WATANIYA PALESTINE MOBILE TELECOMMUNICATIONS(OOREDOO) disclose a material events(Capital decrease).

Ooredoo Palestine announced that the Palestine Capital Market Authority (PCMA) has approved the Company's capital reduction process, following the approval of the Company's Extraordinary General Assembly to reduce the Company's capital through a reduction in the number of shares, such that the new capital amounts to USD 176,611,163, instead of USD 293,000,000, divided into 176,611,163 shares at a nominal value of USD 1 per share. This step was undertaken to fully absorb the accumulated losses, following completion of the relevant procedures and the necessary amendments to the Company's records with the Palestinian Ministry of National Economy.

Accordingly, following completion of the implementation of the capital reduction process on the shareholders' register at the Palestine Securities Depository and Clearing Center (CDS) in accordance with the approved mechanism, and after fulfillment of all required procedures by the Palestine Exchange, we are pleased to announce that the Company's shares will resume trading effective from the trading session to be held on Tuesday, 7 April 2026, in accordance with the applicable laws, regulations, and relevant instructions.

Dr. Samer Fares, Chief Executive Officer of the Company, stated that the Company has finalized all plans and technical preparations necessary for the launch of fourth-generation (4G) services. He added that the Company will continue its investments in the development of its network and digital infrastructure and in strengthening its presence in the Gaza Strip, particularly during the reconstruction phase, in a manner that contributes to the provision of high-quality telecommunications services to all subscribers.

Dr. Fares further noted that, as a matter of law, it was not possible to adopt a dividend distribution policy without completing these measures. He explained that this step constitutes an important strategic milestone that is expected to support the long-term growth of the Company's share and enhance shareholder value. This, in turn, is expected to have a positive impact on the Company's investment expansion plans, the improvement of service quality, and the strengthening of its leading position in the telecommunications market in the West Bank and Gaza Strip.

He added that, following the elimination of accumulated losses and the restructuring of the Company's capital on sounder and more sustainable foundations, the Company has become able to distribute dividends in the year 2026, subject to its financial performance and operational plans.

Attached are the financial statements reflecting the impact of the amendment resulting from the capital reduction as at 28 February 2026.