Israel Electric Financial and Sector Reform Update

Key Investment Highlights - cont. Focusing in the T&D segments IEC will focus its activity in the Transmission and Distribution segments and will reduce its share in the generation segment חברת החשמל Israel Electric Preparing the ground for renewables Stable CAPEX in the T&D segments during the coming years in order to enable renewable energy absorption and to achieve the 2030 Ministry of Energy target on renewables Growing attention to ESG aspects Especially in the environmental aspect (conversion of coal units to natural gas), the social aspect (diversity & inclusion) and the governance aspect (deepening corporate governance) Investor Relations 9

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