The Phoenix Holdings Ltd.

Regulatory Filings • Dec 10, 2023

Re: Advanced Negotiations for transaction with Psagot to Acquire Activity of Mutual Funds - Immediate ReportThe Company updates that Kesem Mutual Funds Ltd., which is a subsidiary under the Company's indirect control, is conducting advanced negotiations with companies from the Psagot Group Finance and Investments Ltd. ("Psagot Investment House"), and has reached to understanding with it to acquire activity of mutual funds managed by Psagot Mutual Funds Ltd. (Active and Money Market) with assets under management of approximately NIS 18.5-20 billion, and to execute a transaction for the purchase of shares of additional assets of an immaterial scope to the Company.The total consideration will be in the range of NIS 160-175 million.The transaction, if consolidated, will be independent of other transactions for which Psagot Investment House is in contact with third parties for the sale of assets and/or other activities at Psagot Investment House.As of this date, there is no certainty regarding the progress of negotiations regarding the transaction to the signing of a binding agreement, and the transaction if consolidated, is subject to the approvals required by law, including regulatory approvals, if required. The Company will report again on the matter as appropriate under the Law provisions. 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:	10/12/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-111862	Time of broadcast: 11:57 11:57

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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: Advanced Negotiations for transaction with Psagot to Acquire Activity of Mutual Funds - Immediate Report The Company updates that Kesem Mutual Funds Ltd., which is a subsidiary under the Company's indirect control, is conducting advanced negotiations with companies from the Psagot Group Finance and Investments Ltd. ("Psagot Investment House"), and has reached to understanding with it to acquire activity of mutual funds managed by Psagot Mutual Funds Ltd. (Active and Money Market) with assets under management of approximately NIS 18.5-20 billion, and to execute a transaction for the purchase of shares of additional assets of an immaterial scope to the Company. The total consideration will be in the range of NIS 160-175 million. The transaction, if consolidated, will be independent of other transactions for which Psagot Investment House is in contact with third parties for the sale of assets and/or other activities at Psagot Investment House. As of this date, there is no certainty regarding the progress of negotiations regarding the transaction to the signing of a binding agreement, and the transaction if consolidated, is subject to the approvals required by law, including regulatory approvals, if required. The Company will report again on the matter as appropriate under the Law provisions.

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	Reference to parallel Hebrew report:	2023-01-111592
	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 7 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