Max Stock Ltd. — Share Issue/Capital Change 2026

Feb 2, 2026

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Max Stock Ltd.
	Number in the Register: 513618967
www.isa.gov.il		To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. T087 ( Public ) Filed via MAGNA: 01/02/2026 www.tase.co.il Reference:			2026-01-011485
		The corporation will schedule the report for publication on 02/02/2026 10:00 Capital status, grant of rights to purchase shares and the corporation's securities registers and changes therein Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970
	Explanation: Briey describe the nature of the change	Nature of the change: Exercise of non-tradable warrants in accordance with the terms of the warrants
		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 the Stock Exchange	Quantity in registered capital	Issued and paid-up capital Quantity in last report	Current quantity	Company	Quantity registered in the name of the Registration
Ordinary share 1168558		12,342,994,475	143,430,625 143,435,485		143,435,485
Max Stock Warrant 2022	1171263	0	885,247 878,807		0
		Explanation: List all of the company's securities, including securities not listed for trading.
On the date From date	2. The corporation announces that: 01/01/2026	to date 31/01/2026
	purchase shares) as a result of:	There was a change in the quantity and in the register of holders of the corporation's securities (including rights to Description of the nature of the change Allotment of shares due to exercise of warrants Explanation: Describe all details of the transaction or action that caused the change in the corporation's securities.
		Name of the registered holder for whom the change occurred: Altshuler Shaham Trusts Ltd. Type of identication number: Number in the Israeli Companies RegisterIdentication number: 513901330
1
	Nature of the change: Exercise of warrants	Date of change: 31/01/2026Executed through the Stock Exchange Clearing House: No
	Security number on the Stock Exchange: 1171263	Type and name of security in which change occurred: Max Stock Warrant 2022
	Holder's balance in the security in last report: 885,247

Is this a grant of rights to purchase shares No

Total quantity of securities in which there was a decrease/increase: 6,440

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Total consideration for securities that were allotted: Security number on the Stock Exchange of the share that will result from exercise of the securities:
Quantity of shares that will result from full exercise/conversion of the securities:
Total exercise premium that will be received from full exercise/conversion of the securities into shares:
The period during which the securities may be exercised:
Fromuntil
The securities that were allotted will be registered for trading:
The said allotment of securities is further topublished onand its reference number is
The security has been fully repaid and the consideration has been fully received.
The security has been fully repaid, but the consideration has not been fully received. Issued for an ATM program
Other.
Name of the registered holder for whom the change occurred: Registration Company of the Tel Aviv Stock Exchange Ltd. 2
Type of identication number: Number in the Israeli Companies RegisterIdentication number: 515736817
Nature of the change: Exercise of warrants
Date of change: 31/01/2026Executed through the Stock Exchange Clearing House: No
Type and name of security in which change occurred: Max Stock ordinary share
Security number on the Stock Exchange: 1168558
Holder's balance in the security in last report: 143,430,625
Holder's balance in this security after the change: 143,435,485
Total quantity of securities in which there was a decrease/increase: 4,860
Is this a grant of rights to purchase shares No
Total consideration for securities that were allotted:
Security number on the Stock Exchange of the share that will result from exercise of the securities:
Quantity of shares that will result from full exercise/conversion of the securities:
Total exercise premium that will be received from full exercise/conversion of the securities into shares:
The period during which the securities may be exercised: Fromuntil
The securities that were allotted will be registered for trading:
The said allotment of securities is further topublished onand its reference number is
The security has been fully repaid and the consideration has been fully received.
The security has been fully repaid, but the consideration has not been fully received. Issued for an ATM program Other.

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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.

• 1. If the change affects more than one security, specify the effect of the change in a separate line for each security.
• 1. Date of change all changes of the same type, in the same security, performed on the same day, shall be summarized in one line. For this matter – changes executed through the Stock Exchange Clearing House must be separated from changes executed directly in the company's books.
• 1. The change for a decrease, add the "-" sign.
• 1. In all quantity elds, enter the number of securities and not NIS par value.

There was a change only in the corporation's register of securities holders (with no change in the total quantity of the corporation's securities) as a result of:
Description of the nature of the change
Explanation: Describe all details of the transaction or action that caused the change in the register
1 Name of the registered holder for whom the change occurred:
Type of identication number: Identication number:

Type and name of security in which change occurred:

Security number on the Stock Exchange: _________

_________

Quantity of change: _________

Holder's balance in this security after the change: _________

1. The main items of the shareholders' register as of the report date are as follows:

Date of change: _________ Executed through the Stock Exchange Clearing House: _________

No.	Name of registered shareholder	Type of identication number	Identication number	Security number on the Stock Exchange	Type of shares and their par value	Number of shares	Does he hold the shares as trustee
1	Registration Company of the Tel Aviv Stock Exchange Ltd.	Number in the Israeli Companies Register	515736817	1168558	Ordinary shares without par value	143,435,485	No

• 1. Attached is a le of the shareholders' register in accordance with the provisions of section 130 of the Companies Law, pdf.isa_מרשם_בעלי_מניות_2026_1_31 1999 - 5759
• 1. Attached is an updated le of the corporation's securities registers, including the register of warrant holders and the register of BONDS holders 31_1_2026_מחזיקים_מרשם_isa.pdf

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

Name of signatory Position
1 Ifat Nir-Katz	Other
	Vice President, Chief Legal Counsel and Corporate Secretary

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 – 1970), a report led pursuant to these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the Authority's website: Click here .

Reference numbers of previous documents on the subject (the mention does not constitute inclusion by way of reference):

The corporation's securities are listed for trading on the Tel Aviv Stock Exchange

06/08/2024

Short name: Max Stock

Address: HaShita 16, P.O.B. 3594 , Caesarea3089900 Telephone: 073-7695176 , Fax: 04-

8241792

Date of form structure update:

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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.

Email: ifat@maxstock.co.il Company website:www.maxstock.co.il

Previous names of reporting entity: Max Management Israel Ltd.

Name of electronic reporter: Katz IfatPosition: Vice President, Legal Counsel and Corporate SecretaryName of employing company:

Address: HaShita 16 , Caesarea3088900Telephone: 054-4909365Fax: 04-8241792Email: ifat@maxstock.co.il