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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: 05/05/2026

www.isa.gov.il

www.tase.co.il

Reference:

2026-01-041510

Capital status, grant of rights to purchase shares and the registries of the corporation's securities 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: Describe briefly 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	Security No. on TASE	Quantity 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	358,865,472	358,891,340	358,891,340
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	297,150	292,316	0
Non-tradeable warrants 01/21	1171891	0	13,195,620	13,146,813	0

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

The corporation announces that:

☐ On the date 05/05/2026

☐ 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 the warrant plan 01/21 and under the plan 12/14

Explanation: Describe all details of the transaction or action by reason of which the change in the corporation's securities occurred.

Name of the registered holder in respect of whom the change occurred: The TASE's Registration Company 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: 05/05/2026 Carried out through the TASE clearinghouse: Yes

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

TASE security number: 1133875

Holder's balance in the security in the last report: 358,865,472

Holder's balance in this security after the change: 358,891,340

Total quantity of securities in which there was a decrease/increase: 25,868

Is this a grant of rights to purchase shares No

Total consideration for the securities allocated: ____

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 that will be received from full exercise/conversion of the security into shares:

The period in which the security may be exercised: ____

From _until _

The securities allocated will be listed for trading: ____

The said allocation 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 an ATM program
☐ Other.

Name of the registered holder in respect of whom the change occurred: IBI Capital Compensation and Trusts (2004) Ltd.

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

Nature of the change: Exercise of warrants __

Date of change: 05/05/2026 Carried out through the TASE clearinghouse: Yes

Type and name of securities in which a change occurred: Non-tradeable warrants 01/21

TASE security number: 1171891

Holder's balance in the security in the last report: 13,195,620

Holder's balance in this security after the change: 13,146,813

Total quantity of securities in which there was a decrease/increase: 48,807

Is this a grant of rights to purchase shares No

Total consideration for the securities allocated: ____

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 that will be received from full exercise/conversion of the security into shares:

The period in which the security may be exercised: ____

From _until _

The securities allocated will be listed for trading: ____

The said allocation 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 an ATM program ☐ Other. ____
Name of the registered holder in respect of whom the change occurred: IBI Capital 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: 05/05/2026 Carried out through the TASE clearinghouse: Yes Type and name of securities in which a change occurred: Non-tradeable warrants 12/14 TASE security number: 1133883 Holder's balance in the security in the last report: 297,150 Holder's balance in this security after the change: 292,316 Total quantity of securities in which there was a decrease/increase: 4,834 Is this a grant of rights to purchase shares No Total consideration for the securities allocated: _ 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 that will be received from full exercise/conversion of the security into shares: _ The period in which the security may be exercised: *_ From* *_until* *_ The securities allocated will be listed for trading:* *_ The said allocation 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 an ATM program ☐ Other. _

The said allocation 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 an ATM program ☐ Other. ____

Name of the registered holder in respect of whom the change occurred: IBI Capital 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: 05/05/2026 Carried out through the TASE clearinghouse: Yes Type and name of securities in which a change occurred: Non-tradeable warrants 12/14 TASE security number: 1133883 Holder's balance in the security in the last report: 297,150 Holder's balance in this security after the change: 292,316 Total quantity of securities in which there was a decrease/increase: 4,834 Is this a grant of rights to purchase shares No Total consideration for the securities allocated: _ 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 that will be received from full exercise/conversion of the security into shares: _ The period in which the security may be exercised: _ From _until _ The securities allocated will be listed for trading: _ The said allocation 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 an ATM program ☐ Other. _

Explanations:

If the change affects more than one security, detail 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 a single day, shall be summarized in a single line. For this matter - separate changes carried out via the TASE clearinghouse from those carried out 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.

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

Description of the nature of the change

Explanation: Describe all details of the transaction or action by reason of which the change in the register occurred

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

Type of identification number: _ Identification number: _

Date of change: _ Carried out through the TASE clearinghouse: _

Type and name of securities in which a change occurred: ____

TASE security number: ____

Quantity of the change: ____

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

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

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

Attached is a shareholders' register file 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 bond 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: Under Regulation 5 of the Securities Regulations (Periodic and Immediate Reports) (5730 - 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 ISA 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 form structure update: 06/08/2024

Short name: Shapir Engineering

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

E-mail: [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: 03-9169600E-mail: [email protected]

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