Paz Oil Company Ltd.

M&A Activity • Nov 19, 2025

PAZ RETAIL AND ENERGY LTD

Company Number: 510216054

To:

Israel Securities Authority (www.isa.gov.il)

The Tel Aviv Stock Exchange Ltd (www.tase.co.il)

Form Number: T063 (Public) Filed on MAGNA: 19/11/2025 Reference: 2025-01-089133

Immediate Report on a Merger Decision

Regulation 31Ya of the Securities Regulations (Periodic and Immediate Reports), 1970

On 19/11/2025, the company's board of directors resolved that the company will merge with [as detailed in the attached file].

As detailed below:

					1. Main points of the merger plan:
--	--	--	--	--	------------------------------------	--

As detailed in the attached file.

2. The process required for approval of the merger:

As detailed in the attached file.

3. Planned schedule for the process:

As detailed in the attached file.

1. Has a merger proposal been submitted to the Companies Registrar? Yes. Attached is the merger proposal: [191125_Mergers_Accessible_isa.pdf]

Explanation: The merger proposal should only be attached if it has not been previously attached in Form T-60.

1. If a shareholders' meeting has been convened, specify its date: _______

Explanation: If ^a meeting has been convened, it should also be reported in an immediate report as appropriate.

1. If a creditors' meeting has been convened, specify its date: _______

Details of the authorized signatories for the corporation:

#	Name	Position
1	Nir Stern	CEO
2	Anat Rothschild	Other (EVP, Chief Legal Counsel and Company Secretary)

Explanation: According to Regulation 5 of the Securities (Periodic and Immediate Reports) Regulations, 1970, ^a report filed according to these regulations must be signed by authorized signatories on behalf of the corporation. See ISA staff position: Click here.

The securities of the corporation are listed for trading on the Tel Aviv Stock Exchange.

Short Name: Paz Energy

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: Greenwork, Building D, Kibbutz Yakum, 6097200

Phone: 09-8631103, 09-8631121

Fax: 09-9562159 Email: anatr@paz.co.il

Company Website: https://www.paz.co.il/he-IL/home

Previous company names: Paz Oil Company Ltd.

Electronic reporter name: Berkowitz Maria

Position: Attorney/Legal Counsel Employer company name:

Address: Greenwork, D, Yakum, 6097200

Phone: 054-5369439 Email: mashab@paz.co.il

Reference Numbers for Previous Documents on the Subject (reference does not constitute incorporation by reference): None listed

Form structure last updated: 06/08/2024