The Phoenix Holdings Ltd.

Legal Proceedings Report • Mar 7, 2022

Re: A motion to withdrawal from a motion to approve a claim as a class action against The Phoenix Insurance Company Ltd.The Company announce that on 2 March 2022, a judgment was rendered by the Central District Court approving an agreed motion for the plaintiff's withdrawal from the motion to approve a claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), and which is concerned with the claim of non-reduction of management fees in respect of a savings policy, contrary to the agreement between the policyholders and The Phoenix Insurance (See details in the Immediate Report dated 21 April 2021 (Reference No. 2021-01-067527) and in Note 7A(57) to the Company's financial statements as of September 30, 2021, which were published on November 30, 2021 (Reference No. 2021-01-173703)).This brings the 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:	07/03/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-027133	Time of broadcast: 22:18 22:18

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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:   _________   _________   _________

_________

Attached hereto is a report on

Re: A motion to withdrawal from a motion to approve a claim as a class action against The Phoenix Insurance Company Ltd. The Company announce that on 2 March 2022, a judgment was rendered by the Central District Court approving an agreed motion for the plaintiff's withdrawal from the motion to approve a claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), and which is concerned with the claim of non-reduction of management fees in respect of a savings policy, contrary to the agreement between the policyholders and The Phoenix Insurance (See details in the Immediate Report dated 21 April 2021 (Reference No. 2021-01-067527) and in Note 7A(57) to the Company's financial statements as of September 30, 2021, which were published on November 30, 2021 (Reference No. 2021-01-173703)). This brings the proceeding to an end.

motion_for_the_plaintiffs_withdrawal.pdf

	Reference to parallel Hebrew report:	2022-01-022053
	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 which was published on the 6 March 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: 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