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Max Stock Ltd.

Major Shareholding Notification Dec 17, 2025

6906_rns_2025-12-17_934fa4aa-f026-4f1f-bd67-edc26b710134.pdf

Major Shareholding Notification

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(מקס סטוק בע"מ) .LTD STOCK MAX

Registry number: 513618967

To:

Israel Securities Authority (www.isa.gov.il)

Tel Aviv Stock Exchange Ltd. (www.tase.co.il)

Form number: T076 (Public)

Date sent via MAGNA: 17/12/2025

Reference: 2025-01-100638

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 for reporting changes in holdings of securities of the reporting corporation only. For reporting changes in holdings of securities of a company held by the reporting corporation whose activity is material to the activity of the reporting corporation, use form T121.

1. Holder Details

  • Name of Corporation/surname and first name of the holder: Dagan Nir (ניר דגן(
  • Name in English (as registered): Dagan Nir
  • Type of identification number: ID number
  • Identification number: 043376904
  • Type of holder: Senior officer who is not CEO or director and not an interested party by virtue of holdings
  • Does the hedge fund have the right to appoint a director or its representative in the company's board? _________
  • Is the holder a representative for reporting for several shareholders who hold securities together with him? No
  • Name of controlling shareholder in the interested party: -
  • ID number of controlling shareholder in the interested party: -
  • Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship
  • Country of citizenship / incorporation / registration: _________

2. Security Details

  • Stock Exchange security number: 1171263
  • Name and type of security: MAX STOCK AP2020 Warrant for Share (למניה אופציה 2020אפ סטוק מקס(
  • Nature of change: Decrease | Other
  • Details: Exercise of warrants
  • Note: Purchase or sale of shares on the stock exchange by means of a matched transaction, as defined in the third part of the stock exchange bylaws, shall be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was performed in this way.
  • Is this a change in a single transaction or several transactions (cumulative change)? One transaction
  • Date of change: 16/12/2025
  • Transaction price: 123.45 agorot
  • Are these dormant shares or securities convertible to dormant shares? No
  • Balance (number of securities) in last report: 5,987
  • Percentage of holding of all securities of that type in last report (%): 0.63
  • Change in quantity of securities: 1,000 -
  • Current balance (number of securities): 4,987
  • Current holding percentage of all securities of that type (%): 0.53
  • Holding percentage after the change: In equity: 0; In voting rights: 0
  • Explanation: The holding percentage after the change does not refer to convertible securities.
  • Holding after the change in full dilution: In equity (%): 0; In voting rights (%): 0
Note number:

3. Holder Details

  • Name of Corporation/surname and first name of the holder: Dagan Nir (ניר דגן(
  • Name in English (as registered): Dagan Nir
  • Type of identification number: ID number
  • Identification number: 043376904
  • Type of holder: Senior officer who is not CEO or director and not an interested party by virtue of holdings
  • Does the hedge fund have the right to appoint a director or its representative in the company's board? _________
  • Is the holder a representative for reporting for several shareholders who hold securities together with him? No
  • Name of controlling shareholder in the interested party: -
  • ID number of controlling shareholder in the interested party: -
  • Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship
  • Country of citizenship / incorporation / registration: _________

4. Security Details

  • Stock Exchange security number: 1168558
  • Name and type of security: MAX STOCK Ordinary Share (רגילה מניה סטוק מקס(
  • Nature of change: Increase | Other
  • Details: Exercise of warrants
  • Note: Purchase or sale of shares on the stock exchange by means of a matched transaction, as defined in the third part of the stock exchange bylaws, shall be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was performed in this way.
  • Is this a change in a single transaction or several transactions (cumulative change)? One transaction
  • Date of change: 16/12/2025 Transaction price: 2,475 agorot
  • Are these dormant shares or securities convertible to dormant shares? No
  • Balance (number of securities) in last report: 0
  • Percentage of holding of all securities of that type in last report (%): 0
  • Change in quantity of securities: 949 +
  • Current balance (number of securities): 949
  • Current holding percentage of all securities of that type (%): 0
  • Holding percentage after the change: In equity: 0; In voting rights: 0
  • Explanation: The holding percentage after the change does not refer to convertible securities.
  • Holding after the change in full dilution: In equity (%): 0; In voting rights (%): 0
Note number:

5. Holder Details

  • Name of Corporation/surname and first name of the holder: Dagan Nir (ניר דגן(
  • Name in English (as registered): Dagan Nir
  • Type of identification number: ID number
  • Identification number: 043376904
  • Type of holder: Senior officer who is not CEO or director and not an interested party by virtue of holdings
  • Does the hedge fund have the right to appoint a director or its representative in the company's board? _________
  • Is the holder a representative for reporting for several shareholders who hold securities together with him? No
  • Name of controlling shareholder in the interested party: -
  • ID number of controlling shareholder in the interested party: -
  • Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship
  • Country of citizenship / incorporation / registration: _________

6. Security Details

  • Stock Exchange security number: 1168558
  • Name and type of security: MAX STOCK Ordinary Share (רגילה מניה סטוק מקס(
  • Nature of change: Decrease | Other
  • Details: Due to sale on the stock exchange
  • Note: Purchase or sale of shares on the stock exchange by means of a matched transaction, as defined in the third part of the stock exchange bylaws, shall be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was performed in this way.
  • Is this a change in a single transaction or several transactions (cumulative change)? One transaction
  • Date of change: 16/12/2025 Transaction price: 2,475 agorot
  • Are these dormant shares or securities convertible to dormant shares? No
  • Balance (number of securities) in last report: 949
  • Percentage of holding of all securities of that type in last report (%): 0
  • Change in quantity of securities: 949 -
  • Current balance (number of securities): 0
  • Current holding percentage of all securities of that type (%): 0
  • Holding percentage after the change: In equity: 0; In voting rights: 0
  • Explanation: The holding percentage after the change does not refer to convertible securities.
  • Holding after the change in full dilution: In equity (%): 0; In voting rights (%): 0
Note number:

Note: If an increase is noted due to a forced purchase of borrowed securities or a decrease is noted due to a forced sale of borrowed securities, then the borrowed securities that were not returned to the lender, making the lending a forced purchase and the lending action a forced sale.

Explanatory Notes Table

No. Note
1
1. Was the full consideration paid on the date of the change? Yes
-- -- -- -- ------------------------------------------------------------------- -- -- -- -- -- -- -- --

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

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

Explanation: Indicate the holding rates considering all securities held by the interested party.

  1. The date and time the corporation first became aware of the event or matter: 16/12/2025

At time: 18:32

  1. Detailed description of actions that caused the change: _________

Details of the Authorized Signatories on Behalf of the Corporation

No. Signatory Name Role
1 Yifat Nir Katz Other: Deputy CEO, Chief Legal Counsel and Corporate Secretary

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

Additional Information

Short name: MAX STOCK

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

Phone: 073-7695176 Fax: 04-8241792

Email: [email protected]

Company website: www.maxstock.co.il

Previous names of the reporting entity: MAX Management Israel Ltd. (מ"בע ישראל הנהלה מקס(

Electronic reporter name: Katz Yifat

Role: Legal Counsel and Corporate Secretary

Employer company name:

Address: 16 Hashita St., Caesarea, 3088900

Phone: 054-4909365 Fax: 04-8241792

Email: [email protected]

Securities of the corporation are listed on the Tel Aviv Stock Exchange.

Date of form structure update: 04/02/2025

Note: This is a translation of the official immediate report as submitted in Hebrew.

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