Investors procedure

Procedure on Meetings and Conversations with Shareholders and Investors

In accordance with Legal Position No. 101-24, published by the Israel Securities Authority in March 2021 regarding engagement of a reporting corporation with investors in its securities - in which the ISA recommended that reporting corporations adopt policies and procedures regarding investor relations and publish their key point, in January 2025, the Company adopted a procedure on the subject matter, the main points of which shall be detailed below.

Among other things, the procedure establishes rules and guidelines regarding contact with, and the provision of information, in accordance with the provisions of the law, for both the media, shareholders and investors, as well as provisions regarding meetings and conversations held with investors and shareholders.

Under the procedure, the recommended principles published in Legal Staff Position No. 105-29 of the Israel Securities Authority from November 2014 - on the subject of conference calls with investors - were adopted - including the manner in which conference calls should be conducted, providing advance notice thereof through immediate reports, granting access to join or view conference calls (including enabling the public listen to the calls after they have taken place), etc.

In addition, the Company's procedure establishes guidelines regarding individual meetings and conversations with investors and shareholders, including the procedure determining who is authorized to take part in such meetings and conversations (generally speaking - the Company's CEO and CFO) and action guidelines in cases where investors and shareholders initiate contact with other parties in the Company, such as other officers or directors; guidelines regarding the location in which such meetings and conversations are held and how they are recorded; guidelines regarding key issues which may arise in meetings and conversations with investors and shareholders (including issues relating to financial results and financial statements, strategy and policy, contact with respect to general meetings), etc.

The procedure further provides that such conversations and meetings shall be held in accordance with the provisions of the law, including a prohibition on providing insider information and/or excess information to investors and shareholders that has not yet been legally reported to the public, provisions regarding avoiding conflict of interest and combining discussions with other business issues (inter alia, where there are business relations between the investor or shareholder and the Company or another company in the Group).