El Al Israel Airlines Ltd.

Major Shareholding Notification • Dec 28, 2025

EL AL Israel Airlines Ltd

Company registered number: 520017146

To:

• Israel Securities Authority [www.isa.gov.il]
• Tel Aviv Stock Exchange Ltd. [www.tase.co.il]

Form Number: T087 (Public)

Reported on Magna: 28/12/2025 Reference: 2025-01-103774

Capital Status, Grant of Rights to Purchase Shares, and Registers of the Company's Securities and Changes Therein

Regulation 31e of the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970

Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of Change:

Redemption of Warrants (Series 3)

Explanation: Briefly describe the nature of the change.

Reference Numbers for Previous Reports on the Topic:
------------------------------------------------------	--	--	--	--	--	--

_______, _______, _______.

1. The Securities Capitalization of the Corporation After the Change:

Name and Type of Security	Security No.	Quantity in Registered Capital	Issued and Paid in Capital		Quantity Recorded with Registering Company
			Previous Report	Current Quantity
Ordinary Share	1087824	1,875,000,000	554,275,305	554,422,305	554,421,713
Special State Share	1087865	1	1	1	0
EL AL Warrant 3	1205467	34,718,713	34,865,713	34,718,713	34,718,713
EL AL Warrant 11/22	1191014		12,984,666	12,984,666	0

Explanation: All company securities, including those not listed for trading, must be specified.

2. The Corporation Announces That:

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.

On date: 25/12/2025

• A change occurred in the quantity and register of securities holders (including rights to purchase shares) of the corporation as a result of:
• Description: Exercise of options

Explanation: Provide details of the transaction or action that caused the change in securities.

Section 1: Details of the Change

1. Registered holder affected by the change:

The Tel Aviv Stock Exchange Clearing House Ltd
ID Type: Other ID Number, ID Number: 515736817
Nature of change: Exercise of options
Change date: 25/12/2025
Conducted through exchange clearing house: Yes
Security type and name affected: EL AL Ordinary Share
Security No.: 1087824
Holder's balance of the security in last report: 554,274,713
Holder's balance of this security after change: 554,421,713
Total change in quantity: 147,000
Grant of rights to purchase shares: No
Total consideration for allocated securities:
Exchange security number for share arising from exercise:
Number of shares from full exercise/conversion:
Total additional redemption from full exercise/conversion:
Period during which securities may be exercised:
Starting from: Until:
Allocated securities will be listed for trading:
The allocation is further to: published on: reference:
The security was fully paid up and consideration was fully received.
The security was paid up, but consideration not fully received.
Issued for ATM Program
Other:

2. Registered holder affected by the change:

The Tel Aviv Stock Exchange Clearing House Ltd
ID Type: Registrar of Companies in Israel, ID Number: 515736817
Nature of change: Exercise of options
Change date: 25/12/2025
Conducted through exchange clearing house: No
Security type and name affected: EL AL Warrant 3
Security No.: 1205467
Holder's balance of the security in last report: 34,865,713
Holder's balance of this security after change: 34,718,713
Total change in quantity: 147,000
Grant of rights to purchase shares: No
Total consideration for allocated securities:
Exchange security number for share arising from exercise:
Number of shares from full exercise/conversion:
Total additional redemption from full exercise/conversion:
Period during which securities may be exercised:
Starting from: Until:
Allocated securities will be listed for trading:
The allocation is further to: published on: reference:
The security was fully paid up and consideration was fully received.
The security was paid up, but consideration not fully received.
Issued for 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.

Notes:

• 1. If the change affects more than one security, the impact on each should be listed in a separate row.
• 1. Change date All changes of the same type on the same security made on the same day are summarized in one line. For this matter, differentiate between changes made via the exchange clearing house and those done directly in the company's registers.
• 1. For reductions, add a "-" sign.
• 1. All quantity fields refer to the number of securities, not value in NIS par value.

3. Main Registry of Shareholders at the Reporting Date:

No.	Registered	Identification	ID	Security Number	Type and Nominal	Quantity of	Is Holder a
	Shareholder Name	Type	Number	at Exchange	Value of Shares	Shares	Trustee?
1

Attached: Shareholder register file as per Section 130 of the Companies Law, 1999

pdf.isa_מרשם_בעלי_מניות_251225

Alt: Shareholder register dated 25/12/2025 in pdf format

Attached: Updated file of the corporation's securities registers, including register of warrant holders and government bond holders

pdf.isa_מרשם_ניירות_ערך_25122025

Alt: Securities register file as of 25/12/2025 in pdf format

Details of Authorized Signatories for the Corporation:

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.

No.	Name	Position
1	Gil Feldman	Deputy CFO
2	Inbal Carmi	Other: Company Secretary

Explanation: According to Regulation 5 of the Securities (Periodic and Immediate Reports), 1970, ^a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position can be found at the Authority's website: Click Here.

Previous names of reporting entity:

Electronic signatory name: Yulia Zagut

Position: Adv./Legal Counsel

Company Address: P.O. Box 41, Ben Gurion Airport, 70100

Phone: 03-9716202, 03-9716203

Fax: 03-9717334

Email: CORPORATE@ELAL.CO.IL

Address for signatory:

Address: Ben Gurion Airport 41, Lod

Zip code: 7110001 Phone: 03-9716760 Email: yuliaz@elal.co.il

Date of form structure update: 06/08/2024

Short name: EL AL

The corporation's securities are listed for trading on the Tel Aviv Stock Exchange