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Shapir Engineering and Industry Ltd

SHAPIR ENGINEERING AND INDUSTRY LTD

Number with the Registrar: 514892801

To: Israel Securities Authority

To: Tel Aviv Stock Exchange Ltd

T087 (Public)

Filed via MAGNA: 24/03/2026

www.isa.gov.il

www.tase.co.il

Reference: 2026-01-026444

Share capital structure, 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-tradable warrants

Explanation: Briefly describe the nature of the change

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

The corporation's securities position after the change:

Name and type of security	TASE security no.	Quantity 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	358,352,745	358,428,524	358,428,524
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	369,711	359,044	0
Non-tradable warrants 01/21	1171891	0	14,438,940	14,259,386	0

Explanation: Detail all of the company's securities, including securities not listed for trading.

The corporation reports that:

☐ On date 24/03/2026

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

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

Name of the registered holder in respect of whom the change occurred: The Registration Company of the Tel Aviv Stock Exchange Ltd

Type of identification number: Number at the Israeli Registrar of Companies Identification number: 515736817

Nature of the change: Exercise of warrants ____

Date of change: 22/03/2026 Executed via the TASE Clearing House: Yes

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

TASE security number: 1133875

Holder's balance in the security in last report: 358,352,745

Holder's balance in this security after the change: 358,428,524

Total quantity of securities in which there was a decrease/increase: 75,779

Is this a grant of rights to purchase shares No

Total consideration for securities that were allotted: ____

TASE number of the share that will result from exercise of securities: ____

Number of shares that will result from full exercise/conversion of securities: ____

Total exercise premium to be received from full exercise/conversion of securities into shares:

Period during which the securities may be exercised: ____

From _until _

The securities allotted will be listed for trading: ____

The aforesaid securities allotment is further to _published on _and 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 the registered holder in respect of whom the change occurred: I.B.I. Equity Compensation and Trusts (2004) Ltd 2

Type of identification number: Number at the Israeli Registrar of Companies Identification number: 513540070

Nature of the change: Exercise of warrants ____

Date of change: 24/03/2026 Executed via the TASE Clearing House: Yes

Type and name of security in which the change occurred: Non-tradable warrants 01/21

TASE security number: 1171891

Holder's balance in the security in last report: 14,438,940

Holder's balance in this security after the change: 14,259,386

Total quantity of securities in which there was a decrease/increase: 179,554

Is this a grant of rights to purchase shares No

Total consideration for securities that were allotted: ____

TASE number of the share that will result from exercise of securities: ____

Number of shares that will result from full exercise/conversion of securities: ____

Total exercise premium to be received from full exercise/conversion of securities into shares:

Period during which the securities may be exercised: ____

From _until _

The securities allotted will be listed for trading: ____

The aforesaid securities allotment is further to _published on _and 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 the registered holder in respect of whom the change occurred: I.B.I. Equity Compensation and Trusts (2004) Ltd 3 Type of identification number: Number at the Israeli Registrar of Companies Identification number: 513540070 Nature of the change: Exercise of warrants _ Date of change: 24/03/2026 Executed via the TASE Clearing House: Yes Type and name of security in which the change occurred: Non-tradable warrants 12/14 TASE security number: 1133883 Holder's balance in the security in last report: 369,711 Holder's balance in this security after the change: 359,044 Total quantity of securities in which there was a decrease/increase: 10,667 Is this a grant of rights to purchase shares No Total consideration for securities that were allotted: _ TASE number of the share that will result from exercise of securities: _ Number of shares that will result from full exercise/conversion of securities: _ Total exercise premium to be received from full exercise/conversion of securities into shares: _ Period during which the securities may be exercised: *_ From* *_until* *_ The securities allotted will be listed for trading:* *_ The aforesaid securities allotment is further to* *_published on* *_and 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. _

The aforesaid securities allotment is further to _published on _and 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 the registered holder in respect of whom the change occurred: I.B.I. Equity Compensation and Trusts (2004) Ltd 3 Type of identification number: Number at the Israeli Registrar of Companies Identification number: 513540070 Nature of the change: Exercise of warrants _ Date of change: 24/03/2026 Executed via the TASE Clearing House: Yes Type and name of security in which the change occurred: Non-tradable warrants 12/14 TASE security number: 1133883 Holder's balance in the security in last report: 369,711 Holder's balance in this security after the change: 359,044 Total quantity of securities in which there was a decrease/increase: 10,667 Is this a grant of rights to purchase shares No Total consideration for securities that were allotted: _ TASE number of the share that will result from exercise of securities: _ Number of shares that will result from full exercise/conversion of securities: _ Total exercise premium to be received from full exercise/conversion of securities into shares: _ Period during which the securities may be exercised: _ From _until _ The securities allotted will be listed for trading: _ The aforesaid securities allotment is further to _published on _and 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:

If the change affects more than one security, specify the effect of the change in a separate line for each security.
Date of change - all changes of the same type, in the same security, carried out on one day shall be summarized in one line. For this matter - separate between changes made through the TASE Clearing House and changes made directly in the company's books.
The change - for a decrease, add the sign "-".
In all quantity fields, fill in the quantity of securities and not NIS par value.

There was a change only in the register of holders of the corporation's securities (with no change in the quantity of the corporation's securities) as a result of:

Description of the nature of the change

Explanation: Describe all the details of the transaction or action that gave rise to the change in the register

1 Name of the registered holder in respect of whom the change occurred: ____

Type of identification number: _ Identification number: _

Date of change: _ Executed via the TASE Clearing House: _

Type and name of security in which the change occurred: ____

TASE security number: ____

Quantity of the change: ____

Holder's balance in this security after the change: ____

Main details of the shareholders register as of the report date are as follows:

No.	Name of the registered shareholder	Type of identification number	Identification number	TASE security number	Type of shares and their par value	Number of shares	Whether holding the shares as trustee
1	_____	_____	_____	_____	_____	_____	_____

Attached is a file of the shareholders register in accordance with the provisions of Section 130 of the Companies Law, 5759 - 1999
Attached is an updated file of the corporation's securities registers, including the register of warrant holders and the register of BONDS holders. 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: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (1970), a report filed 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 mention does not constitute incorporation by reference):

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

Date of last update of form structure: 06/08/2024

Short name: Shapir Engineering

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

Email: [email protected] 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, Petah Tikva4951780Telephone: 03-9169555Fax: 03-9169600Email: [email protected]

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Explanations:

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