Holding(s) in Company

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Mirland Development Corporation Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Clal Insurance Enterprises Holdings Ltd.

4. Full name of shareholder(s)  (if different from 3.):iv

N/A

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

3 December 2014

6. Date on which issuer notified:

11 April 2016

7. Threshold(s) that is/are crossed orreached: vi, vii

Above 6%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares

3,975,260

3,975,260

N/A

N/A

6,349,520

N/A

6.13%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,349,520

6.13%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Clal Insurance Enterprises Holdings Ltd. ("Clal") indirectly controls the voting rights attached to a total of 6,349,520 ordinary shares in Mirland Development Corporation Plc ("Mirland") through various of its controlled undertakings, as stated below:

(a) Clal Insurance Company Ltd - 2,781,634 ordinary shares;

(b) Clal Pension and Provident Funds Ltd - 3,398,673 ordinary shares; and

(c) Atodut Pension Fund for Salaried Employees and Self Employed Ltd1 - 169,213 ordinary shares.

The 6,349,520 ordinary shares represent 6.13% of the voting rights attached to Mirland's shares (based on the total number of issued shares in Mirland being 103,558,005 ordinary shares).

The 6,349,520 Ordinary Shares are held for members of the public through, among others, provident funds and/or pension funds and/or insurance policies, which are managed by subsidiaries of Clal, which subsidiaries operate under independent management and make independent voting and investment decisions.

1 Clal holds a 50% interest in this company.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Adi Barkan Stern

Company Secretary

Clal Insurance Enterprises Holdings Ltd

15. Contact telephone number:

+972-3-6387634