Re: Haifa Regional Labor Court issued a decision Rejecting the main remedy in the proceeding filed against The Phoenix Pension and Provident Fund Ltd (Subsidiary) The Company announce that on January 28, 2024, the Haifa Regional Labor Court issued a ruling on the merits of the class action ("Ruling") filed against a subsidiary of the Company, The Phoenix Pension & Provident Fund Ltd.,alleging that The Phoenix Pension & Provident has refrained from paying or from paying in full the partial contributions towards benefits to anyone who does not receive a full disability pension and refrained from reporting to policyholders about the payments it made (See immediate reports dated 16 august 2021 (reference number: 2021-01-065785), 14 may 2018 (reference number: 2018-01-048028 and in note 7a(16) to the Company's financial statements for the day of 30 in September 2023, which were published on November 29, 2023 (reference no. 2023-01-107977)As part of the Ruling, the main remedy in the proceeding was rejected, and it was determined that Phoenix Pension and Provident Fund Ltd. was executing a release from payment as required. However, in the Ruling, a number of remedies relating to the form of disclosure were granted to policyholders in connection with the execution of the release from payment. The said Ruling has no material effect on the financial statements of the Company. This brought the proceedings to an end, subject to the plaintiffs' right of appeal.. 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:	01/02/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-012201	Time of broadcast: 00:29 00:29

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: Haifa Regional Labor Court issued a decision Rejecting the main remedy in the proceeding filed against The Phoenix Pension and Provident Fund Ltd (Subsidiary) The Company announce that on January 28, 2024, the Haifa Regional Labor Court issued a ruling on the merits of the class action ("Ruling") filed against a subsidiary of the Company, The Phoenix Pension & Provident Fund Ltd.,alleging that The Phoenix Pension & Provident has refrained from paying or from paying in full the partial contributions towards benefits to anyone who does not receive a full disability pension and refrained from reporting to policyholders about the payments it made (See immediate reports dated 16 august 2021 (reference number: 2021-01-065785), 14 may 2018 (reference number: 2018-01-048028 and in note 7a(16) to the Company's financial statements for the day of 30 in September 2023, which were published on November 29, 2023 (reference no. 2023-01-107977) As part of the Ruling, the main remedy in the proceeding was rejected, and it was determined that Phoenix Pension and Provident Fund Ltd. was executing a release from payment as required. However, in the Ruling, a number of remedies relating to the form of disclosure were granted to policyholders in connection with the execution of the release from payment. The said Ruling has no material effect on the financial statements of the Company. This brought the proceedings to an end, subject to the plaintiffs' right of appeal. .

_________

	Reference to parallel Hebrew report:	2024-01-009031
	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 28 January 2024 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: 31/12/2023
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