The Phoenix Holdings Ltd.

Legal Proceedings Report • Dec 17, 2021

Re: ESOP Management & Trust Services Ltd. - Immediate ReportNotice is hereby given that a Claim has been filed in the Tel - Aviv District Court against ESOP Management & Trust Services Ltd., the Company's third-tier subsidiary (hereinafter: "ESOP"), 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 a tender offer made for company's shares, in which he was employed at and which he held by virtue of options granted to him, ESOP allegedly breached various liabilities as part of the operation of selling the shares in the aforesaid tender offer.At this stage, ESOP 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:	16/12/2021
	www.isa.gov.il			www.tase.co.il				Reference:	2021-01-110893	Time of broadcast: 23:56 23:56

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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: ESOP Management & Trust Services Ltd. - Immediate Report Notice is hereby given that a Claim has been filed in the Tel - Aviv District Court against ESOP Management & Trust Services Ltd., the Company's third-tier subsidiary (hereinafter: "ESOP"), 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 a tender offer made for company's shares, in which he was employed at and which he held by virtue of options granted to him, ESOP allegedly breached various liabilities as part of the operation of selling the shares in the aforesaid tender offer. At this stage, ESOP 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.

Report_isa.pdf

	Reference to parallel Hebrew report:	2021-01-181065
	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