Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 120

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 11
Chunk 120
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 due to changes in U. S. dollar/NIS currency exchange rates. A certain
portion of our cash and cash equivalents is held in U. S. dollars, and the vast majority of our expenses is denominated in NIS. Changes
of 5% and 10% in the U. S. dollar/NIS exchange rate would increase/decrease our operating expenses for the year ended December 31, 2024
by approximately 1% and 2%, respectively. However, these historical figures may not be indicative of future exposure, as we expect that
the percentage of our NIS denominated expenses will decrease in the near future as our operations expand globally, therefore reducing
our exposure to exchange rate fluctuations. Currently, we do not hedge our foreign currency exchange risk. In the future, we may enter
into formal currency hedging transactions to decrease the risk of financial exposure from fluctuations in the exchange rates of our principal
operating currencies. These measures, however, may not adequately protect us from the material adverse effects of such fluctuations.

During
the year ended December 31, 2024, the exchange rate between the U. S. dollar and the NIS increased by 0.5%. During the year ended December
31, 2023, the exchange rate between the U. S. dollar and the NIS increased by 3%. During the year ended December 31, 2022, the exchange
rate between the U. S. dollar and the NIS decreased by 13.2%.

ITEM 12.
DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES