Kenon Holdings Ltd.?s (?Kenon?) subsidiary OPC Energy Ltd. (?OPC?) announced that a subsidiary of OPC (which is 80% indirectly held by OPC, such entity, the ?Supplier?), which is engaged in the generation and supply of electricity in Israel, entered into an agreement (the ?Agreement?) with Partner Communications Company Ltd. (?Partner?) for the purpose of selling electricity to Partner?s consumers, who are household consumers and small consumers (SMB).  The Agreement will enable diversification of OPC?s customer base. Pursuant to the Agreement, the Supplier will supply electricity up to maximum quantities and under the conditions in the Agreement, to Partner?s customers, who will enter into an agreement with the Supplier and Partner for the supply of electricity by the Supplier.  Partner will be required to maintain interfaces with the electricity consumers in connection with the sale of the electricity pursuant to the Agreement, and will be entitled to the full amount of payments that it will collect from the electricity consumers.  The Supplier will be required to supply the required electricity, and will be entitled to payment from Partner in accordance with the quantity of electricity that electricity consumers consume pursuant to the tariff set forth in the Agreement. The Agreement does not include an undertaking by Partner to purchase a minimum quantity of electricity or to sign-on a minimum number of consumers, but it does include an undertaking by Partner not to sign-on or supply electricity to electricity consumers from any source other than through the Supplier, so long as a certain number of electricity consumers has not signed on to the Supplier in accordance with the Agreement.

The Agreement sets a maximum number of household electricity consumers that can be signed on to the Supplier, and a maximum hourly consumption in relation to SMB consumers, unless agreed otherwise by Partner and the Supplier. The term of the Agreement is from April 1, 2024 to March 31, 2030, subject to circumstances under which the Agreement may be terminated before the end of its term.