Delek Group (TASE: DLEKG, US ADR: DGRLY) ("the Company") announces that further to what was stated in the Company's immediate report dated April 6, 2017 (ref. no. 2017-01-038103) and in section 1.9 of the Company's 2016 Periodic Report that was published on March 30, 2017, (ref. no. 2017-01-033078), concerning the agreement for the sale of the Company's holdings in the Phoenix Holdings Ltd ("the Phoenix") to Yango Investment PTE Ltd (Yango"), on May 1, 2017 the Company received the attached notification that Yango had entered into an agreement for the acquisition of shares and joint venture with Mr. Yunal Cohen, through a company that he controls, Ofek Dan (2015) Limited Partnership ("Yunal").

This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on May 3, 2017.