Re: Rating Approval (First Time) for Phoenix Insurance Agencies 1989 Ltd. (subsidiary)The Company updates that on September 7, 2025, S&P Maalot Ratings Ltd. (‘S&P Maalot’) confirmed a long-term rating of ‘ilAA+’ and a short-term rating of ‘ilA1+’ with a stable outlook for Phoenix Insurance Agencies 1989 Ltd., a subsidiary of the Company (‘Phoenix Agencies’).For further details, see the S&P Maalot rating report for Phoenix Agencies, which was published and is attached (convenience translation) 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:	13/09/2025
	www.isa.gov.il			www.tase.co.il				Reference:	2025-01-068961	Time of broadcast: 20:01 20:01

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: Rating Approval (First Time) for Phoenix Insurance Agencies 1989 Ltd. (subsidiary) The Company updates that on September 7, 2025, S&P Maalot Ratings Ltd. (‘S&P Maalot’) confirmed a long-term rating of ‘ilAA+’ and a short-term rating of ‘ilA1+’ with a stable outlook for Phoenix Insurance Agencies 1989 Ltd., a subsidiary of the Company (‘Phoenix Agencies’). For further details, see the S&P Maalot rating report for Phoenix Agencies, which was published and is attached (convenience translation)

Phoenix_Agencies_2025_Ben_isa.pdf

	Reference to parallel Hebrew report:	2025-01-067380
	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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The attached English translation of S&P rating report Hebrew version and was made for convenience and information purposes only. In case of any conflict or discrepancy between the terms of this English translation and the original version prepared in Hebrew, the Hebrew version which was publish on 7 September 2025 shall prevail. The Company make no representations as to the accuracy and reliability of the financial information in this English translation.
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