News Release

Bezeq The Israeli Telecommunications Corp. Ltd.

(the “Company”)

December 5, 2024

Attn.        

Israel Securities Authority

Tel Aviv Stock Exchange Ltd.

Immediate Report –under the Shelf Offering Report dated December 4, 2024

In accordance with Section 30 of the Israel Securities Law, 1968 and the Israel Securities Regulations (Notice of the Results of the Offering in the Prospectus), 1969, the Company announces the results of the issuance of Debentures (Series 13 and 14) of the Company, by way of expansion of the series listed on the main board of the Tel Aviv Stock Exchange Ltd. (the “TASE”), in accordance with the Company’s shelf offering report of December 4, 2024 (the “Shelf Offering Report") published pursuant to the prospectus dated May 10, 2023, which was published on May 9, 2023 .

Debentures (Series 13 and 14) of the Company were offered in public tenders ending on December 5, 2024.

1. Results of the tender for Debentures (Series 13) of the Company (the "Series 13 Tender")
   • Under the Shelf Offering Report, the Company offered the public up to NIS 627,867,000 par value registered Debentures (Series 13) of the Company, unlinked (principal and interest) to any index (“Debentures (Series 13)”). Debentures (Series 13) were offered to the public in 627,867 units, with each unit composed of NIS 1,000 par value Debentures (Series 13) ("Series 13 Units") in a uniform offer, by way of a tender on the unit price, which will be at least NIS 825, subject to the restriction on the quantity set out in section 1.1.4 of the Shelf Offering Report, according to which up to NIS 540,837,000 par value debentures will actually be issued, as set out in the Shelf Offering Report.
   • Classified investors have made early commitments for applications to purchase 540,837 Series 13 Units, in quantities and unit prices set out in the Shelf Offering Report.
   • The list of subscriptions for the purchase of Debentures (Series 13) offered to the public opened on Thursday, December 5, 2024 at 9:00 and closed on the same day at 16:00.
   • The results of the Series 13 Tender are as follows:
     • In the tender, 68 subscriptions were received for the purchase of 540,837 Series 13 Units, from classified investors as set out in section 1.2 above.
     • The price for a Series 13 Unit, as set out in the tender, is NIS 825 (the "Price for a Series 13 Unit").
     • 61 subscriptions from classified investors for the purchase of 480,432 Series 13 Units, at a price higher than the unit price for a Series 13 Unit that was set, were met in full.
     • 7 subscriptions from classified investors for the purchase of 60,405 Series 13 Units, at a price higher than the Price for a Series 13 Unit that was set, were met in full.
     • No subscriptions were received from the public.
   • In accordance with section 6.1.4 of the Shelf Offering Report, the discount rate in the current expansion of Debentures (Series 13) is 17.52474%, and the weighted discount rate for the entire series of Debentures (Series 13) is 15.53061%.
   • A total of 540,837 Series 13 Units will be allocated for a total monetary consideration (gross) of NIS 446.2 million.
2. Results of the tender for Debentures (Series 14) of the Company (the "Series 14 Tender")
   • Under the Shelf Offering Report, the Company offered the public up to NIS 164,288,000 par value registered Debentures (Series 14) of the Company, linked (principal and interest) to the CPI published on the 15th, for December 2021 (as set out in section 4.3.1 (B) of the Shelf Offering Report (“Debentures (Series 14)”). Debentures (Series 14) were offered to the public in 164,288 units, with each unit composed of NIS 1,000 par value Debentures (Series 14) ("Series 14 Units") in a uniform offer, by way of a tender on the unit price, which will be at least NIS 933, subject to the restriction on the quantity set out in section 1.2.4 of the Shelf Offering Report, according to which up to NIS 131,430,000 par value debentures will actually be issued, as set out in the Shelf Offering Report.
   • Classified investors have made early commitments for applications to purchase 131,430 Series 14 Units, in quantities and unit prices set out in the Shelf Offering Report.
   • The list of subscriptions for the purchase of Debentures (Series 14) offered to the public opened on Thursday, December 5, 2024 at 9:00 and closed on the same day at 16:00.
   • The results of the Series 14 Tender are as follows:
     • In the tender, 29 subscriptions were received from classified investors for the purchase of 131,430 Series 14, as set out in section 2.2 above.
     • The price for a Series 14 Unit, as set out in the tender, is NIS 933 (the "Price for a Series 14 Unit").
     • 24 subscriptions from classified investors for the purchase of 85,650 Series 14 Units, at a price higher than the unit price for a Series 14 Unit that was set, were met in full.
     • 5 subscriptions from classified investors for the purchase of 45,780 Series 14 Units, at a price higher than the Price for a Series 14 Unit that was set, were met in full.
     • No subscriptions were received from the public.
   • In accordance with section 6.1.4 of the Shelf Offering Report, the discount rate in the current expansion of Debentures (Series 14) is 17.39708%, and the weighted discount rate for the entire series of Debentures (Series 14) is 12.07488%.
   • A total of 131,430 Series 14 Units will be allocated for a total monetary consideration (gross) of NIS 122.6 million.

The Company thanks the investor public for responding to the offer according to the Shelf Offering Report.

Yours sincerely,

Bezeq The Israeli Telecommunications Corp Limited

The above information constitutes a translation of the Immediate Report published by the Company. The Hebrew version was submitted by the Company to the relevant authorities pursuant to Israeli law, and represents the binding version and the only one having legal effect. This translation was prepared for convenience purposes only.