| Schedule of Debentures |
Debentures are comprised of the following as of the below dates: | | | Effective Interest rate | | | Currency | | Par value in issuance currency (thousand) | | Par Value | | | Unamortized debt premium (discount) and issuance costs, net | | | Current maturities | | | Total
long-term
debentures,
net of
current
maturities | | | Short-term accrued interest | | | Total
short-term
and
long-term
debentures | | | | | % | | | | | | | December 31, 2025 | | Formula’s Series C
Secured Debentures (2.29%) | | | 2.7 | | | NIS (Unlinked) | | NIS 165,642 | | $ | 51,925 | | | $ | (187 | ) | | $ | 51,738 | | | $ | - | | | $ | 98 | | | $ | 51,836 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Formula’s Series D
Secured Debentures (5.68%) | | | 6.01 | | | NIS (Unlinked) | | NIS 150,000 | | $ | 47,022 | | | | (525 | ) | | | - | | | | 46,497 | | | | 221 | | | | 46,718 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Matrix’s Series B Debentures (4.1%) | | | 4.5 | | | NIS (Unlinked) | | NIS 305,820 | | $ | 95,868 | | | | (837 | ) | | | 22,872 | | | | 72,159 | | | | 1,767 | | | | 96,798 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 194,815 | | | $ | (1,549 | ) | | $ | 74,610 | | | $ | 118,656 | | | $ | 2,086 | | | $ | 195,352 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Effective Interest rate | | | Currency | | Par value in issuance currency (thousand) | | Par Value | | | Unamortized debt premium (discount) and issuance costs, net | | | Current maturities | | | Total
long-term
debentures,
net of
current
maturities | | | Short-term accrued interest | | | Total
short-term
and
long-term
debentures | | | | | % | | | | | | | December 31, 2024 | | | Formula’s Series C Secured Debentures (2.29%) | | | 2.7 | | | NIS (Unlinked) | | NIS 331,283 | | $ | 90,837 | | | $ | (499 | ) | | $ | 45,419 | | | $ | 44,919 | | | $ | 170 | | | $ | 90,508 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Formula’s Series D
Secured Debentures (5.68%) | | | 6.01 | | | NIS (Unlinked) | | NIS 150,000 | | $ | 41,130 | | | | (528 | ) | | | - | | | | 40,602 | | | | 193 | | | | 40,795 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Sapiens’ Series B Debentures (3.37%) | | | 3.3 | | | NIS (Linked to fix rate of USD) | | NIS 140,000 | | $ | 39,593 | | | | (5 | ) | | | 19,796 | | | | 19,792 | | | | 672 | | | | 40,260 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Matrix’s Series B Debentures (4.1%) | | | 4.5 | | | NIS (Unlinked) | | NIS 373,738 | | $ | 102,478 | | | | (1,078 | ) | | | 18,623 | | | | 82,777 | | | | 1,909 | | | | 103,309 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 274,038 | | | $ | (2,110 | ) | | $ | 83,838 | | | $ | 188,090 | | | $ | 2,944 | | | $ | 274,872 | |
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