TELSYS LTD.

Registration Number: 520038100

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T076 (Public) Sent via MAGNA: 26/08/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01-063992

Correction Report for a Disrupted Report Sent on 25/08/2025 with Reference Number: 2025-01-063517

The Disruption: The number of warrants granted by Arledan Holdings for the purchase of shares of the company.
Reason for the Disruption: Typographical error
Main Correction: Arledan Holdings granted the same purchaser an option for a period of 9 months to purchase 457,247 shares of the company.

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting a change in holdings of securities of the reporting corporation only. For reporting a change in holdings of securities of a held company whose activity is material to the activity of the reporting corporation, use Form T121.

1

Name of Corporation/Last Name and First Name of Holder: Arledan Holdings (1982) Ltd.

Name of Corporation/Last Name and First Name of Holder in English as Registered with the Companies Registrar or in Passport: ARLEDAN HOLDINGS (1982) LTD

Type of Identification Number: Israeli Companies Registrar Number

Identification Number of Holder: 520033580

Type of Holder: Interested party not meeting any other definitions

Does the hedge fund have the right to appoint a director or representative to the company's board?

Is the holder acting as a representative for reporting purposes for several shareholders holding securities of the corporation together with him? No

Name of Controlling Shareholder in the Interested Party: Tzli Reshef

Identification Number of Controlling Shareholder in the Interested Party: 051564896

Citizenship/Country of Incorporation or Registration: Incorporated in Israel

Country of Citizenship/Incorporation or Registration:

Security Number on the Stock Exchange: 354019

Name and Type of Security: TELSYS LTD.

Nature of Change: Decrease

Due to off-exchange sale

Note: Purchase or sale of shares on the exchange by way of a matched transaction, as defined in the third part of the exchange regulations, will be classified as an off-exchange transaction, with disclosure in the free text field that the transaction was carried out in this way.

Is this a change in a single transaction or multiple transactions (cumulative change): Multiple transactions

Date of Change: 25/08/2025

Transaction Price: 21,870 agorot Currency: agorot

Are these dormant shares or securities convertible to dormant shares: No

Balance (in number of securities) in the last report: 1,831,683 Holding percentage of total securities of the same type in the last report: % 20.24

Change in number of securities: 203,447 -

Current balance (in number of securities): 1,628,236 Current holding percentage of total securities of the same type: % 17.98

Holding percentage after the change: In capital: % 17.99 In voting rights: % 17.99

Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: % 17.56 In voting rights: % 17.56

Note number: 1

Note: If a value of increase due to a forced purchase of loaned securities or a value of decrease due to a forced sale of loaned securities is selected, then loaned securities not returned to the lender and thus the lending action became a forced purchase and the lending action a forced sale.

No.	Note
1	off-exchange Arledan Holdings (1982) Ltd. sold in an transaction 339,247 shares of the company at a price of 21,870 agorot per share and purchased 135,800 shares from Ohad Yaniv and Ofer Osterlitz in equal parts (half from each) at a price of 21,870 agorot. In addition, Arledan Holdings intends to grant the same purchaser an option for a period of 9 months to purchase 457,247 shares of the company at a price of 23,500 agorot and to receive an option for a period of 9 months to purchase 135,800 shares of the company from Ohad Yaniv and Ofer Osterlitz in equal parts (half from each) at a price of 23,500 agorot. Arledan Holdings will assume the lock-up restrictions under Section 15 of the Securities Law, 1968 and the regulations thereunder, applicable to the shares it will purchase from Ohad Yaniv and Ofer Osterlitz.

No.

Note

off-exchange
Arledan
Holdings
(1982)
Ltd.
sold
in
an
transaction
339,247
shares
of
the
company
at
a
price
of
21,870
agorot
per
share
and
purchased
135,800
shares
from
Ohad
Yaniv
and
Ofer
Osterlitz
in
equal
parts
(half
from
each)
at
a
price
of
21,870
agorot.
In
addition,
Arledan
Holdings
intends
to
grant
the
same
purchaser
an
option
for
a
period
of
9
months
to
purchase
457,247
shares
of
the
company
at
a
price
of
23,500
agorot
and
to
receive
an
option
for
a
period
of
9
months
to
purchase
135,800
shares
of
the
company
from
Ohad
Yaniv
and
Ofer
Osterlitz
in
equal
parts
(half
from
each)
at
a
price
of
23,500
agorot.
Arledan
Holdings
will
assume
the
lock-up
restrictions
under
Section
15
of
the
Securities
Law,
1968
and
the
regulations
thereunder,
applicable
to
the
shares
it
will
purchase
from
Ohad
Yaniv
and
Ofer
Osterlitz.

1. Was the entire consideration paid at the time of the change? Yes

If not all the consideration was paid at the time of the change, please specify the date of completion of the payment:

2. If the change is by way of signing a loan agreement, please specify details regarding the termination of the loan:

Explanation: Please specify the holding percentages taking into account all securities held by the interested party.

1. The date and time the corporation first became aware of the event or matter: 25/08/2025 at 09:47
1. Details of the actions that caused the change:

Details of the authorized signatories on behalf of the corporation:

	Name of Signatory	Position
1	Boaz Finkelstein	Other Deputy CEO of Finance and Company Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations shall 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.

Previous reference numbers of 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

Short name: TELSYS LTD.

Address: Granit 5, Petah Tikva 4951404 Phone: 03-7657666, 03-7567622 Fax: 03-6497407

Email: [email protected] Company website: www.telsys.co.il

Previous names of the reporting entity:

Name of electronic reporter: Finkelstein Boaz Position: Deputy CEO of Finance and Company Secretary Employer company name:

Address: Granit 5, Petah Tikva 4900102 Phone: 03-7657622 Fax: 03-6497407 Email: [email protected]

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Telsys Ltd.

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