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EL AL ISRAEL AIRLINES LTD

Registry number: 520017146

To:

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

To:

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

Form number: T087 (Public)

Transmitted via MAGNA: 15/01/2026

Reference: 2026-01-006535

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

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 Series 3 Warrants

Explanation: Briefly describe the nature of the change.

Reference numbers of previous reports on this matter: _________, _________, _________.

1. The corporation's securities position after 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.

Name and Type of Security	TASE Security No.	Quantity in Registered Share Capital	Issued and Paid-up Share Capital (Last Reported)	Issued and Paid up Share Capital (Current)	Quantity Registered in Name of Nominee Company
Ordinary Share	1087824	1,875,000,000	563,101,092	566,131,686	566,131,094
Special State Share	1087865	1	1	1	0
EL AL Series 3 Warrant	1205467	23,838,020	26,868,614	23,838,020	23,838,020
EL AL Warrant 11/22	1191014		13,735,621	13,735,621	0

Explanation: All of the company's securities should be detailed, including those not listed for trading.

2. The corporation notifies that:

On the date: 14/01/2026

A change occurred in the quantity and in the register of holders of securities (including rights to purchase shares) of the corporation as a result of: Realization of Series 3 Warrants

Explanation: Must describe all details of the transaction or action that resulted in the change in the corporation's securities.

Section 1

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1. Name of the registered holder for whom the change occurred: The Nominee Company of the Tel Aviv Stock Exchange Ltd.
Type of identification: Israeli Companies Registry Number
Identification number: 515736817
Nature of the change: Warrants Exercise
Date of change: 14/01/2026
Executed via TASE Clearing: Yes
Type and name of security in which change occurred: EL AL Ordinary Share
Security number on TASE: 1087824
Holder's balance in security at last report: 563,100,500
Holder's balance in security after change: 566,131,094
Total quantity of securities increased or decreased: 3,030,594
Is it a grant of rights to purchase shares: No
Total consideration for allocated securities:
Number on TASE of share to derive from warrant exercise:
Quantity of shares to be derived from full exercise/conversion:
Total additional exercise proceeds from exercise/conversion:
Period during which exercise is possible:
From (date):, until:
Allocated securities will be registered for trade:
Allocation is following:, published on:, reference:
[✓] Security was fully paid and full consideration was received.
[ ] Security was fully paid, but consideration not fully received.
[ ] Issued as part of ATM program.
[ ] Other:
2. (Similar data for warrants)

Explanations:

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1. If the change affects more than one security, the impact on each security should be specified in a separate line.
1. Date of change all changes of the same type, in the same security, performed on the same day, should be summed in one line. In this regard, changes made through the TASE Clearinghouse should be separated from those carried out directly in the company's books.
1. The change: For a decrease, add the sign "-".
1. For all quantity fields, the quantity of securities (not NIS par value) should be provided.

3. Main shareholders register as at the report date:

No.	Name of Registered Shareholder	Type of ID Number	ID Number	TASE Security Number	Type and Nominal Value of Shares	Quantity of Shares	Does Holder Act as Trustee
1

Attached: The shareholders registry file in accordance with section 130 of the Companies Law, 1999:

(pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם - מימושים\מרשם_בעלי_מניות_140126\:Z](pdf.isa_מרשם_בעלי_מניות_140126]

Alt text: PDF file - Shareholders Registry 14/01/26

Attached: Updated securities registry including register of warrant holders and register of government bond holders:

(pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם - מימושים\מרשם_ניירות_ערך_140126\:Z](pdf.isa_מרשם_ניירות_ערך_140126]

Alt text: PDF file - Securities Registry 14/01/26

Details of authorized signatories:

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No.	Name Role
1	Sharon Braunstone Zeit	VP, Legal Counsel of the Company (Other)
2	Inbal Carmi	Company Secretary (Other)

Explanation: According to Regulation 5 of the 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. The staff position on this topic can be found on 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: [email protected]

Previous names of the reporting entity:

Electronic reporting name: Nahum Meitlman

Position: Legal Advisor

Employment company name:

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

Phone: 03-9716713

Fax: Email: [email protected]

Document form structure update date: 06/08/2024

AI Terminal

El Al Israel Airlines Ltd.

6759_rns_2026-01-15_d7505627-e2f3-4cf1-88d6-7abdbdc07f26.pdf