Re: An appeal on Central District Court Judgment denning a motion to certify the claim as a class action against The Phoenix Insurance Company Ltd. Following the Immediate Report dated January 5, 2022 (Reference No. 2022-01-002649), and following to the aforementioned in Note 43A(2)(11) to the Company's financial statements as of December 31, 2021, which were published on March 29, 2022 (Reference No. 2022-01-036997) regarding the Judgment of the Central District Court dated January 4, 2022, which denied the motion to certify the claim as a class action (hereinafter: "the Judgment") which was filed against a subsidiary of the company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance") as well as against five additional insurance companies (hereinafter, collectively: "the Defendants"), and which is concerned with the argument that the Defendants, allegedly and unlawfully, refrain from paying to the policyholders and third parties the VAT component applicable to the cost of damages, when the damages were not actually repaired, the Company hereby announces that the plaintiff had appealed the Judgment to the Supreme Court.The Phoenix Insurance is studying the statement of appeal. 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:	27/04/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-051886	Time of broadcast: 21:04 21:04

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:   _________   _________   _________

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Attached hereto is a report on Re: An appeal on Central District Court Judgment denning a motion to certify the claim as a class action against The Phoenix Insurance Company Ltd. Following the Immediate Report dated January 5, 2022 (Reference No. 2022-01-002649), and following to the aforementioned in Note 43A(2)(11) to the Company's financial statements as of December 31, 2021, which were published on March 29, 2022 (Reference No. 2022-01-036997) regarding the Judgment of the Central District Court dated January 4, 2022, which denied the motion to certify the claim as a class action (hereinafter: "the Judgment") which was filed against a subsidiary of the company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance") as well as against five additional insurance companies (hereinafter, collectively: "the Defendants"), and which is concerned with the argument that the Defendants, allegedly and unlawfully, refrain from paying to the policyholders and third parties the VAT component applicable to the cost of damages, when the damages were not actually repaired, the Company hereby announces that the plaintiff had appealed the Judgment to the Supreme Court. The Phoenix Insurance is studying the statement of appeal.

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	Reference to parallel Hebrew report:	2022-01-050437
	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 of April 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: 27/04/2022
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