ISRAEL DISCOUNT BANK LTD.

Registration no. 520007030

T121

Public

The securities of the corporation are listed for trading on the Tel Aviv Stock Exchange

Abbreviated name: Discount

Address: 23 Yehuda Halevi St., Tel Aviv 6513601, Israel Tel: 972-3-5145582; 972-3-5145544; Fax: 972-3-5171674 e-mail: michal.sd@discountbank.co.il

Transmission date: July 23, 2015

Reference: 2015-01-081372

Israel Securities Authority Tel Aviv Stock Exchange Ltd.

www.isa.gov.il www.tase.co.il

Immediate Report

Nature of the event: Declaration of Labor Dispute

On July 23, 2015 a notice was delivered to the bank from the Union of Clerical, Administrative and Public Sector Employees, that a labor dispute has been declared at Bank Discount, in accordance with section 5A and 5B of the Labor Disputes Settlement Law, 5717- 1957, and the regulations pursuant to it.
According to the notice, the strike is set to commence on August 9, 2015 or any date thereafter to which it is postponed.

The date when the Corporation first learned of the event: July 23, 2015 at 15:00

The Report has been signed on behalf of the Corporation, in accordance with Regulation 5 of the Securities Regulations (Periodic and Immediate Reports), 5730-1970, by Adv. Esther Deutsch, Senior Vice President, the Head Legal Counsel, and Yafit Gheriani, Vice President, Head of the Human Resources and Assets Department.

Reference numbers of previous documents relating to this topic (their mention does not constitute their inclusion by way of reference):

Prior names of the reporting entity:

Date of updating structure of form: June 3, 2015

Name of person making electronic report: Sokolov-Danoch, Michal; Position: Corporate Secretary

Name of Employing Company:

23 Yehuda Halevi St., Tel Aviv 6513601, Israel, Tel: 972-3-5145582; Fax: 972-3-5171674 e-mail: michal.sd@discountbank.co.il

Israel Discount Bank's Immediate Reports are published in Hebrew on the website of the Israel Securities Authority and the Tel Aviv Stock Exchange. The English translation is prepared for convenience purposes only. In the case of any discrepancy between the English and Hebrew versions, the Hebrew will prevail.

1

distributed by