Max Stock Ltd. — Director's Dealing 2025

Oct 21, 2025

MAX STOCK LTD.

Registration Number: 513618967

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T076 (Public) Sent via MAGNA: 21/10/2025 ISA Website: www.isa.gov.il TASE Website: www.tase.co.il Reference: 2025-01-078363

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting changes in holdings of securities of the reporting corporation only. For reporting changes in holdings of securities of a subsidiary of the reporting corporation, if its activity is material to the activity of the reporting corporation, use Form T121.

• Name of Corporation/Holder: Dagan Nir
• Name in English (as registered): Dagan Nir
• Type of Identification Number: Identity Card Number
• Holder's Identification Number: 043376904
• Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative to the company's board? _________
• Is the holder a representative for reporting purposes of several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID of controlling shareholder in the interested party: -
• Citizenship/ Country of incorporation or registration: Private individual with Israeli citizenship
• Country of citizenship / incorporation or registration: _________
• Security number on the stock exchange: 1171263
• Name and type of security: MAX STOCK LTD. Warrant 2020 Option for Share
• Nature of change: Decrease, Other
• Details: Exercise of warrants
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 20/10/2025
• Transaction price: 123.45 agorot
• Are these dormant shares or securities convertible to dormant shares: No
• Balance (number of securities) in last report: 21,487
• Holding percentage of total securities of same type in last report: 2.20%
• Change in number of securities: -2,500
• Current balance (number of securities): 18,987
• Current holding percentage of total securities of same type: 1.96%
• Holding percentage after change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.
• Holding percentage after change on full dilution: In capital: 0.01% In voting rights: 0.01%

• Note number: _________

• Name of Corporation/Holder: Dagan Nir

• Name in English (as registered): Dagan Nir
• Type of Identification Number: Identity Card Number
• Holder's Identification Number: 043376904
• Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative to the company's board? _________
• Is the holder a representative for reporting purposes of several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID of controlling shareholder in the interested party: -
• Citizenship/ Country of incorporation or registration: Private individual with Israeli citizenship
• Country of citizenship / incorporation or registration: _________
• Security number on the stock exchange: 1168558
• Name and type of security: MAX STOCK LTD. Ordinary Share
• Nature of change: Increase, Other
• Details: Exercise of warrants
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 20/10/2025
• Transaction price: 2,440 agorot
• Are these dormant shares or securities convertible to dormant shares: No
• Balance (number of securities) in last report: 0
• Holding percentage of total securities of same type in last report: 0%
• Change in number of securities: +2,367
• Current balance (number of securities): 2,367
• Current holding percentage of total securities of same type: 0%
• Holding percentage after change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.
• Holding percentage after change on full dilution: In capital: 0.01% In voting rights: 0.01%

• Note number: _________

• Name of Corporation/Holder: Dagan Nir

• Name in English (as registered): Dagan Nir
• Type of Identification Number: Identity Card Number
• Holder's Identification Number: 043376904
• Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative to the company's board? _________
• Is the holder a representative for reporting purposes of several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID of controlling shareholder in the interested party: -
• Citizenship/ Country of incorporation or registration: Private individual with Israeli citizenship
• Country of citizenship / incorporation or registration: _________
• Security number on the stock exchange: 1168558
• Name and type of security: MAX STOCK LTD. Ordinary Share
• Nature of change: Decrease, Other
• Details: Due to sale on the stock exchange
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 20/10/2025
• Transaction price: 2,440 agorot
• Are these dormant shares or securities convertible to dormant shares: No
• Balance (number of securities) in last report: 2,367
• Holding percentage of total securities of same type in last report: 0%
• Change in number of securities: -2,367
• Current balance (number of securities): 0
• Current holding percentage of total securities of same type: 0%
• Holding percentage after change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.
• Holding percentage after change on full dilution: In capital: 0.01% In voting rights: 0.01%

• Note number: _________

• Name of Corporation/Holder: Cohen Shlomo

• Name in English (as registered): Cohen Shlomo
• Type of Identification Number: Identity Card Number
• Holder's Identification Number: 033750035
• Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative to the company's board? _________
• Is the holder a representative for reporting purposes of several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID of controlling shareholder in the interested party: -
• Citizenship/ Country of incorporation or registration: Private individual with Israeli citizenship
• Country of citizenship / incorporation or registration: _________
• Security number on the stock exchange: 1171263
• Name and type of security: MAX STOCK LTD. Warrant 2020 Option for Share
• Nature of change: Decrease, Other
• Details: Exercise of warrants
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 20/10/2025
• Transaction price: 123.45 agorot
• Are these dormant shares or securities convertible to dormant shares: No
• Balance (number of securities) in last report: 95,195
• Holding percentage of total securities of same type in last report: 9.69%
• Change in number of securities: -2,195
• Current balance (number of securities): 93,000
• Current holding percentage of total securities of same type: 9.59%
• Holding percentage after change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.
• Holding percentage after change on full dilution: In capital: 0.07% In voting rights: 0.07%

• Note number: _________

• Name of Corporation/Holder: Cohen Shlomo

• Name in English (as registered): Cohen Shlomo
• Type of Identification Number: Identity Card Number
• Holder's Identification Number: 033750035
• Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative to the company's board? _________
• Is the holder a representative for reporting purposes of several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID of controlling shareholder in the interested party: -
• Citizenship/ Country of incorporation or registration: Private individual with Israeli citizenship
• Country of citizenship / incorporation or registration: _________
• Security number on the stock exchange: 1168558
• Name and type of security: MAX STOCK LTD. Ordinary Share
• Nature of change: Increase, Other
• Details: Exercise of warrants
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 20/10/2025
• Transaction price: 2,450 agorot
• Are these dormant shares or securities convertible to dormant shares: No
• Balance (number of securities) in last report: 0
• Holding percentage of total securities of same type in last report: 0%
• Change in number of securities: +2,078
• Current balance (number of securities): 2,078
• Current holding percentage of total securities of same type: 0%
• Holding percentage after change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.
• Holding percentage after change on full dilution: In capital: 0.07% In voting rights: 0.07%

• Note number: _________

• Name of Corporation/Holder: Cohen Shlomo

• Name in English (as registered): Cohen Shlomo
• Type of Identification Number: Identity Card Number
• Holder's Identification Number: 033750035
• Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative to the company's board? _________
• Is the holder a representative for reporting purposes of several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID of controlling shareholder in the interested party: -
• Citizenship/ Country of incorporation or registration: Private individual with Israeli citizenship
• Country of citizenship / incorporation or registration: _________
• Security number on the stock exchange: 1168558
• Name and type of security: MAX STOCK LTD. Ordinary Share
• Nature of change: Decrease, Other
• Details: Due to sale on the stock exchange
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 20/10/2025
• Transaction price: 2,450 agorot
• Are these dormant shares or securities convertible to dormant shares: No
• Balance (number of securities) in last report: 2,078
• Holding percentage of total securities of same type in last report: 0%
• Change in number of securities: -2,078
• Current balance (number of securities): 0
• Current holding percentage of total securities of same type: 0%
• Holding percentage after change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.
• Holding percentage after change on full dilution: In capital: 0.07% In voting rights: 0.07%
• Note number: _________

Note: If the value of increase is due to a forced purchase of loaned securities or the value of decrease is due to a forced sale of loaned securities, then loaned securities not returned to the lender, and thus the lending action became a forced purchase and the lending action a forced sale.

Notes Table

No.	Note
1

1. Was the entire consideration paid at the time of the change? Yes

If not, please specify the date of completion of payment: _________

1. If the change is by signing a loan agreement, please specify details regarding the termination of the loan: _________

Explanation: Please specify the holding percentages taking into account all securities held by the interested party.

• 1. Date and time the corporation first became aware of the event or matter: 20/10/2025 at 18:03
• 1. Details of actions that caused the change: _________

Details of authorized signatories on behalf of the corporation:

No.	Name of Signatory	Position
1	Yifat Nir Katz	Other: Deputy CEO, Chief Legal Counsel, and Company Secretary

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

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange

Short name: MAX STOCK LTD.

Address: Hashita 16, P.O. Box 3594, Caesarea 3089900

Phone: 073-7695176

Fax: 04-8241792

Email: ifat@maxstock.co.il

Company website: www.maxstock.co.il

Previous names of the reporting entity: Max Management Israel Ltd.

Name of electronic reporter: Katz Yifat

Position: Legal Advisor and Company Secretary

Employer company name:

Address: Hashita 16, Caesarea 3088900

Phone: 054-4909365

Fax: 04-8241792

Email: ifat@maxstock.co.il