Shapir Engineering — Major Shareholding Notification 2025

Nov 24, 2025

SHAPIR ENGINEERING AND INDUSTRY LTD

Registration number: 514892801

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form T076 (Public) Broadcast on MAGNA: 24/11/2025 Reference: 2025- 01-090901

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 designated to report changes in holdings of securities of the reporting company only. To report changes in holdings of securities of a company held by the reporting entity if its activity is material to the reporting company, use Form T121.

Section 1: Details of the Holder

1

Name of holder: PHOENIX INSURANCE COMPANY LTD Type of ID number: Number in the Israeli Companies Register ID number: 520023185 Type of holder: Interested party not meeting any other definitions Holder is not a representative for reporting other shareholders holding together: No Controlling shareholder of the interested party: PHOENIX FINANCIAL LTD ID number for the controlling shareholder: 520017450 Citizenship/ Country of Incorporation or Registration: Incorporated in Israel Security number on the Stock Exchange: 1178417 Name and type of security: BONDS (Series 3) Essence of the change: Increase, due to private placement Whether the change was via one transaction or multiple (cumulative change): One transaction Date of change: 24/11/2025 Transaction price: 90.72 agorot Dormant shares or convertible security to dormant shares: No Previous balance (number of securities): 0 Previous holding percentage of this type of security (%): 0 Change in quantity of securities: +121,244,186 Current balance (number of securities): 121,244,186 Current holding percentage of this type of security (%): 11.7 Holding percentage after the change: in capital %: 0; in voting rights %: 0 (Explanation: holding percentage after change does not relate to convertible securities) Holding percentage after the change in full dilution: in capital %: 0; in voting rights %: 0 Note number: 1

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 holder: PHOENIX INSURANCE COMPANY LTD Type of ID number: Number in the Israeli Companies Register ID number: 520023185 Type of holder: Interested party not meeting any other definitions Holder is not a representative for reporting other shareholders holding together: No Controlling shareholder of the interested party: PHOENIX FINANCIAL LTD ID number for the controlling shareholder: 520017450 Citizenship/ Country of Incorporation or Registration: Incorporated in Israel Security number on the Stock Exchange: 1226331 Name and type of security: BONDS (Series 4) Essence of the change: Increase, due to private placement Whether the change was via one transaction or multiple (cumulative change): One transaction Date of change: 24/11/2025 Transaction price: 100 agorot Dormant shares or convertible security to dormant shares: No Previous balance (number of securities): 0 Previous holding percentage of this type of security (%): 0 Change in quantity of securities: +100,000,000 Current balance (number of securities): 100,000,000 Current holding percentage of this type of security (%): 25 Holding percentage after the change: in capital %: 0; in voting rights %: 0 (Explanation: holding percentage after change does not relate to convertible securities) Holding percentage after the change in full dilution: in capital %: 0; in voting rights %: 0 Note number: 2

Note: If an 'increase' value was chosen due to a forced purchase of loaned securities, or 'decrease' due to a forced sale, the nonreturned loaned securities are considered a forced purchase/sale.

Additional Details

2

• 1. If not, state the date of completion of the payment: ________
• 1. If the change resulted from signing a loan agreement, specify how the loan will be ended: ________
• 1. Date and time the corporation first became aware of the event or matter: 24/11/2025 at 10:00
• 1. Details of the actions that led to the change: ________

Authorized Signatories Details

Name	Role
Amir Shaked, Adv.	Legal Counsel

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.

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

Company Details

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

Short name: Shapir Engineering Address: Bareket 12, Petah Tikva 49170 Phone: 03-9169500 Fax: 03-9169600 Email: amirs@shapir.co.il Company website: www.shapir.co.il Previous names of reporting entity: Shapir Holdings Bareket Ltd.

Electronic reporter name: Shaked Amir Role: Legal Counsel and Company Secretary Employing company: Shapir Civil and Marine Engineering Ltd. Address: Bareket 12, Petah Tikva 4951780 Phone: 03-9169555 Fax: 03-9169600 Email: amirs@shapir.co.il

All terms such as 'BONDS', 'agorot', 'securities', etc., appear as translated according to the provided glossary.