Max Stock Ltd. — Board/Management Information 2026

Mar 17, 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.

Max Stock Ltd.
Number in the Registrar: 513618967
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. T094 (Public ) Filed via MAGNA: 17/03/2026
www.isa.gov.il www.tase.co.il Reference: 2026-01-023581
Corrective report to a flawed report that was sent on the date 15/03/2026 whose reference number is: 2026-01-022691
The flaw:	It was stated that the resignation is not associated with circumstances
Reason for the flaw:	Position of the company
Main points of the correction:	At the request of the Israel Securities Authority, the company is correcting this report and changing in section 4 that the retirement is associated with circumstances and is detailing the main circumstances of the resignation.

Immediate report regarding a senior officer who has ceased to serve in his position

Regulation 34(a) of the Securities Regulations (Periodic and Immediate Reports), 1970

Explanation: In accordance with Regulation 34(d) of the Securities Regulations (Periodic and Immediate Reports), 1970, together with the submission of this form, a list of senior officers must be submitted within Form T097

Reference numbers of previous reports on the subject: __, _, ___.

1. First name: Erez

Corporation name/ Last name: Nahum

Corporation name/ Last name and first name in English: Nahum Erez

Type of identification number: Identity card number

Identification number: 043245190

Citizenship/ Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: _____

1. Position that he ceased to fill:

1 Regular director

Explanation: The following details must be filled in if he ceased to serve as a director appointed on behalf of a corporation which is a director

Name of the corporate director that appointed the individual: _____
Type of identification number: _____
Identification number: _____
Citizenship/ Country of incorporation or registration: _____
Country of citizenship / incorporation or registration: _____

1. Date on which he ceased or will cease to serve: 15/03/2026 Date of commencement of tenure: _____

2. To the best of the corporation's knowledge, the retirement is: Associated with circumstances that should be brought to the attention of the holders of the corporation's securities

As part of the notice of the director, Mr. Erez Nahum, regarding the end of his tenure as a director of the company, Mr. Nahum claimed that he is resigning from his position for the following reasons: First, as part of a dispute between him and the Apax Global Fund, Apax Israel (together shall be referred to as the "Apax Funds") and Ms. Zehavit Cohen, the Chairperson of the Board of Directors, in her capacity as CEO of Apax Israel (the "Dispute"), the Chairperson of the Board, according to him, misused her position as Chairperson in that the Apax Funds and the Chairperson of the Board prevented him from participating in a meeting of the company's Board of Directors in January 2026, and that, according to him, the resolutions adopted at the meeting are void as a result. Second, after the aforementioned meeting, Mr. Nahum requested documents and information from the company and, according to him, received only a partial response to his request. In these circumstances, Mr. Nahum claims, the company breached the corporate governance rules applicable to it. The company clarifies and emphasizes that the director's claims detailed above were examined and thoroughly reviewed, including with its legal counsel as well as within a dedicated discussion at a meeting of the company's Board of Directors held in February 2026, in the absence of Mr. Nahum and the Chairperson of the Board, and that the Board of Directors did not find Mr. Nahum's claims to be correct or justified. The company's Board of Directors determined at that meeting that Mr. Nahum's demands stem from a personal interest arising from the Dispute and are not for the benefit of the company, and therefore the company does not accede to them. The company is not a party to the Dispute and does not intend to take any part in it.

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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.

It is clarified that the company and/or anyone on its behalf, including the Chairperson of the Board and the other officers and directors of the company, did not prevent Mr. Nahum from participating in the meeting and did not breach the corporate governance rules..

Explanation: If the retirement is associated with circumstances that should be brought to the attention of the holders of the corporation's securities, details must be provided.

1. Manner of termination of tenure: Resignation

2. Position he continues to serve in the corporation: Does not serve in any position in the corporation

Does he continue to serve as a senior officer in the company No

Explanation: If he serves as an authorized electronic signatory and his title has been changed – this must be reported on Form T300. If he does not serve in any position in the corporation – this must be reported on Form T301 in parallel.

1. Was the director a member of a board committee No,

Name of the committee

1. Will the senior officer continue after his retirement to be an interested party by virtue of holdings: No/ By virtue of being a senior officer as required in Regulation 33(h) of the Securities Regulations (Periodic and Immediate Reports), 1970 No

2. Did the company regard the retiring director as having accounting and financial expertise? Yes

3. Following is the text of the notice of resignation of an external director and the reasons for the resignation:

Expansion

Expansion: To be completed only in the case of the resignation of an external director.

1. Did the company regard the retiring director as an independent director? No

Has the proportion of independent directors serving on the board decreased from the proportion of independent directors required according to the provision in the Articles of Association regarding the independence of the board? __

Despite the retirement, is there still a majority of independent directors

1. The date and time on which the corporation first became aware of the event or matter that is the subject of the report: On the date: 15/03/2026At the time: 10:17

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

	Name of signatory	Position
1	Ifat Nir Katz	Other Vice President, Chief Legal Counsel and Corporate Secretary

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

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

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange	Date of last form structure update: 06/08/2024
Short name: Max Stock
Address: HaShita16, P.O.B. 3594 , Caesarea3089900 Telephone: 073-7695176 , Fax: 04-8241792
Email: ifat@maxstock.co.il Company website:www.maxstock.co.il
Previous names of reporting entity: Max Hanhala Israel Ltd.
Name of electronic filer: Katz IfatPosition: Vice President, Legal Counsel and Corporate SecretaryName of employing company:
Address: HaShita16 , Caesarea3088900Telephone: 054-4909365Fax: 04-8241792Email: ifat@maxstock.co.il