Major Shareholding Notification • Aug 28, 2025
Major Shareholding Notification
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Registration number: 513618967
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T076 (Public) Filed on MAGNA: 28/08/2025 Israel Securities Authority website: www.isa.gov.il Tel Aviv Stock Exchange website: www.tase.co.il Reference: 2025-01-065116
Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970
Note: This form is intended for reporting changes in holdings of securities of the reporting corporation only. For reporting changes in holdings of securities of a subsidiary of the reporting corporation, if its activity is material to the activity of the reporting corporation, use Form T121.
MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD. - Profit Participating Life Insurance Accounts
Migdal Insurance and Financial Holdings Ltd
Number in the Israeli Companies Registrar
Holder's identification number:
520029984
_________
-
_________
Type of holder:
Profit Participating Life Insurance Accounts
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 the purpose of reporting on behalf of several shareholders holding together securities of the corporation? Yes
Name of controlling shareholder in the interested party: Mr. Shlomo Eliahu - see note below.
Identification number of the controlling shareholder in the interested party:
Citizenship/country of incorporation or registration: Incorporated in Israel
Country of citizenship/incorporation or registration:
Security number on the stock exchange: 1168558
Name and type of security: MAX STOCK LTD., ordinary share
Nature of change: Increase Due to off-exchange purchase
_________
_________
Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an offexchange transaction, with disclosure in the free text field that the transaction was carried out in this manner.
Single transaction
27/08/2025
1,910.00 Currency: Agorot
9,600,229 Holding percentage of total securities of the same type in the last report: 6.88%
+4,973,822
14,574,051 Current holding percentage of total securities of the same type: 10.44%
In capital: 10.44% In voting rights: 10.44%
Explanation: The holding percentage after the change does not refer to convertible securities.
In capital: 10.36% In voting rights: 10.36%
MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD. - Companies for Managing Mutual Investment Funds in Trust
Migdal Insurance and Financial Holdings Ltd
Type of identification number: Number in the Israeli Companies Registrar
Holder's identification number: 520029984
Type of holder: Companies for Managing Mutual Investment Funds in Trust
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 the purpose of reporting on behalf of several shareholders holding together securities of the corporation? Yes
Name of controlling shareholder in the interested party: Mr.ShlomoEliahuseenotebelow.
Identification number of the controlling shareholder in the interested party:
Citizenship/country of incorporation or registration: IncorporatedinIsrael
Country of citizenship/incorporation or registration:
Security number on the stock exchange: 1168558
Name and type of security: MAX STOCK LTD., ordinary share
Increase Due to purchase on the stock exchange
_________
_________
Note: Purchase or sale of shares on the stock exchange by way of a matched transaction, as defined in the third part of the stock exchange regulations, will be classified as an offexchange transaction, with disclosure in the free text field that the transaction was carried out in this manner.
Multiple transactions
Date of change: 27/08/2025
Transaction rate: 1,747.64 Currency: Agorot
1,850,609 Holding percentage of total securities of the same type in the last report: 1.33%
+788,375
2,638,984 Current holding percentage of total securities of the same type: 1.89%
In capital: 1.89% In voting rights: 1.89%
Explanation: The holding percentage after the change does not refer to convertible securities.
In capital: 1.88% In voting rights: 1.88%
Note: If the value "increase due to forced purchase of loaned securities" or the value "decrease due to forced sale of loaned securities" is selected, then loaned securities that were not returned to the lender and thus the lending action became a forced purchase and the lending action a forced sale.
| No. | Note |
|---|---|
| 1 | To the best of the company's knowledge, as of the reporting date, Mr. Shlomo Eliahu is the ultimate controlling shareholder of the company and holds 45.50% of the issued and paid-up share capital of the company ["share capital"], through ELIAHU ISSUES LTD. ELIAHU ISSUES LTD is wholly owned by Eliahu 1959 Ltd. To the best of the company's knowledge, the shareholders of Eliahu 1959 Ltd are: Mr. Shlomo Eliahu, holding 25.14% of the capital and 98% of the management shares, Mrs. Chaya Eliahu, holding 0.02% of the capital and 2% of the management shares, Shlomo Eliahu Holdings Ltd, holding 61.7% of the capital, and Ahim Eliahu Trust and Investments Ltd, holding 13.14% of the capital. The shareholders of Shlomo Eliahu Holdings Ltd are Mr. Shlomo Eliahu holding 83.31% and Mrs. Chaya Eliahu holding 16.69%. The sole shareholder of Ahim Eliahu Trust and Investments Ltd is Eliahu 1959 Ltd, whose shareholders are as detailed above. The holdings in profit the company's shares appearing under participating life insurance – accounts are held by the partnership "Migdal Sal Israeli Shares" (the "Partnership"). The partnership is a registered partnership, all of whose rights holders are institutional reporting group companies from the Migdal group. profit The partnership itself is not a participating life insurance account and/or a management company. According to the agreements among the partners in the partnership, the holding percentage of the rights holders in the partnership changes frequently, according to the mechanism set in the partnership agreement. The holdings in the company's bonds appearing profit under participating life insurance accounts are held by the partnership – "Migdal Sal Corporate Bonds in Israel" (the "Partnership"). The partnership is a registered partnership, all of whose rights holders are institutional reporting group companies from the Migdal group. The partnership itself is profit not a participating life insurance account and/or a management company. According to the agreements among the partners in the partnership, the holding percentage of the rights holders in the partnership changes frequently, according to the mechanism set in the partnership agreement. Below are the holding percentages in the partnership of the rights holders in the partnership as of August 27, 2025: |
| Company | Participating |
| --------- | -------------- |
| Shares 701 |
40.29% |
| Bonds 704 |
44.70% |
| No. | Note |
|---|---|
| 2 | According to information provided to the company: 1. The holder is a member of an institutional reporting group that cumulatively holds more than 5% of the voting rights in the company [together with Holder 1]. For more details, see Note 1 above. 2. The transactions were carried out during the period between 01.07.2025 and 27.08.2025, at an average price of 1,747.64 agorot. |
If not, please specify the date of completion of payment:
_________
_________
_________
Explanation: The holding percentages should be stated taking into account all securities held by the interested party.
| No. | Name of Signatory |
Position |
|---|---|---|
| 1 | Yifat Nir-Katz |
Other |
| Deputy CEO, Chief Legal Counsel and Company Secretary |
Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under 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.
Previous reference numbers of documents on the subject (the mention does not constitute incorporation by reference):
Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange
Form structure update date: 04/02/2025
Short name: MAX STOCK LTD.
Address: Hashita 16, P.O. Box 3594, Caesarea 3089900 Phone: 073-7695176 Fax: 04-8241792
Email: [email protected] Company website: www.maxstock.co.il
Previous names of the reporting entity: MAX MANAGEMENT ISRAEL LTD.
Name of electronic reporter: Katz Yifat Position: Legal Advisor and Company Secretary Employer company name:
Address: Hashita 16, Caesarea 3088900 Phone: 054-4909365 Fax: 04-8241792 Email: [email protected]
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