Re: A Claim and a Motion to Certify the Claim as a Class Action against The Phoenix Insurance Company Ltd. (subsidiary) - Immediate Report Notice is hereby given that a Claim has been filed at the District Court - Tel-Aviv against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), and against Maccabi Health Services (HMO) (Ottoman Association) (the "Defendants"), together with a request for approval as a class action, in the Tel Aviv-Yafo Regional Labor Court ("Claim"). The matter of the Claim is that Defendants mislead members of the Maccabi Health Fund regarding the statute of limitations in a the group long-term care insurance policy for Maccabi Health Fund members. Thus, it is argued that the Defendants publish in every relevant document on their website that "the statute of limitations period of the claim for payment of insurance benefits is three years from the date of the occurrence of the insurance case", while in accordance with the Insurance Contract Law, 5741-1981 ("Insurance Contract Law"), the statute of limitations is five years from the date of the occurrence of an insurance case, starting from 25 November 2020 after Amendment No. 11, 5771-2020 to the Insurance Contract Law. It was argued that the total damage to all members of the group could not be estimated at this stage, but the plaintiff noted that the estimated damage exceeded NIS 3 million. At this stage, 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	14969

	Israel Securities Authority			Tel Aviv Stock Exchange		ת150 ( Public )		Reported via MAGNA:	22/12/2023
	www.isa.gov.il			www.tase.co.il				Reference:	2023-01-139491	Time of broadcast: 00:49 00:49

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 and a Motion to Certify the Claim as a Class Action against The Phoenix Insurance Company Ltd. (subsidiary) - Immediate Report Notice is hereby given that a Claim has been filed at the District Court - Tel-Aviv against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), and against Maccabi Health Services (HMO) (Ottoman Association) (the "Defendants"), together with a request for approval as a class action, in the Tel Aviv-Yafo Regional Labor Court ("Claim"). The matter of the Claim is that Defendants mislead members of the Maccabi Health Fund regarding the statute of limitations in a the group long-term care insurance policy for Maccabi Health Fund members. Thus, it is argued that the Defendants publish in every relevant document on their website that "the statute of limitations period of the claim for payment of insurance benefits is three years from the date of the occurrence of the insurance case", while in accordance with the Insurance Contract Law, 5741-1981 ("Insurance Contract Law"), the statute of limitations is five years from the date of the occurrence of an insurance case, starting from 25 November 2020 after Amendment No. 11, 5771-2020 to the Insurance Contract Law. It was argued that the total damage to all members of the group could not be estimated at this stage, but the plaintiff noted that the estimated damage exceeded NIS 3 million. At this stage, 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:	2023-01-114997
	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	Elad Sirkis	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 December 20, 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: 05/12/2023
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: סירקיס אלעד Position of Signatory in the reporting corporation: Name of Employer Company: הפניקס חברה לביטוח בע"מ
Address: דרך השלום 53 , גבעתיים 5345433 Telephone: 074-7315656 Facsimile: 03-7238855 E-mail: Elads1@fnx.co.il 1