POLICY - May 2022

Migdal is leading the New World of Investments Midgal is the first large company in Israel to adopt the ESG policy (Environmental, Social and Governance) of company accountability for management of entire investment portfolios. • Migdal will work towards investing over 3 million shekels annually in NET POSITIVE investments. • Midgal will pull out of investments that are inconsistent with ESG policies at a rate of at least 10% per year. Migdal Insurance Company, Ltd. Migdal Makefet Pension Funds and Provident Funds, Ltd. The aforementioned is subject to the companies investment policies and does not constitute advice or recommendations to take or avoid action.

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