Max Stock Ltd.

Major Shareholding Notification • Oct 15, 2025

MAX STOCK LTD.

Registry Number: 513618967

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T076 (Public) Sent via MAGNA: 15/10/2025

Israel Securities Authority Website: www.isa.gov.il Tel Aviv Stock Exchange Website: www.tase.co.il

Reference: 2025-01-075092

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.

1

• 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 for several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• Identification number 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
• Other (free text): Exercise of warrants
• Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was carried out in this way.
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 12/10/2025
• Transaction rate: 123.45 agorot
• Are these dormant shares or securities convertible into dormant shares: No
• Balance (number of securities) in the last report: 97,695
• Holding percentage of total securities of the same type in the last report: 9.84%
• Change in number of securities: -2,500
• Current balance (number of securities): 95,195
• Current holding percentage of total securities of the same type: 9.69%
• Holding percentage after the change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0.07% In voting rights: 0.07%

• 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 for several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• Identification number 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
• Other (free text): Exercise of warrants
• Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was carried out in this way.
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 12/10/2025
• Transaction rate: 2,330.79 agorot
• Are these dormant shares or securities convertible into dormant shares: No
• Balance (number of securities) in the last report: 0
• Holding percentage of total securities of the same type in the last report: 0%
• Change in number of securities: +2,363
• Current balance (number of securities): 2,363
• Current holding percentage of total securities of the same type: 0%
• Holding percentage after the change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0.07% In voting rights: 0.07%

• 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 for several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• Identification number 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
• Other (free text): Due to sale on the stock exchange
• Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was carried out in this way.
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 12/10/2025
• Transaction rate: 2,330.79 agorot
• Are these dormant shares or securities convertible into dormant shares: No
• Balance (number of securities) in the last report: 2,363
• Holding percentage of total securities of the same type in the last report: 0%
• Change in number of securities: -2,363
• Current balance (number of securities): 0
• Current holding percentage of total securities of the same type: 0%
• Holding percentage after the change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0.07% In voting rights: 0.07%

• Name of corporation/holder: Edri Ofir
• Name in English (as registered): Edri Ofir
• Type of identification number: Identity card number
• Holder's identification number: 040490039
• 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 for several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• Identification number 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
• Other (free text): Exercise of warrants
• Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was carried out in this way.
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 12/10/2025
• Transaction rate: 123.45 agorot
• Are these dormant shares or securities convertible into dormant shares: No
• Balance (number of securities) in the last report: 74,326
• Holding percentage of total securities of the same type in the last report: 7.49%
• Change in number of securities: -2,327
• Current balance (number of securities): 71,999
• Current holding percentage of total securities of the same type: 7.33%
• Holding percentage after the change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0.05% In voting rights: 0.05%

• Name of corporation/holder: Edri Ofir
• Name in English (as registered): Edri Ofir
• Type of identification number: Identity card number
• Holder's identification number: 040490039
• 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 for several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• Identification number 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
• Other (free text): Exercise of warrants
• Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was carried out in this way.
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 12/10/2025
• Transaction rate: 2,366 agorot
• Are these dormant shares or securities convertible into dormant shares: No
• Balance (number of securities) in the last report: 0
• Holding percentage of total securities of the same type in the last report: 0%
• Change in number of securities: +2,200
• Current balance (number of securities): 2,200
• Current holding percentage of total securities of the same type: 0%
• Holding percentage after the change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0.05% In voting rights: 0.05%

• Name of corporation/holder: Edri Ofir
• Name in English (as registered): Edri Ofir
• Type of identification number: Identity card number
• Holder's identification number: 040490039
• 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 for several shareholders holding together securities of the corporation? No
• Name of controlling shareholder in the interested party: -
• Identification number 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, Due to sale on the stock exchange
• Other (free text): _________
• Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was carried out in this way.
• Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction
• Date of change: 12/10/2025
• Transaction rate: 2,366 agorot
• Are these dormant shares or securities convertible into dormant shares: No
• Balance (number of securities) in the last report: 2,200
• Holding percentage of total securities of the same type in the last report: 0%
• Change in number of securities: -2,200
• Current balance (number of securities): 0
• Current holding percentage of total securities of the same type: 0%
• Holding percentage after the change: In capital: 0% In voting rights: 0%
• Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0.05% In voting rights: 0.05%

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 that were not returned to the lender and thus the lending action became a forced purchase and the lending action a forced sale.

Table of Notes

No.	Note
1

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

If not all the consideration was paid at the time of the change, please specify the date of completion of the payment: _________

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

Explanation: The holding percentages should be stated taking into account all securities held by the interested party.

• 1. The date and time the corporation first became aware of the event or matter: 12/10/2025 at 15:11
• 1. Details of the actions that caused the change: _________

Details of the authorized signatories on behalf of the corporation:

No.	Name	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 shall be signed by those authorized to sign on behalf of the corporation. The staff's position on the matter can be found on the Authority's website: Click here.

Previous reference numbers on the subject (the mention does not constitute inclusion by reference):

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

Form structure update date: 04/02/2025

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.

Electronic reporter's name: 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