The Phoenix Holdings Ltd.

Legal Proceedings Report • Jan 11, 2024

Re: The Supreme Court issued a decision Rejecting a Motion for Leave to Appeal Filed by The Phoenix Insurance Company Ltd. (Subsidiary) The Company announce that on January 7, 2024, the Supreme Court issued a decision rejecting the motion for leave to appeal filed by a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance") and another insurance company (the "Plaintiffs"), against the District Court's decision approving a class action ("Approving Decision"), which concerns the interpretive question of whether the health insurance policies (surgeries) marketed by the Defendants include insurance coverage for "preventive surgical procedure" due to a medical condition of the insured. (See the Company's immediate reports dated June 19, 2018 (reference number: 2018-01-059287), 25 January 2022 (reference number: 2022-01-010338), 25 may 2022 (reference number: 2022-01-063700) and in note 7a(17) to the Company's financial statements for the day of 30 in September 2023, which were published on November 29, 2023 (reference no. 2023-01-107977)As part of the decision, it was determined that there was no reason to interfere with the Approving Decision. In light of the foregoing, the class action will continue to be conducted in the District Court.The decision is not expected to have a material impact on the Company or Phoenix Insurance. 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:	11/01/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-005982	Time of broadcast: 16:23 16:23

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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: The Supreme Court issued a decision Rejecting a Motion for Leave to Appeal Filed by The Phoenix Insurance Company Ltd. (Subsidiary) The Company announce that on January 7, 2024, the Supreme Court issued a decision rejecting the motion for leave to appeal filed by a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance") and another insurance company (the "Plaintiffs"), against the District Court's decision approving a class action ("Approving Decision"), which concerns the interpretive question of whether the health insurance policies (surgeries) marketed by the Defendants include insurance coverage for "preventive surgical procedure" due to a medical condition of the insured. (See the Company's immediate reports dated June 19, 2018 (reference number: 2018-01-059287), 25 January 2022 (reference number: 2022-01-010338), 25 may 2022 (reference number: 2022-01-063700) and in note 7a(17) to the Company's financial statements for the day of 30 in September 2023, which were published on November 29, 2023 (reference no. 2023-01-107977) As part of the decision, it was determined that there was no reason to interfere with the Approving Decision. In light of the foregoing, the class action will continue to be conducted in the District Court. The decision is not expected to have a material impact on the Company or Phoenix Insurance.

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	Reference to parallel Hebrew report:	2024-01-004197
	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 8 January 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: 31/12/2023
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