El Al Israel Airlines Ltd.

Major Shareholding Notification • Jan 8, 2026

EL AL ISRAEL AIRLINES LTD Immediate Report on Holdings of Interested Parties and Senior Officers

Form	T077	(Public)
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Transmitted to the MAGNA system: 08/01/2026

Reference: 2026-01-004095

To: Israel Securities Authority (www.isa.gov.il)

To: Tel Aviv Stock Exchange Ltd (www.tase.co.il)

Immediate Report on Holdings Status of Interested Parties and Senior Officers

_ Regulation 33(c)-(d) of the Securities Regulations (Periodic and Immediate Reports), 1970 _
Previous report references:,,
Below is the updated holdings status as of 31/12/2025:

A. Interested Parties in the Corporation (Including the CEO and Directors, and any other employee holding 5% or more of the issued share capital or voting power):

Holder No.	Holder Name	Name, Type & Series of Security	Updated Quantity of Securities	Holding Rate	Fully Diluted Holding Rate
1	Eli Zachary Rozenberg	Ordinary Share	250,006,006	45.11% equity, 45.11% 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	EL AL Israel Airlines Ltd.	Dormant Share	363,152	0% equity, 0% voting	0% equity, 0% voting

Total holding rate — Interested Parties:

• 45.11% equity, 45.11% voting
• Fully Diluted: 41.75% equity, 41.75% voting

B. Senior Officers in the Corporation (excluding CEO, directors, or any other employee holding 5% or more of the share capital or voting power):

☐ Do not hold securities of the corporation. ☑ The following is the holdings status of the corporation's senior officers:

Holder No.	Holder Name	Name, Type & Series of Security	Updated Quantity of Securities	Holding Rate	Fully Diluted Holding Rate
5	Oren Cohen Butansky	EL AL Warrant 11/22	409,664	0% equity, 0% voting	0.07% equity, 0.07% voting
6	Oren Cohen Butansky	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
7	Hovav Ben David	EL AL Warrant 11/22	609,664	0% equity, 0% voting	0.1% equity, 0.1% voting
8	Hovav Ben David	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
9	Sharon Zait Brownstone	EL AL Warrant 11/22	659,664	0% equity, 0% voting	0.11% equity, 0.11% voting
10	Sharon Zait Brownstone	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
11	Nadav Hanin	EL AL Warrant 11/22	609,664	0% equity, 0% voting	0.1% equity, 0.1% voting
12	Nadav Hanin	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
13	Shlomo Karako	EL AL Warrant 11/22	709,664	0% equity, 0% voting	0.12% equity, 0.12% voting
14	Shlomo Karako	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
15	Limor Bouzaglo	EL AL Warrant 11/22	709,664	0% equity, 0% voting	0.12% equity, 0.12% voting
16	Limor Bouzaglo	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
17	Shlomo Natan Zafrany	EL AL Warrant 11/22	709,664	0% equity, 0% voting	0.12% equity, 0.12% voting
18	Shlomo Natan Zafrany	Ordinary Share	181,576	0.03% equity, 0.03% voting	0.03% equity, 0.03% voting
19	Gil Feldman	EL AL Warrant 11/22	200,000	0% equity, 0% voting	0.03% equity, 0.03% voting

Total holding rate — Senior Officers:

• 0.21% equity, 0.21% voting
• Fully Diluted: 0.98% equity, 0.98% voting

Explanations and Notes

• 1. Holdings of securities other than BONDS should also be reported (including those not registered for trading).
• 1. In cases where reporting is required for holdings of BONDS not convertible into shares, it is permissible to attach the holdings status as a PDF file in the dedicated field at the end of section B, instead of entering the data in the form, all in accordance with Staff Legal Position No. 104-21: Link
• Alt: Link to PDF about Staff Legal Position 104-21
• 1. If the interested party holds more than one type of security, the holding rate (including fully diluted) must be shown for all securities held by them in one row only.
• 1. This form must detail the holdings status of all interested parties, including those whose holdings have not changed.
• 1. If the interested party is a held company with substantial activity for the corporation, separate holdings should be shown for shares acquired before and after the Corporate Law came into force.
• 1. If the interested party is a corporation, the first name(s) of the ultimate controlling shareholder(s) must be stated. If there is no controlling shareholder, the details of its interested parties shall be provided.
• 1. If a senior officer holds 5% or more, their holdings must be listed in the "Interested Parties" table as detailed in section A.
• 1. If the interested party or senior officer also holds securities in a material subsidiary, details must be provided in the "Comments" field for their entry.

Details of Key Holders (Selected Entries)

1. Eli Zachary Rozenberg

Type of holder: Interested party not covered by other definitions

ID Type: National ID number: 342850716

Nationality: Israeli individual Are held shares dormant?: No

Security number: 1087824

Shares held through: Knafey Nesharim Aviation Ltd. (Company No. 51-622716-2), a private Israeli company fully owned and controlled by the holder. On October 28, 2025, the company received consent from the special state shareholder for Kenneth Neil Rozenberg and Eli Zachary Rozenberg ("permit holders") to purchase and hold shares of the company, directly and/or through Knafey Nesharim Aviation and/or Knafey Nesharim Holdings Aviation Partnership, including controlling interest. This consent replaces a previous consent given in May 2021.

2. State of Israel

ID Type: Other identifier: 999000001 Controlling shareholder: State of Israel

Nationality: Other / Country: Israel

Held shares dormant?: No Security number: 1087865

Notes: The State of Israel holds a special state share as detailed in the company's articles.

3. Amikam Ben Zvi

Type of holder: Director/CEO

ID Type: National ID number: 50213362

Nationality: Israeli individual Held shares dormant?: No Security number: 1191014

4. EL AL Israel Airlines Ltd.

Type of holder: Reporting corporation

ID Type: Israeli company registration: 520017146

Controlling shareholder: See note for holder number 1

Held shares dormant?: Yes Security number: 1087824

Notes: The shares are dormant shares held by the company itself. They are not included in the vote count and do not grant any voting rights in shareholders' meetings.

C. As of the submission date of this report and according to law, is there a controlling shareholder in the corporation?

	☑ Yes
	☐ No

☐ Other: __________

Controlling Shareholder of the Corporation:

Eli Zachary Rozenberg (ID: 342850716)

Has control not transferred during the reported period.

Total holding rate (%) in the corporation's equity for all controlling shareholders: 45.11

Details of the authorized signatories to sign on behalf of the corporation:

#	Signatory Name	Role
1	Sharon Brownstone	Executive, Legal Advisor of the company
2	Inbal Carmi	Company Secretary

According to Regulation 5 of the Securities Regulations (Periodic and Immediate Reports, 1970), ^a report submitted under these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff guidance on this topic can be found on the Authority's website: Click here

Other Information:

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

Electronic reporting contact: Nahum Meitalman (Legal Advisor), Phone: 03-9716713, Email: nahumm@elal.co.il

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