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. .

Isrotel Ltd. ("the Company")

To

To

June 29, 2026

Israel Securities Authority

Tel Aviv Stock Exchange Ltd.

via Magna

via Magna

Dear Sir/Madam,

Subject: Update regarding the fulfillment of the suspensive conditions for the completion of the sale of the remaining shares (50%) in Tzafon Hayarkon Tel Aviv Ltd.

Further to the Immediate Report published by the Company on May 11, 2026 (Ref. No.: 2026-01-043209) ("the Previous Report"), in connection with the Company entering into a conditional agreement with Pi Siam Ltd. ("Pi Siam") for the sale of the Company's holdings in the shares of Tzafon Hayarkon Tel Aviv Ltd. ("Tzafon Hayarkon"), which holds the Isrotel Port Tower Tel Aviv Hotel, representing 50% of the issued and paid-up share capital of Tzafon Hayarkon, all as detailed in the Previous Report ("the Agreement" and "the Transaction"), the Company is pleased to update that all the suspensive conditions stipulated in the Agreement, required for the completion of the Transaction, have been fulfilled. The Company expects that the Transaction will be completed in the coming days.

Isrotel Ltd.

By: Mirit Cohen

Isrotel Controller

4/29/2026 | 12:49:36 PM | v1.2.5