Tel Aviv Stock Exchange Ltd. — Board/Management Information 2025

Dec 9, 2025

THE TEL-AVIV STOCK EXCHANGE LTD

Registration Number: 520020033

To:

• Israel Securities Authority
• THE TEL-AVIV STOCK EXCHANGE LTD

Form T094 (Public)

Sent via MAGNA: 09/12/2025

Reference No.: 2025-01-097891

Immediate Report regarding a Senior Officer Ceasing to Serve in Position

Regulation 34(a) of the Securities Regulations (Periodic and Immediate Reports), 1970

Explanation: In accordance with Regulation 34(d) of the Securities Regulations (Periodic and Immediate Reports), 1970, a list of senior officers must be submitted concurrently with this form using Form T097.

Reference Numbers of previous reports on this matter: _________, _________, _________.

1. First Name: Merav

Surname/Corporate Name: Ben Cnaan Heller

Surname and First Name in English: Ben Cnaan Heller Merav

Type of Identification Number: Identity Card Number

Identification Number: 029641883

	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. Citizenship/Country of Incorporation or Registration: Private individual with Israeli citizenship
	Country of Citizenship/Incorporation or Registration:
	2. Position Ceased to Be Held:
	Position	Description
1	External Director
	that is a director.		Explanation: The following details should be filled out if the position ceased is that of a director appointed on behalf of a corporation
	Name of appointing corporation:
	Type of Identification Number:
	Identification Number:		Citizenship/Country of Incorporation or Registration:
			Country of Citizenship/Incorporation or Registration:
			3. Date when ceased or will cease to serve: 08/12/2025
	Start date of tenure: 09/12/2016

4. To the best knowledge of the corporation, the resignation:

is not associated with circumstances that must be brought to the attention of the holders of the corporation's securities.

If there are such circumstances, specify: _________

Explanation: If the resignation is associated with such circumstances, details must be provided.

5. Manner of Termination of Tenure:

Termination of tenure

6. Position continuing to be held in the corporation: Is not holding any position in the corporation
Does the person continue to serve as a senior officer in the company? No
Explanation: If serving as an electronic signatory and the position title changed – report via form T300. If they no longer hold any position in the corporation – report via form T301 concurrently.
7. Was the director a member of a board committee?
Yes
Committee name(s):
Audit Committee (including when acting as Compensation Committee and Balance Committee) Risk Management Committee
8. Will the senior officer, after resignation, continue to be an interested party by virtue of holdings?
No
/ By virtue of being a senior officer as required in Regulation 33(h) of the Securities Regulations (Periodic and Immediate Reports), 1970 No
9. Did the company regard the resigning director as possessing accounting and financial expertise?
Yes

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

Explanation/Other reason: _________

version. For more information, please review the legal disclaimer.

10. Below is the text of the resignation notice of the external director and the reasons for the resignation:

11. Did the company regard the resigning director as an independent director?

Yes

Has the proportion of independent directors serving on the board decreased below the required proportion as provided in the company's articles regarding board independence? No

Is there still a majority of independent directors despite the resignation? Yes

12. The date and time the corporation first became aware of the event or matter the report relates to:

On: 09/12/2025

At: 00:00

Details of Authorized Signatories for the Corporation

	Name	Position
1	Itai Ben Zeev	CEO

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

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

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.

הבורסה לניע בתא :Name Short

Address: Ahuzat Bayit 2, P.O.B. 29060, Postal code 6129001, Tel Aviv 6525216

Telephone: 076-8160571

Fax: 076-8160331

Email: livnatw@tase.co.il

Website: tase.co.il

Electronic Reporter Name: Freund Keren Rachel / Position: Legal Counsel / Employer: -

Address: Ahuzat Bayit 2, Tel Aviv 6525216 / Phone: 076-8160571 / Email: kerenf@tase.co.il

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

Updated form structure date: 06/08/2024

No images were present in the original document.