Kenon (KEN) 6-KReport of the Board of Directors regarding the Company’s Matters

This Report on Form 6-K, including the exhibits hereto, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements with respect to OPC’s business strategy, OPC’s and CPV’s construction and development projects and tenders, including expected start of construction and completion date, estimated investment in projects, and characteristics (e.g., capacity and technology) and stage of development of such projects, including expected commercial operation date (“COD”), estimated construction cost, expected competitive advantage, the description of projects in various stages of development, carbon capture projects, and statements relating to expectations about these projects, including with respect to projects in Israel and the U.S., the investment agreement with a U.S. private equity fund for an investment in CPV Renewables including the terms and expected timing of completion of the investment and related statements about the agreement and investment, the agreement by CPV Group to acquire additional holdings in the Shore and Maryland power plants, including the expected investment amount and expected timing of completion of the transactions, the expected impact on CPV Group’s results of the availability prices in the PJM published in July 2024 and expected timing of next availability tenders, refinancing agreements of CPV Group projects, expectations with respect to interest rates, the war in Israel and potential impact on OPC, the supply license awarded to OPC-Rotem and related statements, the Electricity Authority decision with respect to smart meters, electricity and natural gas prices including forecasted prices and electricity margin, capacity payments and revenues, the NYISO and ISO-NE markets capacity payments and availability prices, carbon emissions tax, provisions of financing agreements including cash sweep mechanisms, gas supply agreements, and statements with respect to industry and potential regulatory developments in Israel and the U.S., including the Clean Air Act electricity tariffs and guaranteed payments in the U.S., the impact of seasonality and seasonal tariffs, the Electricity Authority tariffs, including the expected impact of the tariffs implemented in 2024 on OPC’s profits, and other non-historical statements. These statements are based on OPC management’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties which could cause the actual results to differ materially from those indicated in such forward-looking statements. Such risks include risks relating to potential failure to obtain regulatory or other approvals for projects or to meet the required conditions and milestones for development of its projects, the risk that OPC (including CPV) may fail to develop or complete projects or any other planned transactions, as planned (including as to the actual cost and characteristics of projects and other transactions) or at all, the risk that development projects do not proceed to construction, risks relating to new and existing regulations and license requirements and regulatory decisions, risks relating to tariffs and gas prices and hedging and the impact on OPC’s results, risks relating to electricity prices in the U.S. where CPV operates and the impact of hedging arrangements of CPV, and other risks and factors, including those risks set forth under the heading “Risk Factors” in Kenon’s most recent Annual Report on Form 20-F filed with the SEC and other filings. Except as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.