The Phoenix Holdings Ltd.

Legal Proceedings Report • Feb 18, 2025

Re: Tel Aviv-Jaffa Regional Labor Court issued a judgment approving an agreed request to withdraw from a motion to certify a class action against Phoenix Insurance Company Ltd (subsidiary).The Company announce that on February 16, 2025, the Tel Aviv-Jaffa Regional Labor Court issued a judgment approving the plaintiff's agreed request to withdraw from the motion to certify a class action against the Company's subsidiary, Phoenix Insurance Company Ltd. ("Phoenix Insurance"). It should be noted that the motion to certify the class action was also filed against another insurance company. The lawsuit concerns the claim that the defendants allegedly overcharge amounts in loan agreements they make with their customers, due to a one-way linkage mechanism in the agreements. According to this mechanism, in the event that the index rises above the base index, the defendants collect the linkage differentials resulting from the increase, while in the opposite case, where the index falls below the base index, the defendants do not credit their customers accordingly. (see details in the immediate report dated June 25, 2020 (reference number 2020-01-066678) and in Note 7a1(5) to the Company's financial statements as of September 30, 2024, published on November 27, 2024 (reference number 2024-01-619208)).This concludes the proceedings against Phoenix Insurance. false

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PHOENIX FINANCIAL LTD
Corporation no: 520017450	10820
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	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	18/02/2025
	www.isa.gov.il			www.tase.co.il				Reference:	2025-01-011254	Time of broadcast: 08:43 08:43

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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:   _________   _________   _________

_________

Attached hereto is a report on

Re: Tel Aviv-Jaffa Regional Labor Court issued a judgment approving an agreed request to withdraw from a motion to certify a class action against Phoenix Insurance Company Ltd (subsidiary). The Company announce that on February 16, 2025, the Tel Aviv-Jaffa Regional Labor Court issued a judgment approving the plaintiff's agreed request to withdraw from the motion to certify a class action against the Company's subsidiary, Phoenix Insurance Company Ltd. ("Phoenix Insurance"). It should be noted that the motion to certify the class action was also filed against another insurance company. The lawsuit concerns the claim that the defendants allegedly overcharge amounts in loan agreements they make with their customers, due to a one-way linkage mechanism in the agreements. According to this mechanism, in the event that the index rises above the base index, the defendants collect the linkage differentials resulting from the increase, while in the opposite case, where the index falls below the base index, the defendants do not credit their customers accordingly. (see details in the immediate report dated June 25, 2020 (reference number 2020-01-066678) and in Note 7a1(5) to the Company's financial statements as of September 30, 2024, published on November 27, 2024 (reference number 2024-01-619208)). This concludes the proceedings against Phoenix Insurance.

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	Reference to parallel Hebrew report:	2025-01-011020
	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 attached report is a convenience translation only and the parallel Hebrew immediate report, which was published on February 17, 2025, 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 , ������� 53454 Telephone: 03-7332997 Facsimile: 03-7238831 E-mail: menin@fnx.co.il 1