Max Stock Ltd. — Share Issue/Capital Change 2025

Aug 4, 2025

MAX STOCK LTD.

Registration Number: 513618967

To: Israel Securities Authority To: TEL AVIV STOCK EXCHANGE LTD Form Number: T087 (Public) Filed on MAGNA: 04/08/2025 ISA Website: www.isa.gov.il TASE Website: www.tase.co.il Reference: 2025-01-057752

Capital Structure, Grant of Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change:

Exercise of non-tradable warrants according to the terms of the warrants.

Explanation: Please briefly describe the nature of the change.

Reference numbers of previous reports on the subject: _________, _________, _________.

1. The Corporation's Securities Position After the Change:

Name and Type of Security	Security Number on TASE	Quantity in Registered Capital	Issued and Paid-Up Capital	Quantity Registered in the Name of the Registration Company
Ordinary Share	1168558	12,342,994,475	Last Report: 143,221,458	143,227,466
			Current: 143,227,466
MAX STOCK Warrant 2022	1171263	0	Last Report: 1,132,956	0
			Current: 1,121,956

Explanation: All securities of the company must be detailed, including securities not listed for trading.

2. The Corporation Announces That:

From date: 01/07/2025 To date: 31/07/2025

A change occurred in the quantity and in the register of holders of the corporation's securities (including rights to purchase shares) as a result of:

Allocation of shares due to exercise of warrants.

Explanation: Please describe all details of the transaction or action that caused the change in the corporation's securities.

Details of the Change:

1. Registered Holder for Whom the Change Occurred:

2. Name: Altshuler Shaham Trusts Ltd.

3. Type of ID Number: Number in the Israeli Companies Registrar
4. ID Number: 513901330
5. Nature of the Change: Exercise of warrants
6. Date of Change: 30/06/2025
7. Executed via TASE Clearing House: No
8. Type and Name of Security Changed: MAX STOCK Warrant 2022
9. Security Number on TASE: 1171263
10. Holder's Balance in Last Report: 1,132,956
11. Holder's Balance After Change: 1,121,956
12. Total Quantity of Securities Increased/Decreased: 11,000
13. Is this a grant of rights to purchase shares: No
14. Total consideration for allocated securities: _________
15. TASE number of share resulting from exercise: _________
16. Number of shares resulting from full exercise/conversion: _________
17. Total additional consideration from full exercise/conversion: _________
18. Period during which the security can be exercised: _________
19. From: _________ To: _________
20. Allocated securities will be registered for trading: _________
21. Allocation is a continuation of: _________, published on: _________, reference number: _________

22. Security was fully paid and consideration fully received.

23. Registered Holder for Whom the Change Occurred:

24. Name: Registration Company of the TEL AVIV STOCK EXCHANGE LTD

25. Type of ID Number: Number in the Israeli Companies Registrar
26. ID Number: 515736817
27. Nature of the Change: Exercise of warrants
28. Date of Change: 30/06/2025
29. Executed via TASE Clearing House: No
30. Type and Name of Security Changed: MAX STOCK Ordinary Share
31. Security Number on TASE: 1168558
32. Holder's Balance in Last Report: 143,221,458
33. Holder's Balance After Change: 143,227,466
34. Total Quantity of Securities Increased/Decreased: 6,008
35. Is this a grant of rights to purchase shares: No
36. Total consideration for allocated securities: _________
37. TASE number of share resulting from exercise: _________
38. Number of shares resulting from full exercise/conversion: _________
39. Total additional consideration from full exercise/conversion: _________
40. Period during which the security can be exercised: _________
41. From: _________ To: _________
42. Allocated securities will be registered for trading: _________
43. Allocation is a continuation of: _________, published on: _________, reference number: _________
44. Security was fully paid and consideration fully received.

Explanations:

• 1. If the change affects more than one security, the effect of the change must be detailed in a separate row for each security.
• 1. Date of change all changes of the same type, in the same security, performed on one day, will be summarized in one row. For this purpose – changes performed via the TASE Clearing House must be separated from those performed directly in the company's books.
• 1. The change for a decrease, add the sign "-".
• 1. In all quantity fields, the quantity of securities must be entered, not NIS par value.

3. Main Shareholder Register as of the Reporting Date:

No.	Name of Registered Shareholder	Type of ID Number	ID Number	Security Number on TASE	Type and Par Value of Shares	Number of Shares	Holds Shares as Trustee
1	Registration Company of the TEL AVIV STOCK EXCHANGE LTD	Number in the Israeli Companies Registrar	515736817	1168558	Ordinary shares without par value	143,227,466	No

4. Attached is a file of the shareholder register in accordance with Section 130 of the Companies Law, 1999

Shareholder Register PDF

Alt: Shareholder Register PDF file

5. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of bond holders

Securities Register PDF

Alt: Securities Register PDF file

Details of the authorized signatories on behalf of the corporation:

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

Securities of the corporation are listed for trading on the TEL AVIV STOCK EXCHANGE LTD

Form structure update date: 06/08/2024

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.

Name of electronic reporter: Katz Yifat Position: Legal Advisor and Company Secretary

Address: Hashita 16, Caesarea 3088900 Phone: 054-4909365 Fax: 04-8241792 Email: ifat@maxstock.co.il