Enlight Renewable Energy Ltd. announced an expansion of its existing 1.5% unsecured series D notes, which are listed on the Tel Aviv Stock Exchange. The Notes, if offered, will be offered under the Company's shelf prospectus dated August 28, 2024, exclusively to Israeli investors, and will be listed on the Tel Aviv Stock Exchange. The Company will publish a shelf offering report pursuant to the Israeli Securities Law, 1968, and the regulations promulgated thereunder.

The Company intends to use the net proceeds from the offering for investments in its large-scale portfolio in the United States, Europe and MENA, and for other general corporate purposes. The Notes have a duration of 3.76 years. The scope of the Offering under consideration is approximately NIS 300 million face value of Notes, and is subject to changes according to the discretion of the board of directors.

The execution, timing, terms and amount to be raised in the contemplated Offering have not been finally determined and are subject to further approvals of the Company's Board of Directors and the Tel Aviv Stock Exchange. There is no assurance that the Offering will be completed or that any Notes will be offered at all, or on what terms.