El Al Israel Airlines Ltd.

Share Issue/Capital Change • Dec 7, 2025

EL AL ISRAEL AIRLINES LTD

Company number: 520017146

To:

• Israel Securities Authority (www.isa.gov.il)
• Tel Aviv Stock Exchange Ltd (www.tase.co.il)

Form number: T087 (Public) MAGNA Filing Date: 07/12/2025 Reference: 2025-01-097138

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

Regulation 31E to the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a), 31(b1), 32 to the Securities Regulations (Periodic and Immediate Reports), 1970

Nature of the Change
Realization of warrants (Series 3)
Explanation: A brief description of the nature of the change
Reference Numbers of Previous Reports on the Subject: , ,

1. Securities Capitalization of the Corporation 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 Nominee Company
Ordinary Share	1087824	1,875,000,000	Last Disclosure: 552,695,652 Current: 552,895,652	552,895,060
Special State Share	1087865	1	Last Disclosure: 1 Current: 1	0
EL AL Warrant 3	1205467	36,245,366	Last Disclosure: 36,445,366 Current: 36,245,366	36,245,366
EL AL Warrant 11/22	1191014		Last Disclosure: 12,984,666 Current: 12,984,666	0

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

2. The Corporation Announces:

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.

On Date: 04/12/2025

• A change occurred in the amount and in the register of security holders (including rights to purchase shares) as a result of:
• Realization of warrants

Explanation: A description of the full details of the transaction or operation causing the change in the company's securities.

Details of the Transaction

1.

Name of registered holder affected: The Nominee Company of the Tel Aviv Stock Exchange Ltd
Type of identification number: Other identifier
ID number: 515736817
Nature of the change: Realization of options
Date of change: 04/12/2025
Executed via the TASE clearing house: Yes
Type and name of security affected: EL AL Ordinary Share
Security number: 1087824
Balance held in last report: 552,695,060
Balance after change: 552,895,060
Total quantity of securities changed: 200,000
Is this a grant of rights to purchase shares: No
Total consideration for allocated securities:
Security number of the share resulting from security realization:
Number of shares resulting from realization/full conversion:
Total additional proceeds from realization/full conversion into shares:
Period in which the securities can be realized:
From date: to date:
Will the allocated securities be listed for trading:
Allocation of such securities is in continuation of: , published on: , reference:
The security was fully repaid, and consideration was fully received.
The security was fully repaid, but consideration was not fully received.
Issued for ATM program.
Other. ( )

2.

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 of registered holder affected: The Nominee Company of the Tel Aviv Stock Exchange Ltd
Type of identification number: Company registration in Israel
ID number: 515736817
Nature of change: Realization of options
Date of change: 04/12/2025
Executed via the TASE clearing house: No
Type and name of security affected: EL AL Warrant 3
Security number: 1205467
Balance held in last report: 36,445,366
Balance after change: 36,245,366
Total quantity of securities changed: 200,000
Is this a grant of rights to purchase shares: No
Total consideration for allocated securities:
Security number of the share resulting from security realization:
Number of shares resulting from realization/full conversion:
Total additional proceeds from realization/full conversion into shares:
Period in which the securities can be realized:
From date: to date:
Will the allocated securities be listed for trading:

Explanations:

1. If the change affects more than one security, detail the effect of the change for each security separately.

Allocation of such securities is in continuation of: _________ , published on: _________ , reference: _________

• 1. Date of change—All changes of the same kind, in the same security, performed on one day are summarized in one line. For this matter—changes via the clearing house are separated from those direct in the company's books.
• 1. For reductions, add "-" sign.

Issued for ATM program.

Other. ( _________ )

1. All quantity fields refer to the number of securities, not NIS at par value.

The security was fully repaid, and consideration was fully received.

The security was fully repaid, but consideration was not fully received.

3. Main Points of Shareholder Registry at the Reporting Date

No.	Name of Registered	Type of ID	ID	Security	Type and Par	Quantity of	Does Holder Hold
	Shareholder	Number	Number	Number	Value of Shares	Shares	as Trustee?
1

Attached Files

• 1. Attached is the shareholder registry file in accordance with Section 130 of the Companies Law, 1999:
• (pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם מימושים\מרשם_בעלי_מניות_41225\:Z](pdf.isa_41225_Registry_Shareholder[ alt: shareholder register file
• 1. Attached is an updated file of the corporation's securities registers, including the register of warrant holders and BONDS holders:
• (pdf.isa_דיווחים למגנא\מרשם בעלי מניות\מרשם מימושים\מרשם_ניירות_ערך_41225\:Z](pdf.isa_41225_Register_Securities[ alt: securities register file

Authorized Signatories for the Corporation

No.	Name	Role
1	Sharon Brownstone-Zait	Other VP, Legal Counsel of the Company
2	Inbal Carmi	Other 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), a report filed 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.

Other Details

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, Israel

Phone: 03-9716202, 03-9716203

Fax: 03-9717334

Email: CORPORATE@ELAL.CO.IL

Previous names of reporting entity: [none entered]

Electronic Reporter Name: Nachum Meitalman

Role: Legal Advisor

[Further company information fields]

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

Phone: 03-9716713

Email: nahumm@elal.co.il

All BONDS, securities, warrants, controlling shareholder(s), par value, and other glossary terms have been translated as per the provided list.