El Al Israel Airlines Ltd.

Major Shareholding Notification • Oct 20, 2025

EL AL ISRAEL AIRLINES LTD.

Registry Number: 520017146

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T077 (Public) Sent via MAGNA: 20/10/2025

ISA Email: www.isa.gov.il TASE Email: www.tase.co.il Reference: 2025-01-077296

Immediate Report on the Holdings of Interested Parties and Senior Officers

Regulation 33(c)-(d) of the Securities Regulations (Periodic and Immediate
Reports), 1970

Reference numbers of previous reports on the subject: _________, _________, _________.

Below is the status as of 30/09/2025:

A. Interested Parties in the Corporation (including CEO and directors, and any other employee holding five percent or more of the issued share capital or voting power):

Holder Number	Holder Name	Name, Type, and Series of Security	Updated Quantity of Securities	Holding Percentage	Holding Percentage (Fully Diluted)
1	Eli Zachary Rozenberg	Ordinary Share	250,006,006	45.4% equity, 45.4% voting	41.51% equity, 41.51% voting
2	State of Israel	Special State Share	1	0% equity, 0% voting	0% equity, 0% voting
3	Amikam Ben Zvi	EL AL Warrant 11/22	1,150,000	0% equity, 0% voting	0.24% equity, 0.24% voting
4	Dina Ganancia Ben Tal	EL AL Warrant 11/22	102,261	0% equity, 0% voting	0.02% equity, 0.02% voting

Total holding percentage: 45.4% equity, 45.4% voting

Total holding percentage (fully diluted): 41.77% equity, 41.77% voting

B. Senior Officers in the Corporation (excluding CEO and directors, and any other employee holding five percent or more):

• Do not hold securities of the corporation.
• Below is the status of holdings of senior officers in the corporation:

Holder Number	Holder Name	Name, Type, and Series of Security	Updated Quantity of Securities	Holding Percentage	Holding Percentage (Fully Diluted)
5	Yarom Joseph Vadish	EL AL Warrant 11/22	409,664	0% equity, 0% voting	0.07% equity, 0.07% voting
6	Yarom Joseph Vadish	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
7	Oren Cohen Butansky	EL AL Warrant 11/22	409,664	0% equity, 0% voting	0.07% equity, 0.07% voting
8	Oren Cohen Butansky	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
9	Hovav Ben David	EL AL Warrant 11/22	609,664	0% equity, 0% voting	0.1% equity, 0.1% voting
10	Hovav Ben David	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
11	Sharon Zait Brownstone	EL AL Warrant 11/22	659,664	0% equity, 0% voting	0.11% equity, 0.11% voting
12	Sharon Zait Brownstone	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
13	Nadav Hanin	EL AL Warrant 11/22	609,664	0% equity, 0% voting	0.1% equity, 0.1% voting
14	Nadav Hanin	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
15	Shlomo Karako	EL AL Warrant	709,664	0% equity, 0% voting	0.12% equity, 0.12% voting

Holder Number	Holder Name	Name, Type, and Series of Security	Updated Quantity of Securities	Holding Percentage	Holding Percentage (Fully Diluted)
		11/22
16	Shlomo Karako	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
17	Limor Bouzaglo	EL AL Warrant 11/22	709,664	0% equity, 0% voting	0.12% equity, 0.12% voting
18	Limor Bouzaglo	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
19	Shlomo Natan Zafrany	EL AL Warrant 11/22	709,664	0% equity, 0% voting	0.12% equity, 0.12% voting
20	Shlomo Natan Zafrany	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
21	Yacov (Yankale) Shahar	EL AL Warrant 11/22	1,154,264	0% equity, 0% voting	0.19% equity, 0.19% voting
22	Yacov (Yankale) Shahar	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting

Total holding percentage: 0.27% equity, 0.27% voting

Total holding percentage (fully diluted): 1.27% equity, 1.27% voting

Explanations:

• 1. It is also required to report holdings of other securities, including those not listed for trading.
• 1. If an interested party holds more than one type of security in the corporation, the holding percentage (including fully diluted) should be stated considering all securities held by them in a single row.
• 1. This form should detail the holdings of all interested parties, including those whose holdings have not changed.
• 1. If the interested party is a held company with significant activity for the corporation, holdings should be split between shares acquired before the Companies Law, 1999 came into effect (granting rights in equity and voting) and shares acquired after (which are dormant shares).
• 1. If the interested party is a corporation, also state the first name(s) of the ultimate controlling shareholder(s) in this corporation. If there is no controlling shareholder, provide details of the interested parties in it.
• 1. If a senior officer holds five percent or more of the issued share capital or voting power, their holdings should be detailed in the 'Interested Parties' table as specified in section A above.
• 1. If the interested party or senior officer also holds securities in a held company whose activities are significant to the corporation, details of these holdings should be provided in the 'Remarks' field in the holder's details.

Details of the Controlling Shareholder in the Corporation

• Is there a controlling shareholder in the corporation as of the date of this report? Yes
• The controlling shareholder in the corporation is:
• Eli Zachary Rozenberg (ID: 342850716)
• Was control transferred during the period described in the report? No
• Total holding percentage (%) in the corporation's equity by all controlling shareholders: 45.4

Details of the authorized signatories on behalf of the corporation:

No.	Name	Position
1	Sharon Brownstone	Other: Deputy CEO, Legal Counsel of the Company
2	Inbal Carmi	Other: Company Secretary

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. Staff position on the matter can be found on the Authority's website: Click here.

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

Short name: EL AL

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

Phone: 03-9716202, 03-9716203

Fax: 03-9717334

Email: CORPORATE@ELAL.CO.IL

Previous names of the reporting entity:

Electronic reporter name: Meitalman Nahum

Position: Legal Advisor

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

Phone: 03-9716713

Email: nahumm@elal.co.il

Form structure update date: 04/02/2025

End of document.