On January 11, 2024, the Board of Directors (the ?Board?) of Rail Vision Ltd. (the ?Company?) appointed director, Mr. Eli Yoresh, to replace Mr. Mark Cleobury as Chairman of the Board. Mr. Cleobury will continue to serve as a director on the Board. As previously disclosed, as a condition to entering into a facility agreement for a $6 million credit facility, each of Mr. Shmuel Donnerstein, Ms. Inbal Kreiss and Ms. Keren Aslan tendered their resignations in connection with their positions on the Board, and the Board appointed Mr. Amitay Weiss and Ms. Hila Kiron-Revach to the Board, to serve until the Company?s next annual general meeting of shareholders.

Effective upon Ms. Kreiss? resignation, Ms. Kiron-Revach will replace her as a member of the audit committee of the Board (the ?Audit Committee?) and the compensation committee of the Board (the ?Compensation Committee?). Following these changes, each of the Audit Committee and Compensation Committee will consist of Ms. Kiron-Revach, Mr. Oz Adler and Mr. Yossi Daskal.