The Phoenix Holdings Ltd.

Capital/Financing Update • Jul 31, 2022

Re: Public Issuance Results - The Phoenix Capital Raising (2009) Ltd.Following the Company's Immediate Report of July 26, 2022 (Reference No.: 2022-01-078564) (This information constitutes an inclusion by way of reference), the Company is hereby announce that a granddaughter company of the Company, The Phoenix Capital Raising (2009) Ltd. (Hereinafter: "The Phoenix Capital Raising"), raised a total of NIS 400 million as part of a public offering (by issuing a new series and expanding an existing series) Bonds (series 13) and Bonds (series 11) (Hereinafter: "Bonds").The terms of the Bonds are as detailed in the Shelf Offering Reports according to the shelf prospectus of The Phoenix Capital Raising, which dated August 16, 2019, and whose validity has been extended until August 15, 2022, according to a permit granted by the Securities Authority and which were published by The Phoenix Capital Raisings (Hereinafter: "Shelf Offering Reports").In accordance with the conditions detailed in the Shelf Offering Reports, the raising amount will be deposited within The Phoenix Insurance Company Ltd. (Hereinafter: "The Phoenix"), a subsidiary of the Company, for use at its own discretion and responsibility.The Bonds were recognized by the Commissioner of the Capital Market, Insurance and Savings Authority at the Ministry of Finance as a Tier 2 capital instrument in the hands of The Phoenix. 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:	31/07/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-079125	Time of broadcast: 09:14 09:14

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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: Public Issuance Results - The Phoenix Capital Raising (2009) Ltd. Following the Company's Immediate Report of July 26, 2022 (Reference No.: 2022-01-078564) (This information constitutes an inclusion by way of reference), the Company is hereby announce that a granddaughter company of the Company, The Phoenix Capital Raising (2009) Ltd. (Hereinafter: "The Phoenix Capital Raising"), raised a total of NIS 400 million as part of a public offering (by issuing a new series and expanding an existing series) Bonds (series 13) and Bonds (series 11) (Hereinafter: "Bonds"). The terms of the Bonds are as detailed in the Shelf Offering Reports according to the shelf prospectus of The Phoenix Capital Raising, which dated August 16, 2019, and whose validity has been extended until August 15, 2022, according to a permit granted by the Securities Authority and which were published by The Phoenix Capital Raisings (Hereinafter: "Shelf Offering Reports"). In accordance with the conditions detailed in the Shelf Offering Reports, the raising amount will be deposited within The Phoenix Insurance Company Ltd. (Hereinafter: "The Phoenix"), a subsidiary of the Company, for use at its own discretion and responsibility. The Bonds were recognized by the Commissioner of the Capital Market, Insurance and Savings Authority at the Ministry of Finance as a Tier 2 capital instrument in the hands of The Phoenix.

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	Reference to parallel Hebrew report:	2022-01-078840
	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 that was published on 28 July 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: 07/06/2022
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