Meitav Investment House Ltd.

Investor Presentation • Dec 1, 2025

Investors Presentation

December 2025

Disclaimer

This presentation and the information contained herein (together, the "Presentation") are strictly confidential and are provided to you on the condition that you agree to hold it in strict confidence and not photocopy, disseminate, reproduce, disclose, divulge, forward, or distribute them directly or indirectly in whole or in part, by any medium or in any form to any other person or entity without the prior written consent of Meitav Investment House Ltd. (the "Company"), except to the recipient's officers, directors, employees, and agents for use in connection with such evaluation, as required by applicable law or regulation, as requested by regulatory authorities, or with the consent of the Company, provided, however, that the foregoing restrictions shall not apply to information that is or becomes generally available to the public (other than as a result of a disclosure in violation of such foregoing restrictions) or that is or becomes available to the recipient on a non-confidential basis from a source other than the Company that, to the recipient's knowledge (after reasonable inquiry), is not prohibited from disclosing the information to the recipient. This Presentation is intended for the recipient hereof and is for informational purposes only. By accepting this Presentation, each recipient expressly agrees to treat this Presentation and the information contained herein or accompanying it in a confidential manner and in accordance with its compliance policies, contractual obligations, and applicable law, including federal and state securities laws and the Israeli Securities Law of 1968 (the "Israeli Securities Law"). Upon request, the recipient agrees to promptly return all materials received from the Company (including this Presentation) without retaining any copies thereof. Each recipient further agrees that the foregoing obligations shall apply to all other written or oral communications transmitted to the recipient by or on behalf of the Company. You shall ensure that any person to whom you disclose any of this information complies with this paragraph.

The securities offered pursuant to the preliminary offering memorandum have not been registered under the Securities Act or any state securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of U.S. persons, unless an exemption from the registration requirements of the Securities Act is available or they are otherwise sold pursuant to an effective registration statement filed with the Securities and Exchange Commission. This Presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offer or sale of such securities will only be made (i) within the United States, or to or for the account or benefit of U.S. persons, only to qualified institutional buyers ("QIBs") and (ii) outside the United States in offshore transactions in accordance with Regulation S, and in the case of each of (i) and (ii) above, outside of Israel to investors who are either (1) entities with equity exceeding NIS 50,000,000 or an equivalent amount in another currency, based on the latest financial statements; or (2) entities that together with any entity controlling, controlled or under common control with such entity, in the aggregate, (y) have assets under management in an aggregate amount exceeding NIS 100,000,000 or an equivalent amount in another currency provided that the Shares purchased in the Offering would be purchased for the assets under management; and/or (z) own and invest on a discretionary basis in securities of issuers that are not affiliated with such entity, in an aggregate amount exceeding NIS 100,000,000 or an equivalent amount in another currency. Inside of Israel, the securities may be offered and sold to certain Israeli "institutional investors" (as such term is defined in Section 1 of the Securities Regulations (The Manner of Offering Securities to the Public), 5767-2007 promulgated under the Israeli Securities Law. Any purchaser of such securities in the United States, or to or for the account of U.S. persons, will be deemed to have made certain representations and acknowledgments, including, without limitation, that the purchaser is a QIB. The Company has prepared a preliminary offering memorandum for the proposed offering to which the information in this Presentation relates. Before you invest, you should read the detailed information in that preliminary offering memorandum for more complete information about the Company and the offering. This Presentation is intended for the recipient hereof and is for informational purposes only. By accepting this Presentation, each recipient expressly agrees to treat this Presentation and the information contained herein or accompanying it in a confidential manner and each recipient shall ensure that any person to whom it discloses any of this information complies with this paragraph. The preliminary offering memorandum modifies and supersedes in its entirety any information in this Presentation or which has otherwise been previously provided. You should rely solely on the information contained in the preliminary offering memorandum to make an investment decision.

The information and opinions contained in this Presentation (including forward-looking statements) are made as of the date identified on the cover page of this Presentation unless otherwise stated herein. They are subject to change without notice and neither the Company nor any other person is under any obligation to update or keep current the information contained in this document and neither the Company nor any other person intends to update or otherwise revise such information or opinions (including any forward-looking statements) to reflect the occurrence of future events or developments even if any of the assumptions, judgments, and estimates on which the information contained herein is based prove to be incorrect, made in error, or become outdated. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of the information or opinions contained herein, and any reliance you place on them will be at your sole risk. The Company, its affiliates, and advisors do not accept any liability whatsoever for any loss howsoever arising, directly or indirectly, from the use of this document or its contents, or otherwise arising in connection with this document.

This Presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company, nor shall there be any sale of securities in any state or other jurisdiction to any person or entity to which it is unlawful to make such offer, solicitation, or sale in such state or jurisdiction.

This Presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law. All statements contained in this Presentation that do not relate to matters of historical fact should be considered forwardlooking statements, including statements relating to: customer rentention; governmental regulations and approvals; general market, political and economic conditions in Israel, including the duration and scope of any reescalation of war in Israel and conflicts in the Middle East, and the potential impact on the Company's operations; cybersecurity risks; changes in macro-economic conditions; differences in anticipated and actual fund performance; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are identified by these terms or expressions. In addition, statements that "we believe" and similar statements reflect management's beliefs and opinions on the relevant subject. These statements are based upon information available to management as of the date of this presentation, and while management believes such information forms a reasonable basis for such statements, such information may be limited or incomplete, and such statements should not be read to indicate that management has conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

Management has based these forward-looking statements largely on their current expectations and projections about future events and financial trends that management believes may affect the Company's business, financial condition, and results of operations. The Company may not actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements, including but not limited to, the risk factors set forth in the preliminary offering memorandum and the documents incorporated by reference therein.

In light of these assumptions, risks, and uncertainties, the results and events discussed in the forward-looking statements contained in this Presentation by reference might not occur. You should review this Presentation completely and with the understanding that the Company's actual future results may be materially different from what management expects and should not place undue reliance on the forward-looking statements, which speak only as of the date of this Presentation. Except as required by applicable law, the Company does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances, or otherwise.

Market data and industry information used throughout this Presentation are based on management's knowledge of the industry and the good faith estimates of management. Management also relied, to the extent available, upon management's review of independent industry surveys and publications and other publicly available information prepared by a number of third-party sources. All of the market data and industry information used in this Presentation involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Although we believe that these sources are reliable, we cannot guarantee the accuracy or completeness of this information, and we have not independently verified this information. While we believe the estimated market position, market opportunity, and market size information included in this Presentation are generally reliable, such information, which is derived in part from management's estimates and beliefs, is inherently uncertain and imprecise. No representations or warranties are made by the Company or any of its affiliates as to the accuracy of any such statements or projections. Projections, assumptions, and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties.

Meitav at a Glance

The Leading Israeli Investment House... ...With Strong Financial Performance

Note: As at 30/09/2025

• 1) Source: Company's reports and publicly available information

• 2) AUM Assets Under Management

• 3) For definition of Adj. EBITDA, see Page 4 of the Board of Director's report for Q3 2025

• 4) Excluding revenue in respect to legal claims

Revenue: Continued Growth Across All Business Segments (in NIS Million)

• Total group revenue: NIS 515 million, reflecting 25% increase compared to the same quarter last year.

AUM: Consistently Positive Net Flows

Total AUM Flows (in NIS billion)

58% of AUM growth attributed to positive net flows from Q1 2021 - Q3 2025

Note: 30/09/2025 % of BoP AUM figures are annualized

Meitav: Asset Allocation as of Q3 2025

Long-Term Savings Mutual Funds

Note: As at 30/09/2025 6

Meitav: Selected Financial Data for Q3 2025

• 1) For definition of Adj. EBITDA, see Page 4 of the Board of Director's report for Q3 2025
• 2) Other = Insurance Agencies, Institutional Brokerage, Alternative Investments and other activities

36%

Adjusted EBITDA (1) (in NIS Million)

• Adjusted EBITDA of NIS 219 million in the current quarter, an increase of approximately 45% compared to the same quarter last year, an annual rate of NIS 876 million

Selected Financial Data: An Increase of 57% in the Net Profit Attributed to the Shareholders (1) (in NIS Million)

Investment Highlights

1) Note: As at 30/09/2025

2) Please see cautionary language and disclaimer regarding forward-looking statements in slide 2 of this Investors Presentation

Segment Analysis

Long-Term Savings (LTS): Positive Net Flows in Long-Term Savings are Driven by Deposits and Market Share Gain, Net

Long-Term Savings AUM Flows (in NIS billion)

63% of AUM growth attributed to market share gain and net deposits in Q1 2021 – Q3 2025

Long-Term Savings (LTS): Significant Increase in Revenues

Revenues (in NIS million)

Long-Term Savings (LTS): Continuous Improvement in Management Fee Rate in Provident and Study Funds and a Positive Outlook Moving Forward

Average Management Fees Rate and YoY Rate Change

Long-Term Savings (LTS): Significant Increase Across All Metrics

• The class-action settlement was approved in August 2025, and a process of more than a decade was completed. The Company cancelled a provision of NIS 375 million in Q3

1) Segment profit excluding effect of legal claims

AUM

191 NIS Billion

Short-Term Savings (STS): Continuous Performance Improvement

Market Share Mutual Funds

Note: As at 30/09/2025

AUM Portfolio Management

90 NIS Billion

Actively Managed Mutual Funds

ETFs & Tracking Funds

Credit Segment: The Company's Credit Portfolio Continues to Grow

Real Estatebacked credit for private clients in Israel

Meitav: Financing

SME Real Estate First Lien Credit in Ireland

Lotus Investment Group (1)
Property & Construction Finance

Note: As at 30/09/2025

1) Lotus – Including Emerald Credit Funds

Credit Segment: Continued Growth Trend in Both Revenue and Profit

Real Estatebacked credit for private clients in Israel

SME Real Estate First Lien Credit in Ireland

Note: As at 30/09/2025 18

Retail Brokerage Segment: Continued Growth

Segment Profit (in NIS million) Revenues (in NIS million) Accounts (in thousands)

Market Share (1)

Note: As at 30/09/2025

Client Assets

39 NIS Billion

Accounts (2)

approximately

112,000

• 1) Estimated number of accounts
• 2) As at 18/11/2025

Financial Statements

Balance Sheet (in NIS Million)

	As of 30.09.2025	As of 31.12.2024
Cash and short-term investments	571	529
Other current assets	2,581	2,220
Total current assets	3,152	2,749
Long term investments	1,367	1,127
Fixed assets and intangible assets	1,607	1,522
Deferred taxes	54	79
Total assets	6,180	5,477

Net Debt to EBITDA(1)	Net Debt (1)
0.47	332

	As of 30.09.2025	As of 31.12.2024
Credit from banks and others	2,161	1,910
Liabilities for short sale of securities	116	91
Trade and other payables	529	439
Liabilities for legal claims	143	676
Total current liabilities	2,949	3,116
Debentures	679	477
Other long term liabilities	943	767
Equity	1,427	848
Non-controlling interests	182	269
Total liabilities and equity	6,180	5,477

Profit and Loss (in NIS Million)

	9M 2025	Q3 2025	Q2 2025	Q3 2024	2024
Revenue from management fees, commissions and other	1,155	416	379	332	1,301
Income from non-bank credit activity	288	99	98	81	318
Total revenue	1,443	515	477	413	1,619
Income refund in respect of legal claims against the Company	203	203	-	-	(2)
Total revenue	1,646	718	477	413	1,617
Marketing, operation, general and administrative expenses	832	288	275	249	1,004
Financing expenses for non-bank credit	119	43	38	36	134
Operating income	695	387	164	128	479
Profit from securities held for nostro portfolio investments, net	17	6	6	2	12
Financing income (expenses), net	191	225	(22)	(22)	(65)
Other income (expenses), net	(7)	(3)	1	(3)	(6)
Company's share in profits (losses) in equity accounted investees, net	1	1	-	(2)	(27)
Profit before taxes on income	897	616	149	103	393
Taxes on income	136	64	41	32	103
Profit for the period	761	552	108	71	290
Profit attributed to the Shareholders	727	542	95	62	256

Profit and Loss - Excluding Provisions for Legal Claims (in NIS Million)

	9M 2025	Q3 2025	Q2 2025	Q3 2024	2024
Revenue from management fees, commissions and other	1,155	416	379	332	1,301
Income from non-bank credit activity	288	99	98	81	318
Total revenue	1,443	515	477	413	1,619
Marketing, operation, general and administrative expenses	832	288	275	249	999
Financing expenses for non-bank credit	119	43	38	36	134
Operating income	492	184	164	128	486
Profit from securities held for nostro portfolio investments, net	17	6	6	2	12
Financing expenses, net	(26)	(11)	(9)	(10)	(33)
Other income (expenses), net	(7)	(3)	1	(3)	(6)
Company's share in profits (losses) in equity accounted investees, net	1	1	-	(2)	(27)
Profit before taxes on income	477	177	162	115	432
Taxes on income	124	52	41	32	103
Profit for the period	353	125	121	83	329
Profit attributed to the Shareholders	319	115	108	74	295

Summary Offer Details

Issuer o Meitav Investment House Ltd. Offer Structure o Security Type: Ordinary shares o Ticker: MTAV-IL o Listing: TASE (Tel Aviv Stock Exchange) o Offer Type: 100% primary o Raising gross proceeds of approximately NIS [500] million o Non-uniform (book-building) offering, under a shelf offering report to be filed on TASE Lock-up o Company: 90 days o Certain Shareholders, Directors, and Officers: 90 days o Certain Shareholders: Maya Holdings (Yaelim) Ltd. and BRM Finance Ltd. o Rule 144A / Regulation S / Israeli Registered Offering Distribution o Sole Global Coordinator & Bookrunner: Jefferies o Local Managers: Leader Capital Markets, Apex Issuances, and Value Base Banking Syndicate Use of Proceeds o The Company intends to use the proceeds from the Offering primarily to fund strategic growth initiatives across short- and long-term savings, credit, retail brokerage, and alternative investments activity, including the pursuit of potential mergers and acquisitions aligned with those core business areas, and for general working capital and corporate purposes, including operating expenses