Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 244

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 244
---
 respect to our ordinary
shares or the proceeds from the sale of the shares, except for the obligation of Israeli residents to file reports with the Bank of Israel
regarding some transactions. However, legislation remains in effect under which currency controls can be imposed by administrative action
at any time.

  E. Taxation  

Israel Income Tax Consequences

This section discusses the material Israeli income tax consequences
concerning the ownership and disposition of our ordinary shares by our non-Israeli shareholders. This summary does not discuss all the
aspects of Israeli tax law that may be relevant to a particular investor in light of his or her personal investment circumstances or to
some types of investors subject to special treatment under Israeli law. Examples of such investors include traders in securities who are
subject to special tax regimes not covered in this discussion. Because parts of this discussion are based on new tax legislation that
has not yet been subject to judicial or administrative interpretation, we cannot assure you that the appropriate tax authorities or the
courts will accept the views expressed in this discussion. The discussion below is subject to change, including due to amendments under
Israeli law or changes to the applicable judicial or administrative interpretations of Israeli law, which change could affect the tax
consequences described below.

Taxation of Our Non-Israeli Shareholders

Capital Gains Taxes Applicable
to Non-Israeli Resident Shareholders. A non-Israeli resident (whether individual or corporation) who derives capital gains from
the sale of shares in an Israeli resident company that were purchased after the company was listed for trading on a stock exchange outside
of Israel should generally be exempt from Israeli tax so long as the shares were not held through a permanent establishment that the non-resident
maintains in Israel and that such shareholder is not subject to the Israeli Income Tax Law (Inflationary Adjustments) 5745-1985. However,
non-Israeli corporations will not be entitled to the foregoing exemption if Israeli residents: (i) have a controlling interest of
more than 25% in such non-Israeli corporation or (ii) are the beneficiaries of, or are entitled to, 25% or more of the revenues or
profits of such non-Israeli corporation, whether directly or indirectly. Additionally, such exemption is not applicable to a person whose
gains from selling or otherwise disposing of the shares are deemed to be business income.

If not exempt, a non-Israeli resident shareholder would generally
be subject to tax on capital gain at the ordinary corporate tax rate (23%