El Al Israel Airlines Ltd.

Major Shareholding Notification • Jan 8, 2026

EL AL ISRAEL AIRLINES LTD

Company Registry Number: 520017146

To:

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

Form Number: T087 (Public) Date transmitted via MAGNA: 08/01/2026

Reference: 2026-01-003392

Capital Status, Granting of Rights to Acquire Shares and Company Securities Registers and Their Changes

• 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 the Change:
"Exercise of warrants (Series 3)"
Explanation: Please briefly describe the nature of the change.
Reference numbers of previous reports on the subject:,,

1. The company's securities holdings after the change:

Name and Type of Security	Security Number	Quantity in Registered Capital	Outstanding Issued and Paid-up Capital	Recorded Under Nominee Company
Ordinary Share	1087824	1,875,000,000	Last Report: 554,905,288 Current: 555,812,080	555,811,488
Special State Share	1087865	1	Last Report: 1 Current: 1	0
EL AL Warrant 3	1205467	33,756,321	Last Report: 34,663,113 Current: 33,756,321	33,756,321
EL AL Warrant 11/22	1191014		Last Report: 11,830,402 Current: 11,830,402	0

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

2. The corporation notifies that:

On the date: 07/01/2026

A change has occurred in the quantity and registration of company securities holders (including rights to purchase shares) as a result of:

Description of the nature of the change: Exercise of warrants (Series 3)

Explanation: Please describe all details of the transaction or action for which there has been a change in company securities.

Detailed Table:

1. Name of the registered holder concerned by the change:

The Tel Aviv Stock Exchange Ltd. Nominee Company

Identification Type: Israeli Companies Registrar Number

Identification Number: 515736817

Nature of change: Exercise of options

Date of change: 07/01/2026

Performed via exchange clearing house: Yes

Type and name of security: EL AL ordinary share

Security number: 1087824

Security balance at last report: 554,904,696

Security balance after change: 555,811,488

Total quantity of securities increased/decreased: 906,792

Is it a grant of rights to purchase shares: No

Total consideration for issued securities: _________

Security number of shares to result from exercise: _________

Quantity of shares to result from full exercise/conversion: _________

Total additional proceeds upon full conversion/exercise: _________

Period in which the security can be exercised: _________

From date: _________ to date: _________

Will the allocated securities be listed for trading: _________

Allocation of said securities is further to: _________ Published on: _________ with reference number: _________

Security fully paid up and consideration fully received.

2. Name of the registered holder concerned by the change:

The Tel Aviv Stock Exchange Ltd. Nominee Company

Identification Type: Israeli Companies Registrar Number

Identification Number: 515736817

Nature of change: Exercise of options

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.
Date of change: 07/01/2026
Performed via exchange clearing house: No
Type and name of security: EL AL Warrant 3
Security number: 1205467
Security balance at last report: 34,663,113
Security balance after change: 33,756,321
Total quantity of securities increased/decreased: 906,792
Is it a grant of rights to purchase shares: No
Total consideration for issued securities:
Security number of shares to result from exercise:
Quantity of shares to result from full exercise/conversion:
Total additional proceeds upon full conversion/exercise:
Period in which the security can be exercised:
From date: to date:
Will the allocated securities be listed for trading:
Allocation of said securities is further to:
Published on: with reference number:
Security fully paid up and consideration fully received.
Notes:
1. If the change affects more than one security, detail the effect of the change in a separate row for each security.
2. Date of change – all changes of the same type, in the same security, conducted on the same day shall be summed in one row. For this purpose – separate changes conducted via the clearing house from those done directly in company books.
3. The change – for a decrease, add the symbol "-".
4. In all quantity fields, provide the quantity of securities and not NIS (par value).

Additional (NOT FILLED IN): If a change occurred only in the register of holders without change in the quantity of securities,

1. Main shareholders' register as at the report date:

describe accordingly. (All related fields blank)

No.	Registered	ID	ID	TASE Security	Share Type and	Number of	Is held as
	Shareholder Name	Type	Number	Number	Par Value	Shares	trustee
1

4. Attached file: shareholder register in accordance with Section 130 of the Companies Law, 1999

(pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם - מימושים\מרשם_בעלי_מניות_070126\:Z](pdf.isa_מרשם_בעלי_מניות_070126]

Alt: Shareholder Register File (PDF, Hebrew)

5. Attached file: updated register of the company's securities, including warrants and bondholders

(pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם - מימושים\מרשם_ניירות_ערך_07012026\:Z](pdf.isa_מרשם_ניירות_ערך_07012026]

Alt: Securities Register File (PDF, Hebrew)

Authorized Signatories on behalf of the Corporation:

No.	Name	Position
1	Sharon Braunstone Zeit	Other - VP, 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 according to these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff position paper available on the Authority website: Click here

Previous names of the reporting entity:

No previous names provided.

Electronic signatory details:

Name: Meitalman Nahum Position: Legal Advisor Employing company:

Address: POB 41, Ben Gurion Airport, Zip: 70100

Phone: 03-9716713

Fax:

Email: nahumm@elal.co.il

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

Form structure update date: 06/08/2024

TASE Symbol: EL AL

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

Phone: 03-9716202, 03-9716203

Fax: 03-9717334

Email: CORPORATE@ELAL.CO.IL

This is a translation of a capital status and securities register announcement from Hebrew to English, following the structure and language of the original document.

Images

• (pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם מימושים\מרשם_בעלי_מניות_070126\:Z](pdf.isa_מרשם_בעלי_מניות_070126]
• Alt: Shareholder Register File (PDF, Hebrew)
• (pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם מימושים\מרשם_ניירות_ערך_07012026\:Z](pdf.isa_מרשם_ניירות_ערך_07012026]
• Alt: Securities Register File (PDF, Hebrew)