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 With Regards to the Extension of the Public Tender for the Supply of Natural Gas to Cyprus

Tel Aviv, Sunday, December 20, 2015. Delek Group's gas subsidiaries announced that they have accepted a request by DEFA (a Governmental gas company owned by the Government of Cyprus) to postpone the period of validity of a proposal for the supply of natural gas from December 18, 2015 to February 12, 2016. The proposal is for the supply of natural gas through pipelines from the Leviathan project.

Accordingly, the commercial examination process and the negotiation between DEFA and the bidders are expected to continue in the near future.

For more information please see the immediate reports as published on TASE.
http://mayafiles.tase.co.il/

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