The Phoenix Holdings Ltd.

Regulatory Filings • Jan 9, 2026

Re: Immediate report - Results of Institutional Investors Stage - Public Offering of New Convertible Bonds (Series 7) 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:	09/01/2026
	www.isa.gov.il			www.tase.co.il				Reference:	2026-01-004235	Time of broadcast: 00:11 00:11

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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:   _________   _________   _________

Re: Immediate report - Results of Institutional Investors Stage - Public Offering of New Convertible Bonds (Series 7) Following the Company�s immediate report regarding the examination of the possibility to publish a shelf offering report, under which the Company�s bonds (Series 7), convertible into the Company�s ordinary shares (a new series) (�Bonds�), would be offered to the public in a uniform offering and listed for trading on the Tel Aviv Stock Exchange (� Stock Exchange�) according to the prospectus, and following the rating reports received by the Company from S&P Global Ratings Maalot Ltd. and from Midroog Ltd., the Company announces that on January 7, 2026, an institutional tender was held for the purchase of the Bonds, which concluded on the same day, for the purpose of obtaining early commitments from classified investors ahead of the bond issuance (if it takes place) (�Institutional Tender�). Below are the main points and results of the Institutional issuance: 1.The Bonds were offered to classified investors through a tender on the unit price (each unit includes NIS 1,000 par value of the Bonds), with the minimum unit price not to be less than NIS 1,053 2.In the Institutional stag, orders were received for the purchase of approximately NIS 624.4 million par value of Bonds, of which the Company received early commitments from classified investors (as will be detailed in the shelf offering report, if published) to purchase NIS 391.6 million par value of Bonds, at a unit price of NIS 1,053 per unit, which will serve as the minimum unit price in the public offering (if it takes place). It is clarified that the final unit price will be determined in the public tender (if held). 3.The public offering of the Bonds (if it takes place) will be conducted within the framework of a shelf offering report. It is clarified that as of the date of this immediate report, there is no certainty that the public offering of the Bonds (including the fundraising amount, its structure, and timing) will be carried out, and it is subject to obtaining the necessary approvals and permits according to law, including the Stock Exchange�s approval for the publication of the shelf offering report and for listing the Bonds and the Company�s shares resulting from the conversion of the Bonds (if converted) for trading, as well as the approvals required by the Company�s authorized organs. It is further clarified that nothing in this immediate report constitutes a commitment by the Company to carry out such a bond offering, nor does it constitute an offer to the public or an invitation to purchase the Company�s securities.

Attached hereto is a report on	Re: Immediate report - Results of Institutional Investors Stage - Public Offering of New Convertible Bonds (Series 7)

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	Reference to parallel Hebrew report:	2026-01-003317
	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 above report is a convenience translation only and the parallel Hebrew immediate report published on January 6, 2026 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