Migdal Insur.

Major Shareholding Notification • Oct 19, 2025

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: T076 (Public) Sent via MAGNA: 19/10/2025 Israel Securities Authority: www.isa.gov.il Tel Aviv Stock

Exchange: www.tase.co.il Reference: 2025-01-077098

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended for reporting changes in holdings of securities of the reporting corporation only. For reporting changes in holdings of securities of a subsidiary of the reporting corporation, if its activity is material to the activity of the reporting corporation, use Form T121.

1

Name of corporation/Last name and first name of holder: David Gilad

Type of identification number: ID number

Holder's identification number: 021390406

Type of holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or representative to the company's board?

Is the holder acting as a representative for the purpose of reporting several shareholders holding securities of the corporation together with him? No

Name of controlling shareholder in the interested party:

Identification number of controlling shareholder in the interested party:

Citizenship/Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship/incorporation or registration:

Security number on the stock exchange: 1197730

Name and type of security: Warrants for senior officers in the company and its subsidiaries

Nature of change: Decrease In convertible securities due to their conversion to shares or their redemption

Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction

Date of change: 12/10/2025

Transaction rate: 0 Currency: agorot

Are these dormant shares or securities convertible to dormant shares: No

Balance (in number of securities) in the last report: 563,738 Holding percentage of total securities of the same type in the last report: 6.01%

Change in number of securities: -375,825

Current balance (in number of securities): 187,913 Current holding percentage of total securities of the same type: 2%

Holding percentage after the change: In capital: 0% In voting rights: 0%

Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0% In voting

rights: 0%

Note number: 1

2

Name of corporation/Last name and first name of holder: David Gilad

Type of identification number: ID number

Holder's identification number: 021390406

Type of holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings

Does the hedge fund have the right to appoint a director or representative to the company's board?

Is the holder acting as a representative for the purpose of reporting several shareholders holding securities of the corporation together with him? No

Name of controlling shareholder in the interested party:

Identification number of controlling shareholder in the interested party:

Citizenship/Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship/incorporation or registration:

Security number on the stock exchange: 1081165

Name and type of security: Ordinary share 0.01

Nature of change: Increase In shares due to conversion of securities

Is this a change in a single transaction or multiple transactions (cumulative

change): Single transaction

Date of change: 12/10/2025

Transaction rate: 0 Currency: agorot

Are these dormant shares or securities convertible to dormant shares: No

Balance (in number of securities) in the last report: 0 Holding percentage of total securities of the same type in the last report: 0%

Change in number of securities: +168,890

Current balance (in number of securities): 168,890 Current holding percentage of total securities of the same type: 0.02%

Holding percentage after the change: In capital: 0.02% In voting rights: 0.02%

Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: 0.03% In

voting rights: 0.03%

Note number: 1

Note: If the value 'increase due to forced purchase of loaned securities' or 'decrease due to forced sale of loaned securities' is selected, then loaned securities not returned to the lender, and thus the lending action became a forced purchase and the lending action a forced sale.

No.	Note
1	Mr. David Gilad serves as the company's Chief Risk Officer.

1. Was the entire consideration paid at the time of the change? Yes

If not all the consideration was paid at the time of the change, please specify the date of completion of the payment:

1. If the change is by way of signing a loan agreement, please specify details regarding the manner of ending the loan:

Explanation: The holding percentages should be stated taking into account all securities held by the interested party.

• 1. The date and time the corporation first became aware of the event or matter: 12/10/2025 at 11:45
• 1. Details of the actions that caused the change:

Details of authorized signatories on behalf of the corporation:

	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 shall 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 inclusion by reference):

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

Form structure update date: 04/02/2025

Short name: MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

Address: 4 Efal 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.

Electronic reporter name: Noam Havilich Position: Chief Legal Counsel Employer company

name: MIGDAL INSURANCE COMPANY LTD.

Address: 4 Efal St., Petah Tikva 4951229 Phone: 076-8868101 Fax: Email:

noamhau@migdal.co.il