El Al Israel Airlines Ltd.

Declaration of Voting Results & Voting Rights Announcements • Dec 23, 2025

EL AL ISRAEL AIRLINES LTD

Company Registration Number: 520017146

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T087 (Public)

Date transmitted via MAGNA: 23/12/2025

ISA website: www.isa.gov.il TASE website: www.tase.co.il Reference: 2025-01-102271

Status of Share Capital, Grant of Rights to Purchase Shares and the Registers of Securities of the Corporation and the Changes Therein

Covered by: Regulation 31e to the Securities Regulations (Immediate Periodic Reports), 1970

Covered by: Regulation 31(a) to the Securities Regulations (Immediate Periodic Reports), 1970

Covered by: Regulation 31(b1) to the Securities Regulations (Immediate Periodic Reports), 1970

Covered by: Regulation 32 to the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of Change:
-------------------	--	--	--

"Exercise of Warrants (Series 3)"

Explanation: Please briefly describe the nature of the change.

Reference Numbers of Previous Reports on the Matter: _________, _________, _________.

1. The Corporation's Securities Holdings After the Change:

Name and Type of Security	Security Number (TASE)	Quantity in Registered Capital	Issued and Paid-In Capital	Quantity Registered under Registration Company
Ordinary Share	1087824	1,875,000,000	Last Report: 554,033,591 Current: 554,053,591	554,052,999
Special State Share	1087865	1	Last Report: 1 Current: 1	0
El Al Warrant 3	1205467	35,087,427	Last Report: 35,107,427 Current: 35,087,427	35,087,427
El Al Warrant 11/22	1191014		Last Report: 12,984,666 Current: 12,984,666	0

Explanation: Please specify all of the company's securities, including securities not listed for trading.

2. The Corporation Announces That:

On the date: 22/12/2025

A change has occurred in the quantity and register of security holders (including rights to purchase shares) of the corporation as a result of:

Description of the essence of the change: Exercise of options (warrants)

Explanation: Please describe all details of the transaction or action causing the change in the corporation's securities.

Section 1

1. Name of registered holder for whom the change occurred:

Allocation of these securities is pursuant to _________ published on _________ reference number: _________

1. Name of registered holder for whom the change occurred:

Issued as part of an ATM program.

Other: _________

The security was fully paid and the consideration was fully received.

The security was fully paid but the consideration was not fully received.

The Registration Company of the TASE Ltd.
Type of identification: Israel Companies Registrar Number
Identification number: 515736817
Essence of the change: Exercise of options (warrants)
Change date: 22/12/2025
Executed via TASE clearinghouse: No
Type and name of security changed: El Al Warrant 3
TASE Security Number: 1205467
Holder's balance in security at last report: 35,107,427
Holder's balance after change: 35,087,427
Total quantity of securities increased/decreased: 20,000
Is this a grant of rights to purchase shares: No
Total proceeds for allocated securities:
TASE number of share resulting from exercise:
Quantity of shares resulting from full exercise/conversion:
Total additional consideration to be received from full exercise/conversion:
Period during which security may be exercised:
From: To:
Allocated securities will be listed for trading:
Allocation of these securities is pursuant to published on reference number:
The security was fully paid and the consideration was fully received.
The security was fully paid but the consideration was not fully received.
Issued as part of an ATM program.
Other:

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew

version. For more information, please review the legal disclaimer.

Explanations:

This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.

• 1. If the change affects more than one security, specify the effect of the change in a separate row for each security.
• 1. Change date All changes of the same type, in the same security, performed on one day, should be summed in one row. For this purpose – distinguish between changes made via the TASE clearinghouse and changes made directly in the company books.
• 1. For a decrease, add sign "-".
• 1. For all quantity fields, enter the number of securities and not NIS par value.

A change has occurred only in the register of security holders of the corporation (without change in the quantity of the corporation's securities) as a result of:

Description of the essence of the change: _________ Explanation: Please describe all details of the transaction or action causing the change in the register.

[Section for changes in security holders' register – blank in this document]

3. Key Points of the Register of Shareholders as of the Report Date are as Follows:

No.	Name of Registered	ID	ID	TASE Security	Type of Shares	Number of	Holds Shares
	Shareholder	Type	Number	Number	and Par Value	Shares	as Trustee
1

1. Attached is a file of the shareholder register according to Section 130 of the Companies Law, 1999: pdf.isa\_מרשם\_בעלי\_מניות\_221225

Alt: Register of shareholders as of 22/12/2025 (attachment PDF file)

1. Attached is an updated file of the registers of securities of the corporation, including the option-holders register and bond-holders register:

pdf.isa\_מרשם\_ניירות\_ערך\_22122025

Alt: Register of securities as of 22/12/2025 (attachment PDF file)

Details of Authorized Signatories for the Corporation:

No.	Name	Role
1	Gil Feldman	Deputy CEO, Finance
2	Inbal Carmi	Other – Company Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), any report submitted pursuant to these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on this matter can be found on the authority's website:

Click here.

Additional Information

Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange.

Short name: El Al

Address: P.O.B. 41, Ben Gurion Airport, 70100

Phone: 03-9716202, 03-9716203

Fax: 03-9717334

Email: CORPORATE@ELAL.CO.IL

Electronic Reporter Name: Yulia Zagut

Role: Legal Counsel

Company Address: Ben Gurion Airport 41, Lod 7110001

Phone: 03-9716760 Email: yuliaz@elal.co.il

There are no images in the original document. All files referenced are PDF attachments whose alt text is included as per instructions.