

| DELEK AUTOMOTIVE SYSTEMS LTD | 26/03/2009 AGM | |
|---|---|---|
| None | PIRC was not able to secure sufficient information from the company to enable us to deliver an informed report. This was despite attempts by PIRC to secure this information from the company and/or its representatives. PIRC’s Global/Asia service defines reportable companies as those which provide adequate and timely English language disclosure of materials which explain the meeting agenda. PIRC has made best efforts to obtain such disclosures for this meeting but has been unable to do so. Unless sufficient information becomes available subsequent to the issuance of these recommendations, PIRC advises clients not to support the proposals. | None |
| 1 | Approve the discussion of the financial statements and Directors' report for the year 2008 | Abstain |
| 2 | Re-appoint Joint Accountant-Auditors and authorize the Board to fix their remuneration | Abstain |
| 3 | Appoint Mr. Ofer Zelermayer as an External Director | Abstain |