Re: Dismissal of Appeal Filed to the Supreme Court on Judgment of the District Court in Tel Aviv-Jaffa - Phoenix Pension and Provident (Subsidiary) The Company announce that on July 7, 2025, an appeal filed by the plaintiffs to the Supreme Court was dismissed. This appeal was against the Judgment of the District Court in Tel Aviv-Jaffa dated November 22, 2022, which rejected the motion to certify a claim as a class action (hereinafter: "The Judgment"). The claim was filed against a subsidiary of the Company, The Phoenix Pension and Provident Fund Ltd., as well as against 4 management companies of additional pension funds (hereinafter, collectively: "The Defendants"). The claim concerns the allegation that the Defendants pay agents fees and commissions calculated as a percentage of the management fees charged by them, thus allegedly violating their fiduciary duties, and as a result, the management fees that plan holders are charged are higher than the appropriate rate (See detailed in the Immediate Report dated January 22, 2023 (Reference No. 2023-01-010002), and in Note 9c(3) to the Company's financial statements for March 31, 2025, which were published on May 29, 2025 (Reference No. 2025-01-038652).With this, the proceedings have come to an end. false

הפניקס פיננסים בע"מ	1 818
PHOENIX FINANCIAL LTD
Corporation no: 520017450	14969

	Israel Securities Authority			Tel Aviv Stock Exchange		ת150 ( Public )		Reported via MAGNA:	08/07/2025
	www.isa.gov.il			www.tase.co.il				Reference:	2025-01-050066	Time of broadcast: 08:35 08:35

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: Dismissal of Appeal Filed to the Supreme Court on Judgment of the District Court in Tel Aviv-Jaffa - Phoenix Pension and Provident (Subsidiary) The Company announce that on July 7, 2025, an appeal filed by the plaintiffs to the Supreme Court was dismissed. This appeal was against the Judgment of the District Court in Tel Aviv-Jaffa dated November 22, 2022, which rejected the motion to certify a claim as a class action (hereinafter: "The Judgment"). The claim was filed against a subsidiary of the Company, The Phoenix Pension and Provident Fund Ltd., as well as against 4 management companies of additional pension funds (hereinafter, collectively: "The Defendants"). The claim concerns the allegation that the Defendants pay agents fees and commissions calculated as a percentage of the management fees charged by them, thus allegedly violating their fiduciary duties, and as a result, the management fees that plan holders are charged are higher than the appropriate rate (See detailed in the Immediate Report dated January 22, 2023 (Reference No. 2023-01-010002), and in Note 9c(3) to the Company's financial statements for March 31, 2025, which were published on May 29, 2025 (Reference No. 2025-01-038652). With this, the proceedings have come to an end.

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	Reference to parallel Hebrew report:	2025-01-050058
	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 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: 06/08/2024
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 אחזקות בע"מ, 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