Israel Discount Bank Ltd.

Capital/Financing Update • Aug 21, 2025

ISRAEL DISCOUNT BANK LTD

ISRAEL DISCOUNT BANK LTD

Registration Number: 520007030

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form T125 (Public) Transmitted via MAGNA: 21/08/2025 Israel Securities Authority Email: www.isa.gov.il Tel Aviv Stock Exchange Email: www.tase.co.il Reference: 2025-01-062601

Immediate Report on Rating of Debentures / Corporate Rating or Termination of Rating

On 21/08/2025, S&P Maalot published: _________

• Rating Report/Notice Updated
• Notice of Termination of Rating
• 1. Rating Report or Notice
• Corporate Rating: S&P Maalot _________ ilAAA _________ negative Notes/Essence of the Notice: Other See note below

Rating History in the 3 Years Prior to the Rating/Notice:

Date	Rated Entity	Rating	Notes/Essence of Notice
29/05/2025	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	confirmation Rating ___
19/05/2025	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	Other See note below
10/02/2025	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	confirmation Rating ___
29/12/2024	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	Other See note below
19/11/2024	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	Other See note below
09/10/2024	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	confirmation Rating ___
03/09/2024	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	Other See note below
18/08/2024	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	Other See note below
02/05/2024	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	confirmation Rating ___
01/02/2024	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	confirmation Rating ___
02/01/2024	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	Other See note below
31/10/2023	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ negative	Outlook/Forecast downgrade ___
12/06/2023	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ stable	Other See note below
22/01/2023	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ stable	confirmation Rating ___
10/11/2022	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ stable	Other See note below

Date	Rated Entity	Rating	Notes/Essence of Notice
02/11/2022	ISRAEL DISCOUNT BANK LTD	S&P Maalot _ ilAAA _ stable	Other Full rating report published

Explanation: In the rating history, only the rating history of the rating company subject to this immediate report should be detailed.

Rating of the corporation's debentures:

Security Name and Type	Security Number	Rating Company	Current Rating	Notes/Essence of Notice
___	___	___	___	___

Rating History in the 3 Years Prior to the Rating/Notice:

Security Name and Type	Security Number	Date	Type of Rated Security	Rating	Notes/Essence of Notice
___	___	___	___	___	___

Explanation: In the rating history, only the rating history of the rating company subject to this immediate report should be detailed.

Attached is the rating report: דוחדירוגמעלות_isa.pdf

1. On _________, _________ announced _________ the termination of rating for: _________

Authorized Signatories on behalf of the corporation:

#	Name	Role
1	Yossi Barsi	Other: Senior Vice President, Chief Accountant
2	Gad Barlev	Other: Investor Relations Manager

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here.

Free Text Section:

S&P Maalot rating as of 21.8.25 – Rating for deferred debentures with a contractual loss absorption mechanism (COCO) to be issued by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank, if issued. S&P Maalot rating as of 19.5.2025 was given in connection with a public offering of bonds (Series 17 by way of expanding a traded series) and commercial papers (Series 6), which was carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank. S&P Maalot rating as of 29.12.24 was given in connection with a public offering of bonds (Series 17 and commercial papers (Series 5), which was carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank. S&P Maalot rating as of 19.11.24 was given in connection with a public offering of deferred debentures (Series 10 by way of expanding a traded series) by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank. The offering was made as part of a partial exchange tender offer, while simultaneously DISCOUNT MANPIKIM LTD purchased deferred debentures from Series 6. S&P Maalot ratings as of 18.8.2024 and 3.9.2024 were given in connection with a public offering of deferred debentures (Series 10), commercial papers (Series 4), and bonds (Series 16 - by way of expanding a series) carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank. S&P Maalot rating as of 2.1.2024 was given in connection with a public offering of bonds (Series 16) and commercial papers (Series 3) carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank. S&P Maalot rating as of 12.6.2023 was given in connection with a public offering of deferred debentures (Series 9) and bonds (Series 15) through series expansions carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank. S&P Maalot rating as of 10.11.2022 was given in connection with a public offering of deferred debentures (Series 9) carried out by DISCOUNT MANPIKIM LTD, a wholly owned subsidiary of the bank.

Reference numbers of previous documents on the subject (the mention does not constitute inclusion by reference):

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange

Form structure update date: 06/08/2024

Short name: ISRAEL DISCOUNT BANK LTD.

Address: Discount 1, Rishon LeZion 7574602 Phone: 03-9439111, Fax: 03-5171674 Email: michal.sd@dbank.co.il

Previous names of the reporting entity:

Electronic reporter name: Tenne Eilat Position: Attorney, General Secretary Employer company name:

Address: Discount 1, Rishon LeZion 7574602 Phone: 076-8058862, Fax: 03-5171674 Email: ayelet.tenne@dbank.co.il