El Al Israel Airlines Ltd.

Share Issue/Capital Change • Sep 2, 2025

EL AL ISRAEL AIRLINES LTD

Registry Number: 520017146

To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T087 (Public) Transmitted via MAGNA: 02/09/2025 Israel Securities Authority Website: www.isa.gov.il Tel Aviv Stock Exchange Website: www.tase.co.il Reference: 2025-01-066223

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

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 employee warrants

Explanation: Briefly describe the nature of the change.

Reference Numbers of Previous Reports on the Subject:

_________, _________, _________.

1. The Corporation's Securities Position After the Change:

Name and Type of Security	Security Number on TASE	Quantity in Registered Capital	Issued and Paid-Up Capital	Quantity Registered in the Name of the Registration Company
Ordinary Share	1087824	1,875,000,000	Last Report: 547,082,696	549,190,811
			Current: 549,191,403
Special State Share	1087865	1	Last Report: 1	0
			Current: 1
EL AL Warrant 3	1205467	39,473,224	Last Report: 39,473,224	39,473,224
			Current: 39,473,224
EL AL Warrant 11/22	1191014	___	Last Report: 15,771,439	0
			Current: 13,571,437

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

2. The Corporation Announces That:

On the date: 31/08/2025

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

Description of the nature of the change:

Exercise of employee warrants

Explanation: Describe all details of the transaction or action that caused the change in the corporation's securities.

Details of the Change:

• 1. Name of the registered holder affected by the change: The Registration Company of the Tel Aviv Stock Exchange Ltd.
  2. Type of ID Number: Israeli Companies Registrar Number
  3. ID Number: 515736817
  4. Nature of the change: Exercise of options
  5. Date of change: 31/08/2025
  6. Executed via TASE Clearing House: Yes
  7. Type and name of security affected: EL AL Ordinary Share
  8. Security Number on TASE: 1087824
  9. Holder's balance in last report: 547,082,104
  10. Holder's balance after change: 549,190,811
  11. Total quantity of securities increased/decreased: 2,108,707
  12. Is this a grant of rights to purchase shares: No
  13. Total consideration for allocated securities: _________
  14. Security number of share resulting from exercise: _________
  15. Number of shares resulting from full exercise/conversion: _________
  16. Total additional consideration from full exercise/conversion: _________
  17. Period during which the security can be exercised: _________
  18. From: _________ To: _________
  19. Allocated securities will be registered for trading: _________
  20. Allocation is a continuation of: _________, published on: _________, reference number: _________
  21. The security has been fully paid and the consideration has been fully received.
  22. The security has been fully paid, but the consideration has not been fully received.
  23. Issued for ATM program
  24. Other: _________

2. Name of the registered holder affected by the change: I.B.I. Benefit Plans (2000)

• Type of ID Number: Israeli Companies Registrar Number
• ID Number: 512907718
• Nature of the change: Exercise of options
• Date of change: 31/08/2025
• Executed via TASE Clearing House: Yes
• Type and name of security affected: EL AL Warrant 11/22
• Security Number on TASE: 1191014

• Holder's balance in last report: 15,771,439

• Holder's balance after change: 13,571,437

• Total quantity of securities increased/decreased: 2,200,002
• Is this a grant of rights to purchase shares: No
• Total consideration for allocated securities: _________
• Security number of share resulting from exercise: _________
• Number of shares resulting from full exercise/conversion: _________
• Total additional consideration from full exercise/conversion: _________
• Period during which the security can be exercised: _________
• From: _________ To: _________
• Allocated securities will be registered for trading: _________
• Allocation is a continuation of: _________, published on: _________, reference number: _________
• The security has been fully paid and the consideration has been fully received.
• The security has been fully paid, but the consideration has not been fully received.
• Issued for ATM program
• Other: _________

Explanations:

• 1. If the change affects more than one security, the effect of the change should be detailed in a separate row for each security.
• 1. Date of change all changes of the same type, in the same security, performed on one day, should be summarized in one row. For this purpose, changes made through the TASE Clearing House should be separated from those made directly in the company's books.
• 1. For a decrease, add the sign "-".
• 1. All quantity fields should indicate the number of securities, not NIS par value.

If only the register of holders changed (without a change in the quantity of securities):

A change occurred only in the register of holders of the corporation's securities (without a change in the quantity of the corporation's securities) as a result of:

Description of the nature of the change: _________

Explanation: Describe all details of the transaction or action that caused the change in the register.

Details:

#	Name of Registered Holder	Type of ID Number	ID Number	Security Number on TASE	Type and Par Value of Shares	Quantity of Shares	Holds as Trustee
1	___	___	___	___	___	___	___

3. Main Shareholder Register as of the Reporting Date:

#	Name of Registered Shareholder	Type of ID Number	ID Number	Security Number on TASE	Type and Par Value of Shares	Quantity of Shares	Holds as Trustee
1	___	___	___	___	___	___	___

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

Shareholder Register 31/08/2025 (PDF)

Alt: Shareholder Register 31/08/2025 PDF file

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

Securities Register 31/08/2025 (PDF)

Alt: Securities Register 31/08/2025 PDF file

Details of Authorized Signatories on Behalf of the Corporation:

#	Name of Signatory	Position
1	Sharon Braunstone Zeit	Other: Deputy CEO, Legal Counsel of the Company
2	Inbal Carmi	Other: Company Secretary

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. Staff position on the matter 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: CORPORATE@ELAL.CO.IL

Previous names of the reporting entity:

Electronic Reporter Name: Julia Zagut Position: Attorney/Legal Advisor Employer Company Name:

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

Date of form structure update: 06/08/2024