El Al Israel Airlines Ltd.

Major Shareholding Notification • Jan 14, 2026

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EL AL ISRAEL AIRLINES LTD

Registry Number: 520017146

To:

Israel Securities Authority Website: www.isa.gov.il

Tel Aviv Stock Exchange Ltd Website: www.tase.co.il

Form Number: T087 (Public)

Transmitted on MAGNA: 14/01/2026

Reference: 2026-01-006059

Register of Capital, Granting of Rights to Purchase Shares, and Registers of the Corporation's Securities and Their Changes

Regulations:

• Regulation 31E of the Securities Regulations (Immediate Periodic Reports), 1970
• Regulation 31(a) of the Securities Regulations (Immediate Periodic Reports), 1970
• Regulation 31(b1) of the Securities Regulations (Immediate Periodic Reports), 1970
• Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of Change:
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Realization of warrants (Series 3)

Explanation: Please briefly describe the nature of the change.

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

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

Name and Type of Security	Security Number	Quantity in Registered Capital	Issued and Paid Up Capital		Recorded Under Nominee Company
Ordinary Share	1087824	1,875,000,000	Last Report: 557,247,776	Current: 563,101,092	563,100,500
Special State Share	1087865	1	Last Report: 1	Current: 1	0
EL AL Warrant 3	1205467	26,868,614	Last Report: 32,721,930	Current: 26,868,614	26,868,614
EL AL Warrant 11/22	1191014		Last Report: 13,735,621	Current: 13,735,621	0

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

2. The corporation announces:

On the date: 13/01/2026

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

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

Explanation: Describe the transaction or action in detail by which a change occurred in the corporation's securities.

Details of the Change:

1. Registered holder affected by the change:

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The Nominee Company of the Tel Aviv Stock Exchange Ltd.

ID type: Number in the Israeli Companies Register

ID number: 515736817

Nature of change: Exercise of warrants

Date of change: 13/01/2026

Executed via TASE Clearinghouse: Yes

Type and name of security: EL AL Ordinary Share

Security number: 1087824

Holder's balance in the last report: 557,247,184

Holder's balance after the change: 563,100,500

Total change (increase/decrease): 5,853,316

Granting of rights to purchase shares: No

Security was fully paid up and consideration was fully received.

1. Registered holder affected by the change:

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The Nominee Company of the Tel Aviv Stock Exchange Ltd.

ID type: Number in the Israeli Companies Register

ID number: 515736817

Nature of change: Exercise of warrants

Date of change: 13/01/2026

Executed via TASE Clearinghouse: Yes Type and name of security: EL AL Warrant 3

Security number: 1205467

Holder's balance in the last report: 32,721,930 Holder's balance after the change: 26,868,614 Total change (increase/decrease): -5,853,316

Granting of rights to purchase shares: No

Security was fully paid up and consideration was fully received.

Explanations:

• 1. If the change affects more than one security, detail it in a separate line for each security.
• 1. Change date All changes of the same type, in the same security, made on the same day, will be summarized in one line. In this matter – distinguish between changes made via TASE Clearinghouse and those made directly in the company's books.
• 1. For a decrease, please add the sign "-".
• 1. For all quantity fields, specify the number of securities, not NIS or par value.

3. Main registered shareholders as of the report date are as follows:

No.	Name of Registered	ID	ID	Security	Type of Shares	Number of	Holds Shares
	Shareholder	Type	Number	Number	and Par Value	Shares	as Trustee
1

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

Shareholders Register PDF

Alt: PDF file of the updated register of shareholders as per Section 130 of the Israeli Companies Law.

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

Securities Register PDF

Alt: PDF file of the updated registers of the corporation's securities, including warrants and bond holders.

Details of authorized signatories on behalf of the corporation:

No.	Name	Position
1	Sharon Braunstone Zait	Other (Deputy CEO, Legal Advisor of the Company)
2	Inbal Carmi	Other (Company Secretary)

Explanation: According to Regulation 5 of the Securities (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. For staff's position on the subject, see 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

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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:

Name of electronic reporter: Zagot Yulia Position: Attorney / Legal Advisor Employer company name:

Address: Ben Gurion Airport 41 , Lod 7110001 Phone: 03-9716760 Email: yuliaz@elal.co.il

Date of form structure update: 06/08/2024