Electricity Tariff Update

The IEC Transmission Segment חברת החשמל Israel Electric Development plans for 2023-2027 in the transmission segment ■ Addition of appx. 738 circuit km ultra-high voltage transmission lines (400 KV). Establishment of appx. 930 circuit km high voltage transmission lines (161 KV). Upgrading of appx. 989 circuit km of existing network (high voltage poles) and re-construction of appx. 462 circuit km. ■ Addition of appx. 155 km underground cable circuits. ■ Construction of 3 new switching stations so that by the end of 2025, the total expected capacity in existing and new 400/161 KV switching stations will be 17,695 MVA. ■ As of the end of 2022, the company has at it's disposal 149 substations with total capacity of 19,486 MVA. By the end of 2025, the total capacity of the substations is expected to reach 24,849 MVA. Source: IEC's Financial reports for 2022FY Investor Relations 22 22

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