Tel Aviv Stock Exchange Ltd. — Capital/Financing Update 2023

Dec 28, 2023

Engagement in a Loan Agreement false

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THE TEL-AVIV STOCK EXCHANGE LTD
Corporation no: 520020033	14778
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	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	28/12/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-117871	Time of broadcast: 20:11 20:11

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English language report to Israeli corporateThis form is for reports that has been translated to English (convenience translation) and should be published alongside with the report in Hebrew in accordance with the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970.

References of previous reports relating to this matter:   _________   _________   _________

Re: Engagement in a Loan Agreement Further to the stated in section 8 of TASE�s immediate report dated 14.12.2023 (reference no.: 2023-01-136362) concerning the approval by the Board of Directors of TASE�s engagement in an agreement with a financial institution for the receipt of a loan in an amount of up to NIS 150 million, this to ensure the surplus liquidity required pursuant to the models implemented by the TASE Group, TASE announces that, on 28.12.2023, it entered into a loan agreement with a bank (hereafter: �the Loan Agreement� and �the Bank�, respectively), all as described below: 1. The Bank will extend to TASE a NIS loan in an amount of NIS 150 million (hereafter: �the Loan�). The loan shall be repayable (principal) in 36 equal monthly installments, starting on January 2024. 2. The loan will bear annual interest at the rate of Prime with the addition of a 0.5% margin (to the date of this immediate report - 6.75%). The interest on the Loan will be repayable in equal monthly installments as above, through to the final repayment of the principal of the Loan. 3. As part of the terms of the Loan Agreement, TASE has undertaken to the Bank to comply with the following covenants (hereafter: �the Covenants�): 3.1. The amount of equity (as defined in the Loan Agreement) of TASE at all times shall not fall below an amount equal to 45% of TASE�s net asset value. According to the company�s financial statements as of 30.9.2023, the amount of equity is equal to 75% of TASE�s net asset value. 3.2. The debt service ratio (as defined in the Loan Agreement) of TASE at all times shall not fall below 1.25. According to the company�s financial statements as of 30.9.2023, the debt service ratio is 1.5. 3.3. The debt service coverage ratio (as defined in the Loan Agreement) of TASE at all times shall not exceed 2.5. According to the company�s financial statements as of 30.9.2023, the debt service coverage ratio is 1.4. The Covenants will be reviewed every quarter, subsequent to the approval of the financial statements of TASE. 4.In addition, TASE has undertaken not to pledge or mortgage and not to undertake to pledge or mortgage (�negative pledge�) in any manner whatsoever and for any purpose whatsoever its rights in the TASE building on #2 Ahuzat Bayit St., Tel Aviv-Jaffa. TASE has also made undertakings that are customary in agreements such as the Loan Agreement.

Attached hereto is a report on	Engagement in a Loan Agreement

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	Reference to parallel Hebrew report:	2023-01-117868
	This report was not reported in Hebrew.

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

	Name of the signer	Corporate Role
1	Ittai Ben Zeev	CEO _________

Note: According to Rule 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these Regulations will be signed by the authorized persons to sign on behalf of the corporation. For the ISA staff notice Click here .2 2

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
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Stock Exchange/Market: ������ ���� ���	Date of revision of form structure: 05/12/2023
Address: ����� ��� 2, �"� 29060 ����� 6129001 , �� ���� 6525216   , Tel: 076-8160571 , Fax: 076-8160331
E-mail address: gilc@tase.co.il   Company site: tase.co.il
Previous names of reporting entity:
Name of the Signatory: ��� ���� ���� Position of Signatory in the reporting corporation: Name of Employer Company:
Address: ����� ��� 2 , �� ���� 6525216 Telephone: 076-8160571 Facsimile: 076-8160331 E-mail: efratb@tase.co.il 1