G. Willi-Food International Ltd. — Share Issue/Capital Change 2020

Sep 1, 2020

- תרגום נוחות – הנוסח המחייב הוא נוסח הדיווח באנגלית שלהלן -

1 בספטמבר 2020

הקצאה פרטית מוצעת של מניות וכתבי אופציה

החברה מתכבדת להודיע כי בהמשך לאישור דירקטוריון החברה, היא קיבלה התחייבויות ממשקיעים ישראליים מוסדיים ומסווגים )"המשקיעים"( להשתתף בהקצאה פרטית )"ההקצאה הפרטית"( של מניות רגילות של החברה ושל כתבי אופציה לרכישת מניות רגילות של החברה.

החברה צפויה להנפיק למשקיעים סך של 650,000 מניות רגילות של החברה וכתבי אופציה לרכישת עד 650,000 מניות רגילות של החברה )"כתבי האופציה"(. המחיר למניה ולכתב אופציה בהקצאה הפרטית נקבע על סך של 66 ש"ח )כ19.67- דולר(. כתבי האופציה ניתנים למימוש לתקופה בת שנה ממועד ההקצאה הפרטית, בתמורה למחיר מימוש בסך של 73 ש"ח למניה )כ21.76- דולר(. התמורה הכוללת ברוטו לחברה מההקצאה הפרטית צפויה להסתכם בסך של 42.9 מיליון ש"ח )כ12.79- מיליון דולר(, לא כולל התמורה ממימוש כתבי האופציה, ככל שימומשו.

השלמת ההקצאה הפרטית כפופה לקבלת אישורים רגולטוריים מסוימים, הצפויים להתקבל במהלך החודש הקרוב.

ההקצאה הפרטית המתוארת בדוח זה צפויה להתבצע, ככל שתתבצע, בישראל בלבד ולמשקיעים שאינם "Persons .S.U "כהגדרת מונח זה בכלל 902 )902 Rule )של ה1933 of Act Securities, כפי שתוקן מעת לעת )"Act Securities)". מניות החברה, אם יימכרו, לא יירשמו בהתאם הוראות ה-Act Securities ולא יוצעו או יימכרו בארה"ב ללא רישום או פטור מדרישות הרישום של ה- Act Securities. דוח זה אינו מהווה הנפקה לציבור או הזמנה לרכוש את ניירות הערך של החברה.

FOR IMMEDIATE RELEASE

G. WILLI-FOOD INTERNATIONAL ANNOUNCES PROPOSED PRIVATE PLACEMENT TO ISRAELI INSTITUTIONAL AND ACCREDITED INVESTORS

YAVNE, Israel - September 1, 2020 - G. Willi-Food International Ltd. (NASDAQ: WILC) (TASE: WILF) (the "Company" or "Willi-Food"), a global company that specializes in the development, marketing and international distribution of kosher foods, announced today that, following the approval of its Board of Directors, it has received and accepted commitments from Israeli institutional and accredited investors as defined under Israel law (the "Investors") to participate in a private placement (the "Private Placement") of ordinary shares of the Company (the "Shares") and warrants to purchase ordinary shares of the Company.

The Company is expected to issue the Investors an aggregate of 650,000 Shares and warrants to purchase up to 650,000 ordinary shares of the Company (the "Warrants"). The price to receive each Share and Warrant in the Private Placement was set at NIS 66 (approximately \$19.67). The Warrants are exercisable for a period of one (1) year from the date of the Private Placement, with an exercise price of NIS 73 per share (approximately \$21.76). The gross proceeds to the Company in connection with the Private Placement are expected to be NIS 42.9 million (approximately \$12.79 million), excluding the proceeds from exercise of the Warrants, if exercised.

The closing of the Private Placement is subject to receipt of certain regulatory approvals, which are expected to be obtained during September 2020.

The Private Placement described in this report, if completed, will be made in Israel only and not to U.S. persons, as defined in Rule 902 of the U.S. Securities Act of 1933, as amended (the "Securities Act"). The ordinary shares, if sold, will not be registered under the Securities Act and will not be offered or sold in the United States without registration or applicable exemption from the registration requirements according to the Securities Act. Nothing in this press release constitutes a public offering or an invitation to purchase Company securities.

ABOUT G. WILLI-FOOD INTERNATIONAL LTD.

G. Willi-Food International Ltd. (http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over 600 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and sells its food products to over 1,250 customers and 2,500 selling points in Israel and around the world including large retail and private supermarket chains, wholesalers and institutional consumers. The Company's operating divisions include Willi-Food in Israel and Euro European Dairies Ltd. (Former: "Gold-Frost Ltd."), a wholly owned subsidiary who designs, develops and distributes branded kosher, dairy-food products.

FORWARD LOOKING STATEMENT

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products and expected sales, operating results, and earnings. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: monetary risks including changes in marketable securities or changes in currency exchange rates- especially the NIS/U.S. Dollar exchange rate, payment default by any of our major clients, the loss of one of more of our key personnel, changes in laws and regulations, including those relating to the food distribution industry, and inability to meet and maintain regulatory qualifications and approvals for our products, termination of arrangements with our suppliers, loss of one or more of our principal clients, increase or decrease in global purchase prices of food products, increasing levels of competition in Israel and other markets in which we do business, changes in economic conditions in Israel, including in particular economic conditions in the Company's core markets, our inability to accurately predict consumption of our products and changes in consumer preferences, our inability to protect our intellectual property rights, our inability to successfully integrate our recent acquisitions, insurance coverage not sufficient enough to cover losses of product liability claims, risks associated with product liability claims and risks associated with the start of credit extension activity. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2019, filed with the Securities and Exchange Commission on March 19, 2020. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release.

Company Contact: G. Willi - Food International Ltd. Yitschak Barabi, Chief Financial Officer (+972) 8-932-1000 itsik.b@willi-food.co.il SOURCE: G. Willi-Food International Ltd.