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Posted By admin on December 13, 2021

This is an English translation of a Hebrew Immediate Report that was published on December 7, 2021 (reference no.: 2021-01-106897) (hereafter: the "Hebrew Version"). This English version is for convenience purposes only. This is not an official translation and has no binding force. While reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

Chakratec Ltd.

(The "Company")

December 7, 2021

To

To

Tel Aviv Stock Exchange

Israel Securities Authority

http://www.isa.gov.il

http://www.tase.co.il

Re: The first sale of the Company's next-gen products and construction of charging stations for electric vehicles in Germany

other local entities), a complete "Turnkey" solution of EV fast-charging facilities. It was agreed between the parties that the Agreements, with the Customer, may be assigned to a subsidiary of the Company in Germany, if such subsidiary is established.

If the other engagements regarding these sites are finalized in the near future, it means that four additional KPB100 systems will be ordered, which the Company estimates can be delivered in 2022 (also depending on the date of approval of Grants by the German authorities).

The information detailed above, including the date of construction of the charging sites, the date of completion of development and certification of the Company's KPB100 system, receipt of financing for the construction of fast charging Facilities, future engagement for the construction of additional charging facilities, project profitability and more, including forecasts, are called "Forward-lookingInformation" as defined in the Securities Law-1968,which is uncertain and based on the data and information available at the time of this reporting by the Company, based on the Company's assessments regarding future developments and events whose date of occurrence, if any, is uncertain and not within the Company's control.

These assessments may not materialize, in whole or in part, or may be realized differently than assessed by the Company, as a result of various factors, including the effects of the Corona virus, the Company's

non-compliance with development goals and or non-compliance with schedules or marketing or additional factors beyond the Company's control, including the realization of any of the Company's risk factors listed in section 1.3.36 in the chapter describing the corporation's business in the Company's periodic report for 2020 published on 31.3.2021 (reference number: 2021-01-053412).

Sincerely,

Chakratec Ltd.

Signed by: Boaz Weizer, CEO

Disclaimer

Chakratec Ltd. published this content on 12 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 December 2021 08:15:00 UTC.

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Chakratec : The first sale of the Company's next-gen products and construction of charging stations for electric vehicles in Germany -...

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