Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 256

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 256
---
, and whether making the election would be advisable in their particular circumstances.

In certain circumstances, a U. S. equity holder in a PFIC may avoid
the adverse tax and interest-charge regime described above by making a “qualified electing fund” election to include in income
its share of the corporation’s income on a current basis. However, a U. S. Holder may make a qualified electing fund election with
respect to the ordinary shares only if we agree to furnish the Holder annually with a PFIC annual information statement as specified in
the applicable Treasury regulations.

We do not intend to provide the information necessary for U. S.
Holders to make qualified electing fund elections if we are classified as a PFIC. U. S. Holders are encouraged to consult their tax advisors
to determine whether any of these elections would be available and if so, what the consequences of the alternative treatments would be
in their particular circumstances.

If we are determined to be a PFIC for any year in which a U. S.
Holder holds our ordinary shares, the general tax treatment for the U. S. Holder described in this paragraph would apply to indirect distributions
and gains deemed to be realized by the U. S. Holders in respect of any of our subsidiaries that also may be determined to be PFICs.

If a U. S. Holder owns ordinary shares during any year in which
we are a PFIC and the U. S. Holder recognizes gain on a disposition of our ordinary shares or receives distributions with respect to our
ordinary shares, the U. S. Holder generally will be required to file an IRS Form 8621 with respect to the company, generally with the U. S.
Holder’s federal income tax return for that year. If our company were a PFIC for a given taxable year, then you are encouraged to
consult your tax advisor concerning your annual filing requirements.

U. S. Holders are strongly encouraged to consult
their tax advisors regarding the consequences of our classification as a PFIC for our 2024 taxable year, our potential classification
as a PFIC in 2025 and future taxable years, and the application of the PFIC rules on their investment.

108

Backup Withholding Tax and Information Reporting
Requirements

United States backup withholding tax and information reporting
requirements may apply to certain payments to certain holders of stock. Information reporting generally will apply to payments of dividends
on, and to proceeds from the sale or redemption of, our ordinary shares made within the United