The Phoenix Holdings Ltd.

Legal Proceedings Report • May 30, 2024

Re: A Claim and a Motion to Certify the Claim as a Class Action Against The Phoenix Insurance Company Ltd. (subsidiary) - Immediate ReportThe Company announce that a claim has been filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), and against seven other insurance companies (hereinafter, collectively: the "Defendants") together with a request for approval it as a class action, in the Haifa District Court ("Claim").The Claim concerns that the policyholders who hold a service contracts for repairing windshields and who operated the service contracts, were not inspected and/or calibrated by the windshield installers on behalf of the Defendants as part of the process of replacing the windshield and to the extent that such inspection and/or calibration was performed, they were charged an additional fee for this. In addition, it is alleged that the Defendants failed to inform the policyholders at the time of purchasing the service contract that the coverage would not include inspection and calibration of the safety system during the replacement of the windshield.The plaintiffs noted that the damage they estimated to all members of the group is well over NIS 2.5 million (to all the Defendants), while in relation to some members of the group, it was claimed that the damage estimate is NIS 27 million per year (when they claim that this is a period of seven years) (relative to all the Defendants).The plaintiffs noted that there are two claim motions pending to be certified as class actions (one of them also against Phoenix Insurance) that raise similar legal questions.At this stage, Phoenix Insurance is studying the details of the lawsuit, and therefore it is not possible to assess the chances of its approval as a class action, and if it is approved, it is not possible to assess its chances of success. 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:	2024-01-056607	Time of broadcast: 23:55 23:55

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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: A Claim and a Motion to Certify the Claim as a Class Action Against The Phoenix Insurance Company Ltd. (subsidiary) - Immediate Report The Company announce that a claim has been filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), and against seven other insurance companies (hereinafter, collectively: the "Defendants") together with a request for approval it as a class action, in the Haifa District Court ("Claim"). The Claim concerns that the policyholders who hold a service contracts for repairing windshields and who operated the service contracts, were not inspected and/or calibrated by the windshield installers on behalf of the Defendants as part of the process of replacing the windshield and to the extent that such inspection and/or calibration was performed, they were charged an additional fee for this. In addition, it is alleged that the Defendants failed to inform the policyholders at the time of purchasing the service contract that the coverage would not include inspection and calibration of the safety system during the replacement of the windshield. The plaintiffs noted that the damage they estimated to all members of the group is well over NIS 2.5 million (to all the Defendants), while in relation to some members of the group, it was claimed that the damage estimate is NIS 27 million per year (when they claim that this is a period of seven years) (relative to all the Defendants). The plaintiffs noted that there are two claim motions pending to be certified as class actions (one of them also against Phoenix Insurance) that raise similar legal questions. At this stage, Phoenix Insurance is studying the details of the lawsuit, and therefore it is not possible to assess the chances of its approval as a class action, and if it is approved, it is not possible to assess its chances of success.

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	Reference to parallel Hebrew report:	2024-01-054447
	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 27, 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