The Phoenix Holdings Ltd.

Legal Proceedings Report • Dec 30, 2021

Re: A claim, along with a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. Notice is hereby given that a claim, has been filed in the Tel - Aviv District Court against the Company's subsidiary, The Phoenix Insurance Company Ltd., (hereinafter: "The Phoenix Insurance"), along with a motion to certify the claim as a class action, (hereinafter collectively: the "Claim").The matter of the Claim, according to the plaintiff, is that in claims for property damage to motor vehicles (of the insured or of a third party), The Phoneix Insurance has prima facie made an unlawful reduction in the insurance compensation, owing to a failure to repair the motor vehicles or owing to the fact that the parts which were damaged were not transferred to the Company. The plaintiff did not assess the total amount of damage he alleges was caused to the members of the group, but he has noted that in his assessment it involves millions of New Shekels, and even more.The plaintiff noted that there are three pending motions to certify claims as class actions in which similar matters are being discussed against other insurance companies, where one of these is against The Phoenix Insurance (see immediate report dated 18th January 2018, Reference Number 2018-01-006126).At this stage, Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed. 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:	29/12/2021
	www.isa.gov.il			www.tase.co.il				Reference:	2021-01-116173	Time of broadcast: 22:42 22:42

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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 the 28 of December 2021.

Attached hereto is a report on

Re: A claim, along with a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. Notice is hereby given that a claim, has been filed in the Tel - Aviv District Court against the Company's subsidiary, The Phoenix Insurance Company Ltd., (hereinafter: "The Phoenix Insurance"), along with a motion to certify the claim as a class action, (hereinafter collectively: the "Claim"). The matter of the Claim, according to the plaintiff, is that in claims for property damage to motor vehicles (of the insured or of a third party), The Phoneix Insurance has prima facie made an unlawful reduction in the insurance compensation, owing to a failure to repair the motor vehicles or owing to the fact that the parts which were damaged were not transferred to the Company. The plaintiff did not assess the total amount of damage he alleges was caused to the members of the group, but he has noted that in his assessment it involves millions of New Shekels, and even more. The plaintiff noted that there are three pending motions to certify claims as class actions in which similar matters are being discussed against other insurance companies, where one of these is against The Phoenix Insurance (see immediate report dated 18th January 2018, Reference Number 2018-01-006126). At this stage, Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed.

Phoenix_2812_isa.pdf

	Reference to parallel Hebrew report:	2021-01-114802
	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 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: 15/12/2021
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