Claim against Delek Group’s Subsidiary
Tel Aviv, July 1, 2007. Delek Group (TASE: DLEKG) announced that its subsidiary, “Delek” The Israel Fuel Corporation Ltd. (hereinafter: ‘the Subsidiary’), informed the Company that it received a letter of claim, with a request to certify the claim as a class action. The claim and the request to allow a class action was brought against the Subsidiary and four fuel companies (which are not connected to the Company or its Subsidiary), the claim is with regards to a misleading advertisement the subject of which was a discount on self service petrol pumping facilities. The full total (against all the parties) of the class action (if and when the request to allow a class action is approved), is estimated by the claimants of not less than 386 million shekels.
The Subsidiary has given the request and the claim to its legal advisors, which have not yet had an opportunity to respond to the above request and claim. At first glance, the response by the Subsidiary to the above request and claim will be a complete denial of responsibility in respect of the claim and its opinion is that the claim should rejected out of hand as it relates to the Subsidiary.