Electricity Tariff Update

Key Investment Highlights Government Company 99.85% owned by the State of Israel IEC's credit quality is supported by its critical role in Israel's electricity ecosystem Essential Service Provider IEC is an essential service provider of electricity in Israel and the sole vertically integrated provider in the electricity chain Fully Regulated across all segments Electricity Tariff set by the EA, based on forecasted expenses and return on equity, providing predictable revenue to the company Natural Gas Fuel Independence Natural gas from Tamar, Leviathan and other significant natural gas discoveries in Israel have paved the way towards potential fuel independence Investor Relations 9 חברת החשמל Israel Electric

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