Delek Group Ltd. : Debentures to be Issued in Private Placement

Tel Aviv, November 8, 2011. Delek Group (TASE: DLEKG, OTCQX: DGRLY) ("the Company") announced that on November 8, 2011, the Board of Directors decided to issue debentures in a private placement, expanding existing series-15 debentures. The total amount to be raised is approximately NIS 261 million.

This is a convenience summary of the recent Hebrew immediate report issued to the Tel Aviv Stock Exchange by Delek Group on November 8, 2011.

About The Delek Group

Delek Group is the leading energy & infrastructure group based out of Israel with investments in upstream & downstream energy, water desalination and power plants globally. In addition, Delek is the number one importer & distributor of vehicles in Israel and owns insurance assets in Israel and the US. Earlier this year, Delek Group, through its subsidiaries, discovered significant quantities of high quality natural gas off the coast of Israel. Delek Group sales reached over 43 billion Israeli shekel in 2010.

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

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