Opc Energy Ltd. — Director's Dealing 2026

May 28, 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.

OPC Energy Ltd

Registration number: 514401702

To: Israel Securities Authority
www.isa.gov.il

To: Tel Aviv Stock Exchange Ltd
www.tase.co.il

T076 (Public)

Filed via MAGNA: 28/05/2026

Reference: 2026-01-049859

Immediate report on changes in holdings of interested parties and senior officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting a change in holdings in securities of the reporting corporation only. To report a change in holdings in securities of a held company of the reporting corporation whose activity is material to the activity of the reporting corporation, use Form T121

1 Name of corporation / last name and first name of the holder: Kenon Holdings Ltd

Name of corporation / last name and first name of the holder in English as registered in the Companies Register or in the passport:

.Kenon Holdings Ltd

Type of identifying number: Registrar number in the country of incorporation abroad

Holder's identifying number: 201406588w

Type of holder: Interested party who does not meet any of the other definitions

The hedge fund has the right to appoint a director or its representative to the company's board of directors

Is the holder serving as a representative for the purpose of reporting for several shareholders who hold securities of the corporation together with him: No

Name of the controlling shareholder in the interested party See in Note below

Identifying number of the controlling shareholder in the interested party See in Note below

Citizenship / country of incorporation or registration: Incorporated abroad

Country of citizenship / incorporation or registration: Singapore

Security number on the stock exchange: 1141571

Name and type of security: OPC Energy Shares

Nature of change: Decrease ☐ Other

Transfer of shares for the purpose of limiting exposure within the framework of a financial transaction

Note: Purchase or sale of shares on the stock exchange by way of a matching transaction, as defined in Part Three of the TASE Regulations, shall be classified as an off-exchange transaction, while disclosing in the free text field that the transaction was carried out in this manner.

Is this a change in a single transaction or several transactions (cumulative change): Single transaction

Date of change: 27/05/2026

Transaction price: 0 Currency Agorot

Whether they are dormant shares or securities convertible into dormant shares: No

Balance (in quantity of securities) in the last report: 141,955,836 Holding percentage of all securities of the same type in the last report: % 45.8

Change in quantity of securities: 6,000,000-

Current balance (in quantity of securities): 135,955,836 Current holding percentage of all securities of the same type: % 43.86

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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.

Holding percentage after the change: In equity: % 43.86 In voting power: % 43.86

Explanation: Holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In equity: % 43.66 In voting power: % 43.66

Note No. 1

Note: If the value increase due to a forced purchase of borrowed securities is selected, or the value decrease due to a forced sale of borrowed securities is selected, then borrowed securities that were not returned to the lender and hence the lending transaction became a forced purchase and the lending transaction became a forced sale.

No.

Note

1

In accordance with a notice delivered to the Company by Kenon Holdings Ltd. ("Kenon"), the controlling shareholder of the Company, regarding a Collar transaction dated May 27, 2026 (the "Collar Transaction") between Kenon and a foreign investment bank (the "Financial Institution"), 6,000,000 shares of the Company (constituting approximately 2% of the issued share capital of the Company) were transferred to the Financial Institution for the purpose of hedging exposure within the framework of the Collar Transaction. The Collar Transaction includes the purchase of a put option from the Financial Institution and the sale of a call option at a higher exercise price to the Financial Institution, at a reference price, for the purpose of determining the exercise prices, of an amount in U.S. dollars reflecting NIS 124. According to the terms of the Collar Transaction, by default, the shares transferred shall be returned to Kenon in installments, on several closing dates set in the terms of the Collar Transaction, starting from approximately 2.5 years and up to 3.5 years from its commencement, all subject to the terms of the Collar Transaction (which include conditions, inter alia, of the possibility of early termination of the Collar Transaction, in whole or in part, as well as making adjustments to the terms of the Collar Transaction, to the manner of performing the settlement or to the manner of its termination in certain circumstances). For the purposes of the Securities Law, 1968, the Company regards Kenon as its controlling shareholder. Kenon is a company incorporated in Singapore, whose shares are dually listed and traded on the New York Stock Exchange (NYSE) and on the Tel Aviv Stock Exchange Ltd. To the best of the Company's knowledge, approximately 61.6% of Kenon's share capital is held by Ansonia Holdings Singapore B.V, a private company incorporated in the Netherlands, which is wholly indirectly held by a foreign discretionary trust in which Mr. Idan Ofer is the beneficiary.

1. Was all the consideration paid on the date of the change Yes

If all the consideration was not paid on the date of the change, please specify the date of completion of the payment:

1. If the change is by way of signing a lending agreement, please specify details regarding the manner of termination of the lending:

Explanation: The holding percentages must be stated taking into account all the securities held by the interested party.

1. Date and time on which the corporation first became aware of the event or matter 28/05/2026 At 08:50

2. Details of the actions that caused the change

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

	Name of signatory	Position
1	Giora Almogi	Chief Executive Officer
2	Anna Bernstein	Chief Financial Officer

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report filed 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 reference does not constitute inclusion by way of reference):

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

Form structure update date:

04/02/2025

Short name: OPC Energy

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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.

Address: Menachem Begin121, Tel Aviv6701203 Telephone: 073-2505600, Fax: 073-2505606

Email: shiran.kislasi@opc-energy.com Company website: www.opc-energy.com

Previous names of reporting entity: IC Power Israel Ltd

Name of electronic reporter: Levi Kislasi ShiranPosition: Attorney / Legal CounselEmploying company name:

Address: Menachem Begin121, Tel Aviv6701203Telephone: 073-2505704Fax: Email: shiran.kislasi@opc-energy.com