DELEK GROUP LTD. | Assessment of Possibility of a Public Offering in London | ||
Tel Aviv, August 28, 2014. Delek Group (TASE: DLEKG, OTCQX: DGRLY) ("the Company") Further to the Immediate Report dated December 31, 2013 (ref. no. 2013-01-113437) concerning an assessment of a strategic initiative to split the Company's holdings, whereby the Company's business in the field of energy and gas and oil exploration would be concentrated in a new company, whose shares would be registered for trading on a foreign stock exchange and/or also in Israel ("the Split Process"), the Company announces as follows: In accordance with the Company's strategic plan to concentrate on developing its core assets in the field of energy, as stated in section 1.26.1 of the Company's 2013 Periodic Report that was published on March 31, 2014 (ref. no. 2014-01-030843), the Company has entered into binding agreements and/or is engaged in advanced negotiations to realize some of its assets, so that following completion of the process as described, if it will be completed, the Group's principal assets will be concentrated in the energy field (the gas and oil exploration fields and the petroleum products field in Israel). Accordingly at a meeting of the Company's Board of Directors held on August 28, 2014, the Board instructed the Company's management to assess the possibility of registering the Company's shares for trading on the London Stock Exchange and issuing its shares there (in addition to registration for trading in Israel), in lieu of carrying out the Split Process. It is stipulated that there is no certainty at this point that registration process will be completed and that the Company will register and/or issue its shares on the London Stock Exchange (in addition to their registration on the Tel-Aviv Stock Exchange today). This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on August 28, 2014. 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 the finance sector. For more information on Delek Group please visit www.delek-group.com Contact
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