The Phoenix Holdings Ltd.

Legal Proceedings Report • Feb 9, 2022

Re: District court approval of a settlement agreement in regard of a motion to certify a claim as a class action against The Phoenix Insurance Company Ltd.The Company is hereby honored to announce that on February 6, 2022 a judgment was rendered at the Jerusalem District Court, approving a settlement agreement in the motion to certify a claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), as well as against 12 additional companies (hereinafter, collectively: "The Defendants"), which concerns with the claim that the Defendants violate the provisions of Section 5(b) of the Interest and Linkage Law, 5721-1961, by not adding the interest and/or linkage differences to the amounts decided upon by a judicial authority, in cases where they pay such amounts at a later date than the date set for their payment (See details in the Immediate Report dated 11 September 2017 (Reference No. 2017-01-091791) and in Note 7A(22) to the Company's financial statements as of September 30, 2021, which were published on November 30, 2021 (Reference No. 2021-01-173703)).According to the settlement agreement, The Phoenix Insurance undertook to amend the deeds of waiver, as outlined in the settlement agreement, and to pay compensation to the class action plaintiff, as well as attorney's fee in amounts that are not material to The Phoenix Insurance and to which there is an appropriate provision in the books. This brings the proceeding to an end. false

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

	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	08/02/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-014532	Time of broadcast: 22:38 22:38

---

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: District court approval of a settlement agreement in regard of a motion to certify a claim as a class action against The Phoenix Insurance Company Ltd. The Company is hereby honored to announce that on February 6, 2022 a judgment was rendered at the Jerusalem District Court, approving a settlement agreement in the motion to certify a claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), as well as against 12 additional companies (hereinafter, collectively: "The Defendants"), which concerns with the claim that the Defendants violate the provisions of Section 5(b) of the Interest and Linkage Law, 5721-1961, by not adding the interest and/or linkage differences to the amounts decided upon by a judicial authority, in cases where they pay such amounts at a later date than the date set for their payment (See details in the Immediate Report dated 11 September 2017 (Reference No. 2017-01-091791) and in Note 7A(22) to the Company's financial statements as of September 30, 2021, which were published on November 30, 2021 (Reference No. 2021-01-173703)). According to the settlement agreement, The Phoenix Insurance undertook to amend the deeds of waiver, as outlined in the settlement agreement, and to pay compensation to the class action plaintiff, as well as attorney's fee in amounts that are not material to The Phoenix Insurance and to which there is an appropriate provision in the books. This brings the proceeding to an end.

trabslation_82_isa.pdf

	Reference to parallel Hebrew report:	2022-01-013974
	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 7 February 2022 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: 30/12/2021
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