Delek Group Response to Media Report on Flotation of IDE Technologies

April 11, 2007 at 12:00 AM EDT

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Tel Aviv, April 11, 2007. Delek Group (TASE: DLEKG) announced today that in reaction to the publications in the Israeli press, it wishes to clarify the following: I.D.E. Technologies Ltd. (hereinafter: the "Subsidiary"), held in equal parts by the Company and Israel Chemical Industries Ltd., is currently reviewing, as part of its general business development review, different capital raising possibilities. As at the time of this announcement, no decisions have been made on this matter by the relative qualified individuals in the Subsidiary.

Contact

Dalia Black

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

Ehud Helft / Kenny Green

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