Delek Group Receives Approval for Acquisition of Chevron Marketing Operations in Benelux

August 2, 2007 at 12:00 AM EDT

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Tel Aviv, August 2, 2007, Delek Group (TASE: DLEKG) following on from the press released dated 24th May 2007, the Company notified in the evening hours of yesterday August 1st 2007, that on the same day they received approval from the Commission of the European Communities to acquire the marketing operations of Chevron in Benelux and therefore the required approvals exist that are needed to complete the transaction. The parties intend to complete the Closing in the second week of August 2007.

Contact

Dalia Black

Head of Investor Relations
Delek Group
Tel: +972 9 863 8444
Email: black_d@delek.co.il

Kenny Green/Ehud Helft

International Investor Relations
GK Investor Relations
Tel: (US) 1 866 704 6710 / (UK) 0871 474 1218
E-mail: kenny@gk-biz.com