The Phoenix Holdings Ltd.

Legal Proceedings Report • Jul 25, 2024

Re: District Court issues a ruling approving withdrawal a request to certify a lawsuit as a class action against The Phoenix Insurance Company Ltd.(subsidiary). The Company announces that on July 16, 2024, the District Court issued a ruling approving the withdrawal of the plaintiffs' request to certify the lawsuit as a class action. The lawsuit was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), as well as against additional insurance companies (hereinafter collectively the "Defendants"). The lawsuit concerned allegations of overcharging policyholders and the breach of the Defendants' enhanced duties, including the duty to proactively disclose information regarding the possibility of updating age and/or driving experience upon crossing an age threshold and/or qualifying for a reduction in the insurance premium. The plaintiffs claimed that there is an industry practice in vehicle insurance to allow updating insurance coverage during the policy period and to receive a premium refund based on the updated age and/or driving experience (see immediate report from January 8, 2017 (Reference No. 2017-01-002650) and Note 43A1(11) in the company's financial statements as of December 31, 2023, published on March 27, 2024 (Reference No. 2024-01-026677)).Thus, this legal proceeding has concluded.. false

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THE PHOENIX HOLDINGS LTD
Corporation no: 520017450	14969
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	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	25/07/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-076611	Time of broadcast: 21:29 21:29

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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: District Court issues a ruling approving withdrawal a request to certify a lawsuit as a class action against The Phoenix Insurance Company Ltd.(subsidiary). The Company announces that on July 16, 2024, the District Court issued a ruling approving the withdrawal of the plaintiffs' request to certify the lawsuit as a class action. The lawsuit was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), as well as against additional insurance companies (hereinafter collectively the "Defendants"). The lawsuit concerned allegations of overcharging policyholders and the breach of the Defendants' enhanced duties, including the duty to proactively disclose information regarding the possibility of updating age and/or driving experience upon crossing an age threshold and/or qualifying for a reduction in the insurance premium. The plaintiffs claimed that there is an industry practice in vehicle insurance to allow updating insurance coverage during the policy period and to receive a premium refund based on the updated age and/or driving experience (see immediate report from January 8, 2017 (Reference No. 2017-01-002650) and Note 43A1(11) in the company's financial statements as of December 31, 2023, published on March 27, 2024 (Reference No. 2024-01-026677)). Thus, this legal proceeding has concluded. .

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	Reference to parallel Hebrew report:	2024-01-074904
	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 July 21, 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: 18/06/2024
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