The Phoenix Holdings Ltd.

Legal Proceedings Report • Jun 21, 2022

Re: Judgment approving a settlement agreement in a motion to certify a claim as a class action - The Phoenix Pension and Provident Fund Ltd.The Company is honored to announce that on 16 June, 2022, the Tel Aviv-Yafo District Court issued a judgment approving a settlement agreement in the motion to certify a claim as a class action, which was filed against Excellence Nessuah Provident Fund Ltd. (now: The Phoenix Pension and Provident Fund Ltd., a subsidiary of the Company; hereinafter: "The Phoenix Pension and Provident Fund") and against two other companies (hereinafter together: "the Defendants") in the matter of the allegation of unlawful collection of handling fees/collection fees/operating fees/commission/early repayment fee or any other payment (whatever it may be called) collected by the Defendants from their members who took out loans from them (see the details in the Immediate Report dated 5 March, 2018 (Reference no. 2018-01-017712) and in Note 6A(22) to the Company's financial statements as of 31 March, 2022, which were published on 31 May, 2022 (Reference no. 2022-01-055212)).According to the settlement agreement, The Phoenix Pension and Provident Fund will reimburse 45% of the handling fees collected, as defined in the settlement, together with interest and linkage, and will also pay compensation to the class representative plaintiff and the fees of their attorneys, in amounts that are not material to The Phoenix Pension and Provident Fund and against which there is an appropriate provision in the books.This brings these proceedings 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:	21/06/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-063141	Time of broadcast: 16:41 16:41

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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: Judgment approving a settlement agreement in a motion to certify a claim as a class action - The Phoenix Pension and Provident Fund Ltd. The Company is honored to announce that on 16 June, 2022, the Tel Aviv-Yafo District Court issued a judgment approving a settlement agreement in the motion to certify a claim as a class action, which was filed against Excellence Nessuah Provident Fund Ltd. (now: The Phoenix Pension and Provident Fund Ltd., a subsidiary of the Company; hereinafter: "The Phoenix Pension and Provident Fund") and against two other companies (hereinafter together: "the Defendants") in the matter of the allegation of unlawful collection of handling fees/collection fees/operating fees/commission/early repayment fee or any other payment (whatever it may be called) collected by the Defendants from their members who took out loans from them (see the details in the Immediate Report dated 5 March, 2018 (Reference no. 2018-01-017712) and in Note 6A(22) to the Company's financial statements as of 31 March, 2022, which were published on 31 May, 2022 (Reference no. 2022-01-055212)). According to the settlement agreement, The Phoenix Pension and Provident Fund will reimburse 45% of the handling fees collected, as defined in the settlement, together with interest and linkage, and will also pay compensation to the class representative plaintiff and the fees of their attorneys, in amounts that are not material to The Phoenix Pension and Provident Fund and against which there is an appropriate provision in the books. This brings these proceedings to an end.

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	Reference to parallel Hebrew report:	2022-01-062076
	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 June 19, 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