The Phoenix Holdings Ltd.

Legal Proceedings Report • Apr 4, 2023

Re: A Claim accompanied by a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. - Immediate ReportNotice is hereby given that a claim has been filed against a subsidiary of the company, The Phoenix Insurance Company Ltd. (hereinafter: �The Phoenix Insurance�), along with a request to approve it as a class action, in the Central District Court (hereinafter: �the claim�).The subject matter of the claim is that if the holder of comprehensive vehicle insurance has an insurance incident for which he submitted an insurance claim and/or a demand and/or an application for insurance benefits, and he decides to repair his vehicle at a garage that is not on the list of The Phoenix Insurance�s �garage arrangement�, even though The Phoenix Insurance approves the appraiser's assessment, it deducts various amounts from the insurance benefits, claiming that the garage can purchase vehicle parts from its supplier at a price that is lower than the price of these parts to the consumer, and thus, according to the claim, the policyholder receives insurance benefits after the fact that it do not cover the actual cost of the damage caused to him as determined by the appraiser.The total amount of damage claimed for all members of the group was not estimated by the claimant, but he has stated that the estimated damage exceeds a total of NIS 2.5 million.At this point in time, The Phoenix Insurance is examining the details of the claim, and therefore it is not possible to estimate the chances of it being approved as a class action and, if it is approved, it is not possible to estimate its chances of success.. 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:	04/04/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-033991	Time of broadcast: 15:51 15:51

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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 accompanied by a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. - Immediate Report Notice is hereby given that a claim has been filed against a subsidiary of the company, The Phoenix Insurance Company Ltd. (hereinafter: �The Phoenix Insurance�), along with a request to approve it as a class action, in the Central District Court (hereinafter: �the claim�). The subject matter of the claim is that if the holder of comprehensive vehicle insurance has an insurance incident for which he submitted an insurance claim and/or a demand and/or an application for insurance benefits, and he decides to repair his vehicle at a garage that is not on the list of The Phoenix Insurance�s �garage arrangement�, even though The Phoenix Insurance approves the appraiser's assessment, it deducts various amounts from the insurance benefits, claiming that the garage can purchase vehicle parts from its supplier at a price that is lower than the price of these parts to the consumer, and thus, according to the claim, the policyholder receives insurance benefits after the fact that it do not cover the actual cost of the damage caused to him as determined by the appraiser. The total amount of damage claimed for all members of the group was not estimated by the claimant, but he has stated that the estimated damage exceeds a total of NIS 2.5 million. At this point in time, The Phoenix Insurance is examining the details of the claim, and therefore it is not possible to estimate the chances of it being approved as a class action and, if it is approved, it is not possible to estimate its chances of success. .

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	Reference to parallel Hebrew report:	2023-01-033616
	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 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