The Phoenix Holdings Ltd.

Legal Proceedings Report • Sep 4, 2022

Re: A judgment by the Central District Court, approving Settlement Agreement - The Phoenix Insurance Company Ltd. The Company is hereby announcing that on August 31, 2022, a judgment was rendered by The Central District Court approving a Settlement Agreement in the motion to certify a claim as a class action which was partially approved against the Company's subsidiary, The Phoenix Insurance Company Ltd. (Hereinafter: "The Phoenix Insurance"), as well as against 4 additional insurance companies (Hereinafter, collectively: "The Defendants"), and which concerns with the claim of non-refund of a premium for the relative part of the month in which the insurance ended (due to cancellation by the policyholder) and/or premium refund (when the premium is refunded) in nominal values (without linkage differences and interest) (See detailed in the Immediate Reports dated April 22, 2010 (Reference No. 2010-01-456471) and June 28, 2015 (Reference No. 2015-01-057906) and in Note 7a(3) to the Company's financial statements as of June 30, 2022, which were published on August 25, 2022 (Reference No. 2022-01-087321)).According to the Settlement Agreement, in the framework of which an review was conducted by a reviewer on behalf of the court (Hereinafter: "The Reviewer"), The Phoenix Insurance will contribute to a designated fund established by virtue of the Class Action Law 5766-2006, a total of 80% of the total refund amount in accordance with the I Reviewer's report; The Phoenix Insurance will regulate its future conduct in accordance with the Settlement Agreement and the judgment; and The Phoenix Insurance will pay compensation to the class action plaintiff and fees to his representatives. It shall be noted that the amounts by virtue of the judgment are not material to The Phoenix Insurance and there is a corresponding provision against them in the Phoenix Insurance books.This brings this proceeding to an end. 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:	04/09/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-091692	Time of broadcast: 09:45 09:45

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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 judgment by the Central District Court, approving Settlement Agreement - The Phoenix Insurance Company Ltd. The Company is hereby announcing that on August 31, 2022, a judgment was rendered by The Central District Court approving a Settlement Agreement in the motion to certify a claim as a class action which was partially approved against the Company's subsidiary, The Phoenix Insurance Company Ltd. (Hereinafter: "The Phoenix Insurance"), as well as against 4 additional insurance companies (Hereinafter, collectively: "The Defendants"), and which concerns with the claim of non-refund of a premium for the relative part of the month in which the insurance ended (due to cancellation by the policyholder) and/or premium refund (when the premium is refunded) in nominal values (without linkage differences and interest) (See detailed in the Immediate Reports dated April 22, 2010 (Reference No. 2010-01-456471) and June 28, 2015 (Reference No. 2015-01-057906) and in Note 7a(3) to the Company's financial statements as of June 30, 2022, which were published on August 25, 2022 (Reference No. 2022-01-087321)). According to the Settlement Agreement, in the framework of which an review was conducted by a reviewer on behalf of the court (Hereinafter: "The Reviewer"), The Phoenix Insurance will contribute to a designated fund established by virtue of the Class Action Law 5766-2006, a total of 80% of the total refund amount in accordance with the I Reviewer's report; The Phoenix Insurance will regulate its future conduct in accordance with the Settlement Agreement and the judgment; and The Phoenix Insurance will pay compensation to the class action plaintiff and fees to his representatives. It shall be noted that the amounts by virtue of the judgment are not material to The Phoenix Insurance and there is a corresponding provision against them in the Phoenix Insurance books. This brings this proceeding to an end.

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	Reference to parallel Hebrew report:	2022-01-112492
	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 published on 1 September 2022 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: 02/08/2022
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