Re: A Claim and a Motion to Certify the Claim as a Class Action Against The Phoenix Insurance Company Ltd. (subsidiary) - Immediate ReportNotice is hereby given that a Claim has been filed at the District Court – Tel Aviv-Yafo against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), accompanied by a motion to certify the claim as a class action ("Claim").The matter of the Claim is that policyholders who were insured under the "Personal Accidents" addendum, whether privately and/or collectively (which grants entitlement to weekly compensation for loss of work capacity in the profession as a result of an accident), and were recognized as incapacity to work, were paid compensation limited to a fixed period of only one or two years, even though they lost their ability to work in their profession permanently or for a period longer than one or two years, this is when the personal accidents addendum and the insurance details page did not include any time limit for the payment of compensation except for retirement age.The plaintiffs damage assessment for all the group members is claimed to be approximately NIS 80 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:	18/03/2024
	www.isa.gov.il			www.tase.co.il				Reference:	2024-01-027546	Time of broadcast: 17:04 17:04

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-Yafo against a subsidiary of the Company, The Phoenix Insurance Company Ltd. ("Phoenix Insurance"), accompanied by a motion to certify the claim as a class action ("Claim"). The matter of the Claim is that policyholders who were insured under the "Personal Accidents" addendum, whether privately and/or collectively (which grants entitlement to weekly compensation for loss of work capacity in the profession as a result of an accident), and were recognized as incapacity to work, were paid compensation limited to a fixed period of only one or two years, even though they lost their ability to work in their profession permanently or for a period longer than one or two years, this is when the personal accidents addendum and the insurance details page did not include any time limit for the payment of compensation except for retirement age. The plaintiffs damage assessment for all the group members is claimed to be approximately NIS 80 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:	2024-01-022657
	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 March 17, 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: 20/02/2024
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