Convenience translation from Hebrew- The binding version is the Hebrew version only

Re: Immediate Report

The company is pleased to inform that with the conclusion of the third quarter 2013 financials and from preliminary indications appears that refining margin of the company will be about 4 dollar per barrel higher than the benchmark refining margin. This is including the new Hydrocracker contribution and also to the natural gas effect. The benchmark refining margin (Med. URAL cracking by Reuters) averaged in the third quarter about 1 dollar per barrel.
In addition, the polymers margins continued to intensify during the third quarter pursuant to the trend that characterized this activity in the second quarter of 2013 and this contributed to the profitability of this activity.
The estimations of the third quarter results are forward-looking statements and are based on the data accumulated to date, which is partial. Accordingly, if the final data, including data unknown to the company at this stage, will be different and/or the company estimation will not materialize, the financial results may be different.

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