Tamar Petroleum Ltd.

Share Issue/Capital Change • Sep 17, 2025

TAMAR PETROLEUM LTD

TAMAR PETROLEUM LTD

Registration Number: 515334662

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T087 (Public) Sent via MAGNA: 17/09/2025 Israel Securities Authority: www.isa.gov.il Tel Aviv Stock Exchange: www.tase.co.il Reference: 2025-01-070020

Capital Structure, Grant of Rights to Purchase Shares, and Registers of the Corporation's Securities and Changes Therein

Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change:

Exercise of warrants

Explanation: Briefly describe the nature of the change

Reference numbers of previous reports on the subject: _________, _________, _________.

1. The corporation's securities after the change:

Name and Type of Security	Security Number	Quantity in Registered Capital	Issued and Paid-up Capital (Last Report)	Issued and Paid-up Capital (Current)	Quantity Registered in the Name of the Registration Company
TAMAR PETROLEUM LTD Ordinary Share	1141357	200,000,000	88,644,476	88,708,751	88,708,751
TAMAR PETRO Debenture A	1141332	0	1,230,990,178	1,230,990,178	1,230,990,178
TAMAR PETRO Debenture B	1143593	0	1,056,137,541	1,056,137,541	1,056,137,541
TAMAR PETRO Others	1185842	0	487,649	487,649	0
TAMAR PETRO Employees	1193523	0	1,005,900	921,396	0

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

1. The corporation announces that: From date: 16/09/2025 to date: 17/09/2025

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 warrants

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

Section 1

1. Name of the registered holder affected by the change: The Registration Company of the Tel Aviv Stock Exchange Ltd. Type of identification number: Number in the Israeli Companies Registrar Identification number: 515736817

Nature of the change: Exercise of options Date of change: 17/09/2025 Executed via the stock exchange clearing house: Yes Type and name of security affected: TAMAR PETROLEUM LTD Ordinary Share Security number: 1141357 Holder's balance in the security in the last report: 88,644,476 Holder's balance in this security after the change: 88,708,751 Total quantity of securities increased/decreased: 64,275 Is this a grant of rights to purchase shares: No Total consideration for allocated securities: _________ Security number of the share resulting from the exercise: _________ Number of shares resulting from full exercise/conversion: _________ Total additional consideration from full exercise/conversion: _________ Period during which the security can be exercised: _________ From: _________ To: _________ Allocated securities will be registered for trading: _________ The allocation of said securities is further to: _________ published on: _________ and its reference number is: _________

[ ] The security has been fully paid and the consideration has been fully received. (Checked) [ ] The security has been fully paid, but the consideration has not been fully received. [ ] Issued for ATM program purposes. [ ] Other. Explanation: _________

1. Name of the registered holder affected by the change: I.B.I. Trust Management Ltd. Type of identification number: Number in the Israeli Companies Registrar Identification number: 515020428

Nature of the change: Exercise of options Date of change: 16/09/2025 Executed via the stock exchange clearing house: Yes Type and name of security affected: TAMAR PETRO Employees Security number: 1193523 Holder's balance in the security in the last report: 1,005,900 Holder's balance in this security after the change: 921,396 Total quantity of securities increased/decreased: 84,504 Is this a grant of rights to purchase shares: No Total consideration for allocated securities: _________ Security number of the share resulting from the exercise: _________ Number of shares resulting from full exercise/conversion: _________ Total additional consideration from full exercise/conversion: _________ Period during which the security can be exercised: _________ From: _________ To: _________ Allocated securities will be registered for trading: _________ The allocation of said securities is further to: _________ published on: _________ and its reference number is: _________

[ ] The security has been fully paid and the consideration has been fully received. (Checked) [ ] The security has been fully paid, but the consideration has not been fully received. [ ] Issued for ATM program purposes. [ ] Other. Explanation: _________

Explanations:

• 1. If the change affects more than one security, the effect of the change must be detailed in a separate row for each security.
• 1. Date of change all changes of the same type, in the same security, made on one day, will be summarized in one row. For this purpose – changes made through the stock exchange clearing house must be separated from changes made directly in the company's books.
• 1. The change for a decrease, add the sign "-".
• 1. In all quantity fields, the quantity of securities must be entered, not NIS par value.

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: Describe all details of the transaction or action that caused the change in the register.

Section 2

1. Name of the registered holder affected by the change: _________ Type of identification number: _________ Identification number: _________ Date of change: _________ Executed via the stock exchange clearing house: _________ Type and name of security affected: _________ Security number: _________ Quantity of change: _________ Holder's balance in this security after the change: _________

2. Main points of the register of shareholders as of the reporting date are as follows:

No.	Name of Registered Shareholder	Type of ID Number	ID Number	Security Number	Type and Par Value of Shares	Number of Shares	Holds Shares as Trustee
1	The Registration Company of the Tel Aviv Stock Exchange Ltd.	Number in the Israeli Companies Registrar	515736817	1141357	TAMAR PETROLEUM LTD Ordinary Share	88,708,751	No

• 1. Attached is a file of the register of shareholders in accordance with Section 130 of the Companies Law, 1999: [Register_of_Company_Shareholders_17092025_isa.pdf]
• 1. Attached is an updated file of the registers of the corporation's securities, including the register of option holders and the register of debenture holders: [Updated_Register_of_Company_Securities_17092025_isa.pdf]

Details of the authorized signatories on behalf of the corporation:

No.	Name of Signatory	Position
1	Barak Mishraki	CEO
2	Efrat Choze-Azrad	Other Legal Advisor and Deputy CEO

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

Exercise of the warrants was carried out through a net exercise mechanism as stated in the immediate report dated 14.12.2022 regarding a private offering that is not material and not exceptional.

Reference numbers of previous documents on the subject (the mention does not constitute inclusion by reference):

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

Form structure update date: 06/08/2024

Short name: TAMAR PETROLEUM LTD

Address: Galgalei Haplada 11, Herzliya 4672211 Phone: 074-7044779, Fax: 074-7044762 Email: efrat@tamarpetroleum.co.il Company website: www.tamarpetroleum.co.il

Previous names of the reporting entity:

Name of electronic reporter: Choze Azrad Efrat Position: Legal Advisor Employer company name:

Address: Galgalei Haplada 11, Herzliya 4672211 Phone: 074-7044779, Fax: 074-7044762 Email: efrat@tamarpetroleum.co.il