Enlight Renewable Energy Ltd. announced, that it is conducting a private placement to Israeli classified investors of NIS 200,000,000 par value of its unsecured non-convertible Series D Debentures, at a price of NIS 0.855 per NIS 1 principal amount of the Additional Series D Debentures, for an aggregate gross consideration of approximately NIS 171,000,000. Following completion of the Private Placement, the aggregate outstanding principal value of the Company's Series D Debentures will be NIS 1,176,986,000. The Additional Series D Debentures will have identical terms to the existing Series D Debentures of the Company.

The completion of the Private Placement is subject to the receipt of an approval from the Tel Aviv Stock Exchange for the listing of the Additional Series D Debentures for trading on the Tel Aviv Stock Exchange. Resales of the Additional Series D Debentures will be restricted under applicable securities laws. The Private Placement was made to Israeli classified investors only and not to U.S. Persons, pursuant to an exemption provided by Regulation S, promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act.

The Additional Series D Debentures will not be registered under the Securities Act, and will not be offered or sold in the United States without registration or applicable exemption from the registration requirements according to the Securities Act. Nothing in this report constitutes an offer to sell or the solicitation of an offer to buy the Company's securities.