Investor Presentaiton

The Sector Reform Timeline Gov' Decision on Reform Done Sale of Alon Tavor site Done Done Sale of 'Ramat Hovav' site Sale of 'East Hagit' site In process Sale of "Eshkol" site In discussions Layout for continued operation of Reading site (in accordance with the Arrangements Law) Done Submitting a plan in Reading site for two new CCGT, before depositing Done Separation of the System Management & PDT In process Construction of the first NG fired CCGT H (unit 70) at 'Orot Rabin' site In process Prepared for vacant possession In process T=0 06/03/18 Construction of the second NG fired CCGT H (unit 80) at 'Orot Rabin' site Transfer of 'Area D' Preparations for a pilot in the supply segment Pilot in the supply segment חברת החשמל Israel Electric Due for a delay By year 2032 Ştable activation (1) Stable activation (1) Possession transferring subject to milestones standing in an agreement Preparations for opening the electricity sector to full competition (2) T=18 12/03/19 T=22 03/31/20 T=30 T=36 T=39 T=41 12/03/2006/03/21 09/01/21 01/11/21 T=48 06/01/22 T=55 T=59 T=60 T=61 T=63 01/01/23 04/30/23 06/03/23 06/30/23 09/03/23 11/2022 T=68 01/31/24 1. After the date of the Financial Statements, unexpected events have occurred which could delay the stable operating date of the new CCGT units 70 and 80 at the Orot Rabin site 2. The Electricity Authority (EA) is intended to open the electricity sector to full competition during 2024 Source: IEC's Financial Statements for 2021FY and for 9M.2022 Investor Relations 20

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