Lapidoth Capital Ltd

Regulatory Filings • Aug 20, 2025

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.

20 August, 2025

LAPIDOTH CAPITAL LTD

("LAPIDOTH")

To:

Israel Securities Authority TEL AVIV STOCK EXCHANGE LTD

22 Kanfei Nesharim St. Jerusalem 95464

2 Ahuzat Bayit St. Tel Aviv 6525216

Dear Sir/Madam,

Immediate Report – Receipt of 12 Additional Water Drilling Sites from MEKOROT WATER COMPANY LTD

1. Further to section 3.4.2 of the chapter describing the corporation's business included in LAPIDOTH's annual reports as of 31.12.2024, as published on 20.3.2025 (reference 2025-01- 018617), which is incorporated herein by reference, LAPIDOTH is pleased to update on the receipt of a notice from MEKOROT WATER COMPANY LTD ("MEKOROT") stating that MEKOROT has allocated 12 additional drilling sites at various depths (the "additional drillings") to be added to the package of drillings already allocated to the subsidiary DANYA CEBUS LTD. ("DANYA") and to LAPIDOTH.

According to LAPIDOTH's assessment, the estimated total receipts from the additional drillings amount to approximately NIS 150 million, which will be paid over a period of about 3 years, subject to meeting various milestones.

LAPIDOTH has the capabilities, professional equipment, and expert workforce, and possesses unique experience and knowledge in Israel for deep water well drilling. Accordingly, pursuant to the agreements between LAPIDOTH and DANYA, the works subject to the tender are carried out in full by LAPIDOTH as a significant subcontractor of DANYA, in consideration for the receipts from MEKOROT for the works, less a certain percentage.

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.

LAPIDOTH's assessments and forecasts regarding the expected receipts and period constitute forward-looking information as defined in the Securities Law, 1968, based on information available to LAPIDOTH. These assessments and forecasts may not materialize or may materialize in a materially different manner, inter alia, due to reasons not dependent on LAPIDOTH and which LAPIDOTH cannot foresee at the time of reporting, including developments in the additional drillings.

Respectfully,

LAPIDOTH CAPITAL LTD By Eyal Palti, Legal Advisor