Prashkovsky Investments and Construction Ltd. — Capital/Financing Update 2026

Jan 15, 2026

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January 15, 2026

Pashkovsky Investments and Construction Ltd. (the "Company")

To: To:

Israel Securities Authority Tel Aviv Stock Exchange Ltd.

www.isa.gov.il www.tase.co.il

Subject:Immediate Report Regarding an Intention to Raise Debt by Issuing a New Series of Bonds

The Company is honored to announce that the Company's Board of Directors has decided to authorize the Company's management to act to raise debt by issuing a new series of bonds, pursuant to a shelf offering report under the Company's shelf prospectus dated July 22, 2024¹ (the "Shelf Prospectus"), by way of a uniform offer as dened in the Securities Regulations (Manner of Public Offering of Securities), 2007.

The new bonds series, if issued, will be secured by liens on the rights of Netivei Dor Ben Shemen Ltd., a whollyowned (100%) subsidiary of the Company, in the long-term rental housing project in Lod Ben Shemen, which includes: 2 buildings with 286 residential units

designated for long-term rental, as well as approximately 1,800 sqm of commercial space that has been leased and/or will be leased on the open market, and additional spaces such as public areas, parking, and storage areas².

The issuance is subject, inter alia, to an additional decision by the Company's Board of Directors regarding the terms, scope, and structure of the issuance and the publication of the shelf offering report, as well as the receipt of all approvals required by law, including the approval of the rating company, the Israel Securities Authority, and the Tel Aviv Stock Exchange Ltd. for the listing for trading of the bonds to be offered as above. It should be claried that there is no certainty regarding the scope, timing, and execution of the raise. Respectfully,

Pashkovsky Investments and Construction Ltd.

Moti Nachmias – Deputy CEO and Chief Financial Ocer

¹ Published on July 21, 2024 (Reference: 2024-01-076672).

² For details regarding the long-term rental housing project in Lod Ben Shemen, see section 18.82 in the corporation's business description chapter in the 2024 periodic report published by the company on March 13, 2025 (Reference: 2025-01-016895) and section 1.3 (5) in the board of directors' report as of September 30, 2025 included in the Q3 2025 report published by the company on November 23, 2025 (Reference: 2025-01-090257).