The Phoenix Holdings Ltd.

Regulatory Filings • Sep 14, 2022

Re: Midroog affirms the Aa3.il rating (Positive outlook) of bonds - Rating Action - September 2022.Midroog assigns an Aa3.il rating to bonds (expansion of Series 4). The outlook is positive. The Company plans to use the proceeds from the expansion for its current operating needs. 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:	14/09/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-117199	Time of broadcast: 09:38 09:38

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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:   _________   _________   _________

NOTE: THE ORIGINAL HEBREW IMMIDIATE REPORT WAS REPORTED BY THE COMPANY ON SEPTEMBER 8, 2022 AND THE ENGLISH TRANSLATON HAS BEEN FINALISED TODAY.

Attached hereto is a report on	Re: Midroog affirms the Aa3.il rating (Positive outlook) of bonds - Rating Action - September 2022. Midroog assigns an Aa3.il rating to bonds (expansion of Series 4). The outlook is positive. The Company plans to use the proceeds from the expansion for its current operating needs.

MIDROOG_Phoenix_Holdings_isa.pdf

	Reference to parallel Hebrew report:	2022-01-115219
	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 is the binding report. THE ORIGINAL HEBREW IMMIDIATE REPORT WAS REPORTED BY THE COMPANY ON SEPTEMBER 8, 2022 AND THE ENGLISH TRANSLATON HAS BEEN FINALISED TODAY. .
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: 13/09/2022
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