Bank Leumi Le-Israel B.M.

Board/Management Information • Dec 22, 2025

December 22, 2025

Bank Leumi Le-Israel Ltd. (the Bank)

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

Re: Organizational Change and Appointments in the Bank's Management

The Bank is pleased to report that today, December 22, 2025, the Bank's Board of Directors approved the following organizational change and appointments in the bank's management:

1.

Organizational Change

The following changes will be made to the structure of the bank's management divisions, aiming, among other things, to accelerate

the technological transformation at the bank and the acceleration of the AI revolution led by the bank, leveraging it

for eciency, business, service, and process excellence:

a.

The bank's Technologies Division will be split into two specialized divisions: a Cyber and Infrastructure Division, which will centralize the elds of cyber, cloud infrastructure, CTO, and more; and a Technological Development Division, which will centralize the elds of capital markets systems, digital development, core systems, open banking, and more.

b.

The bank's Operations Division will be closed, and its departments will be transferred partly to the Cyber and Infrastructure Division and partly to the Banking and Business Divisions.

c.

An AI Center will be established, reporting to the CEO's oce.

d.

The Mortgage Sub-Division will become an independent division reporting directly to the Bank's CEO, instead of its current place as a sub-division under the Banking Division.

2.

Appointments and Changes in the Bank's Management

a.

Mr. Eyal Ben Haim, Head of the Banking Division, has requested to end his tenure at the bank after approximately 28 years of work at the bank in various positions, of which about 7 years were as part of the bank's management.

b.

Mr. Eyal Efrat, who has served as Head of the Bank's Technologies Division for the past two years and previously served as Head of the Strategy and Digital Division, will be appointed as Head of the Banking Division, with the status of Senior Vice President and member of the bank's management.

c.

Mr. Nir Omer, who has served in recent years as Head of the Cyber Department in the Technologies Division, will be appointed as Head of the Cyber and Infrastructure Division, with the status of Senior Vice President and member of the bank's management.

2024-06-25

• d. Mr. Shauli Bar Or, who has served for the past two years as Head of the Core Systems Division in the Technologies Division, will be appointed Head of the Technological Development Division, at the level of Senior Executive Vice President and member of the Bank's management.
• e. Mr. Matan Samish, Head of the Mortgage Division, will be appointed Senior Executive Vice President and member of the Bank's management.
• f. Mr. Avi Polak, Head of the Operations Division at the Bank, which is expected to close as stated, will be appointed CEO of the subsidiary Leumi Capital Market Services Ltd., with the intention of expanding its activities into additional areas in order to provide comprehensive service to clients.

These appointments will take effect by 1.1.2026, and in any case, with respect to the appointments in sections b – d above, after receiving approval or non-objection from the Banking Supervision Department at the Bank of Israel.

Bank Leumi le-Israel B.M.

By: Adv. Nitzan Sandor

Chief Legal Counsel