Further to a report issued by EL AL on 10 January 2018 regarding the signing of a memorandum of understanding with foreign banks for the receipt of financing in the amount of US$135 million for the purchase of a B787-9 aircraft, EL AL is pleased to update that on 23 February 2018, the Company signed with the foreign banks the agreements that are the subject of the financing transaction, on the terms specified in the original report.