The Phoenix Holdings Ltd.

Legal Proceedings Report • Sep 29, 2021

Rejection of motion to certify a claim as a class actionOn September 24th, 2021, the Regional Labor Court issued a judgment rejecting the motion to certify the claim as a class action, which was filed against The Phoenix Pension and Provident Ltd. (which was merged into The Phoenix Excellence Pension and Provident Ltd., which is a subsidiary of the Company; hereinafter: "The Phoenix Pension") and against five other companies, arguing to collect insurance premiums in respect of survivors' insurance (life insurance coverage) from policyholders who have no survivors (See details in the Immediate Report dated April 9th, 2018 (Reference No. 2018-01-029547) and in Note 7A(26) to the Company's financial statements as of June 30th, 2021 which were published on August 25th, 2021 (Reference No. 2021-01-070180)).This brings the proceeding to an end, subject to the plaintiffs' right to appeal. 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:	29/09/2021
	www.isa.gov.il			www.tase.co.il				Reference:	2021-01-081535	Time of broadcast: 18:15 18:15

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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 26 of September 2021.

Attached hereto is a report on

Rejection of motion to certify a claim as a class action On September 24th, 2021, the Regional Labor Court issued a judgment rejecting the motion to certify the claim as a class action, which was filed against The Phoenix Pension and Provident Ltd. (which was merged into The Phoenix Excellence Pension and Provident Ltd., which is a subsidiary of the Company; hereinafter: "The Phoenix Pension") and against five other companies, arguing to collect insurance premiums in respect of survivors' insurance (life insurance coverage) from policyholders who have no survivors (See details in the Immediate Report dated April 9th, 2018 (Reference No. 2018-01-029547) and in Note 7A(26) to the Company's financial statements as of June 30th, 2021 which were published on August 25th, 2021 (Reference No. 2021-01-070180)). This brings the proceeding to an end, subject to the plaintiffs' right to appeal.

translated_24_9_isa.pdf

	Reference to parallel Hebrew report:	2021-01-080770
	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: 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