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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Update on Alon A/364, Alon C/366, Alon D/367, Ruth C/360, Alon B/365, Alon F/364, Ruth A/358, Ruth B/359 and Eran/353 licenses

Tel Aviv, September 08, 2013. Delek Group's gas subsidiaries announced today that the expiration date of Alon A/364, Alon C/366, Alon D/367 and Ruth C/360 licenses were extended until September 1, 2014, subject to a work plan and compliance with various conditions.

The Commisioner of Oil and Gas affairs advised that licenses Alon B/365, Alon F/364, Ruth A/358, Ruth B/359 and Eran/353 have expired. The gas partnerships, along with their partners in each of the above licenses, are examining the legal options available in order to exercise their rights with regard to the licenses, all or some of them, including filing an appeal on the commissioner’s decision on not extending these licenses.

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

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