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EL AL ISRAEL AIRLINES LTD

Registry Number: 520017146

To: The Israel Securities Authority To: The Tel Aviv Stock Exchange Ltd.

Form Number: T087 (Public)

Transmitted via MAGNA: 16/01/2026

Website: www.isa.gov.il , www.tase.co.il

Reference: 2026-01-007014

Statement of Share 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

Exercise 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. Corporation's Securities Outstanding After the Change:

| Name and Type of Security | Security Number on TASE | Quantity in Registered Capital | Issued and Paid-Up Capital | | Amount Recorded Under Nominee Company | |--------------------------|------------------------|-------------------------------|------------------------------------|-----------|

| Ordinary Share | 1087824 | 1,875,000,000 | Last Report: 566,131,686

Current: 566,442,668 | 566,442,076 | | Special State Share | 1087865 | 1 | Last Report: 1

Current: 1 | 0 | | EL AL Warrant 3 | 1205467 | 23,527,038 | Last Report: 23,838,020

Current: 23,527,038 | 23,527,038 | | EL AL Warrant 11/22 | 1191014 | _________ | Last Report: 13,735,621

Current: 13,735,621 | 0 |

Explanation: Please detail all company securities, including those not listed for trading.

2. The corporation notifies that:

On the date: 15/01/2026

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

Description of the nature of the change: Exercise of Warrants (Series 3)

Explanation: Please describe all details of the transaction or action that led to the change in the corporation's securities.

Details of Change

Holder: The TASE Registering Company Ltd.

ID Type: Registration Number with the Israeli Companies Registrar

ID Number: 515736817

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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.

Nature of Change: Exercise of Warrants

Date of Change: 15/01/2026

Carried out via TASE clearinghouse: Yes

Type and name of security changed: EL AL Ordinary Share

Security Number on TASE: 1087824

Holder's balance in the last report: 566,131,094

Holder's balance in this security after the change: 566,442,076 Total quantity of securities increased or decreased: 310,982

Was this a granting of rights to purchase shares? No

Securities fully paid and consideration fully received.

Holder: The TASE Registering Company Ltd.

ID Type: Registration Number with the Israeli Companies Registrar

ID Number: 515736817

Nature of Change: Exercise of Warrants

Date of Change: 15/01/2026

Carried out via TASE clearinghouse: Yes

Type and name of security changed: EL AL Warrant 3

Security Number on TASE: 1205467

Holder's balance in the last report: 23,838,020

Holder's balance in this security after the change: 23,527,038

Total quantity of securities increased or decreased: 310,982

Was this a granting of rights to purchase shares? No Securities fully paid and consideration fully received.

Explanations:

1. If the change affects more than one security, detail the effect of the change in a separate row for each security.
1. Date of change: All changes of the same type in the same security conducted on the same day are to be summarized in one row. In this context, changes done via the clearinghouse must be separated from those entered directly in company records.
1. For reductions, add the sign "-".
1. In all quantity fields, enter the number of securities and not their par value.

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3. Main Details of Shareholder Register at the Reporting Date:

No.	Name of Registered Shareholder	ID Type	ID Number	Security Number on TASE	Type and Par Value of Shares	Quantity of Shares	Holds the Shares as a Trustee?
1

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

Shareholder Register File

Image alt: Shareholder Register PDF file for 15/01/2026.

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

Securities Register File

Image alt: Securities Register PDF file for 15/01/2026.

Details of authorized signatories on behalf of the corporation:

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No.	Name of Signatory	Position
1	Sharon Braunstone Zait	Other: VP, Legal Counsel of the Company
2	Inbal Carmi	Other: Corporate Secretary

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), ^a report filed under these regulations must be signed by authorized signatories on behalf of the corporation. For the staff position on this subject, see the Authority's website: Click here

Previous document reference numbers (inclusion does not constitute reference):

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 reporting entity:

Electronic Reporter Name: Julia Zagut Position: Lawyer / Legal Advisor

Employer company name:

Address: Ben Gurion Airport 41, Lod, 7110001 Phone: 03-9716760 Fax: Email: [email protected]

Form update date: 06/08/2024

AI Terminal

El Al Israel Airlines Ltd.

6759_rns_2026-01-16_62f9cf23-7cf1-4e98-a205-b5b35261aee4.pdf