Meshek Energy Renewable Energies Ltd. — Capital/Financing Update 2025

Dec 8, 2025

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December 8, 2025

Meshak Energy - Renewable Energies Ltd. (the Company)

To: To:

Israel Securities Authority Tel-Aviv Stock Exchange Ltd.

www.magna.isa.gov.il maya.tase.co.il

Subject: Results of the tender for receiving early commitments from classied investors to purchase bonds (Series 3) of

the Company by means of an extension of the series

Following the immediate report of the Company dated December 7, 2025 (Reference Number: 2025-01-097511), stating that

the Company is examining the possibility of an issuance of the Company's bonds (Series 3) by way of extension of an existing series and registration for trading on the Tel Aviv Stock Exchange Ltd. (the Exchange) according to a shelf offering report which

the Company is acting to publish based on the Company's shelf prospectus dated August 30, 2023 (the Shelf Offering Report),¹ the Company is pleased to update that on December 8, 2025, a tender was held to receive early commitment

from classied investors as dened in Section 1 of the Securities Regulations (Manner of Offering Securities to the Public), 2007 (Classied Investors) regarding a possible issuance of said bonds (the Institutional Tender). Below are

details regarding the tender and its results:

1.

The securities offered were presented to the classied investors in the institutional tender, in a uniform offer via a tender on the unit price to be borne by the bonds (Series 3), with each unit comprising 1,000 NIS par value bonds (Series 3) (the Unit).

2.

In the institutional tender, orders were received including early commitments to purchase 286,885 units, amounting to a total consideration of approximately 309,897 thousand NIS, of which the Company decided to accept orders for the purchase of 187,385

units, with a monetary value of 201,626 thousand NIS at a price of 1,076 NIS per unit.

3.

The price determined in said tender will serve as the minimum price in the public tender, which will be conducted according to the Shelf Offering Report, if and when published by the Company.

4.

It is claried that the nal unit price of the bonds (Series 3) will be set within the public offering carried out by the Company, if and when it takes place, based on the Shelf Offering Report, in a uniform offer, via a tender on the unit price.

For the avoidance of doubt, it is claried that as of the date of this report, there is no certainty with respect to the execution of the issuance, its timing,

scope and terms. The execution of the issuance is subject, among other things, to the approval of the competent organs of the Company,

the fullment of suitable market conditions and receipt of all required approvals by law, including the approval of the

Exchange for listing the bonds to be offered, if and when offered.

Nothing in this report shall be deemed as a public offering or an invitation to purchase securities, nor shall it be deemed as

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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.

an indication or create any obligation on the part of the Company to carry out the bond issuance. Any offering

The shelf prospectus was published on August 29, 2023, and is dated August 30, 2023 (Reference Number: 2023-01-100044).

¹

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2024-06-11

As stated, details will be provided within a shelf offering report to be published by the company, if and as published.

Respectfully,

Mashak Energy - Renewable Energies Ltd.

Signed by:

Avner Arad, CEO of the company

Galit Bik, Chief Legal Ocer and Head of Company Staff

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12/8/2025 | 7:14:16 PM