The Phoenix Holdings Ltd.

Legal Proceedings Report • May 29, 2024

Re: A decision by the Supreme Court dismissing motion for leave to appeal filled by The Phoenix Insurance Company Ltd. (Subsidiary)On May 23, 2024, a decision was issued by the Supreme Court dismissing the motion for leave to appeal granting the motion to certify the claim as a class action. Under the certification decision, while preserving the parties' arguments, filed by a subsidiary of the Company, the Phoenix Insurance Company Ltd. (the "Phoenix Insurance"), on the District Court's decision in which the class action was approved against Phoenix Insurance and four other insurance companies (the "Defendants"), which concerns, on the grounds that in the event of vehicle theft or total loss as a result of an accident, the Defendants do not reimburse the policyholders for the proportion share of the insurance premiums they paid for service contracts (road services, windshield repair, towing, etc.) in respect of the period subsequent to the theft or total loss despite the fact that the rider is canceled and the risk covered by it no longer exists (see detailed in the immediate report of February 1, 2024 (reference number 2024-01-010387) and in note 43A1(21) To the Company's financial statements for December 31, 2023, (reference number 2024-01-026677).In light of the foregoing, the class action on its merits continues in the District Court. 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:	29/05/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-056346	Time of broadcast: 17:07 17:07

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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 decision by the Supreme Court dismissing motion for leave to appeal filled by The Phoenix Insurance Company Ltd. (Subsidiary) On May 23, 2024, a decision was issued by the Supreme Court dismissing the motion for leave to appeal granting the motion to certify the claim as a class action. Under the certification decision, while preserving the parties' arguments, filed by a subsidiary of the Company, the Phoenix Insurance Company Ltd. (the "Phoenix Insurance"), on the District Court's decision in which the class action was approved against Phoenix Insurance and four other insurance companies (the "Defendants"), which concerns, on the grounds that in the event of vehicle theft or total loss as a result of an accident, the Defendants do not reimburse the policyholders for the proportion share of the insurance premiums they paid for service contracts (road services, windshield repair, towing, etc.) in respect of the period subsequent to the theft or total loss despite the fact that the rider is canceled and the risk covered by it no longer exists (see detailed in the immediate report of February 1, 2024 (reference number 2024-01-010387) and in note 43A1(21) To the Company's financial statements for December 31, 2023, (reference number 2024-01-026677). In light of the foregoing, the class action on its merits continues in the District Court.

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	Reference to parallel Hebrew report:	2024-01-053805
	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 May 26, 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