<SEC-DOCUMENT>0000950103-17-001458.txt : 20170215
<SEC-HEADER>0000950103-17-001458.hdr.sgml : 20170215
<ACCEPTANCE-DATETIME>20170215060054
ACCESSION NUMBER:		0000950103-17-001458
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		19
CONFORMED PERIOD OF REPORT:	20160215
FILED AS OF DATE:		20170215
DATE AS OF CHANGE:		20170215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ISRAEL CHEMICALS LTD
		CENTRAL INDEX KEY:			0000941221
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE CHEMICALS [2870]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13742
		FILM NUMBER:		17612800

	BUSINESS ADDRESS:	
		STREET 1:		MILLENNIUM TOWER
		STREET 2:		23 ARANHA STREET, P.O. BOX 20245
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			61202
		BUSINESS PHONE:		(972-3) 684-4400

	MAIL ADDRESS:	
		STREET 1:		MILLENNIUM TOWER
		STREET 2:		23 ARANHA STREET, P.O. BOX 20245
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			61202
</SEC-HEADER>
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<DESCRIPTION>FORM 6-K
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt"><B>REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of February, 2017</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-13742</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ISRAEL CHEMICALS LTD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in its charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Israel Chemicals Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Millennium Tower</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>23 Aranha Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>P.O. Box 20245</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Tel Aviv, 61202 Israel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(972-3) 684-4400</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive office)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center; width: 29%"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X&nbsp;</P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 28%"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid; width: 14%">
</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T&nbsp;Rule&nbsp;101(b)(1):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">No</FONT></TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X&nbsp;</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T&nbsp;Rule&nbsp;101(b)(7):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
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    <TD STYLE="font-size: 10pt; text-align: center; width: 29%"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid; width: 14%">
</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">No</FONT></TD>
    <TD STYLE="width: 14%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ISRAEL CHEMICALS LTD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INCORPORATION BY REFERENCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This report on Form 6-K shall be deemed to be incorporated by
reference into the registration statement on Form S-8 (Registration Number: 333-205518) of Israel Chemicals Ltd. and to be a part
thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or
furnished.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ISRAEL CHEMICALS LTD.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Q4 2016 Results</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Item 1</B></FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 9pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD>
    <TD STYLE="width: 50%; text-align: right"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>INVESTOR RELATIONS CONTACT</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><BR>
    <FONT STYLE="font-size: 9pt"><B>Limor Gruber</B></FONT><BR>
    <FONT STYLE="font-size: 9pt"><B>Head of Investor Relations, ICL</B></FONT><BR>
    <FONT STYLE="font-size: 9pt"><B>+972-3-684-4471</B></FONT><BR>
    <FONT STYLE="font-size: 9pt">Limor.Gruber@icl-group.com</FONT></FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>PRESS CONTACT &#9;
    </B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><BR>
    <B>Maya Avishai</B><BR></FONT><P STYLE="margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Head of Global External
                        Communications, ICL</B></FONT></P>


<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>+972-3-6844477 </B></FONT><BR>
<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Maya.Avishai@icl-group.com</FONT></P>


</FONT></TD></TR>
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<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.5in 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.5in 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.5in 0pt 0"></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ICL
REPORTS Q4 2016 RESULTS</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B><I>- Annual sales of $5.36 billion,
similar to 2015. Growth in Specialty Solutions and increased quantities offset the negative impact of commodity prices</I></B></P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B><I>- Reported operating income of $72
million and adjusted operating income of $140 million </I></B></P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B><I>- Cash flow from operations of
$257 million compared to $58 million in Q4 2015. Annual cash flow from operations of $966 million compared to $573 million in
2015</I></B></P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B><I>- Increased efficiency measures, operational
improvements and strict cash flow management help to reduce the impact of challenging business environment </I></B></P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><B><I>- -</I></B></P>

<P STYLE="font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Tel
Aviv, Israel, February 15, 2017 &ndash; </I>ICL <I>(NYSE &amp; TASE: ICL</I></B>), a leading global specialty minerals and specialty
chemicals company, today reported its financial results for the fourth quarter and year ended December 31, 2016.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Consolidated
sales for the fourth quarter were $1,338 million compared to $1,427 million recorded for the comparable period in 2015. Fourth
quarter results were supported by the solid performance of ICL&rsquo;s Specialty Solutions division and record potash sales volumes
in the Company&rsquo;s Essential Minerals division, offset by weaker commodity prices.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Company
reported operating income of $72 million compared to $146 million for the fourth quarter of 2015 and adjusted operating income
of $140 million compared to $233 million in the prior-year quarter. The decline derived mostly from lower Essential Mineral margins
due to unfavorable commodity prices.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">During the quarter the Company continued to benefit from measures it has taken to grow its specialty businesses, increase
its competitiveness, improve its operations and manage its cash generation in order to help mitigate the challenging business
environment. This resulted in cash flow from operations of $257 million in the fourth quarter, a 343% increase over the $58
million in the comparable quarter in 2015. Free cash flow in Q4 2016 (cash flow from operations and dividend from investees
net of CapEx) amounted to $127 million compared to a negative cash flow of $89 million in Q4 2015. Free cash flow in 2016
amounted to $346 million, compared to a negative cash flow of $27 million in 2015.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Q4 and
Year End 2016 Financial Highlights</B>:</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
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    <TD STYLE="color: Black; text-align: left; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: Black; font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">10-12/2016</TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2015</TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2016</TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2015</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: Black; text-align: left; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">mill.</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P></TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">% of</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P></TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT>&nbsp;</P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">mill.</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P></TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">% of</FONT>&nbsp;</P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P></TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">mill.</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P></TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">% of</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P></TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">mill.</FONT>&nbsp;</P></TD><TD STYLE="color: Black; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">% of</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; font-weight: normal; font-style: normal; text-align: left">Sales</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">1,338</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">1,427</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">5,363</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">5,405</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">Gross profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">416</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">31</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">533</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">37</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">1,660</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">31</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,803</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">Operating income (loss)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">72</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">146</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">(3)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">765</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">Adjusted operating income (1)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">140</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">10</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">233</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">16</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">582</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">11</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">994</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 5.65pt; text-align: left; text-indent: -5.65pt"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal">Net income (loss) attributed to the Company&rsquo;s shareholders</FONT></P> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 5.65pt; text-align: left; text-indent: -5.65pt"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">32</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">96</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">(122)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">509</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 5.65pt; text-align: left; text-indent: -5.65pt"><FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal">Adjusted net income attributed to the Company&rsquo;s shareholders (1)</FONT></P> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 5.65pt; text-align: left; text-indent: -5.65pt"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">114</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">180</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">451</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">699</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">EPS</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">0.03</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.08</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">(0.10)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.40</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">Adjusted EPS</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">0.09</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.14</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">0.35</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.55</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">Adjusted EBITDA (2)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">264</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">20</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">331</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">1,051</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">20</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,361</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">Cash flows from operating activities</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">257</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">58</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">-</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">966</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">573</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">-</TD></TR>
</TABLE>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><I>(1) See adjusted operating
income and adjusted net income reconciliations under &ldquo;Financial Results &ndash; Adjustments to Reported Operating and Net
Income</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><I>(2) See adjusted EBITDA
reconciliation in the financial appendix</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-size: 10pt">ICL&rsquo;s
acting CEO, Asher Grinbaum, stated, &ldquo;We are pleased with the Company&rsquo;s performance in light of a challenging business
environment. We continue to diligently control costs and working capital while carefully allocating our resources and continuing
to implement our growth strategy. These measures have helped us to mitigate the impact of commodity prices. While we cannot control
prices, we can mitigate their impact by improving our asset competitiveness, cost base and business diversification. At the same
time, we focus on growing the specialties side of our Company which helped to partially mitigate the major commodity-side challenges
that we faced this year.&rdquo;&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Mr. Grinbaum
added, &ldquo;In 2017 we will continue to focus on commercial and operational excellence with a value creation target of $100
million compared to 2016. These initiatives include efficiency measures, better production utilization, increased sales of new
products and services and better pricing, especially in our specialty businesses. We are very proud of our achievements in these
areas over the past two years, and they are well-positioning ICL to become a stronger, more resilient company in 2017 and for
years to come.&rdquo;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>FINANCIAL RESULTS</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Adjustments
to Reported Operating and Net Income</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: rgb(79,129,189); text-align: center; text-decoration: none; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt; color: Black"><B>10-12
    2016</B></FONT></TD><TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt; color: Black">10-12 2015</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT>1-12 2016</FONT></TD><TD STYLE="text-align: center; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt; color: Black"><B>1-12
    2015</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt; color: Black">$ millions</FONT></TD><TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt; color: Black"><B>$
    millions</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt; color: Black">$ millions</FONT></TD><TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt; color: Black"><B>$
    millions</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; font-weight: bold; text-align: left">Operating income (loss)</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">72</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">146</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right"><FONT STYLE="font-size: 10pt">765</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Provision for historical waste removal (1)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">51</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">20</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">51</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">20</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Provision for early retirement and dismissal of employees (2)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">39</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Provision in respect of prior periods resulting from an arbitration decision (3)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Provision for legal claims (4)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Write-down and impairment of assets</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">56</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">489</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">90</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0.125in; text-indent: -0.125in">Capital loss (gain) from divestitures of non-core businesses and transaction expenses in connection with acquisition and divestitures of businesses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(208)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Retroactive electricity charges</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(16)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">20</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Impact of employee strike</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(17)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">248</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Income from consolidation of previous equity method investee</TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD; border-bottom: #4F81BD 0.5pt solid"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>-</B></FONT></P> <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt">(7)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total adjustments to operating income (loss)</TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD; border-bottom: #4F81BD 0.5pt solid"><FONT STYLE="font-size: 10pt"><B>68</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt">87</FONT></TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD; border-bottom: #4F81BD 0.5pt solid"><FONT STYLE="font-size: 10pt"><B>585</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt">229</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Adjusted operating income</TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>140</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="font-size: 10pt">233</FONT></TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>582</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="font-size: 10pt">994</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Net income (loss) attributable to the shareholders of the Company</TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>32</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="font-size: 10pt">96</FONT></TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>(122)</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="font-size: 10pt">509</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total adjustments to operating income (loss)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">68</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">87</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">585</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">229</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Adjustments to finance expenses (5)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">38</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total tax impact of the above O.I &amp; finance expenses adjustments</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(15)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(22)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">(81)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(58)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Tax assessment and deferred tax adjustments (6)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">36</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Adjustments attributable to the non-controlling interests</TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>(5)</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>(5)</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total adjusted net income - shareholders of the Company</TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-size: 8pt; color: #4F81BD; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>114</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-size: 8pt; text-align: right"><FONT STYLE="font-size: 10pt">180</FONT></TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-size: 8pt; color: #4F81BD; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>451</B></FONT></P></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-size: 8pt; text-align: right"><FONT STYLE="font-size: 10pt">699</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-size: 8pt; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 2px"><B>&nbsp;</B></FONT></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-size: 8pt; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-size: 8pt; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-size: 8pt; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-size: 8pt; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>



<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><I>* With respect to information on prior period
adjustments, please refer to previous financial results for such periods filed on Form 6-K.</I></P>



<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">(1)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In Q4 2016 provision update for historical waste removal at ICL Potash operations
in Spain.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">(2)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In Q4 2016 stemming mainly from the implementation of early retirement program
in YPH JV.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">(3)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In Q4 2016 legal expenses related to a provision in respect of prior periods
resulting from an arbitration <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">decision.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">(4)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In Q4 2016 legal claims expenses related to prior periods following settlements with customers at ICL Dead Sea Bromine
and ICL Neot Hovav.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">(5)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In Q4 2016 finance expenses related to the tax assessment in Israel.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 18pt">(6)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In Q4 2016 Tax adjustments for the tax assessment in Israel.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Sales:</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Sales Analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; text-align: center; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; text-align: center; border-top: rgb(79,129,189) 1 solid"></TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><B>&nbsp;</B></TD><TD STYLE="padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>$ millions</B></FONT></TD><TD STYLE="padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold">Total Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">1,427</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center"></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%"><B>&nbsp;</B></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">5,405</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Quantities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">110</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="image_003.jpg" ALT="Up Arrow: " STYLE="height: 25px; width: 23px"></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>2015</B></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">570</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_003.jpg" ALT="Up Arrow: " STYLE="height: 25px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange Rates</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(14)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 20px; width: 20px"></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(32)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="image_005.jpg" ALT="" STYLE="height: 20px; width: 19px"></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Prices</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(185)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt"><IMG SRC="image_006.jpg" ALT="" STYLE="height: 20px; width: 19px"></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(580)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="image_007.jpg" ALT="" STYLE="height: 21px; width: 19px"></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Total Q4 2016</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,338</FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>2016</B></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">5,363</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: center"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">Q4
2016 sales were impacted by lower fertilizers prices, partially offset by higher potash sales quantities in Brazil and Europe.
Annual sales benefitted from an increase in sales quantities, in light of the strike impact in 2015, which amounted to $452 million,
and the consolidation of the <FONT STYLE="background-color: White">YPH JV</FONT> which contributed $262 million, offset by a
decrease in fertilizers prices and the divestitures of non-core businesses during 2015.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Operating
income and adjusted operating income:</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Adjusted Operating Income Analysis</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"></TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><B>&nbsp;</B></TD><TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><B>$ millions</B></TD><TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold">Total Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">233</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center"></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%"><B>2015</B></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">994</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw Materials, Energy, Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">50</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">159</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Efficiency &amp; Savings</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">30</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_017.jpg" ALT="Up Arrow: " STYLE="height: 25px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">91</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">20</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_018.jpg" ALT="Up Arrow: " STYLE="height: 25px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(38)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange Rates</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_020.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">3</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Other</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(9)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_021.jpg" ALT="" STYLE="height: 20px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(47*)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Prices</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(185)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_022.jpg" ALT="" STYLE="height: 20px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(580)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_023.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt">Total Q4 2016</TD><TD STYLE="color: #4F81BD; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; text-align: right"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><B>140</B></P></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 2.5pt"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>2016</B></TD><TD STYLE="color: #4F81BD; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; text-align: right"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; color: #4F81BD"><B>582</B></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>



<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>


<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">*
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Including inventory write-off, accelerated depreciation and insurance
income received in 2015 </FONT></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The decrease
in adjusted operating income stems mainly from lower fertilizer prices. These were partially offset by lower energy costs and
lower raw materials prices (sulfur used in the production of phosphoric acid, commodity fertilizers used in the production of
specialty fertilizers and a decline in the prices of raw materials used in the production of bromine and phosphorous-based compounds).
In addition, the quarterly and annual results also benefitted from increased efficiency, which also contributed to lower raw material,
energy and transportation costs.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Financing
expenses, net:</B> Net financing expenses in the fourth quarter of 2016 totaled $19 million compared with $29 million in the fourth
quarter of 2015. The decrease reflects a decline in expenses in respect of the fair value of foreign currency hedging transactions,
energy and marine shipping, a revaluation of net liabilities and a decrease stemming from exchange rate differences and interest
expenses relating to provisions for employee benefits. This was offset by an increase in interest expenses in the amount of $12
million, stemming mainly from interest expenses relating to a tax assessment agreement signed with the Israel Tax Authority relating
to prior periods. Net financing expenses for the year totaled $132 million, compared to $108 million in 2015. The increase stems
mainly from higher interest expenses due to an increase in net debt and interest rates and from one- time interest expenses stemming
mainly from the interest on past royalties following a decision in the arbitration between the government of Israel and the Company
as well as the tax assessment agreement signed in Q4 2016, which together amounted to $38 million. These were partially offset
by lower expenses due to the fair value of hedging transactions, revaluation of net liabilities and a decrease in interest expenses
relating to employee benefits.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Tax expenses:
</B>Tax expenses in the fourth quarter of 2016 totaled $50 million compared with $23 million in the fourth quarter of 2015. The
increase stems mainly from the tax assessment agreement relating to prior periods that was signed with the Israel Tax Authority
and a write-off of a tax asset relating to carryforward losses in China offset by deferred tax income that was recognized due
to reduction of the corporate tax rate in Israel. Excluding these items, the effective tax rate on the adjusted income before
tax is 30%, compared with 22% in Q4 2015. The increase in the effective tax rate stems mainly from a reduction in tax benefits
arising from the reduced tax rate applicable to a &ldquo;Preferred Enterprise&rdquo; and &ldquo;Benefitted Enterprise&rdquo;.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Tax expenses
in 2016 totaled $55 million compared with $162 million in 2015. The declines stems mainly from asset write downs in 2016 offset
by the one-time expenses in the fourth quarter as described above. Excluding these items the effective tax rate on the adjusted
income before tax is 30%, compared with 25% in 2015. The increase in the effective tax rate stems mainly from a reduction in tax
benefits and from the implementation of the Natural Resource tax on the bromine activities in Israel.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Net income:
</B>Net income for the fourth quarter of 2016 totaled $32 million compared to net income of $96 million for the comparable period
in 2015. Adjusted net income for Q4 2016 totaled $114 million compared with $180 million for Q4 2015.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Cash flow
&amp; debt movement: <I>Net cash provided by operating activities</I></B> during the fourth quarter of 2016 totaled $257 million,
up $199 million compared with $58 million in the fourth quarter of 2015. This increase stems mainly from strong collections in
the potash business line from customers in India and Brazil in the quarter, as well as a high balance of receivables in the corresponding
quarter last year stemming from an increase in sales following a weaker first half in 2015. In the fourth quarter of 2016, cash
flow used for investment activities decreased by $209 million compared with the corresponding quarter last year to $109 million.
This decrease stemmed mainly from the completion of the acquisition of the YPH JV in China in the corresponding quarter last year,
in the amount of about $163 million, a decline, in the amount of $12 million, in capital expenditures and realization of short-term
deposits and sale of securities in the amount of about $20 million. As of December 31, 2016, the Company&rsquo;s <B><I>net financial
liabilities</I></B> totaled $3.27 billion, a reduction of $155 million compared to its level as of September 30, 2016, as cash
flow from operations more than covered capital expenditure and dividend payout.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>REVIEW
OF OPERATING DIVISIONS</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B><U>Specialty Solutions Division</U></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">10-12/2016</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">10-12/2015</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">1-12/2016</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">1-12/2015</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">millions&nbsp;</FONT></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; font-weight: bold; text-align: left">Industrial Products</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">242</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">241</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">953</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right">871</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Sales to external customers</TD><TD STYLE="color: #4F81BD; font-weight: normal">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">239</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">235</TD><TD STYLE="color: #4F81BD; font-weight: normal">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">946</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">859</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;&nbsp;&nbsp;Sales to internal customers</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: normal; text-align: right">3</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right">6</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: normal; text-align: right">7</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right">12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Advanced Additives</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">214</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">213</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">966</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">945</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Sales to external customers</TD><TD STYLE="color: #4F81BD; font-weight: normal">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">197</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">188</TD><TD STYLE="color: #4F81BD; font-weight: normal">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">897</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">858</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;&nbsp;&nbsp;Sales to internal customers</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: normal; text-align: right">17</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right">25</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: normal; text-align: right">69</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right">87</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Food Specialties</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">151</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">155</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">659</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">613</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Sales to external customers</TD><TD STYLE="color: #4F81BD; font-weight: normal">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">150</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">153</TD><TD STYLE="color: #4F81BD; font-weight: normal">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">650</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">602</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;&nbsp;&nbsp;Sales to internal customers</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: normal; text-align: right">1</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right">2</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: normal; text-align: right">9</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Specialty Fertilizers</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">137</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">145</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">661</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">680</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">&nbsp;&nbsp;&nbsp;Sales to external customers</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">129</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">139</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">632</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">656</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;&nbsp;&nbsp;Sales to internal customers</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: normal; text-align: right">8</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right">6</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: normal; text-align: right">29</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right">24</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">Setoffs</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt; font-weight: normal">(24)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(31)</FONT></P></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: #4F81BD 0.5pt solid; text-align: right"><FONT STYLE="font-size: 10pt; font-weight: normal">(91)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(112)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total division sales</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">720</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>723</B></FONT></P></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">3,148</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>2,997</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Division operating income *</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">126</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>113</B></FONT></P></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">589</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>514</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify; text-indent: -7.65pt"><FONT STYLE="font-size: 10pt">*
Division operating income excluding certain items as well as General and Administrative expenses.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify; text-indent: -7.65pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Business
highlights:</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">ICL&rsquo;s
Specialty Solutions division accounted for 52% (before inter-division eliminations) of the overall sales of ICL and 56% of adjusted
operating income in the fourth quarter (before G&amp;A and inter-division eliminations) as the division&rsquo;s operating income
increased by 12% deriving from continued positive trends in several business lines.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Sequential
                                         and year-over-year operating margin expansion at <B>ICL Industrial Products</B> was supported
                                         by an improved portfolio and cost efficiencies.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Solid
                                         performance and operating margin improvement at <B>ICL Advanced Additives </B>continued
                                         despite pricing pressure in several markets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Dairy
                                         proteins and new product sales drove improvement in <B>ICL Food Specialties&rsquo;</B>
                                         operating margins despite continued competitiveness in the phosphate base business.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>ICL
                                         Specialty Fertilizers </B>was impacted by competitive pressure due to commodity price
                                         decreases, adverse weather conditions and low crop prices.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>ICL Industrial
Products</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Elemental
                                         bromine prices in China remained elevated. This was partially offset by the devaluation
                                         of the RMB compared to the USD.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Transition
                                         from HBCD to FR-122P in Europe continued. In addition, interest in FR-122P in North America
                                         and Asia Pacific is growing, and ICL Industrial Products continues to work on executing
                                         additional long-term supply agreements.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Higher
                                         sales of MERQUEL<B>&reg; </B>(mercury emission control products) were supported by regulation
                                         implemented in mid-2016 and by higher demand for electricity in the USA during Q4 2016
                                         compared to Q4 2015.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Strong
                                         FR-245 sales continued due to high demand in the television and audio markets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Stable
                                         demand for bromine-based flame retardants in the printed circuit boards market and the
                                         automotive market as well as for bromine in the Butyl rubber industry.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                         Company had strong sales quantities of phosphorous-based flame retardants as a result
                                         of supply interruptions some Chinese producers are facing due to stricter environmental
                                         regulations being implemented in China.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As
                                         a result of the continued low level of oil prices in 2016, demand for clear brine solutions
                                         for oil and gas drilling was relatively low compared to previous years.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Sales analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Total Sales:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">241</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center">2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">871</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">90</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">Prices</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(5)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(10)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; vertical-align: bottom">Exchange rates</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: rgb(79,129,189); font-weight: normal; text-align: right; vertical-align: bottom; border-bottom: rgb(79,129,189) 1 solid; font-style: normal"><FONT STYLE="font-size: 10pt">1</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; vertical-align: bottom">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: rgb(79,129,189); font-weight: normal; text-align: right; vertical-align: bottom; border-bottom: rgb(79,129,189) 1 solid; font-style: normal"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total Sales:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q4 2016</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">242</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">2016</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">953</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I></I></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Quantity:
</I></B>The increase in quantities sold between Q4 2015 and Q4 2016 stems mainly from phosphorus and bromine-based flame retardants,
partly offset by a decrease in clear brine products. For the year, the increase derives mainly from bromine-based flame retardants,
partly offset by a decrease in clear brine products.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Price:
</I></B>The negative impact in the quarter stems mainly from phosphorus-based flame retardants selling prices, which was partly
offset by an increase in elemental bromine selling prices. For the year, the negative impact stems mainly from the decline in
phosphorus-based flame retardants selling prices.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>ICL Advanced
Additives</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">ICL Advanced
Additives is comprised of six sub-business lines, including Industrial Specialties; Acids; Fire Safety; Oil Additives (P2S5);
Elemental Phosphorus and Specialty Minerals.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Sales
                                         of acids and salts increased over the corresponding period last year despite a highly
                                         competitive market environment and the economic downturn in Brazil as successful channel
                                         management led to higher acid volumes in Europe and favorable sales development of phosphate
                                         salts in North America. In addition, the YPH JV in China contributed approximately 6%
                                         to revenues compared to approximately 4% in Q4 2015.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                         positive contribution was partially offset by lower demand for Specialty Minerals products,
                                         especially magnesium chloride due to weak pre-season sales of de-icing products and low
                                         demand for potassium chloride in the oil drilling industry.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">P2S5
                                         sales were impacted by a temporary reduction in demand of a key customer in North America
                                         which is expected to normalize in Q1 2017.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Higher
                                         demand for fire safety products positively influenced results due to extended wildfire
                                         activity in North America as well as large Class B foam sales (environmentally friendly
                                         extinguishing foams products) sold to the US military and an airport security agency.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="2" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">Sales analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Total Sales:&nbsp;&nbsp;Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">213</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center">2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">945</FONT></P> <P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"></P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantities</TD><TD STYLE="color: #4F81BD; font-weight: normal">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">10</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt; font-weight: normal">50</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Prices</TD><TD STYLE="color: #4F81BD; font-weight: normal">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: normal; text-align: right">(5)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; vertical-align: bottom"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt; font-weight: normal">(25)</FONT></P></TD>
    <TD></TD>
    <TD STYLE="text-align: center"><IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange rates</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt; font-weight: normal">(4)</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"></P></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt; font-weight: normal">(4)</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total Sales:&nbsp;&nbsp;Q4 2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>214</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>966</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Quantity:
</I></B>The increase between Q4 2015 and Q4 2016 stemmed mainly from the fire safety sub-business line. For the year, the increase
derives mainly from consolidation of the YPH JV (contributing to the increase in the acids sub-business line) and specialty minerals
products.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Price:
</I></B>The negative impact for the quarter and the year derived primarily from a decline in the selling prices of acids and specialty
minerals products.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Exchange
rate:</I></B> The decrease between Q4 2015 and Q4 2016 stemmed mainly from the devaluation of the euro and the pound against the
dollar. For the year, the decrease stemmed mainly from the devaluation of the pound against the dollar.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>ICL Food
Specialties</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">ICL
                                         Food Specialties&rsquo; performance in Q4 was on a slightly lower level compared to the
                                         first three quarters of the year, but remained positively impacted by growing demand
                                         for protein-enriched, unprocessed (&ldquo;clean label&rdquo;) and non-allergenic (&ldquo;free-from&rdquo;)
                                         food.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Sales
                                         volumes of dairy proteins are still growing as a result of utilizing newly-installed
                                         capacity. The main challenge faced by the business line is overcoming the price increase
                                         of raw milk, its main raw material. ICL Food Specialties limited this risk by entering
                                         into several supply agreements aligned with its marketing activities.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Sales
                                         to emerging markets showed steady growth compared to the fourth quarter and the full
                                         year of 2015. The main driver was an increase in volumes of the base business (single
                                         ingredient phosphate additives) into India and Africa as a result of geographic expansion.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Sales
                                         of new products and integrated solutions in Q4 2016 demonstrated significant growth in
                                         comparison to Q4 2015 supported by marketing and R&amp;D efforts, especially in South
                                         America and Oceania, but in other regions as well.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">During
                                         Q4, the single ingredient phosphate additives business of ICL Food Specialties in Europe
                                         was unfavorably affected by the strong dollar vs. most European currencies. In North
                                         America, a strong competitive headwind resulted in lower sales volumes compared to the
                                         corresponding period in 2015.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="2" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Sales analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Total Sales:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">155</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2015</B></FONT></P> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">613</FONT></P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(5)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">45</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Prices</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">5</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange rate</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD">(4)</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD">(9)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total Sales:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q4 2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>151</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2016</B></FONT></P> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>659</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: center"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: center"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt;margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Quantity:
</I></B>The negative impact in Q4 2016 derived mainly from the decrease in the quantities sold of single ingredient phosphate
additives in North America partly offset by an increase in dairy proteins sales quantities and new products. For the year, the
contribution derived mainly from dairy proteins and new products.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Price:
</I></B>The positive impact for the quarter and the year stemmed primarily from an increase in selling prices of organic dairy
proteins.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Exchange
rate:</I></B> The decrease between Q4 2015 and Q4 2016 and the year derived mainly from the devaluation of the Mexican peso and
the pound against the dollar.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>ICL Specialty
Fertilizers</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">ICL
                                         Specialty Fertilizers&rsquo; operating profit in Q4 2016 decreased due to lower sales
                                         deriving from a decrease in prices in Spain, Israel and the Asia Pacific region. Lower
                                         prices are driven by lower raw material prices and higher competition in several markets
                                         (mainly in nitrogen products).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Despite
                                         lower revenues due to lower prices and lower sales volumes, the decrease in raw material
                                         prices helped to maintain profit margins.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Unfavorable
                                         weather during December negatively impacted fertilizer application in the specialty agriculture
                                         market in some key areas such as Spain and Israel.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Headwinds
                                         from the commodity markets and lower demand in Asia Pacific stemming from lower crop
                                         prices were offset by geographical expansion mainly in Brazil and India, from an increase
                                         in traditional markets such as Europe, as well as a positive contribution from specialty
                                         fertilizer sales by the YPH JV in China.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                         improved economic situation, mainly in Europe, led to a better economic environment in
                                         the ornamental greenhouse sector where growers experienced an increase in sales. This
                                         supported demand for specialty products in the ornamental markets.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">During
                                         Q4 2016, global commodity fertilizer prices began to rise (mainly Nitrogen). This, together
                                         with the recent recovery in the prices of several &ldquo;cash&rdquo; crops such as oil
                                         palms and sugar, is expected to support 2017 sales.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The
                                         African market began to adopt more sophisticated fertilizer application methods and technologies,
                                         in part, as a result of ICL Specialty Fertilizers on-going educational activities directed
                                         at local growers during the past year.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">Sales analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Total Sales:&nbsp;&nbsp;&nbsp;&nbsp;Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">145</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center">2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">680</FONT></P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">5</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">25</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Prices</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(10)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(40)</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange rate</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid">(3)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid">(4)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;<IMG SRC="image_019.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total Sales:&nbsp;&nbsp;&nbsp;&nbsp;Q4 2016</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><B>137</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">2016</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>661</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Quantity:
</I></B>The contribution for the quarter stemmed mainly from higher quantities sold of ornamental horticulture products. For the
year, the contribution derived mainly from consolidation of the YPH JV.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Price:
</I></B>The negative impact in the quarter and the year stemmed mainly from lower commodity fertilizers prices which negatively
impacted the selling prices of specialty fertilizers.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Exchange
rate:</I></B> The decrease between Q4 2015 and Q4 2016 and between 2015 and 2016 stemmed mainly from the devaluation of the pound
against the dollar.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Specialty
Solutions Operating Income: </B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Operating Income analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><B>&nbsp;</B></TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Operating Income:&nbsp;&nbsp;&nbsp;Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">113</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center"><B>&nbsp;2015</B></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt; color: #4F81BD">514</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: center"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P> <P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left">Quantities &amp; portfolio mix</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">5</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD><TD></TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Prices</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(20)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(60)</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rates</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(5)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_025.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">20</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">95</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">5</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">15</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_024.jpg" ALT="" STYLE="width: 30px; height: 21px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">Other</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid">8</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid">10</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Operating Income*:&nbsp;&nbsp;Q4 2016</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><B>126</B></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><B>&nbsp;2016</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>589</B></FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="color: #4F81BD; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify; text-indent: -7.65pt"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt;margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">*
Division operating income excluding certain items as well as General and Administrative expenses.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0.5in; text-align: justify; text-indent: -7.65pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Quantity:
</I></B>The positive contribution in Q4 2016 derived mainly from higher sales of fire safety products in ICL Advanced Additives.
For the year, the increase stemmed mainly from higher sales of dairy proteins and new products in ICL Food Specialties as well
as from higher sales quantities of bromine- based flame retardants in ICL Industrial Products.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 31.5pt; text-align: justify; text-indent: 1.35pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic bold 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">Price:
<FONT STYLE="font-weight: normal; font-style: normal">The negative impact in Q4 2016 stems mainly from lower sales prices of Specialty
Fertilizers, phosphate acids and phosphorous-based flame retardants. For 2016, the decrease stemmed mainly from lower sales prices
of Specialty Fertilizers and phosphate acids. </FONT></FONT></P>

<P STYLE="font: italic bold 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 31.5pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Raw
materials:</I></B> The contribution in Q4 2016 derived mainly from a decrease in prices of sulfur used by ICL Advanced Additives,
a decrease in commodity fertilizers prices which are used for products of ICL Specialty Fertilizers and raw materials used for
bromine-based and phosphorous-based compounds in ICL Industrial Products. For the year, the contribution derived primarily from
a decline in the prices of sulfur, commodity fertilizers as well as raw materials used for bromine-based and phosphorous-based
compounds in ICL Industrial Products.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 31.5pt; text-align: justify; text-indent: 1.35pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Other:
</I></B>The contribution for the quarter and the year derives mainly from lower costs (mainly salary) as a result of the implementation
of the efficiency plan at ICL Industrial Products.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 31.5pt; text-align: justify; text-indent: 1.35pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Essential
Minerals Division</U></B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt; color: Black"><U>Results
of Operations</U></FONT></P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">10-12/2016</FONT></TD><TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">10-12/2015</FONT></TD><TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">1-12/2016</FONT></TD><TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">1-12/2015</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>&nbsp;</B></FONT></TD><TD STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></FONT></P></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black"><B>millions</B></FONT><B><FONT STYLE="color: Black">&nbsp;</FONT></B></P></TD><TD STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"></FONT></P></TD><TD STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: Black">millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: left"><FONT STYLE="font-size: 10pt; color: Black">Potash
    &amp; Magnesium</FONT></TD><TD STYLE="width: 1%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;415</FONT></TD><TD STYLE="width: 1%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;463</FONT></TD><TD STYLE="width: 1%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,338</FONT></TD><TD STYLE="width: 1%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">1,515</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: rgb(79,129,189); text-align: left"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;&nbsp;&nbsp;Sales
    to external customers</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;386</FONT></TD><TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;427</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,213</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">1,384</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: rgb(79,129,189); text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;&nbsp;&nbsp;Sales
    to internal customers</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;29</FONT></TD><TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;36</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;125</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt; color: Black">131</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt; color: Black">Phosphate</FONT></TD><TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;263</FONT></TD><TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;308</FONT></TD><TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,163</FONT></TD><TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">1,064</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: rgb(79,129,189); text-align: left"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;&nbsp;&nbsp;Sales
    to external customers</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;226</FONT></TD><TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;256</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;966</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">864</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: rgb(79,129,189); text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;&nbsp;&nbsp;Sales
    to internal customers</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;37</FONT></TD><TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt; color: Black">&nbsp;52</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;197</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt; color: Black">200</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: Black">Setoffs</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(15)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid; vertical-align: bottom"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt; color: Black">(19)</FONT></P></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(64)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid; vertical-align: bottom"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt; color: Black">(79)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: Black">Total
    division sales</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt">663</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double; vertical-align: bottom"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">752</FONT></P></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt">2,437</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double; vertical-align: bottom"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">2,500</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: left; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: left; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: Black">Division operating income *</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>98</B></FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double; vertical-align: bottom"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt; color: Black"><B>227</B></FONT></P></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>343</B></FONT> </TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double; vertical-align: bottom"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt; color: Black"><B>821</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: normal bold 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font: normal 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: left; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px; color: Black">&nbsp;</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; text-align: left; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px; color: Black">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt;margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">*
Excluding certain items as well as General and Administrative expenses.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Business
highlights</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt">Potash
                                         sales volumes increased by 15% compared to Q4 2015 to a quarterly record, supported by
                                         strong sales to China and an increase in sales to Brazil and Europe. The record quantities
                                         highlight ICL&rsquo;s logistical advantages that were enhanced by operational excellence
                                         initiatives.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt">Record
                                         potash production at ICL Dead Sea in 2016 was driven by operational efficiency measures.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt">ICL&rsquo;s
                                         potash competitiveness continued to improve with year-on-year and sequential decline
                                         in cost per tonne.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt">The
                                         Company experienced a challenging phosphate market environment as commodity phosphate
                                         fertilizer prices continued to decline.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt">Since
                                         the beginning of 2017, lower phosphate production in the Chinese market and higher raw
                                         material prices have recently led to stabilization and moderate recovery in phosphate
                                         fertilizers prices.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt"><B>Potash</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt"><B>Potash</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt"><B><I>Shipments:
                                         </I></B>Potash shipments increased during Q4 following the late signing of contracts
                                         in China and India.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt"><B><I>Prices:
                                         </I></B>Potash prices have seen moderate recovery over the past several months led by
                                         Brazil and US markets, although they still remain well below the levels seen in Q4 2015.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt"><B><I>China:
                                         </I></B>According to customs data, China imported about 6.8 million tonnes of potash
                                         during 2016 &ndash; about 28% less than 2015. The decrease resulted from the delay in
                                         contract signings due to high inventory levels following record imports in 2015. Increased
                                         cross-border shipments from Russia during the first half of the year resulted in an increase
                                         in Russia<B><I>'</I></B>s market share from 23% in 2015 to 36% in 2016.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">During
Q3 2016, ICL signed contracts with Chinese customers to supply 700,000 tonnes of potash (not including additional optional quantities)
at a price of $219 per tonne CFR for delivery up to the end of 2016.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt"><B><I>India:
                                         </I></B>Potash imports into India during 2016 amounted to approximately 3.8 million tonnes,
                                         4% below 2015. The slowdown stems from high inventory levels at the beginning of the
                                         year as a result of low demand in 2015, as well as a delay in the contract signing for
                                         the 2016/17 fiscal year.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">During
Q3 2016, ICL signed potash supply contracts with its Indian customers to supply 660,000 tonnes (including optional quantities
of 60,000 tonnes). An additional contract in the amount of 100,000 tonnes was signed at the end of 2016. The contracts were at
a price of $227 per tonne CFR for delivery during the period starting from July&nbsp;2016 until June 2017.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Brazil: </I></B>According
to ANDA (Brazilian National Fertilizer Association), potash imports into Brazil in 2016 amounted to approximately 8.8 million
tonnes &ndash; an increase of approximately 5% compared to 2015. The increase is attributable mainly to higher planted area of
soybeans and improvement in farmer profitability.</FONT></TD>
</TR></TABLE>


<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <!-- Field: /Page --> <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt"><B><I>Polysulphate</I></B>&reg;<B><I>:
                                         </I></B>Further to the Company&rsquo;s decision from the previous quarter and given current
                                         market conditions, ICL continued to accelerate its transition from extracting and producing
                                         potash to producing Polysulphate&reg; at its ICL UK mine. As part of the plan, ICL UK
                                         reduced its workforce by about 140 positions by the end of 2016. ICL will endeavor to
                                         continue to expand the Polysulphate&reg; market by, among other things, developing a
                                         range of innovative Polysulphate&reg; products, including a compacted potash and Polysulphate&reg;
                                         product marketed as PotashpluS&reg;.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">The
Company also announced that it will seek approval from the North York Moors Park Authority to extend its planning permission for
40 years. During the Polysulphate&reg; production acceleration period, mining of the limited remaining economically viable potash
reserves in the UK will continue until completed, albeit at a lower rate.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt"><B>Metal
                                         magnesium:</B> Global demand for metal magnesium continues to be constrained by lower
                                         economic activity in China, Brazil and Europe as well as year-end destocking. In the
                                         US, supply dynamics are impacted by pure magnesium imports from Russia, Kazakhstan and
                                         Turkey. Additionally, key sectors, such as primary aluminum and titanium production,
                                         have shifted production from the US to other markets, including Asia and Canada. The
                                         National Highway Traffic Safety Administration&rsquo;s (NHTSA) push toward Corporate
                                         Average Fuel Economy (CAFE) of 54.5 mpg by the 2025 model year with an increase in the
                                         penalty rate for non-compliance from $5.50 to $14.00 in July. This continues to create
                                         interest in magnesium among automotive OEMs (Original Equipment Manufacturers). According
                                         to &lsquo;China Magnesium Report&rsquo; pure magnesium pricing increased to $2,550 -
                                         $2,580 (FOB Chinese port), however fell back to a range of $2,460 - $2,480 on weaker
                                         overseas and domestic demand, coupled with softening coal and ferrosilicon pricing. Pure
                                         magnesium prices in the US and Brazilian markets remained under pressure as a consequence
                                         of the aforementioned change in supply-demand dynamics.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Potash
&amp; Magnesium operating data:</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">Thousands of Tonnes - Potash</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">10-12<BR>
2016</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">10-12<BR>
2015</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">1-12<BR>
2016</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">1-12<BR>
2015</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; font-weight: normal">Production</TD><TD STYLE="width: 1%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;1,303</TD><TD STYLE="width: 1%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;1,460</TD><TD STYLE="width: 1%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;5,279</TD><TD STYLE="width: 1%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">4,195</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left">Sales to external customers</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;1,632</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;1,396</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;4,818</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">4,181</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left">Sales to internal customers</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;92</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;98</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;347</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">375</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left; padding-bottom: 1pt">Total sales (including internal sales)</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right; border-bottom: rgb(79,129,189) 1 solid">&nbsp;1,724</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right; border-bottom: rgb(79,129,189) 1 solid">&nbsp;1,494</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right; border-bottom: rgb(79,129,189) 1 solid">&nbsp;5,165</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right; border-bottom: rgb(79,129,189) 1 solid">4,556</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">Closing inventory</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;666</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;552</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;666</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">552</TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">Sales analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Total Sales:&nbsp;&nbsp;&nbsp;&nbsp;Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">463</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center">2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">1,515</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">50</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">205</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Prices</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(95)</TD><TD STYLE="color: #4F81BD; font-weight: bold"></TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(365)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange rates</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: rgb(79,129,189); border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="color: rgb(79,129,189); font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(3)</FONT></P> <P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"></P></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="color: rgb(79,129,189); font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(17)</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total Sales:&nbsp;&nbsp;&nbsp;Q4 2016</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">415</FONT></P> <P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.25in"></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">2016</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">1,338</FONT></P> <P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.25in"></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 22.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Quantity:
</I></B>The increase in the quarterly and annual sales quantities stems mainly from an increase in sales to Brazil and Europe.
Lower quarterly production derived from a decrease in the production of ICL UK as a result of a flood in the mine tailings
channel due to a broken pipe under the sea level. The annual increase in production derived from lower production at ICL Dead
Sea in the first half of 2015 as well as from an expansion of the processing capabilities at ICL Dead Sea ("Stage 11"), which
was partially offset by lower production at ICL UK.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Price:
</I></B>The negative impact derives mainly from the decrease in global potash prices.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 22.5pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Exchange
rate:</I></B> The decrease stems mainly from the devaluation of the pound against the dollar.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 22.5pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>Phosphate</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-size: 10pt"><B><I>Prices:
                                         </I></B>The phosphate market is experiencing a challenging period and prices continued
                                         to decline during the fourth quarter of 2016, although at a slower pace than previous
                                         quarters. The average prices (FOB Morocco) of DAP, MAP and TSP in the fourth quarter
                                         of 2016 were down by about 30% compared to the corresponding period, while MGA and rock
                                         prices decreased by 19% and 14% respectively. In the past couple of months there have
                                         been estimates in the market that the bottom may have been reached, prices stabilized
                                         and a moderate recovery was recorded.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-size: 10pt"><B><I>India:
                                         </I></B>DAP inventories in India, the largest importer of phosphate materials, remain
                                         high, and demand was further hampered by a late decision on subsidy policy and the absence
                                         of a phosphoric acid price agreement for the first quarter 2017. In 2016, DAP imports
                                         amounted to about 4.3 million tonnes, a decline of 27% compared to the corresponding
                                         period last year.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-size: 10pt"><B><I>US
                                         &amp; Brazil:</I></B> In the Western Hemisphere, the US market is showing some recovery
                                         and Brazilian imports increased significantly. In 2016, Brazil imported 4.9 million tonnes
                                         of phosphate products (MAP, DAP, TSP &amp; SSP), a 17% increase compared to 2015.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0pt"><FONT STYLE="font-size: 10pt"><B><I>Supply:
                                         </I></B>On the supply side, Moroccan OCP and Saudi Ma&rsquo;aden have reduced their asking
                                         prices to secure market share, a move which has eroded the margins of many Chinese producers
                                         and forced them to curtail production. As a result, DAP exports from China, which increased
                                         by 52% and 42% in 2014 and 2015, respectively, decreased by 15% in 2016 to <FONT STYLE="font-size: 10pt">about
6.8 million tonnes. Market analysts report that current Chinese phosphate production is running at an average utilization rate
of 50%.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.15pt 0pt 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt"><B><I>China:
                                         </I></B>During the fourth quarter, the Chinese government abolished the ~$14/tonne export
                                         tax on DAP. This is expected to help local exporters, but may also hamper attempts to
                                         increase global prices. Nevertheless, it is expected that Chinese phosphate producers
                                         will reduce production again in 2017 to a level of 15 million tonnes vs. production of
                                         approximately 17 million tonnes in 2016 and vs. operational capacity of 22 million tonnes.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 4.15pt"><FONT STYLE="font-size: 10pt"><B><I>YPH
                                         Joint Venture:</I></B> Oversupply in China&rsquo;s domestic market, together with lower
                                         international prices continue to negatively affect the results of ICL&rsquo;s YPH JV
                                         in China, which recorded negative adjusted operating income of $14 million (not including
                                         G&amp;A expenses) in the fourth quarter of 2016 (of which $13 million&nbsp;relates to
                                         ICL Phosphate business line). ICL is continuing its efforts to increase efficiency and
                                         reduce costs in a challenging market environment. As part of these efforts ICL reduced
                                         about 250 positions. As a result, ICL recorded a provision in the amount of about $10
                                         million in the fourth quarter (see &ldquo;Adjustments to Reported Operating and Net Income&rdquo;).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Phosphate operating data:</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">Thousands of Tonnes</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">10-12<BR>
2016</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">10-12</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">2015</P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">1-12</FONT></P>
                                                                                      <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">2016&nbsp;</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">1-12</FONT></P>
                                                                                      <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">2015&nbsp;</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Phosphate rock</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; font-weight: normal">Production of rock</TD><TD STYLE="width: 1%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;1,301</TD><TD STYLE="width: 1%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;1,519</TD><TD STYLE="width: 1%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;5,744</TD><TD STYLE="width: 1%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">4,417</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal">Sales *</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;157</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;788</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;1,032</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">1,635</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left">Phosphate rock used for internal purposes</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;1,054</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;699</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;4,099</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">2,767</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Fertilizers</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal">Production</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;691</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;465</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;2,725</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">1,639</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">Sales *</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;750</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;315</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;2,645</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">1,566</TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt;margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">*
To external customers</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">Sales Analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Total Sales: &nbsp;&nbsp;Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">308</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B>2015&nbsp;</B></FONT></P></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">1,064</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">40</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">290</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Prices</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(80)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(185)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Exchange rates</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD">(5)</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD">(6)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total Sales:&nbsp;&nbsp;&nbsp;Q4 2016</TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>263</B></FONT></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B>2016</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>1,163</B></FONT></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Quantity:
</I></B>The increase in the quantity of fertilizers sold in the fourth quarter of 2016 stems mainly from an increase in sales
to China by the YPH JV. The increase in fertilizer production was mainly due to increased production of SSP at ICL Rotem as Q4
2015 was</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">still
impacted by the fire at the SSP facility. The quantity of phosphate rock sold in the fourth quarter of 2016 decreased significantly
due to increased internal use for fertilizers production in China as well as low global demand and unattractive prices<B>.</B>
The production of phosphate rock was lower mainly due to a decrease in production of the YPH JV.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">The
increase in the quantity of fertilizers sold in 2016 derived mainly from the consolidation of the YPH JV which also contributed
to production volumes, together with increased production at ICL Rotem in Israel.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Price:
</I></B>The negative impact for the year and the quarter stems primarily from a decline in phosphate fertilizers selling prices.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt;margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Exchange
rate:</I></B> The decrease resulted mainly from the devaluation of the RMB against the dollar.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Essential
Minerals Division: Operating Income </B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">Operating Income Analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Operating Income: &nbsp;&nbsp;Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">227</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center">2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">821</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Quantities <BR></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">30</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(40)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Prices</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(165)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(540)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rates</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_024.jpg" ALT="" STYLE="width: 30px; height: 21px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_024.jpg" ALT="" STYLE="width: 30px; height: 21px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">35</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">70</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">10</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">20</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Transportation</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(15)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(20)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD">(24)</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD">32</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Operating Income*: &nbsp;Q4 2016</TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>98</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="font-weight: bold; text-align: center">2016</TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>343</B></FONT></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt;margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">*
Excluding certain items as well as General and Administrative expenses.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Quantity:
</I></B>The contribution in the quarter stems mainly from an increase of potash sales volumes to Brazil and Europe, higher phosphate
fertilizers sales in China and low SSP sales in the corresponding quarter in 2015 as a result of the fire at a fertilizer production
facility In Israel.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 31.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Price:
</I></B>The negative impact on the quarter and the year derived primarily from lower potash and phosphate prices.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt;margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Raw
materials:</I></B> The contribution in the quarter and the year stems mainly from a decline in sulfur prices used in the green
phosphoric acid production.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Energy:
</I></B>The annual and quarterly contribution resulted primarily from a decline in system-wide electricity costs as well as a
decline in electricity, gas and water costs.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt;margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><B><I>Transportation:
</I></B>The negative impact derives mainly from higher potash shipments and the YPH JV shipments.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Other:
</I></B>The negative quarterly impact stems mainly from income from insurance in respect of the fire in a fertilizer production
facility in Israel received in Q4 2015. The annual contribution stems from the income insurance, as well as a decline in salary
costs due to the implementation of efficiency plans (which was partly offset by a provision resulting from the extension of the
validity of employment agreement at ICL Dead Sea).</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Potash
Stand Alone Activities &ndash; Key Results and Analysis:</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">Millions of Dollars</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">10-12</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">2016</P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">10-12</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">2015</P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">1-12</FONT></P>
                                                                                      <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">2016&nbsp;</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">1-12</FONT></P>
                                                                                      <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">2015&nbsp;</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; font-weight: normal; text-align: left; padding-bottom: 1pt">Average potash selling price - FOB (in $)</TD><TD STYLE="width: 1%; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;202</TD><TD STYLE="width: 1%; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;268</TD><TD STYLE="width: 1%; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">&nbsp;211</TD><TD STYLE="width: 1%; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: normal; text-align: right">280</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left">Sales to external customers</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;369</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;404</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">&nbsp;1,134</TD><TD STYLE="font-weight: normal">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right">1,292</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left; padding-bottom: 1pt">Sales to internal customers *</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right; border-bottom: rgb(79,129,189) 1 solid">&nbsp;34</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right; border-bottom: rgb(79,129,189) 1 solid">&nbsp;44</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right; border-bottom: rgb(79,129,189) 1 solid">&nbsp;151</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: normal; text-align: right; border-bottom: rgb(79,129,189) 1 solid">157</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">Operating income **</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;94</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;167</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">&nbsp;291</TD><TD STYLE="font-weight: normal; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: normal; text-align: right">645</TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 14.2pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><I>*
</I>Sales to other business lines of ICL including Magnesium business.</FONT>&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 14.2pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><I>**
</I>Excluding certain items as well as general and administrative expenses.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">Potash stand-alone
activities include, among others, Polysulphate&reg; produced in a mine in the UK and salt produced in underground mines in the
UK and Spain.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">Sales
    Analysis</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">$
    millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">$
    millions</FONT></TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; font-style: normal; text-align: left"><FONT STYLE="font-size: 10pt">Total Sales:
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q4 2015</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">448</FONT></TD><TD STYLE="width: 1%; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center"><P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt; font-style: normal">2015</FONT></P> <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">1,449</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 10pt">Quantities</FONT></TD><TD STYLE="color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">55</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">210</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal"><FONT STYLE="font-size: 10pt">Prices</FONT></TD><TD STYLE="color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">(95)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="font-size: 10pt">(355)</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Exchange
    rates</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt; color: #4F81BD">(5)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="color: rgb(79,129,189); border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="color: rgb(79,129,189); font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">(19)</FONT></P> <P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; text-indent: 0.25in"></P></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Total Sales&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q4 2016</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="font-size: 10pt; color: #4F81BD"><B>403</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt; font-style: normal">2016</FONT></P> <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="font-size: 10pt; color: #4F81BD"><B>1,285</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">Operating Income Analysis</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid; border-top: rgb(79,129,189) 1 solid">$ millions</TD>
    <TD STYLE="border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; font-weight: bold; text-align: left">Operating Income: Q4 2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">167</TD><TD STYLE="width: 1%; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; font-weight: bold; text-align: center">2015</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">645</FONT></P> <P STYLE="color: #4F81BD; font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"></P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">30</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(65)</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Prices</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(95)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(355)</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"></FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rates</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_024.jpg" ALT="" STYLE="width: 30px; height: 21px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"></FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials and Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_024.jpg" ALT="" STYLE="width: 30px; height: 21px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"></FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal">Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(10)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_015.jpg" ALT="" STYLE="height: 21px; width: 19px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">20</FONT></P> <P STYLE="color: #4F81BD; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"></FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; padding-bottom: 1pt">Other</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid">2</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;<IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid">36</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><IMG SRC="image_016.jpg" ALT="Up Arrow: " STYLE="height: 24px; width: 23px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Operating Income* Q4 2016</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><B>94</B></TD><TD STYLE="padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2016</B></FONT></P> <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt"><B>&nbsp;</B></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><B>291</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 14.2pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">*
Excluding certain items as well as General and Administrative expenses.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>ADDITIONAL DEVELOPMENTS DURING
AND FOLLOWING THE QUARTER </B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">During the
fourth quarter of 2016 and until the financial results publication date, several significant legal proceedings and commercial
exposures related to the Company came to a conclusion, with relatively moderate financial impact. These included the conclusion
of an arbitration proceeding between Dead Sea Works and Haifa Chemicals on the mutual agreement of the parties; the conclusion
of proceedings regarding prior years&rsquo; tax assessment by the Israel Tax Authority; the dismissal of a motion for certification
of a class action against the Company that was filed in 2013 on the grounds of misleading disclosure, as well the approval of
a settlement agreement regarding a class action against the Company&rsquo;s Dead Sea Works subsidiary with respect to potash prices
in Israel.&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Also noteworthy
is that within the framework of the petition for the approval of a derivative action regarding the approval of annual bonuses
for the years 2014 and 2015 that were paid to the five highest paid senior officers of the Company, the Board of Directors appointed
an independent committee to examine the issues related to, and/or stemming from the petition, including to provide the committee&rsquo;s
opinion regarding the possibility that the Company file a claim based on the allegations contained in the petition.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>DIVIDEND
DISTRIBUTION</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">The
Board of Directors declared that a dividend totaling $57 million, or about $0.044 per share, will be paid on April 4, 2017, in
respect of ICL&rsquo;s fourth quarter 2016 results.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">##</FONT></P>

<P STYLE="font: italic 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt; font-style: normal"><B>About
ICL </B></FONT></P>

<P STYLE="font: italic 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">ICL is a
global manufacturer of products based on specialty minerals that fulfill humanity&rsquo;s essential needs primarily in three markets:
agriculture, food and engineered materials.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">ICL produces
approximately a third of the world&rsquo;s bromine, and is the sixth largest potash producer, as well as the leading provider
of pure phosphoric acid. It is a major manufacturer of specialty fertilizers, specialty phosphates and flame retardants. ICL&rsquo;s
mining and manufacturing activities are</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">located in
Israel, Europe, the Americas and China, and are supported by global distribution and supply networks.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">The agricultural products that ICL produces help to feed the world&rsquo;s growing population. The potash
and phosphates that it mines and manufactures are used as ingredients in fertilizers and serve as an essential component in the
pharmaceutical and food additives industries. The food additives that ICL produces enable people to have greater access to more
varied and higher quality food. Other substances, based on bromine and phosphates help to create energy that is more efficient
and environmentally friendly, prevent the spread of forest fires and allow the safe and widespread use of a variety of products
and materials.</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">ICL benefits
from a number of unique advantages, including its vertically integrated activities and complementary and synergistic downstream
operations for the production of unique end products; its balanced and varied product portfolio in growing markets; broad presence
throughout the world and proximity to large markets, including in emerging regions.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">ICL operates
within a strategic framework of sustainability that includes a commitment to the environment, support of communities in which
ICL&rsquo;s manufacturing operations are located and where its employees live, and a commitment to all its employees, customers,
suppliers and other stakeholders.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">ICL is a
public company whose shares are dually listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL).</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">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.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Forward
Looking Statement</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">This
press release contains statements that constitute &ldquo;forward-looking statements&rdquo;, many of which can be identified by
the use of forward-looking words such as &ldquo;anticipate&rdquo;, &ldquo;believe&rdquo;, &ldquo;could&rdquo;, &ldquo;expect&rdquo;,
&ldquo;should&rdquo;, &ldquo;plan&rdquo;, &ldquo;intend&rdquo;, &ldquo;estimate&rdquo; and &ldquo;potential&rdquo; among others.
Forward-looking statements include, but are not limited to assessments and judgments regarding macro-economic conditions and the
Group&rsquo;s markets, operations and financial results. Forward-looking assessments and judgments are based on our management&rsquo;s
current beliefs and assumptions and on information currently available to our management. Such statements are subject to risks
and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements
due to various factors, including, but not limited to, market fluctuations, especially in ICL&rsquo;s manufacturing locations
and target markets ;the difference between actual resources and our resources estimates ;changes in the demand and price environment
for ICL's products as well as the cost of shipping and energy, whether caused by actions of governments, manufacturers or consumers
;changes in the capital markets, including fluctuations in currency exchange rates, credit availability, interest rates ;changes
in the competition structure in the market; and the factors in &ldquo;Item 3. Key Information&mdash;D. Risk Factors&rdquo; in
the Company's annual report on Form 20-F filed with the U.S. Securities and Exchange Commission on March 16, 2016. Forward-looking
statements speak only as of the date they are made, and we do not undertake any obligation to update or revise them or any</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">other
information contained in this press release, whether as a result of new information, future developments or otherwise.</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 1.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">##</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">(Financial
tables follow)</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">Appendix:</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">Calculation of
adjusted EBITDA:</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">10-12/2016</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">10-12/2015</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">1-12/2016</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">1-12/2015</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="color: Black; font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="color: Black; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid">$ millions</TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; font-weight: normal; font-style: normal; text-align: left">Net income (loss) attributable to the shareholders of the Company</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">32</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">96</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right">(122)</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">509</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">Depreciation and amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">95</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">96</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">401</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">353</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">Financing expenses, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">19</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">132</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">108</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left">Taxes on income</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">50</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">55</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">162</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal">Adjustments *</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">68</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">87</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">585</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">229</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt">Total adjusted EBITDA</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><B>264</B></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">331</FONT></P> <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"></P></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><B>1,051</B></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,361</FONT></P> <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; font-style: normal; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px"><B>&nbsp;</B></FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px"><B>&nbsp;</B></FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 14.2pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt"><I>*
See &quot;Financial Results - Adjustments to Reported Operating and Net Income&quot; above.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">We
disclose in this Quarterly Report non-IFRS financial measures titled adjusted operating income, adjusted net income attributable
to the Company&rsquo;s shareholders and adjusted EBITDA. We calculate our adjusted operating income by adjusting our operating
income to add certain items, as set forth in the reconciliation tables above. We calculate our adjusted net income by adjusting
our net income to add certain items, as set forth in the reconciliation table in &ldquo;<FONT STYLE="font-style: normal">Financial
Results - Adjustments to Reported Operating and Net Income&quot; above</FONT></FONT><FONT STYLE="font-size: 10pt">, excluding
the total tax impact of such adjustments. Adjusted EBITDA is defined as the net income to the Company shareholders plus depreciation
and amortization plus financing expenses, net, and taxes on income and plus the items as presented in the reconciliation table
above which were adjusted for in calculating the operating income and net income attributable to the Company&rsquo;s shareholders
You should not view adjusted operating income, adjusted net income or adjusted EBITDA as substitutes for operating income or net
income determined in accordance with IFRS, and you should note that our definitions of adjusted operating income, adjusted net
income and Adjusted EBITDA may differ from those used by other companies. Adjusted EBITDA should not be considered as the sole
measure of our performance and should not be considered in isolation from, or as a substitute for, operating income or other statement
of operations or cash flow data prepared in accordance with IFRS as a measure of our profitability or liquidity</FONT></FONT></P>

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>


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<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"></P>

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 0in">Nonetheless,
we believe adjusted operating income, adjusted net income and adjusted EBITDA provide useful information to both management and
investors. Our management uses these non-IFRS measures to evaluate the Company's business strategies and management's performance.
We believe that these non-IFRS measures provide useful information to investors because they provide transparency of key measures
used to evaluate our performance and help compare operating performance from period to period. We also believe adjusted EBITDA
facilitates company -to -company operating performance comparisons by backing out potential differences caused by variations such
as capital structures (affecting financing expenses, net), taxation (affecting taxes on income) and the age and book depreciation
of facilities, equipment and intangible assets (affecting relative depreciation and amortization), which may vary for different
companies for reasons unrelated to operating performance. . Adjusted EBITDA does not take into account our debt service requirements
and other commitments, including capital expenditures, and, accordingly, is not necessarily indicative of amounts that may be available
for discretionary uses.</P>

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0in">&nbsp;</P>



<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"></P>

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">We
present a discussion in the period-to-period comparisons of the primary drivers of changes in the Company&rsquo;s results of operations.
These discussions are based in part on management&lsquo;s best estimates of the impact of the main trends in its businesses.</FONT></P>

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">Condensed Consolidated
Statements of Income (<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In millions, except per share data)</FONT></FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">For the three-month</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">period ended</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">For the year ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">December 31, 2016</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">December 31, 2015</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">December 31, 2016</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black"><B>December 31, 2015</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; text-align: left">Sales</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1,338</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">1,427</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">5,363</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">5,405</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Cost of sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>922</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><P STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">894</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>3,703</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><P STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 10pt">3,602</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Gross profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">416</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">533</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1,660</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,803</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Selling, transport and&nbsp;&nbsp;marketing expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">191</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">181</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">722</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">653</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">General and administrative expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">80</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">113</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">321</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">350</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Research and development expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">19</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">73</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">74</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Other expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">70</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">80</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">618</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">211</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Other income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(16)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(4)</FONT></P> <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(71)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(250)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Operating income (loss)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>72</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">146</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(3)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">765</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Finance expenses, net</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>19</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">29</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>132</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">108</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Share in earnings of equity-accounted investees</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>2</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(2)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>18</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Income (loss) before income taxes</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">55</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">115</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(117)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">668</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Income taxes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>50</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">23</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>55</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">162</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net income (loss)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>5</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">92</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>(172)</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">506</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Net&nbsp;&nbsp;loss attributable to the non-controlling interests</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(27)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(4)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(50)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(3)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net income (loss) attributable to the shareholders of the Company</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>32</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">96</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>(122)</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">509</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Earnings per share attributable to</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;&nbsp;the shareholders of the Company:</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt">Basic earnings (loss) per share ($)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>0.03</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">0.08</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>(0.10)</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">0.40</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt">Diluted earnings (loss) per share ($)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>0.03</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">0.08</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>(0.10)</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">0.40</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Weighted-average number of</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;&nbsp;ordinary shares outstanding:</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt">Basic (in thousands)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>1,274,195</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,272,735</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>1,273,989</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,271,624</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Diluted (in thousands)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>1,274,791</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,273,153</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>1,273,989</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,272,256</FONT></P></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

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    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">Condensed Consolidated
Statements of Financial Position:</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black"><B>December 31, 2016</B></FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">December 31, 2015</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 82%; text-align: left">Cash, short term investments and deposits</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">116</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">248</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Trade receivables</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">966</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,082</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Inventories</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1,267</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,364</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other receivables</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>222</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">291</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total current assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>2,571</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">2,985</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Non-current assets</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Investments in equity-accounted investees</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">153</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">159</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Financial assets available for sale</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">253</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Deferred tax assets</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">150</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">199</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Property, plant and equipment</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">4,309</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,212</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Intangible assets</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">824</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,185</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other non-current assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>292</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">337</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total non-current assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>5,981</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">6,092</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total assets</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>8,552</B></FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">9,077</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Current liabilities</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Short-term credit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">588</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">673</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Trade payables</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">644</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">716</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Provisions</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">83</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">42</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other current liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>708</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">615</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total current liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>2,023</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">2,046</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Non-current liabilities</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Long-term debt and debentures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">2,796</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,805</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Deferred tax liabilities</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">303</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">351</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Long-term employee provisions</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">576</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">547</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Provisions</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">185</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">127</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other non-current liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>10</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total non-current liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>3,870</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">3,843</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>5,893</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">5,889</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Equity</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total shareholders&rsquo; equity</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>2,574</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">3,028</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Non-controlling interests</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>85</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">160</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total equity</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>2,659</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">3,188</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total liabilities and equity</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>8,552</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">9,077</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>


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    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">Condensed Consolidated
Statements of Cash Flows:</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">For the three-month</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">period ended</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">For
the year</FONT>&nbsp;</P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">ended</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">December
    31, 2016</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">December
    31, 2015</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">December
    31, 2016</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">December
    31, 2015</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black"><B>$ millions</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Cash flows from operating activities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; text-align: justify">Net income (loss)</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">5</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">92</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(172)</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">506</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Adjustments for:</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Depreciation and amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">95</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">129</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">406</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">430</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Revaluation of balances from financial institutes and interest expenses, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(6)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">76</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">44</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Share in losses (earnings) of equity-accounted investees, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(2)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(18)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(11)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Other capital losses, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">2</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">432</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Share-based compensation</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">3</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">15</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Loss (gain) from divestiture of subsidiaries</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(215)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Deferred tax expenses (income)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>112</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(20)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(2)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">209</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">238</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">738</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">779</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Change in inventories</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">56</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(90)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">70</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Change in trade and other receivables</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">128</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(191)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">150</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(86)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Change in trade and other payables</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(160)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(90)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(55)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Change in provisions and employee benefits</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>24</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">97</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>98</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(90)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Net change in operating assets and liabilities</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD">48</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid">(180)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD">228</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid">(206)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD><FONT STYLE="color: #4F81BD"><B></TD><TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"></TD><TD>&nbsp;</TD>
    <TD><FONT STYLE="color: #4F81BD"><B></TD><TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash provided by operating activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>257</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">58</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>966</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">573</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Cash flows from investing activities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Investments in shares and proceeds from deposits, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">20</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(198)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">34</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Purchases of property, plant and equipment and intangible assets</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(138)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(150)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(632)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(619)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Business combinations, net of cash acquired</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(163)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(351)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Proceeds from divestiture of subsidiaries</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(8)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">17</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">364</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Dividend received from equity accounted investees</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Other</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>1</B></FONT></TD><TD STYLE="padding-bottom: 1pt"></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="text-align: right">3</P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>1</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash used in investing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(109)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(318)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(800)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(547)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Cash flows from financing activities</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Dividends paid to the company&rsquo;s shareholders</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(84)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(162)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(347)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Receipt of long-term debt</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">40</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">399</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1,278</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,201</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Repayment of long-term debt</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(371)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(161)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(1,365)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(846)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Short-term credit from banks and others, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">117</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">57</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">14</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">Other</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(2)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(4)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Net cash provided by (used in) financing&nbsp;&nbsp;activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(216)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">210</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(239)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">15</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Net change in cash and cash equivalents</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(68)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(50)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(73)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">41</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Cash and cash equivalents as at beginning of the period</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">157</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">212</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">161</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">138</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net effect of currency translation on cash and cash equivalents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(2)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(1)</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(18)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Cash and cash equivalents as at the end of the period</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>87</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">161</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>87</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">161</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 28; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence -->&nbsp;</P></DIV>
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    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">Sales by Main
Countries:</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">10-12/2016</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">10-12/2015</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">1-12/2016</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">1-12/2015</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">% of</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">Millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">%
                                         of</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">% of</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">millions</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">%
                                         of</FONT><FONT STYLE="color: Black">&nbsp;</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT><FONT STYLE="color: Black">&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; text-align: justify">China</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;261</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">20</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;291</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">20</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;669</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">13</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;550</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">10</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">USA</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;240</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">18</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;273</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;1,070</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">20</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,176</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">22</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Brazil</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;135</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">10</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;101</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;521</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">10</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;506</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Germany</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;83</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">6</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;97</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;392</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">7</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;421</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Israel</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;62</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">5</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;67</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;237</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;240</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Spain</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;59</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;68</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;258</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">5</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;285</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">United Kingdom</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;58</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;58</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;306</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">6</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;303</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Australia</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;58</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;41</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;187</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">3</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;112</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">France</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;47</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;58</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;226</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;295</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">India</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;31</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">2</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;58</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;199</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;206</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt">All other</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>304</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>23</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">315</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>1,298</B></FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>24</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,311</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">24</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>1,338</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>100</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,427</FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">100</FONT></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>5,363</B></FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>100</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">5,405</FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">100</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">Sales by Geographical
Regions:</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 14.2pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">The
following table sets forth sales by geographical regions based on the location of the customer:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">10-12/2016</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">10-12/2015</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">millions</FONT></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">% of</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">$</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">millions</FONT></P></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">%
                                         of</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">sales</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%">Asia</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;391</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">29</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;446</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Europe</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;387</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">29</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;441</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">North America</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;262</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">20</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;287</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">South America</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;152</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">11</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;125</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Rest of the world</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>146</B></FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>11</B></FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">128</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>1,338</B></FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; text-align: right"><FONT STYLE="color: #4F81BD"><B>100</B></FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,427</FONT></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">100</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-size: 10pt">The
breakdown of the sales in the fourth quarter of 2016 indicates a decrease in sales in Europe, stemming mainly from a decline in
the selling prices of phosphate products and a decline in dairy proteins quantities sold due to redirecting of sales mainly to
Australia. The decrease in sales in Asia stems mainly from a decline in the selling prices of potash and phosphate. This decrease
was partly offset by an increase in the quantities sold of phosphate fertilizers, bromine-based flame retardants and industrial
products as well as elemental bromine. The decrease in sales in North America stems mainly from the sale of non-core businesses
and a decrease in clear brines quantities sold due to strong sales in the corresponding quarter last year. The increase in sales
in South America stems mainly from an increase in the quantities of potash sold.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">Operating Division
Data:</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">Specialty Solutions Division</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">Essential Minerals Division</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">Other</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">activities</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">Eliminations</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">Consolidated</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="9" STYLE="color: #4F81BD; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">For the three-month period ended December 31, 2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; text-align: left">Sales to external parties</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;715</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;612</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;11</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">-</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1,338</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Inter-division sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>5</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>51</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(1)</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(55)</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>-</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>720</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>663</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>10</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>(55)</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>1,338</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Operating income attributed to divisions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>126</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>98</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>-</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">224</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">General and administrative expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(80)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Other unallocated&nbsp;&nbsp;expenses and elimination</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(72)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Operating income</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>72</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Financing expenses, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(19)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Share in earnings of&nbsp;&nbsp;equity-accounted investee</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Income before taxes on income</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>55</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital expenditures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;29</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;106</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(1)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">134</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Capital expenditures not allocated</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total capital expenditures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>136</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Depreciation and amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;29</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;64</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">94</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation and amortization not allocated</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total depreciation and amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>95</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Specialty Solutions Division</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Essential Minerals Division</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Other</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">activities</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Eliminations</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Consolidated</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">For the three-month period ended December 31, 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; text-align: left">Sales to external parties</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;715</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;683</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;29</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">1,427</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Inter-division sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">69</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(77)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Total sales</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">723</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">752</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">29</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(77)</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,427</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating income attributed to divisions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">113</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">227</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">340</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">General and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(113)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other unallocated&nbsp;&nbsp;expenses and elimination</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(81)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Operating income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">146</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Financing expenses, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(29)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Share in losses of equity-accounted investee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt">Income before taxes on income</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">115</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital expenditures</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;58</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;127</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">185</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital expenditures as part of business combination</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;70</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;236</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">306</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Capital expenditures not allocated</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Total capital expenditures</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black medium double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">529</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation and amortization</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;73</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;55</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">129</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation and amortization not allocated</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total depreciation and amortization</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black medium double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">129</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 31; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">Specialty Solutions Division</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">Essential Minerals Division</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">Other</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black">activities</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">Eliminations</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">Consolidated</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="9" STYLE="color: #4F81BD; font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: Black">$ millions</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">For the year ended December 31, 2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; text-align: left">Sales to external parties</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: rgb(79,129,189); text-align: right"><FONT STYLE="color: #4F81BD"><B>&nbsp;3,125</B></FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;2,179</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;59</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">-</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">5,363</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Inter-division sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>23</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>258</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>-</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>(281)</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1 solid; text-align: right"><FONT STYLE="color: #4F81BD"><B>-</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total sales</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>3,148</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>2,437</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>59</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>(281)</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>5,363</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: #4F81BD"><B>&nbsp;</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Operating income attributed to divisions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>589</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>343</B></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="color: #4F81BD"><B>5</B></FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">937</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">General and administrative expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(321)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Other unallocated&nbsp;&nbsp;expenses and elimination</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: #4F81BD"><B>(619)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Operating loss</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: #4F81BD"><B>(3)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Financing expenses, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">(132)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Share in earnings of&nbsp;&nbsp;equity-accounted investee</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">18</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Loss before taxes on income</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>(117)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital expenditures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;102</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;490</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">1</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">593</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Capital expenditures not allocated</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">59</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total capital expenditures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>652</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Depreciation and amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;123</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;275</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">3</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">401</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation and amortization not allocated</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total depreciation and amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: #4F81BD">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: #4F81BD"><B>406</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>


<!-- Field: Page; Sequence: 32; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Specialty Solutions Division</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Essential Minerals Division</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Other</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">activities</FONT></P> <P STYLE="font: bold 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Eliminations</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1 solid; border-bottom: rgb(79,129,189) 1 solid">Consolidated</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD><TD STYLE="border-bottom: rgb(79,129,189) 1 solid">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="text-align: center; border-bottom: rgb(79,129,189) 1 solid"><B>$ millions</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">For the year ended December 31, 2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 55%; text-align: left">Sales to external parties</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;2,975</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;2,248</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">&nbsp;182</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">-</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: right">5,405</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Inter-division sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">252</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(277)</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Total sales</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">2,997</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">2,500</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">185</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(277)</FONT></P></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black 2.5pt double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">5,405</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating income attributed to divisions</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">514</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">821</FONT></P> <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">16</FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right"></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">1,351</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">General and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(350)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other unallocated&nbsp;&nbsp;expenses and elimination</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black medium double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(236)</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Operating income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">765</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Financing expenses, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(108)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Share in earnings of equity-accounted investee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt">Income before taxes on income</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black medium double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">668</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Capital expenditures</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;141</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;427</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">570</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital expenditures as part of business combination</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;160</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;430</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">590</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">Capital expenditures not allocated</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">110</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Total capital expenditures</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black medium double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">1,270</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation and amortization</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;166</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;226</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">37</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">429</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation and amortization not allocated</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total depreciation and amortization</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: Black medium double"><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">430</FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                                                          <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 2px">&nbsp;</FONT></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1 solid"><FONT STYLE="font-size: 2px">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 33; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Israel Chemicals Ltd.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Kobi Altman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 43%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 42%"><FONT STYLE="font-size: 10pt">Kobi Altman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Israel Chemicals Ltd.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Lisa Haimovitz</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 43%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 42%"><FONT STYLE="font-size: 10pt">Lisa Haimovitz</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Senior Vice President, Global General Counsel and Corporate Secretary</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Date: February 15, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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begin 644 image_004.jpg
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5G))[#)YP.@%%%.[V"QJT444@/__9

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image_006.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_006.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  4 !,# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
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M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#U7XD,R?#[
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$%(#_V0$!

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>image_007.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_007.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  5 !,# 2(  A$! Q$!_\0
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M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#U/XF7,]I\
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9G<V,\+G^Z.P_F:**=W:PK+<W****0S__V0$!

end
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<DOCUMENT>
<TYPE>GRAPHIC
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<FILENAME>image_016.jpg
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begin 644 image_016.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  8 !<# 2(  A$! Q$!_\0
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M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
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MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#W^N(_X6CH
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6I113C+E,ZE*-2W-TU/H"BBBI-#__V0$!

end
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>image_017.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_017.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  9 !<# 2(  A$! Q$!_\0
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M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
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MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#W^N<_X3C0
M?^$I_P"$>^UC[9C&[_EGO_YY[O[WM^'7BK_B"RU/4=)DM-*OTL)Y?E:X*%F5
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=,^R28QN^GZU]*T5<9<O0RJ4HU+7Z:A1114&I_]D!

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>image_018.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_018.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  9 !<# 2(  A$! Q$!_\0
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4:*N,N7H95*4:EK]'<****@U/_]D!

end
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>image_019.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_019.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  5 !,# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
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M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
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MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
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7<S>@R>PZ ?\ UZ**=W:P6->BBBD!_]D!

end
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>image_020.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_020.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
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M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  8 !<# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
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5^E%%.,N4SG3C.W-T/>:***DT/__9

end
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>image_021.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_021.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
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M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
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M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#U#XHNT?PY
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M.H9&&&5AD$>AK-T7P]I7AZ&:+2[1+=9I#(^.22>V3V'8=J**=PL:E%%%(#__
!V0$!

end
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>image_022.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_022.jpg
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begin 644 image_015.jpg
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begin 644 image_025.jpg
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<FILENAME>image_024.jpg
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<TEXT>
begin 644 image_024.jpg
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