Results of tender to obtain prior commitment from classified investors

February 8, 2018 at 9:04 PM EST

Tel Aviv, February 8, 2018. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to the Company's Immediate Report dated February 6, 2018 concerning assessing the possibility of carrying out a public offering of a new series of debentures and publication of a draft trust deed and a summary of the terms of the offering (ref. no. 2018-01-012817):

  1. On February 8, 2018 a tender took place to receive prior commitments from classified investors concerning the possible issue of a new series of debentures (Series B34) with fixed annual interest and unlinked (capital and interest) to any index ("the Debentures"), in accordance with the shelf offering report that the Company intends to publish based upon the Company's shelf prospectus dated May 31, 2016.
  2. The Debentures were offered to the classified investors in units containing Debentures (Series B34) with a par value of NIS 1,000 each, based on a tender for the annual interest rate that the Debentures will bear.
  3. In the tender orders were received for prior commitments for Debenture units for an overall par value of NIS 782 million; of these the Company has received prior commitments for the purchase of Debentures with a par value of NIS 520 million. The interest set in the tender is 4.48%, and in the offering, if it takes place, this will represent the maximum interest rate to be borne by the Debentures.
  4. It should be emphasized that the final interest rate that the Debentures will bear will be set in a tender as part of the Company's public offering, if it takes place, based upon the shelf offering report through a uniform offering. The size of the public offering and the rest of its terms will be published in the shelf offering report, if published.

Carrying out of the offering of Debentures and publication of the Shelf Offering Report as stated, are subject inter alia to receipt of all the approvals required in law, including approval of the Tel-Aviv Stock Exchange Ltd for registration for trading of the Debentures (which to date has not yet been received).
There can be no certainty that the offering will be carried out or when. Nothing in this report shall be deemed an offering for the purchase of the Company's securities or an order to offer them for purchase.

This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on February 8, 2018.

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

Contact

Investors

Dina Vince
Head of Investor Relations
Delek Group Ltd.
Tel: +972 9 863 8444
investor@delek-group.com