The Phoenix Holdings Ltd.

Board/Management Information • Oct 16, 2024

Re: Ceased to serve as directors of the Company and a subsidiary - Mr. Eliezer Yones and Mr. Yitzhak Cohen The Company announce that on October 14, 2024, Mr. Eliezer Yones, Mr. Yitzhak Shukri Cohen and Ms. Giorgia Rudigri ceased to serve as directors of The Phoenix Insurance Company Ltd., (subsidiary) in accordance with the provisions of the holding permit granted to the former controlling shareholders of the Company, Centerbridge Capital Partners III Cayman Fund (LP) and Point Capital Gallatin Fund (the "Funds") by the Capital Market, Insurance and Savings Authority in April 2024. For further details on the main points of the permit, see the Company's immediate report dated April 21, 2024 (reference number: 2024-01-044958).At the same time, Mr. Eliezer Younes and Mr. Yitzhak Shukri Cohen also ceased to serve as directorsof the Company. For more details, see the Company's Immediate Report dated October 14, 2024 (reference number: 2024-01-610485). 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:	15/10/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-611233	Time of broadcast: 23:02 23:02

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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: Ceased to serve as directors of the Company and a subsidiary - Mr. Eliezer Yones and Mr. Yitzhak Cohen The Company announce that on October 14, 2024, Mr. Eliezer Yones, Mr. Yitzhak Shukri Cohen and Ms. Giorgia Rudigri ceased to serve as directors of The Phoenix Insurance Company Ltd., (subsidiary) in accordance with the provisions of the holding permit granted to the former controlling shareholders of the Company, Centerbridge Capital Partners III Cayman Fund (LP) and Point Capital Gallatin Fund (the "Funds") by the Capital Market, Insurance and Savings Authority in April 2024. For further details on the main points of the permit, see the Company's immediate report dated April 21, 2024 (reference number: 2024-01-044958). At the same time, Mr. Eliezer Younes and Mr. Yitzhak Shukri Cohen also ceased to serve as directorsof the Company. For more details, see the Company's Immediate Report dated October 14, 2024 (reference number: 2024-01-610485).

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	Reference to parallel Hebrew report:	2024-01-610521
	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 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