Summary Observations Regarding CVR's Campaign
Why You Should Vote the WHITE Proxy Card
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Delek's strategy is working - delivering strong returns, including peer-
leading returns of capital
Delek's independent, diverse and engaged Board is thoughtfully
composed with directors who have the right skills and experiences to
oversee our strategy and deliver shareholder value
Delek determined that CVR's proposals would not maximize value for
Delek shareholders at this time or are actions that Delek has already
been pursuing
CVR's interests are not aligned with Delek's shareholders and many of
CVR's proposals would benefit CVR
CVR's nominees would not be additive to the Board
CVR's nominees also have interconnections with each other and CVR's
CEO, which raise questions regarding their independence from CVR's
CEO and the alignment of their interests with Delek's shareholders
WHITE Proxy Card
1. Election of Delek
Directors
2. Advisory Resolution on
Executive
Compensation
3. Ratification of the
Appointment of
Auditors
4. Amendment to our
2016 Long-Term
Incentive Plan
5. Approval of our
Employee Stock
Purchase Plan
Delek
US
We strongly urge you to reject CVR's self-serving campaign and
support Delek's slate of directors by voting the WHITE proxy card
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