On a corporate action affecting ordinary shares of IAC Inc. (IAC)

On January 13, 2025, IAC Inc. approved a plan to spin off Angi Inc., resulting in IAC Inc. and Angi Inc. becoming wholly separate entities. IAC, Inc. stockholders will receive approximately 0.5178 shares of Angi Inc. for each share of IAC, Inc. that they own. Transaction is expected to close prior to the market open on April 1, 2025. For more details, please, refer to the company’s website.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.