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Investor Presentaiton

Source: 1. 2. The Electricity Tariff - Cont'd ($/t) 140 120 100 80 60 40 Jan-14 Investor Relations Jan-15 Jan-16 Tariff vs. Coal Price Development(1) Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Coal Average General Tariff Residential Tariff NIS 0.60 0.55 0.50 0.45 0.40 חברת החשמל Israel Electric Structure of the Residential Tariff as Divided into Segments (2) Production and fuel 61% Transmissi on 5% Distributio n 17% Supply 6% System Management tariff 11% World Bank Commodity Price Data (Pink Sheet), March 2021; Calculated as average price of Australia and South Africa coal. Russia is not included in World Bank information, even though it is a significant source of coal for IEC. The general and Residential Tariffs do not include VAT. The Electricity Authority Report on State of Electricity Sector Year of 2019. 23
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