ISRAEL CORPORATION LTD

Company Number: 520028010

To:

Israel Securities Authority (www.isa.gov.il)

Tel Aviv Stock Exchange Ltd. (www.tase.co.il)

Form Number: T078 (Public)

Report Transmitted via MAGNA: 01/01/2026

Reference: 2026-01-000245

Immediate Report on a New Interested Party in the Corporation

Regulation 33(e)-(f) of the Securities Regulations (Periodic and Immediate Reports), 1970.

1. Details of the Holder:

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.
First Name:
First Name in English as appears on passport:
Last Name / Corporation Name: Migdal Insurance and Financial Holdings Ltd.
Last Name / Corporation Name in English: Migdal Insurance and Financial Holdings Ltd
Type of Identification Number: Number in the Israeli Companies Registrar
The holder is a corporation
Identification Number: 520029984
Citizenship / Country of Incorporation or Registration: Incorporated in Israel
Country of Citizenship / Incorporation or Registration:
Address: 4 Efal St., Petach Tikva
Is the holder a representative for the reporting of shareholders holding together with them securities of the corporation: Yes
Name of Controlling Shareholder in the Interested Party: See details in section 5 below
Identification Number of the Controlling Shareholder in the Interested Party: 515703528
2. Details of the Event Due to Which the Holder Became an Interested Party in the Corporation:
Nature of the event: Increase
Due to: Purchase on the stock exchange
Other (explanation):
Name and type of security involved: Regular shares 1

Security number on the stock exchange: 576017
Date of transaction: 31/12/2025
Quantity of securities involved: 55,000
Transaction price: 91,539.95 agorot
Other:
Are these dormant shares or securities convertible into dormant shares: No
Has the full consideration been paid at the time of the change: Yes
If full consideration has not been paid, indicate date of payment completion:

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, Type, and Series of Security	Security Number	Quantity of Securities	Dormant?	% Equity	% Voting	% Equity (Fully Diluted)	% Voting (Fully Diluted)
Regular shares 1	576017	420,834	No	5.56	5.57	5.55	5.60
Series 64 bonds 12	5760251	608,740	No	0.55
Series 64 bonds 14	5760301	49,453,611	No	5.70
Series 64 bonds 15	5760327	24,348,002	No	3.61

B.

The holder is a member of an institutional reporting group.
Below are details of his holdings:

Holder	Name, Type, and Series of Security	Security Number	Quantity of Securities	Dormant?
Participating life insurance accounts	Regular shares 1	576017	308,122	No
Companies managing joint investment trust funds	Regular shares 1	576017	112,712	No
Companies managing joint investment trust funds	Series 64 bonds 12	5760251	608,740	No
Companies managing joint investment trust funds	Series 64 bonds 14	5760301	49,453,611	No
Companies managing joint investment trust funds	Series 64 bonds 15	5760327	24,348,002	No

Explanations:

1. If the interested party holds more than one type of security, holding rates should be reported considering all securities held, in only one line.
1. It is also necessary to report holdings of other securities, including those not listed for trading.
1. If the interested party is a subsidiary, holdings should be separated between shares acquired before and after the Companies Law entered into effect (1999).
1. When the holder is not a member of an institutional reporting group, only section 3A should be completed. If a member, both 3A and 3B should be filled.
1. If the interested party is a corporation wholly owned (100%) by a single controlling shareholder, the holder's name field should state the controlling shareholder and notes at the end of the form should give the entity details. If more than one controlling shareholder or several interested parties, state the holding corporation's name and details of controlling shareholders/interested parties in the notes.
1. Significant shareholder in a banking corporation without a control core should be reported in report T121.

Indicate whether the securities are dormant shares or securities convertible into dormant shares.

4. The interested party does not hold shares or other securities in a held company whose activity is material to the activity of the reporting corporation.

5. Additional Details:

To the best of the company's knowledge, the shareholders of Eliyahu 1959 Ltd are: Mr. Shlomo Eliyahu (25.14% of equity and 98% of management shares), Mrs. Chaya Eliyahu (0.02% of equity and 2% of management shares), Shlomo Eliyahu Holdings Ltd (61.7% of equity), and Ahim Eliyahu Trusts and Investments Ltd (13.14% of equity). The shareholders of Shlomo Eliyahu Holdings Ltd are Mr. Shlomo Eliyahu (83.31%) and Mrs. Chaya Eliyahu (16.69%). The sole shareholder of Ahim Eliyahu Trusts and Investments Ltd is Eliyahu 1959 Ltd, whose shareholders are as detailed above.

Note regarding share holdings of the company: Shareholdings in the company's shares appearing under participating life insurance accounts are held via the partnership "Migdal Sal – Israeli Shares" ("the Partnership"). The Partnership is a registered partnership, and all its rights holders are institutional reporting group companies from the Migdal group. The partnership itself is neither a participating life insurance account nor a management company. According to agreements among the rights holders, the rights-holders' holding proportions in the partnership change frequently, as set in the partnership agreement. The following are the holdings of the partnership's rights holders as of December 30, 2025:

Company	Participating	Pension & Provident	Total Shares
701	38.11%	61.89%	100%

Note regarding company bonds holdings: The company's bonds appearing under participating life insurance accounts are held by the partnership "Migdal Sal – 106 Nirzani Bonds in Israel" ("the Partnership"). The Partnership is a registered partnership, all of its rights holders being institutional reporting group companies from Migdal Group. The partnership itself is neither a participating life insurance account nor a management company. According to agreements between the partners, the proportions of rights holders in the partnership change frequently, as per the partnership agreement. The following are the partnership's rights holders' holdings as of December 30, 2025:

Company	Participating	Pension & Provident	Total Bonds
704	46.83%	53.17%	100%

6. Date and Time the Corporation First Became Aware of the Event or Matter

Date: 31/12/2025 Time: 15:30

Authorized Signatories for the Corporation

#	Name	Position
1	Adv. Maya Elsheikh Kaplan	Other: Deputy CEO, Legal Counsel and Company Secretary
2	Sagiv Kabala	CFO

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by the authorized signatories for the corporation. Staff's position on the matter can be found on the authority's website: Click here.

Free Text Section

Name of signatory authorized for the report and for electronic signature: Maya Elsheikh Kaplan Position: Deputy CEO, Legal Counsel and Company Secretary Date of Signature: 1.1.2026

Previous Names of Reporting Entity:

(Ltd Corporation Israel (החברה לישראל בע"מ

Contact Details

Address: P.O.B. 20456, Tel Aviv 61204

Tel: 03-6844517, 03-6844500

Fax: 03-6844587

Email: [email protected] Address: 23 Arnia St., Tel Aviv 61204

Phone: 03-6844517 Fax: 03-6844587

Email: [email protected]

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