Malam-Team Ltd. — M&A Activity 2026

May 25, 2026

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. .

May 25, 2026

Malam-Team Ltd. ("the Company")

To

The Tel Aviv Stock Exchange Ltd.

2 Ahuzat Bayit Street

Tel Aviv - Yafo

To

The Israel Securities Authority

22 Kanfei Nesharim Street

Jerusalem

Dear Sir/Madam,

Subject: Results of a full exchange tender offer for the Company's shares

Further to the shelf offering report which also constitutes a full tender offer specification by way of an exchange tender offer in accordance with Section 336 of the Companies Law, 5759-1999 ("Companies Law") and "Tender Offer", as applicable), published by the controlling shareholder in the Company, Malam-Team Holdings Ltd. ("the Offeror") on April 27, 2026 (reference number: 2026-01-038368) for the purchase of 7,561,526 ordinary shares of the Company in exchange for the issuance of ordinary shares of the Offeror (0.555 ordinary shares of NIS 1 par value of the Offeror for each ordinary share of the Company to be purchased by the Offeror), the Company is pleased to update that on May 25, 2026, the Offeror published an immediate report regarding the results of the Tender Offer, according to which the condition set for performing a forced sale under Section 337(a) of the Companies Law was not met, and therefore the Tender Offer was not accepted and no shares will be purchased.

Respectfully,

Malam-Team Ltd.

By: Ilan Toker, Co-CEO

and Senior Finance Officer

5/25/2026 | 2:00:55 PM | v1.2.5