The Phoenix Holdings Ltd.

Legal Proceedings Report • Jan 28, 2022

Re: judgment ordering the deletion of a motion to certify a claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Pension & Provident Ltd.On January 26, 2022, a judgment was rendered by The Tel Aviv-Yafo District Court, ordering the deletion of a motion to certify a claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Pension & Provident Ltd. (and in its name at the time of filing the claim - The Phoenix Excellence Pension & Provident Ltd.; Hereinafter: "The Phoenix Pension & Provident"), and which is concerned with allegations of incorrect reporting and/or calculations of the linkage differences credited to OPMs' accounts; Incorrect calculation and presentation of real profits; Incorrect registration of deposits which causes the profits for them to be taxed illegally; Causing monetary damage to OPMs as a result of failure to track deficiencies in employers' deposits and recording deposit dates different from those actually made (See details in the Immediate Report dated September 8, 2020 ((Reference No. 2020-01-099036) as well as in Note 7A(49) 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:	27/01/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-011379	Time of broadcast: 23:22 23:22

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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: judgment ordering the deletion of a motion to certify a claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Pension & Provident Ltd. On January 26, 2022, a judgment was rendered by The Tel Aviv-Yafo District Court, ordering the deletion of a motion to certify a claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Pension & Provident Ltd. (and in its name at the time of filing the claim - The Phoenix Excellence Pension & Provident Ltd.; Hereinafter: "The Phoenix Pension & Provident"), and which is concerned with allegations of incorrect reporting and/or calculations of the linkage differences credited to OPMs' accounts; Incorrect calculation and presentation of real profits; Incorrect registration of deposits which causes the profits for them to be taxed illegally; Causing monetary damage to OPMs as a result of failure to track deficiencies in employers' deposits and recording deposit dates different from those actually made (See details in the Immediate Report dated September 8, 2020 ((Reference No. 2020-01-099036) as well as in Note 7A(49) 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.

translation271_isa.pdf

	Reference to parallel Hebrew report:	2022-01-012004
	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