^{}[] 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. .

Azorim Investment Development and Construction Ltd.

("the Company")

July 15, 2026

To:

Israel Securities Authority

The Tel-Aviv Stock Exchange Ltd.

www.isa.gov.il

www.tase.co.il

Subject: Immediate report regarding issuance results according to a shelf offering report dated July 14, 2026

In accordance with the provisions of Section 30 of the Securities Law, 1968 and the Securities Regulations (Notice of the Results of the Offer in a Prospectus), 1969, the Company is pleased to announce the results of the issuance of the BONDS (Series 16) of the Company by way of expansion of the said series, listed for trading on the Tel-Aviv Stock Exchange Ltd. ("the Exchange"), according to the shelf offering report of the Company dated July 14, 2026¹ ("the Shelf Offering Report") published by virtue of the shelf prospectus published by the Company on July 24, 2025, bearing the date July 25, 2025², as follows:

1. In the Shelf Offering Report, up to 447,157,000 NIS par value BONDS (Series 16) were offered to the public, registered by name, of 1 NIS par value each of the Company ("the BONDS (Series 16)"), by way of expansion of the BONDS series (Series 16).

2. The BONDS (Series 16) were offered to the public in a uniform offer in 447,157 units of 1,000 NIS par value each ("the Units"), by way of a tender on the price of the unit which shall not be less than 1,059 NIS, all under the conditions specified in the Shelf Offering Report.

3. Of the Units offered to the public in the tender, the Company was given early commitments from classified investors³ for the purchase of 383,555 units (constituting 85.77% of the Units offered to the public in the tender as detailed below).

4. The following are the results of the tender for the purchase of BONDS (Series 16) held on July 15, 2026 ("the Tender"):

4.1 Within the framework of the Tender, 46 orders were received from classified investors for the purchase of 383,555 units with a total monetary value of approximately 406.2 million NIS. Within the framework of the Tender, no bids were received from the public.

4.2 The price per unit as determined in the Tender is 1,059 NIS ("the Determined Price").

1. In accordance with the conditions of the Tender, 383,555 units will be allocated, with a par value of 383,555,000 NIS, as follows:

5.1 33 orders from classified investors for the purchase of 293,579 units, in which a unit price higher than the Determined Price was specified, were fully accepted.

¹ Reference No.: 2026-01-066987.

² Reference No.: 2025-01-055166.

^{}[] 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. .

^{}[] 3 As defined in Section 1 of the Securities Regulations (Manner of Offering Securities to the Public), 2007.

5.2 13 orders from classified investors for the purchase of 89,976 units, in which the Determined Price was specified, were fully accepted.

1. The offer of BONDS (Series 16) according to the Shelf Offering Report was not guaranteed by underwriting.

2. The BONDS (Series 16) are issued above their adjusted value, and therefore without discount.

3. The total proceeds (gross) to be received by the Company for the BONDS (Series 16) to be allocated as stated, total approximately 406.2 million NIS.

The Company thanks the investing public for its response to the offer according to the Shelf Offering Report.

Respectfully,

Azorim Investment Development and Construction Ltd.

By: Adi Dana, CEO of the Company

Levi Strassler, CFO

7/15/2026 | 3:55:44 PM | v1.2.5