Clal Insurance

Legal Proceedings Report • Nov 3, 2025

CLAL INSURANCE ENTERPRISES HOLDINGS LTD.

Registry Number: 520036120

To:

Israel Securities Authority (www.isa.gov.il)

Tel Aviv Stock Exchange Ltd. (www.tase.co.il)

Form Number: T053 (Public) Filed via Magna: 03/11/2025 Reference: 2025-01-083022

Immediate Report on an Event or Matter Deviating from the Ordinary Business of the Corporation

Regulation 36 to the Securities Regulations (Periodic and Immediate Reports), 1970

The results of an issuance should be reported using T20 and not on this form. Report on BOND or corporate rating should be submitted via form T125.

Report on:

[ ] Delayed report submitted

Nature of the Event:

Agreed motion to withdraw from a class action against Clal Insurance

1. Details:

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 immediate report of the company dated May 16, 2024 (reference number: 2024-01-047800), as well as pursuant to Notes 41 (Section 2.1.1(30)) and 9 (Section 2.1.2(24)) in the company's financial statements for 2024 and as of June 30, 2025, concerning a claim and petition for recognition as a class action (hereinafter: "the claim") filed against Clal Insurance Company Ltd. (hereinafter: "Clal Insurance"), a subsidiary of the company, mainly on the allegation that Clal Insurance offered holders in "Hasneh" policies who retired a pension payment option different from that to which they were entitled under the terms of the policy, thereby reducing the pension amount received by policyholders, the company respectfully announces as follows:

On November 2, 2025, an agreed motion to withdraw from the claim against Clal Insurance was submitted to court. As part of the withdrawal motion, it was agreed that the parties would submit their arguments separately regarding expenses, compensation, and legal fees. The withdrawal motion is subject to the court's approval, which is not certain to be granted.

• 1. Date and time on which the corporation first learned of the event or matter: November 2, 2025, in the afternoon.
• 1. If the report was delayed the reason for the delay:

	4. On the date and at the time:, the impediment to reporting was removed.
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1. The company is a shell company as defined in the TASE regulations.

Details of the authorized signatories on behalf of the corporation:

No.	Signatory Name	Position
1	Adv. Dror Biran	Legal Counsel

Explanation: According to Regulation 5 of the (1970) Periodic and Immediate Reports Regulations, ^a report submitted in accordance with these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff position on this can be found on the authority's website: Click here

Previous document reference numbers on this matter (inclusion does not constitute incorporation by reference):

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.

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

Short Name: Clal Business Insurance

Address: 36 Raul Wallenberg St., Tel Aviv, P.O. Box 37070, 6136902

Phone: 03-6387575, 03-6387577

Fax: 03-6397011

Email: ClalMishpatit@clal-ins.co.il

Electronic Reporter Information:

Name	Position	Employer	Contact Details
Barkan	Company	Clal Insurance	36 Raul Wallenberg St., Tel Aviv P.O. Box 37070, 6136902; Tel: 077-
Stern, Adi	Secretary	Company Ltd.	6387634; Fax: 03-7965879; Email: AdiBark@clal-ins.co.il

Last form structure update: 06/08/2024

Previous company names: