NewMed Energy – Limited Partnership
Subject: Reference to Publications Regarding the Natural Gas Export Permit to Egypt
To: Israel Securities Authority Via MAGNA
To: Tel Aviv Stock Exchange Ltd. Via MAGNA
November 2, 2025
Reference to Publications Regarding the Natural Gas Export Permit to Egypt
Further to the report of the partnership dated 7.8.2025 (Reference No.: 2025-01-058580) regarding the amendment to the export agreement to Egypt, which was signed on 7.8.2025 between the holders of rights in the Leviathan project and Blue Ocean Energy (hereinafter: the Amendment), and the partnership's immediate report dated 30.10.2025 (Reference No.: 2025-01-082110) regarding the extension of the deadline for the fulllment of the precedent conditions for the Amendment to enter into force until 30.11.2025, and following media publications over the past weekend regarding the procedures for obtaining the export permit to Egypt in relation to the Amendment (hereinafter: the Export Permit), the partnership wishes to clarify that in meetings held last week between the Ministry of Energy and the Leviathan partners regarding the Export Permit, the Ministry of Energy presented a number of conditions to the Leviathan partners, for which understanding has not yet been reached.
The Leviathan partners intend to continue discussions with representatives of the Ministry of Energy in order to reach an agreedupon wording of the Export Permit.
Forward-Looking Information Warning: The information in this report concerning the possibility of obtaining an agreed upon version of the Export Permit and the fulllment of the precedent conditions for the Amendment to enter into force, for which receiving the Export Permit is a precedent condition, constitutes forward-looking information within the meaning of Section 32A of the Securities Law, 1968. It is emphasized that as of the date of this report, the receipt of the Export Permit and the realization of the precedent conditions for the Amendment to enter into force are not certain, as they are subject, inter alia, to obtaining approvals and consent and the fulllment of conditions which are not under the control of the Leviathan partners.
The holders of rights in the Leviathan project and their holdings are as follows:
| The Partnership |
45.34% |
Chevron
Mediterranean
Limited |
39.66% |
Ratio
Energies
–
Limited
Partnership |
15.00% |
Respectfully,
NewMed Energy Management Ltd.
The General Partner in NewMed Energy – Limited Partnership
By: Yossi Abu, CEO
Sarit Zinger, Legal Counsel, VP
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