The Phoenix Holdings Ltd.

Legal Proceedings Report • Feb 27, 2022

27.2.2022

The Phoenix Holdings Ltd. ("the Company")

To: The Securities Authority www.isa.gov.il

To: The Tel Aviv Stock Exchange Ltd. www.tase.co.il

Re: The Phoenix Insurance Company Ltd. - Immediate Report

The Company is pleased to announce that on 23 February, 2022, a judgement was rendered by the Tel Aviv-Yafo District Court approving an agreed motion for the plaintiffs' withdrawal from a motion to certify a claim as a class action that was filed against a subsidiary of the company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), in relation to the claim that The Phoenix Insurance refused to fund the cost of a surgical procedure, and that it, allegedly, refrained from proper disclosure of the insurance coverage and its exceptions in some of the Health insurance policies that were marketed after 1.10.2001 (for details, see the Immediate Report dated 13 July, 2021 (reference no. 2021-01-052318) and, as stated in Note 7A(60) to the Company's financial statements as of 30 September, 2021 that were published on 30 November, 2021 (reference no. 2021-01-173703)).

This brings the proceeding to an end.

Respectfully, The Phoenix Holdings Ltd.

c/o Attorney Meni Neeman, Chief Legal Counsel and Secretary of the Company