The Phoenix Holdings Ltd.

M&A Activity • Oct 14, 2021

Obtaining an Approval from the Competition Authority regarding an Agreement to Sale the Control in Ad 120 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:	14/10/2021
	www.isa.gov.il			www.tase.co.il				Reference:	2021-01-156198	Time of broadcast: 21:14 21:14

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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:   _________   _________   _________

Re: Obtaining an Approval from the Competition Authority regarding an Agreement to Sale the Control in Ad 120 Following the Immediate Reports dated January 28th, 2021 (Reference No. 2021-01-011200), August 1st, 2021 (Reference No. 2021-01-059806) and September 22nd, 2021 (Reference No. 2021-01-147942), which are incorporate herein by reference, the Company is hereby honored to announce that on October 14, 2021, an approval from the Israeli Competition Authority was received (which approval is not subject to any conditions) for the sale of control (53%) in Ad 120 Retirement Centers for Senior Citizens Ltd., which is wholly owned (directly and indirectly) by The Phoenix Insurance Company Ltd. (the Company's subsidiary), to Shapir Housing and Building Ltd., a wholly owned subsidiary of Shapir Engineering and Industry Ltd. The completion of the sale of control is expected by the end of October 2021. The above information constitutes forward-looking information, as defined in the Securities Law, 5728-1968, and is based on the information and estimates of the Company as of this date. Such information and assessments may not materialize, even due to factors that are unknown to the Company and The Phoenix Insurance Ltd. as of this date and are not under their control.

Attached hereto is a report on	Obtaining an Approval from the Competition Authority regarding an Agreement to Sale the Control in Ad 120

translation1410_isa.pdf

	Reference to parallel Hebrew report:	2021-01-088000
	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 above and 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: 10/08/2021
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