The Phoenix Holdings Ltd.

Legal Proceedings Report • Jan 30, 2025

Re: A Claim and a Motion to Certify the Claim as a Class Action Against The Phoenix Insurance Company Ltd. (subsidiary) - Immediate Report Notice is hereby given that a claim has been filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance") along with a request to approve the lawsuit as a class action, in the Central District Court ("Lawsuit"). The subject of the Lawsuit is the claim that Phoenix Insurance is unlawfully rejecting "image-guided injections" claims of all types, allegedly due to a lack of insurance coverage and/or paying an amount lower than the insured's entitlement for such claims. This relates to health insurance policies that include surgery coverage and extensions for surgery-replacing treatments. it is claimed that the total damage to all group members cannot be estimated at this stage, but the plaintiff noted that the estimated damage exceeds NIS 2.5 million.The plaintiff noted that a similar request for certification of a class action is pending against four other insurance companies. At this stage, Phoenix Insurance is studying the details of the Lawsuit, and therefore, it is not possible to assess the chances of its certification as a class action, and if certified, it is not possible to assess the chances of its success. 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:	30/01/2025
	www.isa.gov.il			www.tase.co.il				Reference:	2025-01-007843	Time of broadcast: 14:57 14:57

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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:   _________   _________   _________

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Attached hereto is a report on

Re: A Claim and a Motion to Certify the Claim as a Class Action Against The Phoenix Insurance Company Ltd. (subsidiary) - Immediate Report Notice is hereby given that a claim has been filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance") along with a request to approve the lawsuit as a class action, in the Central District Court ("Lawsuit"). The subject of the Lawsuit is the claim that Phoenix Insurance is unlawfully rejecting "image-guided injections" claims of all types, allegedly due to a lack of insurance coverage and/or paying an amount lower than the insured's entitlement for such claims. This relates to health insurance policies that include surgery coverage and extensions for surgery-replacing treatments. it is claimed that the total damage to all group members cannot be estimated at this stage, but the plaintiff noted that the estimated damage exceeds NIS 2.5 million. The plaintiff noted that a similar request for certification of a class action is pending against four other insurance companies. At this stage, Phoenix Insurance is studying the details of the Lawsuit, and therefore, it is not possible to assess the chances of its certification as a class action, and if certified, it is not possible to assess the chances of its success.

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	Reference to parallel Hebrew report:	2025-01-007800
	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 January 30, 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