Telsys Ltd. — Major Shareholding Notification 2025

Oct 12, 2025

TELSYS LTD.

TELSYS LTD.

Registration Number: 520038100

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T078 (Public) Transmitted via MAGNA: 12/10/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01- 074819

Immediate Report on a Person Becoming an Interested Party in the Corporation

Regulation 33(e)-(f) of the Securities Regulations (Periodic and Immediate Reports), 1970

1. Holder Details:

First Name:
First Name in English as appears in passport:
Last Name/Corporation Name: MENORA MIVTACHIM HOLDINGS LTD
Last Name/Corporation Name in English: Menora Mivtachim Holdings Ltd
Identification Type of Number: Number in the Israeli Companies Registrar
☑ The holder is a corporation
Identification Number: 520007469
Citizenship/ Country of Incorporation or Registration: Incorporated in Israel
Country of Citizenship/ Incorporation or Registration:
Address: 23 Jabotinsky St., Ramat Gan

Is the holder acting as a representative for the purpose of reporting on several shareholders holding together securities of the corporation: Yes

Name of controlling shareholder in the interested party: See notes

Identification number of the controlling shareholder in the interested party: See notes

2. Details of the Action as a Result of Which the Holder Became an Interested Party in the Corporation:

a. Nature of the action: Increase due to purchase on the stock exchange
Explanation:
b. Name and type of security subject to the action: TELSYS LTD. Ordinary Share 1 ILS
c. Security number on the stock exchange: 354019
d. Date of action: 09/10/2025
e. Quantity of securities subject to the action: 27,131
f. Price at which the action was performed: 18,713.97 agorot
g. Whether they are dormant shares or securities convertible into dormant shares: No
h. 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

3. a. Holdings of the Interested Party after the Action:

Name, Type, and Series of Security	Security Number on TASE	Quantity of Securities	Dormant*	Holding Percentage	Holding Percentage (Full Dilution)
TELSYS LTD. Ordinary Share 1 ILS	354019	472,496	No	5.22% equity, 5.22% voting	5.09% equity, 5.09% voting

b. The holder is a member of an institutional reporting group.

Below is a breakdown of holdings:

completion of the payment: _________

Holder Type	Name, Type, and Series of Security	Security Number	Quantity of Securities	Dormant
Nostro Account	TELSYS LTD. Ordinary Share 1 ILS	354019	4,480	No
Provident Funds and Companies Managing Provident Funds	TELSYS LTD. Ordinary Share 1 ILS	354019	468,016	No

Explanations:

• 1. If the interested party holds more than one type of security, the holding percentages should be indicated considering all securities held by him only in one row.
• 1. It is also necessary to report holdings of other securities, including those not listed for trading.
• 1. If the interested party is a subsidiary, the holdings should be split between shares acquired before the entry into force of the Companies Law, 1999, and shares acquired after its entry into force.
• 1. When the holder is not a member of an institutional reporting group, only section 3a should be completed. When the holder is a member of an institutional reporting group, both sections 3a and 3b should be completed.
• 1. If the interested party is a corporation wholly owned (100%) by a single controlling shareholder, the name of the controlling shareholder should be indicated in the "Holder Name" field, and the details of the corporation(s) through which the shares are held, along with any other relevant details, should be provided in the notes at the bottom of the form. Conversely, if the interested party is a corporation held by more than one controlling shareholder or by several interested parties, the name of the holding corporation should be indicated in the "Holder Name" field, and the details of the controlling shareholders or interested parties holding the holding corporation should be provided in the notes at the bottom of the form.
• 1. Reporting regarding a person with a significant means of control in a banking corporation without a control core should be reported in report T121.
• Please indicate whether these are dormant shares or securities convertible into dormant shares.

☑ The interested party does not hold shares or other securities in a held company, if its activity is material to the activity of the reporting corporation.

The interested party holds shares or other securities in a held company, if its activity is material to the activity of the reporting corporation, as detailed below:

#	Name of the held company if its activity is material to the reporting corporation	Type of Identification Number	Identification Number	Country of Incorporation or Registration	Country	Nature of connection to the reporting corporation	Type of Security	Security Number	Quantity of Securities	Holding Percentage of same type of securities	Holding Percentage in Equity	Holding Percentage in Voting Rights
1

5. Additional Details:

MENORA MIVTACHIM HOLDINGS LTD (hereinafter: "Menora Holdings") is a public company whose shares are traded on the Tel Aviv Stock Exchange. The main shareholders of the company are Palms Establishment and Nayden Establishment (foreign corporations) who together hold in trust approximately 62.76% (considering the number of dormant shares) of the company's shares for Ms. Tali Grifel and Ms. Niva Gurevich, respectively. The foreign corporations have granted Ms. Tali Grifel and Ms. Niva Gurevich powers of attorney to vote on behalf of each of them (respectively) at the company's general meetings, and accordingly, Ms. Tali Grifel and Ms. Niva Gurevich are considered the controlling shareholders of the company ("controlling shareholders").

Subsidiaries:

• Menora Mivtachim Insurance Ltd. 520042540
• Menora Mivtachim Pension and Provident Ltd. 512245812
• Shomera Insurance Company Ltd. 510015951
• Menora Mivtachim and the Engineers' Association Provident Fund Management Ltd. 513701508

6. The date and time the corporation first became aware of the event or matter:

12/10/2025 at 09:29

Authorized Signatories on behalf of the Corporation:

#	Name of Signatory	Position
1	Boaz Finkelstein	Other: Deputy CEO 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. The staff's position on the 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

Form structure update date: 04/02/2025

Short Name: TELSYS LTD.

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

Email: boaz@telsys.co.il Company website: www.telsys.co.il

Previous names of the reporting entity:

Electronic reporter name: Boaz Finkelstein Position: Deputy CEO Finance and Company Secretary Employer company name:

Address: 5 Granit St., Petah Tikva 4900102 Phone: 03-7657622 Fax: 03-6497407 Email: boaz@telsys.co.il