|Ashkelon Power Station - Update|
Tel Aviv, January 26, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) ("the Company") announces that further to the Company's Immediate Reports dated July 19, 2016 (ref. no. 2016-01-085585) and August 17, 2016 (ref. no. 2016-01-104956) concerning the agreement for the sale of its holdings in the power station located on the grounds of the Ashkelon desalination plant, in accordance with the terms of the agreement, since up until today's date not all the contingent terms stipulated in the agreement have been fulfilled, the agreement is canceled and the transaction will not take place.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on January 25, 2017.
About The Delek Group
The Delek Group, Israel's dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean's Levant Basin into one of the energy industry's most promising emerging regions. Having discovered Tamar and Leviathan, two of the world's largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 40 TCF.
In addition, Delek Group has a number of assets in downstream energy, water desalination, and in the finance sector.
For more information on Delek Group please visit www.delek-group.com