OREANDA-NEWS. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that pursuant to the Partnerships' Immediate Reports dated June 2, 2016 concerning approval of the development plan for the Leviathan field and following publicity in the media, the Company hereby clarifies that no change has occurred in the estimate of natural gas and condensate resources in the Leviathan reservoir, for which the best possible estimate is 21.9 TCF, based upon the resources report prepared by Netherland Sewell and Associates Inc. ("NSAI"), drawn up in accordance with the rules of the Petroleum Resources Management System (SPE-PRMS) and as per the Securities Regulations (Periodic and Immediate Reports), 1970, as published in the Annual Report to December 31, 2015.

It is noted that NSAI is an independent company specializing in natural resources assessments around the world and the leading assessor for publicly traded energy companies in the USA for publication for the public. The Resources Report was drawn up in accordance with the rules of the Petroleum Resources Management System (SPE-PRMS) and as per the Securities Regulations (Periodic and Immediate Reports), 1970.

Warning of forward looking information - the NSAI estimate of resources in the Leviathan field, as stated above, is forward looking information in the meaning of the Securities Law, 1968. The above estimates are based inter alia on geological, geophysical and other information received from the Leviathan reservoir and from wells in nearby reservoirs and are professional estimates and assessments of NSAI alone, for which there is no certainty. The volumes of natural gas and/or condensate that will be extracted in practice, are likely to be different from the above assessments and estimates, inter alia as a result of operational and technical conditions and/or regulatory changes and/or supply and demand conditions in the natural gas and/or condensate market and/or market conditions and/or from actual operations in the reservoir. The above assessments and estimates are likely to be updated as additional information is gathered and/or as a result of an ensemble of factors related to exploration and production projects of oil and natural gas.

Partners in the Leviathan Project and their percentage holdings are as follows:

Noble Energy Mediterranean Ltd.     39.660%
Avner Oil Exploration - Limited Partnership   22.670%
Delek Drilling Limited Partnership     22.670%
Ratio Oil Exploration (1992), Limited Partnership  15.000%