The Phoenix Holdings Ltd.

Capital/Financing Update • Jan 7, 2022

Re: Immediate Report regarding the Results of Public Issuance - New bonds (series 6) 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:	07/01/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-004122	Time of broadcast: 16:34 16:34

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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:   _________   _________   _________

The original Hebrew report was published on January 6, 2022. In accordance with Section 30 of the Securities Law, 5728-1968, and the Securities (Announcement of the Results of an Offer by Prospectus) Regulations, 5730-1969, the Company is hereby honored to announce the results of the issuance according to the Company's Shelf Offering Report dated January 5, 2022 (Reference No.: 2022-01-003042) (This information constitutes an inclusion by way of reference), published according to the shelf prospectus ("Shelf Offering Report"). According to the Shelf Offering Report, the Company offered up to NIS 355,555,000 par value of the Company's Bonds (Series 6), with 1 NIS par value each ("the Bonds"), in 355,555 Units that include 1,000 NIS par value each of the Bonds, in a uniform offer, according to the Securities (Manner of Offering Securities to the Public) Regulations, 5767-2007, which is done by way of a tender for the interest rate that the Bonds will bear, when the maximum interest rate does not exceed 1.94%, and all under the conditions set out in the Shelf Offering Report ("the Units" and "the Tender", respectively). The Company was given early commitments from Classified Investors , according to which the Classified Investors undertook to submit orders in the Tender for the purchase of NIS 300,000,000 par value, liability certificates, constituting approximately 84.38% of the total Bonds offered to the public in the Tender, as set out in Section 3 of the Shelf Offering Report ("the Early Commitments"). The offer of the Bonds was not secured by underwriting. Below are the results of the Tender: 1. 40 orders were received for the purchase of 300,000 units in the Tender under the Early Commitments. 2. It was determined in the Tender, that the annual interest rate on the Bonds will be 1.94 % (The half-yearly interest rate will be 0.97 %) ("Determined Interest Rate"). 3. In the Tender, a total of 300,000 units were allocated, as follows: a.31 orders received under the Early Commitments to purchase 270,109 units, in which an interest rate higher than the Determined Interest Rate were accepted in all; b.9 orders received under the Early Commitments to purchase 29,891 units, in which the Determined Interest Rate is specified were accepted in all. 4. The total number of orders accepted in the Tender is 300,000 units, which reflect NIS 300,000,000 par value of the Bonds ("Total Orders Accepted"). 5. It should be noted that the first interest payment in respect of the Bonds, which will be paid on June 30, 2022, for the period beginning January 9, 2022 (first trading day after the Tender day) and ending June 29, 2022 (inclusive), will be at 0.91419% (when calculated on a 365-day-a-year basis, by the number of days in that period). 6. According to the results of the above Tender, the Company allocated a total of 300,000 units with a total par value of NIS 300,000,000. 7. The total (gross) consideration that the Company will receive in respect of the Bonds that will be allotted as aforesaid, is NIS 300,000,000. 8. In light of the above and following the Company's immediate reports dated December 9, 2021, December 15, 2021 and December 27, 2021 (References No.: 2021-01-107986, 2021-01-110056 & 2021-01-114286, respectively) (This information constitutes an inclusion by way of reference), regarding the decision to make full and conditional early redemption, at the Company's initiative, of the balance of the Bonds (Series 3) of the Company in the turnover (the "Early Redemption"), the condition precedent for making the Early Redemption was met, which will be carried out on the date set for that, that is - January 18, 2022. The Company expresses its gratitude to the public for its participation in the offering of the Bonds according to the Shelf Offering Report.

Attached hereto is a report on	Re: Immediate Report regarding the Results of Public Issuance - New bonds (series 6)

translation_public_tender_results_isa.pdf

	Reference to parallel Hebrew report:	2022-01-004077
	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 6, 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