Investor Presentaiton

Gram / KWh produced IEC has taken significant steps to reduce emissions Gram/KWh produced Nitrogen Oxides NOX 2.0 1.80 -58% 1.5 1.0 0.5 0.75 0.0 2012 2020 Carbon Dioxide CO2 754 -18% 800 615 600 400 200 O 2012 2020 Gram / KWh produced Gram / KWh produced חברת החשמל Israel Electric Sulfur Dioxide SO2 2.0 1.68 -76% 1.5 1.0 0.5 T 0.41 0.0 2012 2020 Particulate Matter PM 0.06 0.056 -46% Implementing Government policies ■The State of Israel signed the Paris Agreement in 2016 and has significantly limited the usage of coal for electricity generation ■ An emissions reduction project in the larger coal units was executed at a significant cost of NIS 7.1 billion (1) ■ Older coal units will be mothballed following the Israeli Energy Minister on 2/8/2021 ■ Newer and larger coal units are expected to be converted to Natural gas ■ Government target of Israel is to be "coal free" by 2030. Minister of Energy expect target to move forward to 2025 ■ IEC is financially protected from change in fuel mix by the electricity tariff 0.03 0.030 0.00 2012 2020 Source: IEC Environmental report for the year 2020 and IEC Financial Statements for 2020FY 1) The emissions reduction cost does not include interest during the construction period Investor Relations 33

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