Migdal Insur.

Legal Proceedings Report • Oct 20, 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)

Transmitted via MAGNA: 20/10/2025

Israel Securities Authority Website: www.isa.gov.il Tel Aviv Stock Exchange Website: www.tase.co.il

Reference: 2025-01-077271

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:

filed Request for withdrawal from a class action proceeding against Migdal Makefet Pension Funds and Provident Funds Ltd., a subsidiary of the corporation.
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.

In continuation to what is stated in Note 13(1)(b)(21) to the company's financial statements as of June 30, 2025, which were 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 (hereinafter: "the approval request"), which was filed against the subsidiary, Migdal Makefet Pension Funds and Provident Funds Ltd. (hereinafter: "the defendant"), alleging that the defendant customarily has some of its members, upon joining the pension funds it manages, pre-sign an extension of the period for maintaining insurance coverage beyond a period of 5 months and up to a period not exceeding 24 months, allegedly not in accordance with the arrangement set forth in the provisions of the law; the company respectfully reports that on October 5, 2025, the plaintiff submitted to the Regional Labor Court a request to withdraw from the approval request.

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: 19/10/2025 at 14:40

Details of the authorized signatories on behalf of the corporation:

#	Name	Position
1	Adv. Sarit Perlmutter-Sugarman	Corporate 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.

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

Short name: MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

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.

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: Corporate Secretary

Employer company name: Migdal Insurance Company Ltd.

Address: 4 Afek St., Petah Tikva 4951229

Phone: 076-8868962

Fax:

Email: saritper@migdal.co.il