Re: A Claim accompanied by a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. - Immediate ReportNotice is hereby given that a Claim has been filed at the District Court - Haifa against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), as well as against an additional insurance company, accompanied by a motion to certify the claim as a class action (hereinafter, collectively: "The Claim").The matter of the Claim is that in loss of working capacity policies, the defendants collected monthly insurance premiums close to the date specified as the end of the insurance, for the last number of months that overlap the length of the last possible waiting period defined in each insurance contract for loss of working capacity, in which, according to the insurance contracts, it is claimed, the defendants have no liability to pay any insurance compensation.The total damage claimed for all group members was not assessed by the plaintiffs, however, they stated that the damage to the two alleged groups amounts to millions of NIS.At this stage, The Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed. 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:	04/04/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-034207	Time of broadcast: 23:53 23:53

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 Claim accompanied by a motion to certify the Claim as a class action against The Phoenix Insurance Company Ltd. - Immediate Report Notice is hereby given that a Claim has been filed at the District Court - Haifa against a subsidiary of the Company, The Phoenix Insurance Company Ltd. (hereinafter: "The Phoenix Insurance"), as well as against an additional insurance company, accompanied by a motion to certify the claim as a class action (hereinafter, collectively: "The Claim"). The matter of the Claim is that in loss of working capacity policies, the defendants collected monthly insurance premiums close to the date specified as the end of the insurance, for the last number of months that overlap the length of the last possible waiting period defined in each insurance contract for loss of working capacity, in which, according to the insurance contracts, it is claimed, the defendants have no liability to pay any insurance compensation. The total damage claimed for all group members was not assessed by the plaintiffs, however, they stated that the damage to the two alleged groups amounts to millions of NIS. At this stage, The Phoenix Insurance is studying the details of the Claim, and therefore the chances of its approval as a class action cannot be assessed, and if it is approved, the chances of its success cannot be assessed .

_________

	Reference to parallel Hebrew report:	2023-01-034018
	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: 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