Electricity Tariff Update

The IEC Generation Segment & Fuel Mix ■ Construction of two combined cycle gas turbines (units 70-80) at the 'Orot Rabin' site. ■ Deactivation and Preservation of coal-fired Units 1-4 at 'Orot-Rabin' site in order to guarantee the reliability of electricity supply to consumers. חברת החשמל Israel Electric Fuel Mix by Electricity Generated January 1-September 30, 2023 Natural gas & LNG 61.8% Coal 37.9% ■ Gradual conversion of the remaining 6 coal units to natural gas until 2026 (units 5-6 at 'Orot Rabin' and units 1-4 at 'Rothenberg'). ■ Total generation in the electricity sector is expected to be coal free, based on natural gas and renewable energies no later than 2026. Diesel oil & Fuel oil 0.3% IEC Generation Facilities (1) January 1 - December 31, 2022 No. of units Installed Capacity (MW) Steam (dual purpose) (coal and fuel oil) (2,3) 10 4,840 Steam (dual-purpose) (natural gas and fuel / diesel oil) 6 1,340 Gas turbine (internal combustion) (industrial gas) 9 914 Natural gas & LNG 56.9% Coal 42.6% Gas turbine (internal combustion) (jet engine) Combined cycle (internal combustion and steam) Total 16 504 9 3,357 50 10,955 Diesel oil & Fuel oil 0.5% Source: IEC's Financial Statements for 2022FY and for 9M.2023 1) As of December 31, 2022 2) 3) Units 1-4 at the Orot Rabin Power Station will be transferred to preservation subject to the following conditions: three natural gas reservoirs in separate infrastructure + start of the first CCGT activation. Please see the decision of the Minister of Energy relative to the preservation of units 1-4 of February 8, 2021 published on the EA website In accordance with the Minister of Energy's policy principles, which was published on the Ministry of Energy's website on November 24,2019, it was decided that units 5-6 at Orot Rabin Power Station and units 1-4 at Rutenberg Power Station will gradually converse using natural gas in order to stop routine coal use until 2025 and no later than 2026. Investor Relations 23 23

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