Max Stock Limited announces Immediate Report Summarizing Interested Party and Senior Officer Holdings

Updated holdings

(31-Mar-2022)

Change

(+/-)

Updated holdings (%)

(31-Mar-2022)

Previous holdings (%)

(31-Dec-2021)

Maximal holding in period (%)

Minimal holding in period (%)

Comments

Kayne Anderson Rudnick Investment Management, LLC

11,140,490

+3,270,219

7.83%

5.53%

7.87%

7.83%

(*) Interested party is a registered investment advisor
with the SEC with discretionary voting power over its
clients' shares, which directly and cumulatively exceed
5% of the Company's shares.

(*) Interested party holds other Company shares on behalf
of other clients, but does not have discretionary voting power
in such respect. Such shares are therefore excluded from the
total

The Phoenix Holdings Ltd
- Provident Funds & Provident
Fund Management Companies

20,788,382

+6,809,975

14.60%

9.82%

14.63%

9.80%

An increase of 5,872,304 shares was reported by the Company on February 2, 2022.

(*) Holdings include those of other entities which are part of the interested party's corporate group (under management or nostro).

(**)

Excellence Investments Ltd. – Mutual funds management companies

1,455,075

+ 237,956

1.02%

0.85%

1.06%

0.85%

An increase of 257,588 shares was reported by the Company on February 2, 2022.

(*) Interested party is part of The Phoenix corporate group.

(**)

Excellence Investments Ltd. – Market maker

-8,639

- 12,247

0%

0.02%

0.02%

0%

The balance reflects a short sale.

(*) Interested party is part of The Phoenix corporate group.

(**)

Evan Charles Neumann

81,784

-6,300,000

0.06%

4.48%

Mr. Neumann's shares are held by Oria & Iris Ltd., a company wholly owned by Mr. Neumann.

There is a shareholders' agreement by and between Mr. Ori Max, Mr. Evan Neumann and Moose HoldCo Ltd. which governs their relationship as Company shareholders (see Section 3.6 of Chapter 3 of the Company's prospectus dated September 15, 2020). It should be noted that in light of the decline in Mr. Neumann's holdings in the Company he has no right to recommend the appointment of a director under the agreement.

(*) As notified to the Company by the interested party.

(**) For a detailed description of which corporate entities are included as part of the interested party's reported holdings – please see the full text of the report dated April 7, 2022 published on the Tel Aviv Stock Exchange distribution website (MAYA).