Re: A judgment by the National Labor Court, rejecting an appeal filed against Shekel Insurance Agency (2008) Ltd. and Agam Liderim (Israel) Insurance Agency (2003) Ltd.The Company is hereby announcing that a judgment was rendered by the National Labor Court on September 5, 2022, rejecting the appeal filed by the plaintiffs against the judgment of the Regional Labor Court of August 30, 2020, which rejected a motion to certify a claim as a class action which was filed against Shekel Insurance Agency (2008) Ltd. and Agam Liderim (Israel) Insurance Agency (2003) Ltd., second-tier-subsidiaries of the Company, as well as against two additional companies (Hereinafter, collectively with Shekel and Agam Liderim: "The Defendants"), and which concerns with the claim of loading the costs of the operating services provided by the Defendants in the framework of pension marketing for employees (See detailed in the Immediate Report dated October 5, 2020 (Reference No. 2020-01-108492) and in Note 7a(17) to the Company's financial statements as of June 30, 2022, which were published on August 25, 2022 (Reference No. 2022-01-087321)).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:	06/09/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-092850	Time of broadcast: 19:15 19:15

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 judgment by the National Labor Court, rejecting an appeal filed against Shekel Insurance Agency (2008) Ltd. and Agam Liderim (Israel) Insurance Agency (2003) Ltd. The Company is hereby announcing that a judgment was rendered by the National Labor Court on September 5, 2022, rejecting the appeal filed by the plaintiffs against the judgment of the Regional Labor Court of August 30, 2020, which rejected a motion to certify a claim as a class action which was filed against Shekel Insurance Agency (2008) Ltd. and Agam Liderim (Israel) Insurance Agency (2003) Ltd., second-tier-subsidiaries of the Company, as well as against two additional companies (Hereinafter, collectively with Shekel and Agam Liderim: "The Defendants"), and which concerns with the claim of loading the costs of the operating services provided by the Defendants in the framework of pension marketing for employees (See detailed in the Immediate Report dated October 5, 2020 (Reference No. 2020-01-108492) and in Note 7a(17) to the Company's financial statements as of June 30, 2022, which were published on August 25, 2022 (Reference No. 2022-01-087321)). This brings this proceeding to an end.

_________

	Reference to parallel Hebrew report:	2022-01-092685
	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