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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Declaration of the Antitrust Commissioner

Tel Aviv, November 14, 2012. The Delek Group Gas Partnerships received a notice from the Antitrust Authority Commissioner declaring the Tamar partners as a monopoly in the supply of natural gas to Israel, as of the earlier of the second half of 2013 or as at the beginning of the commercial supply of gas from Tamar. It should be noted that the natural gas supply agreements between Tamar partners and gas consumers were submitted for approval of the Antirust Authority Commissioner and as of the date of this report, the Commissioner has granted the Partnerships a conditional exemption to restrictive arrangements from restrictive arrangements in most of these agreements, including an agreement with the Israel Electric Company. In addition, an exemption was granted to other agreements with additional gas consumers and the remaining agreements are pending approval as mentioned above. The partnerships are considering further steps, including filing an appeal to the Antitrust Authority.

For more information please see the immediate reports as published on TASE.

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