The Phoenix Holdings Ltd. — M&A Activity 2021

Jul 1, 2021

-Convenience Translation Only-The Hebrew immediate report is the binding report-

1.7.2021

The Phoenix Holdings Ltd. ("the Company")

To To

The Securities Authority The Tel Aviv Stock Exchange Ltd.

www.isa.gov.il www.tase.co.il

Re: Completion of the Sale of the New Pension Fund Management Activity of Halman-Aldubi Provident and Pension Funds Ltd.

Following the Company's Immediate Reports from February 23, 2021 (Reference No. 2021-01-022078) and March 11, 2021 (Reference No. 2021-01-031812), and following Note 7 to the Company's annual financial statements, which were published on March 25, 2021 (Reference No. 2021-01-044709) regarding the engagement of Halman-Aldubi Provident and Pension Funds Ltd., a second tier subsidiary of the Company (hereinafter: "Halman Aldubi"), in the agreement for the sale of the activities of the new pension funds under its management to Meitav Dash Provident Funds and Pension Ltd., the Company is hereby honored to announce, that after the conditions precedent have been met, the transaction has been completed and the new pension funds of Halman Aldubi have been transferred to the management of Meitav Dash Provident Funds and Pension Ltd.

Respectfully,

The Phoenix Holdings Ltd. c/o Attorney Meni Neeman, Chief Legal Officer and Secretary of the Company