Re: Central District Court issued a ruling approving an agreed motion to withdrawal from motion to certify a claim as a class action against The Phoenix Insurance Company Ltd. - Immediate ReportThe company announce that on 21 February, 2023, the Central District Court issued a ruling approving an agreed motion for the plaintiff's withdrawal from the motion to certify a claim as a class action, that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: “The Phoenix Insurance”), concerning the allegation of an increasing of insurance premiums by more than 75% than the agreed premiums in life, long-term care, and PHI Insurance policies taken out as a part of the Israel Bar Association (and potentially in other insurance policies), in 2016 without informing policyholders, obtaining their consent, or notifying them (see details in the Immediate Report dated 15 February, 2021 (reference number 2021-01-018916) (and see the statement in Note 7a1(40) in the Company's Financial Statements dated 30 September, 2022, which were published on 30 November, 2022 (reference number 2022-01-115344).This concludes the proceedings. 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:	23/02/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-017410	Time of broadcast: 19:33 19:33

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: Central District Court issued a ruling approving an agreed motion to withdrawal from motion to certify a claim as a class action against The Phoenix Insurance Company Ltd. - Immediate Report The company announce that on 21 February, 2023, the Central District Court issued a ruling approving an agreed motion for the plaintiff's withdrawal from the motion to certify a claim as a class action, that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: “The Phoenix Insurance”), concerning the allegation of an increasing of insurance premiums by more than 75% than the agreed premiums in life, long-term care, and PHI Insurance policies taken out as a part of the Israel Bar Association (and potentially in other insurance policies), in 2016 without informing policyholders, obtaining their consent, or notifying them (see details in the Immediate Report dated 15 February, 2021 (reference number 2021-01-018916) (and see the statement in Note 7a1(40) in the Company's Financial Statements dated 30 September, 2022, which were published on 30 November, 2022 (reference number 2022-01-115344). This concludes the proceedings.

_________

	Reference to parallel Hebrew report:	2023-01-017320
	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 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: 21/02/2023
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