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Posted By admin on December 13, 2021

-Convenience Translation Only

The Hebrew immediate report which was published on December 9,2021 is the binding

report-

December 12, 2021

The Phoenix Holdings Ltd. ("The Company")

Dear Madam/Sir,

Re: Notice of Conditional Full Early Redemption of the Company's Bonds

(Series 3) and Issuance Examination of New Series of Bonds

The Company is hereby announcing about the Company's BOD decision dated December 9, 2021, regarding the full conditional early redemption of the Company's Bonds (Series 3), initiated by the Company, in the total amount of NIS 283,770,005 (reflecting a payment of 1.04254 NIS in respect of each NIS 1 par value of the Company's Bonds (Series 3)), to be executed on January 4th 2022 ("Early Redemption Amount", "Early Redemption Day" and "Early Redemption", respectively), after and subject to the completion of the public offering (as the term is defined below) which the Company is examining, and all as detailed below:

1. Condition precedent for the execution of the early redemption:

-Convenience Translation Only

The Hebrew immediate report which was published on December 9,2021 is the binding

report-

It shall be emphasized that as of the date of this Immediate Report, the date of the Public Offering, the scope and terms of the New Bonds that will be offered to the public (if and insofar as they are offered), have not yet been fully determined, and what is stated in this Immediate Report does not impose any obligation on the part of the Company to act to offer the said New Bonds. It shall also be clarified that the publication of the shelf offering report is subject to all approvals required by law, including approval from the Company's BOD (including in relation with the terms and structure of the Public Offering and including in relation with the publication of the shelf offering report), approval of the TASE for listing the New Bonds for trading and approval of a rating of the New Bonds, and the publication of a shelf offering report. Accordingly, there is no certainty that the Public Offering will be realized.

Nothing in this Immediate Report constitutes a public offering or an invitation to purchase securities of the Company and any such offer, insofar as it is made, shall be specified in the framework of a shelf offering report to be published by the Company, insofar as it is published.

2. Details regarding the early redemption

The balance of Bonds (Series 3) fund of the Company in

NIS 272,191,000

turnover, which is due for Early Redemption

par value

Interest rate for the period from the date of payment of the

0.95%

previous interest (July 31, 2021) until the date of Early

Redemption

The amount of interest to be paid on the early Redemption

NIS 2,599,163

Day

Additional payment for Early Redemption

NIS 8,979,842

Early Redemption amount3

NIS 283,770,005

3 As of the date of this Immediate Report, the interest and the additional interest for the Early Redemption is calculated in respect of the outstanding balance of the Company's Bonds (Series 3), reflect a rate of 4.2540%.

-Convenience Translation Only

The Hebrew immediate report which was published on December 9,2021 is the binding

report-

It is hereby clarified that insofar as the condition precedent is not met, the full conditional Early Redemption of the Company's Bonds (Series 3) will not be made in accordance with this notice.

Respectfully,

The Phoenix Holdings Ltd.

c/o Attorney Menachem Neeman, Chief Legal Counsel and Secretary of the Company and Eli Schwartz, Chief Financial Officer

Disclaimer

The Phoenix Holdings Ltd. published this content on 12 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 December 2021 13:55:01 UTC.

Publicnow 2021

Technical analysis trends THE PHOENIX HOLDINGS LTD.

Income Statement Evolution

Read more here:

Phoenix : Conditional Full Early Redemption of the Company's Bonds (Series 3) and Issuance Examination of New Series of Bonds - marketscreener.com

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