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EL AL ISRAEL AIRLINES LTD

Company Registration Number: 520017146

To:

Israel Securities Authority (ISA) (www.isa.gov.il)

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

Form Number: T087 (Public)

Date MAGNA Filed: 12/01/2026

Reference Number: 2026-01-005029

Capital, Grant of Rights to Purchase Shares and Securities Register of the Corporation and Changes Thereto

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:

Realization of Warrants (Series 3)

Explanation: Please briefly describe the nature of the change

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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.

•	•

•	•

1. The corporation's securities register after the change:

Reference numbers of previous reports on this matter:

Name & Type of Security	Security Number	Amount in Registered Capital	Issued & Paid Up Capital - Last Report	Issued & Paid Up Capital - Current	Quantity Registered in the Name of Nominee Company
Ordinary Share	1087824	1,875,000,000	556,059,626	556,291,626	556,291,034
Special State Share	1087865	1	1	1	0
El Al Warrant 3	1205467	33,405,518	33,637,518	33,405,518	33,405,518
El Al Warrant 11/22	1191014		12,755,652	12,755,652	0

Explanation: All securities of the company must be detailed, including securities not listed for trading.

2. The corporation notifies that:

On the date: 09/01/2026

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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.

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

Description of the essence of the change: Realization of Warrants (Series 3)

Explanation: Please describe the full details of the transaction or action due to which the change in the corporation's securities occurred.

Details:

1.

Registered holder for whom the change occurred: The Stock Exchange Nominee Company of the Tel Aviv Stock Exchange Ltd.
Type of identification number: Number at the Israeli Companies Registrar
Identification number: 515736817
Nature of the change: Allocation to employees
Date of change: 09/01/2026
Executed through TASE clearing house: Yes
Type & name of security changed: El Al Ordinary Share
Security number: 1087824
Holder's balance in the security in the previous report: 556,059,034
Holder's balance after the change: 556,291,034
Total amount of securities, increased/decreased: 232,000
Is this a grant of rights to purchase shares? No
Total proceeds for allocated securities: _________
TASE number of the share that will derive from the realization: _________
Amount of shares to result from full exercise/ conversion: _________
Total additional proceeds to result from full exercise/conversion: _________
Period during which the securities can be exercised: _________

From (date):
Until (date):

Will the allocated securities be registered for trading? _________
This allocation is a continuation of: _________ Published on: _________
And its reference number is: _________
The security was fully paid and the consideration was received in full.

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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.
2.
	Registered holder for whom the change occurred: The Stock Exchange Nominee Company of the Tel Aviv Stock Exchange Ltd.
	Type of identification number: Number at the Israeli Companies Registrar
	Identification number: 515736817
	Nature of the change: Exercise of warrants
	Date of change: 09/01/2026
	Executed through TASE clearing house: Yes
	Type & name of security changed: El Al Warrant 3
	Security number: 1205467
	Holder's balance in the security in the previous report: 33,637,518
	Holder's balance after the change: 33,405,518
	Total amount of securities, increased/decreased: 232,000
	Is this a grant of rights to purchase shares? No
	Total proceeds for allocated securities:
	TASE number of the share that will derive from the realization:
	Amount of shares to result from full exercise/ conversion:
	Total additional proceeds to result from full exercise/conversion:

Will the allocated securities be registered for trading? _________ This allocation is a continuation of: _________

From (date): _________

Until (date): _________

Published on: _________

And its reference number is: _________

The security was fully paid and the consideration was received in full.

Period during which the securities can be exercised: _________

Explanations:

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1. If the change affects more than one security, the effect on each security should be detailed in a separate row.
1. Date of change all changes of the same type, in the same security, done on one day should be summarized in one line. For this purpose – distinguish between changes executed through the TASE clearing house and those performed directly in the company's records.
1. For a decrease, add the sign "-".
1. In all quantity fields, enter the number of securities and not NIS (par value).

3. Main points of the shareholdings register as of the reporting date are as follows:

No.	Name of registered shareholder	Type of ID number	ID number	Security number at TASE	Type of shares & nominal value	Number of shares	Is nominee for others
1

1. Attached is a file with the shareholdings register in accordance with Section 130 of the Companies Law, 1999 Register of Shareholders 090126\_isa.pdf
1. Attached is an updated file of the corporation's securities registers, including the register of option holders and register of bond (pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם - מימושים\מרשם_ניירות_ערך_0912026\:Z](pdf.isa_0912026 Securities of Register [holders

Authorized signatories for the corporation:

No.	Signatory Name	Position
1	Sharon Braunstone-Zait	Other – Deputy CEO, Legal advisor of the company
2	Inbal Carmi	Other – Corporate Secretary

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Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), ^a report submitted pursuant to these regulations must be signed by those authorized to sign on behalf of the corporation. The ISA position paper on this matter can be found on the Authority's website: Click here.

Previous names of the reporting entity:
Name of electronic signatory: Meitalman Nahum Position: Legal Advisor Name of employing company:
Address: P.O. Box 41, Ben Gurion Airport, 70100 Phone: 03-9716713 Email: [email protected]
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: [email protected]

Date of form structure update: 06/08/2024

This is ^a translation of the official disclosure form and is provided for convenience only. In case of discrepancies, the Hebrew version prevails.

AI Terminal

El Al Israel Airlines Ltd.

6759_rns_2026-01-12_9b56e0ba-c0f6-4fb7-9f43-62d8cf8d1a58.pdf