The Phoenix Holdings Ltd.

Legal Proceedings Report • Feb 2, 2022

Re: District Court approval for the withdrawal from 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 January 31, 2022 a judgment was rendered today at by the Tel Aviv-Yaffo District Court, approving an agreed motion for the plaintiffs' withdrawal from a 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"), which concerns with the claims that The Phoenix Insurance does not link the liability limitation amounts in its health insurance policies and that it deprives the policyholders of insurance coverage, while claiming to be a cosmetic surgery, contrary to the provisions of the insurance contract and without making proper disclosure as to the exception of cosmetic surgery and its definition (See details in the Immediate Report dated 21 February 2021 (Reference No. 2021-01-020992) and in Note 7A(52) 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:	01/02/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-012681	Time of broadcast: 23:19 23:19

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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: District Court approval for the withdrawal from 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 January 31, 2022 a judgment was rendered today at by the Tel Aviv-Yaffo District Court, approving an agreed motion for the plaintiffs' withdrawal from a 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"), which concerns with the claims that The Phoenix Insurance does not link the liability limitation amounts in its health insurance policies and that it deprives the policyholders of insurance coverage, while claiming to be a cosmetic surgery, contrary to the provisions of the insurance contract and without making proper disclosure as to the exception of cosmetic surgery and its definition (See details in the Immediate Report dated 21 February 2021 (Reference No. 2021-01-020992) and in Note 7A(52) 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.

translation1222_isa.pdf

	Reference to parallel Hebrew report:	2022-01-012306
	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 published 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: 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