Egypt's Al Qahera news station showed footage of two Israeli captives being transferred to ambulances at Rafah crossing from Gaza to Egypt.
A source said they were identified by Israeli media as Nurit Cooper and Yocheved Lifshitz.
"We decided to release them for humanitarian and poor health grounds," Abu Ubaida, spokesman for Hamas' armed wing, said on Telegram.
They were freed following the release of an American woman and her daughter on Friday (Oct 20).
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