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Investor Presentaiton

Natural Gas Overview - cont. Gas supply from Leviathan Field ◉ חברת החשמל Israel Electric On July 4, 2021 an agreement for Spot sale and purchase of natural gas was signed between IEC and the Leviathan partners. The contract period is one year. On June 23, 2022 the contract period was extended for another year. The price of gas will be determined each month. The contract does not include any obligation regarding the purchased quantities (TOP or minimum quantity). Gas supply from Karish Field On March 14, 2022, IEC entered into an agreement with Energean Israel Limited for Spot sale and purchase of natural gas for one year, starting from the date of delivery of gas from the reservoir. On October 29, 2022, the delivery of gas from the reservoir started and the agreement came into force. The price of gas will be determined each month. The contract does not include any obligations regarding the purchased quantities. Sufficient gas supply and predictable prices - stable operational environment Source: IEC's Financial Statements for 2021FY and for 9M.2022 Investor Relations 18
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