Migdal Insur.

Legal Proceedings Report • Oct 19, 2025

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.
Registration Number: 520029984
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T121 (Public) www.isa.gov.il Transmitted via MAGNA: 19/10/2025 Israel Securities Authority Website: Tel Aviv Stock Exchange Website: www.tase.co.il Reference: 2025-01-076516
Immediate Report for General Material Information
Explanation: Do not use this form when there is a form tailored to the reported event.
This reporting form is intended for material reports for which there is no suitable dedicated form.
Results of an issuance should be reported in T20 and not in this form.
Reporting on bond ratings or corporate ratings should be submitted using form T125.
Nature of the Event:
Submission of a withdrawal in a claim for approval by the Regional Labor Court arrangement
Reference numbers of previous reports on the subject: , ,

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Further to the provisions of Note 13(1)(b)(13) to the company's financial statements as of June 30, 2025, published on August 21, 2025 (Reference No.: 2025-01-062168; this information is incorporated by reference), regarding a claim and a request for its approval as a class action, which was filed against the subsidiary, Migdal Insurance Company Ltd., and the sub-subsidiary, Migdal Makefet Pension Funds and Provident Funds Ltd., alleging that the indexation mechanism in CPI-linked loans does not entitle borrowers to the difference resulting from a decrease in the Consumer Price Index below the base index, the company hereby reports that on October 16, 2025, a withdrawal arrangement was submitted for approval by the Regional Labor Court, which includes payment of a reward and attorney's fees in amounts that are not material.

file: Attached
defined The company is not a shell company as in the Stock Exchange regulations.
first The date the corporation became aware of the event: 16/10/2025 at 15:20

Details of the authorized signatories on behalf of the corporation:

No.	Name of Signatory	Position
1	Adv. Sarit Perlmutter-Sugarman	Company Secretary

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. The staff's position on the matter can be found on the Authority's website: Click here.

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

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

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Short name: MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

Address: 4 Afek St., Petah Tikva 4951229 Phone: 076-8868962, 076-8868959 Fax: 03-

9238988 Email: migdalhold@migdal.co.il Company website: www.migdal.co.il

Previous names of the reporting entity: MIGDAL INSURANCE HOLDINGS LTD.

Name of electronic reporter: Perlmutter-Sugarman Sarit Position: Company Secretary Employer company name: Migdal Insurance Company Ltd.

Address: 4 Afek St., Petah Tikva 4951229 Phone: 076-8868962 Fax: Email: saritper@migdal.co.il