Max Stock Ltd. — Director's Dealing 2026

Jan 23, 2026

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MAX STOCK LTD.

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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 only to report a change in holdings in the securities of the reporting corporation itself. To report a change in the securities of a held company whose business is material to the reporting corporation, use Form T121.

1. Holder

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Holder's Name (Hebrew): טליה ססלר Holder's Name (English): Sessler Talia

Type of Identification Number: Identity card number

Holder's ID Number: 032049355

• Type of Holder: Senior officer who is not the CEO or a director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative in the company's board? _________
• Is the holder serving as a representative for the reporting of several shareholders holding together with him/her securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID Number of controlling shareholder in the interested party: -
• Citizenship/Incorporation or Registration Country: Private individual with Israeli citizenship

Country: _________

Stock Exchange Security Number: 1171263

Name and type of security: MAX STOCK Warrant 2020 - Option for share

Nature of change: Decrease, Other

Free text: Exercise of options Change is in: One transaction Date of change: 22/01/2026 Transaction rate: 795.90 Agorot

Are these dormant shares or securities convertible into dormant shares? No

Previous balance (quantity of securities): 95,603

Previous holding percentage of total securities of the same type: 10.81%

Change in quantity of securities: -5,440

Current balance (quantity of securities): 90,163

Current holding percentage of total securities of the same type: 10.26%

Holding percentage after change in capital: 0%

Holding percentage after change in voting rights: 0%

Explanation: The holding percentage after the change does not relate to convertible securities.

Holding percentage after change on fully diluted basis in capital: 0.06%

In voting rights: 0.06%

Note number: 1

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2. Holder

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Holder's Name (Hebrew): טליה ססלר Holder's Name (English): Sessler Talia

Type of Identification Number: Identity card number

Holder's ID Number: 032049355

• Type of Holder: Senior officer who is not the CEO or a director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative in the company's board? _________
• Is the holder serving as a representative for the reporting of several shareholders holding together with him/her securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID Number of controlling shareholder in the interested party: -
• Citizenship/Incorporation or Registration Country: Private individual with Israeli citizenship

Country: _________

Stock Exchange Security Number: 1168558

Name and type of security: MAX STOCK Regular Share

Nature of change: Increase, Other

Free text: Exercise of options Change is in: One transaction Date of change: 22/01/2026 Transaction rate: 2,847.19 Agorot

Are these dormant shares or securities convertible into dormant shares? No

Previous balance (quantity of securities): 0

Previous holding percentage of total securities of the same type: 0%

Change in quantity of securities: +3,908

Current balance (quantity of securities): 3,908

Current holding percentage of total securities of the same type: 0%

Holding percentage after change in capital: 0%

Holding percentage after change in voting rights: 0%

Explanation: The holding percentage after the change does not relate to convertible securities.

Holding percentage after change on fully diluted basis in capital: 0.06%

In voting rights: 0.06%

Note number: 1

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3. Holder

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Holder's Name (Hebrew): טליה ססלר Holder's Name (English): Sessler Talia

Type of Identification Number: Identity card number

Holder's ID Number: 032049355

• Type of Holder: Senior officer who is not the CEO or a director and is not an interested party by virtue of holdings
• Does the hedge fund have the right to appoint a director or representative in the company's board? _________
• Is the holder serving as a representative for the reporting of several shareholders holding together with him/her securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• ID Number of controlling shareholder in the interested party: -
• Citizenship/Incorporation or Registration Country: Private individual with Israeli citizenship

Country: _________

Stock Exchange Security Number: 1168558

Name and type of security: MAX STOCK Regular Share

Nature of change: Decrease, Other

Free text: Due to sale on the stock exchange

Change is in: One transaction Date of change: 22/01/2026 Transaction rate: 2,847.19 Agorot

Are these dormant shares or securities convertible into dormant shares? No

Previous balance (quantity of securities): 3,908

Previous holding percentage of total securities of the same type: 0%

Change in quantity of securities: -3,908

Current balance (quantity of securities): 0

Current holding percentage of total securities of the same type: 0%

Holding percentage after change in capital: 0%

Holding percentage after change in voting rights: 0%

Explanation: The holding percentage after the change does not relate to convertible securities.

Holding percentage after change on fully diluted basis in capital: 0.06%

In voting rights: 0.06%

Note number: 1

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Note: If increase due to compulsory acquisition of borrowed securities or decrease due to compulsory sale of borrowed securities is chosen, borrowed securities not returned to the lender and, therefore, the lending action becomes a compulsory acquisition and the lending action a compulsory sale.

Table of notes

No.	Note
1	Ms. Talia Sessler held the subject securities as an employee before her appointment as a senior officer in the company onJanuary 1, 2026. For more details about the private offering, see the company's immediate report dated February 17, 2022(Reference No.: 2022-01-017052).

On January 1, 2026, Ms. Talia Sessler was appointed as a senior officer in the company and is not considered an interested party in the company by virtue of her holdings in the securities. For more details, see the list of senior officers as of January 1, 2026 (Reference No.: 2026-01-000510). |

• 1. Was all the consideration paid at the time of change? Yes
• 1. If not all the consideration was paid at the time of the change, please indicate the date of completion of the payment: _________
• 1. If the change is by way of agreement on a securities lending letter, please provide details regarding the completion method of the lending: _________

Explanation: The holding percentages should be indicated considering all securities held by the interested party.

• 1. Date and time the corporation first learned of the event or matter: 22/01/2026 at 18:39
• 1. Details of actions that led to the change: _________

Details of the authorized signatories on behalf of the corporation:

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No.	Name	Position
1	Yifat Nir Katz	Other (Deputy CEO, Chief Legal Counsel and Secretary of the Company)

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. The staff's position on the subject can be found on the Securities Authority's website: Click here.

Short name: MAX STOCK

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

Phone: 073-7695176 Fax: 04-8241792

Email: ifat@maxstock.co.il

Company website: www.maxstock.co.il

Previous names of reporting entity: MAX Management Israel Ltd.

Electronic reporter's name: Katz Yifat

Position: Deputy CEO, Legal Advisor & Company Secretary

Employer's name:

Address: Hashita 16, Caesarea 3088900

Phone: 054-4909365 Fax: 04-8241792

Email: ifat@maxstock.co.il

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

Form structure update date: 04/02/2025