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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Project "Leviathan" - Examining the Possibility of an Entry of a Strategic Partner – Sunday, 09 September 2012

Tel Aviv, September 9, 2012. Delek Group's gas subsidiaries announced today together with its partners in the Leviathan project that as part of the strategic process, proposals were received on September 7, 2012, for a purchase of up to 30% of working interest in Leviathan (a total out of all partners' rights in the Leviathan project), by leading international companies engaged in Natural Gas exploration and production industry. It should be noted that these offers are subject to, among other things, various conditions such as due diligence and additional information that may be a basis for negotiation. The gas partnerships together with its partners in the Leviathan project will learn the above mentioned proposals and examine the possibility to start negotiations with all or some of the bidders.

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

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