El Al Israel Airlines Ltd.

Share Issue/Capital Change • Sep 10, 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: 10/09/2025 Israel Securities Authority Email: www.isa.gov.il Stock Exchange Email: www.tase.co.il Reference: 2025-01-068225

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

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 the Change:

Exercise of employee options

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	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: 549,819,009	549,840,700
			Current: 549,841,292
Special State Share	1087865	1	Last Report: 1	0
			Current: 1
EL AL Warrant 3	1205467	39,055,624	Last Report: 39,055,624	39,055,624
			Current: 39,055,624
EL AL Warrant 11/22	1191014	___	Last Report: 13,301,331	0
			Current: 13,267,998

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

2. The Corporation Announces That:

From date: 08/09/2025 To date: 09/09/2025

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

Description of the nature of the change:

Exercise of employee options

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

Section 1

• 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: Company Registrar Number in Israel
  3. ID Number: 515736817
  4. Nature of the change: Exercise of options
  5. Date of change: 08/09/2025
  6. Executed via the stock exchange clearing house: Yes
  7. Type and name of security affected: EL AL Ordinary Share
  8. Security number on the exchange: 1087824
  9. Holder's balance in the last report: 549,818,417
  10. Holder's balance after the change: 549,840,700
  11. Total quantity of securities increased/decreased: 22,283
  12. Is this a grant of rights to purchase shares: No
  13. Total consideration for allocated securities: _________
  14. Security number of the share resulting from the 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 date: _________ To date: _________
  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: Company Registrar Number in Israel
• ID Number: 512907718
• Nature of the change: Exercise of options
• Date of change: 08/09/2025
• Executed via the stock exchange clearing house: Yes
• Type and name of security affected: EL AL Warrant 11/22
• Security number on the exchange: 1191014

• Holder's balance in the last report: 13,301,331

• Holder's balance after the change: 13,267,998

• Total quantity of securities increased/decreased: 33,333
• Is this a grant of rights to purchase shares: No
• Total consideration for allocated securities: _________
• Security number of the share resulting from the 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 date: _________ To date: _________
• 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, will be summarized in one row. For this purpose – changes made through the stock exchange clearing house should be separated from changes made directly in the company's books.
• 1. The change for a decrease, add the sign "-".
• 1. In all quantity fields, the quantity of securities should be entered, not NIS par value.

Section 2

A change occurred only in the register of the corporation's securities holders (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.

3. Main Shareholder Register as of the Reporting Date:

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

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

Shareholder_Register_08092025_isa.pdf alt: Shareholder register file as of 08/09/2025

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

Securities_Register_08092025_isa.pdf alt: Securities register file as of 08/09/2025

Authorized Signatories on Behalf of the Corporation:

No.	Name	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 subject can be found on the Authority's website: Click here.

Previous document reference numbers on the subject (the mention does not constitute inclusion by 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: CORPORATE@ELAL.CO.IL

Previous names of the reporting entity:

Name of electronic reporter: Meitalman Nahum

Position: Legal Advisor

Employer company name:

Address: P.O. Box 41, Ben Gurion Airport, 70100 Phone: 03-9716713 Fax: Email: nahumm@elal.co.il