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Investor Presentaiton

Rolling Correlations (USD Returns) The exhibit below shows the 3-year pairwise rolling correlations between weekly gross USD index returns of the MSCI Israel Index against select standard regional indexes. 3-Year Pairwise Rolling Correlations of Israel Against Select Regional Indexes MSCI Correlation 0.7 Reclassification to DM 0.6 0.5 0.4 0.3 0.2 0.1 0.0 '10 '11 '12 '13 '14 '15 '16 '17 '18. '19 '20 '21 World Europe Pacific EM GCC Countries Data from November 30, 2006 to November 30, 2021 in USD index returns The GCC Countries International Indexes were launched on June 4, 2015, with index levels history since June 2014. Rolling correlations in local index returns are available in the appendix. Please see the disclosure at the end of this document regarding simulated and back tested data. Information Classification: GENERAL 16
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