Continuance Completed

01 Aug

Ithaca Energy Inc. (IAECN: ISINs US465676AA22 / USC48677AA34) (the “Company”) notes that it has completed the previously announced process of continuing the Company from Canada into Jersey, Channel Islands, thereby aligning the domicile of the Company with that of its sole shareholder DKL Investments Limited (a wholly owned subsidiary of Delek Group).

In connection with the continuance process, the Company has changed its name to Ithaca Energy Limited. Mr Brad Hurtubise will retire from the Board of Directors and Mr Danny Cole will join as a Non-Executive Director. Mr Cole is a corporate lawyer with significant cross-industry capital markets advisory experience, including in the natural resources sector, and currently serves on the Boards of a number of public and private companies through his role as Director, Corporate Services, at Crestbridge Limited.

Mr Asi Bartfeld (Non-Executive Director) and Mr Les Thomas (Chief Executive Officer of the Company) will continue in their previous roles on the Ithaca Energy Limited Board of Directors.

- ENDS -

Enquiries:

Ithaca Energy
Graham Forbes
gforbes@ithacaenergy.com
+44 (0)1224 652 151

Richard Smith
rsmith@ithacaenergy.com
+44 (0)1224 652 172

FTI Consulting
Ben Brewerton
ben.brewerton@fticonsulting.com
+44 (0)203 727 1065

Emerson Clarke
emerson.clarke@fticonsulting.com
+44 (0)203 727 1564

About Ithaca Energy

Ithaca Energy Inc. is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. The Company is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Limited (TASE: DLEKG, US ADR: DGRLY), Israel’s leading integrated energy company. For further information please consult the Company’s website www.ithacaenergy.com.

Release Continuance Completed