Tel Aviv Stock Exchange Ltd. — Board/Management Information 2021

Jul 6, 2021

July 6, 2021 393283

Re: Appointment of an Interim Chairman for the Board of Directors

Pursuant to the immediate report of the Company dated June 29, 2021 (reference no.: 2021-01- 045163), concerning Mr. Neubach's announcement of his early retirement from his office as director and Chairman of the Board of Directors of the Company (including, to remove any doubt, subsidiaries of the Company), and his wish to step down, as aforesaid, with effect from August 1, 2021, the Company hereby announces that, on July 6, 2021, the Board of Directors of the Company resolved that, during the interim period, starting on the end date of Mr. Neubach's office and until the Nomination Committee of the Board of Directors (which was established for locating and recommending candidates for the position of Chairman of the Board of Directors of the Company) completes its work and a new Chairman is appointed for the Board of Directors in place of Mr. Neubach, Mr. Arik Steinberg, who serves as a director in the Company, will be appointed as Interim Chairman of the of the Board of Directors of the Company. Within this framework, the Company will take actions to approve the appointment of Mr. Steinberg also as a director and Interim Chairman of the Boards of Directors of the TASE Clearing House and the MAOF Clearing House and as a member of the Risk Management Committee of each of the Group companies. It is hereby clarified that, at this stage, the compensation payable to Mr. Steinberg as a director in the Company will not be modified in respect of his aforesaid service as Interim Chairman of the Board of Directors (nevertheless, to the extent that he is appointed as a director in subsidiaries of the Company, he shall be entitled to additional compensation for such service, similarly to any other director serving in such companies).

In accordance with the provisions of Section 50B16 of the Securities Law, 1968, notice of the appointment of Mr. Steinberg to the position of Interim Chairman of the Board of Directors has been delivered to the Securities Authority.