November 30, 2025
NewMed Energy - Limited Partnership (the Partnership)
Dear Sir/Madam,
To:Israel Securities Authorityvia Magna To:Tel Aviv Stock Exchange Ltd.via Magna
Subject: Additional Extension of the Date for the Fulllment of Preconditions in the Transaction for Increasing the Quantities of Natural Gas Exports to Egypt
Further to what was stated in the immediate report of the Partnership dated August 7, 2025 (reference number: 2025-01-058580), regarding the engagement of the holders of rights in the Leviathan Project with Blue Ocean Energy in an amendment to the export agreement to Egypt dated August 7, 2025 (the Export Agreement Amendment), and further to what was stated in the immediate report of the Partnership dated October 30, 2025 (reference number: 2025-01-082110), regarding the extension of the date for fullling the preconditions for the entry into effect of the Export Agreement Amendment, the Partnership is honored to update as follows: The parties agreed that the date for the fulllment of the preconditions for the entry into effect of the Export Agreement Amendment will be extended until December 31, 2025.
Further to what was stated in the immediate report of the Partnership dated November 2, 2025 (reference number: 2025-01-082380), regarding the procedures for obtaining the export permit to Egypt due to the Export Agreement Amendment (the Export Permit), the Partnership wishes to update that, as part of the ongoing discussions related to the export permit with the participation of the Ministry of Energy, Ministry of Finance, and the holders of rights in the Leviathan Project, agreement has not yet been reached on an agreed wording of the Export Permit.
The holders of rights in the Leviathan Project are continuing discussions with the aim of reaching an agreed wording of the Export Permit.
Forward-Looking Information Warning – The information in this report regarding the possibility of obtaining an agreed version of the Export Permit and the fulllment of the preconditions for the entry into effect of the Export Agreement Amendment, of which the receipt of the Export Permit is one, constitutes forward-looking information as dened in section 32A of the Securities Law, 1968. It should be emphasized that, as of the date of this report, the receipt of the Export Permit and the fulllment of the preconditions for the entry into effect of the Export Agreement Amendment are not certain, as they depend, among other things, on the receipt of approvals and consents and the fulllment of conditions which are not under the control of the holders of rights in the Leviathan Project.
The holders of rights in the Leviathan Project and their holdings are as follows:
| 45.34% |
The
Partnership |
| 39.66% |
Chevron
Mediterranean
Limited |
Ratio Energies - Limited Partnership 15.00%
Respectfully,
NewMed Energy Management Ltd.
The General Partner in NewMed Energy - Limited Partnership
By: Yossi Abu, CEO
Saar Perag, VP Natural Gas Trade