The Phoenix Holdings Ltd.

Capital/Financing Update • Oct 22, 2025

Re: Public Issuance Results - The Phoenix Capital Raising (2009) Ltd. - RT1Following the Company's Immediate Reports dated August 24, 2025, August 28, 2025 and October 17, 2025, (Reference No.: 2025-01-062982, 2025-01-064709 and 2025-01-076400, respectively) (This information constitutes an inclusion by way of reference), the Company announce that second-tier subsidiary company of the Company, The Phoenix Capital Raising (2009) Ltd. ("Phoenix Capital Raising"), raised a total of NIS 500 million as part of a public offering by issuing new series of RT1 bonds (series 18)("Bonds").The terms of the Bonds are as detailed in the Shelf Offering Report, which was published by Phoenix Capital Raising on October 16, 2025 ("Shelf Offering Report").In accordance with the conditions detailed in the Shelf Offering Report, the raised amount has been deposited within The Phoenix Insurance Company Ltd., a subsidiary of the Company ("Phoenix Insurance"), 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 1 capital instrument for Phoenix Insurance. 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:	22/10/2025
	www.isa.gov.il			www.tase.co.il				Reference:	2025-01-078700	Time of broadcast: 07:16 07:16

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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:   _________   _________   _________

_________

Attached hereto is a report on

Re: Public Issuance Results - The Phoenix Capital Raising (2009) Ltd. - RT1 Following the Company's Immediate Reports dated August 24, 2025, August 28, 2025 and October 17, 2025, (Reference No.: 2025-01-062982, 2025-01-064709 and 2025-01-076400, respectively) (This information constitutes an inclusion by way of reference), the Company announce that second-tier subsidiary company of the Company, The Phoenix Capital Raising (2009) Ltd. ("Phoenix Capital Raising"), raised a total of NIS 500 million as part of a public offering by issuing new series of RT1 bonds (series 18)("Bonds"). The terms of the Bonds are as detailed in the Shelf Offering Report, which was published by Phoenix Capital Raising on October 16, 2025 ("Shelf Offering Report"). In accordance with the conditions detailed in the Shelf Offering Report, the raised amount has been deposited within The Phoenix Insurance Company Ltd., a subsidiary of the Company ("Phoenix Insurance"), 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 1 capital instrument for Phoenix Insurance.

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	Reference to parallel Hebrew report:	2025-01-078699
	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