The Phoenix Holdings Ltd.

Legal Proceedings Report • Jan 12, 2026

Re: Immediate report - Monetary Lawsuit filed by Phoenix Insurance (Subsidiary) in the amount of approximately NIS 550 million for damage to Israeli property insured by Phoenix InsuranceThe Company announces that The Phoenix Insurance Company Ltd., a subsidiary of the Company (�Phoenix Insurance�), filed on January 11, 2026, a monetary lawsuit in the Jerusalem District Court in the amount of approximately NIS 550 million against the Palestinian Authority (�PA�), for alleged liability for damages caused to it following the theft of about 6,000 vehicles insured by Phoenix Insurance, which were allegedly transferred to PA territories between 2018 and 2025.Phoenix Insurance claims that the PA is violating its obligations under the Oslo Accords, which have been incorporated into Israeli law regarding the protection of Israeli property and even cooperates with the vehicle theft industry.Professional opinions supporting and substantiating Phoenix Insurance�s claims were attached to the statement of claim.Simultaneously with the filing of the lawsuit, Phoenix Insurance submitted an urgent request for a one-sided temporary foreclosure order on PA funds held by the State of Israel, in order to ensure the possibility of collecting the judgment and to protect the rights of Phoenix Insurance.It is hereby clarified that, at this stage, it is not possible to determine the likelihood of success of the claim filed by Phoenix Insurance, nor to predict its outcome, the duration of the proceedings, and/or Phoenix Insurance�s ability to enforce any judgment against the PA in due course, should Phoenix Insurance prevail in the claim. 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:	12/01/2026
	www.isa.gov.il			www.tase.co.il				Reference:	2026-01-005328	Time of broadcast: 16:15 16:15

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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: Immediate report - Monetary Lawsuit filed by Phoenix Insurance (Subsidiary) in the amount of approximately NIS 550 million for damage to Israeli property insured by Phoenix Insurance The Company announces that The Phoenix Insurance Company Ltd., a subsidiary of the Company (�Phoenix Insurance�), filed on January 11, 2026, a monetary lawsuit in the Jerusalem District Court in the amount of approximately NIS 550 million against the Palestinian Authority (�PA�), for alleged liability for damages caused to it following the theft of about 6,000 vehicles insured by Phoenix Insurance, which were allegedly transferred to PA territories between 2018 and 2025. Phoenix Insurance claims that the PA is violating its obligations under the Oslo Accords, which have been incorporated into Israeli law regarding the protection of Israeli property and even cooperates with the vehicle theft industry. Professional opinions supporting and substantiating Phoenix Insurance�s claims were attached to the statement of claim. Simultaneously with the filing of the lawsuit, Phoenix Insurance submitted an urgent request for a one-sided temporary foreclosure order on PA funds held by the State of Israel, in order to ensure the possibility of collecting the judgment and to protect the rights of Phoenix Insurance. It is hereby clarified that, at this stage, it is not possible to determine the likelihood of success of the claim filed by Phoenix Insurance, nor to predict its outcome, the duration of the proceedings, and/or Phoenix Insurance�s ability to enforce any judgment against the PA in due course, should Phoenix Insurance prevail in the claim.

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	Reference to parallel Hebrew report:	2026-01-005216
	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 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