Fibi Bank — M&A Activity 2026

Mar 10, 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. .

Central Management

Bank House, 42 Rothschild, Tel Aviv, Tel: 03-5196223, Fax: 03-5100316

March 10, 2026

To: Israel Securities Authority
Via MAGNA

To: Tel Aviv Stock Exchange
Via MAGNA

Subject: Agreement for the sale of holdings in Israel Credit Cards Ltd. - Extension of the deadline for completion of the transaction

Further to the immediate reports of The First International Bank of Israel Ltd. (hereinafter: the "Bank") dated September 21, 2025 (Reference No.: 2025-01-071183), September 25, 2025 (Reference No.: 2025-01-071700) and November 19, 2025 (Reference No.: 2025-01-089044), regarding the joinder of the Bank to an agreement dated September 19, 2025 (hereinafter: the "Purchase Agreement") for the sale of the entire holdings of Israel Discount Bank Ltd. (hereinafter: "Discount") in Israel Credit Cards Ltd. (hereinafter: "Cal"), which was signed between Discount and Union Investments and Development Ltd. and Harel Insurance Investments and Financial Services Ltd. (hereinafter together: the "Purchasers") (hereinafter: the "Transaction"), the Bank updates that it was informed by Discount that on March 9, 2026, Discount sent a notice to the Purchasers extending the deadline for the completion of the transaction by 30 days, until April 19, 2026.

It was further noted by Discount that in accordance with the terms of the agreement, beyond this extension, both parties (Discount and the Purchasers) are entitled to extend the agreement for an additional three and a half months (where the Purchasers are entitled to do so only subject to certain conditions). In addition, Discount is entitled to extend the agreement by another 90 days after this period. Therefore, if and to the extent the said extensions are granted, the deadline for completion of the transaction will fall on November 1, 2026.

Respectfully,

The First International Bank of Israel Ltd.

Moria Hoftman-Doron, Adv.
SEVP, Head of Legal Advice Division

Nachman Nitzan, SEVP CFO
Head of Chief Accounting Division

3/10/2026 | 10:54:09 AM