The Phoenix Holdings Ltd.

Legal Proceedings Report • May 30, 2024

Re: A decision issued by Haifa Regional Labor Court - approval of motion for approval of a claim as a class action against The Phoenix Insurance Company Ltd. (Subsidiary)On May 24, 2024, the Haifa Regional Labor Court issued a decision approving the motion for approval of the claim as a class action (the "Approval Decision") filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance" and the "Defendant"), which concerns the allegation that Phoenix Insurance breached its contractual obligation with regard to the insurance period in a permanent health insurance, as reflected in the insurance offer, in contrast to the policy�s provisions regarding �age for insurance purposes�; the lawsuit also deals with the claim that as part of the engagement, The Phoenix Insurance did not provide fair disclosure regarding the insurance end date (see detailed in the immediate report of June 6, 2022 (reference number 2022-01-057459) and in note 43A1(43) To the Company's financial statements for December 31, 2023, (reference number 2024-01-026677).As part of the approval decision, it was determined, inter alia, that the group on whose behalf the class action will be conducted is all of the Defendant's policyholders who were insured by the Defendant's permanent health insurance between May 19, 2015 (seven years before the date of filing the lawsuit) and May 19, 2022, in a limited manner with respect to only two appendices as defined in the Approval Decision, and when the definition of the " age for insurance purposes" qualification as raised in the proceeding by the Defendant, applies in their case according to the conditions set forth in the Approval Decision. Phoenix Insurance is studying the Approval Decision and considering its next steps, and in its assessment as long as the Approval Decision remains in place, it is expected to have a negligible impact on the company. false

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THE PHOENIX HOLDINGS LTD
Corporation no: 520017450	14969
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	Israel Securities Authority			Tel Aviv Stock Exchange		�150 ( Public )		Reported via MAGNA:	30/05/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-056610	Time of broadcast: 00:21 00:21

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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: A decision issued by Haifa Regional Labor Court - approval of motion for approval of a claim as a class action against The Phoenix Insurance Company Ltd. (Subsidiary) On May 24, 2024, the Haifa Regional Labor Court issued a decision approving the motion for approval of the claim as a class action (the "Approval Decision") filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance" and the "Defendant"), which concerns the allegation that Phoenix Insurance breached its contractual obligation with regard to the insurance period in a permanent health insurance, as reflected in the insurance offer, in contrast to the policy�s provisions regarding �age for insurance purposes�; the lawsuit also deals with the claim that as part of the engagement, The Phoenix Insurance did not provide fair disclosure regarding the insurance end date (see detailed in the immediate report of June 6, 2022 (reference number 2022-01-057459) and in note 43A1(43) To the Company's financial statements for December 31, 2023, (reference number 2024-01-026677). As part of the approval decision, it was determined, inter alia, that the group on whose behalf the class action will be conducted is all of the Defendant's policyholders who were insured by the Defendant's permanent health insurance between May 19, 2015 (seven years before the date of filing the lawsuit) and May 19, 2022, in a limited manner with respect to only two appendices as defined in the Approval Decision, and when the definition of the " age for insurance purposes" qualification as raised in the proceeding by the Defendant, applies in their case according to the conditions set forth in the Approval Decision. Phoenix Insurance is studying the Approval Decision and considering its next steps, and in its assessment as long as the Approval Decision remains in place, it is expected to have a negligible impact on the company.

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	Reference to parallel Hebrew report:	2024-01-054735
	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 on May 27, 2024 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: 07/05/2024
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