The Phoenix Holdings Ltd.

Capital/Financing Update • Jul 27, 2022

Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd. 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:	27/07/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-078564	Time of broadcast: 11:36 11:36

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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:   _________   _________   _________

Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd. The Company is announcing that on July 26, 2022, The Phoenix Capital Raising (2009) Ltd. (hereinafter: "The Phoenix Capital Raising"), fully held indirectly by the Company, published Immediate Reports concerning the results of tenders offered to investors, which took place on July 25, 2022, to receive advance commitments for the purchase of bonds as part of the issuance of a new series of bonds (Series 13) and expansion of Series 11 that The Phoenix Capital Raising issued (on behalf of The Phoenix Insurance Company Ltd., a subsidiary of the Company). Below are the results of the tenders for classified investors: Series 13 - Applications were submitted for the purchase of NIS 323.008 million nominal value bonds, out of which The Phoenix Capital Raising has received advance commitments from investors (who will be listed in the Shelf Offering Report to be published by The Phoenix Capital Raising, insofar as it is published) for the purchase of NIS 200.000 million nominal value bonds with a spread of 1.75%, which will be the maximum spread that the bonds will bear as part of the public offering, insofar as it occurs. It is clarified that the final spread will be determined as part of the public tender (insofar as it occurs). Series 11 - Applications were submitted for the purchase of NIS 774.531 million nominal value bonds, out of which The Phoenix Capital Raising has received advance commitments from investors (who will be listed in the Shelf Offering Report to be published by The Phoenix Capital Raising, insofar as it is published) for the purchase of NIS 200.000 million nominal value bonds at a price of NIS 940 per unit, which will be the minimum price per unit as part of the public offering, insofar as it occurs. It is clarified that the final unit price will be determined as part of the public tender (insofar as it occurs). It is emphasized that raising the debt, its size, structure, and timing is not certain and is subject to obtaining all the permits and approvals required by law, including the approval of the Tel Aviv Stock Exchange Ltd. for the publication of Shelf Offering Reports and for registration for trading of the bonds and the approvals required by The Phoenix Capital Raising. It is clarified that the abovementioned does not constitute a commitment on the part of The Phoenix Capital Raising to issue the aforementioned bonds and it does not constitute any offering to the public or an invitation to purchase securities of The Phoenix Capital Raising.

Attached hereto is a report on	Re: Results of tenders offered to investors - The Phoenix Capital Raising (2009) Ltd.

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	Reference to parallel Hebrew report:	2022-01-078144
	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 above report is a convenience translation only and the parallel Hebrew immediate report which was published on 26 July 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: 07/06/2022
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