Gencell : Successfully completed the first phase of the Cooperation Agreement with E.V and receive a following order to purchase fuel cells systems - approximately US$ 5 million

This is an English translation of a Hebrew immediate report that was published on June 2, 2022 (reference no.: 2022-01-069163) (hereafter: the "Hebrew Version"). This English version is only for convenience purposes. This is not an official translation and has no binding force. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

June 2, 2022

To	To
Israel Securities Authority	Tel Aviv Stock Exchange
www.isa.gov.il	www.tase.co.il

Re: Immediate report

In continuation from the immediate report by the Company1 re the entering into an agreement with E.V. Motors Ltd. ("EV") in the frame of which a cooperation between the parties for integrating the Company's zero-emissionfuel cell systems into autonomous off-gridhybrid charging stations in Israel for electric vehicles developed as replacements for fossil fuel generator systems (the "Cooperation Agreement"), the Company is honoured to announce that the Company has successfully completed the first phase of the Cooperation Agreement.

In addition, and according to the Cooperation Agreement, EV, through a fully owned subsidiary, will purchase from the Company dozens of fuel cells that have been adapted to meet the specifications of EV's fully owned vehicle charging system in order to integrate and implement these systems at multiple off-grid vehicle charging stations in Israel.

The expected consideration to the Company for the supply of its systems is approximately US$ 5 million that will be recognized over 2 years.

In the Company's view, the completion of the first phase of the Cooperation Agreement by means of the deployment of multiple stations will demonstrate the benefits of the technology. Furthermore, in the Company's estimation this success will contribute to the Company's efforts to become a significant provider to the global EV charging market, in accordance with the Company's goals and strategy.

Please note that the above-mentioned information and forecasts regarding the completion of the first phase of the Cooperation Agreement and the deployment of the Company's systems at EV charging stations which may promote the Company and its commercial

1 Reference No, 2021-01-097258- the above mention is hereby incorporated by reference.

activities and impact the positioning of the Company as an EV charging solution provider all constitute forward-looking information within the meaning of the term in the Securities Law 1968. These assessments may not be realized in whole or in part or may be realized differently than estimated. The Company's assessments are based on the information currently in the hands of the Company regarding its activities, including activities which are not in the Company's control.

Sincerely,

Gencell Ltd.

Signed by:

Yossi Salomon, CFO

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