Migdal Insur. — Capital/Financing Update 2025

Sep 1, 2025

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.

MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

Registration Number: 520029984

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T121 (Public) Transmitted via MAGNA: 01/09/2025 www.isa.gov.il www.tase.co.il Reference: 2025-01- 066156

Immediate Report for General Material Information

Explanation: Do not use this form when there is a form tailored to the reported event.

This reporting form is intended for material reports for which there is no suitable dedicated form.

Results of an issuance should be reported in T20 and not in this form.

Reporting on bond ratings or corporate ratings should be submitted using form T125.

Nature of the Event:

Updated rating report of MIGDAL INSURANCE FUNDS RAISING LTD

Reference numbers of previous reports on the subject: _________, _________, _________.

The company hereby announces that today, Midroog Ltd. announced the granting of an updated rating of A1.il hyb with a stable outlook, for the bonds of MIGDAL INSURANCE FUNDS RAISING LTD, a subsidiary of the company, for the issuance of Tier 2 capital instruments by way of issuing two new bond series (Series 15 and Series 16), via a shelf offering report, in a total amount of up to NIS 580 million par value, replacing NIS 450 million par value.

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.

Attached file: _________

The company is not a shell company as defined in the stock exchange regulations.

The date the corporation first became aware of the event: 01/09/2025 at 16:50

Details of the authorized signatories on behalf of the corporation:

#	Name	Position
1	Itay Yanai	Officer Other: Chief Financial

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 the matter can be found on the Authority's website: Click here.

Reference numbers of previous 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: 06/08/2024

Short name: MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

Address: 4 Afek St., Petah Tikva 4951229 Phone: 076-8868962, 076-8868959 Fax: 03- 9238988

Email: migdalhold@migdal.co.il Company website: www.migdal.co.il

Previous names of the reporting entity: MIGDAL INSURANCE HOLDINGS LTD.

Electronic reporter name: Itay Yanai Position: Chief Financial Officer Employer company name: MIGDAL INSURANCE COMPANY LTD.

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.

Address: 4 Afek St., Petah Tikva 4951229 Phone: 076-8868490 Fax: Email: itayy@migdal.co.il