The Phoenix Holdings Ltd.

Legal Proceedings Report • Feb 27, 2024

Re: A ruling issued by the Supreme Court - rejecting an appeal on the District Court' ruling, which rejected a motion to certify a class action against The Phoenix Insurance Company Ltd. (Subsidiary)Notice is hereby given that on February 22, 2024, a ruling was issued by the Supreme Court rejecting the plaintiffs' appeal on the District Court's May 27, 2020 ruling, which rejected the motion to certify a class action filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance") and another insurance company, and which concerns a claim of alleged unlawful collection of "sub-annual" addition in life insurance at a higher than permitted rate (see detailed in the immediate report dated September 17, 2020 (reference number 2020-01-102315), and in note 7(a)(7) to the financial statements for Se ptember30, 2023, which were published on November 29, 2023 (reference number 2023-01-107977).Thus, this brings the proceeding 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:	26/02/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-020061	Time of broadcast: 23:41 23:41

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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 ruling issued by the Supreme Court - rejecting an appeal on the District Court' ruling, which rejected a motion to certify a class action against The Phoenix Insurance Company Ltd. (Subsidiary) Notice is hereby given that on February 22, 2024, a ruling was issued by the Supreme Court rejecting the plaintiffs' appeal on the District Court's May 27, 2020 ruling, which rejected the motion to certify a class action filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance") and another insurance company, and which concerns a claim of alleged unlawful collection of "sub-annual" addition in life insurance at a higher than permitted rate (see detailed in the immediate report dated September 17, 2020 (reference number 2020-01-102315), and in note 7(a)(7) to the financial statements for Se ptember30, 2023, which were published on November 29, 2023 (reference number 2023-01-107977). Thus, this brings the proceeding to an end.

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	Reference to parallel Hebrew report:	2024-01-016543
	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 February 25, 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: 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