Delek : Leviathan Fields Reserves and Contingent Resources and Discounted Cash Flows Report

Tel Aviv, September 27, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) ('the Company') hereby respectfully issues a revised assessment report of reserves and contingent resources and revised discounted cash flow data for the reserves and part of the contingent resources of the Leviathan Fields, further to that stated in section 1.7.5(j) of the Company's periodic report as at December 31, 2016, as published on March 30, 2017 (Ref. No. 2017-01-033078) (the 'Periodic Report') with regard to the assessment of the Leviathan Project contingent reserves and resources : (the 'Previous Resources Report') in the North Leviathan I/14 and South Leviathan I/15 fields : ('South Leviathan Field' and 'North Leviathan Field', respectively) (the South Leviathan and North Leviathan Fields will be referred to below as: the 'Leviathan Fields' or 'Leviathan Reservoir' or 'Leviathan Project') and the discounted cash flows from the reserves and from part of the contingent resources in the Leviathan Fields, in section 1.7.5 (d) of the Periodic Report concerning drilling of the Leviathan-5 appraisal and production well within the North Leviathan Field ('Leviathan-5 Well'), in the immediate report of July 19, 2017 (Ref. No.: 2017-01-074829), among other things, with regard to expected completion of the Leviathan-5 well once its final planned depth is reached and after verification of the existence of natural gas in three Leviathan Reservoir layers of the (Sands A , B and C), as per the preliminary assessment by the Operator, Noble Energy Mediterranean Ltd. (the 'Operator'), and in the revised Chapter A (Description of the Company's Businesses), included in the Company's Periodic Report as of June 30, 2017, as published on August 30, 2017 (Ref. No.: 2017-01-075706) concerning the completion of the Leviathan 5 drilling on July 30, 2017, pursuant to section 15(b) of Schedule Eleven of the Securities Regulations (Periodic and Immediate Reports) 1970, and all as set out below.

To view the full press release click here