Clal Insurance — Capital/Financing Update 2026

Apr 13, 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.

Clal Insurance Enterprises Holdings Ltd
CLAL INSURANCE ENTERPRISES HOLDINGS LTD
Number in the register: 520036120
To: Israel Securities Authority To: Tel-Aviv Stock Exchange Ltd T121 (Public)
www.isa.gov.il	www.tase.co.il	Filed via MAGNA: 13/04/2026	Reference: 2026-01-034001

Immediate report for general material information

Explanation: Do not use this form when there is a form adapted to the reported event.

This reporting form is intended for material reports for which there is no suitable designated form.

Issuance results must be reported on Form T20 and not on this form.

Report on rating of BONDS or rating of a corporation must be submitted using Form T125.

Nature of the event: Adjustment of the conversion rate of the BONDS (Series 2') Security No. 1193499

Reference numbers of previous reports on the matter: _, _, ____.

Further to the shelf offering report published by the Company on February 9, 2023 (reference 2023-01-013621) (the "Shelf Offering Report") and in accordance with section 1.2.9.2 of the Shelf Offering Report, pursuant to the terms of the BONDS (Series 2') (Security No. 1193499) (the "BONDS (Series 2')"), if the Company distributes, during the term of existence of the conversion right of the BONDS (Series 2'), a dividend, the conversion rate shall be multiplied by the ratio between the "ex-dividend" base price of the share and the closing price of the share on the Tel-Aviv Stock Exchange Ltd (the "Stock Exchange") on the last trading day prior to the "ex-dividend" date. In addition, further to the supplemental immediate report of the Company dated April 12, 2026 (reference 2026-01-033152) regarding a cash dividend distribution, the Company is honored to report that in accordance with the closing price of the Company's share on the Stock Exchange on April 13, 2026 (the last trading day prior to the "ex-dividend" date), the conversion rate of the BONDS (Series 2') is adjusted such that from the "ex-dividend" trading day (i.e. April 14, 2026) and until the last date for conversion (February 18, 2028) (inclusive) every NIS 80.28818 par value of BONDS (Series 2') may be converted into one ordinary share of the Company (instead of the previous conversion rate according to which every NIS 81.93343 par value of BONDS (Series 2') could be converted into one ordinary share of the Company).

Attached file

The Company is not a shell company as defined in the TASE Regulations

The date on which the corporation first became aware of the event: 13/04/2026At: 22:30

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

	Name of signatory	Position
1	Adv. Adi Barkan Stern	Company 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's position on the matter can be found on the Authority's website: Click here.

Reference numbers of previous documents on the matter (the reference does not constitute incorporation by reference):

Securities of the corporation are listed for trading on the Tel-Aviv Stock Exchange	Date of last update of the form structure: 06/08/2024
Short name: Clal Insurance Enterprises
Address: 36 Raul Wallenberg, Tel Aviv, P.O.B. 370706136902	Telephone: 03-6387575,
03-6387577Fax: 03-6397011
Email: ClalMishpatit@clal-ins.co.il
Previous names of reporting entity:

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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.

Name of electronic reporter: Barkan Stern AdiPosition: Company SecretaryName of employing company: Clal Insurance Company Ltd

Address: 36 Raul Wallenberg, Tel Aviv P.O.B. 370706136902Telephone: 077-6387634Fax: 03-7965879Email: AdiBark@clal-ins.co.il