Shikun & Binui

Legal Proceedings Report • Dec 31, 2025

SHIKUN & BINUI LTD

Registration number: 520036104

To:

• Israel Securities Authority
• The Tel Aviv Stock Exchange Ltd.

Form T053 (Public)

Broadcast via MAGNA: 31/12/2025 Reference: 2025-01-105835

Immediate Report on an Event or Matter Deviating from the Corporation's Ordinary Course of Business

Regulation 36 to the Securities Regulations (Periodic and Immediate Reports), 1970

The results of an issuance should be reported in form 20 and not with this form.

Reports on bond rating or corporation rating should be submitted using form T125.

Report about:

☐ Delayed submission of report

Nature of Event:

Winning approximately 110 million USD for interest in the arbitration award in the Cundinamarca project in Colombia (the company's share: approximately 55 million USD)

1.

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.

Further to the company's immediate report on December 22, 2024 (Reference: 2024-01-625939) regarding winning the claim submitted by the franchisee in the Cundinamarca project (held 50% by the company) (hereinafter: "the franchisee") within the international arbitration proceedings against the project initiator – the governmental infrastructure authority in the Colombian Ministry of Transportation (hereinafter: "the arbitration award" and "the arbitration," respectively) and to Note 18(7) in the financial reports for the year 2024 as published on March 27, 2025 (Reference: 2025-01-021148), the company is pleased to update that on December 31, 2025, it was informed of an additional decision of the arbitration, according to which was awarded to the franchisee:

• 1. Interest on the amount of compensation in the arbitration award (which has not yet been paid as of this report date) for the period until the date of the arbitration award (December 19, 2024) as well as reimbursement of expenses, for a total amount of approximately 110 million USD;
• 1. Interest on the amount of compensation in the arbitration award, at variable rates from the date of the arbitration award until the actual payment date.

According to the company's assessment, as of the date of this report, the interest amount as stated, if paid by the report date, stands at approximately 43 million USD. The company's share in the above amounts awarded to the franchisee is 50%. The calculation was made according to the amount of compensation awarded in Colombian peso, based on the peso to USD exchange rate as of December 30, 2025.

2.
The date and time the corporation first became aware of the event or matter: 31/12/2025 at 07:21.
3.
If the report was delayed – the reason for the delayed submission:
4.
On date: at time: the hindrance to report was removed.
5.
☐ The company is a shell company as defined in the Stock Exchange bylaws.

Details of authorized signatories on behalf of the corporation:

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.

#	Name	Position
1	Amit Bierman	CEO
2	Hila Tirosh	Other: Chief Legal Counsel & VP

Explanation: According to Regulation 5 to the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted pursuant to these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the subject can be found on the Authority's website: Click here

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange.

Short name: Shikun & Binui

Address: HaYarden 1A, Airport City, 70100 Phone: 03-6301111 Fax: 03-6301595 Email: hilat@shikunbinui.com Company website: http://www.shikunbinui.co.il

Former reported entity names: Shikun & Binui Holdings Ltd.

Electronic Signatory Name: Hila Tirosh-Ankri Position: Legal Advisor & Corporate Secretary Employer Company Name: SHIKUN & BINUI LTD. Address: HaYarden 1, Kiryat Sde HaTeufa, 70100 Phone: 03-6301517 Fax: 03-6301520 Email: hilat@shikunbinui.com

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