Mivtach Shamir Holdings Ltd.

Investor Presentation • Jun 2, 2024

Mivtach Shamir Holdings Investor Presentation

June 2024

Mivtach Shamir Holdings Investor Presentation

Legal Disclaimer and Forward-Looking Information

This presentation was prepared by Mivtach Shamir Holdings Ltd. (the "Company") for informational purposes only. It does not constitute an offer to purchase securities, nor is it an invitation to make such offers, or a solicitation in connection with any securities of the Company.

This presentation is intended as a brief and accessible summary and does not substitute for a review of the Company's full reports to the Tel Aviv Securities Authority and the Tel Aviv Stock Exchange Ltd., including but not limited to the Company's periodic reports for 2023 and the Company's immediate reports (collectively, "the Company's Reports").

This presentation may include forward-looking information as defined by law ("Forward-Looking Information"), such as estimates, forecasts, and management's subjective assessments as of the presentation's publication date. While the Company believes these assessments are reasonable, they are inherently uncertain and influenced by factors beyond the Company's control. These factors include risks detailed in the Company's corporate business description (reference: 2024-01-030738) published on March 25, 2024, and other unforeseeable economic and external factors affecting the Company's operations.

Furthermore, the company's plans and strategies outlined herein reflect the board of directors' decisions as of the publication date and are subject to change. Therefore, actual future results and achievements may materially differ from the forward-looking information presented. These forecasts and estimates are based on data available as of this presentation's date, and the Company does not commit to updating them postpublication to reflect subsequent events or circumstances.

INTRODUCTION

Investing in stable sectors with consistent, growing cash flow and technological innovation

Local operations are expanding, with activities in key global markets

Financial stability facilitates the execution of the strategy

1. Data as of March 31, 2024 2. Amount does not include the company's own share purchases totaling NIS 86.5 million

Our Business Segments

Leveraging our business expertise to identify trends, discover opportunities, and build a balanced portfolio

Business Segments - Detailed

Natural Gas

• Alon Tavor Power Plant
• Kesem Energy

Renewable Energy & Energy Storage

Biogas

International activities

Real Estate
Hod Hasharon Towers, IL
Hamenofim, Herzliya, IL
HaYetzira, Ramat Gan, IL
US & Canada
Chennai, India
Healthcare: nursing & care home, IL

Technology
Lendbuzz
Supplant
Stream Elements
Accelario	Momentis
Scopio Labs	Beyeonics Surgical
Innoventric	Beyeonics Vision
Diagnostic Robotic	Bean & Co.
Stardom
State Of Mind	Ventures
Target Global
Collider
Gilat Satellite Networks1

Energy Portfolio

585MW In Operation Combined Cycle Power Plant Alon Tavor

230MW Under Construction Natural Gas Peaker Plant Alon Tavor

780MW Under Development Kesem Energy Combined Cycle Power Plant

Future Development

Alon Tavor – Combined Cycle Power Plant in adjacent land plot under development option

Renewable Energy & Battery Storage

470MW of PV and over 1 GWh battery storage projects under various stages of development

Biogas

Energy recovery facilities from waste in advanced stages of development

International Activities

Development of battery storage and other energy projects (mainly in Europe)

Alon Tavor MRC

The first power plant acquired from Israel Electric Corporation (IEC)

585MW operational

Located in the Alon Tavor Industrial Park in the Jezreel Valley, Israel, the facility is powered by natural gas and diesel (secondary emergency fuel). It provides electricity to Israel's national grid and is operated by a dedicated company

Approx. 230MW in 2024

New peaker plant fueled by natural gas in advanced stages of construction

Potential Value Creation

Developing a combined-cycle power plant in the development option area adjacent to the power plant (as stipulated in the purchase agreement)

The New Peaker Alon Tavor MRC

Technology:

A new power plant using conventional open cycle technology (Peaker), powered by natural gas

Expected Capacity: Approx. 230MW

Status: Advanced stages of construction

Expected Operation Date: H2 2024

Kesem Energy Power Plant

Development plan approved

780MW under development

Developed as part of a national infrastructure program (No. 98), ratified by the Israeli government on May 28, 2023

Strategically positioned in an underutilized area, this project is nestled between the industrial zone of Kfar Kasem and major highways No. 5 and No. 6, near the Kesem Interchange

Strategically positioned for electricity transmission to Tel Aviv metropolitan area

Natural Gas Transportation: Utilizes the existing national network, with the Block Valve Station adjacent to the site

Transmission: Located at the junction of national power transmission lines (400 KV, 161KV)

ILS2.5^B in New Renewable Energy Activity

Solar PV Projects

Development across tens of thousands of dunams in northern and southern Israel, in collaboration with leading Israeli energy companies

Energy Storage Projects

An advanced-stage project valued between ILS 300-500 million, with additional projects in development phase.

Biogas Projects

Energy recovery facilities from waste in southern Israel are in advanced stages of development

Solar PV and Energy Storage

In partnerships with 3rd parties

470MW within the market model

250MW ground solar project in northern Israel

Spanning ~2,000 dunams for Solar PV and Energy Storage, in collaboration with 8 local villages

220MW solar project with a statutory plan

Spanning approximately 1,500 dunams

~220MW and 700 MWh of storage, with financial closure expected by mid-2025

Energy Storage

Example: North Project 90MW / 400MWh

Up to 20 dunams zoned for industry adjacent to an Electrical substation , within Noga (Israel's Independent System Operator) and Electricity Authority's priority map

Classified as high priority by the Israeli government

Status:

• Received a positive planning survey from Noga
• Land has been designated to allow construction

Biogas

Development of biogas projects in partnership with 3rd parties, utilizing advanced technology to process organic and agricultural wastes, including animal manure, plant debris, and organic refuse, aligning with circular economy principles.

Commercial Aspects

Electricity Production: Fixed rate of approximately 55 agorot per kWh (index linked) for 20 years

Construction grants available from government ministries

Status

• In process of obtaining building permit
• Construction tender

Hod Hasharon Towers

5 office buildings 72,000 square meters 1,700 parking spots high-tech and pharma tenants Potential Value Creation Additional construction rights for another tower covering 60,000 square meters Status Approved by the district committee in 1/2023, construction is expected to start in 2025

Financial Summary (In Millions ILS)

Book Value2,1	1,084.5
Debt (fair value)2	419
2023 rental income2	66.3
2023 management fees income2	13.6
2023 NOI2	62.2
NOI based on full occupancy2	67.7

1. According to a valuation published in the company's reports on 31.12.2023.

2. The data as of 31.12.2023 is based on 100%, with the company's effective share being 42.34%.

3. The loans are indexed (about half of the loan with an interest addition of 0.1% and the rest with an interest addition of 3.1%).

Hamenofim Project, Herzliya

~23,000 square meters Offices

~ 8,000 square meters Parking

~ 1,600 square meters Commercial

Hamenofim Project, Herzliya Hamenofim 3-5, Herzliya Pituach

Value appreciation potential:

Office, commercial, and residential building project¹ Total area of ~5.2 dunams

Mivtach Shamir rights: 52% of all office rights 56% of all commercial rights

Status: Under construction Expected completion: 2026

Hamenofim Project, Herzliya

HaYetzira Project, Ramat Gan

2 HaYetsira St., Ramat Gan

20% of land rights are held by Ashtrom Properties. ~50,000 square meters of office and commercial. Total area of ~2.5 dunams

Prime Location:

Centrally situated in the Bursa complex, next to Abba Hillel St.17 and near the Arlozorov train station

Mivtach – KIN Real Estate investments in Canada

Mivtach – KIN Portfolio:

1. Church & Gerrard 312k SF, projected exit: 2025

2.Shops on Steeles 3.3M SF, projected exit: 2026

3.Rutherford 2.48M SF, projected exit: 2026

4.Weston Beauty Blocks 366k SF, projected exit: 2028

5.Bloor & Jarvis 334k SF, projected exit: 2029

Menif Financial Services Ltd

A leading company providing mezzanine financing for equity to developers and contractors in the construction sector for over 25 years.

Traded on the Tel Aviv Stock Exchange since 2020 (symbol: Menif)

1. Growth in the last twelve months ending on March 31, 2024, compared to FY 2023

2. Portfolio as of March 31, 2024, compared to December 31, 2023.

3. Two bond series are traded on the Tel Aviv Stock Exchange. Series A, approximately 361 million NIS, carries a variable interest rate not linked to the index, set at the Bank of Israel rate plus a fixed margin of 2.4%. Series B, approximately 211 million NIS, carries a fixed interest rate of 7.22%.

4. Discount Bank 17.38%, Clal insurance 9.54% , other stakeholders 3.54%

30.46%

49.03%

Mivtach Shamir

Discount Bank, Clal Insurance and other stockholders⁴

Finergy Capital

Texas based Finergy Capital is a provider of flexible capital to independent oil and gas producers for acquisitions and development

Finergy fund producers through the purchase of volumetric production payments (VPPs), which gives producers numerous benefits versus other forms of financing

Energy Real Estate Finance Technology

Proven track record in technology sector investments

Three decades of expertise in identifying high-impact investments and successfully guiding them to exit

A portfolio of 16 exciting and promising technology companies, with the most notable being:

The company continues to grow rapidly and increase profitability. In 2023, the company increased its revenue by approximately 70%.

Expanding effectively, focusing on 6 countries with 34 cultivations, of which 16 are commercial

Committed to value creation

1

Focusing on growing sectors

Identifying investment opportunities and creating value in every field of activity

Balanced portfolio

2

Stable and growing cash flow from solid investments, alongside breakthrough technological investments

Financial resilience

3

Maintaining a high level of liquidity directed towards continued investment and dividend distribution

Thank you!

For more details:

Limor Avidor, Deputy CEO and Corporate Secretary

limor@msgroup.co.il I www.msgroup.co.il I 972-3-7684949