The Phoenix Holdings Ltd.

Regulatory Filings • Feb 12, 2008

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C002�������� ������� ��"�2PublicBLUEPHOENIX SOLUTIONS LTD.2604Corporation no: 520043068Stock Exchange/Market: ��������624380Maskit 8 , Herzlia 46120 , ,Tel: 09-9526110 , Fax: 09-9526111E.mail address: yperetz@il.bphx.comDate of transmission: 12/02/2008              Time of broadcast: 12:17 12:10:34

Reference: 2008-02-042243

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Immediate ReportRegulation 4 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000

The corporation is a foreign private issuer as defined by U.S. Securities Laws.
Attached hereto is a report on BLUEPHOENIX ANNOUNCES: PHOENIX ASSURANCE COMPANY ADOPTS BLUEPHOENIX SOLUTION THAT SETS FOUNDATION FOR SOA ENVIRONMENT
phoenixfinal12022008_isa.pdf

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous names of reporting entity: CRYSTAL SYSTEMS SOLUTIONS LTD.
Date of revision of form structure: 07/01/2008
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Name of the Signatory: : Peretz Yael , Name of Employer Company: , Position of Signatory in the reporting corporation: Legal Counsel
Maskit Telephone: 09-9526109 , Facsimile: 09-9526111 , E-mail: yperetz@il.bphx.com 2