Keystone Infra Ltd.

Regulatory Filings • Dec 29, 2025

This is an English translation of a Hebrew immediate report of the Company (as defined below), that was published on December 29, 2025 (Reference No.:2025-01-104611) (the "Hebrew Version"). This English version is voluntary and only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

Re: Completion of refinancing of the senior debt for the acquisition of Egged shares

Further to the Company's immediate report dated 24 December 2025 (Ref. 2025-01-103125), the Company hereby respectfully updates that on 29 December 2025, Keystone Fund – Egged Partnership, Limited Partnership (the "Partnership"), completed the refinancing of the senior debt for the acquisition of Egged shares in the sum total of ~ILS 1.47 billion, following the provision of all required collateral and the satisfaction of all conditions precedent as required under the Agreement. In addition, the loan facility for financing the Partnership's acquisition of the option shares in the sum total of ~ILS 280 million became effective, and an early and full prepayment of the entire outstanding balance of all of the Partnership's previous loans was made*.

* As specified in Section 17.5 of the Company's 2024 periodic report, which was released on 27 March 2025 (Ref. 2025-01-02109), the details included in which are incorporated herein by reference.