^{}[] 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. .

July 9, 2026

Matrix IT Ltd.

("the Company")

Immediate Report

The Company announces that on July 9, 2026, it entered into, through its wholly-owned subsidiary, an agreement for the purchase of $80\%$ of the share capital of Laor Energy (1993) Ltd. ("Laor" or "the Acquired Company") from the current shareholders of Laor, who to the best of the Company's knowledge are not related to the Company and/or its controlling shareholders ("the Sellers"), as detailed below ("the Transaction").

1. The Purchase

1.1 Upon completion of the Transaction, the Company will purchase $80\%$ of the issued and paid-up share capital of Laor. The remaining shares of the Acquired Company will continue to be held by the Sellers. Furthermore, mutual Put/Call options were granted for the purchase and sale of the remaining shares of the Acquired Company, at the end of a 3-year period from the date of completion of the Transaction.
1.2 The completion of the Transaction is subject to the fulfillment of closing conditions customary in transactions of this type, the main one being the approval of the Competition Authority.

2. Brief Description of the Acquired Company

2.1 Laor is engaged in the integration of electrical systems and electromechanical components according to customer specifications, including the provision of end-to-end (E2E) solutions, primarily control and command trailers, energy platforms, electrical systems, and complementary products, mainly in the defense sector, for leading customers in the defense industries in Israel.
2.2 Laor's activity is based, among other things, on its owned industrial manufacturing plant located in the Tziporit Industrial Zone (defined as National Priority Area A).
2.3 Laor employs 65 employees.
2.4 Below are key financial figures from Laor's audited financial statements for the years 2024-2025, in thousands of NIS.

• The above data is based on Laor's audited financial statements for the years 2024-2025, prepared according to generally accepted accounting principles in Israel.

3. The Consideration

3.1 In consideration for the purchase of $80\%$ of Laor's share capital, the Company will pay at the completion date a total of approximately 73 million NIS (which also includes the Company's share in Laor's equity).

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.

3.2 Additionally, with respect to the remaining 20% of Laor's share capital, mutual Put/Call option mechanisms were established, at a price that includes a performance-dependent component, based on Laor's performance in the years 2026-2028.

4. Method of Financing the Purchase

The financing of the Transaction will be from the Company's own sources.

5. Additional Details

5.1 Within the framework of the Transaction, arrangements were established regarding the continued employment and/or tenure of key personnel in Laor for periods determined in the agreement.

5.2 The purchase agreement includes representations and warranties given to the Company by the Sellers as is customary in transactions of this type, including indemnity obligations, an escrow mechanism, non-compete and non-solicitation obligations, and other customary provisions.

6. The Company's Plans regarding Laor

The purchase subject of this report is part of the Company's growth strategy through acquisitions in Israel and abroad. According to the Company's assessment, Laor's activity is expected to add a new and complementary field of activity to the Company's range of solutions, with growth potential, in the field of energy and electrical system integration, mainly for the defense market, where Laor is a player offering end-to-end solutions, among others, in the manufacturing and supply of energy platforms, control and command trailers, and electrical systems.

The Company estimates that Laor's activity may allow it to expand its value proposition to existing and new customers in Israel and abroad, while gradually and carefully integrating Laor's activity into the Matrix IT Ltd. group.

1. There is no certainty that the conditions precedent for the completion of the Transaction will be met, and that the Transaction will be completed.

It should also be clarified that the Company's assessments regarding Laor's activity potential and its expansion, possible synergies and future results of Laor are forward-looking information, as defined in the Securities Law, 1968, based on information available to the Company at the date of this report, on the Company's assessments and on the information provided to it. These assessments may not materialize, in whole or in part, or may materialize in a materially different way, among other things, due to changes in market conditions and Laor's activity, the volume of its orders and the terms of its engagements with customers and suppliers, difficulties in integrating the activity into the Company's group or other factors beyond the Company's control.

Sincerely,

Matrix IT Ltd.

7/9/2026 | 11:35:27 AM | v1.2.5