|Update on Agreement with Yango Investment PTE Ltd|
Tel Aviv, May 3, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to what was stated in the Company's immediate report dated April 6, 2017 (ref. no. 2017-01-038103) and in section 1.9 of the Company's 2016 Periodic Report that was published on March 30, 2017, (ref. no. 2017-01-033078), concerning the agreement for the sale of the Company's holdings in the Phoenix Holdings Ltd ("the Phoenix") to Yango Investment PTE Ltd (Yango"), on May 1, 2017 the Company received the attached notification that Yango had entered into an agreement for the acquisition of shares and joint venture with Mr. Yunal Cohen, through a company that he controls, Ofek Dan (2015) Limited Partnership ("Yunal").
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on May 3, 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