OY Nofar Energy Ltd. — M&A Activity 2026

Apr 23, 2026

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. .

Nofar Energy Ltd. ("The Company")

April 23, 2026

To

The Tel-Aviv Stock Exchange Ltd.

www.tase.co.il

To

Israel Securities Authority

www.isa.gov.il

Dear Sirs/Madams,

Subject: Extension of No Shop Validity

Further to the immediate report dated February 3, 2026 (reference 2026-01-012143), regarding negotiations with B.S.R. Shoham – Center Limited Partnership and other owners for the acquisition of rights in land for the purpose of development, establishment, and operation of data centers (Data Centers), and further to the immediate report dated March 25, 2026 regarding the extension of the non-binding No Shop validity until April 24, 2026 (reference 2026-01-026989), on April 21, 2026, the non-binding No Shop validity was extended until May 31, 2026.

It will be clarified that as of the date of the report, there is no certainty regarding the completion of the negotiations and the entering into binding agreements and the terms of the engagement, which is subject to the completion of the negotiation processes and the signing of detailed agreements between the parties thereto, and which will be conditioned, among other things, on receiving required approvals, including approvals in the relevant organs of the parties and regulatory approvals (if required).

The information detailed in this report regarding the Company's intentions and the ongoing negotiations constitutes forward-looking information as defined in the Securities Law, 5728 - 1968, based on the information, estimates and plans of the Company as of this date and the current stage of the negotiations between the parties. These estimates and plans may not materialize, or may materialize partially, due to many variables which are not under the exclusive control of the Company, and including economic-business, regulatory and environmental variables, the maturation of the negotiations into binding agreements, and the final terms of the agreements (if formulated), which may be materially different from the above, as well as general risk factors characterizing the Company's activities detailed in section 4.14 of Chapter A of the Periodic report of the Company for the year 2025, the information included in which is presented in this report by way of reference. Accordingly, the information presented in this report may not materialize and/or may materialize in a materially different way than was anticipated by the Company.

Sincerely,

Nofar Energy Ltd.

By: Ofer Yannay, CEO and Director

4/23/2026 | 5:57:03 AM