Delek US Subsidiary Initiated Public Offering of Logistics LP

Tel Aviv - Delek Group (TASE: DLEKG, OTCQX:DGRLY) further to the immediate report dated July 12, 2012 (Reference No. 2012-01-183789), announces that Delek US Holdings Inc., (“Delek US”), the US subsidiary of the Company, reported on Friday morning (Israel time) that Delek US subsidiary, Delek Logistics Partners, LP, a Delaware limited partnership (“Delek Logistics”), issued the pricing of its initial public offering of 8,000,000 common units representing limited partner interests in Delek Logistics at $21.00 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,200,000 common units at the same price, less underwriting discounts, to cover over-allotments, if any. The common units are expected to begin trading on the New York Stock Exchange on November 2, 2012 under the ticker symbol “DKL.”

Upon conclusion of the offering, the public will own a 32.7% limited partner interest in Delek Logistics or a 37.6% limited partner interest, if the underwriters exercise, in full, their option to purchase additional common units.

For further information on the transaction, please refer to Delek US’ web site at: www.delekus.com

This is a convenience translation of the recent HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Delek Petroleum Ltd on November 2, 2012.

About The Delek Group

The Delek Group, Israel’s dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean’s Levant Basin into one of the energy industry’s most promising emerging regions. Having discovered Tamar and Leviathan, two of the world’s largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 33 TCF.

In addition, Delek has built an extensive network of global downstream assets, including 1,900 gas stations and convenience stores in the U.S., Europe and Israel, and petroleum refineries in the U.S. Delek also holds significant interests in leading water desalination, power generation, insurance and automotive companies.

In 2011, the Company’s revenues were NIS 59 billion. Delek Group’s shares are traded on the Tel Aviv Stock Exchange (TASE: DKLG) as part of the TA25 Index.