Announcement of Special General Meeting - English

Electreon Wireless Ltd

It is the Company’s policy that in addition to the translation of immediate reports which the Company is accustomed to publishing with its reports on the Israel Securities Authority’s electronic reporting system (MAGNA) and the Tel Aviv Stock Exchange reporting website (MAYA), the Company also intends on publishing convenience translations into the English language of the Company’s substantial reports on the Company’s website: https://www.electreon.com/annual-reports. It should be clarified that, notwithstanding the significant efforts exerted and talents applied in producing the convenience translations, the convenience translations published by the Company are not official translations and, therefore, they do not bind the Company. In the event of inconsistency between the Hebrew language version and the English convenience translation, the Hebrew language version shall be the binding version.

Notice is hereby given that a special General Meeting of the shareholders of Electreon Wireless Ltd. ("the Company") will be held on Tuesday, February 28th, 2023 at 5:00 p.m. at the offices of Erdinset, Ben Natan, Toledano & Co. located at 4 Berkowitz Street, Museum Tower - 13th floor, Tel Aviv ("The General Meeting”).

The subject on the ’General Meeting's agenda: (a) Approval of the company's binding agreements with the offerees (as defined in the convening of the General Meeting Report) according to which, subject to the fulfillment of the conditions precedent as specified in the convening of the General Meeting Report, the offerees will be allocated, by way of a private placement (one or more), 666,667 ordinary shares of the company, as well as 666,667 warrants (non-tradable) converted into ordinary shares of the company, in exchange as detailed in sections 2 and 3 of the convening of the General Meeting Report, including the approval of a substantial private placement as defined in the Private Placement Regulations.

The deadline for shareholders to exercise their right to participate and vote in the upcoming General Meeting is January 31th, 2023. Shareholders must submit their position statements by February 18th, 2023. Proxy cards must be submitted to the company by February 23rd, 2023 at 1:00 PM. 

For additional information, please refer to the immediate report regarding the convening of the General Meeting, published on January 24, 2023 (reference number: 2023-01-009481) on the websites of the Securities Authority (https://www.magna.isa.gov.il 009481) and the Tel Aviv Stock Exchange Ltd (www.maya.tase.co.il).