Shapir Engineering — Share Issue/Capital Change 2026

Mar 22, 2026

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.

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: 22/03/2026

www.isa.gov.il

www.tase.co.il

Reference: 2026-01-025262

Share capital status, granting of rights to purchase shares and the corporation's securities registers and the 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-tradable warrants

Explanation: Describe briefly the nature of the change

Reference numbers of previous reports on the subject: _, _, ____.

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

Name and type of security	Security No. on TASE	Amount in registered capital	Issued and paid-up capital		Quantity registered in the name of the Registration Company
			Quantity in last report	Current quantity
Ordinary share	1133875	900,000,000	358,169,138	358,352,745	358,352,745
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-tradable warrants 12/14	1133883	0	383,044,369,711		0
Non-tradable warrants 01/21	1171891	0	14,979,508,14,438,940		0

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

1. The corporation announces that:

☐ On the date 22/03/2026

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

Explanation: All the details of the transaction or action by virtue of which the change in the corporation's securities occurred must be described.

Name of the registered holder for whom the change occurred: TASE Clearing House Ltd

Type of identification number: Number in the Israeli Companies Register Identification number: 515736817

Nature of the change: Exercise of warrants ____

Date of the change: 22/03/2026 Executed via the TASE clearing system: Yes

Type and name of security for which the change occurred: Ordinary shares

Security No. on TASE: 1133875

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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.

Balance of the holder in the security in the last report: 358,169,138
Balance of the holder in this security after the change: 358,352,745
Total quantity of securities in which there was a decrease/increase: 183,607
Is this a grant of rights to purchase shares No
Total consideration for the securities that were allotted: ___
The TASE number of the share that will result from the exercise of the security: ___
Number of shares that will result 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: ___
From _until _
The securities allotted will be listed for trading: ___
The said allotment of securities is further to _published on ___and its reference number is _
☐ The security has been fully paid up and the consideration has been received in full.
☐ The security has been fully paid up, but the consideration has not been received in full.
☐ Issued for the purpose of an ATM program
☐ Other.
____
Name of the registered holder for whom the change occurred: IBI Capital Compensation and Trusts (2004) Ltd
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Type of identification number: Number in the Israeli Companies RegisterIdentification number: 513540070
Nature of the change: Exercise of warrants ___
Date of the change: 22/03/2026Executed via the TASE clearing system: Yes
Type and name of security for which the change occurred: Non-tradable warrants 01/21
Security No. on TASE: 1171891
Balance of the holder in the security in the last report: 14,979,508
Balance of the holder in this security after the change: 14,438,940
Total quantity of securities in which there was a decrease/increase: 540,568
Is this a grant of rights to purchase shares No
Total consideration for the securities that were allotted: ___
The TASE number of the share that will result from the exercise of the security: ___
Number of shares that will result 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: ___
From _until _
The securities allotted will be listed for trading: ___

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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 to _published on __and its reference number is _. ☐ The security has been fully paid up and the consideration has been received in full. ☐ The security has been fully paid up, but the consideration has not been received in full. ☐ Issued for the purpose of an ATM program ☐ Other. ____

Name of the registered holder for whom the change occurred: IBI Capital Compensation and Trusts (2004) Ltd 3 Type of identification number: Number in the Israeli Companies RegisterIdentification number: 513540070 Nature of the change: Exercise of warrants _ Date of the change: 22/03/2026Executed via the TASE clearing system: Yes Type and name of security for which the change occurred: Non-tradable warrants 12/14 Security No. on TASE: 1133883 Balance of the holder in the security in the last report: 383,044 Balance of the holder in this security after the change: 369,711 Total quantity of securities in which there was a decrease/increase: 13,333 Is this a grant of rights to purchase shares No Total consideration for the securities that were allotted: _ The TASE number of the share that will result from the exercise of the security: _ Number of shares that will result 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: _ From __until __ The securities allotted will be listed for trading: __ The said allotment of securities is further to __published on __and its reference number is __. ☐ The security has been fully paid up and the consideration has been received in full. ☐ The security has been fully paid up, but the consideration has not been received in full. ☐ Issued for the purpose of an ATM program ☐ Other. __

Explanations:

1. If the change affects more than one security, the impact of the change must be detailed in a separate line for each security.
2. Date of the change - all changes of the same type, in the same security, executed on one day, shall be summarized in one line. For this purpose - changes executed through the TASE clearing system must be separated from changes executed directly in the company's books.
3. The change - for a decrease, the sign "-" must be added.
4. All quantity fields must show the quantity of securities and not NIS par value.

A change occurred only in the register of the corporation's securities holders (without a change in the quantity of the corporation's securities) as a result of:

Description of nature of the change

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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.

Explanation: All the details of the transaction or action by virtue of which the change in the register occurred must be described

1 Name of the registered holder for whom the change occurred:

Type of identification number: _ Identification number: _

Date of the change: _ Executed via the TASE clearing system: _

Type and name of security for which the change occurred:

Security No. on TASE:

Quantity of the change:

Balance of the holder in this security after the change:

1. Main details of the share register as of the report date are as follows:

No.	Name of registered shareholder	Type of identification number	Identification number	Security number on TASE	Type of shares and their nominal value	Number of shares	Holds the shares as trustee
1	_____	_____	_____	_____	_____	_____	_____

1. Attached is a file of the share register in accordance with the provisions of Section 130 of the Companies Law, 5759 - 1999. תנשא תנאייisa.pdf

2. Attached is an updated file of the corporation's securities registers, including the warrant holders' register and the BONDS holders' register. תנשא תנאיי - Copy_isa.pdf

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

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

Explanation: Under Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 - 1970), a report submitted pursuant to these regulations shall be signed by the persons authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the ISA 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. Form structure update date: 06/08/2024

Short name: Shapir Engineering

Address: Barkat12, Petach Tikva49170 Telephone: 03-9169500, Fax: 03-9169600

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

Previous names of the 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