OREANDA-NEWS. December 09, 2015. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that attached is an  Immediate Report just published by Avner Oil Exploration Limited Partnerships and  Delek Drilling Limited Partnerships ("the Partnerships") concerning  various reports in the media with regard to freezing the talks in connection with  the import of natural gas to Egypt. It is noted that as per this immediate  report, the Delek Group Partnerships as well as other partners in the various  projects in Israel are not parties to the arbitration proceeding with the  Egyptian National Gas Companies.

In response  to various reports in the media according to which the Egyptian government has  instructed the Egyptian national gas companies (Egyptian General Petroleum  Corp. and Egyptian Natural Gas Holding Co.) (the "Egyptian National Gas  Companies") to freeze the talks in connection with the  import of natural gas from Israel to Egypt, due to the ruling made in the  arbitration proceeding between the Israel Electric Corporation Ltd. and the  Egyptian National Gas Companies, we hereby clarify as follows:

The  Partnerships and its partners in the various projects in Israel are not parties  to the arbitration proceeding with the Egyptian National Gas Companies. As  stated in Articles 7.13.5 and 7.14.2 of the Partnerships' periodic report dated  December 31, 2014 which was published on March 18, 2015, the Partnerships and  its partners in the Leviathan project and the Tamar project, are holding  negotiations, in various stages, for the export of natural gas to neighboring  countries, including Egypt.

The  aforementioned negotiations are not with the Egyptian National Gas Companies  but rather with commercial companies. The Partnerships and its partners in the  Leviathan project and the Tamar project are in regular contact with these  companies and are continuing the aforementioned negotiations as planned. In  addition, the parties will continue to work with the competent authorities in  the governments of Israel and Egypt for obtaining all the required approvals in  connection with the agreements for the export of gas from Israel to Egypt.

Forward Looking  Information Warning - The information  specified above in relation to the aforementioned negotiations, constitutes  Forward Looking Information as such term is defined in section 32A of the  Securities Law-1968, and there is no certainty that such information will be  realized, fully or partially, in the abovementioned manner or in any other  manner, and it may be realized in a materially different manner than described  above, and in particular there is no certainty that the aforementioned  discussions and/or negotiations will mature into binding gas sale agreements  and that the conditions required under law for the entering into affect of such  agreements will be satisfied, to the extent such agreements will be signed,  including the obtaining of all the required approvals from the competent  authorities in Israel and in Egypt.

The partners in the Leviathan project and their  interests are as follows:

Noble Energy Mediterranean Ltd.                             39.660%
Avner Oil Exploration Limited Partnership              22.670%
Delek Drilling Limited Partnership                           22.670%          
Ratio Oil Exploration (1992) Limited Partnership    15.000%

The partners in the Tamar project and their interests  are as follows:

Noble Energy Mediterranean Ltd.                         36.00%
Isramco Negev 2, Limited Partnership                  28.75%
Avner Oil Exploration – Limited Partnership       15.625%
Delek Drilling – Limited Partnership                    15.625%          
Dor Gas Exploration – Limited Partnership           4.00%

This is a convenience translation of the original HEBREW immediate  report issued to the Tel Aviv Stock Exchange by the Company on December 7, 2015.

About The Delek Group

The Delek Group, Israel's dominant integrated energy company, is  the pioneering leader of the natural gas exploration and production activities  that are transforming the Eastern Mediterranean's Levant Basin  into one of the energy industry's most promising emerging regions. Having  discovered Tamar and Leviathan, two of the world's largest natural gas finds  since 2000, Delek and its partners are now developing a balanced, world-class  portfolio of exploration, development and production assets with total gross  natural gas resources discovered since 2009 of approximately 40 TCF.

In  addition, Delek Group has a number of assets in downstream energy, water  desalination, and in the finance sector.

For more information on Delek Group please  visit www.delek-group.com