assets pursuant to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets (as amended
on August 13, 2019 resolved to approve the investment in the other company. The transaction is considered as an acquisition of assets according to the Notification of the Capital Market Supervisory
10.01% of issued and paid-up shares of TSE. The aforementioned Transaction is considered as the disposal of assets according to the Notification of Capital Market Supervisory Board No. Tor. Jor. 20/2551
acquisition of assets under the Notification of the Capital Market Supervisory Board No. Tor Jor. 20/2551 Re: Rules on significant transactions constituting acquisition or disposal of assets (“Rule of
company under the Notification of the Capital Market Supervisory Board No. TorJor. 20/ 2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and the Notification
and disposition of assets according to the Notification of the Capital Market Commission (Including items acquired by any occurred during past 6 months) which has the transaction value based on the
method. The Disposition of Assets Transaction size is 15.00% or higher but less than 50.00%, so it is considered as the disposition of assets category 2 under the Notification of the Capital Market
a higher budget for this purpose. The transaction is concerned as acquisition of assets according to the Notification of the Capital Market Supervisory Board No. TorChor 20/2551 Re: Rules on Entering
entity on the Tel Aviv Stock Exchange (TASE), Israel (the “Transaction”). The Transaction is considered an acquisition of assets in accordance with the Notification of the Capital Market Supervisory Board