Shikun & Binui — M&A Activity 2026

May 13, 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.

Shikun & Binui Ltd.
SHIKUN & BINUI LTD
Number in the Register: 520036104

To: Israel Securities Authority
www.isa.gov.il

To: Tel-Aviv Stock Exchange Ltd.
www.tase.co.il

T121 (Public)
www.tase.co.il

Transmitted by MAGNA: 13/05/2026
Reference: 2026-01-044352

Immediate report for general material information

Explanation: Do not use this form when there is a form adapted to the reported event.

This reporting form is intended for material reports for which there is no suitable dedicated form.

Results of an offering must be reported on Form T20 and not on this form.

A report on the rating of BONDS or rating of a corporation must be submitted by means of Form T125.

Nature of the event: Update regarding the purchase of shares of the Drive Group

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

Further to the company's immediate reports dated January 29, 2026, March 9, 2026 and March 20, 2026 (reference numbers: 2026-01-010650, 2026-01-020591 and 2026-01-024977, respectively), regarding the exercise of the company's right of first refusal to purchase shares of A. Drive Group Ltd. that were offered for sale by shareholders in the Drive Group (the "Transaction"), the company is honored to update that on May 13, 2026, the approval of Cross Israel Highway Ltd. (the "Supervising Authority") was received, stating that it has no objection to the execution of the Transaction, which constitutes one of the conditions precedent to completion of the Transaction. The parties to the Transaction continue to act to fulfill the remaining conditions precedent to the Transaction. For the avoidance of doubt, the possibility of completion of the Transaction is not certain and constitutes forward-looking information as defined in the Securities Law, 1968. The information is based on data in the company's possession as of the date of this report and is subject to various approvals of third parties, in addition to other conditions precedent. The company's assessments regarding the Transaction may not materialize, in whole or in part, or may materialize in a manner different from that anticipated, and may be affected by factors that cannot be assessed in advance and which are not under the company's control.

File attached

The company is not a shell company as defined in the TASE Regulations

The date on which the corporation first became aware of the event: 13/05/2026 at: 11:54

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

	Name of signatory	Position
1	Amit Birman	Chief Executive Officer
2	Hila Tirosh	Other Vice President, General Counsel

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted under these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff position on the 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):

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

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

Short name: Shikun & Binui

Address: Hayarden1A, Airport City70100 Telephone: 03-6301111, Fax: 03-6301595

E-mail: hilat@shikunbinui.com Company

website: http://www.shikunbinui.co.il

Former names of the reporting entity: Shikun & Binui Holdings Ltd.

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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.

Name of electronic reporter: Tirosh-Ankri HilaPosition: Legal Counsel and Company SecretaryName of employing company:
Shikun & Binui Ltd.
Address: Hayarden 1, Airport City70100Telephone: 03-6301517Fax: 03-6301520E-mail: hilat@shikunbinui.com