Turpaz Industries Ltd.

Major Shareholding Notification • Nov 27, 2025

TURPAZ INDUSTRIES LTD

TURPAZ INDUSTRIES LTD

Company number: 514574524

To:

Israel Securities Authority (www.isa.gov.il)

Tel Aviv Stock Exchange Ltd. (www.tase.co.il)

Form T079 (Public)

Transmitted via MAGNA: 27/11/2025

Reference: 2025-01-093892

Immediate Report on Person Ceasing to be an Interested Party in the Corporation

According to Regulation 33 (h) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: Everywhere the term 'interested party' is used, it also refers to a person holding a substantial means of control in a banking corporation with no controlling core.

1. Details of the Holder:

First Name: Alon

First Name in English as in Passport: Alon

Last Name/Corporation Name: Granot

Last Name/Corporation Name in English: Granot Type of Identification Number: Israeli ID Number

Identification Number: 057210247

Citizenship / Country of Incorporation or Registration: Private individual with Israeli citizenship

Country of Citizenship / Incorporation or Registration: _________

Address: Finland, Haifa

with him: No

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

2. Details of the Action Following Which the Holder Ceased to be an Interested Party in the Corporation:

a. Nature of the Action: Decrease, due to off-exchange sale b. Name and Type of Security Subject to the Action: Turpaz
Ordinary Share c. Security Number on the Stock Exchange: 1175611 d. Date of Execution of the Action: 27/11/2025 e.
Quantity of Securities Subject to the Action: 1,000,000 f. Transaction Price: 6,000 agorot g. Are these dormant shares or
securities convertible into dormant shares? No h. Was the entire consideration paid at the time of change? Yes If not,
specify payment completion date:

3. a. Holdings After the Action:

Name, Type, and Series of Security	Security Number on TASE	Quantity of Securities	Dormant	Holding Percentage	Holding Percentage (Full Dilution)
Turpaz Ordinary Share	1175611	2,732,765	No	Equity: 2.52%	Equity: 3.05%
				Vote: 2.52%	Vote: 3.05%

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.

b.

					The holder is not a member of an institutional reporting group.
--	--	--	--	--	-----------------------------------------------------------------

• The holder is not a member of an institutional reporting group, but serves/served as an officer in the company who is not a CEO or director and was not an interested party by virtue of his holdings.
• The holder is a hedge fund as defined in the Joint Investments in Trust Regulations (Permitted Assets and their Maximum Proportions), 1994.
• The hedge fund has the right to appoint a director or representative to the company's board: _________
• The holder is a member of an institutional reporting group. The following are his holdings:

Holder	Name, Type, and Series of Security	Security Number on TASE	Quantity of Securities	Dormant

Notes:

• 1. If the interested party holds more than one type of security, the holding rates, accounting for all securities held, should be noted in one row only.
• 1. Also report holdings in other securities, including those not listed for trading.
• 1. Where the interested party is a subsidiary, split holdings into shares acquired before and after the Companies Law, 1999, came into effect.
• 1. If the holder is not a member of an institutional reporting group, only section 3a should be completed. If the holder is a member, sections 3a and 3b must be completed.
• State whether dormant shares or securities convertible into dormant shares are involved.

4. Additional Details:

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.

Holds together with Rivka Granot, who also ceased to be an interested party in the company as detailed in the immediate report published concurrently with this report. The shares were sold to a leading global investment bank. The sale transaction included an option to purchase 500,000 shares of the company held by Mr. Granot, at an exercise price of 6,300 agorot per share, subject to customary adjustments in such transactions. The option can be exercised in a single transaction within the period from November 27, 2025, through May 27, 2026. Concurrently with this transaction, additional sale transactions were conducted by other interested parties of the company to the same purchasing body, as detailed in immediate reports published concurrently with this one.

5. Date and Time the Corporation First Became Aware of the Event or Matter:

Date: 27/11/2025 Time: 19:00

Details of Authorized Signatories on behalf of the Corporation:

#	Signatory Name	Position
1	Yoni Adini Cohen	Other: Legal Advisor and Company Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), reports filed under these regulations must be signed by authorized signatories on behalf of the corporation. Staff position can be found on the Authority website: Click here.

Previous reference numbers for related documents (mention does not imply inclusion by reference):

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange Date of form structure update: 04/02/2025

Short Name: Turpaz

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.

Address: Hashita 10, Caesarea 3079856

Phone: 03-5598211 Fax: 03-5598212

Email: info@turpaz.co.il

Company website: www.turpaz.co.il

Previous names of the reporting entity:

Electronic reporter name: Yoni Adini

Position: Chief Legal Counsel and Company Secretary

Employer:

Address: Halav 2, Holon 5885708

Phone: 054-8010552 Email: yoni@turpaz.co.il

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