The Phoenix Holdings Ltd.

Regulatory Filings • Sep 19, 2022

Re: A subsidiary entered into an agreement with Mr. Uri Omid according to which the Subsidiary will invest in a new company (under the control of the Mr. Omid) which will engage in general insuranceThe Company is hereby announcing that on September, 18, 2022, a subsidiary under its control ("The Subsidiary") entered into an agreement with Mr. Uri Omid (a person of reputation and experience in the insurance sector) ("The Entrepreneur"), according to which the Subsidiary will invest in a new company under the control of the Entrepreneur ("The New Company"), which will engage in general insurance, subject to obtaining an insurer's license in accordance with the Control of Financial Services (Insurance) Law, 5741-1981.According to the terms of the agreement, the Entrepreneur will own 60% of the issued and paid-up capital and voting rights of the New Company and 40% will be held by the Subsidiary. As part of the agreement, inter alia, instructions were set forth regarding the investment of capital by the shareholders in the New Company (to an extent that is not material to The Phoenix) regarding the management of the New Company's activities as well as provisions regarding the transferability of the New Company's shares, as is customary in agreements of this type.The transaction is subject to some preconditions, including the requirements and conditions for obtaining an insurance license and permit to control the insurer in accordance with the Control of Financial Services (Insurance) Law, 5741-1981.The Phoenix will hold 70% of the Subsidiary's share capital and Mr. Oren Cohen will own the remaining 30%. It should be noted that Mr. Oren Cohen owns 30% of the shares of Oren-Mizrah Insurance Agency Ltd., in which The Phoenix (indirectly) owns 70%. 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:	19/09/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-119314	Time of broadcast: 21:37 21:37

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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 subsidiary entered into an agreement with Mr. Uri Omid according to which the Subsidiary will invest in a new company (under the control of the Mr. Omid) which will engage in general insurance The Company is hereby announcing that on September, 18, 2022, a subsidiary under its control ("The Subsidiary") entered into an agreement with Mr. Uri Omid (a person of reputation and experience in the insurance sector) ("The Entrepreneur"), according to which the Subsidiary will invest in a new company under the control of the Entrepreneur ("The New Company"), which will engage in general insurance, subject to obtaining an insurer's license in accordance with the Control of Financial Services (Insurance) Law, 5741-1981. According to the terms of the agreement, the Entrepreneur will own 60% of the issued and paid-up capital and voting rights of the New Company and 40% will be held by the Subsidiary. As part of the agreement, inter alia, instructions were set forth regarding the investment of capital by the shareholders in the New Company (to an extent that is not material to The Phoenix) regarding the management of the New Company's activities as well as provisions regarding the transferability of the New Company's shares, as is customary in agreements of this type. The transaction is subject to some preconditions, including the requirements and conditions for obtaining an insurance license and permit to control the insurer in accordance with the Control of Financial Services (Insurance) Law, 5741-1981. The Phoenix will hold 70% of the Subsidiary's share capital and Mr. Oren Cohen will own the remaining 30%. It should be noted that Mr. Oren Cohen owns 30% of the shares of Oren-Mizrah Insurance Agency Ltd., in which The Phoenix (indirectly) owns 70%.

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	Reference to parallel Hebrew report:	2022-01-118753
	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 18 September 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: 13/09/2022
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