The Phoenix Holdings Ltd.

Legal Proceedings Report • Dec 15, 2022

Re: District court verdict orders the deletion of a plea for an authorization of a class action against ESOP The company is hereby honored to announce that on December 13, 2022, a verdict has been delivered by the district court which orders the deletion of the plea for authorization of the action as a class action (as well as of the plaintiff's personal lawsuit) which has been submitted against a great-granddaughter company of the company, ESOP Management and Trust Services Ltd. (hereinafter: "ESOP"), and which concerns the plaintiff's claim, that in a purchase order that has been executed, for the shares of the company in which he was employed and which were held by him by virtue of options he has been given, ESOP has apparently breached different obligations as part of the operation of selling the shares in the purchase order (see details in the immediate report dated December 16, 2021, reference no. 2021-01-110893 as well as in the interpretation 7a(47) of the financial reports of the company for September 30 2022, which were published on November 30, 2022 (reference no. 2022-01-115344).Thereby, this procedure has come to its end. 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:	2022-01-119892	Time of broadcast: 16:49 16:49

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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: District court verdict orders the deletion of a plea for an authorization of a class action against ESOP The company is hereby honored to announce that on December 13, 2022, a verdict has been delivered by the district court which orders the deletion of the plea for authorization of the action as a class action (as well as of the plaintiff's personal lawsuit) which has been submitted against a great-granddaughter company of the company, ESOP Management and Trust Services Ltd. (hereinafter: "ESOP"), and which concerns the plaintiff's claim, that in a purchase order that has been executed, for the shares of the company in which he was employed and which were held by him by virtue of options he has been given, ESOP has apparently breached different obligations as part of the operation of selling the shares in the purchase order (see details in the immediate report dated December 16, 2021, reference no. 2021-01-110893 as well as in the interpretation 7a(47) of the financial reports of the company for September 30 2022, which were published on November 30, 2022 (reference no. 2022-01-115344). Thereby, this procedure has come to its end.

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	Reference to parallel Hebrew report:	2022-01-119574
	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 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