Re: Early Stage Discussions for Purchase of Psagot Mutual Funds Ltd - Transaction Outline that was Published in the Media isn't Correct - Immediate Report Due to the various publications in the media in regard of negotiation for the purchase of Psagot Mutual Funds Ltd. shares by Kesem Mutual Funds Ltd., a granddaughter company of the Company, the Company confirms that early stage discussions between the parties has begun, yet the transaction outline, the scope of the asset being sold and the sums of the transaction that were mentioned in the various publications are not correct. 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:	03/01/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-001674	Time of broadcast: 09:51 09:51

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: Early Stage Discussions for Purchase of Psagot Mutual Funds Ltd - Transaction Outline that was Published in the Media isn't Correct - Immediate Report Due to the various publications in the media in regard of negotiation for the purchase of Psagot Mutual Funds Ltd. shares by Kesem Mutual Funds Ltd., a granddaughter company of the Company, the Company confirms that early stage discussions between the parties has begun, yet the transaction outline, the scope of the asset being sold and the sums of the transaction that were mentioned in the various publications are not correct.

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	Reference to parallel Hebrew report:	2023-01-001611
	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 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: 29/12/2022
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