Migdal Insur. — Major Shareholding Notification 2025

Oct 19, 2025

MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

To: Israel Securities Authority
To: Tel Aviv Stock Exchange Ltd.
Form Number: T077 (Public)
Sent via MAGNA: 19/10/2025

Immediate Report on the Holdings of Interested Parties and Senior Officers

Regulation 33 (c)-(d) of the Securities Regulations (Periodic and Immediate

Reports), 1970
Reference numbers of previous reports on the subject:	,	,

Below is the status as of 30/09/2025:

Registry Number: 520029984

Reference: 2025-01-077081

A. Interested Parties in the Corporation (including CEO and directors, and any other employee holding five percent or more of the issued share capital or voting power):

Holder Number	Holder Name	Security Name, Type, and Series	Updated Quantity of Securities	Holding Percentage	Equity %	Voting %	Holding Percentage (Full Dilution)	Equity %	Voting %
1	Shlomo Eliahu	1081165	481,234,250	45.49	45.49	45.49	45.10	45.10
2	Migdal Insurance Company Ltd	1081165	6,365	0	0	0	0	0
3	MIGDAL MUTUAL FUNDS LTD	1081165	14,351,371	1.36	1.36	1.36	1.34	1.34
4	PHOENIX FINANCIAL LTD - Nostro	1081165	1,107,337	0.10	0.10	0.10	0.10	0.10
5	Phoenix Participating	1081165	908,412	0.09	0.09	0.09	0.09	0.09
6	PHOENIX INVESTMENTS HOUSE LTD - Mutual Fund Management Companies	1081165	28,453,402.87	2.69	2.69	2.69	2.69	2.69
7	PHOENIX INVESTMENTS HOUSE LTD - Market Maker	1081165	-182,390.29	0	0	0	0	0
8	PHOENIX FINANCIAL LTD - Provident Funds and Provident Fund Management Companies	1081165	46,924,858	4.44	4.44	4.44	4.40	4.40

Holder Number	Holder Name	Security Name, Type, and Series	Updated Quantity of Securities	Holding Percentage	Equity %	Voting %	Holding Percentage (Full Dilution)	Equity %	Voting %
9	Harel Insurance Investments & Financial Services Ltd - Nostro	1081165	33,653	0	0	0	0	0
10	Harel Insurance Investments & Financial Services Ltd - Mutual Funds and ETFs	1081165	16,413,685	1.55	1.55	1.55	1.54	1.54
11	Harel Insurance Investments & Financial Services Ltd - Provident Funds	1081165	38,321,681	3.62	3.62	3.62	3.59	3.59
12	Yossi Ben Baruch	Options 1197730	1,942,743	0	0	0	0.18	0.18
13	Ronni Gamzu	Options 1197730	692,225	0	0	0	0.06	0.06

Total Holding Percentage:

Equity: 59.34% Voting: 59.34%

Total Holding Percentage (Full Dilution):

Equity: 59.09% Voting: 59.09%

B. Senior Officers in the Corporation (excluding CEO and directors, and any other employee holding five percent or more of the issued share capital or voting power):

• Do not hold securities of the corporation.
• Below is the status of holdings of senior officers in the corporation:

Holder Number	Holder Name	Security Name, Type, and Series	Updated Quantity of Securities	Holding Percentage	Equity %	Voting %	Holding Percentage (Full Dilution)	Equity %	Voting %
14	Ronen Agassi	Options 1197730	2,401,715	0	0	0	0.23	0.23
15	Sagi Stein	1081165	29,834	0	0	0	0.03	0.03
16	Sagi Stein	Options 1197730	243,375	0	0	0
17	Noam Hauslich	Options 1197730	243,375	0	0	0	0.02	0.02
18	Tamir Solomon	Options 1197730	189,292	0	0	0	0.02	0.02
19	David Gilad	Options 1197730	563,738	0	0	0	0.05	0.05
20	Itay Yanai	Options 1197730	226,026	0	0	0	0.02	0.02

Total Holding Percentage:

Equity: 0% Voting: 0%

Total Holding Percentage (Full Dilution):

Equity: 0.37% Voting: 0.37%

Explanations:

• 1. It is required to report also on the holding of other securities, including those not listed for trading.
• 1. If an interested party holds more than one type of security in the corporation, the holding percentage (including full dilution) should be stated considering all securities held by him in a single row.
• 1. This form should detail the holdings of all interested parties, including those whose holdings have not changed.
• 1. If the interested party is a held company with significant activity for the corporation, the holdings should be split between shares acquired before the Companies Law, 1999 came into effect (granting rights in equity and voting), and shares acquired after its effect which are dormant shares.
• 1. If the interested party is a corporation, also state the first name(s) of the ultimate controlling shareholder(s) in this corporation. If there is no controlling shareholder, provide details of the interested parties in it.
• 1. If a senior officer holds five percent or more of the issued share capital or voting power, his holdings should be detailed in the "Interested Parties" table as detailed in section A above.
• 1. If the interested party or senior officer also holds securities in a held company whose activities are significant to the corporation, details of these holdings should be provided in the "Remarks" field in the holder's details.

C. As of the date of this report and according to the law, is there a controlling shareholder in the corporation?

Yes
No
Other:

The controlling shareholder in the corporation is:

#	Name	ID Type	ID Number	Control Transferred During Period?	Details
1	Shlomo Eliahu	ID Card Number	043661602	No

Total holding percentage (%) in the corporation's equity by all controlling shareholders: 45.49%

Authorized signatories for the corporation:

#	Name	Position
1	Adv. Sarit Perlmutter-Sugarman	Company Secretary

Explanatory note: According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 1970, a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here.

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

Contact Information:

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

Electronic reporter name: Noam Hauslich

Position: Chief Legal Counsel

Employer company name: Migdal Insurance Company Ltd.

Address: 4 Afek, Petah Tikva, 4951229

Phone: 076-8868101

Email: noamhau@migdal.co.il

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

Short name: MIGDAL INSURANCE

Form structure update date: 04/02/2025

Note:

• All company and glossary names have been translated as per your instructions.
• No images were present in the original document.
• No screenshots were included.