About Delek Group

Delek Group Ltd., an energy company, develops, produces, and sells natural gas in Israel and internationally. The company's rights in the Tamar and Dalit project are due to its direct and indirect holdings in 54.7% of the unit capital of Delek Drilling – Limited Partnership (Delek Drilling), which holds 22% of the participating rights in the project. In addition, the company holds 39.93% of the share capital of Delek Royalties, which holds the right to royalties from the share of the Partnership and Tamar Petroleum in the project. Delek Israel sells a range of retail products, such as food products, beverages, cigarettes and other products at its Menta convenience stores. Most Menta stores also provide cash withdrawal services, cutting-edge services (such as charging cellular phones and WiFi), Israel Post services, parcel storage and collection services, payment services to various authorities, etc. Most of its gas stations also sell car accessories. The majority of Menta stores are operated by Delek Israel through Delek Menta. As of December 31, 2019, Delek Israel operated 160 convenience stores, most of which have coffee and food sales points under the Cup O' Joe brand. As of December 31, 2019, 25 convenience stores are operated by franchisees. Segments The company operates through three segments: Energy in Israel, Energy Abroad, and Fuel Products. Energy in Israel This segment’s operations are conducted mainly through the company's direct and indirect holdings in the Delek Drilling partnership, which holds rights to offshore oil assets in the Mediterranean, where significant gas reservoirs where discovered. These include, among others, the Leviathan reservoir, the Tamar reservoir, and the Aphrodite reservoir in Cyprus. Operations are further carried out through the company's direct and indirect holdings in rights to royalties from the Partnership's oil assets and the Karish and Tanin oil assets. The company’s strategy in this segment is to focus on the development, production, and sale of natural gas and exploration of oil and natural gas in its existing oil assets in the Mediterranean Sea. In April 2020, the company completed the sale of all of its holdings in Cohen Development. In 2019, the company, through an Ithaca subsidiary, completed the purchase of 100% of IOGL. IOGL holds rights to ten actively producing oil and gas fields on the continental shelf in the North Sea off the coast of England. IOGL also owns production, treatment and storage facilities, and its operations are synergistic to those of Ithaca and the Group in general. Energy Abroad This segment’s operations are mainly conducted through Ithaca, which holds the rights to oil and gas reserves on the continental shelf in the North Sea off the coast of England, and has proven operator experience. The company also holds rights to oil assets in the Gulf of Mexico and Canada. In 2019, the company, through an Ithaca subsidiary, completed the purchase of 100% of the shares in IOGL. IOGL holds rights to ten activelyproducing oil and gas fields on the continental shelf in the North Sea off the coast of England. IOGL also owns production, treatment and storage facilities, and its operations are synergistic to those of Ithaca and the company in general. Fuel Products This segment’s operations are conducted through Delek Israel, and include sales of fuels and lubricants, the operation of gas stations with on-site convenience stores, and the provision of fuel storage and distribution services in Israel. Delek Israel also maintains holdings in two power plants. Delek Israel is active in the Israeli fuel products industry, and also engages in the sale of fuel products at public gas stations (including gas stations operated by third parties); operation of convenience stores located at most of these gas stations; developing, constructing and operating public gas stations and convenience stores; direct marketing and distribution of fuel products and gas outside the gas station and commercial compounds (Direct Marketing); and storing and supplying fuel for itself and others. Strategy The company’s strategy is to focus on energy operations in Israel and abroad. History Delek Group Ltd. was founded in 1951.