Shapir Engineering — Share Issue/Capital Change 2026

Feb 24, 2026

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Shapir Engineering and Industry Ltd. SHAPIR ENGINEERING AND INDUSTRY LTD

Number in the Register: 514892801

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. T087 ( Public ) Filed via MAGNA: 24/02/2026 www.isa.gov.il www.tase.co.il Reference: 2026-01-017296

Capital status, grant of rights to purchase shares and the corporation's securities registers and changes therein Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970

Nature of the change: Exercise of non-tradeable warrants Explanation: Briey describe the nature of the change

	Reference numbers of previous reports on the subject:,,

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

			Issued and paid-up capital
Name and type of security	Security No. on the TASE	Amount in registered capital	Quantity in last report	Current quantity	Quantity registered in the name of the Registration Company
Ordinary share	1133875	900,000,000	358,127,064 358,167,213		358,167,213
BONDS (Series 2')	1141951	0	358,601,917 358,601,917		358,601,917
BONDS (Series 3')	1178417	0	956,917,711 956,917,711		956,917,711
BONDS (Series 4')	1226331	0	400,000,000 400,000,000		400,000,000
Non-tradeable warrants 12/14	1133883	0	383,878 383,044		0
Non-tradeable warrants 01/21	1171891	0	15,122,699 14,985,913		0

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

		2. The corporation reports that:
--	--	----------------------------------	--	--

From date	to date

A change occurred in the quantity and in the register of holders of the corporation's securities (including rights to purchase shares) as a result of:

Description of the nature of the

Exercise of employee warrants under the 01/21 warrant plan and under the 12/14

change plan

Explanation: Describe all the details of the transaction or action that caused the change in the corporation's securities.

1 Name of registered holder with respect to whom the change occurred: The Registration Company of the Tel Aviv Stock Exchange Ltd.

Type of identication number: Number in the Israeli Companies RegisterIdentication number: 515736817

Nature of the change: Exercise of warrants _________

Date of change: 24/02/2026Executed via the TASE Clearing House: Yes

Type and name of security in which change occurred: Ordinary shares

Security No. on the TASE: 1133875

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Holder's balance of this security in last report: 358,127,064
Holder's balance of this security after the change: 358,167,213
Total quantity of securities in which there was a decrease/increase: 40,149
Is this a grant of rights to purchase shares No
Total consideration for securities allotted: Security number on the TASE of the share arising from exercise of the security:
Number of shares that will arise from full exercise/conversion of the security:
Total exercise premium to be received from full exercise/conversion of the security into shares:
Period during which the security may be exercised: Fromuntil
The securities allotted will be listed for trading:
The said allotment of securities is further topublished onand its reference number is The security has been fully paid up and the consideration has been fully received. The security has been fully paid up, but the consideration has not been fully received. Issued for an ATM program Other.
Name of registered holder with respect to whom the change occurred: I.B.I Equity Compensation and Trusts (2004) Ltd. 2 Type of identication number: Number in the Israeli Companies RegisterIdentication number: 513540070
Nature of the change: Exercise of warrants
Date of change: 24/02/2026Executed via the TASE Clearing House: Yes
Type and name of security in which change occurred: Non-tradeable warrants 01/21 Security No. on the TASE: 1171891
Holder's balance of this security in last report: 15,122,699
Holder's balance of this security after the change: 14,985,913
Total quantity of securities in which there was a decrease/increase: 136,786
Is this a grant of rights to purchase shares No
Total consideration for securities allotted: Security number on the TASE of the share arising from exercise of the security:
Number of shares that will arise from full exercise/conversion of the security:
Total exercise premium to be received from full exercise/conversion of the security into shares:
Period during which the security may be exercised: Fromuntil

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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.

The said allotment of securities is further topublished onand its reference number is
The security has been fully paid up and the consideration has been fully received.
The security has been fully paid up, but the consideration has not been fully received.
Issued for an ATM program
Other.
Name of registered holder with respect to whom the change occurred: I.B.I Equity Compensation and Trusts (2004) Ltd. 3
Type of identication number: Number in the Israeli Companies RegisterIdentication number: 513540070
Nature of the change: Exercise of warrants
Date of change: 24/02/2026Executed via the TASE Clearing House: Yes
Type and name of security in which change occurred: Non-tradeable warrants 12/14
Security No. on the TASE: 1133883
Holder's balance of this security in last report: 383,878
Holder's balance of this security after the change: 383,044
Total quantity of securities in which there was a decrease/increase: 834
Is this a grant of rights to purchase shares No
Total consideration for securities allotted:
Security number on the TASE of the share arising from exercise of the security:
Number of shares that will arise from full exercise/conversion of the security:
Total exercise premium to be received from full exercise/conversion of the security into shares:
Period during which the security may be exercised:
Fromuntil
The securities allotted will be listed for trading:
The said allotment of securities is further topublished onand its reference number is
The security has been fully paid up and the consideration has been fully received.
The security has been fully paid up, but the consideration has not been fully received.
Issued for an ATM program
Other.

Explanations:

• 1. If the change affects more than one security, the effect of the change must be detailed in a separate line for each security.
• 1. Date of change all changes of the same type, in the same security, executed on one day, shall be summarized in one line. For this matter – changes executed through the TASE Clearing House must be separated from changes executed directly in the company's books.
• 1. The change for a decrease, the sign "-" must be added.
• 1. In all quantity elds, the number of securities must be entered and not NIS par value.
• A change occurred only in the corporation's register of holders of securities (without a change in the quantity of the corporation's securities) as a result of:

Description of the nature of the change _________

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Explanation: Describe all the details of the transaction or action that caused the change in the register

1 Name of registered holder with respect to whom the change occurred:
Type of identication number: Identication number:
Date of change: Executed via the TASE Clearing House:
Type and name of security in which change occurred:
Security No. on the TASE:
Amount of change:
Holder's balance of this security after the change:

1. Main points of the shareholders register as of the report date are as follows:

No.	Name of registered shareholder	Type of identication number	Identication number	Security number on the TASE	Type of shares and their par value	Number of shares	Whether holds the shares as trustee
1

• 1. Attached is a le of the shareholders register in accordance with the provisions of Section 130 of the Companies Law, pdf.isa_מרשם_מחזיקים 1999 - 5759
• 1. Attached is an updated le of the corporation's securities registers, including the warrant holders register and the bond holders register מחזיקים_מרשם_-_Copy_isa.pdf

Details of the signatories authorized to sign on behalf of the corporation:

Name of signatory Position
	Other
1 Adv. Amir Shaked	Chief Legal Counsel and Company Secretary

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 – 1970), a report submitted under these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the Authority's website: Click here .

Reference numbers of previous documents on the subject (the reference does not constitute incorporation by reference):

The corporation's securities are listed for trading on the Tel Aviv Stock Exchange

Date of form structure update: 06/08/2024

Short name: Shapir Engineering

Address: Barkat 12 , Petach Tikva49170 Telephone: 03-9169500 , Fax: 03-9169600

Email: amirs@shapir.co.il Company website:www.shapir.co.il

Previous names of reporting entity: Shapir Holdings Barkat Ltd.

Name of electronic reporter: Shaked AmirPosition: Legal Counsel and Company SecretaryName of employing company: Shapir Civil and Marine Engineering Ltd.

Address: Barkat 12 , Petach Tikva4951780Telephone: 03-9169555Fax: 03-9169600Email: amirs@shapir.co.il