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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Signing a Binding Memorandum of Understanding between the Tamar Project Partners and the Yam Tethys Project Partners

Tel Aviv, August 21, 2013. Delek Group's gas subsidiaries, Delek Drilling LP and Avner LP, announced that a binding memorandum of understanding between the Tamar project partners and the Yam Tethys project partners was signed on August 20, 2013, with regard to a commercial settlement of the parallel operations and production of the Tamar Project and Yam Tethys projects due to the decline in supply of the natural gas from Yam Tethys, taking into account the agreement on the outline of the “operating gas exchange”, the portion of the actual production of natural gas from the Mari-B reservoir will be effective until the full extraction of the gas for Mari B.

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

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