The Phoenix Holdings Ltd.

Legal Proceedings Report • Apr 9, 2024

Re: Jerusalem Regional Labor Court issued a Ruling Approving a Motion to Withdraw from a Motion for Approval of a Class Action against The Phoenix Pension and Provident Fund Ltd.(subsidiary) - Immediate Report The Company announces that on April 7, 2024, the Jerusalem Regional Labor Court issued a ruling approving a motion to withdraw from an motion for approval of a class action filed against Helman-Aldubi Provident & Pension Funds Ltd., which was merged on September 30, 2021 into a subsidiary of the Company, The Phoenix Pension and Provident Fund Ltd., which concerns the claim that IBI - The Provident Fund and Study Funds Management Company Ltd. (which was merged into Helman-Aldubi on July 1, 2018) charged the members of the study fund under its management investment management expenses, in addition to the management fees charged, contrary to the fund's regulations (See Reference No. 43A1(10) to the Company's financial statements as of December 31, 2023, which were published on March 27, 2024 (reference number 2024-01-026677)).This brought this process to an end. 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:	08/04/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-040614	Time of broadcast: 23:30 23:30

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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: Jerusalem Regional Labor Court issued a Ruling Approving a Motion to Withdraw from a Motion for Approval of a Class Action against The Phoenix Pension and Provident Fund Ltd.(subsidiary) - Immediate Report The Company announces that on April 7, 2024, the Jerusalem Regional Labor Court issued a ruling approving a motion to withdraw from an motion for approval of a class action filed against Helman-Aldubi Provident & Pension Funds Ltd., which was merged on September 30, 2021 into a subsidiary of the Company, The Phoenix Pension and Provident Fund Ltd., which concerns the claim that IBI - The Provident Fund and Study Funds Management Company Ltd. (which was merged into Helman-Aldubi on July 1, 2018) charged the members of the study fund under its management investment management expenses, in addition to the management fees charged, contrary to the fund's regulations (See Reference No. 43A1(10) to the Company's financial statements as of December 31, 2023, which were published on March 27, 2024 (reference number 2024-01-026677)). This brought this process to an end.

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	Reference to parallel Hebrew report:	2024-01-040146
	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 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: 20/02/2024
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