The Phoenix Holdings Ltd.

M&A Activity • Aug 29, 2023

Re: Results of a Full Tender Offer for the Shares of Gama Management and Clearing Ltd.Following the Company's report dated August 10, 2023 (reference number: 2023-01-074644) regarding a complete tender offer for the purchase of shares of Gama Management and Clearing Ltd. ("Gama"), published by Phoenix Investments and Finances Ltd., a wholly owned subsidiary of the Company ("Phoenix Investments"), the Company announces that the tender offer was accepted at a rate that allows for the forced purchase of the holdings of the offerees who did not accept the offer in accordance with the provisions of Section 337 of the Companies Law 5599-1999. After the purchase of all the shares of the offerees, Gama will become a private company (a reporting corporation) which is fully owned by Phoenix Investments. 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:	29/08/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-081286	Time of broadcast: 18:28 18:28

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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: Results of a Full Tender Offer for the Shares of Gama Management and Clearing Ltd. Following the Company's report dated August 10, 2023 (reference number: 2023-01-074644) regarding a complete tender offer for the purchase of shares of Gama Management and Clearing Ltd. ("Gama"), published by Phoenix Investments and Finances Ltd., a wholly owned subsidiary of the Company ("Phoenix Investments"), the Company announces that the tender offer was accepted at a rate that allows for the forced purchase of the holdings of the offerees who did not accept the offer in accordance with the provisions of Section 337 of the Companies Law 5599-1999. After the purchase of all the shares of the offerees, Gama will become a private company (a reporting corporation) which is fully owned by Phoenix Investments.

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	Reference to parallel Hebrew report:	2023-01-074659
	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

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: 08/08/2023
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