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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Noa Has Been Brought Forward; Pinnacles 1 Has Been Suspended - Sunday, 17 June 2012
Tel Aviv, June 17, 2012.The operator, Noble Energy Mediterranean Ltd., on June 14, 2012, decided to temporarily suspend the gas flow from Pinnacles #1 due to an indication of a gas composition which does not match the specification for flow. The operator will examine different alternatives including gas treatment that will allow the resumption of the gas flow. An immediate report will be published once a solution and a schedule are been formulated.

In addition, Delek Group’s gas subsidiaries are pleased to announce that according to the information provided by the operator Noble Energy Mediterranean, the time table for completion of Noa North has been updated and the start of flow of natural gas from it has been brought forward to June 2012.

For more information please see the immediate reports as published on TASE. http://maya.tase.co.il/bursa/indeximptoday.htm
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