Legal Proceedings Report • Sep 14, 2025
Legal Proceedings Report
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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.
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T053 (Public) Sent via MAGNA: 14/09/2025 Israel Securities Authority Website: www.isa.gov.il Tel Aviv Stock Exchange Website: www.tase.co.il Reference: 2025-01-069015
Note: Results of an issuance should be reported in T20 and not in this form. Note: Reporting on bond rating or corporation rating should be submitted via Form T125.
[ ] Delayed report submission
Subject: Rejection of the request for approval of a class action
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.
Further to the company's report dated April 10, 2024 (Reference: 2024-01-035725), regarding a request for approval of a class action filed against it and against EL AL Frequent Flyer Ltd. ("Frequent Flyer") in the Tel Aviv – Jaffa District Court (the "Court" and the "Approval Request", respectively), in which it was claimed that the company allegedly deletes the balance of diamonds accumulated by a member of the Frequent Flyer Club at the time it examines their eligibility for status, allegedly unlawfully and without basis in the regulations, with the alleged damage to the group members estimated by the applicant at 800,000,000 NIS, the company is honored to update that on September 11, 2025, a reasoned judgment was given which determined, among other things, that the language of the regulations is clear, while the interpretation the applicant sought to adopt has no basis in the language of the regulations. Accordingly, it was determined that the applicant did not prove the existence of a cause. The court rejected the approval request in its entirety and ordered the applicant to pay the costs of the company and Frequent Flyer.
11/09/2025 at 15:00
Date: _________
Time: _________
| # | Name | Position |
|---|---|---|
| 1 | Sharon Braunstone Zeit |
Other: Deputy CEO, Legal Counsel of the Company |
| 2 | Yaakov (Yankale) Shahar |
Deputy CEO Finance |
Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. The staff's position on the matter can be found on the authority's website: Click here.
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.
Reference numbers of previous documents on the subject (the mention does not constitute inclusion by reference):
Form structure update date: 06/08/2024
Short name: EL AL
Address: P.O. Box 41, Ben Gurion Airport, 70100 Phone: 03-9716202, 03-9716203 Fax: 03-9717334
Email: [email protected]
Previous names of the reporting entity:
Name of electronic reporter: Julia Zagot Position: Attorney/Legal Advisor Employer company name:
Address: Ben Gurion Airport 41, Lod, 7110001 Phone: 03-9716760 Fax: Email: [email protected]
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