Re: A judgment by the Central District Court, approving an agreed motion for withdraw from motion to certify a claim as a class action against The Phoenix Insurance Company Ltd. The Company is hereby announcing, that on August 11, 2022, a judgment was rendered by the Central District Court approving an agreed motion for the plaintiff's withdrawal from the motion to certify of the claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (Hereinafter: "The Phoenix Insurance") as well as against two additional insurance companies (Hereinafter, collectively: "The Defendants") and which is concerned with the claim that in insurance policies covering mechanical engineering equipment the defendants determine the value of the equipment for the purpose of determining the premium according to the value of new equipment, disregarding the age of the equipment; however, in the event of total loss of equipment the defendants pay the policyholders insurance benefits in accordance with the equipment’s actual value upon the occurrence of the insurance event, taking into consideration the age of the equipment (See detailed in the Immediate Report dated August 13, 2019 (Reference No. 2019-01-069327) (and see also detailed in Note 43A1(32) to the Company's financial statements as of December 31, 2021, which were published on March 29, 2022 (Reference No. 2022-01-036997).This brings this proceeding to an end. 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:	14/08/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-083460	Time of broadcast: 17:49 17:49

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: A judgment by the Central District Court, approving an agreed motion for withdraw from motion to certify a claim as a class action against The Phoenix Insurance Company Ltd. The Company is hereby announcing, that on August 11, 2022, a judgment was rendered by the Central District Court approving an agreed motion for the plaintiff's withdrawal from the motion to certify of the claim as a class action, which was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (Hereinafter: "The Phoenix Insurance") as well as against two additional insurance companies (Hereinafter, collectively: "The Defendants") and which is concerned with the claim that in insurance policies covering mechanical engineering equipment the defendants determine the value of the equipment for the purpose of determining the premium according to the value of new equipment, disregarding the age of the equipment; however, in the event of total loss of equipment the defendants pay the policyholders insurance benefits in accordance with the equipment’s actual value upon the occurrence of the insurance event, taking into consideration the age of the equipment (See detailed in the Immediate Report dated August 13, 2019 (Reference No. 2019-01-069327) (and see also detailed in Note 43A1(32) to the Company's financial statements as of December 31, 2021, which were published on March 29, 2022 (Reference No. 2022-01-036997). This brings this proceeding to an end.

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	Reference to parallel Hebrew report:	2022-01-102331
	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: 02/08/2022
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