Delek : Results of Offering Based on Shelf Offering Report of February 19, 2015

Tel Aviv, February 22, 2015. Delek Group (TASE: DLEKG, OTCQX: DGRLY) ("the Company"), hereby gives notice in accordance with the Securities Regulations (Announcement of Results of an Offering in a Prospectus), 1969 of the results of the offering in the Company's shelf prospectus dated July 5, 2013 ("the Prospectus") and based on the Company's shelf offering report dated February 19, 2015 ("Offering Report"):

1. Based on the Offering Report the Company offered the public up to par value NIS 800,000,000 of the Company's debentures (Series 31) ("the Debentures") in 800,000 units, by way of a tender for the annual interest rate that the Debentures will bear.
2. Results of the tender:
3. 1. In the tender that took place on February 19, 2015, 1,770 orders were submitted for the purchase of 924,225 units (including 147 orders from classified investors for the purchase of 686,470 units) for a monetary value of NIS 924.2 million.
   2. The interest rate set was 4.3% ("Closing Interest Rate").
   3. In accordance with section 2.7 of the Prospectus, the units were allocated as follows:
   4. 1. 1,688 orders for the purchase of 793,460 units (including 111 orders from classified investors for the purchase of 559,357 units), were fulfilled in full, for which a lower interest rate than the Closing Interest Rate was set.
      2. 5 orders from classified investors for the purchase of 11,950 units, for which the Closing Interest Rate was set, were fulfilled on account of the priority granted them in the allocation, whereby each one received 54.73% of its order (rounded to the nearest unit).
      3. 31 orders from the public for the purchase of 952 units, for which the Closing Interest Rate was set, were not accepted, because following allocation to the classified investors there were no units left for distribution.
      4. 46 orders for the purchase of 117,863 units (including 31 orders from classified investors for the purchase of 115,163 units), for which a higher interest rate than the Closing Interest Rate was set, were not fulfilled.
4. In the light of the foregoing, the Company issued Debentures (Series 31) with a par value of NIS 800 million for a total gross consideration of NIS 800 million.

The Company thanks the investors for their response to the offering.

In addition, as the closing interest rate was set at 4.3%, the biannual interest rate to be paid on the Debentures (Series 31) is 2.15%.

The first payment of interest on the Debentures (Series 31) will be paid on August 20, 2015, and will be paid for the period comencing on February 22, 2015 (the first trading day following the day of the bid) and ending on August 19, 2015. The calculation is based on a count of 365 days per year, according to the number of days in the abovementioned period. The interest rate payable for the first interest payment is 2.1088%.

This is a convenience translation of the original HEBREW immediate reports issued to the Tel Aviv Stock Exchange by the Company on February 21, 2015, and February 22, 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