Shapir Engineering — Share Issue/Capital Change 2026

Apr 1, 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 Registrar: 514892801

To: Israel Securities Authority

To: Tel-Aviv Stock Exchange Ltd.

T087 (Public)

Filed via MAGNA: 01/04/2026

www.isa.gov.il

www.tase.co.il

Reference: 2026-01-031286

Share Capital, 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: A brief description of the nature of the change must be provided

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

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

Name and type of security	Security number on the stock exchange	Amount in the 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	358,544,698	358,546,253	358,546,253
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	359,044	359,044	0
Non-tradable warrants 01/21	1171891	0	13,953,085	13,949,009	0

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

1. The corporation reports that:

☐ On the date 01/04/2026

☐ 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

Explanation: The overall details of the transaction or action that caused the change in the corporation's securities must be described.

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

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

Nature of the change: Exercise of warrants ____

Date of the change: 01/04/2026 Executed via the Stock Exchange Clearing House: Yes

Type and name of securities in which a change occurred: Ordinary shares

Security number on the stock exchange: 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 holder in the security in the last report: 358,544,698
Balance of holder in this security after the change: 358,546,253
Total quantity of securities in which there was a decrease/increase: 1,555
Is this a grant of rights to purchase shares No
Total consideration for securities that were allotted: ___
The stock exchange number of the share that will result from the exercise of securities: ___
Number of shares that will result from full exercise/conversion of the securities: ___
Total exercise premium to be received from full exercise/conversion of securities into shares: ___
The period in which the securities may be exercised: ___
From _ to _
The allotted securities will be registered 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 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 for whom the change occurred: I.B.I. Equity Compensation and Trusts (2004) Ltd.
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Type of identification number: Number in the Israeli Companies RegistrarIdentification number: 513540070
Nature of the change: Exercise of warrants ___
Date of the change: 01/04/2026Executed via the Stock Exchange Clearing House: Yes
Type and name of securities in which a change occurred: Non-tradable warrants 01/21
Security number on the stock exchange: 1171891
Balance of holder in the security in the last report: 13,953,085
Balance of holder in this security after the change: 13,949,009
Total quantity of securities in which there was a decrease/increase: 4,076
Is this a grant of rights to purchase shares No
Total consideration for securities that were allotted: ___
The stock exchange number of the share that will result from the exercise of securities: ___
Number of shares that will result from full exercise/conversion of the securities: ___
Total exercise premium to be received from full exercise/conversion of securities into shares: ___
The period in which the securities may be exercised: ___
From _ to _
The allotted securities will be registered 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 fully received.
The security has been fully paid-up, but the consideration has not been fully received.
$\bigcirc$ Issued for 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 a single day, will be summarized in one line. For this purpose - changes executed through the Stock Exchange Clearing House must be separated from changes executed directly in the company's books.
3. The change - for a decrease the sign "-" must be added.
4. In all quantity fields the quantity of securities and not NIS par value must be filled in.

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

Description of the nature of the change

Explanation: The overall details of the transaction or action that caused the change in the register must be described

1 Name of registered holder for whom the change occurred:

Type of identification number: _ Identification number: _

Date of the change: __ Executed via the Stock Exchange Clearing House:

Type and name of securities in which a change occurred:

Security number on the stock exchange:

Amount of the change:

Balance of holder in this security after the change:

1. Main features of the shareholders' register as of the reporting date are as follows:

No.	Name of registered shareholder	Type of identification number	Identification number	Security number on the stock exchange	Type of shares and their par value	Number of shares	Is the shareholder holding the shares as trustee
1	_____	_____	_____	_____	_____	_____	_____

1. Attached is a shareholders' register file in accordance with the provisions of Section 130 of the Companies Law, 5759 - 1999

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

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 Corporate Secretary

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 - 1970), a report filed under 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 Authority's website: Click here.

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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.

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 reporting entity: Shapir Holdings Barkat Ltd.

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

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