The Phoenix Holdings Ltd.

Legal Proceedings Report • Mar 22, 2022

Re: An approval of a motion to certify a claim as a class action against The Phoenix & Provident Fund Ltd.On March 20, 2022, a decision was rendered by the Regional Labor Court in Tel Aviv, approving the motion to certify of the claim as a class action (hereinafter: "the Approval Decision"), which was filed against Excellence Nessuah Gemel & Pension Ltd. (Currently: The Phoenix Pension & Provident Fund Ltd., a subsidiary of the Company (hereinafter: "The Phoenix Pension & Provident Fund"), arguing for an increase in management fees in 2007 without sending advance notice as required by law (See details in the Immediate Report regarding the submissionfiling of the motion of certification dated August 9, 2017 (Reference No. 2017-01-061693) and in Note 7A(25) to the Company's financial statements as of September 30, 2021, which were published on November 30, 2021 (Reference No. 2021-01-173703).As part of the Approval Decision, it was determined that the group on whose behalf the class action will be conducted shall be as specified in the immediate report regarding the submission of the motion of certification.The Phoenix Pension & Provident Fund is studying the Approval Decision and is considering its further steps. false

������ ������ ��"�	1 818
THE PHOENIX HOLDINGS LTD
Corporation no: 520017450	10820
- - -

	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	22/03/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-033127	Time of broadcast: 21:05 21:05

---

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:   _________   _________   _________

_________

Attached hereto is a report on

Re: An approval of a motion to certify a claim as a class action against The Phoenix & Provident Fund Ltd. On March 20, 2022, a decision was rendered by the Regional Labor Court in Tel Aviv, approving the motion to certify of the claim as a class action (hereinafter: "the Approval Decision"), which was filed against Excellence Nessuah Gemel & Pension Ltd. (Currently: The Phoenix Pension & Provident Fund Ltd., a subsidiary of the Company (hereinafter: "The Phoenix Pension & Provident Fund"), arguing for an increase in management fees in 2007 without sending advance notice as required by law (See details in the Immediate Report regarding the submissionfiling of the motion of certification dated August 9, 2017 (Reference No. 2017-01-061693) and in Note 7A(25) to the Company's financial statements as of September 30, 2021, which were published on November 30, 2021 (Reference No. 2021-01-173703). As part of the Approval Decision, it was determined that the group on whose behalf the class action will be conducted shall be as specified in the immediate report regarding the submission of the motion of certification. The Phoenix Pension & Provident Fund is studying the Approval Decision and is considering its further steps.

_________

	Reference to parallel Hebrew report:	2022-01-032476
	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 this 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):
- - -
Stock Exchange/Market: ������	Date of revision of form structure: 22/02/2022
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