The Phoenix Holdings Ltd.

Legal Proceedings Report • Feb 27, 2024

Re: A Claim and a Motion to Certify the Claim as a Class Action Against The Phoenix Insurance Company Ltd.(subsidiary) - Immediate Report Notice is hereby given that a Claim accompanied by a motion to certify the claim as a class action ("Claim") has been filed at the District Court � Tel Aviv-Yafo against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), The Claim concerns that Phoenix Insurance sends advertisements to the plaintiff and members of the group through advertisements sent to their e-mail addresses and/or in any other media, without obtaining the express prior written consent of the recipients and without the members of the group being its customers at all. It is also argued that Phoenix Insurance does not allow its recipients, whether they gave their explicit consent to send advertisements in advance, or not, to remove themselves in the same way that the advertisements were sent, but only by means of a link, contrary to section 30A of the Communications Law (Telecommunications and Broadcasting), 5742-1982.According to the plaintiff, the total damage to all members of the group is estimated at NIS 10 million. At this stage, The Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed. 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:	27/02/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-020076	Time of broadcast: 00:17 00:17

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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.(subsidiary) - Immediate Report Notice is hereby given that a Claim accompanied by a motion to certify the claim as a class action ("Claim") has been filed at the District Court � Tel Aviv-Yafo against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), The Claim concerns that Phoenix Insurance sends advertisements to the plaintiff and members of the group through advertisements sent to their e-mail addresses and/or in any other media, without obtaining the express prior written consent of the recipients and without the members of the group being its customers at all. It is also argued that Phoenix Insurance does not allow its recipients, whether they gave their explicit consent to send advertisements in advance, or not, to remove themselves in the same way that the advertisements were sent, but only by means of a link, contrary to section 30A of the Communications Law (Telecommunications and Broadcasting), 5742-1982. According to the plaintiff, the total damage to all members of the group is estimated at NIS 10 million. At this stage, The Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed.

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	Reference to parallel Hebrew report:	2024-01-016714
	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