The Phoenix Holdings Ltd.

Legal Proceedings Report • Apr 18, 2023

Re: Central District Court issued a ruling approving a settlement agreement in a motion to certify a claim as a class action against The Phoenix Insurance Company Ltd - Immediate ReportThe Company is announcing that on 17 April, 2023, the Central District Court issued a ruling approving a settlement agreement in a motion to certify a Claim as a class action that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: �The Phoenix Insurance�), and against the company PassportCard Israel General Insurance Agency (2014) Ltd. (hereinafter collectively: �the defendants�), and for which the matter of the lawsuit is, inter alia, the claim that the defendants are selling Overseas Travel Insurance without informing their customers of the fact that the �Location, Search and Rescue� component can be waived if it is not required, at the time the insurance policy is drawn up (see the details in the Immediate Report dated 11 December, 2019 (reference number 2019-01-120517) and also see the details in Note 43a(27) to the Company's Financial Statements dated 31 December, 2022, which were published on 23 March, 2023 (reference number 2023-01-026428)).According to the approved settlement agreement, with regards to The Phoenix Insurance's Overseas Travel Insurance policy, The Phoenix Insurance will contribute a negligible amount to a dedicated fund established by virtue of the Class Actions Law, 5766-2006; will, in the future, act as stipulated in the settlement agreement and in the ruling; and will pay compensation to the representative plaintiff and the fees of their representative.This concludes the proceedings concerning The Phoenix Insurance policy. false

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THE PHOENIX HOLDINGS LTD
Corporation no: 520017450	10820
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	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	18/04/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-036640	Time of broadcast: 21:32 21:32

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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: Central District Court issued a ruling approving a settlement agreement in a motion to certify a claim as a class action against The Phoenix Insurance Company Ltd - Immediate Report The Company is announcing that on 17 April, 2023, the Central District Court issued a ruling approving a settlement agreement in a motion to certify a Claim as a class action that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: �The Phoenix Insurance�), and against the company PassportCard Israel General Insurance Agency (2014) Ltd. (hereinafter collectively: �the defendants�), and for which the matter of the lawsuit is, inter alia, the claim that the defendants are selling Overseas Travel Insurance without informing their customers of the fact that the �Location, Search and Rescue� component can be waived if it is not required, at the time the insurance policy is drawn up (see the details in the Immediate Report dated 11 December, 2019 (reference number 2019-01-120517) and also see the details in Note 43a(27) to the Company's Financial Statements dated 31 December, 2022, which were published on 23 March, 2023 (reference number 2023-01-026428)). According to the approved settlement agreement, with regards to The Phoenix Insurance's Overseas Travel Insurance policy, The Phoenix Insurance will contribute a negligible amount to a dedicated fund established by virtue of the Class Actions Law, 5766-2006; will, in the future, act as stipulated in the settlement agreement and in the ruling; and will pay compensation to the representative plaintiff and the fees of their representative. This concludes the proceedings concerning The Phoenix Insurance policy.

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	Reference to parallel Hebrew report:	2023-01-041796
	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 & Company 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 17 April 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: 21/02/2023
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 , ������� 53454 Telephone: 03-7332997 Facsimile: 03-7238831 E-mail: menin@fnx.co.il 1