OREANDA-NEWS. June 28, 2016. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that on June 22, 2016, Moody’s Midroog rating agency downgraded rating for bonds issued by Delek Group Ltd. ("Delek Group" or "the Company") from A1.il to A2.il, and reaffirms the stable rating outlook.

Please see attached the English version of the full report by Midroog.

This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on June 22, 2016.

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