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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Memorandom of Principals between Tamar and Yam Tethys

Tel Aviv, April 17, 2012. Tamar Project signed a Memorandum of Principles to use Yam Tethys' infrasturcture facilities for consideration of approximately $380 million; starting from when the natural gas begins to flow from Tamar, ending on December 31st, 2015.

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