The Phoenix Holdings Ltd.

Capital/Financing Update • Dec 22, 2023

Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd. 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:	22/12/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-139497	Time of broadcast: 01:05 01:05

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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:   _________   _________   _________

Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd. The Company is announcing that on December 20, 2023, The Phoenix Capital Raising (2009) Ltd. ("The Phoenix Capital Raising"), fully held indirectly by the Company, published Immediate Report concerning the results of tenders offered to investors, which took place on December 20, 2023, to receive advance commitments for the purchase of bonds as part of the issuance of 2 new series of bonds (Series 14) and( Series 15) that The Phoenix Capital Raising issued (on behalf of The Phoenix Insura4ce Company Ltd., a subsidiary of the Company). Below are the results of the tenders for classified investors: Series 14- Applications were submitted for the purchase of NIS 714,947 million par value bonds, out of which The Phoenix Capital Raising has received advance commitments from investors (who will be listed in the Shelf Offering Report to be published by The Phoenix Capital Raising, insofar as it is published) for the purchase of NIS 300.000 million par value bonds with interest of 2.31%, which will be the maximum interest that the bonds will bear as part of the public offering, insofar as it occurs. Series 15 - Applications were submitted for the purchase of NIS 740,619 million par value bonds, out of which The Phoenix Capital Raising has received advance commitments from investors (who will be listed in the Shelf Offering Report to be published by The Phoenix Capital Raising, insofar as it is published) for the purchase of NIS 500.000 million par value bonds with interest of 4.69%, which will be the maximum interest that the bonds will bear as part of the public offering, insofar as it occurs. It is emphasized that raising the debt, its size, structure, and timing is not certain and is subject to obtaining all the permits and approvals required by law, including the approval of the Tel Aviv Stock Exchange Ltd. for the publication of Shelf Offering Reports and for registration for trading of the bonds, approval by the Commissioner of the Capital Market Authority for the recognition of bonds as additional tier 2 capital and the approvals required by The Phoenix Capital Raising. It is clarified that the abovementioned does not constitute a commitment on the part of The Phoenix Capital Raising to issue the aforementioned bonds and it does not constitute any offering to the public or an invitation to purchase securities of The Phoenix Capital Raising or the Company.

Attached hereto is a report on	Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd.

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	Reference to parallel Hebrew report:	2023-01-138678
	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 above report is a convenience translation only and the parallel Hebrew immediate report which was published on 20 December 2023 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: 05/12/2023
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