The Phoenix Holdings Ltd.

Legal Proceedings Report • Mar 31, 2022

Re: The Supreme Court judgment rejecting an appeal filed against the judgment of the District Court which rejected the motion to certify a claim as a class action filed against The Phoenix Insurance Company Ltd. The Company is announcing that a judgment was rendered on 27 March, 2022, by The Supreme Court, rejecting the appeal filed by the plaintiff against the judgment of the District Court dated 5 October 2020, which rejected the motion to certify a claim as a class action filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance") as well as against 3 additional insurance companies (hereinafter, collectively: "the Defendants"), arguing that the Defendants market and sell to their customers and policyholders, health insurance policies that include coverage included in the additional health services (A.H.S), as part of their HMO membership, thereby misleading their policyholders and causing them to purchase unnecessary insurance coverage, which embody double insurance and payment (See details in the Immediate Report dated 23 November 2020 (Reference No. 2020-01-125898) and in Note 43(A)(11) to the Company's financial statements as of December 31, 2021, which were published on March 29, 2022 (Reference No. 2022-01-036997)).This brings the proceeding to an 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:	31/03/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-033969	Time of broadcast: 12:58 12:58

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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: The Supreme Court judgment rejecting an appeal filed against the judgment of the District Court which rejected the motion to certify a claim as a class action filed against The Phoenix Insurance Company Ltd. The Company is announcing that a judgment was rendered on 27 March, 2022, by The Supreme Court, rejecting the appeal filed by the plaintiff against the judgment of the District Court dated 5 October 2020, which rejected the motion to certify a claim as a class action filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance") as well as against 3 additional insurance companies (hereinafter, collectively: "the Defendants"), arguing that the Defendants market and sell to their customers and policyholders, health insurance policies that include coverage included in the additional health services (A.H.S), as part of their HMO membership, thereby misleading their policyholders and causing them to purchase unnecessary insurance coverage, which embody double insurance and payment (See details in the Immediate Report dated 23 November 2020 (Reference No. 2020-01-125898) and in Note 43(A)(11) to the Company's financial statements as of December 31, 2021, which were published on March 29, 2022 (Reference No. 2022-01-036997)). This brings the proceeding to an end.

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	Reference to parallel Hebrew report:	2022-01-037204
	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 29 March 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: 22/02/2022
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