PRESS CONTACT INVESTOR RELATIONS CONTACT Maya Avishai Dudi Musler Head of Global External Communications Investor Relations Manager +972-3-684-4471 +972-3-684-4448 [email protected] [email protected]

KEY HIGHLIGHTS FROM ICL INVESTOR CONFERENCE

- At TASE investor day for the Israeli market, ICL's management indicated the possibility of additional divestments of non-synergetic holdings and the formulation of its future strategy -

Tel Aviv, Israel, June 22, 2017 – ICL (NYSE &TASE:ICL), a leading global specialty minerals and specialty chemicals company, announced today, at an Investor Day held by the Company for the Israeli market at the Tel Aviv Stock Exchange, that it is exploring various opportunities to divest subsidiaries and\or assets that have a low synergy profile to ICL's mineral chain or portfolio for approximately \$500 million or more as part of the Company's plan, among others, to create available sources of financing for further investments, inasmuch as such investments are decided upon, as well as to reduce the Company's current leverage level.

Leading the speakers at the Company's Investor Day was ICL Chairman, Johanan Locker, who revealed that its Board of Directors is currently formulating a new strategy to guide the future plans and operations of the company, as well as its leverage levels, growing the Company's Specialty Solutions division and further strengthening the competitiveness of the Company's commodity assets.

ICL's Acting CEO, Asher Grinbaum, discussed the strategic importance of ICL's Dead Sea operations as well as the Company's other competitive advantages, including its broad innovation capabilities. He also emphasized the importance of ICL's efforts to diversify its operations and achieve a proper balance between its commodities and specialties businesses, especially in light of current conditions in the commodities markets.

Among other management addressing the conference were Kobi Altman, ICL's CFO, who reviewed the Company's successful efficiency gains through operational excellence initiatives and costreduction efforts, resulting in a reduction in cost per tonne, as well as its strict Capex management and its strong free cash flow generation – necessary in order to remain competitive in a challenging business environment.

The investor presentation follows this announcement and can be also viewed on the Company's website at www.icl-group.com.

About ICL

ICL is a global manufacturer of products based on specialty minerals that fulfill humanity's essential needs primarily in three markets: agriculture, food and engineered materials. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs approximately 13,000 people worldwide, and its sales in 2016 totaled US\$5.4 billion. For more information, visit the company's website at www.icl-group.com.

תרגום נוחות – הנוסח המחייב הוא נוסח הדיווח באנגלית

איש קשר - קשרי משקיעים איש קשר - תקשורת דודי מוסלר מיה אבישי 03-6844477 03-6844448

מנהל קשרי משקיעים, כיל מנהלת תקשורת חוץ גלובלית, כיל [email protected] [email protected]

עיקרי הדברים מתוך כנס המשקיעים של כיל

- בכנס משקיעים שערכה החברה לשוק ההון הישראלי ושהתקיים בבורסה לניירות ערך בת"א, עדכנה הנהלת כיל על אפשרות למימוש נכסים נוספים בעלי סינרגיה נמוכה ועל פיתוח האסטרטגיה העתידית של החברה

תל אביב, 22 ביוני 2017 – כיל (ICL :TASE & NYSE(, יצרנית עולמית מובילה של מינרלים וכימיקלים מיוחדים, הודיעה היום במהלך כנס משקיעים שקיימה בבורסה לניירות ערך בתל אביב, כי היא בוחנת הזדמנויות שונות למימוש חברות-בת ו/או נכסים שהנם בעלי סינרגיה נמוכה עם שרשרת המינרלים והפורטפוליו של החברה בסכום של כ500- מיליון דולר או יותר. זאת, כחלק מתכנית החברה ליצור, בין השאר, מקורות זמינים למימון עבור השקעות נוספות, בכפוף להחלטות בנושא, וכן לצמצם את רמת המינוף הנוכחית של החברה.

יו"ר כיל, יוחנן לוקר, שהוביל את החברה בכנס המשקיעים, עדכן כי דירקטוריון החברה מנסח בימים אלו אסטרטגיה חדשה אשר תנחה את פעילותה ותכניותיה העתידיות של החברה, כמו גם את רמת המינוף שלה, תוך חיזוק חטיבת הפתרונות המיוחדים וכושר התחרותיות של נכסי הקומודיטי של החברה.

מ"מ מנכ"ל כיל, אשר גרינבאום, דן בחשיבותה האסטרטגית של פעילות החברה בים המלח עבור כיל, וכן ביתרונותיה היחסיים של החברה, ובכלל זה יכולותיה הייחודיות בתחום החדשנות. הוא גם הדגיש את חשיבות מאמציה של כיל לגוון את פעילותה ולהשיג איזון בין עסקי הקומודיטי ועסקי המוצרים המיוחדים, במיוחד לאור התנאים הנוכחיים בשווקי הקומודיטי.

בין מנהלי החברה הנוספים אשר נשאו דברים בכנס היה גם ה-CFO של החברה, קובי אלטמן, אשר סקר את תהליכי ההתייעלות המוצלחים של החברה באמצעות יוזמות מצוינות תפעולי ומאמצים לצמצם עלויות, אשר הובילו להורדת העלות לטון ולניהול מבוקר של ההוצאות ההוניות ויצירת תזרים מזומנים משמעותי – צעדים חיוניים על מנת להשאר תחרותיים בסביבה עסקית מאתגרת.

המצגות שהוצגו בכנס המשקיעים מצורפות לדיווח זה להלן וזמינות לעיון באתר החברה com.group-icl.www.

אודות כיל

כיל היא יצרנית גלובלית של מוצרים מבוססי מינרלים ייחודיים שמספקת את צרכיה החיוניים של האנושות בעיקר בשוקי המזון, החקלאות, והחומרים המורכבים. כיל הינה חברה ציבורית הנסחרת בבורסה בתל-אביב ובניו יורק )ICL:NYSE AND TASE). החברה מעסיקה כיום כ13,000- עובדים ברחבי העולם. מכירותיה בשנת 2016 הסתכמו בכ- 5.4 מיליארד דולר. למידע נוסף בקרו באתר האינטרנט של החברה בכתובת .WWW.ICL-GROUP.COM

ICL Israeli Investor Day

Tel Aviv June 22nd , 2017

Safe Harbor

This Presentation (references to which and to any information contained herein shall be deemed to include information which has been or may be supplied in writing or orally in connection herewith or in connection with any further enquiries) is provided for the sole purpose of providing general information to assist the recipient in deciding whether it wishes to proceed with a further investigation for investing in Israel Chemicals Ltd. and/or its affiliates (hereinafter jointly referred to as the "Company" or "ICL"). This Presentation shall not form the basis of, or be relied upon in connection with, any contract or commitment whatsoever, and it does not purport to be comprehensive or to contain all the information that the recipient may need in order to evaluate the Company and/or its assets.

No representation, warranty or undertaking, express or implied, is given by ICL and/or any member of the ICL Group or their respective directors, officers, employees, agents, representatives and/or advisers as to or in relation to the accuracy, completeness or sufficiency of the information contained in this Presentation or as to the reasonableness of any assumption contained therein. To the maximum extent permitted by law , the Company and its respective directors, officers, employees, agents, representatives and/or advisers expressly disclaim any and all liability which may arise from this Presentation and any errors contained therein and/or omissions therefrom or from any use of this Presentation or its contents or otherwise in connection therewith.

No representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on, any valuations, forecasts, estimates, opinions and projections contained in this Presentation. In all cases, recipients should conduct their own investigation of any analysis of the Company and/or its assets and the information contained in this Presentation. Nothing in this Presentation constitutes investment advice and any opinions or recommendations that may be contained herein have not been based upon a consideration of financial situation or particular needs of any specific recipient. Any prospective investor interested in buying Company's securities or evaluating the Company and/or its assets is recommended to seek its own financial and other professional advice.

This Presentation and/or other oral or written statements made by ICL during its presentation or from time to time, may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Whenever words such as "believe," "expect," "anticipate," "intend," "plan," "estimate", "predict" or similar expressions are used, the Company is making forward-looking statements. Such forward-looking statements may include, but are not limited to, those that discuss strategies, goals, financial outlooks, corporate initiatives, existing or new products, existing or new markets, operating efficiencies, or other non-historical matters.

These forward-looking statements and projections are not guarantees of future performance and are subject to a number of assumptions, risks, projections and uncertainties, many of which are beyond the Company's control, which could cause actual results, performance or achievements to differ materially from those described in or implied by such statements or projections. Because such statements deal with future events and are based on ICL's current expectations, they could be impacted or be subject to various risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in our Annual Report on Form 20-F for the year ended December 31, 2016, and in subsequent filings with the Tel Aviv Securities Exchange (TASE) and/or the U.S. Securities and Exchange Commission (SEC). Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can provide no assurance that expectations will be achieved. Except as otherwise required by law, ICL disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise. Readers, listeners and viewers are cautioned to consider these risks and uncertainties and to not place undue reliance on such information.

Certain market and/or industry data used in this Presentation were obtained from internal estimates and studies, where appropriate, as well as from market research and publicly available information. Such information may include data obtained from sources believed to be reliable, however ICL disclaims the accuracy and completeness of such information which is not guaranteed. Internal estimates and studies, which we believe to be reliable, have not been independently verified. We cannot assure that such data is accurate or complete.

Included in this presentation are certain non-GAAP financial measures, such as Adjusted Operating income and Adjusted Net income, designed to complement the financial information presented in accordance with GAAP because management believes such measures are useful to investors. These non-GAAP financial measures should be considered only as supplemental to, and not superior to, financial measures provided in accordance with GAAP. Please refer to our Annual Report on Form 20-F for the year ended December 31, 2016 filed with TASE and the SEC for a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable financial measures prepared in accordance with GAAP.

ICL In Numbers

2016 SALES BY BUSINESS LINE (US\$ M) 2016 OPERATING INCOME BY BUSINESS LINE (US\$ M)

Strategic Directions

Mr. Asher Grinbaum Acting CEO

August 1973

Risk Diversification and Balance

Stable & Diversified Assets

Essential Minerals

Specialty Solutions

Global Distribution

Much More Than A Potash Company

Innovation

Population growth

Profitability increase

ICL's Top Management: Over 140 Years of Experience

Asher Grinbaum, Acting CEO 42 years in ICL

Kobi Altman, CFO 2 years in ICL

Charles Weidhas, COO 10 years in ICL

Ofer Lifshitz, President, ICL Essential Minerals 21 years in ICL

Rani Loebenstein, SVP, Global CR 3 years in ICL

Yakir Menashe, EVP Global HR 11 years in ICL

Lisa Haimovits, SVP General Counsel & Company Secretary 8 years in ICL

Eli Glazer, President, ICL Specialty Solutions 34 years in ICL

Hezi Israel, EVP BD & Strategy 10 years in ICL

Our home base – The Negev

Our home base – The Community

Financial Overview

Kobi Altman CFO

ICL's Minerals Value Chains

ICL's Market Focus

21 Selected Strategic Considerations

ICL Portfolio is Addressing Mega Trends

ICL Portfolio

Cost per tonne reduction

Efficiency gains contribution breakdown

2016 vs. 2015 cost/tonne reduction breakdown

Strict CapEx Management while still Investing in Future Growth

Improving Working Capital Management and Cash Flow Generation

Working Capital** \$ Million

Essential Minerals Division

Ofer Lifshitz President ICL Essential Minerals

Organizational Structure

	ICL Essential Minerals Profile
2016 Sales*			Safety		Environment Full compliance
\$ 3,200 M			First Priority
	2016 Adjusted Operating Income**		2016 Sales Volume
\$ 400 M	Employees Worldwide		Potash Fertilizers Polysulphate	5,160 K ton 2,660 K ton 200 K ton
~ 8 ,000			2016 Production
	Global Presence		Potash Phos. Rock Fertilizers	5,300 K ton 5,750 K Ton 2,730 K Ton
** Before G&A expenses All numbers are rounded	* Before setoffs and eliminations
		Potash	Phosphate	Specialty Fertilizers	32

ICL Essential Minerals - Organizational Structure

ICL Essential Minerals Division

Global Fertilizer Demand

Morepeoplewantmore…

Demand for fertilizers is closely linked to the demand for food and fuel crops

Total Fertilizer Use by Crop at Global Level

Source: IFA- Assessment of Fertilizer Use by Crop at the Global Level

World Main Crops Long Term Forecast Consumption, Stock and Stock to Use Ratio

Source: OECD-FAO Agricultural Outlook 2016-2025 (Jul 2016)

Global Fertilizer Consumption

Potash Market Share

Total Import 2016

TSP Trade 2016

Potash - Operational advantages

Vast raw material source (Israel, Spain)
Unlimited open-air stockpiling capacity (Israel)
Low production cost (Israel)
Synergy with other plants in Sdom site.
Logistic advantages
- Geographic locations
- Access to deep water ports
Synergy within the Business unit. % 2016 Production (~5,300 K Tons)

Phosphate - Operational advantages

The operational advantages of Phosphate, starting with the P2O5 value chain

18% Logistic advantages.
- Geographic locations
- Hub center in Europe (Amfert)
Synergy within the production sites.
Production optimization between the sites.
Captive use for ICL internal products.

Operational Excellence

Efficiency program in all sites

Tight cost control

Utilize synergies within ICL

Operational Excellence

Leading to Organizational Culture of Continuous Improvement

World class operational standards
Workforce Empowerment
Innovation Industry 4.0
Best practice sustainability

Hundreds of single initiatives

i.e. – Energy Saving

Energy Saving 2016 ~ \$ 15 M

Accumulated Energy Savings since 2012 ~ \$ 81 M

Improved Competitiveness

Potash average realized full cost per tonne

Green phosphoric Acid Cost \$/tonne FOB

2017 Efficiency and Value Creation Target

~\$100 million For ICL

Polysulphate™: The Future of ICL UK

Readily available - new natural fertilizer in the market

50% 14% K S 36% Mg+Ca

3,000

6,000

Polysulphate Sales plan, K Tonnes

Moving from 2 production centers to one production center while reducing the cost per tonne

Operational improvements and reduction in cost per tonne In the next step – increase production capacity

YPH

YPH – JV of ICL and YTH since end 2015

Objectives:

To become a player in the Chinese market.
Establish the same Value Chain as in Rotem.

ICL has history of more than 20 years of activity in China

What was done till now ?

Integration
Operational excellence
Moving from Commodity to Specialty.

Significant potash presence in emerging markets

Low production cost

New semi-specialty activity

Great potential growth for the SF BU

P2O⁵ value chain in Israel and in China

Experienced management team

Specialty Fertilizers

Eli Amon ICL Specialty Fertilizers' Manager

Global needs evolve

Specialty Fertilizers and Bio solutions became an important part of the Ag input

1 Calcium, Magnesium and Sulfate

2 iron, cobalt, chromium, copper, iodine, manganese, selenium, zinc and molybdenum

Global Trends & Needs will drive development towards specialty fertilizers

Expected Nutrient use efficiency growth : + 4-7 % per year

A Global Manufacturer of Products that Fulfills Essential Needs in the Agriculture Market

ICL SF has a broad offer of unique specialty fertilizer technologies

Optimal Plant Nutrition Less is more!

ICLSF has developed specialized fertilizer products that match application technique: foliar, drip or soil applied

Controlled Released Fertilizers

Foliar Fertilizer

Fertigation/

Soluble Fertilizers

Our Core Market

Specialty Agriculture Fruit, vegetables & arable crops

Turf & Landscape Golf courses, sports fields & landscape

Ornamental Horticulture Nursery stock, perennials, pot & bedding plants

Our Core Markets and Products

Our Core Markets and Products / Turf

Our Core Markets and Products / Water Conservation Agents

ICL Specialty Fertilizers is a leader in the market

ICLSF is a leader in the market

Turf, Ornamental Horticulture & Landscape

Leader in Turf in Europe & Middle East
1 in CRF/Solubles in Ornamental

Strong positioning in the Spec-Ag market

Specialty Agriculture

1 in Crystaline PK solubles
1 in Liquids in Spain and Israel
Top 3 in Fertigation
-

Global players by Product Categories

	Coated Fertilizers		Solubles / Straights			Liquids
	SRF	CRF	Soluble NPK	MAP/ MKP	SOP/CN	NOP	Bulk Liquids	Foliar Liquids
ICL-SF	^	^	^	^			^	^
Compo	^	^	^					^
Haifa Chemicals		^	^	^		^
YARA			^		^			^
SQM		^	^		^	^
Kingenta		^	^	^		^
ICL-SF	Compo			Haifa		SQM		YARA	Kingenta

World Market Trends in the key segments

From Mine to Advice

https://www.youtube.co m/watch?v=D-MX63DXllM

Key Takeaways

ICL Specialty Fertilizers An attractive investment opportunity

Fast Growing Industry Driven by Global Trends

Efficient Supply Chain and Strong Professional Sales Force

Leader in Key Markets

Well Positioned for Growth with Wide Portfolio

Established Brands End User Inspired Innovation

Thanks for listening

Specialty Solutions Division

Eli Glazer President, ICL Specialty Solutions

Organizational Structure

Specialty Solutions Profile

45% 55% OF ICL SALES IN 2016* 45% \$2.6B ANNUAL SALES* \$530M ADJ. OPERATING INCOME**

% SALES BY BUSINESS UNIT (2016)

EMPLOYEES WORLDWIDE

* Before setoffs and eliminations
** Before G&A expenses
All numbers are rounded

SPECIALTY SOLUTIONS SALES DISTRIBUTION

Specialty Solutions' Organizational Structure

Specialty Solutions Division

Anat Tal, EVP Industrial Products, 25 in ICL

James Moffatt, EVP Advanced Additives 12 years in ICL

Rene Krebs,

EVP Food 3 years in ICL

Specialty Solutions: Main Strategic Goals

Expand through differentiation

Innovation

Demonstrated success

Cost optimization: Lean & Reliable

Simple and lean organisation Operational cost reduction

Geographic Expansion

Asia Pacific Latin America

Global Leaders

Highest concentration of Bromine in the World

Full phosphate chain from Rock to Salts: largest global merchant marketer of Purified Phosphoric acid

Variety of single, multi blends and agglomeration technology

Advanced Additives Profile

All numbers are rounded

Advanced Additives – A Stable Portfolio With Broad Applications

Advanced Additives Trends and Opportunities

Market Trends

Strategy: Leverage on market trends

Increasing infrastructure spend
Less potable Water
Global weather pattern
Increased Vehicle demand

Phosphate Value Chain - Markets and Competition

Food Specialties Business Model

Food Specialties Accelerated Growth Engine

Follow key industry trends

Growing middle class in emerging markets
Increase Processed food consumption
Longer shelf- life
"On the go"
"Cleaner label"
Health and Nutrition (gluten free, reduced salt)

Market Trends Growth Opportunities

High-growth new applications in Meat and Dairy
Expand portfolio through tailored solutions
Local presence in growing emerging markets

Specialty Solutions Revenue Summary 2016A – 2021P

Main Takeaways for Advanced Additives & Food

Backward integration

Innovation capabilities & human capital

The only Global player with worldwide presence

Growing sales and margins despite competitive market environment

Industrial Products

Anat Tal ICL Industrial Products Manager

ICL-IP in a snapshot

ICL-IP Strategy

Future opportunities

Key takeaways

ICL-IP snapshot

\$953* million sales in 2016

11 Manufacturing sites WW

1,705 Employees

3 R&D centers

ICL-IP snapshot

Global presence

ICL-IP Product Supply Chains

Source: ICL estimates, MarketsandMarkets

ICL holds the largest capacity (KMT) Global Bromine Capacity, by producer

Bromine demand by industry - 2016 Market utilization rates: 70-80%

Source: ICL estimates, MarketsandMarkets

Global Trends and major End Markets

ICL-IP Market Leadership

in Flame Retardants in Bromine capacity in Bromine compounds plant in Bromine Iso-tank fleet in Brominated biocides in Phosphorus FRs in Clear Brine Fluids in Self-extinguishing Hydraulic fluids

in Solid MgCl

in Magnesia for Nutraceutical market ¹⁰⁴