Re: A ruling by the Tel Aviv District Court approving a consensual motion to remove a petition to approve a class action lawsuit against The Phoenix Insurance Company Ltd. - immediate reportThe Company is announcing that on 27 February, 2023, the Tel Aviv District Court issued a ruling approving a consensual motion to remove the plaintiffs from a petition to approve the class action lawsuit that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: “The Phoenix Insurance”), and against 12 other insurance companies (hereafter collectively: “the defendants”) and that was filed on the argument that the defendants must reimburse premiums they overcharged policyholders of motor and home insurance, due to a significant decrease in the risk they are exposed to as a result of the restrictions imposed following the outbreak of the Covid-19 pandemic, which led to a decline in mileage traveled and a significant decline in bodily harm and damage to property (see the detailed report dated 23 April, 2020 (reference number 2020-01-041259) and Note 7A(30) to 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.It should be noted that there is a pending petition filed against The Phoenix Insurance (and against other insurance companies) for approval of a similar class action in relation to motor car insurance (see details in the Immediate Report dated 21 April, 2020 (reference number 2020-01-040227) and in Note 7A(29) to the Company's Financial Statements dated 30 September, 2022, which were published on 30 November, 2022 (reference number 2022-01-115344). 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:	28/02/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-018805	Time of broadcast: 13:54 13:54

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: A ruling by the Tel Aviv District Court approving a consensual motion to remove a petition to approve a class action lawsuit against The Phoenix Insurance Company Ltd. - immediate report The Company is announcing that on 27 February, 2023, the Tel Aviv District Court issued a ruling approving a consensual motion to remove the plaintiffs from a petition to approve the class action lawsuit that was filed against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: “The Phoenix Insurance”), and against 12 other insurance companies (hereafter collectively: “the defendants”) and that was filed on the argument that the defendants must reimburse premiums they overcharged policyholders of motor and home insurance, due to a significant decrease in the risk they are exposed to as a result of the restrictions imposed following the outbreak of the Covid-19 pandemic, which led to a decline in mileage traveled and a significant decline in bodily harm and damage to property (see the detailed report dated 23 April, 2020 (reference number 2020-01-041259) and Note 7A(30) to 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. It should be noted that there is a pending petition filed against The Phoenix Insurance (and against other insurance companies) for approval of a similar class action in relation to motor car insurance (see details in the Immediate Report dated 21 April, 2020 (reference number 2020-01-040227) and in Note 7A(29) to the Company's Financial Statements dated 30 September, 2022, which were published on 30 November, 2022 (reference number 2022-01-115344).

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	Reference to parallel Hebrew report:	2023-01-018427
	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 27 February 2023 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