The Phoenix Holdings Ltd.

Regulatory Filings • Aug 30, 2023

Re: Immediate Report - Publications in The Media in Connection with The Phoenix AgenciesFollowing publications in the media in connection with a potential transaction in relation to The Phoenix Insurance Agencies 1989 Ltd., a subsidiary controlled by the Company ("Phoenix Agencies"), the Company refers to its June 30, 2023 financial statements which were published on August 24, 2023 (reference number: 2023-01-079147) in which the Company reported that it engaged with an international investment bank in order to identify a strategic international investor who may invest in Phoenix Agencies and that the Company is in contact with several international investors bodies in connection with such an aforementioned investment.From preliminary and non-binding indications that the Company received, the value of Phoenix Agencies is in the range between 1.0 and 1.2 billion US dollars.As of the date of this immediate report, there is no certainty that the aforementioned transaction will indeed be formed, signed and completed and at what price it will be once completed. The Company's estimates in connection with the maturity of the contacts for an investment agreement in Phoenix Agencies, to the extent that it will be formed, and the value of Phoenix Agencies are forward-looking information, as defined in the Securities Law,5578-1968. These estimates may be different, not realized or partially realized and at different times than estimated by the Company, and this is due, among other things, to factors beyond the control of the Company and the Phoenix Agencies. 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:	30/08/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-100356	Time of broadcast: 09:23 09:23

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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: Immediate Report - Publications in The Media in Connection with The Phoenix Agencies Following publications in the media in connection with a potential transaction in relation to The Phoenix Insurance Agencies 1989 Ltd., a subsidiary controlled by the Company ("Phoenix Agencies"), the Company refers to its June 30, 2023 financial statements which were published on August 24, 2023 (reference number: 2023-01-079147) in which the Company reported that it engaged with an international investment bank in order to identify a strategic international investor who may invest in Phoenix Agencies and that the Company is in contact with several international investors bodies in connection with such an aforementioned investment. From preliminary and non-binding indications that the Company received, the value of Phoenix Agencies is in the range between 1.0 and 1.2 billion US dollars. As of the date of this immediate report, there is no certainty that the aforementioned transaction will indeed be formed, signed and completed and at what price it will be once completed. The Company's estimates in connection with the maturity of the contacts for an investment agreement in Phoenix Agencies, to the extent that it will be formed, and the value of Phoenix Agencies are forward-looking information, as defined in the Securities Law,5578-1968. These estimates may be different, not realized or partially realized and at different times than estimated by the Company, and this is due, among other things, to factors beyond the control of the Company and the Phoenix Agencies.

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	Reference to parallel Hebrew report:	2023-01-100341
	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 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