AFFLE: ISRAEL STEP-DOWN SUBSIDIARY ACQUIRES 100% OUTSTANDING SHARES OF PERION NETWORK LTD

• Israel-based step-down subsidiary Affle 3iL Ltd signed a definitive merger agreement to acquire 100% of Perion Network Ltd (NASDAQ & TASE: PERI) in an all-cash deal • Perion shareholders to receive US$11.70 per share; deal values Perion at implied equity value of ~US$420 million • Perion has no financial debt; cash balance of ~US$228 million as on September 30, 2026 • Reverse triangular merger: Perion becomes wholly owned subsidiary, delisted from Nasdaq and TASE, continues under the Perion brand • Funded via committed bank financing and available cash; Affle net debt free post acquisition with FY2028 revenue run rate of over US$700 Mn • Perion CY25 revenue US$439.9 Mn with PAT of -US$7.9 Mn; deal expected to be EPS accretive by end of first year after closing

Affle 3I Ltd

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