Electricity Tariff Update

The Electricity Tariff Updates Date of update Update rate 01/01/2023 8.2% 1 חברת החשמל Israel Electric Decision factors Increase in the global coal prices Prohibition of the Ministry of Environmental Protection to operate old NG units at Eshkol site, which forced to increase the electricity production in coal, delaying the construction of the new 2 CCGT in Hadera and Ashkelon Increase at the local interest rates and Israeli consumer price index Extension of reduction of the excise tax on coal 02/01/2023 1.5% 04/01/2023 2.4% Reduction in coal prices Increase in consumer price index during 2023 Increase in local interest rates 02/01/2024 2.6% Development of the Israeli electricity network Increasing the redundancy and reliability of the electricity supply Adding renewable energies and reducing air pollution Source: IEC's Financial Statements for 2022FY and for 9M.2023, Electricity Authority's decisions no. 62302 as of 01/24/22, no. 63006 as of 04/12/22, no. 63308 as of 07/27/22, no. 64504 as of 12/21/22, no. 64801 as of 01/26/23, no. 65203 as of 03/26/23 and no. 68302 as of 01/29/24- electricity tariff to IEC's consumers Investor Relations 32 32

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