Electricity Tariff Update

Key Financial Highlights - 9M.2023 חברת החשמל Israel Electric Revenues CAPEX Net Financial Debt (1) EBITDA (2) NIS 19.4 billion $5.3 NIS 4.6 billion $1.3 NIS 37.9 billion $10.4 NIS 5.1 billion $1.4 IEC Global Baa1 Negative (Moody's) BBB+ Stable (S&P) Credit Ratings IEC Local Aa1.il Stable (Midroog) ilAAA Stable (Maalot S&P) Source: IEC's Financial Statements for 9M.2023 1. 2. Net financial debt is a non-GAAP measure that is defined as credit from banks and other credit providers, plus total long-term debt (including debentures, long-term liabilities to banks, including hedge transactions, liabilities to the State of Israel), leases liabilities and CPI linkage differentials regulatory deferral account, cash and cash equivalents, short-term investments, long and short term receivables in respect of forward contracts and swap transactions, and long-term deposits to secure swap transactions. IEC defines "EBITDA" as a Normalized EBITDA - profit (loss) before income taxes, financial expenses, depreciation and amortization, including movement in regulatory deferral accounts, while neutralizing special non-current events Financial Figures presented in USD according to an average USD/NIS exchange rate of 3.64 as of 9M.2023 Investor Relations 8

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