The Phoenix Holdings Ltd.

Legal Proceedings Report • Sep 22, 2023

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 has been filed at the District Court - Haifa against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "Phoenix Insurance"), accompanied by a motion to certify the claim as a class action (hereinafter, collectively: "The Claim").The matter of the Claim according to the plaintiff is that Phoenix Insurance did not reimburse the insurance premium paid by policyholders who froze their motor insurance policy, allegedly, for the period after the date the policy was frozen until the date of its retroactive cancellation, on the original termination date of the motor insurance policy (including linkage differences and legal interest). It is further claimed that policyholders who had to contact Phoenix Insurance for the purpose of reimbursing their money, in view of the aforementioned, confronted difficulties, and as a result, they suffered, allegedly, non-economic damages.The total damage claimed for all group members was not assessed at this stage, however, the plaintiff stated that the estimated damage exceeds a total of NIS 2.5 million.At this stage, 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:	21/09/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-109290	Time of broadcast: 21:46 21:46

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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 has been filed at the District Court - Haifa against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "Phoenix Insurance"), accompanied by a motion to certify the claim as a class action (hereinafter, collectively: "The Claim"). The matter of the Claim according to the plaintiff is that Phoenix Insurance did not reimburse the insurance premium paid by policyholders who froze their motor insurance policy, allegedly, for the period after the date the policy was frozen until the date of its retroactive cancellation, on the original termination date of the motor insurance policy (including linkage differences and legal interest). It is further claimed that policyholders who had to contact Phoenix Insurance for the purpose of reimbursing their money, in view of the aforementioned, confronted difficulties, and as a result, they suffered, allegedly, non-economic damages. The total damage claimed for all group members was not assessed at this stage, however, the plaintiff stated that the estimated damage exceeds a total of NIS 2.5 million. At this stage, 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:	2023-01-088561
	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	Meni Neeman	Other Chief Legal Officer

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 20 September 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: 08/08/2023
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