Shapir Engineering — Major Shareholding Notification 2025

Nov 25, 2025

SHAPIR ENGINEERING AND INDUSTRY LTD

Registry Number: 514892801

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd

Form No.: T076 (Public) Sent via MAGNA: 25/11/2025 Reference: 2025-01-092167

Correction Report for a defective report sent on 24/11/2025, Reference Number: 2025-01-090901

The defect: Inaccuracy in data

Reason: Human error

Main correction: Updating numbers and data

Immediate Report on Changes in the Holdings of Interested Parties and Senior Officers Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting changes in the holdings of securities of the reporting corporation only. To report changes in securities of a held company that is materially significant to the reporting corporation, use Form T121.

Section 1

1.

Holder Name: Phoenix Financial Ltd (Hebrew: מ"בע פיננסים הפניקס(
ID Type: Israel Registrar of Companies Number
Holder ID: 520017450
Holder Type: Nostro Account
Right to appoint director:
Is holder representative of additional shareholders for this report: No
Controlling shareholder in interested party: Company without a controlling core
Controlling shareholder ID: -
Country of registration: Israel
Country of citizenship/registration:
Stock Exchange Security Number: 1178417
Name and type of security: Company without a controlling core
Nature of change: Increase (Due to private placement)
Details:
Transaction type: One transaction
Date of change: 24/11/2025
Transaction rate: 91 Agorot (אג('
Dormant shares or convertible to dormant shares: No
Balance (number of securities) in last report: 0
Holding percentage in last report (%): 0
Change in quantity of securities: +121,244,186
Current balance (number of securities): 121,244,186
Current holding percentage (%): 12.67
Holding percentage after change in capital (%): 0.19

• Holding percentage after full dilution in capital (%): 0.18
• Holding percentage after full dilution in voting rights (%): 0.18

Holding percentage after change in voting rights (%): 0.19

Note: The holding percentage after change does not include convertible securities.

Note No.: 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.

2.

Holder Name: Phoenix Financial Ltd (Hebrew: מ"בע פיננסים הפניקס(
ID Type: Israel Registrar of Companies Number
Holder ID: 520017450
Holder Type: Nostro Account
Right to appoint director:
Is holder representative of additional shareholders for this report: No
Controlling shareholder in interested party: Company without a controlling core
Controlling shareholder ID: -
Country of registration: Israel
Country of citizenship/registration:
Stock Exchange Security Number: 1226331
Name and type of security: Shapir Engineering BONDS 4' (4 אגח הנדס שפיר('
Nature of change: Increase (Due to private placement)
Details:
Transaction type: Multiple transactions
Date of change: 24/11/2025
Transaction rate: 100 Agorot (אג('
Dormant shares or convertible to dormant shares: No
Balance (number of securities) in last report: 0
Holding percentage in last report (%): 0
Change in quantity of securities: +100,000,000
Current balance (number of securities): 100,000,000
Current holding percentage (%): 24.97
Holding percentage after change in capital (%): 0.19

Holding percentage after change in voting rights (%): 0.19

Note: The holding percentage after change does not include convertible securities.

• Holding percentage after full dilution in capital (%): 0.18
• Holding percentage after full dilution in voting rights (%): 0.18
• Note No.: 2

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.

3.

Holder Name: Phoenix Financial Ltd (Hebrew: מ"בע פיננסים הפניקס(
ID Type: Israel Registrar of Companies Number
Holder ID: 520017450
Holder Type: Nostro Account
Right to appoint director:
Is holder representative of additional shareholders for this report: No
Controlling shareholder in interested party: Company without a controlling core
Controlling shareholder ID: -
Country of registration: Israel
Country of citizenship/registration:
Stock Exchange Security Number: 1226331
Name and type of security: Shapir Engineering BONDS 4' (4 אגח הנדס שפיר('
Nature of change: Decrease (Due to sale on the stock exchange)
Details:
Transaction type: One transaction
Date of change: 24/11/2025
Transaction rate: 105.2 Agorot (אג('
Dormant shares or convertible to dormant shares: No
Balance (number of securities) in last report: 100,000,000
Holding percentage in last report (%): 24.97
Change in quantity of securities: -120,000
Current balance (number of securities): 99,880,000
Current holding percentage (%): 24.97
Holding percentage after change in capital (%): 0.19

• Holding percentage after full dilution in capital (%): 0.18
• Holding percentage after full dilution in voting rights (%): 0.18

Holding percentage after change in voting rights (%): 0.19

Note: The holding percentage after change does not include convertible securities.

Note No.: 3

Note: If an increase or decrease resulted from a mandatory purchase or sale of loaned securities, the remaining loaned securities not returned to the lender would thus be deemed as a forced purchase or sale.

Notes Table

No.	Note
1	Phoenix Financial Ltd (Hebrew: מ"בע פיננסים הפניקס(, Company No. 520017450, company without a controlling core.
2	See Note 1 above.
3	See Note 1 above.

1. Was all consideration paid at the time of change?

Yes

If not fully paid, specify the completion date:

1. If the change occurred by signing a loan agreement, specify how the loan is to be concluded:

Explanation: Specify the holding percentages considering all securities held by the interested party.

• 1. Date and time the corporation was first notified of the event:
• 24/11/2025 at 10:00
• 1. Details of actions causing the change:

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	Amir Shaked	Legal Counsel

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), reports filed under these regulations must be signed by those authorized to sign on behalf of the corporation. For further information, see the staff's position on the Israel Securities Authority website: Click here

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

Short name: Shapir Engineering

Address: Bareket 12, Petach Tikva, 49170

Phone: 03-9169500 Fax: 03-9169600

Email: amirs@shapir.co.il

Company website: www.shapir.co.il

Previous names of the reporting entity: Shapir Holdings Bareket Ltd

Electronic Reporter Name: Shaked Amir

Position: Legal Counsel and Company Secretary

Employer Company: Shapir Civil & Marine Engineering Ltd

Address: Bareket 12, Petach Tikva 4951780

Phone: 03-9169555 Fax: 03-9169600

Email: amirs@shapir.co.il

No images appeared in the original Hebrew document.