Max Stock Limited Announces a Change in Shares Held by an Interested Party

Max Stock Limited (TASE: MAXO); (“the Company”, “Max Stock”) today announced that on August 28, 2025, Migdal Insurance Company Ltd. (“Migdal”) informed the Company that it and its affiliated companies had increased their holdings of Company shares since June 30, 2025, from ~8.21% to ~12.33% of the Company's share capital, reflecting an overall purchase of 5,762,197 shares, as follows:

Date of transaction Shares purchased Average share price paidAugust 27, 2025 4,973,822 ILS 19.10July 1, 2025 – August 27, 2025 788,375 ILS 17.48

Breakdown of holdings (following the transactions), by group entities:

Name No. of shares heldMigdal Insurance and Financial Holdings 14,574,051Mutual fund management companies 2,638,984

This is an English translation of excerpts of a Hebrew immediate report that was published on August 28, 2025 (Ref. No: 2025-01-065116 (hereinafter: the “Hebrew Version”)). This English version is only for convenience purposes. This is not an official translation and has no binding force. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max StockMax Stock is Israel's leading extreme value retailer, currently present in 64 locations throughout Israel. We offer a broad assortment of quality products for customers' everyday needs at affordable prices, helping customers “Dream Big, Pay Small”.For more information, please visit https://ir.maxstock.co.il

Company Contacts:Talia Sessler,Chief Corporate Development and IR Officertalia@maxstock.co.il

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SOURCE Max Stock Limited

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