The Phoenix Holdings Ltd.

Legal Proceedings Report • Dec 15, 2022

Re: A petition submitted plaintiffs to the Supreme Court sitting as the High Court of Justice against second-tier subsidiary companies The company announcing that on 12 December, 2022, a petition was submitted by the plaintiffs to the Supreme Court sitting as the High Court of Justice to annul the ruling that was given on 5 September, 2022 by the National Labor Court, which rejected the appeal filed by the plaintiffs against the ruling by the Regional Labor Court dated 30 August, 2020, which rejected the application for approval of the class action filed against Shekel Insurance Agency (2008) Ltd. (hereinafter: �Shekel�) and against Agam Liderim (Israel) Insurance Agency (2003) Ltd. (hereinafter: �Agam Liderim�), which are second-tier subsidiary companies of the company, and against two other companies (hereinafter, includingwith Shekel and Agam Liderim together: �the defendants�), and which concerns the allegation of burdening the costs of the operating services provided by the defendants as part of marketing pension to employees (for details, see the Immediate Report dated 6 September, 2022 (reference number 2022-01-092685), and note 7b(8) of the company's financial statements dated 30 September 2022, which were published on 30 November, 2022 (reference number 2022-01-115344)).It should be noted that the petition was also filed against the Commissioner of the Capital Market, Insurance and Savings Authority.Shekel and Agam Liderim are studying the petition. 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:	15/12/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-119565	Time of broadcast: 07:59 07:59

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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:   _________   _________   _________

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Attached hereto is a report on

Re: A petition submitted plaintiffs to the Supreme Court sitting as the High Court of Justice against second-tier subsidiary companies The company announcing that on 12 December, 2022, a petition was submitted by the plaintiffs to the Supreme Court sitting as the High Court of Justice to annul the ruling that was given on 5 September, 2022 by the National Labor Court, which rejected the appeal filed by the plaintiffs against the ruling by the Regional Labor Court dated 30 August, 2020, which rejected the application for approval of the class action filed against Shekel Insurance Agency (2008) Ltd. (hereinafter: �Shekel�) and against Agam Liderim (Israel) Insurance Agency (2003) Ltd. (hereinafter: �Agam Liderim�), which are second-tier subsidiary companies of the company, and against two other companies (hereinafter, includingwith Shekel and Agam Liderim together: �the defendants�), and which concerns the allegation of burdening the costs of the operating services provided by the defendants as part of marketing pension to employees (for details, see the Immediate Report dated 6 September, 2022 (reference number 2022-01-092685), and note 7b(8) of the company's financial statements dated 30 September 2022, which were published on 30 November, 2022 (reference number 2022-01-115344)). It should be noted that the petition was also filed against the Commissioner of the Capital Market, Insurance and Savings Authority. Shekel and Agam Liderim are studying the petition.

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	Reference to parallel Hebrew report:	2022-01-119262
	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 which was published on 14 December 2022 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: 13/12/2022
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