B S D Crown : Interim Unaudited Consolidated Financial Statement

The accompanying notes are an integral part of the interim condensed consolidated financial statements.

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The accompanying notes are an integral part of the interim condensed consolidated financial statements.

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTSNOTE 1 - GENERAL

1. B.S.D Crown Ltd. ("BSD" or "the Company") is a corporation registered in Israel. The address of its registered office is 7 Menachem Begin Road, Ramat Gan 5268102, Israel.
   The Company's shares are listed on the Official List of the London Stock Exchange on the Standard List ("LSE") under the symbol BSD.
   The Company is engaged in managing its investments that comprise mainly an investment in a subsidiary which imports markets and distributes food products (see sub-section (B) below).
   Since 5 May 2017 the Companies are controlled by Mr. Joseph Williger and Mr. Zwi Williger.
2. In May 2014 the Company completed an acquisition of shares (approximately 62%) of Willi-Food Investments Ltd. ("WFI") for an aggregate cash consideration of NIS 287 million (the "Acquisition"). WFI controls G.Willi-Food International Ltd ("WFINT") and together with its subsidiaries are engaged in the import, marketing and distribution of food products, mainly in Israel. The financial statements of WFI and its subsidiaries (the "WFI Group") have been consolidated in these consolidated financial statements.

C. On 12 December 2018 the Company Board of Directors resolved to enter into a new business activity of import and distribution of commodities to the food industries. For further information see Note 4(A).

1. During 2019, WFINT's Board of Directors decided to enter into the field of non-bank credit ("extending credit"). These activities will be funded out of WFINT's own resources and will be carried out in parallel to WFINT's existing activities of import, marketing and distribution of food products.
2. The interim condensed consolidated financial statements for the six-month periods ended 30 June 2020 should be read with the audited consolidated financial statements for the year ended 31 December 2019 and which were published on 31 March 2020.

NOTE 2 - BASIS OF PREPARATION AND CHANGES TO THE GROUP'S ACCOUNTING POLICIES

1. Basis of preparation of the interim consolidated financial statements:
   The interim condensed consolidated financial statements for six-month periods ended 30 June 2020 have been prepared in accordance with International Accounting Standards (IAS) 34, Interim Financial Reporting, as adopted by the European Union. The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group's annual financial statements as at 31 December 2019.

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 3 - FINANCIAL INSTRUMENTS

Financial instruments that are not measured at fair value:

Except as detailed in the following table, the Group believes that the carrying amount of financial assets and liabilities that are presented at amortised cost in the financial statements approximates their fair value.

Valuation techniques and data used in Level 2 and Level 3 fair value measurements

Securities

When a quoted price for a security is not available, the fair value is measured using quotes of securities with as similar conditions as possible. For certain securities, the Group uses the model for the purpose of measuring fair value and for the purpose of validating price quotations received from third parties. The following is a breakdown of the valuation techniques used by the Company for major securities groups:

Financial derivative instruments:

Financial assets at fair value through profit or loss:

In January 2020, participation units in a partnership holding 40% of Dan - Public Transportation Company Ltd. were purchased for NIS 9.3 million, and as a result, the company recognized a non- current financial asset in the amount of NIS 9.3 million. The fair value is recorded on the cost.

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 4 - OPERATING SEGMENTS

1. General:
   The Group adopted IFRS 8- Operation Segment. In accordance with the provisions of IFRS 8, operating segments are identified on the basis of the internal reporting of the Group's components, which are regularly reviewed by the Group's chief operating decision maker ("CODM"), for allocating resources and evaluating the performance of the operating segments.
   Upon the completion of the Company's acquisition of WFI in May 2014, the Group's main operating segment are import, marketing and distribution of food products to retail chains, supermarkets, wholesalers, and institutions mainly in Israel.
   During 2019, WFINT's Board of Directors decided to enter into the field of non-bank credit ("Credit Activity"). During the six-month ended 30 June 2020, WFINT extended several loans through W.F.D. (Import, Marketing and Trading) Ltd., a fully-owned and controlled subsidiary of WFINT, which is expected to take charge of the Credit Activity.
   On 12 December 2018 the Company Board of Directors decided to enter into the field of import and distribution of commodities to the food industries.
   As of 1 July 2020, the Group active in two operations segments. Each operations segment is managed separately and has its own strategic. Each operations segment requires a different operational and marketing policy. The reported activities as operations segments are the following:
2. • Import, marketing and distribution of food products to retail chains ("Import Food")
   • Credit activity-providing loans to others ("Credit Activity")
3. Reporting segments:
   The following tables present revenue and profit information for the Group's operating segments for

1. Other includes mainly unallocated corporate general and administrative expenses.

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 4 - OPERATING SEGMENTS (Cont.)

1. Reporting segments: (Cont.)
   The following tables present assets and liabilities information for the Group's operating segments

for the six months ended 30 June 2020:

1. Revenues from major customers that contributed 10% or more to the Group's revenues (as percentage of the total revenue.):

1. Revenues from main products (as percentage of the total revenue):

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 5 - CONTINGENT LIABILITIES AND COMMITMENTS - BSD Crown Ltd. (Cont.)

1. (Cont.)
   second deals with a negligent decision to step into the shoes of the former controlling shareholder of the Company in a transaction for the purchase of car dealerships and negligence in transferring the Company's funds in respect of this transaction.
   In addition to the monetary relief, the Court was requested in the Statement of Claim to grant declaratory relief regarding the breach of the duty of care by the directors and the CFOs; the controlling shareholders' violation of the duty of care and the duty of trust towards the Company; and that the Company does not owe the foreign banks any funds.
   On November 22, 2018, the Statements of Defense of 17 of the 20 Defendants in this proceeding were submitted. On December 18, 2018, the Company submitted a response to these Statements of Defense. On 27 March 2019, the Statement of Defense of a foreign defendant, Meinl Bank AG,
   was submitted. On 15 May 2019 the Company submitted a response to this Statement of Defense. On September 10, 2019, the Statement of Defense of another foreign defendant, defendant, was submitted (On October 10, 2019, defendant filed to the Supreme court a motion to appeal on the decision approved the service of the claim to this registered address. Which is still pending.
   On January 21, 2020, the Court granted the Company's motion to amend the statement of claim, and ordered the Company to submit the amended of claim by February 2, 2020. On May 24, 2020, the Company filed an Amended Answer with the Court, thereby bringing the stage of submission of written pleadings to an end. In view of the preliminary stage of the proceeding,
   Company's legal advisers are unable to estimate the chances of the claim.
2. On March 3, 2020, insolvency proceedings were opened against Defendant 15, AAB BANK AG ("Meinl Bank"). The court in Vienna nominated Insolvency administrator, to whom BSD's claim was made through its lawyers in Vienna. A first meeting of the creditors, reporting hearing and general initial hearing for proving debts took place on May 28, 2020. The next hearing - where also BSD's claim will be examined - will take place on 15 October 2020. During this hearing the insolvency Administrator and AAB will declare whether they acknowledge or contest BSD's claim.
3. CONTINGENT LIABILITIES AND COMMITMENTS - WFI and its subsidiaries

1. On February 24, 2016, a motion to certify a class action claim (the "Motion") was received at the WFI's offices. The motion was submitted to the Economic Division of the District Court in Tel Avivby the Yaad Pe'er Management Services Ltd. (the "Petitioner") company, which claims it holds shares in WFI. The lawsuit is against all of WFINT's directors as well as officers in WFINT (" Defendants"). The WFI and WFINT were joined as respondents to the motion. The certification motion deals with the Petitioner's claim of damages incurred by WFI, which are assessed by the Petitioner at the filing of the motion, at approximately USD 3 million because of claimed breaches of the duties of faith, care, and skill, by the directors and officers toward WFI in connection with an investment in the sum of USD 3 million in a company registered in the Czech Republic, and
   that holds a hotel in the Czech Republic that is inactive. The Petitioner claims that the investment has no connection to WFI's activities, and it apparently serves in assisting the former controlling shareholder in the Company in other matters or to cover other obligations that he has.
   On 16 August 2018, WFINT filed a notice whereby it intends to lodge a lawsuit against the office holders in connection with the events which are the subject matter of the derivative action and therefore it is no longer needed to discuss the motion to approve a derivative action. On 4 October 2018, the said motion was stricken out and the case was closed.

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 5 - CONTINGENT LIABILITIES AND COMMITMENTS (Cont.)

D. CONTINGENT LIABILITIES AND COMMITMENTS - WFI and its subsidiaries (Cont.)

1) (Cont.)

Further to above, on November 4, 2018 WFINT filed a NIS 4 million lawsuit against the Company's former controlling shareholder, Mr. Gregory Gurtovoy and against five (former) WFINT directors and senior office holder, Israel Joseph Schneerson, Pavel Buber, Iram Ephraim Graiver. Ilan Menachem Admon and Zalman Vigler (hereafter jointly: the "Defendants"). According to WFINT, the Defendants conspired to cause the use of WFINT's funds as collaterals to loans extended to foreign private companies related to the Company's controlling shareholders on dates which are relevant to the lawsuit without obtaining the required approvals from the WFINT's organs and without issuing the required report to Company's shareholders.

The lawsuit is based on the claim that an agreement signed by WFINT, whereunder it has allegedly invested in the bonds of a Czech company, is not a genuine agreement, rather, it is claimed, the purpose of the agreement was to assist the controlling shareholders (Gregory Gurtovoy and others) to secure private loans extended by the Austrian bank Meinl, while using WFINT's funds for their concealed and inappropriate purposes.

WFINT demands that the Defendants compensate it for the funds that were not refunded to WFINT (in NIS values) plus a compensation at the rate of the alternative yield and a compensation equal to the amounts paid by WFINT to enable the refund of the funds.

On 24 January 2019 the Defendants filed statements of defense, various motions (to dismiss in and/or delay the proceedings) and a counterclaim against WFINT and against the WFI as part of this proceeding.

In their counterclaim the Defendants claims that they are entitled for funding of their legal defense and/or for indemnification and exemption from WFINT in respect of the lawsuit and request the

Court to order the WFINT to fund their legal defense against the WFINT's lawsuit. On 13 May 2019 a preliminary hearing was held and a hearing was settled for 28 November 2019.

On December 25, 2019, the court gave effect to a judgment through a settlement agreement signed between G. Wilifood and Mr. Ilan Menachem Admon, one of the defendants, according to which the mutual claims filed on behalf of the parties in this case were dismissed without an order for costs. The proceedings in the case of the other defendants continue as normal. An additional pre-trial hearing is scheduled for October 1, 2020. In light of the aforesaid, the Company's management estimates that the information in financial statements and in the notes to the financial statements in respect of the procedure is sufficient.

1. On 23 July 2017 a labor claim was filed by Mr. Iram Graiver, former CEO of WFINT and president of WFINT, against WFINT to the Regional Labor Court in Tel-Aviv in the amount of approximately NIS 2.4 million with respect to the termination of his employment on 5 July 2017. On 27 July 2017 WFINT filed a counterclaim against the employee in the amount of approximately NIS 1.7 million. On 26 November 2017 Mr. Graiver filed a statement of defense. Preliminary hearing was held on 7 March 2018. The parties are currently at the stage of documents disclosure. The first evidentiary hearing took place on January 15, 2020, the second evidentiary hearing took place on June 7, 2020. A third evidentiary hearing was scheduled for July 23, 2020 but has not taken place and a new date has not yet been set. In light of the aforesaid, the Company's management estimates that the information in financial statements and in the notes to the financial statements in respect of the procedure is sufficient.

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 5 - CONTINGENT LIABILITIES AND COMMITMENTS (Cont.)

1. CONTINGENT LIABILITIES AND COMMITMENTS - WFI and its subsidiaries (Cont.)

1. On 29 October 2009, WFINT and its subsidiary Gold-Frost Ltd. (hereafter: the "Companies") filed to the Rishon-LeZion Magistrates Court a lawsuit demanding the refund of import permit fees at the total amount of approximately NIS 1.3 million. The fees were paid to the Ministry of Health in respect of early registration for food import permits with the national food service between the years 2002-2009; the Companies claim that those fees were collected unlawfully.
   In a ruling issued on 13 May 2015, the Rishon-LeZion Magistrates Court accepted the position of the Companies to the effect that the fees in respect of early registration for food import permits were collected unlawfully and that the Companies and other food importers have an independent cause to demand the repayment of the fees that were paid, by virtue of the Unjust Enrichment
   Law, 1979 (hereafter: the "Law"). In addition, a partial exemption from refund was determined in accordance with Section 2 of the Law in respect of an amount equivalent to 30% of the amounts of fees claimed and proven, due to the Ministry of Health's mechanism for regulating imported food, which granted the Companies protection from criminal and civil lawsuits in respect of damage caused to consumers from damaged imported food. As a result of the ruling, the WFINT received in 2015 a total of approximately NIS 1.1 million.
   After the Ministry of Health appealed against the ruling, on 19 April 2017 a partial ruling was issued that upholds the rulings of the Magistrates Court unchanged in connection with the refund of fees and the rate of fees to be refunded; however, the question relating to the threshold for proving the damage remained outstanding.
   The Ministry of Health appealed the ruling and in April 2017 a partial ruling was given that upheld the court's rulings regarding the charge of restitution and its rate, while the question of the threshold for proving the damage remained pending. In November 2015, the companies filed another lawsuit against the Ministry of Health for the refund of early registration fees for food imports in the amount of NIS 2 million, which were paid by the companies in 2009-2009. On December 30, 2019, a compromise agreement was signed with the Ministry of Health. 42% of the amount of the lawsuit filed in 2015 and will return to the Ministry of Health 10% of the amount of the lawsuit filed in 2009, so that in January 2020, the company received a refund of NIS 0.6 million from the Ministry of Health in addition to NIS 1.1 million from 2015.
2. On December 1, 2013, the companies filed a lawsuit in the court against the Ministry of Health for the refund of release fees from the blocking in the amount of NIS 2.1 million. The fees were paid to the Ministry of Health for the release of food shipments from the port which according to the companies was actually carried out by the customs authorities and collected without a legal basis. On May 13, 2015, a ruling was given according to which the blocked funds ought to be released, as those fees were illegally collected by the Ministry of Health. The ruling ordered the Ministry of Health to return to companies 70% of the fees paid by them. On July 8, 2015, appeals were filed on behalf of both parties, after a number of hearings the court offered the parties to resort to a compromise through mediation. The parties agreed to bring to the mediation procedure all the issues in the appeal and all the cases pending in the courts. On December 31, 2019, a settlement agreement was signed in which it was determined that the companies will receive a total amount of NIS 1.3 million. On January 9, 2020, the court gave effect to the settlement agreement. During April 2020, the company received a refund of NIS 1.3 million from the Ministry of Health.

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 5 - CONTINGENT LIABILITIES AND COMMITMENTS (Cont.)

1. CONTINGENT LIABILITIES AND COMMITMENTS - WFI and its subsidiaries (Cont.)

1. In March 2019, an amended property tax assessment ("the assessment") was received from the Yavne Municipality (the "Municipality") in respect of the property in Yavne where occupied by G. Wilifood. As part of the assessment, 3,660 square meters of occupied land was added to the bill. The amendment of the assessment was done by the municipality retroactively also for the years 2016¬-2018, so that the total billing supplement currently stands, according to the municipality, at a total of NIS 734,186 at the end of 2019. Following the assessment correction, the approach G. Wilifood obtained, appealed, and filed an administrative petition detailing its claims against the billing surcharge for 2019 onwards and against the municipality's decision to retroactively suspend the assessment of the assessment for 2016¬-2018 in violation of a valid settlement agreement. As part of negotiations conducted in parallel with the legal proceedings, a compromise was reached with the municipality, according to which it will be paid by c. Wilifood a total of NIS 380,000 for the full settlement of the municipality's requirements in relation to the additional land area until December 31, 2020.
2. On July 17, 2019, a lawsuit and application for approval as a class action was filed in the Jerusalem District Court against G. Wilifood and against 11 other respondents. According to the applicant, G. Wilifood allegedly did not comply with the provisions of the food labeling standard of one of its products and thus misled the consumer public. The applicant claimed in a comprehensive manner that the respondents all together caused him pecuniary damage in the amount of NIS 5 and the other members of the group pecuniary damage in the amount of over NIS 3 million. G. Wilifood filed a motion for outright dismissal of the permit application. On March 5, 2020, a pre-trial hearing was held, during which the court recommended to the parties that an application be submitted with consent to the removal of the application for approval. On May 12, 2020, a ruling was given according to which the application for approval will be deleted and the personal claim will be rejected subject to the payment of a fee to the applicant's attorney and as compensation to the plaintiff in amounts that are not material to the company.
3. On September 19, 2019, the Company announced that Adv. Ziv Ironi, who serves as an external director of the Company ("Urban Adv." Or "the Applicant"),an opened motion, (the "Opening Motion") to the Economic Department of the Tel Aviv District Court ("the Court"). Against the company, the directors serving in the company, a candidate (as he was at the time) for the position of external director in the company, the Securities Authority, Menora Mivtachim Holdings Ltd. and Entropy Economic Research Services Ltd. As part of the opening motion, Adv. Ziv Ironi requested that the court declare that: A) The position on the agenda of the general meeting of the shareholders of the company scheduled for September 25, 2019 or at any postponed date at which a meeting will be held on the agenda of the subject of the opening motion ("general meeting"), voting on the extension of the applicant's term Serving, for an additional three-year term as an external director on the Company's Board of Directors, together with a vote on the appointment of a new external director to the Company, before a separate vote was held to extend the applicant's term, is illegal; B) Performing two voting procedures at the general meeting, both for the appointment of a new external director and for the appointment of an external director serving for another term, while creating a "competition" between them, contrary to the provisions of the Companies Law, 1999 ("Companies Law") in general and the purpose of amendment No. 16 of the Companies Act, in particular; C) As a result of the aforesaid, the court was asked to declare that to the extent that a decision is made at the general meeting on the appointment of a new external director, the applicant has passed, then such a decision is void. On January 22, 2020, a hearing was held in the Tel Aviv District Court on the company's request to dismiss the lawsuit definitely, in light of the appointment of the applicant for another term as an external director of the company, during which the applicant announced that he was withdrawing from the lawsuit.

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 5 - CONTINGENT LIABILITIES AND COMMITMENTS - (Cont.)

1. CONTINGENT LIABILITIES AND COMMITMENTS - WFI and its subsidiaries (Cont.)

1. On May 7, 2020, a claim and application for approval as a class action was filed in the Central District Court (the "Court") against G. Wilifood and against two other respondents. According to the applicant, G. Wilifood marketed a number of products as products approved by the Chief Rabbinate of Israel before the actual rabbinate approval was obtained. Thus, the applicant alleges a violation of various laws. The applicant claims that he cannot at this stage estimate the amount of the class action in relation to all the members of the group. On G. Wilifood to submit a response to the application for approval by August 5, 2020. In light of the above, the Company's management estimates that that the information in financial statements and notes to the financial statements in respect of this proceeding is sufficient.
2. On June 24, 2020, a lawsuit and application for approval as a class action was filed in the Central District Court against G. Wilifood, Euro Dairies Europe Ltd. and another respondent. According to the applicant, G. Wilifood has marketed a number of products with the words "without salt" and "without added salt" on them and this caption is misleading and contrary to the provisions of the law and the relevant standards. On c. Wilifood to submit a response to the application for approval by November 10, 2020. In light of the above, the Company's management estimates that the information in financial statements and in the notes to the financial statements in respect of this procedure is sufficient.

1. On May 26, 2020, a lawsuit was filed by Tnuva Cooperative Center for the Marketing of Agricultural Products Ltd. against the WF and G. Wilifood. According to the applicant, a number of products marketed by G. Wilifood constitute an alleged infringing imitation of Tnuva product packaging. That Tnuva's rights were violated, permanent restraining orders to prevent the continued use of the product packaging by G. Wilifood, orders to collect the products from the points of sale and an order to provide accounts regarding G. Wilifood's income from the sale of those products.
   On June 9, 2020, a response was filed by Wilifood to the motion, in which all allegations of infringement were denied. On July 26, 2020, a settlement agreement was signed between the parties, which concludes the proceedings in the case, according to which Tnuva waived its financial claims against Wilifood. In light of the above, the Company's management estimates that the information in financial statements and in the notes to the financial statements in respect of this procedure is satisfactory.

NOTE 6 - EVENTS DURING THE REPORTING PERIOD AND SUBSEQUENT EVENTS

A. Corona virus: The spread of the corona virus, a global event with significant macroeconomic implications, continues to plague many countries around the world and Israel among them (the "corona crisis" and the "crisis"). This crisis, and the restrictions on movement and activity imposed in Israel and other countries around the world in an attempt to prevent the spread of the virus, present the economy with many challenges, manifested in an unprecedented decline in business activity, both in terms of intensity and speed. Despite the slowdown in the spread of the virus in Israel at the beginning of the second quarter of 2020, in the second half of the quarter there was an increase in the rate of spread and the current time is still characterized by significant uncertainty about the virus' spread and intensity. It should be emphasized that this is a variable event whose scope and duration are not under the control of the Company and therefore the Company does not know at this stage to assess the full extent of the economic effects on its areas of activity. The company is defined as an essential enterprise according to the Labor Service Law in Emergencies 1976. The Company's business activity in the field of imports during the first quarter of 2020 and thereafter took place as usual, except for the changes required to adjust the distribution, trade and sales system in order to meet the growing demand for the Company's

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B.S.D CROWN LTD.

NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

NOTE 6 - EVENTS DURING THE REPORTING PERIOD AND SUBSEQUENT EVENTS (Cont.)

A. Corona virus(Cont.)

products as a result of the crisis. In the first half of 2020, the company showed an increase in its sales of approximately NIS 35.3 million, an increase of approximately 17.8% compared to the corresponding period last year. The increase in sales is mainly due to an increase in demand for the company's products in the marketing chains and vice versa, from a decrease in sales to the institutional market (hotels, catering, cafes, restaurants and banquet halls), whose activity was reduced following the crisis. However, during the first half of 2020, the Company received many requests from its customers, mainly in the institutional market, to defer payments and / or spread debts, as a result of their inability to meet payments due to the reduction and / or cessation of their business activities. The Company has reached agreements with its customers and most of their debts are insured with credit insurance and / or through deposits and / or bank guarantees and / or promissory notes and / or personal guarantees, so that the effect of deferred payments and / or spread of debts on the Company's financial results is not material. The company purchases its goods from one hundred and twenty suppliers around the world, including the Far

East, Europe, the United States, South America and Israel. It is clarified that at this date the Company is not dependent on any of its suppliers. In addition to its activities in the food sector, the Company holds (mainly through G. Wilifood and companies under its control) a diverse securities portfolio traded on the Tel Aviv Stock Exchange Ltd. ), Which amounted to NIS 110.5 million as of June 30, 2020 (in addition to the amount of NIS 170.9 million in cash and cash equivalents). The uncertainty arising from the crisis has led to high volatility in the financial markets and sharp declines in the capital markets in Israel and around the world (especially during the first quarter of 2020), which have a negative material effect on the value of the investment portfolio. During the first half of 2020, the losses in the investment portfolio amounted to NIS 13.9 million. The total cumulative loss from the beginning of the year to the date of the report amounted to NIS 8.2 million.

B. As of January 1, 2020, WFINT ceased to be a "small corporation" as defined in the Securities (Periodic and Immediate Reports) Regulations, 1970 ("Regulations"). In accordance with Regulation 5E (c) of the Regulations, the WFINT will continue to report pursuant to Regulation 5D of the Regulations. Implementation of the relief for "small corporation" (excluding the continued publication of its quarterly financial statements), up to and including the company's quarterly report as of September 30, 2020.

1. On March 2, 2020, Mr. Michael Lubuszitz ceased to serve as the WF's CEO.
2. On March 10, 2020, Mrs. Einat Peled Shapira began serving as the WF's CEO.
3. On June 15, 2020, G. Wilifood for trading on the Tel Aviv Stock Exchange as a dual publicly traded company, in addition to listing on the Nasdaq Stock Exchange in New York.
4. On July 23, 2020, G. Wilifood shares of Shufersal Ltd. ("Shufersal") in the amount of approximately NIS 30 million. Shufersal shares were purchased in accordance with the decision of the Investment Committee of G. Wilifood, as part of the distribution of Shufersal shares by its former controlling shareholder.

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