Electricity Tariff Update

Key Investment Highlights - cont. Focusing on the T&D segments IEC will focus its activity on the Transmission and Distribution segments and will reduce its share in the generation segment Preparing the ground for renewables Stable CAPEX in the T&D segments during the coming years to enable renewable energy absorption and to achieve the 2030 Ministry of Energy target on renewables Growing attention to ESG aspects חברת החשמל Israel Electric Especially in the environmental aspect (conversion of coal units to natural gas), the social aspect (diversity & inclusion) and the governance aspect (deepening corporate governance) Committed to Deleveraging Board and management are committed to deleveraging and are aiming to gradually decrease the ratio of total debt to total assets to 65% by 2025 Investor Relations 10

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