The Phoenix Holdings Ltd.

Regulatory Filings • Oct 10, 2024

Re: Moody�s Ratings downgrades The Phoenix Insurance Company Ltd. (Subsidiary) IFSR to Baa1 following sovereign rating action, outlook remains negativeFollowing the downgrade of the State of Israel's international sovereign credit rating from A2 to Baa1 with negative outlook, international credit rating agency Moody's announced that they are downgrading the international rating of The Phoenix Insurance Company Ltd., a subsidiary of the Company ("Phoenix Insurance") from A2 to Baa1 with a negative outlook, while Phoenix Insurance's independent financial resilience rating remains A2.For more details, see the attached Moody's release. 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:	10/10/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-609722	Time of broadcast: 09:19 09:19

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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: Moody�s Ratings downgrades The Phoenix Insurance Company Ltd. (Subsidiary) IFSR to Baa1 following sovereign rating action, outlook remains negative Following the downgrade of the State of Israel's international sovereign credit rating from A2 to Baa1 with negative outlook, international credit rating agency Moody's announced that they are downgrading the international rating of The Phoenix Insurance Company Ltd., a subsidiary of the Company ("Phoenix Insurance") from A2 to Baa1 with a negative outlook, while Phoenix Insurance's independent financial resilience rating remains A2. For more details, see the attached Moody's release.

moodys_rating_isa.pdf

	Reference to parallel Hebrew report:	2024-01-609718
	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 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