El Al Israel Airlines Ltd.

Major Shareholding Notification • Jan 13, 2026

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EL AL ISRAEL AIRLINES LTD

Registry Number: 520017146

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd Form Number: T087 (Public)

Date Filed via MAGNA: 13/01/2026

Reference: 2026-01-005513

Share Capital Status, Grant of Rights to Acquire Shares, and Registers of the Company's Securities 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:

Reference Numbers of previous reports on this subject:,,
Explanation: Briefly describe the nature of the change.
Allocation of shares and non-listed options and exercise of options (Series 3)

1. The Company's Securities Register After the Change:

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Name and type of security	Security number on TASE	Amount in registered capital	Issued and paid-up capital: most recent filing	Issued and paid up capital: current	Amount registered in the name of the Registration Company
Ordinary share	1087824	1,875,000,000	556,291,626	557,247,776	557,247,184
Special State share	1087865	1	1	1	0
El Al Warrant 3	1205467	32,721,930	33,405,518	32,721,930	32,721,930
El Al Warrant 11/22	1191014		12,755,652	13,735,621	0

Explanation: All company securities must be listed, including securities that are not listed for trading.

2. The Company announces that:

On the date: 12/01/2026

A change occurred in the amount and in the register of securities holders (including rights to acquire shares) of the company as a result of:

Allocation of shares and non-listed options and exercise of options (Series 3)

Explanation: Describe the complete details of the transaction or action that caused the change in the securities of the company.

Section 1: Details of the Changes

1. Name of Registered Holder affected: The Registration Company of the Tel Aviv Stock Exchange Ltd

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ID Type: Israeli Companies Registrar Number
ID Number: 515736817
Nature of change: Allocation to employees
Change date: 12/01/2026 Executed through TASE clearing house: Yes
Type and name of security: El Al ordinary share
TASE Security Number: 1087824
Holder's balance in last report: 556,291,034
Holder's balance after the change: 556,563,596
Total quantity of securities increased/decreased: 272,562
Is this a grant of rights to acquire shares? No
Total proceeds for issued securities:
Security number of share resulting from exercise:
Number of shares from full exercise/conversion:
Exercise premium from full exercise/conversion:
Period in which the security can be exercised: From: To:
Securities to be listed for trading:

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

Allocation of these securities is in continuation of: _________ | Published on: _________ | Reference number: _________

1. Name of Registered Holder affected: I.B.I. Incentive Programs (2000)

version. For more information, please review the legal disclaimer.

The security is fully paid and the consideration has been received in full.

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			ID Type: Israeli Companies Registrar Number
--	--	--	---------------------------------------------	--	--

ID Number: 512907718

Nature of change: Allocation to employees

Change date: 12/01/2026 | Executed through TASE clearing house: No

Type and name of security: El Al Warrant 11/22

TASE Security Number: 1191014

Holder's balance in last report: 12,755,652

Holder's balance after the change: 13,735,621

Total quantity of securities increased/decreased: 979,969

Is this a grant of rights to acquire shares? No

Total proceeds for issued securities: _________

Security number of share resulting from exercise: _________

Number of shares from full exercise/conversion: _________

etc. (Fields with blanks)

The security is fully paid and the consideration has been received in full.

3. Name of Registered Holder affected: The Registration Company of the Tel Aviv Stock Exchange Ltd

ID Type: Israeli Companies Registrar Number

ID Number: 515736817

Nature of change: Exercise of options

Change date: 12/01/2026 | Executed through TASE clearing house: Yes

Type and name of security: El Al ordinary share

TASE Security Number: 1087824

Holder's balance in last report: 556,563,596

Holder's balance after the change: 557,247,184

Total quantity of securities increased/decreased: 683,588

Is this a grant of rights to acquire shares? No

The security is fully paid and the consideration has been received in full.

4. Name of Registered Holder affected: The Registration Company of the Tel Aviv Stock Exchange Ltd

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ID Type: Israeli Companies Registrar Number

ID Number: 515736817

Nature of change: Exercise of options

Change date: 12/01/2026 | Executed through TASE clearing house: Yes

Type and name of security: El Al Warrant 3

TASE Security Number: 1205467

Holder's balance in last report: 33,405,518

Holder's balance after the change: 32,721,930

Total quantity of securities increased/decreased: 683,588

Is this a grant of rights to acquire shares? No

The security is fully paid and the consideration has been received in full.

Explanations:

• 1. If the change affects more than one security, detail the effect of the change in a separate row for each one.
• 1. Date of change all changes of the same type, in the same security, executed on one day, are summarized in one row. Separate between changes executed via the clearing house and those directly in the company's books.
• 1. For reductions, add the symbol "-".
• 1. All quantity fields must indicate the number of securities (not their par value in NIS).

3. Main details of the shareholders register as of the report date:

No.	Registered shareholder name	Type of identification number	Identification number	Security number on TASE	Type/class of shares and nominal value	Number of shares	Holding as trustee
1

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

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Shareholders Register PDF

alt: Link to PDF file of the shareholders register as of 12/01/2026

5. Attached is an updated file of the registers of the company's securities, including the register of warrant holders and the register of bond holders

Company Securities Register PDF

alt: Link to PDF file of the updated securities registers as of 12/01/2026

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

No.	Name	Position
1	Sharon Braunstone-Zait	Other – Deputy CEO, Legal Counsel of the Company
2	Inbal Carmi	Other – Company Secretary

Explanation: As per Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report filed under these regulations must be signed by those authorized to sign on behalf of the company. Staff position paper on this subject is available on the Israel Securities Authority website: Click here.

Previous names of reporting entity:

Electronic filer: Meitlman Nahum

Position: Legal advisor Employer company:

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

Phone: 03-9716713 Email: nahumm@elal.co.il

Short name: El Al

Company address: P.O.B. 41, Ben Gurion Airport, 70100

Phone: 03-9716202, 03-9716203 | Fax: 03-9717334 Email: CORPORATE@ELAL.CO.IL

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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.

Previous names of reporting entity:

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

Form structure last updated: 06/08/2024