stock exchange clearing house must be separated from those executed directly in the company's books.
The change – for a decrease, the sign “-” must be added.
In all quantity fields, the quantity of securities must be filled in and not NIS par value.

A change has occurred only in the register of holders of the corporation's securities (without a change in the number of the corporation's securities) as a result of:

Description of the nature of the change

Explanation: All details of the transaction or action which caused the change in the register must be described.

Name of registered holder in respect of whom the change has occurred: ____

Type of identifying number: _ Identifying number: _

Date of change: _ Executed via the stock exchange clearing house: _

Type and name of security in which change has occurred: ____

Security No. on the stock exchange: ____

Amount of change: ____

Balance of the holder in this security after the change: ____

Main points of the shareholders' register as of the report date are as follows:

No.	Name of registered shareholder	Type of identifying number	Identifying number	Security number on the stock exchange	Type of shares and their par value	Number of shares	Whether holds the shares as trustee
1	Mizrahi Tefahot Company for Registration Ltd.	Number in the Israeli Companies Register	510422249	1080985	Ordinary shares of NIS 1 par value	60,023,729	No
2	Yehuda Bar Lev	Identity card number	64837198	1080985	Ordinary shares of NIS 1 par value	1	No

Attached is a file of the shareholders' register in accordance with the provisions of Section 130 of the Companies Law, 5759 - 1999 ____
Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of BONDS holders Register of Isrotel securities 280226.isa.pdf

Details of the signatories authorized to sign on behalf of the corporation:

	Name of signatory	Position
1	Asaf Beck	Other
Legal Counsel, Company Secretary

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 – 1970), a report filed under these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the Authority's website: Click here.

Reference numbers of previous documents on the matter (the reference does not constitute incorporation by reference):

The corporation's securities are listed for trading on the Tel-Aviv Stock Exchange

Form structure update date: 06/08/2024

Short name: Isrotel

Address: HaMered 29, Tel Aviv6812511 Telephone: 03-5197777, 03-5197758Fax: 03-5104646

Email: [email protected]

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

Name of electronic reporter: Cohen MiritPosition: ControllerName of employing company: Isrotel Ltd.

Address: Yitzhak Sadeh8, Tel Aviv6777508Telephone: 03-5197700Fax: 03-5104646Email: [email protected]

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