Delek : Refusal of Right of Appeal

Tel Aviv, September 28, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) ('the Company') announces that pursuant to what was stated in section 1.7.38(B) of the Company's Annual Report to December 31, 2016 that was published on March 30, 2017 (ref. no. 2017-01-033078), attached is an Immediate Report published by Delek Drilling Limited Partnership ('the Partnership') concerning the ruling of the High Court on the petition for the right of appeal submitted by the Tamar partners including the Partnership.

Pursuant to what was stated in section 7.29.2 of the Partnership's Annual Report to December 31, 2016 that was published on March 23, 2017, concerning a petition for the right of appeal that the Partnership submitted together with Noble Energy Mediterranean Ltd., Isramco Negev 2 Limited Partnership and Dor Gas Exploration Limited Partnership ('Petition for Appeal' and the 'the Petitioners', respectively), on the ruling of the District Court which rejected the Petitioners' petition to dismiss in limine the petition to approve a class action submitted by a consumer of the Israel Electricity Corporation Ltd ('Petition for Approval' and 'IEC', respectively), concerning the price at which the Petitioners sell natural gas to the IEC, the Partnership announces that this morning it received the ruling of the High Court refusing the Petition for Appeal and returning the case to the District Court to hear the Petition for Approval itself.

Below is a link to the full text of the ruling (in Hebrew):
http://elyon1.court.gov.il/files/16/710/097/v03/16097710.v03.htm

This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on September 28, 2017.

About The Delek Group

Delek Group is an independent E&P and the pioneering visionary behind the development of the East Med. With major finds in the Levant Basin, including the Leviathan (21.4 TCF) and Tamar (11.2 TCF) reservoirs and others, Delek is leading the region's development into a major natural gas export hub. In addition, Delek has embarked on an international expansion with a focus on high-potential opportunities in the North Sea and North America. Delek Group is one of Israel's largest and most prominent companies with a consistent track record of growth. Its shares are traded on the Tel Aviv Stock Exchange (TASE:DLEKG) and are part of the TA 35 Index.

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

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