Sella Capital Real Estate Ltd.

Major Shareholding Notification • Dec 10, 2025

SELLA CAPITAL REAL ESTATE LTD

Company Number: 513992529

To:

• Israel Securities Authority [www.isa.gov.il]
• Tel Aviv Stock Exchange Ltd. [www.tase.co.il]

Form No.: T087 (Public)

Filed via MAGNA: 10/12/2025

Reference: 2025-01-098383

Statement of Capital, Grant of Rights to Purchase Shares and Registers of the Corporation's Securities and Their Changes

Regulation 31(e) to the Securities Regulations (Immediate Periodic Reports), 1970

Regulation 31(a) to the Securities Regulations (Immediate Periodic Reports), 1970

Regulation 31(b1) to the Securities Regulations (Immediate Periodic Reports), 1970

Regulation 32 to the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change:

_________, _________, _________.

Realization of Warrants (Series 4) into Shares

Explanation: Please briefly describe the nature of the change.

Previous Reference Numbers on the Subject:

1. List of the Corporation's Securities After the Change:

Name and Type of Security TASE Number Quantity in Registered Capital Issued and Paid-up Capital (Last Reported Current
Quantity) Quantity Listed by Nominee Company : : : : : Ordinary Share 1109644 1,000,000,000 238,973,343
239,006,843 239,006,843 Unregistered Warrants 1120948 5,308,765 5,308,765 0 Bonds Series 3 1138973
1,145,092,553 1,145,092,553 1,145,092,553 Bonds Series 4 1167147 1,102,771,353 1,102,771,353
1,102,771,353 Commercial Papers Series 1 1157189 120,000,000 120,000,000 120,000,000 Commercial Papers
Series 2 1203975 130,000,000 130,000,000 130,000,000 Bonds Series 5 1205087 441,575,040
441,575,040 441,575,040 Warrants Series 4 1205095 17,158,272 17,124,772 17,124,772 Sella Real Estate
Employees 1205582 339,000 339,000 0
Explanation: All company securities should be detailed, including those not listed for trading.

2. The Corporation Announces That:

On date: 09/12/2025

• A change occurred: There was a change in the quantity and register of security holders (including rights to purchase shares) of the corporation as a result of:
• Realization of Warrants (Series 4) into Shares

Explanation: Please describe all details of the transaction or action resulting in the change in the corporation's securities.

Section 1 Details

1. Name of registered holder affected by the change:

The Nominee Company of the Tel Aviv Stock Exchange Ltd.

Type of identification number: Number in the Israeli Companies Registry

Identification number: 515736817

Nature of the change: Realization of options

Date of change: 09/12/2025

Carried out through the TASE clearing house: Yes

Type and name of security changed: Ordinary Shares

Security number in TASE: 1109644

Holder's balance of the security in last report: 238,973,343

Holder's balance of the security after the change: 239,006,843

Total amount change (+/-): 33,500

Is this a grant of rights to purchase shares? No

Security was fully paid and full consideration was received. [☑]

2. Name of registered holder affected by the change:

• The Nominee Company of the Tel Aviv Stock Exchange Ltd.
• Type of identification number: Number in the Israeli Companies Registry
• Identification number: 515736817
• Nature of the change: Realization of options
• Date of change: 09/12/2025
• Carried out through the TASE clearing house: Yes
• Type and name of security changed: Warrants Series 4
• Security number in TASE: 1205095
• Holder's balance of the security in last report: 17,158,272
• Holder's balance of the security after the change: 17,124,772
• Total amount change (+/-): 33,500
• Is this a grant of rights to purchase shares? No
• Security was fully paid and full consideration was received. [☑]

Explanations:

• 1. If the change affects more than one security, detail the impact in a separate row for each security.
• 1. Date of change all of the same type of changes to the same security on a single day will be totaled in one row. For this, separate changes via the TASE clearing house and those done directly in the company's books.
• 1. For a decrease, add the sign "-".
• 1. In all quantity fields, input the security amount, not the par value in NIS.

3. Main shareholders register as of report date:

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.

#	Name of Registered	Type of ID	ID	Security	Type of	Quantity of	Holds as
	Shareholder	Number	Number	Number (TASE)	Shares/Par Value	Shares	Trustee
1

4. Attached: Shareholders' Register File as per Section 130 of the Companies Law, 1999

מניות_בעלי_מרשם_isa.pdf Alt: Current shareholders register file in PDF format

5. Attached: Updated File of the Corporation's Securities Registers, including registry of warrant holders and bond holders

ניירות_מרשם_isa.pdf Alt: Updated PDF file of the securities registers, including warrant and bondholders

Authorized Signatories for the Corporation:

#	Name	Position
1	Lior Wilensky	Legal Advisor of the company
2	Dror Yehuda	Chief Financial Officer

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position can be found on the authority's website: Click here.

Securities of the corporation are listed on the Tel Aviv Stock Exchange

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.

Short Name: Sella Capital Real Estate Address: 7 Jabotinsky, Ramat Gan 52520

Phone: 03-5759222 Fax: 03-6131659

Email: dror@sellacapital.com

Previous Names of Reporting Entity: None

Electronic Reporter: Yehuda Dror | Chief Financial Officer

Address: 7 Jabotinsky, Ramat Gan 5252007

Phone: 03-5759222 Fax: 03-7624532

Email: DROR@SELLACAPITAL.COM

Form Structure Update Date: 06/08/2024