The Phoenix Holdings Ltd.

Major Shareholding Notification • Jul 28, 2021

Subject: Universal Motors Israel Ltd. � Obtaining a Permit to Hold Up to 15% of the Means of Control in the CompanyThe Company is hereby updating, that from information forwarded to it by Universal Motors Israel Ltd. ("UMI") on July 26th, 2021, The Commissioner of the Capital Market, Insurance and Savings Authority (the "Commissioner") granted the beneficial shareholders in UMI (the "Permit Holders") a permit to hold up to 15% of the means of control in the Company and the institutional bodies controlled by it.As of the reporting date, UMI, the Permit Holders and Mr. Benjamin Gabbay, who is the Chairman of the Company's BOD and who also serves as co-CEO and Senior Finance Officer at UMI (and is family member of one of the Permit Holders), hold together about 5.02% of the Company's shares.the information was initially received by the Company today at 12:15 (Israel time) 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:	27/07/2021
	www.isa.gov.il			www.tase.co.il				Reference:	2021-01-058678	Time of broadcast: 22:38 22:38

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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

Subject: Universal Motors Israel Ltd. � Obtaining a Permit to Hold Up to 15% of the Means of Control in the Company The Company is hereby updating, that from information forwarded to it by Universal Motors Israel Ltd. ("UMI") on July 26th, 2021, The Commissioner of the Capital Market, Insurance and Savings Authority (the "Commissioner") granted the beneficial shareholders in UMI (the "Permit Holders") a permit to hold up to 15% of the means of control in the Company and the institutional bodies controlled by it. As of the reporting date, UMI, the Permit Holders and Mr. Benjamin Gabbay, who is the Chairman of the Company's BOD and who also serves as co-CEO and Senior Finance Officer at UMI (and is family member of one of the Permit Holders), hold together about 5.02% of the Company's shares. the information was initially received by the Company today at 12:15 (Israel time)

UMI_isa.pdf

	Reference to parallel Hebrew report:	2021-01-058453
	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