Monday, November 21, 2016

Amendment to Agreement for the Supply of Natural Gas between the Tamar Partners and the Israel Electricity Corporation - Update - DELEK GROUP


Tel Aviv, November 21, 2016

Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that pursuant to what was stated in section 7.12.4(A)(3) of the Company's Annual Report to December 31, 2015 (as amended) that was published on May 30, 2016 (ref. no. 2016-01-037758), and the Company's Immediate Report dated September 4, 2016 (ref. no. 2016-01-116773) concerning signature of the amendment to the agreement between the Tamar project partners, including Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership, ("the Tamar Partners") and the Israel Electricity Corporation Ltd ("IEC") concerning exercise of the option to increase the amounts of gas that the IEC will require, provided below is an Immediate Report published by each of Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership (jointly "the Partnerships"), concerning receipt of approval for the agreement amendment from the financing bodies of the Tamar Partners.


Pursuant to what was stated in section 7.13.4(A)(4) of the Partnerships' Annual Reports to December 31, 2015 that were published on March 28, 2016 and to the Partnerships’ Immediate Report dated September 1, 2016 concerning signature of an amendment to the agreement between the Tamar Partners and the IEC concerning exercise of the option to increase the amounts of gas that the IEC will require, the Partnerships announce that approval has been received for the agreement amendment from the financing bodies of the Tamar Partners.

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