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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The Supreme Court Rejected the Petitions to the Government's Decision on Israel’s Gas Sector and Export Policy

Tel Aviv, Tuesday October 22, 2013. The supreme court in Israel rejected the petitions, filed by the Academic Law and Business Center and other petitioners ("the Petitions"), concerning the decision taken by the Israeli government which was adopted on June 23, 2103, following the Zemach Committee recommendations. The Petitions which included, inter alia, a request to revoke the government's decision and called for an absolute anchoring of the regulation of the Natural Gas Policy through Government legislation; Delek Group gas partnerships are pleased to announce that following on from a discussion held on October 20, 2013 at the Supreme Court in a panel of seven judges, the Supreme Court decided on October 21, 2103 in a majority, to reject the petitions.

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

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