Investor Presentaiton

Israel - a Modern Economy Key Figures 22,072 km² 9.3 million Area Population (February 2021) GDP (2020) GDP per Capita (2020) Avg. GDP Growth (2014-2020) Unemployment (February 2021) NIS 1.3 trillion $407 bn NIS 140,985 $43,784 2.4% 5.1% חברת החשמל Israel Electric Sep 2011 S&P upgrades Israel Rating History (1) Aug 2018 S&P upgrades Israel to AA- Israel to A+ Aa3 / AA- A1 / A+ A2/A Nov 2016 Fitch upgrades Foreign Currency LT Debt Ratings (Moody's / S&P / Fitch) (1) Israel to A+ A1 / AA- / A+ 2011 2014 2017 Moody's S&P 2020 Fitch Israel Public Debt to GDP (2) Inflation Environment (% of GDP) (YoY Inflation %) 0.7% 80 5.0% Average inflation in the last decade 1%-3% Government Inflation Target 73.1 4.0% 75 3.0%- 70 65.8 2.0% 63.7 65 62.1 0.8% 60.5 61.0 60.0 1.0% 0.6% -0.4%- 60 0.0% -0.2% 55 -1.0% -0.2% -0.7% -1.0% 50 -2.0% 2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019 2020 Source: The Israeli Central Bureau of Statistics, Bank of Israel. 1) Credit rating refers to long-term foreign currency debt only. A State of Israel guarantee for the existing securities of IEC are negligible compared to the company's overall Financial debt 2) The Israeli Ministry of Finance and Bank of Israel. Denotes USD figures USD/NIS exchange rate of 3.22 as of December 31, 2020. Investor Relations

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