The Phoenix Holdings Ltd.

Capital/Financing Update • Jul 16, 2025

Re: The Company is examining the possibility of issuing additional Series 5 and/or Series 6 bonds false

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PHOENIX FINANCIAL LTD
Corporation no: 520017450	14969
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	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	16/07/2025
	www.isa.gov.il			www.tase.co.il				Reference:	2025-01-052602	Time of broadcast: 00:19 00:19

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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:   _________   _________   _________

The Company is examining the possibility of issuing additional Series 5 and/or Series 6 bonds The Company announces that it is examining the possibility of issuing additional Series 5 bonds and/or Series 6 bonds as part of the expansion of the series(s), by way of publication of a shelf offer report pursuant to which it will be offered to the public, in a uniform offer, to be listed for trading on the Tel Aviv Stock Exchange Ltd., pursuant to a shelf prospectus of the Company published on July 8, 2025, subject date July 8, 2025 (reference no.: 2025-01-050045)(This information constitutes inclusion by reference) (the "Bonds," "TASE," and the "Offering under Consideration," respectively, and as applicable). The proceeds of the offering are expected to be used by the Company for its ongoing needs and operations and in accordance with the decisions of the Company's board of directors as they may be from time to time, all in line with the Company's goals and strategy. Furthermore, it should be noted that the Company intends to conduct a tender for classified investors (as defined in the regulations regarding the manner of offering) for each bond series, based on unit price, on Wednesday, July 16, 2025. It should be noted that the classified investors will be entitled to an early commitment fee of 0.4% of the total proceeds for the units for which they submit an early commitment, calculated according to the minimum unit price (and not according to the unit price determined in the public tender) in both bonds' series. As of this immediate reporting date, the date of the issuance under consideration and its terms have not yet been finalized, and nothing contained in this immediate report shall create any obligation on the part of the Company to act to offer such Bonds and/or to complete the Offering under Consideration. It is hereby clarified that the publication of the shelf offer report and the execution of the offer pursuant thereto (if and to the extent that it is made) is subject to receipt of all the approvals required by law, including the approval of the Company's Board of Directors (including in connection with the date of such offer and its terms and including in connection with the publication of the shelf offer report), receipt of up-to-date rating reports from S&P Global Ratings Maalot Ltd. and Midroog Ltd., receipt of TASE approval for the listing of the Bonds for trading, and publication of a shelf offer report. It should also be clarified that there is no certainty that the said proposal will be implemented. For the avoidance of doubt, it is hereby clarified that this immediate report should not be regarded as an offer or invitation to purchase securities of the Company, and any such offer or order (if made) will be specified in the framework of a shelf offer report to be published by the Company (to the extent published).

Attached hereto is a report on	Re: The Company is examining the possibility of issuing additional Series 5 and/or Series 6 bonds

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	Reference to parallel Hebrew report:	2025-01-052557
	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	Elad Sirkis	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: 06/08/2024
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 , ������� 5345433 Telephone: 074-7315656 Facsimile: 03-7238855 E-mail: Elads1@fnx.co.il 1