EL AL Israel Airlines Ltd

Company Register Number: 520017146

To: Israel Securities Authority

To: The Tel Aviv Stock Exchange Ltd.

Form Number: T087 (Public)

Transmitted via MAGNA: 16/12/2025 Israel Securities Authority: www.isa.gov.il Tel Aviv Stock Exchange: www.tase.co.il

Reference: 2025-01-100064

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

Regulation 31E to the Securities Regulations (Periodic and Immediate Reports), 5730 – 1970 Regulation 31(a) to the Securities Regulations (Periodic and Immediate Reports), 5730 – 1970 Regulation 31(b1) to the Securities Regulations (Periodic and Immediate Reports), 5730 – 1970 Regulation 32 to the Securities Regulations (Periodic and Immediate Reports), 5730 – 1970

			Nature of the Change
--	--	--	----------------------

Redemption of warrants (Series 3)

Explanation: Please briefly describe the nature of the change.

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

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

Name and Type of Security	Security Number on TASE	Quantity in Registered Capital	Issued and Paid-up Capital (Last Report)	Issued and Paid up Capital (Current)	Quantity Listed under Nominee Company
Ordinary Share	1087824	1,875,000,000	553,141,652	553,154,652	553,154,060
Special State Share	1087865	1	1	1	0
El Al Warrant 3	1205467	35,986,366	35,999,366	35,986,366	35,986,366
El Al Warrant 11/22	1191014		12,984,666	12,984,666	0

Explanation: Please detail all the securities of the company, including non-listed securities.

2. The Corporation Reports That:

On the date: 15/12/2025

A change occurred in the amount and register of the holders of the corporation's securities (including rights to purchase shares) as a result of:

Description of the nature of the change: Exercise of options

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

Details of Change (Section 1):

1. Registered Holder Name Affected: The Company for Registration of the Tel Aviv Stock Exchange Ltd.
Type of Identification Number: Other Identification Number
Identification Number: 515736817
Nature of Change: Exercise of options
Date of Change: 15/12/2025
Executed through TASE Clearing House: Yes
Type and Name of Security Affected: El Al Ordinary Share
TASE Security Number: 1087824
Holder's Security Balance Last Report: 553,141,060
Holder's Security Balance After Change: 553,154,060
Total Quantity Change: 13,000
Is this Granting Rights to Purchase Shares: No
Total Consideration for Securities Issued:
TASE Number of Share Resulting from Exercise:
Number of Shares Resulting from Full Exercise/Conversion:
Total Additional Proceeds from Full Exercise/Conversion:
Period Securities Can Be Exercised:
From: To:
Securities Allocated Will Be Listed for Trading:
Allocation of Securities Is In Continuation of: (published on:, reference:)
The security was fully paid up and the consideration fully received.
The security was fully paid up, but the consideration was not fully received.
Issued under ATM program
Other


2. Registered Holder Name Affected: The Company for Registration of the Tel Aviv Stock Exchange Ltd.
Type of Identification Number: Company register number in Israel
Identification Number: 515736817
Nature of Change: Exercise of options
Date of Change: 15/12/2025
Executed through TASE Clearing House: No
Type and Name of Security Affected: El Al Warrant 3
TASE Security Number: 1205467
Holder's Security Balance Last Report: 35,999,366
Holder's Security Balance After Change: 35,986,366
Total Quantity Change: 13,000
Is this Granting Rights to Purchase Shares: No
Total Consideration for Securities Issued:
TASE Number of Share Resulting from Exercise:
Number of Shares Resulting from Full Exercise/Conversion:
Total Additional Proceeds from Full Exercise/Conversion:
Period Securities Can Be Exercised:
From: To:
Securities Allocated Will Be Listed for Trading:
Allocation of Securities Is In Continuation of: (published on:, reference:)
The security was fully paid up and the consideration fully received.
The security was fully paid up, but the consideration was not fully received.
Issued under ATM program

Explanations:

1. If the change affects more than one security, specify the impact for each security on a separate line.
1. Change date all changes of the same type, in the same security, made on the same day, should be summarized in one line. For this purpose, distinguish between changes made via TASE Clearing House and those made directly in the company's books.
1. For a decrease, add the "-" sign.
1. In all quantity fields, enter the number of securities, not monetary amounts in par value ("נ.ע(".

3. Main Shareholder Register as of the Report Date:

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

4. Attached File: Shareholder Register according to Section 130 of the Companies Law, 5759 – 1999

(pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם - מימושים\מרשם_בעלי_מניות_151225\:Z](pdf.isa_מרשם_בעלי_מניות_151225]

Alt: Shareholder Register file, dated 15/12/2025, for El Al Israel Airlines Ltd.

5. Attached File: Updated Register of the Corporation's Securities Holdings, Including Warrant and Bond Registers

(pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם - מימושים\מרשם_ניירות_ערך_151225\:Z](pdf.isa_מרשם_ניירות_ערך_151225]

Alt: Updated Securities Register file, dated 15/12/2025, for El Al Israel Airlines Ltd.

Authorized Signatories for the Corporation:

No.	Name Role
1	Gil Feldman	Chief Financial Officer
2	Inbal Carmi	Other (Corporate Secretary)

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), ^a report pursuant to these regulations must be signed by the authorized signatories for the corporation. For staff position on this matter, see the Israel Securities Authority website: Click here

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: [email protected]

Previous Names of Reporting Entity:

Electronic Reporter Name: Nahum Meitalman

Role: Legal Advisor

Employer Name:

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

Phone: 03-9716713

Email: [email protected]

Form structure update date: 06/08/2024

AI Terminal

El Al Israel Airlines Ltd.

6759_rns_2025-12-16_776f41a0-be0a-4bde-b704-45cc214249e2.pdf