Material shareholders of Discount Bank

Israel Discount Bank Ltd. ("the Bank") has no controlling interest, therefore no one may be appointed to serve as a member of the Bank’s Board of Directors if - in the two years prior to the appointment date or as of and subsequent to the appointment date, in person or through anyone with whom they are in close contact - they have a connection with the Bank or with a corporation controlled by the Bank, with an officer of the Bank or with a "material shareholder" (as this term is defined in the Banking Ordinance), nor anyone who, as of and subsequent to the appointment date, has a connection with a relative of an officer of the Bank (as this term is defined in the Companies Ordinance, including any other employee directly subordinate to such officer), with a relative or partner of a "material shareholder".

For information regarding senior officers of the Bank, see immediate reports on senior officers of the Bank, issued on the ISA distribution website and on the Tel Aviv Stock Exchange Ltd. website.