The Phoenix Holdings Ltd.

Legal Proceedings Report • Nov 24, 2024

Re:Tel Aviv Regional Labor Court issued a judgment approving an agreed request to withdraw from a motion to certify a class action against The Phoenix Pension & Provident Ltd. (subsidiary)The Company announce that on November 19, 2024, the Central Tel Aviv 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, The Phoenix Pension & Provident Ltd. ("Phoenix Pension & Provident"). It is note that the motion was issued against another management company. The lawsuit concerns the claim that with regard to CPI-linked loans, there been adopted practice of a one-way linkage mechanism, whereby when the CPIincreases compared with the base index, the customer�s monthly payment is increased accordingly, and when the CPI decreases, the monthly payment does not change despite the fact that thisis not mentioned in the provisions of the agreement (see details in the immediate report dated May 22, 2022 (reference number 2022-01-061459) and in Note 43a1(42) to the Company's annual financial statements as of December 31, 2023, published on March 27, 2024 (reference number 2024-01-026677).This concludes the proceeding against The Phoenix Pension & Provident. 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:	24/11/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-617991	Time of broadcast: 09:37 09:37

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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:Tel Aviv Regional Labor Court issued a judgment approving an agreed request to withdraw from a motion to certify a class action against The Phoenix Pension & Provident Ltd. (subsidiary) The Company announce that on November 19, 2024, the Central Tel Aviv 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, The Phoenix Pension & Provident Ltd. ("Phoenix Pension & Provident"). It is note that the motion was issued against another management company. The lawsuit concerns the claim that with regard to CPI-linked loans, there been adopted practice of a one-way linkage mechanism, whereby when the CPI increases compared with the base index, the customer�s monthly payment is increased accordingly, and when the CPI decreases, the monthly payment does not change despite the fact that this is not mentioned in the provisions of the agreement (see details in the immediate report dated May 22, 2022 (reference number 2022-01-061459) and in Note 43a1(42) to the Company's annual financial statements as of December 31, 2023, published on March 27, 2024 (reference number 2024-01-026677). This concludes the proceeding against The Phoenix Pension & Provident.

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	Reference to parallel Hebrew report:	2024-01-617204
	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 November 20, 2024 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