Chris Reimer

Maggie Nolan

Kathleen Kronstein

Margaret Nolan

Tavy Rosner

- Magic Software Enterprises Ltd. has entered into a definitive merger agreement with Matrix IT Ltd. on **November 3, 2025**, under which Magic will become a **wholly-owned subsidiary of Matrix**.  **[876779_0001213900-25-105163_ea026353901ex99-1_magic.htm:0]** **[876779_0001213900-25-105163_ea0263539-6k_magic.htm:1]** 
- Magic shareholders will receive **ordinary shares of Matrix** as merger consideration, resulting in them holding **31.125%** of Matrix's outstanding shares on a fully diluted basis post-merger.  **[876779_0001213900-25-105163_ea0263539-6k_magic.htm:1]** **[876779_0001213900-25-105163_ea026353901ex99-4_magic.htm:7]** **[876779_0001213900-25-105163_ea026353901ex99-2_magic.htm:8]** **[876779_0001213900-25-105163_ea026353901ex99-2_magic.htm:53]** 
- Upon completion, Magic's shares on Nasdaq will be canceled, and shareholders will receive shares listed solely on the **Tel Aviv Stock Exchange**.  **[876779_0001213900-25-105163_ea0263539-6k_magic.htm:1]** 
- The merger is subject to various conditions, including shareholder and regulatory approvals, such as approval by a special majority of minority shareholders.  **[876779_0001213900-25-105163_ea0263539-6k_magic.htm:1]** **[876779_0001213900-25-105163_ea026353901ex99-4_magic.htm:7]** **[876779_0001213900-25-105163_ea026353901ex99-2_magic.htm:8]** **[876779_0001213900-25-105163_ea026353901ex99-1_magic.htm:41]**

MAGIC SOFTWARE ENTERPRISES (MGIC)