Migdal Insur. — Major Shareholding Notification 2025

Aug 25, 2025

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: T076 (Public) Filed on MAGNA: 25/08/2025 Israel Securities Authority Email: www.isa.gov.il Tel Aviv Stock Exchange Email: www.tase.co.il Reference: 2025-01-063280

Immediate Report on Changes in Holdings of Interested Parties and Senior Officers

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. To report 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.

1

Name of corporation / Surname and first name of the holder: Shlomo Eliahu

Name of corporation / Surname and first name of the holder in English as registered with the Companies Registrar or in the passport: Shlomo Eliahu

Type of identification number: Identity card number

Identification number of the holder: 043661602

Type of holder: Interested party who does not meet any of the other definitions

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 several shareholders holding together securities of the corporation? No

Name of controlling shareholder in the interested party:

-*

Identification number of the controlling shareholder in the interested party:

-*

_________

Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship

Country of citizenship / incorporation or registration: _________

Security number on the stock exchange: 1081165

Name and type of security: Reg. 0.01 NIS

Nature of the change: Decrease _________ Due to off-exchange sale

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 way.

Is this a change in a single transaction or multiple transactions (cumulative change): Single transaction

Date of change: 24/08/2025

Transaction rate: 1,200 Currency: agorot

Are these dormant shares or securities convertible into dormant shares: No

Balance (in number of securities) in the last report: 512,234,250 Holding percentage of total securities of the same type in the last report: % 48.59

Change in number of securities: 31,000,000 -

Current balance (in number of securities): 481,234,250 Current holding percentage of total securities of the same type: % 45.50

Holding percentage after the change: In capital: % 45.50 In voting rights: % 45.50

Explanation: The holding percentage after the change does not refer to convertible securities.

Holding percentage after the change on a fully diluted basis: In capital: % 45.08 In voting rights: % 45.08

Note number: 1

Note: If the value of increase due to a forced purchase of loaned securities or the value of decrease due to a forced sale of loaned securities is selected, then loaned securities not returned to the lender and thus the lending action became a forced purchase and the lending action a forced sale.

No.	Note
1	Mr. Eliahu is the controlling shareholder of the company and serves as a director in it. Mr. Eliahu holds the company's shares together with his spouse indirectly through ELIAHU ISSUES LTD (Company No.: 515703528)

1. Was the entire consideration paid at the time of the change? No

If not all the consideration was paid at the time of the change, please specify the date of completion of the payment: During 25.08.2025.

1. If the change is by way of signing a loan agreement, please specify details regarding the termination of the loan: _________

Explanation: The holding percentages should be stated taking into account all securities held by the interested party.

• 1. The date and time the corporation first became aware of the event or matter: 25/08/2025 At: 08:17
• 1. Details of the actions that caused the change: _________

Details of the authorized signatories on behalf of the corporation:

	Name of Signatory	Position
1	Adv. Sarit Perlmutter-Sugarman	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.

Reference numbers of previous documents on the subject (the mention does not constitute inclusion by reference):

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange

Short name: MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

Address: 4 Afek, 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 & FINANCIAL HOLDINGS LTD.

Electronic reporter name: Perlmutter-Sugarman Sarit Position: Company Secretary Employer company name: MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

Address: 4 Afek, Petah Tikva 4951229 Phone: 076-8868962 Fax: Email: saritper@migdal.co.il