Subject: The Phoenix Insurance Company Ltd. - Immediate ReportThe Company is hereby honored to announce that the District Court rendered today a Judgment dismissing the request for approval of a class action lawsuit which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter "The Phoenix Insurance") and against 6 additional insurance companies (hereinafter collectively "The Defendants"), claiming to allegedly collect excess insurance premiums in employers' liability insurance and third-party insurance (as part of business insurance policies), despite the reduction in the extent of the arrival of employees and third parties to businesses due to the Covid-19 and the restrictions imposed thereunder, which constitutes, allegedly, a substantial reduction in the level of risk to which the Defendants are exposed (see the Immediate Report dated April 26th, 2020 (Reference No. 2020-01-041790) and note 7(a)(47) to the Company's financial statements as of March 31st, 2021, which were published on May 27th, 2021 (Reference No. 2021-01-031600)).Thus, the proceeding came to an end, subject to the Plaintiffs' right to appeal.It shall be noted that requests for approval of similar class actions lawsuits are pending against The Phoenix Insurance (and against other insurance companies) (See details in Note 7(a)(45) and 7(a)(46) to the Company's financial statements as of March 31st, 2021, which were published on May 27th, 2021 (Reference No. 2021-01-031600)). The date on which the Judgment was received by The Phoenix Insurance is today at 11:30 a.m. false

הפניקס אחזקות בע"מ	1 818
THE PHOENIX HOLDINGS LTD
Corporation no: 520017450	10820

	Israel Securities Authority			Tel Aviv Stock Exchange		ת150 ( Public )		Reported via MAGNA:	04/08/2021
	www.isa.gov.il			www.tase.co.il				Reference:	2021-01-061678	Time of broadcast: 21:11 21:11

English language report to Israeli corporate

This 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 Subject: The Phoenix Insurance Company Ltd. - Immediate Report The Company is hereby honored to announce that the District Court rendered today a Judgment dismissing the request for approval of a class action lawsuit which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter "The Phoenix Insurance") and against 6 additional insurance companies (hereinafter collectively "The Defendants"), claiming to allegedly collect excess insurance premiums in employers' liability insurance and third-party insurance (as part of business insurance policies), despite the reduction in the extent of the arrival of employees and third parties to businesses due to the Covid-19 and the restrictions imposed thereunder, which constitutes, allegedly, a substantial reduction in the level of risk to which the Defendants are exposed (see the Immediate Report dated April 26th, 2020 (Reference No. 2020-01-041790) and note 7(a)(47) to the Company's financial statements as of March 31st, 2021, which were published on May 27th, 2021 (Reference No. 2021-01-031600)). Thus, the proceeding came to an end, subject to the Plaintiffs' right to appeal. It shall be noted that requests for approval of similar class actions lawsuits are pending against The Phoenix Insurance (and against other insurance companies) (See details in Note 7(a)(45) and 7(a)(46) to the Company's financial statements as of March 31st, 2021, which were published on May 27th, 2021 (Reference No. 2021-01-031600)). The date on which the Judgment was received by The Phoenix Insurance is today at 11:30 a.m.

translate48_isa.pdf

	Reference to parallel Hebrew report:	2021-01-061498
	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 & Company 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 .

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note that the attached report is a convenience translation only and the parallel Hebrew immediate report is the binding report.
References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Stock Exchange/Market: הפניקס	Date of revision of form structure: 15/06/2021
Address: דרך השלום 53 , גבעתיים 53454   , Tel: 03-7332997 , 03-7338174 Fax: 03-7238855
E-mail address: menin@fnx.co.il
Previous names of reporting entity: הפניקס הישראלי חברה לבטוח בע"מ
Name of the Signatory: נאמן מנחם Position of Signatory in the reporting corporation: Name of Employer Company:
Address: דרך השלום 53 , גבעתיים 53454 Telephone: 03-7332997 Facsimile: 03-7238831 E-mail: menin@fnx.co.il 1