Gas Subsidiaries Update

The following updates are based on information released by Delek Group gas subsidiaries, Delek Energy Systems Ltd., Avner Oil & Exploration L.P and Delek Drilling L.P. All financial and business information is given only for the convenience of the reader. The only official financial and business information, is that which is included in the officially published immediate reports and financial reports of Delek Group and its gas subsidiaries, to the Israeli Securities Authority and the Tel Aviv Stock Exchange, in Hebrew. In the event of any conflict between financial and business information given on this site and the Hebrew published immediate reports, the Hebrew published immediate reports shall prevail. More on Delek Group's disclaimer.

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Oil Commissioner approved the collateral backing the HSBC loans

On February 27, 2012, the Oil Commissioner  approved the collateral backing of the partnerships rights in the “Leviathan” project for the non-recourse loan agreement that were signed between each of the limited partnerships, Delek Drilling and Avner Oil Exploration, with HSBC Bank Plc on December 22, 2011. The approval is in accordance with the additional requirements as previously requested by the Commissioner. For more information please see the immediate reports as published on TASE.

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