Shapir Engineering — Share Issue/Capital Change 2026

Jan 15, 2026

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SHAPIR ENGINEERING AND INDUSTRY LTD

Registration number: 514892801
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To: Securities Authority (www.isa.gov.il)

To: Tel Aviv Stock Exchange Ltd (www.tase.co.il)

Form No.: T087 (Public)

Submitted on MAGNA: 15/01/2026 Reference: 2026-01-006758

Securities Position, Grant of Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change:

Exercise of non-traded options
Explanation: Please briefly describe the nature of the change
Reference numbers of previous reports on the subject: , ,

1. The corporation's securities position after the change:

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Name andType ofSecurity	SecurityNumber	Quantity inRegisteredCapital	Issued andPaid-upCapital	Latest ReportQuantity	CurrentQuantity	Quantity Registeredunder Registrar'sName
Ordinary share	1133875	900,000,000		358,007,223	358,065,229	358,065,229
BONDS (Series2')	1141951	0		358,601,917	358,601,917	358,601,917
BONDS (Series3')	1178417	0		956,917,711	956,917,711	956,917,711
BONDS (Series4')	1226331	0		400,000,000	400,000,000	400,000,000
Non-tradedWarrants 12/14	1133883	0		392,111	392,111	0
Non-tradedWarrants 01/21	1171891	0		15,516,741	15,338,741	0

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

2. The corporation announces that:

On the date: 15/01/2026 There was a change in the quantity of and in the register of the holders of the corporation's securities (including rights to purchase shares) as a result of: Description of the nature of change: Exercise of employee options according to program 01/21

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

Details of Registered Holder Affected by the Change

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1. Name of the registered holder concerned: Israel Securities Exchange Registration Company Ltd
ID Number Type: Israeli Companies Registrar Number
ID Number: 515736817
Nature of Change: Exercise of options
Date of change: 15/01/2026
Executed via the exchange clearing house: Yes
Type and name of security affected: Ordinary shares
Security Number: 1133875
Holder's last reported balance of security: 358,007,223
Balance after the change: 358,065,229
Total quantity of securities increased/decreased: 58,006
Is this the grant of rights to purchase shares: No
Total consideration for the allocated securities:
Exchange security number for the share arising from exercise:
Number of shares resulting from full exercise/conversion:
Total additional consideration receivable from full exercise/conversion:
Exercise period:
From: Until:
Allocated securities will be listed for trading:
This allocation is further to: published on:; reference:
The security has been fully paid for and consideration received in full.
The security has been fully paid for, but not all consideration received.
Issued for ATM program.
Other. Explanation:
2. Name of the registered holder concerned: I.B.I Equity Compensation and Trusts (2004) Ltd
ID Number Type: Israeli Companies Registrar Number
ID Number: 513540070
Nature of Change: Exercise of options
Date of change: 15/01/2026
Executed via the exchange clearing house: Yes
Type and name of security affected: Non-traded Warrants 01/21
Security Number: 1171891Holder's last reported balance of security: 15,516,741
Balance after the change: 15,338,741
Total quantity of securities increased/decreased: 178,000
Is this the grant of rights to purchase shares: No
Total consideration for the allocated securities:
Exchange security number for the share arising from exercise:
Number of shares resulting from full exercise/conversion:
Total additional consideration receivable from full exercise/conversion:
Exercise period:
From: Until:
Allocated securities will be listed for trading:
This allocation is further to: published on:; reference:
The security has been fully paid for and consideration received in full.
The security has been fully paid for, but not all consideration received.
Issued for ATM program.
Other. Explanation:

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Explanations:

• 1. If the change affects more than one security, specify the effect for each security in a separate row.
• 1. Change date all changes of the same type, in the same security, performed on one day, are summarized in one row. Regarding this, separate changes done via exchange clearing house or directly in company books.
• 1. For a decrease, add the sign "-".
• 1. In all quantity fields, fill in the quantity of securities and not NIS par value.

3. Main Shareholder Register as of the Report Date:

No.	Name of RegisteredShareholder	ID Type	IDNumber	ExchangeSecurity Number	Type of Shares& Par Value	Quantity ofShares	Holds Sharesas Trustee
1

4. Attached is the shareholder register file according to section 130 of the Companies Law, 1999

pdf.isa_מרשם_מחזיקים

Alt: Shareholder Register as of the report date

5. Attached is an updated file of registries of the corporation's securities, including the registry of warrant holders and registry of bondholders

מחזיקים_מרשם_-_Copy_isa.pdf

Alt: Updated registers for the corporation's securities, including warrant and bondholders

Details of authorized signatories on behalf of the corporation:

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No.	Name	Position
1	Amir Shaked, Adv.	Other - Chief Legal Counsel and Corporate Secretary

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

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

Form structure update date: 06/08/2024

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 entity: Shapir Holdings Bareket Ltd

Electronic signatory name: Shaked Amir Signatory's title: Legal Advisor and Corporate Secretary Employer company name: Shapir Civil and Marine Engineering Ltd Address: Bareket 12, Petah Tikva 4951780 Phone: 03-9169555 Fax: 03-9169600 Email: amirs@shapir.co.il