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Leumi Investment Services Inc. (LISI) accepts responsibility in the U.S. for the content of this research report prepared by its non-US affiliate, Bank Leumi Ie-Israel B.M. (Bank Leumi). U.S. persons—other than U.S.-registered broker-dealers and U.S.-regulated banks—receiving and/or accessing this report and wishing to effect transactions in any security discussed herein should do so with LISI in the United States.

The view(s) expressed in this Research Report accurately reflect the analyst(s)’ personal view(s)

The research analysts responsible for the preparation of this report receive compensation based upon various factors, including the quality and accuracy of research, client feedback, competitive factors, and overall firm revenues.

Bank Leumi Le Israel BM does not trade as principal in the securities or derivatives of the issuers that are the subject of this report.

Bank Leumi Le Israel BM does not have significant holdings in the securities mentioned in this report.

Bank Leumi Le Israel BM does not act as a market maker or liquidity provider in the securities of the subject issuer(s) mentioned in this report.

Bank Leumi Le Israel BM has not had an investment banking services client relationship during the past 12 months with the issuer(s) mentioned in this report and does not expect to have one in the next 3 months.

Bank Leumi Le Israel BM has not had a non-investment banking services client relationship during the past 12 months with the issuer(s) mentioned in this report.