Re: The Supreme Court rendered a verdict according to which the motion to appeal filed by the plaintiffs against the ruling of the Central District Court was rejected - The Phoenix Insurance Company Ltd.The Company announce that on September 27, 2023, the Supreme Court rendered a verdict rejecting the appeal filed by the plaintiffs against the ruling of the Central District Court on January 4, 2022, which dismissed the request to approve the claim as a class action (hereinafter: "the ruling"). The claim was filed against a subsidiary of the company, The Phoenix Insurance Company Ltd. (hereinafter: "Phoenix Insurance"), and against five other insurance companies (hereinafter together: "the defendants"), which alleged that the defendants unlawfully refrained from paying its policyholders and third parties the VAT component applicable to the cost of damages when the damages have not been effectively repaired (see the detailed report from April 25, 2022 (reference number 2022-01-050437), and in Note 7(17) to the company's financial statements for June 30, 2023, which were published on August 24, 2023 (reference number 2023-01-079147)).Thus, this brings the proceeding to an end.. 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:	28/09/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-090349	Time of broadcast: 12:55 12:55

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: The Supreme Court rendered a verdict according to which the motion to appeal filed by the plaintiffs against the ruling of the Central District Court was rejected - The Phoenix Insurance Company Ltd. The Company announce that on September 27, 2023, the Supreme Court rendered a verdict rejecting the appeal filed by the plaintiffs against the ruling of the Central District Court on January 4, 2022, which dismissed the request to approve the claim as a class action (hereinafter: "the ruling"). The claim was filed against a subsidiary of the company, The Phoenix Insurance Company Ltd. (hereinafter: "Phoenix Insurance"), and against five other insurance companies (hereinafter together: "the defendants"), which alleged that the defendants unlawfully refrained from paying its policyholders and third parties the VAT component applicable to the cost of damages when the damages have not been effectively repaired (see the detailed report from April 25, 2022 (reference number 2022-01-050437), and in Note 7(17) to the company's financial statements for June 30, 2023, which were published on August 24, 2023 (reference number 2023-01-079147)). Thus, this brings the proceeding to an end..

_________

	Reference to parallel Hebrew report:	2023-01-090181
	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

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: 08/08/2023
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