F.I.B.I. Holdings Ltd. — 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

The Tel Aviv Stock Exchange

Via MAGNA

To

The Israel Securities Authority

Via MAGNA

Subject: Agreement for the Sale of Holdings in Israel Credit Cards Ltd. - Extension of the Final Deadline for Completion of the Transaction

Further to immediate reports of The First International Bank of Israel Ltd. (hereinafter: the "Bank") dated September 21, 2025 (Reference No.: 2025-01-071183), dated September 25, 2025 (Reference No.: 2025-01-071700) and dated November 19, 2025 (Reference No.: 2025-01-089044), regarding the Bank's joining of the agreement dated September 19, 2025 (hereinafter: the "Acquisition Agreement") for the sale of the full holdings of Israel Discount Bank Ltd. (hereinafter: "Discount") in Israel Credit Cards Ltd. (hereinafter: "CAL"), 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 reported by Discount that on March 9, 2026, Discount sent a notice to the Purchasers extending the final deadline for 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 by 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 additional days after this period. Therefore, if and to the extent the aforementioned extensions are granted, the final deadline for completion of the transaction will occur on November 1, 2026.

Sincerely,

The First International Bank of Israel Ltd.

Nachman Nitzan, EVP CFO

Head of Chief Accountant Division

Moria Hoftman-Doron, Adv.

EVP, Head of Legal Department

3/10/2026 | 9:33:38 PM