The Phoenix Holdings Ltd.

Capital/Financing Update • Apr 11, 2025

Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd. false

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PHOENIX FINANCIAL LTD
Corporation no: 520017450	14969
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	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	11/04/2025
	www.isa.gov.il			www.tase.co.il				Reference:	2025-01-027142	Time of broadcast: 00:06 00:06

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English language report to Israeli corporateThis form is for reports that has been translated to English (convenience translation) and should be published alongside with the report in Hebrew in accordance with the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970.

References of previous reports relating to this matter:   _________   _________   _________

Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd. The Company announce that on April 10, 2025, The Phoenix Capital Raising (2009) Ltd. ("Phoenix Capital Raising"), fully held indirectly by the Company, published Immediate Report concerning the results of tenders offered to investors, which took place on April 10, 2025,, to receive advance commitments for the purchase of bonds as part of the issuance of 2 new series of bonds (Series B16) and( Series B17) that Phoenix Capital Raising issued (on behalf of The Phoenix Insurance Company Ltd., a subsidiary of the Company). Below are the results of the tenders for classified investors: Series 16B - Applications were submitted for the purchase of NIS 638,705 thousand par value bonds, out of which Phoenix Capital Raising has received advance commitments from investors (who will be listed in the Shelf Offering Report to be published by Phoenix Capital Raising, insofar as it is published) for the purchase of NIS 496.947 thousand par value bonds with interest of 5.15%, which will be the maximum interest that the bonds will bear as part of the public offering, insofar as it occurs. Series 17B - Applications were submitted for the purchase of NIS 353,505 thousand par value bonds, out of which Phoenix Capital Raising has received advance commitments from investors (who will be listed in the Shelf Offering Report to be published by The Phoenix Capital Raising, insofar as it is published) for the purchase of NIS 189.980 thousand par value bonds with interest of 3.14%, which will be the maximum interest that the bonds will bear as part of the public offering, insofar as it occurs. It is emphasized that raising the debt, its size, structure, and timing is not certain and is subject to obtaining all the permits and approvals required by law, including the approval of the Tel Aviv Stock Exchange Ltd. for the publication of Shelf Offering Reports and for registration for trading of the bonds, approval by the Commissioner of the Capital Market Authority for the recognition of bonds as additional tier 2 capital and the approvals required by Phoenix Capital Raising. It is clarified that the abovementioned does not constitute a commitment on the part of Phoenix Capital Raising to issue the aforementioned bonds and it does not constitute any offering to the public or an invitation to purchase securities of Phoenix Capital Raising or the Company.

Attached hereto is a report on	Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd.

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	Reference to parallel Hebrew report:	2025-01-027138
	This report was not reported in Hebrew.

Details of the authorized signatories to sign on behalf of the corporation:

	Name of the signer	Corporate Role
1	Elad Sirkis	Secretary _________

Note: According to Rule 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these Regulations will be signed by the authorized persons to sign on behalf of the corporation. For the ISA staff notice Click here .2 2

note that the above report is a convenience translation only and the parallel Hebrew immediate report is the binding report.
References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
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Stock Exchange/Market: ������	Date of revision of form structure: 06/08/2024
Address: ��� ����� 53 , ������� 53454   , Tel: 03-7332997 , 03-7338174 Fax: 03-7238855
E-mail address: menin@fnx.co.il
Previous names of reporting entity: ������ ������ ��"�, ������ ������� ���� ����� ��"�
Name of the Signatory: ������ ���� Position of Signatory in the reporting corporation: Name of Employer Company: ������ ���� ������ ��"�
Address: ��� ����� 53 , ������� 5345433 Telephone: 074-7315656 Facsimile: 03-7238855 E-mail: Elads1@fnx.co.il 1