The Phoenix Holdings Ltd.

Legal Proceedings Report • Jun 14, 2022

Re: The Phoenix Pension and Provident Fund Ltd. (subsidiary) - filed a motion to appeal the decision of the Tel Aviv Regional Labor CourtThe Company is hereby honored to announce that on June 14, 2022, Excellence Nessuah Gemel & Pension Ltd. (Currently: The Phoenix Pension and Provident Fund Ltd., a subsidiary of the Company; Hereinafter: "The Phoenix Pension and Provident Fund"), filed to the National Labor Court, a motion to appeal the decision of the Tel Aviv Regional Labor Court, which approved a motion for approval of a class action lawsuit (Hereinafter: "The Approval Decision") against The Phoenix Pension and Provident Fund, claiming to increase management fees in 2007 without sending advance notice as required by law (See details in the immediate reports dated August 9, 2017 (Reference No. 2017-01-081693) and March 22, 2022 (Reference No. 2022-01-032476) as well as in Note 6A(20) to the Company's financial statements as of March 31, 2022, which were published on May 31, 2022 (Reference No. 2022-01-055212)). 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:	14/06/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-060513	Time of broadcast: 17:31 17:31

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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: The Phoenix Pension and Provident Fund Ltd. (subsidiary) - filed a motion to appeal the decision of the Tel Aviv Regional Labor Court The Company is hereby honored to announce that on June 14, 2022, Excellence Nessuah Gemel & Pension Ltd. (Currently: The Phoenix Pension and Provident Fund Ltd., a subsidiary of the Company; Hereinafter: "The Phoenix Pension and Provident Fund"), filed to the National Labor Court, a motion to appeal the decision of the Tel Aviv Regional Labor Court, which approved a motion for approval of a class action lawsuit (Hereinafter: "The Approval Decision") against The Phoenix Pension and Provident Fund, claiming to increase management fees in 2007 without sending advance notice as required by law (See details in the immediate reports dated August 9, 2017 (Reference No. 2017-01-081693) and March 22, 2022 (Reference No. 2022-01-032476) as well as in Note 6A(20) to the Company's financial statements as of March 31, 2022, which were published on May 31, 2022 (Reference No. 2022-01-055212)).

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	Reference to parallel Hebrew report:	2022-01-060504
	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 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