The Phoenix Holdings Ltd.

Board/Management Information • Oct 15, 2021

-Convenience Translation Only-The Hebrew immediate report is the binding report-

October 14, 2021

The Phoenix Holdings Ltd.

("the Company")

To To www.isa.gov.il www.tase.co.il

The Securities Authority The Tel Aviv Stock Exchange Ltd.

Re: immediate report

The Company hereby announce that on October 15, 2021, Mr. Marc Vonk will cease to serve as director in the Company's subsidiary, The Phoenix Insurance Company Ltd. board of directors, for personal reasons.

Respectfully,

The Phoenix Holdings Ltd.

c/o Attorney Meni Neeman, Chief Legal Counsel and Secretary of the Company