BANK LEUMI LE ISRAEL - BLMIF STOCK NEWS

Bank Leumi will announce its Q4 and Annual 2021 financial results on March 9, 2022. The event will be hosted by Hanan Friedman, President & CEO, and Omer Ziv, EVP & CFO, via a Zoom call at 5 PM Israel time (10 AM ET). Interested participants can join through a provided link and a passcode of 695233. An accompanying presentation will be available on the Israeli Securities Authority website and Bank Leumi's Investor Relations page. A recorded version will be accessible the following business day.

Bank Leumi reported a significant increase in net income for the first nine months of 2021, totaling NIS 4,558 million ($1,412 million), up from NIS 1,212 million ($375 million) in 2020. The Q3 net income was NIS 1,551 million ($480 million). The return on equity rose to 15.7%, with a Q3 figure of 16%, attributed to increased income and reduced loan loss provisions. The bank announced a dividend distribution of NIS 1,367 million ($423 million), representing 30% of its net income. Additionally, loan loss income reached NIS 729 million ($226 million), indicating a robust improvement in financial health.

Bank Leumi will release its Third Quarter 2021 financial results on November 16, 2021. The results call, hosted by Omer Ziv, EVP & CFO, is set for 5 PM Israel time, 3 PM UK, and 10 AM ET. Dial-in details include:

• Israel: 03-918-0610
• UK: 0-800-917-9141
• US & Canada: 1-888-407-2553
• Other locations: +972-3-918-0610

The accompanying presentation will be available on the Israeli Securities Authority's website and Bank Leumi's Investor Relations page. An archived recording will be accessible the following business day.

Bank Leumi has signed an agreement to merge Bank Leumi USA with Valley National Bank, valuing the former at approximately $1.2 billion. This strategic move aims to enhance Leumi's presence in the U.S. market, where it will hold over 14% of the merged entity. The deal will pay around 90% of proceeds in Valley common stock, with the remainder in cash. The merger, expected to finalize in early 2022, will create the 29th largest bank on the U.S. exchange, broadening operational capabilities in high-tech, venture capital, real estate, and private banking.

Bank Leumi reported a significant financial turnaround for H1 2021, posting a net income of NIS 3,007 million ($922 million), compared to NIS 462 million ($142 million) in H1 2020. In Q2, net income reached NIS 1,667 million ($511 million). The return on equity was 17.9% in Q2 and 16.1% for H1. A NIS 630 million ($193 million) dividend distribution was approved. The loan portfolio grew by 10.1%, driven by corporate and mortgage segments.

Bank Leumi (TASE: LUMI) will release its Second Quarter 2021 financial results on August 12, 2021. The results call, hosted by Omer Ziv, EVP & CFO, is scheduled for 5 PM Israel time, 3 PM UK, and 10 AM ET. Dial-in details include:

• Israel: 03-918-0610
• UK: 0-800-917-9141
• US & Canada: 1-888-407-2553
• Other locations: +972-3-918-0610

A presentation will be available on the Leumi website and the call will be recorded for later access.

Bank Leumi (TASE: LUMI) anticipates a pre-tax profit of approximately NIS 253 million from its investment in ironSource following its IPO on NASDAQ. The bank sold 1,290,230 shares during the merger with Thoma Bravo Advantage, accounting for NIS 39 million of the profits, with NIS 214 million from a revaluation of its remaining stake. Leumi Partners, under Avi Ortal, will retain about 0.75% of ironSource's shares, which are subject to a 6-month contractual restriction. The bank also expects additional profits from its investment in Retailors.

Bank Leumi reported a strong first quarter for 2021, achieving a net income of NIS 1,340 million ($402 million), significantly improving from a loss of NIS 232 million in Q1 2020. The return on equity surged to 15%, compared to -2.6% a year earlier. The loan portfolio grew by 4.1%, with corporate loans increasing by 9.6%. Net interest income rose to NIS 2,348 million (+8.3%), while loan loss income was NIS 212 million, a turnaround from significant losses last year. Overall, a robust financial performance reflected by key metrics.

Leumi Partners Ltd., a subsidiary of Bank Leumi, exercised its option to invest in Retailors Ltd. on May 13, 2021. The shares acquired will be sold under an IPO prospectus published the same day, aiming for completion on May 18, 2021. This move is expected to record a pre-tax profit of NIS 90 million for Bank Leumi. Post-IPO, Leumi Partners will own 6.81% of Retailors' shares, which will be restricted for up to 18 months following the listing.