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Max Stock Ltd.

Major Shareholding Notification Dec 22, 2025

6906_rns_2025-12-22_2c6bccc0-e6fc-499d-8b9d-de586f63f5e2.pdf

Major Shareholding Notification

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MAX STOCK LTD.

Registrar number: 513618967

To: Securities Authority

To: Tel-Aviv Stock Exchange Ltd.

Form No.: T076 (Public) Sent via MAGNA: 22/12/2025

ISA: www.isa.gov.il TASE: www.tase.co.il

Reference: 2025-01-101885

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 entity only. For reporting changes in securities holdings of a significant subsidiary, use Form T121.

1. Holder Details

דגן ניר :(Hebrew (Name Name (English): Dagan Nir ID Type: Identity Card Number ID Number: 043376904

Holder Type: Senior officer who is not a CEO or director and not a controlling shareholder by holdings

Hedge fund has the right to appoint a director or representative on the company's board: _________

Is the holder a representative for reporting on several shareholders holding securities together? No

Name of controlling shareholder in the interested party: -

ID of controlling shareholder in the interested party: -

Citizenship / Country of registration: Private individual with Israeli citizenship

Country of citizenship / registration: _________

Security Number: 1171263

Name and type of security: Max Stock AOP2020 - Warrant for share

Type of change: Decrease, Other Details: Exercise of warrants

Transaction type: Single transaction

Date of change: 21/12/2025 Transaction rate: 123.45 agorot

Are they dormant shares or securities convertible to dormant shares? No

Previous balance (quantity): 2,000

Previous holding percentage (of same type): 0.22%

Change in securities quantity: -500 Current balance (quantity): 1,500

Current holding percentage (of same type): 0.16%

Holding after the change (capital): 0% Holding after the change (voting rights): 0%

Explanation: Holding percentage after change does not include convertible securities.

Holding after full dilution (capital): 0% Holding after full dilution (voting rights): 0%

Note number: _________

2. Holder Details

דגן ניר :(Hebrew (Name Name (English): Dagan Nir ID Type: Identity Card Number ID Number: 043376904

Holder Type: Senior officer who is not a CEO or director and not a controlling shareholder by holdings

Hedge fund has the right to appoint a director or representative on the company's board: _________

Is the holder a representative for reporting on several shareholders holding securities together? No

Name of controlling shareholder in the interested party: - ID of controlling shareholder in the interested party: -

Citizenship / Country of registration: Private individual with Israeli citizenship

Country of citizenship / registration: _________

Security Number: 1168558

Name and type of security: Max Stock - Ordinary Share

Type of change: Increase, Other Details: Exercise of warrants

Transaction type: Single transaction

Date of change: 21/12/2025 Transaction rate: 2,508 agorot

Are they dormant shares or securities convertible to dormant shares? No

Previous balance (quantity): 0

Previous holding percentage (of same type): 0%

Change in securities quantity: +475 Current balance (quantity): 475

Current holding percentage (of same type): 0%

Holding after the change (capital): 0% Holding after the change (voting rights): 0%

Explanation: Holding percentage after change does not include convertible securities.

Holding after full dilution (capital): 0% Holding after full dilution (voting rights): 0%

Note number: _________

3. Holder Details

דגן ניר :(Hebrew (Name Name (English): Dagan Nir ID Type: Identity Card Number ID Number: 043376904

Holder Type: Senior officer who is not a CEO or director and not a controlling shareholder by holdings

Hedge fund has the right to appoint a director or representative on the company's board: _________

Is the holder a representative for reporting on several shareholders holding securities together? No

Name of controlling shareholder in the interested party: -

ID of controlling shareholder in the interested party: - Citizenship / Country of registration: Private individual with Israeli citizenship

Country of citizenship / registration: _________

Security Number: 1168558

Name and type of security: Max Stock - Ordinary Share

Type of change: Decrease, Other

Details: Due to sale on the stock exchange Transaction type: Single transaction

Date of change: 21/12/2025 Transaction rate: 2,508 agorot

Are they dormant shares or securities convertible to dormant shares? No

Previous balance (quantity): 475

Previous holding percentage (of same type): 0%

Change in securities quantity: -475 Current balance (quantity): 0

Current holding percentage (of same type): 0%

Holding after the change (capital): 0% Holding after the change (voting rights): 0%

Explanation: Holding percentage after change does not include convertible securities.

Holding after full dilution (capital): 0% Holding after full dilution (voting rights): 0%

Note number: _________

Note: A purchase or sale of shares on the exchange by means of a matched transaction, as defined in the third part of the exchange's articles, will be classified as an off-exchange transaction, with appropriate disclosure in the free text field that the transaction was made in this way.

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 increase value is chosen due to a forced purchase of loaned securities or decrease value due to a forced sale of loaned securities, then securities that were not returned to the lender and thus the lending became a forced purchase and the loan a forced sale.

Notes Table:

No. Note
1
1. Was full payment made at the time of the change? Yes
-- -- -- --------------------------------------------------------- -- -- -- -- -- --

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

  1. If the change was by signature on a lending agreement, please specify details about the termination of the loan: _________

Explanation: Please state the holding percentages considering all securities held by the interested party.

    1. Date and time the corporation first learned of the event or matter: 21/12/2025 at 17:07
    1. Details of actions that caused the change:

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

No. Signer Name Role
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 must be signed by those authorized to sign on behalf of the corporation. Staff opinion can be found on the Authority's website: Click here.

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

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.

Update date of form structure: 04/02/2025

Short Name: Max Stock

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

Phone: 073-7695176 Fax: 04-8241792

Email: [email protected]

Company Website: www.maxstock.co.il

Previous names of reporting entity: Max Management Israel Ltd.

Electronic reporter's name: Katz Yifat

Title: Legal Counsel and Secretary of the Company

Employer company name:

Address: Hashita 16, Caesarea 3088900

Phone: 054-4909365 Fax: 04-8241792

Email: [email protected]

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