Paz Oil Company Ltd. — Share Issue/Capital Change 2025

Nov 30, 2025

PAZ RETAIL AND ENERGY LTD

Registration Number: 510216054
--------------------------------	--	--

To: Securities Authority

To: TEL AVIV STOCK EXCHANGE LTD

Form Number: T087 (Public) Sent via MAGNA: 30/11/2025 Reference: 2025-01-094565

Capital Position, Grant of Rights to Acquire Shares, Registers of the Corporation's Securities and their Changes

Regulation 31e of Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of Securities Regulations (Periodic and Immediate Reports), 1970 Nature of Change: Partial redemption of BONDS (Series 6, Series 7, and Series 8)

1. The Company's Securities Position after the Change:

_(Previous report references: _________, _________, ________. )

Name and Type of Security	Securities Number on TASE	Amount in Registered Capital	Outstanding Capital - Most Recent Filing	Outstanding Capital - Current	Registered in the Name of Registration Company
Ordinary shares	1100007	30,000,000	13,828,430	13,828,430	11,653,430
BONDS Series 6	1139542	180,867,782.49	241,060,695.86	180,867,782.49	180,867,782.49
BONDS Series 7	1142595	801,327,822.19	958,109,351.88	801,327,822.19	801,327,822.19
BONDS Series 8	1162817	1,255,175,055	1,464,615,000	1,255,175,055	1,255,175,055
BONDS Series 9	1205947	199,506,000	199,506,000	199,506,000	199,506,000
Warrants (not listed)	1175157	0	408,186	408,186	0
Commercial papers (Series 2)	1231968	400,000,000	400,000,000	400,000,000	400,000,000

Explanation: All the company's securities, including securities not listed for trading, must be detailed.

2. The Corporation announces that:

On the date: 30/11/2025, there was a change in the number and register of the corporation's securities holders (including rights to purchase shares) of the corporation resulting from:

Partial redemption of BONDS (Series 6, Series 7, and Series 8)

Details for each security affected are presented below:

Change 1

Registered holder affected: Registration Company of the Tel Aviv Stock Exchange Ltd.
Type of ID: Company Registrar Number in Israel
ID number: 515736817
Nature of change: Other – Partial Redemption
Change date: 30/11/2025
Executed via TASE Clearing House: Yes
Type and name of security changed: BONDS Series 6
TASE Security Number: 1139542
Holder's balance in this security in last report: 241,060,695.86
Holder's balance after change: 180,867,782.49
Total securities reduced: 60,192,913.37
Is it a grant of rights to purchase shares: No
Total consideration for securities issued:
TASE security number for resulting shares:
Number of shares that will result upon full exercise/conversion:
Total additional proceeds on full exercise/conversion:
Period during which the security can be exercised:
From: To:
Will securities be registered for trading:
Allocation of these securities is pursuant to: published on:, reference:
Security fully redeemed, consideration received in full: [ ]
Security fully redeemed, consideration not received in full: [ ]

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

Change 2

Other: [X]

Issued for ATM program: [ ]

Explanation: Partial Redemption

version. For more information, please review the legal disclaimer.

Registered holder affected: Registration Company of the Tel Aviv Stock Exchange Ltd.
Type of ID: Company Registrar Number in Israel
ID number: 515736817
Nature of change: Other – Partial Redemption
Change date: 30/11/2025
Executed via TASE Clearing House: Yes
Type and name of security changed: BONDS Series 7
TASE Security Number: 1142595
Holder's balance in this security in last report: 958,109,351.88
Holder's balance after change: 801,327,822.19
Total securities reduced: 156,781,529.69
Is it a grant of rights to purchase shares: No
Total consideration for securities issued:
TASE security number for resulting shares:
Number of shares that will result upon full exercise/conversion:
Total additional proceeds on full exercise/conversion:
Period during which the security can be exercised:
From: To:
Will securities be registered for trading:
Allocation of these securities is pursuant to: published on:, reference:
Security fully redeemed, consideration received in full: [ ]
Security fully redeemed, consideration not received in full: [ ]

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

Change 3

Other: [X]

Issued for ATM program: [ ]

Explanation: Partial Redemption

version. For more information, please review the legal disclaimer.

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.

Registered holder affected: Registration Company of the Tel Aviv Stock Exchange Ltd.
Type of ID: Company Registrar Number in Israel
ID number: 515736817
Nature of change: Other – Partial Redemption
Change date: 30/11/2025
Executed via TASE Clearing House: Yes
Type and name of security changed: BONDS Series 8
TASE Security Number: 1162817
Holder's balance in this security in last report: 1,464,615,000
Holder's balance after change: 1,255,175,055
Total securities reduced: 209,439,945
Is it a grant of rights to purchase shares: No
Total consideration for securities issued:
TASE security number for resulting shares:
Number of shares that will result upon full exercise/conversion:
Total additional proceeds on full exercise/conversion:

Allocation of these securities is pursuant to: _________ published on: _________, reference: _________

Security fully redeemed, consideration received in full: [ ]

Will securities be registered for trading: _________

Security fully redeemed, consideration not received in full: [ ]

Period during which the security can be exercised: _________

Issued for ATM program: [ ]

From: _________ To: _________

• Other: [X]
• Explanation: Partial Redemption

Explanations:

• 1. If the change affects more than one security, the effect of the change must be detailed separately for each security.
• 1. Change date All changes of the same kind, in the same security, performed on one day, should be summarized in one line. In this case, changes performed via the TASE Clearing House must be separated from those made directly in the company's records.
• 1. For reductions, indicate with a "-" sign.
• 1. For all quantity fields, indicate the quantity of securities, not their NIS par value.

3. Main Shareholder Register as of the Report Date:

No.	Registered Shareholder Name	Type of ID Number	ID Number	Security Number on TASE	Type of Shares and Par Value	Number of Shares	Holds as Trustee
1	Edad Trustees Ltd. (Edad Company for Trustees Ltd.)	Company Registrar No. (Israel)	511169781	1100007	Ordinary shares, 5 NIS par value	2,175,000	Yes
2	Registration Company of the Tel Aviv Stock Exchange Ltd.	Company Registrar No. (Israel)	515736817	1100007	Ordinary shares, 5 NIS par value	11,653,430	No

4. Attached File: Shareholder Register as per Section 130 of the Companies Law 1999

pdf.isa_פז_מרשם_בעלי_מניות_30112025

Alt text: Paz - Shareholder Register as of 30.11.2025 (PDF)

5. Attached File: Updated Register of the Company's Securities, including the Register of Warrant Holders and Register of Bond Holders

pdf.isa_פז_מרשם_ניירות_ערך_30112025

Alt text: Paz - Securities Register as of 30.11.2025 (PDF)

Details of Authorized Signatories for the Corporation

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.

No.	Name	Position
1	Anat Rothschild	Other: EVP, Chief Legal Advisor, and Corporate Secretary
2	Masha (Maria) Berkovitz	Other: Attorney

Explanation: According to Regulation 5 of the Periodic and Immediate Report Regulations (1970), ^a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. For staff position, see the Authority's website: Click here

Additional Details

Short Name: PAZ ENERGY 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 names of reporting entity: Paz Oil Company Ltd.

Electronic reporter name: Berkovitz Maria Role: Attorney / Legal Advisor Employer Company Name: Address: Greenwork D, Yakum 6097200 Phone: 054-5369439 Email: mashab@paz.co.il

Note: All security types and company names were translated according to the supplied glossary.