El Al Israel Airlines Ltd.

Share Issue/Capital Change • Nov 5, 2025

EL AL ISRAEL AIRLINES LTD

Registry Number: 520017146

To:

Israel Securities Authority: www.isa.gov.il Tel Aviv Stock Exchange Ltd.: www.tase.co.il

Form number: T087 (Public) Transmitted via MAGNA: 05/11/2025

Reference: 2025-01-083883

Changes in Capital Structure, Allocations of Rights to Acquire Shares, Securities Registers, and Their Changes

Regulation 31E to Securities Regulations (Immediate Periodic Reports), 1970 Regulation 31(a) to Securities Regulations (Immediate Periodic Reports), 1970 Regulation 31(b1) to Securities Regulations (Immediate Periodic Reports), 1970 Regulation 32 to 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: Not specified

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

Name and Type of Security	TASE No.	Quantity in Registered Capital	Issued and Paid-up Capital (Last Report)	Issued and Paid-up Capital (Current)	Quantity Registered under Nominee Company
Ordinary Share	1087824	1,875,000,000	550,851,377	551,188,116	551,187,524
Special State Share	1087865	1	1	1	0
EL AL Warrant 3	1205467	37,952,902	38,289,641	37,952,902	37,952,902
EL AL Warrant 11/22	1191014	Not specified	12,984,666	12,984,666	0

Explanation: Please detail all the company's securities, including securities not listed for trading.

2. The Corporation Announces that:

On the date: 04/11/2025

There was a change in the quantity and register of holders of the corporation's securities (including rights to acquire shares) as a result of: Exercise of options

Explanation: Please describe the full details of the deal or action which caused the change in the corporation's securities.

Details of the Change:

1. Registered Holder for whom the Change Occurred:

The Tel Aviv Stock Exchange Ltd. Nominee Company

ID Type: Other identification number

ID Number: 515736817

Essence of Change: Exercise of options

Date of Change: 04/11/2025

Performed via TASE Clearing House: Yes

Type and Name of Changed Security: EL AL Ordinary Share

TASE Security Number: 1087824 Last reported balance: 550,850,785 Balance after change: 551,187,524

Total amount of securities increased/decreased: 336,739

Is this a grant of rights to purchase shares: No

Securities fully paid, full consideration received.

2. Registered Holder for whom the Change Occurred:

The Tel Aviv Stock Exchange Ltd. Nominee Company

ID Type: Israeli Registrar of Companies number

ID Number: 515736817

Essence of Change: Exercise of options

Date of Change: 04/11/2025

Performed via TASE Clearing House: No

Type and Name of Changed Security: EL AL Warrant 3

TASE Security Number: 1205467 Last reported balance: 38,289,641 Balance after change: 37,952,902

Total amount of securities increased/decreased: 336,739

Is this a grant of rights to purchase shares: No

Securities fully paid, full consideration received.

Explanations:

• 1. If the change affects more than one security, detail its effect in a separate line for each security.
• 1. Date of change All changes of the same type, in the same security, on one day, shall be listed in one line. For this purpose, separate changes performed through the clearing house and those made directly in the company's books.
• 1. For reductions, mark with the "-" sign.
• 1. For all numerical fields, indicate the amount of securities, not par value.

3. Highlights of the Shareholder Register at the Disclosure Date:

No.	Name of Registered	ID	ID	TASE Security	Type of Shares,	Quantity of	Holding as
	Shareholder	Type	Number	Number	Par Value	Shares	Trustee
1	[Not filled]	[Not filled]	[Not filled]	[Not filled]	[Not filled]	[Not filled]	[Not filled]

Attached file: Shareholders Register per section 130 of the Companies Law, 1999: meresham_shareholders_041125_isa.pdf

5. Attached: Updated Register of the Company's Securities, including the register of option holders and debenture holders

Attached file: Register_of_securities_041125_isa.pdf

Details of the signatories authorized to sign on behalf of the corporation:

No.	Name	Position
1	Sharon Brownstone Zait	VP, General Counsel of the Company
2	Inbal Carmi	Corporate Secretary

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.

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), reports submitted under these regulations must be signed by authorized signatories. For staff position on the subject, see the ISA website: Click here

Company short name: EL AL

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

Telephone: 03-9716202, 03-9716203

Fax: 03-9717334

Email: CORPORATE@ELAL.CO.IL

Electronic reporter name: Zagot Yulia Position: Legal Counsel Address: Ben Gurion Airport 41, Lod 7110001 Phone: 03-9716760

Email: yuliaz@elal.co.il

Disclosure: The corporation's securities are listed for trading on the Tel Aviv Stock Exchange.

Form structure update date: 06/08/2024

Attached previous document references: Not filled

Previous names of the reporting entity: Not specified