The Phoenix Holdings Ltd.

Legal Proceedings Report • Jun 7, 2024

Re: A Claim and a Motion to Certify the Claim as a Class Action Against The Phoenix Insurance Company Ltd. and The Phoenix Pension & Provident Fund Ltd. (subsidiaries) The Company announce that a lawsuit has been filed against the Company's subsidiaries, The Phoenix Insurance Company Ltd. and The Phoenix Pension and Provident Fund Ltd. (The "Phoenix") and against the Direct Financing Company of the Direct Group (2006) Ltd. ("Direct Financing") and against two additional credit companies (hereafter together: "the Defendants"), alongside with a request for approval it as a class action, in the Central District Court (hereafter together: "the Claim").The subject of the Claim is that, as part of the enforcement procedures taken by the Defendants to collect debt for loans from credit companies that were taken out by borrowers (such as the plaintiff) and against which the borrowers would pawn their vehicles, unreasonable expenses were imposed on the borrowers. In relation to Phoenix, the claim relates to loan agreements granted by Direct Financing and which were assigned to Phoenix, while their management remains in the hands of Direct Financing.The plaintiff stated that the damage estimated by him to all the members of the group, in relation to all the Defendants, is over NIS 2.5 million, while in relation to some of the members of the group, the alleged damage attributed to Direct Financing and Phoenix is ??about NIS 17.95 million.At this stage, Phoenix is ??studying the details of the Claim and the extent of its liability, and therefore the chances of its approval as a class action cannot be estimated, and if it is approved, its chances of success cannot be estimated. 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:	07/06/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-058147	Time of broadcast: 02:31 02:31

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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. and The Phoenix Pension & Provident Fund Ltd. (subsidiaries) The Company announce that a lawsuit has been filed against the Company's subsidiaries, The Phoenix Insurance Company Ltd. and The Phoenix Pension and Provident Fund Ltd. (The "Phoenix") and against the Direct Financing Company of the Direct Group (2006) Ltd. ("Direct Financing") and against two additional credit companies (hereafter together: "the Defendants"), alongside with a request for approval it as a class action, in the Central District Court (hereafter together: "the Claim"). The subject of the Claim is that, as part of the enforcement procedures taken by the Defendants to collect debt for loans from credit companies that were taken out by borrowers (such as the plaintiff) and against which the borrowers would pawn their vehicles, unreasonable expenses were imposed on the borrowers. In relation to Phoenix, the claim relates to loan agreements granted by Direct Financing and which were assigned to Phoenix, while their management remains in the hands of Direct Financing. The plaintiff stated that the damage estimated by him to all the members of the group, in relation to all the Defendants, is over NIS 2.5 million, while in relation to some of the members of the group, the alleged damage attributed to Direct Financing and Phoenix is ??about NIS 17.95 million. At this stage, Phoenix is ??studying the details of the Claim and the extent of its liability, and therefore the chances of its approval as a class action cannot be estimated, and if it is approved, its chances of success cannot be estimated.

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	Reference to parallel Hebrew report:	2024-01-057640
	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 June 5, 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: 07/05/2024
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