Wesure Global Tech Ltd.

Investor Presentation • Sep 5, 2023

1

for the Future

Digital Insurance Group of the New Generation

Investor Presentation Summary

Q2 Financial Reports, 2023

Legal clarification

The information contained in this presentation is a summary only. It does not exhaust all the relevant data about the company and its activities, and does not replace a review of the immediate reports or the periodic financial statements of the company, as reported to the Securities Authority through the distribution website of the Magna/ ISA. Substantial information about the company, included in this presentation, has been previously disclosed to the public as part of the company's reports. However, the presentation may include data presented in different ways or segments from those previously reported by the company. This presentation does not claim to include all information that may be relevant for making any investment decisions regarding the company's securities. It is prepared for convenience and brevity, and does not contain all the data about the company and its activities, and does not replace the need to review detailed reports as mentioned above.

This presentation is not a proposal for investment or purchase of securities of Wesure Globaltech Ltd. ("the Company"), and in particular, it is not a "public offering" or "sale to the public" of any kind. The presentation is intended solely for the purpose of providing general information, and the information contained therein is not a recommendation or opinion or a substitute for the judgment of an investor, and it does not purport to include all relevant information for making any decision regarding investment in the Company's securities or otherwise.

This presentation may include forward-looking information as defined in the Securities Law, 1968, including forecasts, goals, business strategies, estimates and assessments, both regarding the Company's activity and the markets in which it operates, as well as any other information in any form relating to future events or matters, the realization of which is uncertain and not within the Company's control. This information is based on up-to-date assumptions and estimates as of the date of the presentation, including those of the Company's management, which, despite the Company's belief that they are reasonable, are inherently uncertain and are based, in part, on subjective estimates only

The realization or non-realization of information will be influenced by, among other things, risk factors that characterize the company's activity, decisions of third parties including regulatory authorities and contracts with third parties, as well as developments in the economic environment and external factors that affect the company's activity, and which cannot be assessed in advance and are not under the control of the company. Additionally, the presentation's references to the company's goals and strategy are accurate as of this date. These goals may change from time to time in accordance with the authorized organizational decisions of the company. The company is not committed to updating or changing its forecast or assessment as stated in order to reflect events and/or circumstances that may occur after this presentation and is not committed to updating this presentation.

Regarding sections 34-36, it is emphasized that the company's approach to Ayalon Insurance's board of directors is a non-binding proposal to initiate negotiations between the parties to examine the possibility, and there is no certainty that the parties will enter into negotiations and/or conduct negotiations and/or that any binding agreement will be reached and/or that any transaction will be completed between the parties and on what terms. It is also clarified that any contract between the parties, as may be formulated, will be subject to various dependent conditions as agreed between the parties, including the relevant authorized entities of each party and the required regulatory approvals, including approval of the Israel Securities Authority and the Tel Aviv Stock Exchange, which are not certain to be obtained.

Group's Strategy

• ❖ Being an innovative, Multi-Line and Multi-Channel financial group, expanding internationally, as part of the group's long term growth strategy, being one of the largest and leading insurance and finance groups in Israel.
• ❖ Leading the transformation of the insurance and finance industry, "from the old traditional world" to the "new digitial era ", while establishing a stable business model that is profitable over time.
• ❖ Expanding to a variety of financial activities, which creates diversification, supported by advanced technologies.
• ❖ Achiving an adequate return on equity, significant value for our shareholders and other business partners (such as customers, agents, reinsurers, suppliers).
• ❖ Adhering to values of transparency, honesty, fairness and high level of service to clients and agents, while promoting innovation in our services, products with an emphasis on advanced technology integration and digitalization.

High Unit Economics

Supporting Multidistribution channel

Launching products Quickly & Efficiently

Advanced technology-based insurance group

Digital Multi-Line One stop Shop

ALL-IN-ONE

Combination of personal and commercial Clients

Multi-Line and multi-channel

Group's Structure

*subject to the commissioner approval

weSure GlobalTech Journey

*Through Caesarea Medical Electronics Holdings (2000) Ltd., controlled by Tzvi and Anat Barak ("Kaiseria"). The control permit was received on May 19, 2022. 1 USD = 3.7 NIS

A multi-national Insurance &Technology Grouporganic growth alongside M&A's

The Group in Numbers (H1 2023)

~\$4.7 Billion USD Balance Sheet	~\$114 Million USD Equity		\$680 Million USD Gross Premiums
Development in new fields of activity: • Expansion the activities in the P&C sector. • Entry into the Life & Health insurance sectors; Insurance Agencies Holdings; Financing & Credit activities; Real Estate Investments - acquisition of Ayalon. • Geographic expansion to the USA	via the		Partnering with high-quality business partners and investors in Israel and abroad, including Swi & Anat Bark, LQH, AMTRUST, and others
Multi channel distribution, Efficiency and costs reducing		innovation	Connection to global digital trends and
Re-organization in the group in order to maximize synergy between the group's companies

*LQH SA, Lussemburgo Succursale di Bioggio

1 USD = 3.7 NIS

Great customer experience in Israel and abroad WeSure upgrades its customers with fair prices,

(2,745 + reviews)

WeSure provides reliable and readily available response at an excellent price, making insurance very easy to obtain through them Avner P. innovation and advantages that other insurance companies don't have Mali H.

Excellent prices and great service. A true upgrade from past experiences with other insurance companies

Gil L.

Financials

Consistent Balance Sheet Growth 2018-2023

The acquisition of Ayalon also contributed to the significant rise in the balance sheet

In M USD

*The results of Ayalon Insurance's are consolidated since June 30, 2022

1 USD = 3.7 NIS

Equity increased by 18 Times

Shareholders' equity attributed to the owners of the company in M USD

*The results of Ayalon Insurance's are consolidated since June 30, 2022 1 USD = 3.7 NIS

P&C Gross Written Premium Development

In M USD

1 USD = 3.7NIS

Gross Written Premium by Segments

After the Acquisition of Ayalon, the company's activity expanded to include Health insurance sector (both short and long term) as well as the Life insurance and Long-Term Savings sectors. It also expanded its activity in the P&C sector to the commercial insurance Lines of Business

Gross Earned Premium growth (by LOB) P&C 2022-2023 H1

In M USD

*The results of Ayalon Insurance's are consolidated since June 30, 2022

1 USD = 3.7 NIS

Gross Earned Premium growth (by LOB) P&C 2019-2022

In M USD

*The results of Ayalon Insurance's are consolidated since June 30, 2022

WeSure Global Tech – Net Profit after Tax**

*Profit attributed to the shareholders of the company **The results of Ayalon Insurance's are consolidated since June 30, 2022

1 USD = 3.7 NIS

In M USD

Pre-Tax Profit by Segments

After the Acquisition of Ayalon, the company's activity expanded to include Health insurance sector (both short and long term) as well as the Life insurance and Long-Term Savings sectors. It also expanded its activity in the P&C sector to the commercial insurance Lines of Business

In M USD

Balance Sheet Global Tech )2022-2023(

In M USD 1 USD = 3.7 NIS

	30/06/2023	30/06/2022	31/12/2022
		Assets
Financial investments for yield-bearing contracts	1,218,047	1,185,360	1,141,587
Other financial investments	1,295,811	1,116,049	1,212,550
Reinsurance assets	1,197,124	1,120,411	1,148,099
Other Assets	1,017,378	1,022,851	1,026,308
Total Assets(*)	4,728,359	4,444,671	4,528,544
		Liabilities and Surplus
Shareholders' Equity	114,263	105,216	107,191
Non controlling interest	38,020	33,599	34,921
Total Equity	152,283	138,815	142,111
Non yield-bearing contracts liabilities	2,482,181	2,268,269	2,313,467
Yield-bearing contracts liabilities	1,280,029	1,272,794	1,247,457
Financial liabilities Other Liabilities Total Liabilities, Equity and Surplus	254,119 559,748 4,728,359	266,895 497,898 4,444,671	261,310 564,198 4,528,544

USA

The market for business insurance in the US is large, fragmented, and has sagnificate business potential

#32 mln Number of SME's in USA

<30% 5 largest players market share

~50%-60% Claims to Premiums average ratio

US Operation Growth potential via international expansion

Our platform will enable us to provide high-quality customer experience in the USA like we did do in Israel

The company will have Israel as a technological hub for the R&D and testing of new products and initiatives

End to End digital processes

From the quote stage to claim handling stage

USA Expansion plan Commercial Business Owners Insurance (BOP) for SME's

* Based on an analysis by an analyst consultant

Collaboration with the American Insurance Group AmTrust

Starting in Ohio and expanding to Michigan and Indiana

תכנית ווישור גלובלטק

להתרחבות בארה"ב

Additonal Events

Additional Events

Continuing to some main developments

In January 2023, the company announced that it was starting to market its insurance products in the United States, after receiving the final regulatory approvals following the joint venture agreement and investment by AmTrust. It began operations in Ohio, its first USA state, in March 2023.

In February 2023, the company's board of directors approached the board of its subsidiary, Ayalon Insurance co, and offered to enter into negotiations regarding the possibility of Ayalon Insurance acquiring the shares of WeSure Insurance, a fully-owned subsidiary that specializes in digital insurance activity in Israel, in exchange for the allocation of Ayalon Insurance shares for the subsidiary (Push Down).

In May 2023, the merger of "Ayalon Issuance and Capital Raising Ltd." with and into Ayalon Insurance was completed, including the transfer of bonds from Ayalon Issuance to Ayalon Insurance, effective May 23, 2020

*It should be emphasized that the company's board of directors' approach to Ayalon Insurance's board of directors is a non-binding proposal to initiate negotiations and examine the possibility of entering into negotiations, and there is no certainty that the parties will enter into negotiations and/or conduct negotiations and/or that any binding agreement will be reached and/or that any transaction will be completed and on what terms. Furthermore, it is clarified that any communication between the parties, to the extent that it is formulated, will be subject to various conditional terms as agreed between the parties, including the approval of the relevant authorized bodies of each of the parties and the regulatory approvals required by law, including the approval of the Insurance and Savings Market Authority, which there is no certainty will be obtained. It is emphasized that the company's plans to conduct negotiations with Ayalon Insurance regarding the acquisition of shares and insurance coverage are in the nature of future-looking information, as defined in the Securities Law, 5728-1968, and their implementation is not certain and is not entirely within the company's absolute control. The plans, as stated, may not materialize or may materially materialize for reasons that are beyond the company's control and cannot be estimated in advance, including, among other things, due to the failure of the negotiations to reach a binding agreement and dependence on external factors

The events above are not comprehensive. For additional details, please see the company's financial reports published on the TASE website

Current Holdings structure (before a possible change of the group's structure)

*Company holdings structure, subject to the approval change in the group structure*

*The holdings percentages (if the aforementioned transaction is finalized) are not known at this stage. See note on slide 26 regarding the proposal to open negotiations and the uncertainty regarding the described change.

Main advantages in the proposed Push down by Globaltech's board to Ayalon's board

Maximizing synergies between the insurance companies of the group in Israel

Improved operational efficiency of both companies

Improvement of technological and digital capabilities for the traditional incumbent Insurer, including the addition of a separate and distinct Direct Distribution arm

Additional strengthening of Ayalon Share Capital

The plans, as stated, may or may not materialize for reasons that are beyond the company's control and the result cannot be estimated in advance, including, among other things, due to the failure of the negotiations to reach a binding agreement. For details, please see the immediate reports and other reports that were published to the public .

Thank you