Ayalon Insurance Company LTD — Director's Dealing 2026

May 28, 2026

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.

Ayalon Insurance Company Ltd.
AYALON INSURANCE COMPANY LTD
Number in the register: 520030677

To: Israel Securities Authority
www.isa.gov.il

To: Tel-Aviv Stock Exchange Ltd.
www.tase.co.il

T076 (Public)
www.tase.co.il

Filed via MAGNA: 28/05/2026
Reference: 2026-01-050461

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 a change in holdings in securities of the reporting corporation only. To report a change in holdings in securities of a company held by the reporting corporation, if its activity is material to the activity of the reporting corporation, use Form T121.

1. Name of the corporation / surname and first name of the holder: Ziv Kadari
   Name of the corporation / surname and first name of the holder in English as registered with the Registrar of Companies or in the passport: Ziv Kadari
   Type of identification number: Identity card number
   Identification number of the holder: 024524654
   Type of holder: Senior officer who is not a CEO or director and is not an interested party by virtue of holdings
   The hedge fund has the right to appoint a director or its representative to the company's board of directors
   Does the holder serve as a representative for the purpose of reporting for several shareholders holding together with him securities of the corporation: No
   Name of the controlling shareholder in the interested party -
   Identification number of the 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: 209015
   Name and type of security: Ayalon ordinary share
   Nature of the change: Decrease due to sale on the stock exchange
   Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in Part Three of the TASE Regulations, shall be classified as an off-exchange transaction, while providing disclosure in the free text field that the transaction was carried out in this manner.
   Is this a change in a single transaction or several transactions (cumulative change): Single transaction
   Date of change: 28/05/2026
   Transaction price: 17,640 Currency agorot
   Whether dormant shares or securities convertible into dormant shares: No
   Balance (in quantity of securities) in the last report: 1,996 Holding percentage of all securities of the same type in the last report: % 0.01
   Change in quantity of securities: 1,496-
   Current balance (in quantity of securities): 500 Current holding percentage of all securities of the same type: % 0

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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.

Holding percentage after the change: in equity: % 0 In voting power: % 0

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

Holding percentage after the change on a fully diluted basis: in equity: % 0.09 In voting power: % 0.09

Note number 1

Note: If the value increase due to forced purchase of borrowed securities or decrease due to forced sale of borrowed securities is selected, then borrowed securities that were not returned to the lender and therefore the lending transaction became a forced purchase and the lending action a forced sale.

No.

Note

1

Mr. Ziv Kadari additionally holds 27,000 warrants due to the allocation of warrants as detailed in the immediate report regarding a private offering dated 28.10.2025 (Reference No.: 2025-01-081071) (the "Private Offering Report") and in the immediate report on changes in holdings of interested parties and senior officers dated 8.1.2026 (Reference No.: 2026-01-003821). Data on the holding percentage after the change on a fully diluted basis assumes the full exercise of the warrants held by the holder into exercise shares at a ratio of one exercise share for each exercised warrant. However, the assumption of exercise of the warrants into exercise shares at a ratio of 1:1 is theoretical only, since due to the implementation of the "net exercise" mechanism as defined in section 3.10.6 of the Private Offering Report, in practice, upon exercise of the warrants, the offerees will be allotted shares in a quantity reflecting only the amount of the monetary benefit embodied in the warrants. Also, with respect to full dilution, see footnote 6 to the Private Offering Report.

1. Was the entire consideration paid on the date of the change Yes

If the entire consideration was not paid on the date of the change, please indicate the date of completion of the payment:

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

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

1. The date and time on which the corporation first became aware of the event or matter 28/05/2026 At time 15:56
2. Description of the actions that caused the change

Details of the authorized signatories to sign on behalf of the corporation:

	Name of signatory	Position
1	Adv. Irit Makov-Yerushalmi	Other Senior Vice President, Chief Legal Counsel and Corporate Secretary

Explanation: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted pursuant to these Regulations shall be signed by those authorized to sign on behalf of the corporation. The staff 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 way of reference):

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

Date of form structure update: 04/02/2025

Short name: Ayalon

Address: Aba Hillel Silver12, Ramat Gan52008 Telephone: 03-7569772, 03-7569212Fax: 03-7569572

E-mail: nazkirutm@ayalon-ins.co.il Company website:https://www.ayalon-ins.co.il/

Previous names of reporting entity: Ayalon Holdings Ltd., Ayalon Insurance Company Ltd.

Name of electronic reporter: Makov Yerushalmi Irit RachelPosition: Legal CounselName of employing company: Ayalon Insurance Company Ltd.

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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: Aba Hillel 12, Ramat Gan5250606 Telephone: 072-2229772 Fax: E-mail: NAZKIRUTM@ayalon-ins.co.il