Re: A judgment by the Regional Labor Court in Tel Aviv, rejecting a motion to certify a claim as a class action against The Phoenix Pension and Provident Fund Ltd Ltd.The Company is hereby announcing that on September 19, 2022, a judgment was rendered by the Regional Labor Court in Tel Aviv, which rejects a motion to certify a claim as a class action which was filed against a subsidiary of the Company, The Phoenix Pension and Provident Fund Ltd (hereinafter: "The Phoenix Pension and Provident") as well as against 4 management companies of additional pension funds, and which is concerned with the claim of collecting management fees for disability and survivors' benefits without disclosing this fact, and that the rate of management fees collected from such benefit recipients is the maximum permitted rate, while taking advantage of the fact that benefit recipients cannot transfer their funds and/or entitlement to such benefits elsewhere (See more details in the Immediate Report dated February 2, 2016 (Reference No. 2016-01-021967) and in Note 7a(10) 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 the proceeding to an end, subject to the plaintiff's right 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:	22/09/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-097758	Time of broadcast: 12:44 12:44

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 Regional Labor Court in Tel Aviv, rejecting a motion to certify a claim as a class action against The Phoenix Pension and Provident Fund Ltd Ltd. The Company is hereby announcing that on September 19, 2022, a judgment was rendered by the Regional Labor Court in Tel Aviv, which rejects a motion to certify a claim as a class action which was filed against a subsidiary of the Company, The Phoenix Pension and Provident Fund Ltd (hereinafter: "The Phoenix Pension and Provident") as well as against 4 management companies of additional pension funds, and which is concerned with the claim of collecting management fees for disability and survivors' benefits without disclosing this fact, and that the rate of management fees collected from such benefit recipients is the maximum permitted rate, while taking advantage of the fact that benefit recipients cannot transfer their funds and/or entitlement to such benefits elsewhere (See more details in the Immediate Report dated February 2, 2016 (Reference No. 2016-01-021967) and in Note 7a(10) 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 the proceeding to an end, subject to the plaintiff's right of appeal

_________

	Reference to parallel Hebrew report:	2022-01-119317
	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 September 19 ,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: 13/09/2022
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