Re: A Claim accompanied by a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. Notice is hereby given that a Claim has been filed in the Central District Court in Tel – Aviv against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), accompanied by a motion to certify the Claim as a class action, in the Tel – Aviv Central District Court (hereinafter collectively: "The Claim").The matter of the Claim is that The Phoenix Insurance has collected and continues to collect from policyholders, additional premium for extending insurance coverage for preventive surgeries, even though these surgeries are covered, allegedly, at the basic layer in The Phoenix Insurance's health policies.The plaintiff's argument is based, according to the Claim, on The Jerusalem District Court's decision to certify the conduct of a class action lawsuit against The Phoenix Insurance and another insurance company (See details in the Immediate Report dated January 25, 2022 (Reference No. 2022-01-010338) and in Note 43A1 (24) to the Company's financial statements as of December 31, 2021, which were published on March 29, 2022 (Reference No. 2022-01-036997). It was also noted that a similar motion for approval of a class action is pending against another insurance company.In the plaintiff's assessment, the cumulative damage to the members of the alleged group stands at a total that exceeds (by far) NIS 2.5 million.At this stage, The Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed. 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:	2022-01-051889	Time of broadcast: 21:10 21:10

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: A Claim accompanied by a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. Notice is hereby given that a Claim has been filed in the Central District Court in Tel – Aviv against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), accompanied by a motion to certify the Claim as a class action, in the Tel – Aviv Central District Court (hereinafter collectively: "The Claim"). The matter of the Claim is that The Phoenix Insurance has collected and continues to collect from policyholders, additional premium for extending insurance coverage for preventive surgeries, even though these surgeries are covered, allegedly, at the basic layer in The Phoenix Insurance's health policies. The plaintiff's argument is based, according to the Claim, on The Jerusalem District Court's decision to certify the conduct of a class action lawsuit against The Phoenix Insurance and another insurance company (See details in the Immediate Report dated January 25, 2022 (Reference No. 2022-01-010338) and in Note 43A1 (24) to the Company's financial statements as of December 31, 2021, which were published on March 29, 2022 (Reference No. 2022-01-036997). It was also noted that a similar motion for approval of a class action is pending against another insurance company. In the plaintiff's assessment, the cumulative damage to the members of the alleged group stands at a total that exceeds (by far) NIS 2.5 million. At this stage, The Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed.

_________

	Reference to parallel Hebrew report:	2022-01-050440
	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