M. Yohannoff & Sons (1988) Ltd.
Re: Acquisition of Land Designated for Agriculture
To: Israel Securities Authority Via MAGNA
To: Tel Aviv Stock Exchange Ltd. Via MAGNA
4 November 2025
Acquisition of Land Designated for Agriculture
The company is honored to announce that it has entered into an agreement with a third party unconnected to the company, for the purchase of approximately 107 dunams of land designated for agriculture, in Ness Ziona¹ (the land). As consideration for the purchase of the land as mentioned, the company will pay a sum of NIS 27,000,000². In addition, the company will pay an additional sum of NIS 5,100,000 to a third party not connected to the company, as initiation fees for the negotiations conducted with the seller of the land regarding the terms of the purchase agreement and their assignment to the company³.
Signed by:
Eitan Yohannoff, CEO and Director
Hazi Sidon, Head of Legal Department and Company Secretary
The company intends to use the land for agricultural purposes, including the cultivation of fruit and vegetable products that the company intends to sell in its stores, thereby reducing costs associated with the supply chain of these products. In addition, the company may consider in the future changing the zoning of the land and upgrading its value.
Respectfully,
M. Yohannoff & Sons (1988) Ltd.
Except as mentioned above regarding the company's entry into the aforementioned agreement, all that is stated in this report is forward-looking information (as dened in the Securities Law, 1968), including the completion of the purchase agreement, execution of agricultural activities on the land, and changing the land's zoning. The aforementioned events and estimates are not under the company's control and their actual realization may differ materially from what is planned, including, but not limited to, obtaining approvals from the competent authorities for the sale of food grown by the company.
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Known as Block 3639, Parcels 254 and 209 (partially). 1
Will be paid according to a payment schedule in accordance with the progress of transferring rights and registration, as is customary in such transactions. 2
Will be paid upon signing, and will be refunded to the company if the transaction is not completed. 3