Re: Immediate report regarding a notice received from the Company’s controlling shareholders Attached is a notice that was delivered to the Company by Belenus Lux S.a.r.l ("Belenus") which is owned by the controlling shareholders of the Company.It should be noted that the notice from Belenus includes forward-looking information as defined in the Securities Law, 1968, and is based on the intentions of the controlling shareholders in relation to their holdings in the company. The completion of the steps described in the notice requires, among other things, the completion of a due diligence process, the signing of detailed agreements and the receipt of approvals and permits, including from the Insurance and Savings Capital Market Authority and the Securities Authority. Therefore, there is no certainty regarding the completion of the process and the information in the attached notice may not materialize in practice, as a result of factors beyond the control of Belenus and the controlling shareholders, including the possibility that the conditions elaborated in the notice may not be met. 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:	13/12/2022
	www.isa.gov.il			www.tase.co.il				Reference:	2022-01-150547	Time of broadcast: 19:08 19:08

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: Immediate report regarding a notice received from the Company’s controlling shareholders Attached is a notice that was delivered to the Company by Belenus Lux S.a.r.l ("Belenus") which is owned by the controlling shareholders of the Company. It should be noted that the notice from Belenus includes forward-looking information as defined in the Securities Law, 1968, and is based on the intentions of the controlling shareholders in relation to their holdings in the company. The completion of the steps described in the notice requires, among other things, the completion of a due diligence process, the signing of detailed agreements and the receipt of approvals and permits, including from the Insurance and Savings Capital Market Authority and the Securities Authority. Therefore, there is no certainty regarding the completion of the process and the information in the attached notice may not materialize in practice, as a result of factors beyond the control of Belenus and the controlling shareholders, including the possibility that the conditions elaborated in the notice may not be met.

Belenus_notification_isa.pdf

	Reference to parallel Hebrew report:	2022-01-150541
	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 .

2 2

note that the attached report is a convenience translation only and the parallel Hebrew immediate report which 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: 13/12/2022
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