Max Stock Ltd.

Major Shareholding Notification • Dec 18, 2025

MAX STOCK LTD.

Registry number: 513618967

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T076 (Public) Sent via MAGNA: 18/12/2025 ISA website: www.isa.gov.il TASE website: www.tase.co.il Reference: 2025-01-101066

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 for reporting a change in holdings of securities of the reporting corporation. To report a change in holdings of securities of a controlled company by the reporting corporation (if its activity is material to the corporation), use Form T121.

Name of Corporation / Last name and First name of Holder: Dagan Nir
ID Type: Identity Card Number
ID Number: 043376904
Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
The hedge fund has the right to appoint a director or representative to the company's board:
Is the holder serving as a representative for the reporting of a number of shareholders holding together securities of
the corporation: No
Name of controlling shareholder in the interested party: -
ID number of the controlling shareholder in the interested party: -
Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship
Country of citizenship / incorporation or registration:
Securities number on stock exchange: 1171263
Name and type of security: Max Stock Option 2020 - Option to Share
Nature of change: Decrease, Other
Details: Exercise of options
Note: Purchase or sale of shares on the exchange by means of a matched transaction, as defined in Part Three of the TASE
regulations, will be classified as an off-exchange transaction, together with disclosure in the free text field that the transaction was
conducted in this way.
Is the change in one transaction or multiple transactions (accumulated change): Multiple transactions
Date of change: 17/12/2025
Transaction rate: 123.45
Currency: Agorot (Ag')
Are the shares dormant or securities convertible to dormant shares: No
Balance (in number of securities) in last report: 4,987
Holding percentage of total securities of the same type in the last report (%): 0.53
Change in number of securities: -1,987
Current balance (in number of securities): 3,000
Current holding percentage of total securities of same type (%): 0.33
Holding percentage after change - Capital (%): 0
Holding percentage after change - Voting rights (%): 0
Explanation: The holding percentage after the change does not refer to convertible securities.
Holding percentage after change under full dilution - Capital (%): 0
Holding percentage after change under full dilution - Voting rights (%): 0

Number of note: _________

Name of Corporation / Last name and First name of Holder: Dagan Nir
ID Type: Identity Card Number
ID Number: 043376904
Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
The hedge fund has the right to appoint a director or representative to the company's board:
Is the holder serving as a representative for the reporting of a number of shareholders holding together securities of
the corporation: No
Name of controlling shareholder in the interested party: -
ID number of the controlling shareholder in the interested party: -
Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship
Country of citizenship / incorporation or registration:
Securities number on stock exchange: 1168558
Name and type of security: Max Stock Ordinary Share
Nature of change: Increase, Other
Details: Exercise of options
Note: Purchase or sale of shares on the exchange by means of a matched transaction will be classified as an off-exchange
transaction disclosure in the free text
Is the change in one transaction or multiple transactions (accumulated change): Multiple transactions
Date of change: 17/12/2025
Transaction rate: 2,497.5
Currency: Agorot (Ag')
Are the shares dormant or securities convertible to dormant shares: No
Balance (in number of securities) in last report: 0
Holding percentage of total securities of the same type in the last report (%): 0
Change in number of securities: +1,889
Current balance (in number of securities): 1,889
Current holding percentage of total securities of same type (%): 0
Holding percentage after change - Capital (%): 0
Holding percentage after change - Voting rights (%): 0
Explanation: The holding percentage after the change does not refer to convertible securities.
Holding percentage after change under full dilution - Capital (%): 0
Holding percentage after change under full dilution - Voting rights (%): 0

Number of note: _________

3 Name of Corporation / Last name and First name of Holder: Dagan Nir ID Type: Identity Card Number ID Number: 043376904 Type of Holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings The hedge fund has the right to appoint a director or representative to the company's board: _________ Is the holder serving as a representative for the reporting of a number of shareholders holding together securities of the corporation: No Name of controlling shareholder in the interested party: - ID number of the controlling shareholder in the interested party: - Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship Country of citizenship / incorporation or registration: _________ Securities number on stock exchange: 1168558 Name and type of security: Max Stock Ordinary Share Nature of change: Decrease, Other Details: Due to sale on the stock exchange Note: Purchase or sale of shares... matched transaction... Is the change in one transaction or multiple transactions (accumulated change): Multiple transactions Date of change: 17/12/2025 Transaction rate: 2,497.5 Currency: Agorot (Ag')

Are the shares dormant or securities convertible to dormant shares: No

Balance (in number of securities) in last report: 1,889

Holding percentage of total securities of the same type in the last report (%): 0

Change in number of securities: -1,889 Current balance (in number of securities): 0

Current holding percentage of total securities of same type (%): 0

Holding percentage after change - Capital (%): 0 Holding percentage after change - Voting rights (%): 0

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

Holding percentage after change under full dilution - Capital (%): 0 Holding percentage after change under full dilution - Voting rights (%): 0

Number of note: _________

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.

Note: If you select 'increase due to compulsory purchase of borrowed securities' or 'decrease due to compulsory sale of borrowed securities', then securities not returned to lender and thus the borrowing became compulsory purchase and the lending became compulsory sale.

#	Note
1

• 1. Was the full consideration paid at the time of the change: Yes
• If not, specify the date of completion of payment: _________
• 1. If the change is by signing a lending agreement, please specify details of how the lending ended:

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

• 1. Date and time the corporation first learned of the event or matter: 17/12/2025 at 18:03
• 1. Details of the actions that caused the change: _________

Details of authorized signatories on behalf of the corporation:

#	Signatory Name	Role
1	Yifat Nir Katz	Other: Deputy CEO, Chief Legal Counsel and Corporate Secretary

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.

Note: According to Regulation 5 of the Regulations on Periodic and Immediate Reports (1970), a report filed according to 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 Israel Securities Authority website: Click here.

Short Name: MAX STOCK

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

Phone: 073-7695176 Fax: 04-8241792

Email: ifat@maxstock.co.il Website: www.maxstock.co.il

Previous names of reporting entity: Max Management Israel Ltd.

Electronic signatory name: Katz Yifat

Position: Legal Advisor and Company Secretary

Employer company name: [blank]

Address: 16 Hashita Street, 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 updated on: 04/02/2025