Clal Insurance

Major Shareholding Notification • Dec 21, 2025

CLAL INSURANCE ENTERPRISES HOLDINGS LTD

Company Number: 520036120

To: Securities Authority | To: Tel Aviv Stock Exchange Ltd.

Form Number: T076 (Public) Sent via MAGNA: 21/12/2025 Reference: 2025-01-101591 Website (Securities Authority): www.isa.gov.il |

Website (Stock Exchange): www.tase.co.il

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

Regulation 33(b) to the Securities Regulations (Periodic and Immediate Reports), 1970

Note: This form is intended strictly for reporting changes in holdings of securities of the reporting entity only. To report a change in holdings of securities of a subsidiary whose operations are material to the reporting entity, please use Form T121.

1. Holder's Information

Name of Corporation/Holder (Hebrew): נוה יורם

Name of Corporation/Holder (English, as registered): Yoram Naveh

Type of Identification: Israeli ID Number

ID Number: 28865301

Type of Holder: Director/CEO

Does the hedge fund have the right to appoint a director or representative to the company's board? __________

Is the holder acting as a representative for reporting purposes for other shareholders acting together in the corporation's securities? No

Name of controlling shareholder of the interested party: Private individual

ID number of controlling shareholder of the interested party: Private individual

Citizenship/ Country of Incorporation or Registration: Private individual with Israeli citizenship

Country of Citizenship/Registration: __________

Security Number (TASE): 1231869

Name and Type of Security: Clal Insurance RSU

Nature of Change: Decrease due to conversion of convertible securities to shares or their redemption

Is this change from a single transaction or accumulated changes? Single transaction

Date of Change: 21/12/2025

Transaction Rate: 0 Currency: Agorot

Are they dormant shares or convertible securities to dormant shares? No

Previous balance (number of securities): 10,572 Holding percentage of this class in last report: 100%

Change in number of securities: -881

Current balance (number of securities): 9,691 Current holding percentage of this class: 100%

Holding percentage after the change:

Share capital: 0.00% Voting rights: 0.00%

Explanation: The post-change holding percentage does not relate to convertible securities.

Holding percentage after the change on full dilution:

Share capital: 0.01% Voting rights: 0.01%

Note number: 1

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.

Note

1. Mr. Yoram Naveh is an interested party by virtue of being the company's CEO. The restricted share units have been allocated to the CEO at no cost, and vest progressively as detailed in the private offering report published on 24/10/2025, reference number 2025-01-079704. The CEO is required to hold the restricted share units and/or the exercised shares for a minimum period of two years from the allocation date, via a trustee.

2. Holder's Information

Name of Corporation/Holder (Hebrew): נוה יורם

Name of Corporation/Holder (English, as registered): Yoram Naveh

Type of Identification: Israeli ID Number

ID Number: 28865301

Type of Holder: Director/CEO

Does the hedge fund have the right to appoint a director or representative to the company's board? __________

Is the holder acting as a representative for reporting purposes for other shareholders acting together in the corporation's securities? No

Name of controlling shareholder of the interested party: Private individual

ID number of controlling shareholder of the interested party: Private individual

Citizenship/ Country of Incorporation or Registration: Private individual with Israeli citizenship

Country of Citizenship/Registration: __________

Security Number (TASE): 224014

Name and Type of Security: Ordinary share 1 NIS par value

Nature of Change: Increase in shares due to conversion of securities

Is this change from a single transaction or accumulated changes? Single transaction

Date of Change: 21/12/2025

Transaction Rate: 0 Currency: Agorot

Are they dormant shares or convertible securities to dormant shares? No

Previous balance (number of securities): 0 Holding percentage of this class in last report: 0%

Change in number of securities: +881

Current balance (number of securities): 881 Current holding percentage of this class: 0%

Holding percentage after the change:

Share capital: 0% Voting rights: 0%

Explanation: The post-change holding percentage does not relate to convertible securities.

Holding percentage after the change on full dilution:

Share capital: 0% Voting rights: 0%

Note number: 1

Note: If 'increase due to forced purchase of loaned securities' or 'decrease due to forced sale of loaned securities' was chosen, the loaned securities that were not returned to the lender would therefore turn the lending action into a forced purchase and the borrowing action into a forced sale.

Note Details Table

	#	Note
1		Mr. Yoram Naveh is an interested party by virtue of being the company's CEO. The restricted share units have been allocated to the CEO at no cost, and vest progressively as detailed in the private offering report published on 24/10/2025, reference number 2025-01-079704. The CEO is required to hold the restricted share units and/or the exercised shares for a minimum period of two years from the allocation date, via a trustee.

1. Was the full consideration paid at the change date? No

If not, please indicate the date of completion of payment: Units of restricted shares were allocated to the CEO free of charge

1. If the change is by signing a loan agreement, please indicate how the lending is to be ended: __________

Explanation: Holdings percentages should include all securities held by the interested party.

• 1. Date and time the event or matter was first known to the company: 21/12/2025 At: 14:00
• 1. Details of the actions which caused the change: [Not provided]

Authorized Signatories for Signing on Behalf of the Corporation

#	Signatory Name	Role
1	Attorney Adi Barkan Stern	Corporate Secretary

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.

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

Additional Information

Previous Names of Reporting Entity: [None listed]

Electronic Reporter Name: Barkan Stern Adi Title: Corporate Secretary Employing Company: CLAL INSURANCE COMPANY LTD. Address: Raul Wallenberg 36, Tel Aviv, P.O. Box 37070, Zip Code 6136902 Phone: 077-6387634 Fax: 03-7965879 Email: AdiBark@clal-ins.co.il

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

Short Name: CLAL INSURANCE ENTERPRISES HOLDINGS LTD.

Address: Raul Wallenberg 36, Tel Aviv, P.O. Box 37070, Zip Code 6136902 Phone: 03-6387575, 03-6387577 Fax: 03-6397011 Email:

ClalMishpatit@clal-ins.co.il

Form structure last updated: 04/02/2025

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