Migdal Insur. — Share Issue/Capital Change 2026

Jan 1, 2026

MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

Registry Number: 520029984

To:

Israel Securities Authority: www.isa.gov.il Tel Aviv Stock Exchange Ltd.: www.tase.co.il

Form Number: T087 (Public)

Reported in MAGNA: 01/01/2026 Reference Number: 2026-01-000601

Statement Regarding Capital Structure, Grant of Rights to Acquire Shares, Securities Registers of the Corporation, and Related Changes

Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 32 of the Securities Regulations (Periodic and Immediate Reports) 1970

Nature of the change:

Expiration of options not listed for trading

Explanation: Brief description of the nature of the change

Reference numbers of previous related reports:

(none listed)

1. Corporation's Securities After the Change:

Name and Type of Security	Exchange Security No.	Quantity in Registered Capital	Issued and Paid Up Capital	Quantity Registered in the Name of the Registration Company
Ordinary Share NIS 0.01	1081165	1,500,000,000	Last report: 1,057,948,073
Current: 1,057,948,073	1,054,206,631
Options for Officers of the Company and its Subsidiaries	1197730	0	Last report: 8,997,148
Current: 8,753,774	0

Explanation: All securities of the company, including those not listed for trading, must be detailed here.

2. The corporation notifies that:

On date: 31/12/2025

A change occurred in the quantity and register of holders of the company's securities (including rights to acquire shares) as a result of:

Description of the nature of the change:

Expiration of 243,374 options not listed for trading

Explanation: Please describe the full details of the transaction or action causing the change in the corporation's securities.

Details:

	1. Name of registered holder affected by the change: IBI Trustees Management
	Type of identification number: Company Registrar Number in Israel
	Identification number: 515020428
	Nature of change: Expiration
	Date of change: 31/12/2025
	Conducted via TASE clearing house: No
	Type and name of security changed: Options for officers of the company and companies under its control
	Exchange Security No.: 1197730
	Holder's securities balance in last report: 8,997,148
	Holder's securities balance after change: 8,753,774
	Total quantity of securities decreased/increased: 243,374
	Does this constitute granting rights to acquire shares? No
	Total consideration for securities allocated:
	Exchange security number for share arising from exercise of the security:
	Number of shares arising from full conversion/exercise of the security:
	Total exercise proceeds from full conversion/exercise:
	Exercise period for the securities:
	From date:
	Until date:
	Will the securities be registered for trading?:
	Allocation of the said securities is further to Published on:, Reference number:
	The security has been fully paid for and full consideration received. [ ]
	The security has been fully paid for, but full consideration not received. [ ]
	Issued for ATM program [ ]
	Other [X]
	Explanation: Expiration of options

Explanations:

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.

• 1. If the change affects more than one security, detail the effect for each security in a separate line.
• 1. Change date all changes of the same type, in the same security, made on the same day, should be summarized in one line. For this, distinguish between changes executed via TASE clearing house and those directly in the company's books.
• 1. For reductions, use the "-" sign.
• 1. All quantity fields must show the number of securities, not NIS par value.

3. Main points from the register of shareholders at the reporting date are as follows:

No.	Name of Registered	Type of ID	ID	Security	Type and Par	Quantity of	Holding as
	Shareholder	Number	Number	No.	Value of Shares	Shares	Trustee
1	The Registration Company of the Tel Aviv Stock Exchange Ltd.	Company Registrar Number in Israel	515736817	1081165	Ordinary 0.01 NIS	1,054,206,631	No

4. Attached is a file containing the register of shareholders in accordance with Section 130 of the Companies Law, 1999

[_________]

1. Attached is an updated file of the registers of the corporation's securities, including the register of option holders and the register of bond holders.

[pdf.isa_מרשם_ניירות_ערך_311225]

Details of authorized signatories for the corporation:

No.	Name	Position
1	Adv. Noam Hewislich	Other / Chief Legal Counsel

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

Previous names of the reporting entity: Migdal Insurance Holdings Ltd.

Security of the corporation is traded on the Tel-Aviv Stock Exchange

Short name: Migdal Insurance

Address: 4 Efal St., Petah Tikva, 4951229

Phone: 076-8868962, 076-8868959

Fax: 03-9238988

Email: migdalhold@migdal.co.il

Company Website: www.migdal.co.il

Details of electronic reporting signatory:

Name: Ronit Lerar

Position: Adv. / Legal Counsel Email: ronitler@migdal.co.il

Address: 2 HaYetzira St., Petah Tikva, 4951228

Phone: 076-8867265

Form structure update date: 06/08/2024

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.

END OF DOCUMENT

[No images were present in the provided document, so no alt text for images is included. If any images were found, they would appear here with a descriptive alt text under each one as per your instructions.]