The Phoenix Holdings Ltd.

M&A Activity • Aug 19, 2025

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

PHOENIX FINANCIAL LTD

PHOENIX FINANCIAL LTD

Registration number: 520017450

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form T121 (Public) Transmitted via MAGNA: 19/08/2025

www.isa.gov.il www.tase.co.il Reference: 2025-01-061543

Immediate Report for General Material Information

Explanation: Do not use this form when there is a form tailored to the reported event.

This reporting form is intended for material reports for which there is no suitable dedicated form.

Results of an issuance should be reported in T20 and not in this form.

Reporting on bond ratings or corporate ratings should be submitted using form T125.

Nature of the Event:

Immediate Report

Reference numbers of previous reports on the subject:

2025-01-052174, _________, _________.

Following the immediate report of the company dated July 15, 2025 (Reference: 2025-01- 052174) regarding the indirect acquisition by the company of approximately 17.19% of the issued share capital of PHOENIX AGENCIES INSURANCE 1989 LTD, the company is pleased to report that the main suspensive conditions for the completion of the transaction have been fulfilled, including a preliminary tax ruling from the Tax Authority in accordance with Section 104H(b)(1)(e) of the Income Tax Ordinance. The parties will act to complete the transaction in the coming days.

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

Attached file: _________

The company is not a shell company as defined in the Stock Exchange regulations.

The date the corporation first became aware of the event: 18/08/2025 at 17:00

Details of the authorized signatories on behalf of the corporation:

	Name of Signatory	Position
1	Meni Naaman	Legal Advisor of the Company

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. The staff's position on the matter can be found on the Authority's website: Click here.

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange.

Form structure update date: 06/08/2024

Short name: PHOENIX

Address: 53 Derech Hashalom, Givatayim 53454 Phone: 03-7332997, 03-7338174 Fax: 03- 7238855 Email: menin@fnx.co.il

Previous names of the reporting entity: PHOENIX HOLDINGS LTD, PHOENIX ISRAEL INSURANCE COMPANY LTD

Electronic reporter name: Naaman Menachem Position: Legal Advisor Employer company name:

Address: 53 Derech Hashalom, Givatayim 53454 Phone: 03-7332997 Fax: 03-7238831 Email: menin@fnx.co.il