The Phoenix Holdings Ltd.

Capital/Financing Update • Aug 3, 2021

Subject: The Phoenix Capital Raising (2009) Ltd. �Trust Deed Series Twelve PublicationFollowing the Company's immediate reports dated May 27, 2021 and July 27, 2021 (the English report has been published on July 29, 2021) (Reference No. 2021-01-091977 & 2021-01-059719, respectively), the Company is pleased to announce that on August 2, 2021, The Phoenix Capital Raising (2009) Ltd. (a second-tier subsidiary of the Company) has published a trust deed for the issuance of Series 12 Deferred Liabilities Deeds (RT1) to institutional investors in a total amount of up to NIS 1.5 billion (NIS 400 million shall be issued to institutional investors through a private placement and NIS 1.1 billion shall be issued to the company in exchange for deferred liabilities deeds previously issues to the company by The Phoenix Insurance Company Ltd.). The Deferred Liabilities Deeds are expected to be listed on the Tel-Aviv Stock Exchange institutional list (the TACT). 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:	03/08/2021
	www.isa.gov.il			www.tase.co.il				Reference:	2021-01-060979	Time of broadcast: 15:04 15:04

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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 2 of August 2021.

Attached hereto is a report on

Subject: The Phoenix Capital Raising (2009) Ltd. �Trust Deed Series Twelve Publication Following the Company's immediate reports dated May 27, 2021 and July 27, 2021 (the English report has been published on July 29, 2021) (Reference No. 2021-01-091977 & 2021-01-059719, respectively), the Company is pleased to announce that on August 2, 2021, The Phoenix Capital Raising (2009) Ltd. (a second-tier subsidiary of the Company) has published a trust deed for the issuance of Series 12 Deferred Liabilities Deeds (RT1) to institutional investors in a total amount of up to NIS 1.5 billion (NIS 400 million shall be issued to institutional investors through a private placement and NIS 1.1 billion shall be issued to the company in exchange for deferred liabilities deeds previously issues to the company by The Phoenix Insurance Company Ltd.). The Deferred Liabilities Deeds are expected to be listed on the Tel-Aviv Stock Exchange institutional list (the TACT).

trust_deedd_isa.pdf

	Reference to parallel Hebrew report:	2021-01-060658
	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: 15/06/2021
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