OY Nofar Energy Ltd. — M&A Activity 2026

May 10, 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.

O.Y. Nofar Energy Ltd
O.Y. NOFAR ENERGY LTD
Company number in the registry: 514599943
To: Israel Securities Authority
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www.isa.gov.il

Immediate report for general material information

Explanation: Do not use this form when there is a form adapted to the reported event.

This reporting form is intended for material reports for which there is no suitable dedicated form.

Issuance results must be reported on Form T20 and not on this form.

A report on rating of BONDS or corporate rating must be submitted using Form T125.

Nature of the event: Completion of the Ellomay Luzon transaction

Reference numbers of previous reports on the subject: _, _, __.

Further to the company's immediate report dated March 30, 2026 (reference number: 2026-01-029216) and dated May 7, 2026 (reference number: 2026-01-042407), regarding the fulfillment of the conditions precedent for the completion of the share purchase transaction as part of the separation process between the shareholders in Ellomay Luzon Energy Infrastructures Ltd ("Ellomay Luzon"), the company updates that on May 10, 2026 the transaction was completed. The sale price is approximately NIS 559.8 million. This price is derived from a value of approximately NIS 742.5 million for the holdings (indirectly) of Ellomay Capital Ltd ("Ellomay") in Dorad Energy Ltd (based on a company value of NIS 4.4 billion for Dorad), less Ellomay's share (50%) in the net financial debt of Ellomay Luzon in the amount of approximately NIS 182.7 million, which was transferred to the purchaser's responsibility. Out of the sale proceeds, a total of approximately NIS 166.2 million was deposited in the account pledged to the trustee of the BONDS (Series 5) of Ellomay, for the purpose of releasing the pledges on the shares of Ellomay Luzon. This amount will be used for full early repayment of the BONDS (Series 5) announced by Ellomay, for which the consideration is approximately NIS 170 million.

File attached

The company is not a shell company as defined in the TASE Regulations

The date on which the corporation first became aware of the event: 10/05/2026at: 13:30

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

	Name of signatory	Position
1	Ofer Yanai	CEO and Director

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

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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.

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

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange	Date of last update of the form structure: 06/08/2024
Short name: Nofar Energy
Address: HaTachana 1, Kfar Saba4453001	Telephone: 09-3750003, Fax: 08-3750061
E-mail: ofer@nofar-energy.co.il	Company website: www.nofar-energy.com

Previous names of the reporting entity:

Name of electronic reporter: Yanai Ofer Yosef Position: Acting CEO and Director Name of employing company:

Address: HaTachana1, Kfar Saba4453001 Telephone: 09-3750003 Fax: 08-3750061 E-mail: ofer@nofar-energy.co.il