The Phoenix Holdings Ltd.

Legal Proceedings Report • Jan 6, 2022

Re: A judgment was rendered by the Central District Court rejecting the request for approval of the class action that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd.On 4 January, 2022, a judgment was rendered by the Central District Court rejecting the request for approval of the class action that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance") and against five other insurance companies (hereinafter together: "the Defendants"), concerning the claim that, allegedly, the Defendants unlawfully refrain from paying policyholders and third parties the VAT component that applies to the cost of damages when the damages were not actually repaired (see details in the Immediate Report dated 18 January, 2018 (Reference No. 2018-01-006126) and in Note 7A(23) to the Company's financial statements as of 30 September, 2021, that were published on 30 November, 2021 (Reference No. 2021-01-173703)).This concludes the proceeding subject to the plaintiff's right to submit an appeal. 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:	05/01/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-003063	Time of broadcast: 23:49 23:49

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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 judgment was rendered by the Central District Court rejecting the request for approval of the class action that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. On 4 January, 2022, a judgment was rendered by the Central District Court rejecting the request for approval of the class action that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance") and against five other insurance companies (hereinafter together: "the Defendants"), concerning the claim that, allegedly, the Defendants unlawfully refrain from paying policyholders and third parties the VAT component that applies to the cost of damages when the damages were not actually repaired (see details in the Immediate Report dated 18 January, 2018 (Reference No. 2018-01-006126) and in Note 7A(23) to the Company's financial statements as of 30 September, 2021, that were published on 30 November, 2021 (Reference No. 2021-01-173703)). This concludes the proceeding subject to the plaintiff's right to submit an appeal.

translation_5122_isa.pdf

	Reference to parallel Hebrew report:	2022-01-002649
	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
2	Eli Schwartz	CFO _________

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 on January 4, 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: 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