Investor PresentationMarch 31, 2017

Investments Ltd

I.D.

I.D.Meitav Dash is a public company with extensive experience and expertise in asset management.Meitav Dash is one of the two leading investment firms in Israel, with total assets under management of NIS 126 billion.

A1

125

NIS Million

NIS MillionAs at 30.3.17

BondRating

In theTA-125Index

ShareholdersEquity

MarketValue

Total AssetsUnderManagement

DividendDistributionPolicy

770As at 31.3.17

1,042

NIS Billion

At least of net profit

126

50%As at 31.3.17

BRM28.26%

Zvi Stepak27.16%

Shares heldby the public37.96%

As at 31.3.17

Shareholders

Range of Products and Services

CoreActivitiesAUM as at 31.3.17 in NIS Billion

27.3ETNs

Provident Funds, Study Fundsand Pension Funds

27.9 48.618.3

Mutual Funds

Portfolio Management

OtherActivities Meitav Dash Capital Markets College

Meitav Dash TradeMeitav Dash BrokerageMeitav Dash Global Markets

Peninsula - SME Credit E-Loan - Consumer Credit Insurance Agencies

Revenue in Q1 2017

Other =Insurance Agencies , College, Global Markets, etc.

Provident Funds,Study Funds

and Pension FundsNIS 83million

%37

Mutual Funds& Portfolio

ManagementNIS 55million

25%

ETNsNIS 31million

14%

OtherNIS 22 million

10%

223TotalRevenue

NIS Million

Trade & BrokerageNIS 19 million 8%

PeninsulaNIS 13million

6%

Selected Financial Data

Q1-20172016Q4-2016Q1-2016NIS million

122,122115,691115,691116,267AUM

223775197182Revenue

168592164138Total expenses

632074050EBITDA

612083849Normalized EBITDA

421342335FFO

351122331Profit excludingamortization

26881626Profit for the period

EBITDA Q1 2017

43Profit before tax

14Depreciation and amortization

6Financing expenses, net

63EBITDA

FFO Q1 2017

26Profit for the period

14Depreciation and amortization

(2)Revaluation of debentures

4Other

42FFO

1. Core activities: mutual funds, provident funds, study funds and pension funds, ETNs and portfolio management

1

Growth Engines

Credit Insurance Digital

Strategic Partners • Digital Pension Funds• Digital Study Funds• Digital Inv. Provident Funds

Share Acquisition Deal- Meitav Dash Investments Ltd. (“The Company”)• On 30.11.16, the Company signed a merger agreement with the XIO Fund (“The Fund”), in which the Fund will acquire the entire issued and paid-up share capital of the Company,

in way of a reverse triangular merger (“The Acquisition Deal”). Within the deal’s framework, the Company’s shares shall be acquired from the Company’s shareholders, in exchange for payment through one of the following alternatives, at the shareholders’ choosing: (a) “The cash alternative”- a cash payment of 22 NIS per share; or (b) “The other alternative”- a combined payment, totaling 27.4 NIS per share, out of which, 13.7 NIS shall be paid in cash, and the shareholder shall receive one non-tradable debenture, to be issued by a fully owned subsidiary of the Fund, with a principal amount of 13.7 NIS per share. The debenture component of the other alternative shall be paid in three payments within one year, two years and three years, from the closing date of the Acquisition Deal, and shall have an annual interest rate of 2%, that shall be paid in one payment, within three years of the closing date of the Acquisition Deal. Notwithstanding the abovementioned, in certain circumstances, some of the debenture’s principal payments may be postponed to a period within five years of the closing date of the Acquisition Deal.

• According to the Acquisition Deal’s terms, the payment of the cash alternative and the cash component of the other alternative, may be adjusted prior to the closing date of the Acquisition Deal, due to a deviation of the Company’s net financial debt goal for the closing date, as was determined in the Acquisition Deal. Furthermore, an amount no larger than 20% of the last principal payment of the debenture component of the other alternative may be setoff from said payment, due to payments that may arise from court procedures that have been mentioned in the Acquisition Deal agreement and as a result of losses that may derive from some of the Company’s hedging transactions .

• The Acquisition Deal’s closing and completion is subject to a number of pending warranties, including the approval of the Acquisition Deal by the Company’s general shareholders assembly and the acceptance of regulatory confirmations required for the undertaking of the Acquisition Deal, including controlling permits of the Company. It should be clarified, that as of this day, there is no guarantee that all required regulatory approvals shall be received, or that all pending warranties shall be executed, for the closing and completion of the Acquisition Deal. Therefore, there is no certainty that the Acquisition Deal shall be completed.

• For details regarding the breach notice the Company submitted to the XIO Fund, due to the lack of submission of all the required requests, in order to receive the regulatory approvals required to complete the transaction, the period in which the XIO Fund may remedy the violations of the merger agreement and the notice given to the Company by the XIO Fund according to which, the XIO Fund is acting towards submitting all said applications, see the Company's immediate reports dated: April 27, 2017, reference no. 2017-01-043437 and dated March 19, 2017, reference no. 2017-01-025404, respectively.

• For further details regarding the Acquisition Deal and the Acquisition Deal’s terms and conditions, please see the Company’s immediate report from 1.12.16, reference number: 2016-01-135283 (http://maya.tase.co.il).

• The XIO Fund is a global private investment fund, situated in London, that manages an approximate capital of 5 billion USD, designated for global investments. The Fund operates in Britain, USA, Germany, Switzerland, Israel, Hong-Kong and China, and it’s managers are veterans of the global investments industry.

Acquisition by XIO

Segments Analysis

Provident Funds, Study Funds & Pension Funds

AUMProvident FundsNIS 20.2 billionStudy FundsNIS 21.8 billionPension FundsNIS 6.6 billion

48.6 10 3%AUM in NIS Billion Market share

• On January 1, 2017, NIS 7.5 billion of Ayalon Provident Funds and Pension Funds assets were merged. Currently the largest pension fund among the investment houses, with assets of more than NIS 6 billion and annual deposits of over NIS 1 billion.

• Elected by the MOF in Nov. 2016 as managers of the default pension fund with over 20,000 new savers added since.

Q1-20172016Q4-2016Q1-2016NIS million

48,63041,45241,45240,587AUM

862806971Revenue

0.68%0.68%0.67%0.70%Annualized Management Fees

1044414Operating Profit

As at 31.3.17

ETNs

27 3AUM in NIS Billion

29 4%Market share

• Largest ETN company in Israel in terms of AUM

• Wide range of products, professionalism and high trading capabilities

As at 31.3.17

Q1-20172016Q4-2016Q1-2016NIS million

27,23928,13628,13629,417AUM

311242830Revenue

0.45%0.42%0.39%0.40%Annualized Management Fees

14591015Operating Profit

Mutual Funds & Portfolio Management

27 9NIS Billion

12 7%Market share

18 3NIS Billion

AUM Mutual FundsTraditional FundsNIS 20.2 billionMoney Market FundsNIS 4.9 billionTracking FundsNIS 2.8 billion

Q1-2017

2016Q4-2016

Q1-2016

NIS million

27,92127,48527,48527,224AUM Mutual Funds

18,34818,61818,61819,039AUM Portfolio Management

552115252Revenue

0.90%0.89%0.87%0.89%Annualized management fees from traditional funds*

0.16%0.17%0.16%0.17%Annualized management fees from money market funds

0.32%0.34%0.33%0.34%Annualized management fees from portfolio management

20751918Operating profit

*Excluding tracking funds

As at 31.3.17

Portfolio Management

Financial Statements

Balance Sheet (In NIS millions)

As atMarch 31,

2017

As atDecember

31,2016

568449Cash and short-term investments

27,81928,608Current investments to cover ETNs

597576Other current assets

28,98429,633Total current assets

142128Long term investments

1,2121,109Fixed assets and intangible assets

2022Deferred taxes

30,35830,892Total assets

As atMarch 31,

2017

As atDecember 31,

2016

554507Credit from banks and others

27,20828,104ETNs, liabilities and deposit

589484Current liabilities of special purposesubsidiaries to coverETNs, liabilities anddeposit

8641Liabilities for short sale of securities

227165Trade and other payables

28,66429,301Total current liabilities

113117Loans from banks

494495Debentures

202212Other long term liabilities

770699Equity

11568Non-controlling interests

30,35830,892Total liabilities and equity

Debt to EBITDA

excludingPeninsula

DebtexcludingPeninsula

Debt toEBITDA

Debt

1.12862.7679Net*

2.97304.61,161Gross

*Including liabilities for short sale of securities.

Profit and Loss (in NIS millions)

Q12017

2016Q4-2016

Q1-2016

210749184182Revenues from management fees, commissions, ETN and other

132613-Revenues from Peninsula

223775197182Total Revenues

168592164138General and administrative expenses, marketing, sales, andfinancing expenses from Peninsula.

551833344Operating income

1(1)(2)-Profit (loss) from securities held for investmentpurposes in nostro portfolio, net

(6)(31)(7)(2)Financing expenses, net

(8)(24)(6)(5)Other expenses, net

1622Company's share in earnings in equity accounted investees

431132039Profit before taxes on income

1745413Taxes on income

26881626Profit for the period

This presentation was prepared by Meitav Dash Investments Ltd (hereinafter: the “Company” or “Meitav Dash”) and isintended for institutional investors only. This presentation does not comprise an opinion, suggestion, recommendation, oradvice / marketing for purchase and / or holding and /or sale of securities and / or financial assets (including securities of theCompany and / or financial assets issued by Companies in the Meitav Dash Group). The presentation is not a substitute foradvice / investment marketing or counseling / pension marketing that takes into consideration the special needs of eachperson.

This presentation is intended only for delivery and presentation of information provided and its presentation does not replacethe need to review reports published by the Company to the public. That shown is the opinion of the authors alone andreflects their understanding at the date of the presentation. The data, information, and analysis set forth, including the viewsexpressed, in this presentation, may change without notice.

Certain matters discussed in this presentation, including projections, objectives, assumptions, estimates and other informationrelating to future events and / or future matters whose occurrence is uncertain and is not controlled by the Company,including, but not limited to, information regarding the signing of the share acquisition deal, as described in slide 8 of thispresentation, and information in connection with a forecast of revenues and profitability, are all forward-looking statements asdefined in the Securities Law, 1968, that is based on the subjective assessments of the Company’s management based on dataand information held by the Company at the date of preparation of the presentation. Realization or non-realization of forward-looking statements will be affected by, among other things, risk factors characterizing the activity of the Company and,developments in the general environment and external factors affecting the activity of the Company, which cannot beestimated in advance and are not under the control of the Company. The Company’s operating results may differ materiallyfrom estimated or implicit results stated in the presentation.

Thank you

www.meitavdash.co.ilChampionTower, 30DerekhSheshetHayamin, BneiBrak

Phone: 972-3-7903000 Fax: 972-3-7778001