INVESTOR PRESENTATION

IMPORTANT LEGAL NOTES

The Presentation (pferences or which and be deenet to indude information which has been or may be supplied in writing or rally in comection hereille of in comection with any ruman enquiries) is provided for the subject in expiration to assist the respient in deciling weber in vishes in for restigation for mestigation for mestigation for mestigat affiliates (neinates joint) velerred to a 1 he "Company" of "Child of the reason" with, any contract or commiment whatseer, and it dosent purport to te omprehensive or to contain and the escient may need in Company and ris asses. The information in this presentation of the presentation of the presentation of the oblemat by w our presentation does not on the processed or in the many consistion in Israel Chemical Ltd. securities of the affiliates or subsidiares

no concentation, warating express or included is color any neember of the CL Group of the reseative directors, offices, employees, acontractions and or advises and or realin the accuray, completes or stimation or and the resentation or a other exception ordanet heein. In the mainment permitted by any he Company and the espective directors, encloses and radies expessy dustain any and all liblij whith may ares form this Presentation and any error contined therein and any error contined therei any use of this Presentation or its contents or otherwise in connection therewith.

no representation or warrant is given a to the actives of and or ellance should be places, as intraces, coninces, coninces, coninces, coninces and in this Presentation in Ur respents sould conduct the Conney and it is assets on the internation on the internation. Intining in the Pesentation onstitules mestmast adves and any ginins or recommentations that new not been tase upon a ormalisitivation or particular needs of any specific record. Any prospective mestor interested in bying Company's securites or evaluating the Company and/or its assets is recommended to seek its own financial and other professional advice.

The Pesentation and of the statements nate of Claim in time to time, may contain form time to the nearing of the hire states within the measurities ditization Reform Ato 1995 and the applicable security of the enget, "anicipal" finan" experior" and " expressions an used, he Company is naving formand onling staements Such forward-obling talements nay indept to, the elections strategies, goal, financial unting or new products, existing or new narks, persion efficiencies, or other non-historical matters.

These forward-boling statement and guarates of future performance and are subject o a number of assumptions, may of which are beyon the Compary somto, which could case attactive performance in or these esseded in or inqued by substances or projection. Beases sub statements deal with theme to and on OC S current expectations, the subject to rains and uncertaining including those discussed in the "Risk Factor and electric on our Annual Report on Form an-For the earned December 1, 2017 and in subsequent filter and Children and Enhange Commission (SC). Athough the Company believe that the expectations offected in such fonard-loving statements as a possions in assurance that expectation vill be achieved by Jay, C. dosbians any interior or obligation to update or evise any fonate-boling statements, which the del reed, whether a a result of rew information, in themise. Reader, ishems and views are carionel o onsider hee his and uncertainties and to not place undue reliance on such information.

Cetain natel and in the Pesentation were obained from internal estimates and suclies, were appropriate, a well as fromation any indused a drime from sunces belevel to be elable in the accuray and completens of submition which is not guarned themal estimates and studes, which we beleve on evade, have not been independently verified. We cannot assure that such data is accurate or complete.

houlded in this presentation and Aligned Operating noone and Aliysted Det noome and Aliysted Met noom, elesigned to oncelent in annual information presented in abell formati bearse naragement beleves source in and of inancial masures should be considered only as supplimental to, and not approvince with GAP. Pease efect our honor on For 10-F or the year enter 1, 207 tille with TAS: and he SE Cor resort of the not dress not deel in the not dress, comparable financial measures prepared in accordance with GAAP.

ICL- AT A GLANCE

C \$5.4B

Sales in 2017, with balanced product portfolio

Manufacturing plants in 15 countries worldwide

Employees worldwide, 4,500 in Israel

P TOP 3

Leading supplier across most business lines and target markets

M \$7.5B

Market Cap as of Aug 31, 2018 Traded on TASE since 1992 Traded on NYSE since 2014

Industry leading dividend yield

Investment grade rating & stable outlook. Net debt to EBITDA reduced from 2.9 as of 2017 year-end to 2.2 as of June 30, 2018

Second largest Israeli exporter*

CORE VALUES

SUSTAINABILITY

We are committed to disciplined, continuous improvement in all sustainability areas

\$115M

ICL's investments and expenditures on environmental projects and operations in 2017

99%

Total enterprise-wide particle-matter emissions were reduced by 99% between 2005 and 2017

89%

The vast majority of ICL production sites (89%) are certified for both ISO 14001 and OHSA 18001 (or equivalent standards)- exhibiting our commitment to professional management of both environment and safety

49

Climate Change mitigation: ICL was tied for second highest ranking (A-) among global fertilizer companies in the CDP rating report for 2017

ICL- 90 YEARS OF HISTORY

Establishing & growing operations in Israel 1920s - 1970s

Consolidating & expanding globally 1970s - 2014

Focusing on innovation and solidifying leadership 2000s -

LEADING GLOBAL COMPANY

ICL – STRATEGIC ADVANTAGES

ASSETS

STRATEGIC LOCATIONS KNOW-HOW UNIQUE

proximity to ports & customers

accumulated over decades

STARTUP NATION

innovation

DNA OF LEADERSHIP

1

LEADERSHIP STRATEGY PRESENT Phosphate Solutions division

Industrial Products division

essential ingredients

IAS - Innovative Ag Solutions division

Potash division

POTASH

IAS

ICL BUSINESS LEADERSHIP

Market Share – Specialty Phosphates – Europe, NA, and LatAm¹

ORGANIZATIONAL STRUCTURE ALIGNED WITH STRATEGY

POTASH

IAS

Phosphate Solutions division¹

IAS - Innovative Ag Solutions division¹

\$430M	13%	11%
H1'18 SALES	YoY Growth	OP. Marqin

Potash division¹

LEADERSHIP STRATEGY

INDUSTRIAL PRODUCTS

SOLID LEADERSHIP INDUSTRIAL PRODUCTS

THE GLOBAL BROMINE MARKET LEADER

180K TONNES

NO.1

230K TONNES

NO.1

BROMINE PRICES IN CHINA

INDUSTRIAL PRODUCTS MAIN GOALS

A WORLD LEADER AND BEYOND

CONCRETING OUR GLOBAL LEADERSHIP OF THE BROMINE MARKET

Increasing Demand via new bromine applications

Advocacy & Regulation

Value over volume

Enhancing complementary business

LEADERSHIP STRATEGY

INCREASE YIELDS AND FEED THE WORLD

MEETING THE GLOBAL NEED TO FEED THE WORLD'S GROWING POPULATION

Without an improvement in crop yields, the demand for food will far outpace production

Source: FAO

ICL'S UNIQUE POSITION POTASH

STRONG POSITION

4.8 MILLION TONNES

80% PRODUCED FROM

THE DEAD SEA

NO.6

LOWER COST AND FASTER

TIME-TO-MARKET

ICL'S UNIQUE POSITION POTASH

STRONG POSITION

4.8 MILLION TONNES

80% PRODUCED FROM THE DEAD SEA

NO.6

WELL ESTABLISHED IN GROWING MARKETS

LOWER COST AND FASTER TIME-TO-MARKET

TOP-3 5MT

LEADERSHIP STRATEGY

PHOSPHATE SOLUTIONS - FOOD

ESSENTIAL MINERALS

BITE

TASTE &

MOUTH FEEL TEXTURE & LAST LONGER

RISE

PHOSPHATE SOLUTIONS - INDUSTRIAL

treatment

PHOSPHATE SOLUTIONS ICL'S RECIPE FOR LEADERSHIP

UNIQUE BACKWARD INTEGRATION MODEL

~4,900K TONNES

~90% of phosphate rock

1,150K TONNES

280K TONNES

WITH A LEADING MARKET POSITION

Market Share – Specialty Phosphates – Europe, NA, and LatAm¹

Source: ICL estimates (2017)

AND VALUABLE INNOVATIVE PRODUCTS

PHOSPHATE SOLUTIONS OUR GOALS

A leading provider of value added solutions for the industrial, food and agriculture end markets

Increase capacity of purified phosphoric acid, the base raw material for our downstream specialty products & solutions

Value based product positioning

Innovation new applications & solutions

Geographic expansion

Bolt-on M&A

Outgrow the market

LEADERSHIP STRATEGY

INNOVATIVE AG SOLUTIONS CREATING LEADERSHIP

SPECIALTY FERTILIZERS - THE FOUNDATION FOR THE FUTURE

0

~850K TONNES

OVER 300

25 YEARS

FASTEST GROWING

FAST GROWING INDUSTRY

DIVERSIFIED PORTFOLIO

THE FARMING OF THE FUTURE: WITH INCREASING PRESSURE TO EXPAND PRODUCTION AND PROTECT OUR ENVIRONMENT, HIGH TECH FARMING TECHNOLOGIES WILL PLAY A CRUCIAL ROLE

IAS LEVERAGING ISRAEL'S HIGH-TECH AND AGRI-TECH ECO SYSTEM

THE PERFECT STORM

2B MORE PEOPLE WITHIN 20 YEARS

GROW MORE CHANGE WITH LESS

GROUNDBREAKING SOLUTIONS

ICL AIMS TO OFFER FARMERS CUTTING-EDGE SOLUTIONS

INNOVATIVE AG SOLUTIONS

PORTFOLIO GROWTH

GET CLOSER TO GROWER

UNIQUE R&D CAPABILITIES

INNOVATION DIGITAL TRANSFORMATION

PRESENT&FUTURE LEADERSHIP STRATEGY

ICL IS ON THE VERGE OF A TIPPING POINT

POSITIVE BUSINESS MOMENTUM

IMPROVING MARKET CONDITIONS

SHARE OVERHANG REMOVED

GROWTH STRATEGY

DEBT OPTIMIZATION

ORGANIZATION

THANK YOU visit us at www.icl-group.com

Appendix

Financial Overview

Additional Data Regarding Aligned Divisions

Sales	FY 2015	Q1 2016	Q2 2016	Q3 2016	Q4 2016	FY 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017	FY 2017	Q1 2018	Q2 2018
Potash	1,515	273	299	351	415	1,338	283	314	372	414	1,383	353	346
Phosphate Solutions	2,049	556	584	548	498	2,186	523	507	520	487	2,037	533	541
Industrial Products (Bromine)	1,034	268	294	275	283	1,120	310	291	289	303	1,193	317	331
Innovative Ag Solutions	680	188	189	147	137	661	192	190	154	156	692	221	212
Setoffs and eliminations	(239)	(59)	(55)	(53)	(34)	(202)	(48)	(48)	(46)	(53)	(196)	(53)	(59)
Sub-Total	5,039	1,226	1,311	1,268	1,299	5,103	1,260	1,254	1,289	1,307	5,109	1,371	1,371
Divested businesses' contribution	366	39	66	115	39	260	35	68	151	54	309	33	-
Total Sales - ICL	5,405	1,265	1,377	1,383	1,338	5,363	1,295	1,322	1,440	1,361	5,418	1,404	1,371

Profit	FY 2015	Q1 2016	Q2 2016	Q3 2016	Q4 2016	FY 2016	Q1 2017	Q2 2017	Q3 2017	Q4 2017	FY 2017	Q1 2018	Q2 2018
Potash	637	50	64	75	93	282	37	61	65	119	282	62	76
Phosphate Solutions	340	65	70	48	41	224	37	37	52	23	149	52	55
Industrial Products (Bromine)	225	62	71	77	76	286	77	76	77	73	303	78	94
Innovative Ag Solutions	63	20	23	7	5	55	20	19	9	8	56	25	23
G&A & other	(349)	(86)	(91)	(92)	(84)	(353)	(64)	(65)	(64)	(73)	(266)	(72)	(60)
Sub-Total	916	111	137	115	131	494	107	128	139	150	524	145	188
Divested businesses' contribution	78	4	26	49	9	88	9	25	76	18	128	6	0
Total - adjusted operating income - ICL	994	115	163	164	140	582	116	153	215	168	652	151	188

Strong sales growth and margin expansion

Operating income increased

Strong balance sheet

Solid operating cash flow generation

ICL to align its organizational structure

Q2 2018 Results Summary

\$ millions	02 18	Q2 17	% change	01 18	% change
Sales	1,371	1,322	4%	1,404	(2)%
Operating income	172	144	19%	985	(83)%
Adjusted operating income¹	188	153	23%	151	25%
Adjusted EBITDA1	296	251	13%	251	13%
Net income	101	57	77%	928	(89)%
Adjusted net income¹	113	64	77%	106	7%
EPS2	\$0.08	\$0.04	77%	\$0.73	(89)%
Adjusted EPS2	\$0.09	\$0.05	77%	\$0.08	7%

Operating Cash Flow	164	199	(18)%	36	356%
Net Debt	2,267	3,300	(31)%	2,269

Effective Tax Rate

\$ millions	02 18	FY2017
Adjusted income before tax¹	134	528
Normalized tax rate (including resource tax)	22%	26%
Normalized tax expenses	30	136
Carryforward losses not recorded for tax purposes	3	19
Sub-Total	33	155
Sub-Total - %	25%	29%
Other items (mainly exchange rate impact)	(୨)	1
Adjusted income tax	24	156
Actual Effective tax rate	18%	30%