Re: approval of a motion to certify a claim as a class action against The Phoenix Insurance Company Ltd. On January 24, 2022, the Jerusalem District Court rendered a decision approving the motion to certify the claim as a class action (hereinafter: "The Approval Decision"), which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance") as well as against another insurance company (hereinafter collectively: "The Defendants"), and which is concerned, according to the Plaintiff, with the Defendants' refusal to recognize a surgery which requires medical intervention, as an insurance event, according to the health policies issued by them, on the grounds that it is a "preventive surgery" (See more details in the Immediate Report dated June 19, 2018 (Reference No. 2018-01-059287) and in Note 7A(26) to the Company's financial statements as of September 30, 2021, which were published on November 30, 2021 (Reference No. 2021-01-173703)).As part of the Approval Decision, it was determined, that the group for whom the class action will be conducted is any person who has entered into a health insurance contract with the Defendants, which included insurance coverage for surgeries, and their claim for surgery was denied on the ground it was a "preventive" surgery not covered by the policy (even if the ground was presented differently in the rejection letter), and the common questions for the group members are, whether the Defendants violated the insurance contracts by rejecting claims for insurance coverage for surgery, claiming that this is a "preventive" surgery, and what are the remedies to which the members of the group are entitled in respect thereof.The Phoenix Insurance is studying the Approval Decision and considering its further steps. 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:	27/01/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-011367	Time of broadcast: 20:26 20:26

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 Re: approval of a motion to certify a claim as a class action against The Phoenix Insurance Company Ltd. On January 24, 2022, the Jerusalem District Court rendered a decision approving the motion to certify the claim as a class action (hereinafter: "The Approval Decision"), which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance") as well as against another insurance company (hereinafter collectively: "The Defendants"), and which is concerned, according to the Plaintiff, with the Defendants' refusal to recognize a surgery which requires medical intervention, as an insurance event, according to the health policies issued by them, on the grounds that it is a "preventive surgery" (See more details in the Immediate Report dated June 19, 2018 (Reference No. 2018-01-059287) and in Note 7A(26) to the Company's financial statements as of September 30, 2021, which were published on November 30, 2021 (Reference No. 2021-01-173703)). As part of the Approval Decision, it was determined, that the group for whom the class action will be conducted is any person who has entered into a health insurance contract with the Defendants, which included insurance coverage for surgeries, and their claim for surgery was denied on the ground it was a "preventive" surgery not covered by the policy (even if the ground was presented differently in the rejection letter), and the common questions for the group members are, whether the Defendants violated the insurance contracts by rejecting claims for insurance coverage for surgery, claiming that this is a "preventive" surgery, and what are the remedies to which the members of the group are entitled in respect thereof. The Phoenix Insurance is studying the Approval Decision and considering its further steps.

translation241_isa.pdf

	Reference to parallel Hebrew report:	2022-01-010338
	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 which was published on the 25 January 2022 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: 30/12/2021
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