Avner Oil & Exploration LP

38% held by Delek Energy, 13% held indirectly by Delek Group. Chairman: Dr. David Cohen CEO: Gidon Tadmor Between 1999 and 2000, Delek Drilling LP and Avner Oil Exploration LP ("Avner") struck for the first time vast quantities of natural gas in two gas fields off the Israeli coast (Noa & Mari-B). The natural gas proved reserves in those two fields, estimated at approximately 32 billion cubic metres and are owned by the Yam Tethys joint venture; 25.5% held by Delek Drilling, 23% held by Avner, 4.4% held indirectly by Delek Group together with 47% held by Noble Energy Inc., a leading American oil exploration company and the operator of the project. Over half of the production of these gas fields has been committed to the Israeli Electric Corporation, while the remainder will be produced for private clients such as Israel Chemicals Ltd. In early 2009, Delek Drilling & Avner along with its partners discovered a second significant gas reservoir; known as Tamar, off the Northern coast of Israel. The natural gas quantities contained in this discovery were estimated at gross mean resources of 5 TCF – approximately five times larger than the amount found in Mari-B and Noa. A more exact assessment of the magnitude of this discovery is to be achieved by the appraisal well scheduled for later in 2009.   The company ownership of these prime drilling locations in addition to numerous licenses for further exploration off the Israeli coast ensures that Delek Drilling and Avner together with their partners will remain Israel’s major gas supplier for the foreseeable future.

Avner Oil & Exploration LP

38% held by Delek Energy, 13% held indirectly by Delek Group. Chairman: Dr. David Cohen CEO: Gidon Tadmor Between 1999 and 2000, Delek Drilling LP and Avner Oil Exploration LP ("Avner") struck for the first time vast quantities of natural gas in two gas fields off the Israeli coast (Noa & Mari-B). The natural gas proved reserves in those two fields, estimated at approximately 32 billion cubic metres and are owned by the Yam Tethys joint venture; 25.5% held by Delek Drilling, 23% held by Avner, 4.4% held indirectly by Delek Group together with 47% held by Noble Energy Inc., a leading American oil exploration company and the operator of the project. Over half of the production of these gas fields has been committed to the Israeli Electric Corporation, while the remainder will be produced for private clients such as Israel Chemicals Ltd. In early 2009, Delek Drilling & Avner along with its partners discovered a second significant gas reservoir; known as Tamar, off the Northern coast of Israel. The natural gas quantities contained in this discovery were estimated at gross mean resources of 5 TCF – approximately five times larger than the amount found in Mari-B and Noa. A more exact assessment of the magnitude of this discovery is to be achieved by the appraisal well scheduled for later in 2009.   The company ownership of these prime drilling locations in addition to numerous licenses for further exploration off the Israeli coast ensures that Delek Drilling and Avner together with their partners will remain Israel’s major gas supplier for the foreseeable future.