Migdal Insur.

Legal Proceedings Report • Oct 21, 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) Sent via MAGNA: 21/10/2025 www.isa.gov.il Israel Securities Authority Website: Tel Aviv Stock Exchange Website: www.tase.co.il Reference: 2025-01-078242
Immediate Report for General Material Information
specific Explanation: Do not use this form when there is a form adapted for 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: Rejection by the National Labor of the plaintiff's for leave appeal Court request to
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)(12) 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 request for approval of a class action against the subsidiary, Migdal Insurance Company Ltd., alleging the collection of insurance coverages (life insurance (death risk) and loss of working capacity insurance) from deposits, instead of depositing for savings in policies issued in certain years, not in accordance with the law (hereinafter: "the approval request"); the decision of the Regional Labor Court to partially accept the approval request; and the request for leave to appeal submitted regarding the Regional Labor Court's decision to reject the plaintiff's claim regarding the purchase of death risk insurance coverage from the employee's deposits; the company hereby updates that on October 16, 2025, the National Labor Court rejected the plaintiff's request for leave to appeal as stated.

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: 20/10/2025 at 14:20

Details of the authorized signatories on behalf of the corporation:

No.	Name of Signatory	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

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