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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Extension of Rachel/349 and Amit/350 Licenses

Tel Aviv, Thursday February 13, 2014. Delek Group's gas subsidiaries announced that the Petroleum Commissioner of the Ministry of Energy and Water Resources ("the Commissioner") announced to the partners in Rachel/349 and Amit/350 licenses its decision with regards to extending the validity of these licenses until March 20, 2014, in accordance with the article 18(B)(2) of the Petroleum Law; subject to posting guaranties by the partners in the licenses in the amount of $2.5 million for each license.

Delek Group’s gas subsidiaries will continue to work to obtain a lease permit in accordance with its rights under the Petroleum Law.

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

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