<SEC-DOCUMENT>0001178913-25-003620.txt : 20251030
<SEC-HEADER>0001178913-25-003620.hdr.sgml : 20251030
<ACCEPTANCE-DATETIME>20251030125058
ACCESSION NUMBER:		0001178913-25-003620
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20251030
FILED AS OF DATE:		20251030
DATE AS OF CHANGE:		20251030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ituran Location & Control Ltd.
		CENTRAL INDEX KEY:			0001337117
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32618
		FILM NUMBER:		251433576

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOUR
		PROVINCE COUNTRY:   	L3
		ZIP:			5800182
		BUSINESS PHONE:		972-3-557-1333

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOUR
		PROVINCE COUNTRY:   	L3
		ZIP:			5800182
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2533882.htm
<DESCRIPTION>6-K
<TEXT>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold; font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold; font-size: 14pt;">FORM 6-K</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">REPORT OF FOREIGN ISSUER<br>
      PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<br>
      SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">October 30, 2025</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Commission File Number: 001-32618</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold; font-size: 16pt;">Ituran Location and Control Ltd.</div>
    <div style="text-align: center; line-height: 1.25; font-style: italic;">(Exact name of Registrant as specified in its Charter)</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">3 Hashikma Street, Azour 58001, Israel</div>
    <div style="text-align: center; line-height: 1.25; font-style: italic;">(Address of Registrant&#8217;s principal executive offices)</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
    <div style="line-height: 1.25;">&#160;</div>
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          <td style="width: 100%; vertical-align: top;">
            <div style="line-height: 1.25;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
          </td>
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    <div><br>
    </div>
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            <div style="text-align: center; line-height: 1.25;">Form 20-F&#160;<font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font>&#160;&#160;&#160;Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
          </td>
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    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 100%; vertical-align: top;">
            <div style="line-height: 1.25;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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            <div style="text-align: center; line-height: 1.25;">Yes <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;&#160; No&#160;<font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font></div>
          </td>
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    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 100%; vertical-align: top;">
            <div style="line-height: 1.25;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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            <div style="text-align: center; line-height: 1.25;">Yes <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;&#160; No&#160;<font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font></div>
          </td>
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    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;">On October 30, 2025, Ituran Location and Control Ltd. issued press release announcing the Annual General Meeting of Shareholders.</div>
    </div>
    <div style="line-height: 1.25;"> <br>
    </div>
    <div style="line-height: 1.25;">A copy of this press release is annexed hereto as Exhibit 99.1.</div>
    <div style="line-height: 1.25;">&#160;</div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>SIGNATURE</u></div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="line-height: 1.25;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.</div>
    <div style="line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td colspan="2" style="vertical-align: top;">
            <div style="text-align: justify; line-height: 1.25;">ITURAN LOCATION &amp; CONTROL LTD.</div>
          </td>
          <td style="width: 12%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 34.36%; vertical-align: top;">
            <div style="line-height: 1.25;">(Registrant)</div>
          </td>
          <td style="width: 12%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 34.36%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 12%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">By:</div>
          </td>
          <td nowrap="nowrap" style="width: 34.36%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="line-height: 1.25;">/s/ Eyal Sheratzky</div>
          </td>
          <td style="width: 12%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">Name:</div>
          </td>
          <td nowrap="nowrap" style="width: 34.36%; vertical-align: bottom;">
            <div style="line-height: 1.25;">Eyal Sheratzky</div>
          </td>
          <td style="width: 12%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">Title:</div>
          </td>
          <td style="width: 34.36%; vertical-align: top;">
            <div style="line-height: 1.25;">Co-Chief Executive Officer</div>
          </td>
          <td style="width: 12%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="line-height: 1.25;">Date: October 30, 2025</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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  <div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>EXHIBIT INDEX</u></div>
    <div style="line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25;"><u>Exhibit No.</u></div>
          </td>
          <td style="width: 93%; vertical-align: top;">
            <div style="line-height: 1.25;"><u>Item</u></div>
          </td>
        </tr>
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          <td rowspan="1" style="width: 93%; vertical-align: top;">&#160;</td>
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          <td style="width: 7%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_99-1.htm">99.1</a></div>
          </td>
          <td style="width: 93%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_99-1.htm">Press Release, dated October 30, 2025, announcing the Annual General Meeting of Shareholders.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 93%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_99-2.htm">99.2</a></div>
          </td>
          <td style="width: 93%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_99-2.htm">Proxy card</a></div>
          </td>
        </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
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    <div>
      <div style="text-align: right; line-height: 1.25; font-weight: bold;"><u>Exhibit 99.1</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <img src="image00001.jpg"></div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITURAN LOCATION AND CONTROL LTD.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Dear Shareholder,</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25;">Re: <u>Annual General Meeting of Shareholders</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">You are cordially invited to attend an Annual General Meeting of Shareholders (the &#8220;<font style="font-weight: bold;">Annual Meeting</font>&#8221;) of Ituran Location and Control Ltd. to be held at
        Ituran&#8217;s USA offices at 1700 NW 64th St. Suite 100 Fort Lauderdale, FL 33309 USA, on December 16, 2025 at 9:00 a.m. US Eastern time.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Holdings of the Company&#8217;s ordinary shares are being asked to vote on the matters listed in the enclosed Notice of Annual General Meeting of Shareholders. Your Board of Directors recommended a vote
        &#8220;FOR&#8221; all the matters set forth in the notice.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">At the Annual Meeting, representatives of the Board of Directors and management will be pleased to respond to any questions you may have.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Whether or not you plan to be present at the Annual Meeting and regardless of the number of ordinary shares you own, you are requested to complete and return the enclosed proxy, which is solicited
        by the Company&#8217;s Board of Directors, and mail it promptly in the accompanying envelope, so that your votes will be recorded. Your proxy must be received no later than 9:00 a.m. US Eastern time, on November 10, 2025, to be counted for the Annual
        Meeting. If you are present at the Annual Meeting and desire to vote in person, you may revoke your appointment of proxy at the Annual Meeting so that you may vote your shares personally.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Your cooperation is appreciated.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
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              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 50%; vertical-align: middle;">
              <div style="line-height: 1.25;">Truly yours,</div>
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25;">Ze'ev Koren</div>
              <div style="line-height: 1.25;">Chairman of the Board of Directors</div>
            </td>
          </tr>

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      <div style="line-height: 1.25;">
        <div> <br>
        </div>
        <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zf74babbb419749099a05ce17b0a78394">

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              <td style="width: 100%; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="line-height: 1.25; font-weight: bold;">AS A FOREIGN PRIVATE ISSUER, WE ARE EXEMPT FROM THE RULES UNDER THE SECURITIES EXCHANGE ACT RELATED TO THE FURNISHING AND CONTENT OF PROXY STATEMENTS. THE CIRCULATION OF THIS PROXY
                  STATEMENT SHOULD NOT BE TAKEN AS AN ADMISSION THAT WE ARE SUBJECT TO THOSE PROXY RULES.</div>
              </td>
            </tr>

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      </div>
    </div>
    <br>
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      <div style="text-align: center; line-height: 1.25;"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25;">
        <div style="line-height: 1.25; font-weight: bold;"> <img src="image00001.jpg"></div>
      </div>
      <div style="text-align: center; line-height: 1.25;">ITURAN LOCATION AND CONTROL LTD</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25;">NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">To the shareholders of</div>
      <div style="line-height: 1.25;">Ituran Location and Control Ltd.:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The Annual general meeting of shareholders (the "<font style="font-weight: bold;">Annual Meeting"</font>) of Ituran Location and Control Ltd. (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;)
        will be held at Ituran&#8217;s USA offices at 1700 NW 64th St. Suite 100 Fort Lauderdale, FL 33309 USA, on December 16, 2025 at 9:00 a.m. US Eastern time for the following purposes:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

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            </td>
            <td style="width: 27pt; vertical-align: top;">1.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>To receive and discuss the audited Consolidated Financial Statements of the Company for the year ended December 31, 2024.</div>
            </td>
          </tr>

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      <div style="line-height: 1.25;">&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

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            <td style="width: 20.25pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top;">2.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>To renew the appointment of the firm of Fahn Kanne &amp; co. (a member firm of Grant Thornton International) as the Company&#8217;s independent auditors for the year ending December 31, 2025 and until the Company&#8217;s next annual general meeting.</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;">&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

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            </td>
            <td style="width: 27pt; vertical-align: top;">3.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>To elect the following persons to serve as directors in Class A for additional period until third succeeding Annual meeting thereafter: Eyal Sheratzky, Efraim Sheratzky, Tal Sheratzky Jaffa and Yoav Kahane (Director and Independent
                Director).</div>
            </td>
          </tr>

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      <div style="line-height: 1.25;">
        <div> <br>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

            <tr>
              <td style="width: 20.25pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top;">4.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>To approve the renewal of the Compensation Policy of the Company, that was recently approved by the shareholders in the general meeting held on December 22, 2022.</div>
              </td>
            </tr>

        </table>
        <div> <br>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

            <tr>
              <td style="width: 20.25pt;"><br>
              </td>
              <td style="width: 27pt; vertical-align: top;">5.</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>To elect Mrs. Riki Segev&#160; as External Director&#160; (External Director and Independent Director) for the Company, to office for a three years term which will commence on December&#160; 16, 2025.</div>
              </td>
            </tr>

        </table>
        &#160; &#160;&#160; <br>
      </div>
      <div style="text-align: justify; line-height: 1.25;">The affirmative vote of the holders of the majority of the voting power represented at the Meeting in person, by written ballot or by proxy and voting thereon is necessary for approval of items 2,
        3 and with regards to items 4 and 5 please see, respectively, Proposals Three and Four an elaborated explanation under "Vote Required".</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">Only shareholders of record at the close of business on November 10, 2025 (the &#8220;<font style="font-weight: bold;">Record Date</font>&#8221;) will be entitled to participate in and vote at the Annual
        Meeting, subject to the restrictions in the Company&#8217;s Articles of Association, as set forth in the attached Proxy Statement. All shareholders are cordially invited to attend the Annual Meeting in person.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Section 87(a) to the Israeli Companies Law, Company's Articles of Association and Board resolution permit to shareholders who will not attend the Annual Meeting in person, to vote by completing the
        Form of Proxy Card. The shareholders may also submit a position notice to the Company&#8217;s offices (envelope marked clearly as &#8220;position notice&#8221;, to the Company Secretary, at the Company registered address stated above) no later than ten (10) days
        prior to the Annual Meeting. The Board of Directors of the Company may submit response to such position notices until five (5) days prior to the Annual Meeting. Changes to the Annual Meeting agenda may be made after the filing of the Statement of
        Proxy, including by adding an item to the agenda following a shareholder request (in accordance with Section 66(b) to the Israeli Companies Law) submitted to the Company no later than seven (7) days following the date in which the Company filed the
        attached Proxy Statement, all in accordance with the Israeli Companies Regulations (Notice and advertisement regarding a general meeting and a class meeting in a public company and the addition of an item to the agenda) (2000). In such case, the
        Company will file an amended agenda and an amended Statement no later than seven (7) days from the last date of submission of such shareholder's request. The filing of an amended agenda will not require the change of the Record Date as set forth
        above and in the attached Proxy Statement. The Proxy Statement, the amended agenda and the amended Proxy Statement (both, if any) and position notices are or will be available on Form 6-K at the U.S. Securities and Exchange Commission&#8217;s EDGAR
        System <u>http://www.sec.gov/edgar.shtml</u>.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%LCR%2%%%-->
      <div style="text-align: justify; line-height: 1.25;">If you wish to attend the Annual Meeting in person and if your shares are held in "street name", meaning a shareholder whose Ordinary Shares are registered in his, her, or its favor with a member
        of a stock exchange or other record holder and which are included in the Ordinary Shares registered in the register of shareholders of the&#160;Company&#160;under the name of such record holder, shall be required to prove ownership of such Ordinary Shares as
        of the Record Date by providing the Company, at least 24 hours before the time appointed for holding the Meeting, with proof of ownership, issued by a record holder as well as a statement from such record holder that it did not vote such shares,
        and a copy of the shareholder's passport, valid identification document or incorporation certificate.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The Company&#8217;s Articles of Association also allow shareholders registered in the Company&#8217;s Shareholders Register to appoint a proxy to vote in their stead (whether personally or by means of a&#160;
        Proxy) at the Annual Meeting, by means of a Deed of Authorization in the form a set forth in the Articles of Association of the Company, so long as the Deed of Authorization is delivered to the Company at least twenty-four (24) hours prior to the
        time of the Annual Meeting or presented to the Chairman at such meeting.&#160;Shareholders may revoke their Deeds of Authorization by a written notice received at the Company&#8217;s offices prior to the commencement of the Annual Meeting,&#160;or if present in
        person at said General Meeting, may revoke the appointment by means of a written or oral notification to the Chairman and vote their shares in person.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Shareholders who will not attend the Annual Meeting in person are requested to complete date and sign the aforementioned form of Proxy Card distributed herewith (or the amended Form of Proxy Card,
        if any) and to return it promptly (and in any event, at least forty eight (48) hours prior to the time of the Annual Meeting) to the Company's transfer agent in the enclosed envelope or to vote by remote voting according to provided instructions
        (if it&#8217;s available).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Any two or more Shareholders present in person or by proxy, or who have delivered to the Company proxy card indicating their manner of voting, and who hold or represent shares conferring in the
        aggregate at least thirty-three and one-third percent (33 1/3%) of the voting power of the Company, shall constitute a lawful quorum at the Annual Meeting. A Shareholder or his proxy, who also serves as a proxy for other Shareholder(s), shall be
        regarded as two or more Shareholders, in accordance with the number of Shareholders he is representing.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">If within an hour from the time appointed for the General Meeting a quorum is not present, the meeting shall stand adjourned to the same day in the next week, at the same time and place. No
        business shall be transacted at any adjourned meeting except business which might lawfully have been transacted at the meeting as originally called. At such adjourned meeting, any number of Shareholders present in person or by proxy or by proxy
        card, shall constitute a lawful quorum. The vote necessary to approve the resolutions relating to the matters upon which you will be asked to vote is specified herein above. Each outstanding Ordinary Share is entitled to one vote upon each of the
        matters to be presented at the Annual Meeting.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">A shareholder is entitled to contact the Company directly and receive the text of the Proxy Statement (or the amended Proxy Statement, if any) and the Position Notices (<font style="font-style: italic;">"hodaot emda</font>") (if any).</div>
      <div style="text-align: justify; line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">For information regarding compensation on an individual basis for the Company's five Office Holders with the highest compensation for the year 2024, please see the Company's Annual Report on Form
        20-F for the year ended December 31, 2024 &#8220;Item 6. Directors, Senior Management and Employees - Item B. Compensation&#8221; at:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;"><u>https://www.sec.gov/Archives/edgar/data/1337117/000117891325001365/zk2533014.htm</u></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Copies of the proposed resolutions are available at Ituran&#8217;s USA offices at 1700 NW 64th St. Suite 100 Fort Lauderdale, FL 33309 USA, every business day from 9 a.m. to 5 p.m. (US Eastern Time),
        following prior coordination at telephone number +1-954-484-3806.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">ii</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div style="line-height: 1.25; font-style: italic; font-weight: bold;">Diversity of the Board of Directors</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The table below provides certain information regarding the composition of our&#160;Board. Each of the categories listed in the below table has the meaning as it is used in Nasdaq
        Rule&#160;5605(f) and related instructions.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Board Diversity Matrix (As of October 30, 2025)</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="3" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">Country of Principal Executive Offices</div>
            </td>
            <td colspan="4" style="width: 64.22%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">Israel</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -126.6pt; margin-left: 126.6pt; line-height: 1.25;">Foreign Private Issuer</div>
            </td>
            <td colspan="4" style="width: 64.22%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">Yes</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">Disclosure Prohibited under Home Country Law</div>
            </td>
            <td colspan="4" style="width: 64.22%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">No</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">Total Number of Directors</div>
            </td>
            <td colspan="4" style="width: 64.22%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-weight: bold;">Part I: Gender Identity</div>
            </td>
            <td style="width: 8.25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Female</div>
            </td>
            <td style="width: 6.16%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Male</div>
            </td>
            <td style="width: 37.82%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Non-Binary</div>
            </td>
            <td style="width: 11.99%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Did Not Disclose&#8194;</div>
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">Gender</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">Directors</div>
            </td>
            <td style="width: 8.25%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">1</div>
            </td>
            <td style="width: 6.16%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">10</div>
            </td>
            <td style="width: 37.82%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 11.99%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-weight: bold;">Part II: Demographic Background</div>
            </td>
            <td colspan="4" style="background-color: #959595; border-right: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 64.22%;">
              <div style="text-align: center; line-height: 1.25;">&#8195;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">Underrepresented Individual in Home Country Jurisdiction</div>
            </td>
            <td colspan="4" style="width: 64.22%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">LGBTQ+</div>
            </td>
            <td colspan="4" style="width: 64.22%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">0</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.78%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="line-height: 1.25;">Did Not Disclose Demographic Background</div>
            </td>
            <td colspan="4" style="width: 64.22%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; line-height: 1.25;">0</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 50%; vertical-align: middle;">
              <div style="text-align: justify; line-height: 1.25;">By order of the Board of Directors,</div>
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="text-align: justify; line-height: 1.25;">Guy Aharonov, Adv.</div>
              <div style="text-align: justify; line-height: 1.25; font-style: italic;">General Counsel</div>
            </td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Azour, Israel</div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">October 30, 2025</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">iii</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">
        <div style="line-height: 1.25; font-weight: bold;"> <img src="image00001.jpg"></div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITURAN LOCATION AND CONTROL LTD.</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">PROXY STATEMENT FOR ANNUAL GENERAL MEETING OF SHAREHOLDERS</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">October 30, 2025</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The enclosed proxy is solicited on behalf of the Board of Directors of Ituran Location and Control Ltd (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) for use at the Company&#8217;s Annual
        General Meeting of Shareholders (the &#8220;<font style="font-weight: bold;">Annual Meeting</font>&#8221;) to be held on December 16, 2025 at 9:00 a.m. US Eastern time, or at any adjournment or postponement thereof, for the purposes set forth herein and in the
        accompanying notice. The Annual Meeting will be held at Ituran&#8217;s USA offices at 1700 NW 64th St. Suite 100 Fort Lauderdale, FL 33309 USA. The telephone number at that address is +1- 954-484-3806.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">INFORMATION CONCERNING SOLICITATION AND VOTING</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Record Date and Shares Outstanding</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">You are entitled to notice of the Annual Meeting and to vote at the Annual Meeting if you were a shareholder of record of Ordinary Shares, nominal value NIS 0.33<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1/3 </sup>(the &#8220;<font style="font-weight: bold;">Ordinary Shares</font>&#8221;), of the Company at the close of business on November 10, 2025 (the &#8220;<font style="font-weight: bold;">Record Date</font>&#8221;). You are also entitled to notice of the Annual Meeting and to vote at
        the Annual Meeting if you held Ordinary Shares through a bank, broker or other nominee which was a shareholder of record of the Company at the close of business on the Record Date or which appeared in the participant listing of a securities
        depository on that date.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">As of October 30, 2025 we have 19,893,580&#160; outstanding shares.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Revocability of Proxies</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">A form of proxy card for use at the Annual Meeting is attached. Please follow the instructions on the proxy card. You may change your mind and cancel your proxy card by filing a written notice of
        revocation with the Company with proof of identity of the shareholder (to the satisfaction of Company's secretary) which have to be received with the Company's registered address at least 48 hours prior to the time of the Annual Meeting, by
        completing and returning a duly executed proxy card bearing a later date, or by voting in person at the Annual Meeting. Attendance at the Annual Meeting will not in and of itself constitute revocation of a proxy.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Quorum, Voting and Solicitation</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Any two or more Shareholders present in person or by proxy, or who have delivered to the Company proxy card indicating their manner of voting, and who hold or represent shares conferring in the
        aggregate at least thirty-three and one-third percent (33 1/3%) of the voting power of the Company, shall constitute a lawful quorum at the Annual Meeting. A Shareholder or his proxy, who also serves as a proxy for other Shareholder(s), shall be
        regarded as two or more Shareholders, in accordance with the number of Shareholders he is representing.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <!--PROfilePageNumberReset%Num%2%%%-->
    <div>
      <div style="text-align: justify; line-height: 1.25;">If within an hour from the time appointed for the General Meeting a quorum is not present, the meeting shall stand adjourned to the same day in the next week, at the same time and place. No
        business shall be transacted at any adjourned meeting except business which might lawfully have been transacted at the meeting as originally called. At such adjourned meeting, any number of Shareholders present in person or by proxy or by proxy
        card, shall constitute a lawful quorum.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The vote necessary to approve the resolutions relating to the matters upon which you will be asked to vote is specified below immediately following each proposed resolution. Each outstanding
        Ordinary Share is entitled to one vote upon each of the matters to be presented at the Annual Meeting.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">If you wish to attend the Annual Meeting in person and if your shares are held in "street name", meaning a shareholder whose Ordinary Shares are registered in his, her, or its favor with a member
        of a stock exchange or other record holder and which are included in the Ordinary Shares registered in the register of shareholders of the&#160;Company&#160;under the name of such record holder, shall be required to prove ownership of such Ordinary Shares as
        of the Record Date by providing the Company, at least 48 hours before the time appointed for holding the Meeting, with proof of ownership, issued by a record holder as well as a statement from such record holder that it did not vote such shares,
        and a copy of the shareholder's passport, valid identification document or incorporation certificate.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The Company&#8217;s Articles of Association also allow shareholders registered in the Company&#8217;s Shareholders Register to appoint a proxy to vote in their stead (whether personally or by means of a&#160;
        Proxy) at the Annual Meeting, by means of a Deed of Authorization in the form as set forth in the Articles of Association of the Company, so long as the Deed of Authorization is delivered to the Company at least twenty-four (24) hours prior to the
        time of the Annual Meeting or presented to the Chairman at such meeting.&#160;Shareholders may revoke their Deeds of Authorization by a written notice received at the Company&#8217;s offices prior to the commencement of the Annual Meeting,&#160;or if present in
        person at said General Meeting, may revoke the appointment by means of a written or oral notification to the Chairman and vote their shares in person.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Shareholders who will not attend the Annual Meeting in person are requested to complete date and sign the aforementioned form of Proxy Card distributed herewith (or the amended Form of Proxy Card,
        if any) and to return it promptly (and in any event, at least forty eight (48) hours prior to the time of the Annual Meeting) to the Company's transfer agent in the enclosed envelope or to vote by remote voting according to provided instructions
        (if it&#8217;s available).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The Board of Directors of the Company is soliciting the attached proxy cards for the Annual Meeting, primarily by electronic delivery mail and by filing it publicly. The original solicitation of
        proxies by mail may be further supplemented by solicitation by telephone and other means by certain officers, directors, employees and agents of the Company, but they will not receive additional compensation for these services. Under Israeli law,
        if a quorum is present in person or by proxy, broker non-votes and abstentions will have no effect on whether the requisite vote is obtained, as they do not constitute present and voting shares.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Shareholders are entitled to apply in writing, through the Company, to the other shareholders of the Company in order to present their position in respect of any item on the agenda of the Annual
        Meeting (&#8220;<font style="font-weight: bold;">Position Notice</font>&#8221;). Position Notices may be sent to the Company&#8217;s Israeli office at 3 Hashikma St. Azour Israel (P.O. Box 11473 Azour 58001), by no later than 10 days prior to the Annual Meeting.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">2</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%3%%%-->
      <div style="text-align: center; text-indent: 36pt; line-height: 1.25; font-weight: bold;">DISCUSSION OF THE COMPANY&#8217;S AUDITED FINANCIAL STATEMENTS</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Background</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The Audit Committee has approved (pursuant to the Nasdaq Corporate Governance Rules) and recommended, and the Board of Directors has approved (pursuant to the Israeli Companies Law), the audited
        financial statements of the Company for the year ended December 31, 2024, as attached to the Company's Annual Report on Form 20-F for the year ended December 31, 2024.&#160;&#160;Under the Israeli Companies Law and the Company&#8217;s Articles of Association,
        shareholders&#8217; discussion is required for both the financial statements and the related report of the Board of Directors (please see the Company's Annual Report on Form 20-F for the year ended December 31, 2024). Our Chief Financial Officer, Mr. Eli
        Kamer will be available to respond to appropriate questions of shareholders.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">It is proposed that at the Annual Meeting the following matter be discussed:</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">&#8220;The audited financial statements of the Company for the year ended December 31, 2024 and the report of the Board of Directors for such period are hereby noted.&#8221;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">No vote of the holders of Ordinary Shares is required in respect with discussion of this item.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">PROPOSAL ONE</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">REAPPOINTMENT OF INDEPENDENT AUDITORS AND AUTHORIZATION</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">OF AUDITORS&#8217; COMPENSATION</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Background</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The Audit Committee and the Board of Directors have selected the accounting firm Fahn Kanne &amp; co., a member of Grant Thornton International, as the independent auditors to audit the
        consolidated financial statements of the Company for the year ending December 31, 2025. Fahn Kanne &amp; co. audited the Company&#8217;s books and accounts since the year ended December 31, 1995.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;">The following table presents aggregate fees for professional audit services and other services rendered by Fahn Kanne &amp; co., for 2023 and 2024:</div>
      <div style="line-height: 1.25;">&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z9dd7e209e7964a2ca7f4d6c14e92832d" class="cfttable">

          <tr>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;"> 2023</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; line-height: 1.25; font-weight: bold;">2024</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 solid 2px;" colspan="4">
              <div style="text-align: center; line-height: 1.25;">(In thousands ,USD)</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 77.5%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25; font-weight: bold;">Audit Fees (1)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.14%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25; font-weight: bold; text-align: center;">596</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.14%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25; font-weight: bold; text-align: center;">551</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 77.5%;">
              <div style="line-height: 1.25; font-weight: bold;">&#160;</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.14%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.14%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 77.5%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25; font-weight: bold;">Tax Fees (2)</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.14%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25; font-weight: bold; text-align: center;">17</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.14%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25; font-weight: bold; text-align: center;">65</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 77.5%;">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.14%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: center; width: 9.14%;" colspan="1" class="cftnumcell">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%;" colspan="1" class="cftfncell">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 77.5%; background-color: rgb(204, 238, 255);">
              <div style="line-height: 1.25; font-weight: bold;">Total</div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.14%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25; font-weight: bold; text-align: center;">613</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftguttercell">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9.14%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
              <div style="line-height: 1.25; font-weight: bold; text-align: center;">616</div>
            </td>
            <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1.04%; background-color: rgb(204, 238, 255);" colspan="1" class="cftfncell">&#160;</td>
          </tr>

      </table>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">(1) The audit fees for the years ended December 31, 2023 and 2024 were for professional services rendered for the audits of our annual consolidated financial statements, review
        of consolidated quarterly financial statements and statutory audits of the Company.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">(2) Consists of all tax related services.</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25;">Our audit committee has approved the above audit and non-audit services provided by Grant Thornton, during&#160;the years 2023 and 2024.</div>
    </div>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">3</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div style="line-height: 1.25; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Shareholders are being asked to renew the appointment of Fahn Kanne &amp; co. as the Company&#8217;s independent auditors for the fiscal year 2025 and until the close of the next Shareholders' Annual
        General Meeting. The Audit Committee will pre-approve all services to be performed by, as provided for in the U.S. Sarbanes-Oxley Act of 2002 and the rules thereunder, while the board of directors will pre-approve and determine the compensation to
        be paid to our auditors, as provided for in the Israel Companies Law, rules and regulations thereunder.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">It is proposed that the following resolution be adopted at the Annual Meeting: &#8220;that Fahn Kanne &amp; co. be appointed as the Company&#8217;s independent auditors for the fiscal year 2025 and until the
        close of the next Shareholders' Annual General Meeting&#8221;.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The affirmative vote of the holders of a majority of the voting power represented at the Meeting in person or by proxy and voting thereon is necessary for approval of this proposal.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Board Recommendation</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">The Board of Directors recommends that the shareholders vote &#8220;FOR&#8221; the renewal of the appointment of the Company&#8217;s independent auditors.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">PROPOSAL TWO</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">The election of certain directors for additional period</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">&#160;until third succeeding Annual meeting thereafter</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Background</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The election of Directors of the Company is determined under the Company&#8217;s Articles of Association. At every annual meeting three or four directors out of all directors presiding, shall be replaced
        or re-elected to office. Form of the&#160; declaration of these officers pursuant to Section 224B can be&#160; found on the Company's website <u>www.ituran.com</u>.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Shareholders are being asked to elect the following persons to serve as directors in Class A for additional period until third succeeding Annual meeting thereafter: Messrs. Eyal Sheratzky, Efraim
        Sheratzky<font style="font-weight: bold;">, </font>Tal Sheratzky Jaffa and Yoav Kahane (Director and Independent Director). </div>
      <div style="text-align: justify; line-height: 1.25;"> <br>
      </div>
      <div style="text-indent: 18pt; line-height: 1.25; font-style: italic;"><font style="font-weight: bold; font-style: normal;">Eyal Sheratzky</font><font style="font-style: normal;"> has served as a director of our company since its acquisition from
          Radiran in 1995 and currently serves as a Co-Chief Executive Officer since 2003. Prior to 2003, he served as Vice President of Business Development during the years 1999 through 2002. Mr. Sheratzky also serves as a director of Moked Ituran and
          certain of our others subsidiaries, including Ituran Network. From 1994 to 1999, he served as the Chief Executive Officer of Moked Servises, Information and Investments and as legal advisor to several of our affiliated companies. Mr. Sheratzky is
          the son of Izzy Sheratzky and the brother of Nir and Gil Sheratzky and nephew of Effraim Sheratzky.</font></div>
      <div style="text-align: justify; line-height: 1.25;"> <br>
      </div>
      <div style="text-indent: 18pt; line-height: 1.25; font-style: italic;"><font style="font-weight: bold; font-style: normal;">Efraim Sheratzky</font><font style="font-style: normal;"> was appointed to the board on February 9, 2015 to replace Mr. Amos
          Kurz, as a Class A Diector. Efraim Sheratzky studied insurance in the Israeli Insurance College. Efraim Sheratzky owns together with Yigal Shani, Tzivtit Insurance Agency (1998) Ltd. Efraim Sheratzky served as our director from 1999 and until
          2005. Efraim Sheratzky is the brother of Izzy Sheratzky and the uncle of Eyal, Nir and Gil Sheratzky and father of Ms. Tal Sheratzky-Jaffa.</font></div>
      <div style="text-align: justify; line-height: 1.25;"> <br>
      </div>
      <div style="text-indent: 18pt; line-height: 1.25; font-style: italic;"><font style="font-weight: bold; font-style: normal;">Ms. Tal Sheratzki-Jaffa</font><font style="font-style: normal;"> is the founder and CEO of VC Academy - an accelerator for
          female investors in venture capital funds.&#160; In addition, Ms. Sheratzki-Jaffa teaches economics and business management&#160;in high-school and acts as a member of the school management.&#160;Prior to her current roles, Ms. Sheratzki-Jaffa held various
          positions in Jerusalem&#160;Venture Partners Fund, including as the manager of JVP's Investor Relations department&#160;and as a Vice President of Business&#160;Development at Margalit Startup City, a related company creating centres of excellence for tech
          communities worldwide. Prior to joining JVP, Ms. Sheratzky-Jaffa acted as a Strategy and Development Manager at Reality Investment Funds, Israeli value-add real estate fund.&#160;</font></div>
      <div style="text-indent: 18pt; line-height: 1.25; font-style: italic;"> <br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">4</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25; font-style: normal;">Previously, Ms. Sheratzki-Jaffa was a Partner at the High-Tech and Venture Capital department at Amit, Pollak, Matalon and Co., an&#160;Israeli law firm&#160;and prior to that as an
        associate at the New York offices of the US law firm Akin Gump Strauss Hauer &amp; Feld.&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25; font-style: normal;">Ms. Sheratzki-Jaffa holds an LL.M degree from Columbia University (New York), LL.B from Haifa University and B.A (economics) from Haifa University, and is a member of the Israeli
        Bar Association and the New York State Bar.&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25; font-style: normal;">Ms. Sheratzki-Jaffa is the nephew of Izzy Sheratzki and the cousin of Eyal, Nir and Gil Sheratzki and the daughter of Efraim Sheratzki.&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25;"><font style="font-style: normal;">Ms. Sheratzki &#8211; Jaffa was elected, on December 14, 2022, in annual general shareholders meeting, to serve as director in Class A for additional period until third
          succeeding Annual General meeting, thereafter.</font></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25; font-style: italic;"><font style="font-weight: bold; font-style: normal;">Yoav Kahane </font><font style="font-style: normal;">(Director and an Independent Director, and also a member of audit
          committee and a member of compensation committee) has served as director of our company since 1998. Mr. Kahane is serving as the Chief Executive Officer of Vizo Specs Ltd,a startup company he co-founded that develop a non-invasive technology for
          immediate enhancement of attention and the treatment of ADHD. During 2020 he served as CBO of PrintCB ,developer and manufacturer of advanced copper materials for car electrification. a. During 2006-2014, Mr. Kahane has worked for Enzymotec in
          various managerial positions including Director of Business Development, VP Sales &amp; Marketing, Infant Nutrition Business Unit Manager, Chief Executive Officer and Chairman of Advanced Lipids AB, a joint venture of AAK AB and Enzymotec,
          specializing in nutritional ingredients to the infant nutrition industry. During the years 2004-2005, Mr. Kahane served as Vice President of Sales and Marketing in Elbit Vision Systems Ltd. During the years 2001 and 2002, he served as Manager of
          Business Development in Denver Holdings and Investments Ltd. In 2000, Mr. Kahane established Ituran Florida Corp. and served as its Chief Executive Officer until 2001. Mr. Kahane holds a BA degree in Life Sciences from Tel-Aviv University, a BA
          degree in Insurance and an MBA degree from the University of Haifa. Yoav Kahane is the son of Professor Yehuda Kahane. Mr. Kahane was elected, on December 14, 2022, in annual general shareholders meeting, to serve as an Independent Director in
          Class A for additional period until third succeeding Annual General meeting, thereafter.</font></div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The statements of the above candidates to serve as directors are available at Ituran&#8217;s Israeli offices at 3 Hashikma St. Azour Israel, every business day from 9 a.m. to 5 p.m. (Israeli time),
        following prior coordination at telephone number +972-3-5571314.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">The affirmative vote of the holders of a majority of the voting power represented at the Annual Meeting in person or by proxy and voting thereon is necessary for approval of this proposal.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Board Recommendation</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">The Board of Directors recommends that the shareholders vote &#8220;FOR&#8221; the re-election of the abovementioned persons to the Company&#8217;s board of directors, for additional period until
        third succeeding Annual meeting thereafter.</div>
    </div>
    <br>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">5</font></div>
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div style="text-align: center; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;"> PROPOSAL THREE</div>
      <div style="text-align: center; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">RENEWAL OF THE COMPANY'S COMPENSATION POLICY</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">Background</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">In December 2012, amendment no. 20 to the Israeli Companies Law, 1999 (the&#160;"Companies Law") became effective. Among other things, this
        amendment requires Israeli public companies to set forth their policy regarding their office holders' terms of office, including fixed compensation, target-based incentives, equity awards, severance and other benefits. Future actual terms of office
        of office holders then need to be approved in accordance with this policy.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25;"><font style="font-weight: normal;"><br style="line-height: 1.25;">
        </font> </div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The term &#8220;office holder&#8221; is defined in the Companies Law to mean the chief executive officer, chief business officer, deputy chief
        executive officer, vice chief executive officer, any other person fulfilling such position even if his title is different, as well as a director or a manager directly reporting to the chief executive officer.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25;"><font style="font-weight: normal;"><br style="line-height: 1.25;">
        </font> </div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The Company adopted a compensation policy initially on October 31, 2013.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25;"><font style="font-weight: normal;"><br style="line-height: 1.25;">
        </font> </div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The compensation policy must be approved every three (3) years by the board of directors, after considering the recommendations of the
        compensation committee; and requires the approval of the general meeting of shareholders by a special majority (as set forth herein). Nevertheless, the board of directors may set forth the compensation policy even if the general meeting objects to
        its approval, provided that the compensation committee and the board resolve, based on detailed reasoning and after discussing the policy again, that the approval of the policy notwithstanding the objection of the general meeting is in the best
        interests of the Company.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25;"><font style="font-weight: normal;"><br style="line-height: 1.25;">
        </font> </div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The Compensation Policy coupled with a&#160; series of amendments was re approved by the shareholders during the extraordinary general
        meeting, which was conducted on November 7, 2016 and thereafter re approved ,with some amendments, by the annual general meeting of the&#160; shareholders conducted on December 12<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>,2019 .</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25;"><font style="font-weight: normal;"><br style="line-height: 1.25;">
        </font> </div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The proposed Compensation Policy is exact as the Compensation Policy re- approved on December 22,2022.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25;"><font style="font-weight: normal;"><br style="line-height: 1.25;">
        </font> </div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">Following a meeting of the Company's compensation committee, convened for the purpose of reviewing the Company's Compensation Policy&#160;&#160;
        and after considering the committee's recommendations,&#160; our board of directors approved the renewal of the Company's Compensation Policy and its amendments in the form as can be found on our website&#160;<u>www.ituran.com</u>&#160;(the&#160;compensation
        policy:&#160;"Policy" or&#160;" Compensation Policy").</div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">&#160;</div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The&#160; Policy applies to office holders of the Company (see definition above), who serve as the Company's President, Chief Executive
        Officer(s) ("CEO(s)") and other executives who are deemed office holders of the Company, as well as office holders of the Company's Israeli wholly owned subsidiaries, provided they report to the CEO. The&#160; Policy also applies to directors of the
        Company.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25;"><font style="font-weight: normal;"><br style="line-height: 1.25;">
        </font> </div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The&#160; Policy does not intend to amend any officer's existing terms of office; nor to bestow any officer with a right to receive the
        compensation, or any element thereof set forth therein. The specific terms of office of each officer shall be separately determined in accordance with the relevant provisions of the Companies Law and the regulations promulgated thereunder.</div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">&#160;</div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The Policy is formulated in view of the Company's belief that our business success is the result of the excellence of our human
        resources and their devotion to the achievement of the Company's goals. Therefore, it is aimed at offering officers of the Company with a competitive compensation package that will align their incentives with those of the Company and its
        shareholders, and at motivating them to achieve the goals of the Company, while avoiding undue pressure to take excessive risks. Among other factors, our compensation committee and the board have considered, as required by the Companies Law and
        reflected in Section 2 of the Policy: (a) the advancement of the Company's goals, its business plan and its policy with a long-term view; (b) the creation of appropriate incentives for office holders, considering the company's risk management
        policy; (c) the size of the Company and the nature of its business; (d) with respect to variable components of the terms of office &#8211; the contribution of the office holders to the achievement of the Company's goals and to the maximization of its
        profits, with a long-term view and in accordance with the position of the office holder.</div>
      <font style="font-weight: normal;"> </font>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The Company believes that the Policy incorporates all matters required to be included in a compensation policy as mandated by the
        Companies Law.</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">6</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">The Proposed Resolution</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">It is therefore proposed that the general meeting adopts the following resolution: &#8220;<font style="font-style: italic;">to approve the&#160;
          renewal of Compensation Policy</font>&#8221;.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">Vote Required</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The affirmative vote of the holders of a majority of the voting power represented at the Meeting in person, by written ballot or by
        proxy and voting thereon is necessary for approval of this proposal; provided that: (a) a majority of the shares voted in favor of the resolution at the meeting (abstentions not counted), and such majority shall be consisted from majority of shares
        which are not held by a controlling shareholders or are not shareholders with "personal interest" in approving the compensation policy; or (b) the total number of shares referred to in (a) above which voted against the resolution, does not exceed
        two percent (2%) of the aggregate voting rights in the Company.</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">Board Recommendation</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">The Board of Directors recommends that the shareholders vote &#8220;FOR&#8221; the approval of the Company's Compensation Policy.</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">The complete Compensation Policy is available on Company's website:&#160;<u>www.ituran.com</u></div>
    </div>
    <br>
    <div>
      <div style="text-align: center; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">PROPOSAL FOUR</div>
      <div style="line-height: 1.25; font-weight: bold; text-align: center;">THE ELECTION OF THE SECOND EXTERNAL DIRECTOR OF THE COMPANY FOR </div>
      <div style="text-align: center; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">PERIOD UNTIL THIRD SUCCEEDING ANNUAL MEETING THEREAFTER </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">Background</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">Under the Israeli Companies Law, 1999 (the "Israeli Companies Law"), the board of directors of companies whose shares are publicly
        traded are required to include at least two members who qualify as external directors. External directors are elected for three-year terms. The Israeli Companies&#160; Law provides that a person is not qualified to serve as an external director if
        he/she is a relative of the company's controlling person, or if, at the time of his/her appointment and/or at any time during the two years preceding his or her appointment, that person, a relative, partner or employer of that person, or any entity
        under that person&#8217;s control, has or has had an Affinity (as defined below) to the company, its controlling person or its relative or to any entity that, as of the date of appointment, or at any time during the two years preceding that date, is
        controlled by the company or by its controlling person. "Affinity" means the existence of work relationship, business or professional relationship or control, except if negligible, or a service as an officer of the company. In addition, no person
        may serve as an external director if that person&#8217;s professional activities create, or may create, a conflict of interest with that person&#8217;s responsibilities as a director or otherwise interfere with that person&#8217;s ability to serve as a director;
        and, a person already serving as a director of one company may not be appointed as an external director of another company if at that time a director of such company is serving as an external director of the first company. The Israeli Companies Law
        prohibits external directors from receiving, directly or indirectly, any compensation other than for services as an external director pursuant to the provisions and limitations set forth in the applicable regulations promulgated under the Israeli
        Companies Law, 1999.</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="color: #000000; font-weight: normal; font-style: normal;">7</font></div>
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25; font-weight: normal;">&#160;</div>
      <font style="font-weight: normal;"> </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">A director who qualifies as an external director under Israeli law meets the "independence" requirements set forth under the Nasdaq
        listing rules, including those applicable to members of audit and compensation committees of the board.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25"><font style="font-weight: normal;">&#160;</font></div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The Israeli Companies Law provides that each committee of the board of directors that is vested with an authority of the board must
        include at least one external director, except that the audit committee and compensation committee must include all external directors then serving on the board of directors.</div>
      <font style="font-weight: normal;"><br>
      </font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">External directors may generally be removed from office by the same majority of shareholders required for their election or by a court,
        in each case, only under limited circumstances, including if they cease to meet the statutory qualification for their appointment or violate the duty of loyalty to the company.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25"><font style="font-weight: normal;">&#160;</font></div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">One of our External Directors. Mr .Gideon Kotler, passed away in year 2025 and we took the time to find a female to be appointed as the
        second External Director.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25"><font style="font-weight: normal;">&#160;</font></div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;"><font style="font-style: italic; font-weight: normal;">Mrs.</font><font style="font-weight: normal;"> Riki Segev served from 1995-2019 as
          chief officer of client's service at our company. Since 2020 she acts as independent consultant to various clients on clients' service and internal management .Ms. Segev has B.A. from the Hebrew University in Jerusalem (Sociology, geography and
          anthropology) and M.A. from the College of Management Academic Studies, Rishon LeZion, Israel.</font></div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25; font-weight: normal;">&#160;</div>
      <font style="font-weight: normal;"></font>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25;"><font style="font-weight: normal;">The board of directors decided to propose&#160; &#160; Ms.Riki Segev &#160;candidacy for the&#160; appointment as an external director in the
          light of her experience&#160; and her&#160; expertise.</font></div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25"><font style="font-weight: normal;">&#160;</font></div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">Under Israeli Companies Law and regulations promulgated thereunder, (i) an external director must have either "accounting and financial
        expertise" or "professional qualifications" (as such terms are defined in regulations promulgated under the Israeli Companies Law) and (ii) at least one of the external directors must have "accounting and financial expertise".&#160; The Board of
        Directors of the Company has determined that Mrs. Riki Segev has "professional qualifications". In addition, the Board of Directors has determined that Mrs. Riki Segev qualifies as an independent director under the SEC and NASDAQ rules.</div>
      <font style="font-weight: normal;"> </font>
      <div style="line-height: 1.25"><font style="font-weight: normal;">&#160;</font></div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">Mrs. Riki Segev declaration of External Director is available at Ituran&#8217;s Israeli offices at 3 Hashikma St. Azour Israel, every
        business day from 9 a.m. to 5 p.m. (Israeli time), following prior coordination at telephone number +972-3-5571314.&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">Proposal</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">Shareholders are being asked to approve the election of Mrs.Riki Segev&#160; as an external-director of the Company for&#160; three-year term,
        which will commence on December 16, 2025.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">Vote Required</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: normal;">The affirmative vote of the holders of a majority of the voting power represented at the Meeting in person, by written ballot or by
        proxy and voting thereon is necessary for approval of the proposal provided that: (a) such majority includes at least a majority of the shares held by all non-controlling shareholders or those having a personal interest in the appointment, except a
        personal interest which is not resulting from connections with controlling shareholders, present and voting at such meeting; or (b) the total number of shares voted against the election of the external director and held by shareholders other than
        controlling shareholders or those having a personal interest in the appointment, except a personal interest which is not resulting from connections with controlling shareholders, must not exceed 2% of the shares whose holders are entitled to vote
        at any meeting of shareholders.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">Board Recommendation</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; margin-right: 0.1pt; margin-left: 0.1pt; line-height: 1.25; font-weight: bold;">The Board of Directors recommends the election of Mrs.&#160; Riki Segev&#160; to the Company&#8217;s board of directors as External Director, for a
        period of three years.</div>
      <div style="line-height: 1.25;">&#160;
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zd795d469196d4ce6819e2043e8887475">

            <tr>
              <td style="width: 50.00%;"><br>
              </td>
              <td style="width: 50.00%;">
                <div>Sincerely yours,</div>
                <div> <br>
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                <div>Ituran Location and Control Ltd. </div>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit_99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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      <div style="text-align: center; margin-right: 64.3pt; margin-left: 64.3pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">ITURAN LOCATION AND CONTROL LTD.</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
      <div style="text-align: center; margin-right: 64.3pt; margin-left: 64.3pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">FORM OF PROXY</div>
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      <div style="text-align: center; margin-right: 64.3pt; margin-left: 64.3pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</div>
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      <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">For use by shareholders of the Company at the Annual General Meeting of the Shareholders to be held on December 16, 2025,
        at 9:00 a.m. US Eastern time at the Company&#8217;s&#160; USA offices at&#160; 1700 NW&#160; 64th St.&#160; Suite&#160; 100, Fort Lauderdale, FL 33309 USA.</div>
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      <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">(Please use BLOCK CAPITALS)</div>
      <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">Shareholder Name: ___________________</div>
      <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">Social Security/ID No.: ______________________</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
      <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">For shareholders that are corporations:</div>
      <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">Corporation No.: _____________________</div>
      <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">Country of Incorporation: ___________________</div>
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      <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">I being a shareholder of lturan Location and Control Ltd. (the <font style="font-weight: bold;">"Company"</font>), hereby constitutes and
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    <div style="text-align: center; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">(Continued and to be signed on the reverse side)</div>
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    <div> <font style="font-family: 'Times New Roman';"><br>
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        <div style="text-align: center; margin-right: 57.65pt; margin-left: 58.65pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">ANNUAL GENERAL MEETING OF SHAREHOLDERS OF</div>
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        <div style="text-align: center; margin-right: 57.65pt; margin-left: 58.65pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-size: 16pt; font-weight: bold;">ITURAN LOCATION AND CONTROL LTD.</div>
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        <div style="text-align: center; margin-right: 57.65pt; margin-left: 58.6pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">December 16, 2025</div>
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        <div style="text-align: center; text-indent: -0.05pt; margin-right: 177.55pt; margin-left: 178.65pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">Please sign, date and mail </div>
        <div style="text-align: center; text-indent: -0.05pt; margin-right: 177.55pt; margin-left: 178.65pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">your proxy card in the </div>
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          as possible.</div>
        <div style="text-align: center; margin-right: 57.65pt; margin-left: 57.5pt; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';"><img src="image00004.jpg">Please detach along perforated line and mail in the envelope
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        <div style="line-height: 1.25; font-family: 'Times New Roman';">&#160;</div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
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            THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE &#9746;</font></div>
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              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 3%;">&#160;</td>
              <td rowspan="1" style="width: 10%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 7%; text-align: center;">FOR</td>
              <td rowspan="1" style="width: 7%; text-align: center;">AGAINST</td>
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              <td style="width: 2%;">
                <div>&#160;</div>
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                <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; text-align: justify;">THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF THE CORPORATION. AUTHORITY TO VOTE FOR THE ELECTION OF ANY OF THE
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              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
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              <td style="width: 2%;">
                <div>&#160;</div>
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              <td style="width: 2%; text-align: left; vertical-align: top;">1.<br>
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                <div style="color: rgb(35, 31, 32); text-align: justify;">To appoint Fahn Kanne &amp; co. as the Company&#8217;s independent auditors for the fiscal year 2025 and until the close of the next Shareholders' Annual General Meeting.</div>
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              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
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              <td style="width: 2%;">
                <div>&#160;</div>
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              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
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              <td style="width: 2%;">
                <div>&#160;</div>
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              <td style="width: 2%;"><br>
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              <td style="width: 7%;"><br>
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              <td style="width: 7%;"><br>
              </td>
              <td style="width: 7%;"><br>
              </td>
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              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;"><br>
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              <td style="width: 3%;"><br>
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              <td style="width: 10%;"><br>
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              <td style="width: 5.00%;"><br>
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              <td style="width: 5.00%;"><br>
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              <td style="width: 5.00%;"><br>
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              <td style="width: 2%;">
                <div>&#160;</div>
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              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
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                <div>&#160;</div>
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              <td style="width: 2%; text-align: left; vertical-align: top;">2.<br>
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                <div style="color: rgb(35, 31, 32); text-align: justify;">To elect the following persons to serve as directors in Class A for additional period until third succeeding Annual General Meeting thereafter.</div>
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                  <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32);">If this proxy is signed and returned, it will be voted in accordance with your instructions. If you do not specify how the proxy should be voted, it will be
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              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
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              <td style="width: 2%;">
                <div>&#160;</div>
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              <td style="width: 2%;"><br>
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              <td style="width: 7%;"><br>
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              <td style="width: 7%;"><br>
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              <td style="width: 7%;"><br>
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              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
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                <div>&#160;</div>
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              <td style="width: 3%;">2.1.<br>
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                <div style="color: rgb(35, 31, 32);">Eyal Sheratzky</div>
              </td>
              <td style="width: 5.00%;"><br>
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              <td style="width: 5.00%;"><br>
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              <td style="width: 5.00%;"><br>
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              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
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              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;"><br>
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              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;"><br>
              </td>
              <td style="width: 3%;"><br>
              </td>
              <td style="width: 10%;"><br>
              </td>
              <td style="width: 5.00%;"><br>
              </td>
              <td style="width: 5.00%;"><br>
              </td>
              <td style="width: 5.00%;"><br>
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              <td style="width: 7%;"><br>
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              <td style="width: 7%;"><br>
              </td>
              <td style="width: 7%;"><br>
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              <td style="width: 2%;">
                <div>&#160;</div>
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              <td style="width: 5%;">
                <div style="text-align: left; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">Notes:</div>
              </td>
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                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;"><br>
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              <td style="width: 3%;">2.2.<br>
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                <div style="color: rgb(35, 31, 32);">Efraim Sheratzky</div>
              </td>
              <td style="width: 5.00%;"><br>
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              <td style="width: 5.00%;"><br>
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              <td style="width: 5.00%;"><br>
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              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
            </tr>
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              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5.00%;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;"><br>
              </td>
              <td style="width: 3%;"><br>
              </td>
              <td style="width: 10%;"><br>
              </td>
              <td style="width: 5.00%;"><br>
              </td>
              <td style="width: 5.00%;"><br>
              </td>
              <td style="width: 5.00%;"><br>
              </td>
              <td style="width: 7%;"><br>
              </td>
              <td style="width: 7%;"><br>
              </td>
              <td style="width: 7%;"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 2%;">
                <div>&#160;</div>
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                <div style="color: rgb(35, 31, 32); text-align: justify;"><font style="font-weight: bold;">1.</font> To be valid, this form of Proxy Card (together with all the required documents as set forth in the Proxy Statement) must be received not
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              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;"><br>
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              <td style="width: 3%;">2.3.<br>
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                <div style="color: rgb(35, 31, 32);">Tal Sheratzky-Jaffa</div>
              </td>
              <td style="width: 5.00%;"><br>
              </td>
              <td style="width: 5.00%;"><br>
              </td>
              <td style="width: 5.00%;"><br>
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              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%;"><br>
              </td>
              <td rowspan="1" style="width: 3%;"><br>
              </td>
              <td rowspan="1" style="width: 10%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
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            <tr>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%;"><br>
              </td>
              <td rowspan="1" style="width: 3%;">2.4.<br>
              </td>
              <td colspan="4" rowspan="1" style="width: 10%;">
                <div style="color: rgb(35, 31, 32);">Yoav Kahane (Director and an Independent Director)</div>
              </td>
              <td rowspan="1" style="width: 7%; text-align: center;">&#9744;</td>
              <td rowspan="1" style="width: 7%; text-align: center;">&#9744;</td>
              <td rowspan="1" style="width: 7%; text-align: center;">&#9744;</td>
            </tr>
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              <td rowspan="1" style="width: 2%;">&#160;</td>
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              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%;"><br>
              </td>
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              </td>
              <td rowspan="1" style="width: 10%;"><br>
              </td>
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              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td colspan="8" rowspan="1">
                <div style="color: rgb(35, 31, 32);"><font style="font-weight: bold;">2. </font>Any alterations to this form must be initialed.</div>
              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%; text-align: left; vertical-align: top;">3.<br>
              </td>
              <td colspan="5" rowspan="3" style="width: 3%; text-align: left; vertical-align: top;">
                <div style="color: rgb(35, 31, 32); text-align: justify;">To approve the renewal of the Compensation Policy of the Company that was approved by the shareholders in the general meeting held on December 14, 2022.</div>
              </td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
              <td style="width: 7%; text-align: center;">&#9744;</td>
            </tr>
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              </td>
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              </td>
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              </td>
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                <div>&#160;</div>
              </td>
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                <div>&#160;</div>
              </td>
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                <div>&#160;</div>
              </td>
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                <div>&#160;</div>
              </td>
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                <div>&#160;</div>
              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%;"><br>
              </td>
              <td style="width: 7%;"><br>
              </td>
              <td style="width: 7%;"><br>
              </td>
              <td style="width: 7%;"><br>
              </td>
            </tr>
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              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td colspan="8" rowspan="2">
                <div style="color: rgb(35, 31, 32);"><font style="font-weight: bold;">3.</font> Completion and return of this Form of Proxy Card will not prevent a member from attending and voting in person at the Meeting.</div>
              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
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              </td>
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              </td>
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              </td>
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              </td>
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              </td>
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              </td>
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              </td>
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              </td>
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                <div>&#160;</div>
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              </td>
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              </td>
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              </td>
              <td style="width: 5.00%;"><br>
              </td>
              <td style="width: 7%; text-align: center;">YES<br>
              </td>
              <td style="width: 7%; text-align: center;">NO<br>
              </td>
              <td style="width: 7%;"><br>
              </td>
            </tr>
            <tr>
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                <div>&#160;</div>
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                <div>&#160;</div>
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                <div>&#160;</div>
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                <div>&#160;</div>
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                <div>&#160;</div>
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              </td>
              <td style="width: 2%;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%; text-align: left; vertical-align: top;">3A.<br>
              </td>
              <td colspan="5" rowspan="1" style="width: 3%;">Do you have a "personal interest" in the approval of the Compensation Policy? *</td>
              <td style="width: 7%; text-align: center; vertical-align: top;">&#9744;</td>
              <td style="width: 7%; text-align: center; vertical-align: top;">&#9744;</td>
              <td style="width: 7%;"><br>
              </td>
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              </td>
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                <div>&#160;</div>
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                <div>&#160;</div>
              </td>
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                <div>&#160;</div>
              </td>
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                <div>&#160;</div>
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                <div>&#160;</div>
              </td>
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                <div>&#160;</div>
              </td>
              <td style="width: 2%; padding-bottom: 2px;">
                <div>&#160;</div>
              </td>
              <td style="width: 2%; padding-bottom: 2px;"><br>
              </td>
              <td colspan="5" rowspan="1" style="width: 3%; text-align: left; vertical-align: top; padding-bottom: 2px;">
                <div style="line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; text-align: justify;">*If you marked "YES" on Item 3A - please explain and provide additional details on the nature of your "personal interest"</div>
              </td>
              <td style="width: 7%; padding-bottom: 2px;"><br>
              </td>
              <td style="width: 7%; padding-bottom: 2px;"><br>
              </td>
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              </td>
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              <td style="width: 2%;">
                <div>&#160;</div>
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                <div>&#160;</div>
              </td>
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                <div>&#160;</div>
              </td>
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              </td>
              <td style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">
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              </td>
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              </td>
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              </td>
              <td colspan="5" rowspan="1" style="width: 3%;">
                <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32); font-family: Arial,sans-serif; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Note: </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Failure to complete Item 3A will render your vote <font style="font-weight: bold;"><u>INVALID</u>&#160;</font>and your vote <font style="font-weight: bold;"><u>wil</u>l <u>not be
                        counted</u>&#160;</font>with respect to the proposed resolution 3.</font></div>
              </td>
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              </td>
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              </td>
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              </td>
            </tr>
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              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 3%;">&#160;</td>
              <td rowspan="1" style="width: 10%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 7%; text-align: center;">FOR</td>
              <td rowspan="1" style="width: 7%; text-align: center;">AGAINST</td>
              <td rowspan="1" style="width: 7%; text-align: center;">ABSTAIN</td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%; text-align: left; vertical-align: top;">4.<br>
              </td>
              <td colspan="5" rowspan="1" style="width: 3%; text-align: left; vertical-align: top;">
                <div style="color: rgb(35, 31, 32); text-align: justify;">To elect Mrs. Riki Segev, an external director of the Company, to office for a term of three years, which will commence on December 16, 2025.</div>
              </td>
              <td rowspan="1" style="width: 7%; text-align: center; vertical-align: top;">&#9744;</td>
              <td rowspan="1" style="width: 7%; text-align: center; vertical-align: top;">&#9744;</td>
              <td rowspan="1" style="width: 7%; text-align: center; vertical-align: top;">&#9744;</td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
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              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 3%;">&#160;</td>
              <td rowspan="1" style="width: 10%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 7%; text-align: center;">YES</td>
              <td rowspan="1" style="width: 7%; text-align: center;">NO</td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%; text-align: left; vertical-align: top;">4A.<br>
              </td>
              <td colspan="5" rowspan="1" style="width: 3%; text-align: justify;">Are you a "controlling shareholder" of the Company or do you have "personal interest" in the appointment only due to your relations with the "controlling shareholder"? *</td>
              <td rowspan="1" style="width: 7%; text-align: center; vertical-align: top;">&#9744;</td>
              <td rowspan="1" style="width: 7%; text-align: center; vertical-align: top;">&#9744;</td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 3%;">&#160;</td>
              <td rowspan="1" style="width: 10%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5.00%;">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td colspan="5" rowspan="1" style="width: 3%;">
                <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman'; font-weight: bold;">It is unlikely that you are a controlling shareholder or that you have a "personal interest" in the appointment
                  only due to your relations with the "controlling shareholder" and therefore you probably need to check "NO" in the box.</div>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
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              <td rowspan="1" style="width: 2%; padding-bottom: 2px;">&#160;</td>
              <td rowspan="1" style="width: 2%; padding-bottom: 2px;">&#160;</td>
              <td rowspan="1" style="width: 3%; padding-bottom: 2px;">&#160;</td>
              <td rowspan="1" style="width: 10%; padding-bottom: 2px;">&#160;</td>
              <td rowspan="1" style="width: 5%; padding-bottom: 2px;">&#160;</td>
              <td rowspan="1" style="width: 5%; padding-bottom: 2px;">&#160;</td>
              <td rowspan="1" style="width: 5%; padding-bottom: 2px;">&#160;</td>
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                <div style="text-align: justify; line-height: 1.25; color: rgb(35, 31, 32); font-family: 'Times New Roman';">To change the address on your account, please check the box at right and indicate your new address in the address space above.
                  Please note that changes to the registered name(s) on the account may not be submitted via this method.</div>
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              <td rowspan="1" style="width: 2%;">&#160;</td>
              <td rowspan="1" style="width: 2%;">&#160;</td>
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              <td rowspan="1" style="width: 7%;"><br>
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              <td rowspan="1" style="width: 2%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 5%; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 2%; padding-bottom: 2px;">&#160;</td>
              <td rowspan="1" style="width: 2%; padding-bottom: 2px;">&#160;</td>
              <td rowspan="1" style="width: 7%; padding-bottom: 2px;"><br>
              </td>
              <td rowspan="1" style="width: 7%; padding-bottom: 2px;"><br>
              </td>
              <td rowspan="1" style="width: 7%; padding-bottom: 2px;"><br>
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              <td rowspan="1" style="width: 5.00%;"><br>
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              </td>
              <td rowspan="1" style="width: 5%; border-top: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 5%; border-top: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 5%; border-top: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 5%; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5%; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 2%; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 2%;"><br>
              </td>
              <td rowspan="1" style="width: 3%;"><br>
              </td>
              <td rowspan="1" style="width: 10%;"><br>
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              </td>
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              </td>
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              </td>
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            <tr>
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              </td>
              <td rowspan="1" style="width: 5%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 5%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 5%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
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              <td rowspan="1" style="width: 5%; padding-bottom: 2px; text-align: center; vertical-align: bottom;">Date:<br>
              </td>
              <td rowspan="1" style="width: 5%; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 2%; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"><br>
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              </td>
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              <td rowspan="1" style="width: 5%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
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              <td rowspan="1" style="width: 5%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td rowspan="1" style="width: 7%; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"><br>
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              <td rowspan="1" style="width: 5%; padding-bottom: 2px; text-align: center;">Date:</td>
              <td rowspan="1" style="width: 9%; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"><br>
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              <td rowspan="1" style="width: 2%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5%;"><br>
              </td>
              <td rowspan="1" style="width: 2%;"><br>
              </td>
              <td rowspan="1" style="width: 2%;"><br>
              </td>
              <td rowspan="1" style="width: 3%;"><br>
              </td>
              <td rowspan="1" style="width: 10%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 5.00%;"><br>
              </td>
              <td rowspan="1" style="width: 7%;"><br>
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              <td rowspan="1" style="width: 9%;"><br>
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