<SEC-DOCUMENT>0000950103-17-007577.txt : 20170803
<SEC-HEADER>0000950103-17-007577.hdr.sgml : 20170803
<ACCEPTANCE-DATETIME>20170803060038
ACCESSION NUMBER:		0000950103-17-007577
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20170803
FILED AS OF DATE:		20170803
DATE AS OF CHANGE:		20170803

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:		171002625

	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>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>dp78847_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 14pt 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">&nbsp;<B>UNITED STATES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt 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; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt 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 <BR>
THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">For the month
of August, 2017</FONT></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Commission
File Number: 001-13742</B></FONT></P>

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

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ISRAEL CHEMICALS LTD.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Exact
name of registrant as specified in its charter)</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Israel
Chemicals Ltd.</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Millennium
Tower</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>23 Aranha
Street</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>P.O. Box
20245</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Tel Aviv,
61202 Israel</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(972-3)
684-4400</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Address
of principal executive office)</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Indicate
by check mark whether the registrant files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 40%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 14%"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#120;</FONT></P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="width: 14%; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#111;</FONT><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">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):</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 40%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 14%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;<FONT STYLE="font-family: Wingdings">&#111;</FONT></FONT></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#120;</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">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):</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 40%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="width: 14%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;<FONT STYLE="font-family: Wingdings">&#111;</FONT></FONT></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#120;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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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>

<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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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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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" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Q2 2017 Results</FONT></TD>
</TR></TABLE>

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

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Item 1</B></FONT></P>

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



<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;<IMG SRC="cover.jpg"></P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

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

<P STYLE="margin: 0"></P>

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Condensed Consolidated Statements of Financial
Position as at (Unaudited)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 61%; border-top: Black 1pt solid; text-align: center; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, 2017</FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, 2016</FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">December 31, 2016</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in; padding-top: 2pt; text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Current assets</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; font-weight: bold; padding-right: 6pt; padding-top: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt; padding-top: 2pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt; padding-top: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Cash and cash equivalents</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;79</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;158</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;87</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Short-term investments and deposits </FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;66</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;84</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;29</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Trade receivables</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;930</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;980</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;966</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Inventories</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,276</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,361</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,267</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Assets held for sale</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;122</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Other
    receivables</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">227</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">314</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">222</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total current assets</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2,700</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">2,907</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">2,571</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-style: normal">Non-current
    assets</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Investments
    in equity-accounted investees</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;31</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;154</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;153</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Financial
    assets available for sale</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;208</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;255</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;253</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Deferred
    tax assets</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;148</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;150</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;150</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Property,
    plant and equipment</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4,419</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4,294</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4,309</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Intangible
    assets</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;844</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,265</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;824</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Other
    non-current assets</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">362</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">298</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">292</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total non-current assets</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">6,012</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">6,416</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">5,981</P>
        </TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total assets</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">8,712</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">9,323</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">8,552</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Current liabilities</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Short-term
    credit</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;782</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;495</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;588</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Trade
    payables</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;717</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;753</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;644</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Provisions</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;81</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;48</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;83</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Other
    current liabilities</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">605</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">615</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">708</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total current liabilities</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2,185</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">1,911</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">2,023</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Non-current liabilities</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Long-term
    debt and debentures</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,663</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3,187</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,796</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Deferred
    tax liabilities</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;302</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;265</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;303</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Long-term
    employee provisions</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;639</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;582</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;576</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Provisions
    </FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;179</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;128</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;185</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Other
    non-current liabilities</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">10</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">45</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">10</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total non-current liabilities</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">3,793</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">4,207</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">3,870</P>
        </TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total liabilities</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">5,978</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">6,118</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">5,893</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Equity</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total shareholders&rsquo; equity</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2,656</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">3,077</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">2,574</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Non-controlling interests</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">78</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">128</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">85</P>
        </TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total equity</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2,734</P>
        </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">3,205</P>
        </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">2,659</P>
        </TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total liabilities and equity</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">8,712</P>
        </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">9,323</P>
        </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">8,552</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; position: relative; top: -3pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left">The accompanying notes are an integral
part of these condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left">&nbsp;</P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Condensed Consolidated Statements of Income (Unaudited)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #4F81BD">(in millions except per
share data)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #4F81BD">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt; vertical-align: bottom">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">For the three-month</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">period ended</P></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt; text-align: center; vertical-align: bottom">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">For the six-month</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">period ended</P></TD>
    <TD STYLE="text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt; vertical-align: bottom">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">For the</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">year ended</P></TD></TR>
<TR>
    <TD STYLE="width: 50%; text-align: center; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 30, 2017</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, 2016</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 30, 2017</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, 2016</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">December 31, 2016</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Sales</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,322</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,377</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,617</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,642</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5,363</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Cost of sales</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">907</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">960</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1,844</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">1,859</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">3,703</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">Gross profit</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;415</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;417</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;773</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;783</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,660</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Selling, transport and&nbsp;&nbsp;marketing expenses</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;183</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;179</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;363</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;334</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;722</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">General and administrative expenses</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;65</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;81</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;131</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;161</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;321</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Research and development expenses</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;13</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;19</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;28</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;36</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;73</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other expenses</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;17</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;16</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;17</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;26</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;618</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other income</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(7)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(27)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(26)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(30)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(71)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">Operating income (loss)</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">144</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">149</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">260</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">256</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(3)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Finance expenses</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;82</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;57</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;174</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;80</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;157</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Finance income</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(33)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(17)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(111)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(12)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(25)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">Finance expenses, net</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">49</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">40</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">63</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">68</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">132</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share in earnings of equity-accounted investees</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">7</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">9</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">18</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">Income (loss) before income taxes</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;96</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;116</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;199</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;197</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(117)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income taxes</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">41</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">5</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">83</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">27</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">55</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">Net income (loss)</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">55</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">111</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">116</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">170</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(172)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net loss attributable to the non-controlling interests</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(2)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(9)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(9)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(16)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(50)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net income (loss) attributable to the shareholders of the Company</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">57</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">120</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">125</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">186</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(122)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Earnings (loss) per share attributable to the shareholders of the Company:</B></FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Basic earnings (loss) per share (in cents)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">4.48</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">9.00</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">9.78</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">15.00</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(10.00)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Diluted earnings (loss) per share (in cents)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">4.48</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">9.00</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">9.78</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">15.00</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(10.00)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-indent: -0.125in; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Weighted-average number of&nbsp;ordinary shares outstanding:</B></FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Basic (in thousands)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,274,666</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,272,949</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,274,432</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,272,949</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,273,295</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Diluted (in thousands)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,275,175</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,273,812</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,274,957</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,273,790</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,273,295</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">The
accompanying notes are an integral part of these condensed consolidated financial statements.</P>

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


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Condensed Consolidated Statements of Comprehensive
Income (Unaudited)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; vertical-align: bottom; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">For
the three-month <BR>
period ended</FONT></P></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">For
the six-month</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">period ended</FONT></P></TD>
    <TD STYLE="text-align: center; border-top: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">For
the&nbsp;</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">year
ended</FONT></P></TD></TR>
<TR>
    <TD STYLE="width: 50%; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; vertical-align: bottom; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">June 30, <BR>
2017</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">June 30, <BR>
2016</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">June 30, <BR>
2017</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">June 30, <BR>
2016</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">December 31, <BR>
2016</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt; font-weight: normal">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">Net income (loss)</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">55</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">111</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">116</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">170</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(172)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">Components of other comprehensive income that&nbsp;&nbsp;will be reclassified subsequently to net income (loss)</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Currency translation differences </FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;60</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(48)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;90</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(90)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Changes in fair value of derivatives designated as a cash flow hedge</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Changes in fair value of financial assets available for sale</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(36)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(5)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(51)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;17</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Tax income (expense) tax relating to items that will be reclassified subsequently to net income (loss)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">1</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">5</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(2)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(5)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">Total</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">25</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(52)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">44</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">5</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(79)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">Components of other comprehensive income that will not be reclassified to net income (loss)</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Actuarial losses from defined benefit plan</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(5)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(27)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(9)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(46)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(48)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income tax relating to items that will not be reclassified to net income (loss)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">3</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">9</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">8</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">Total</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(4)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(24)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(7)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(37)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(40)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">Total comprehensive income (loss)</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">76</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">35</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">153</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">138</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(291)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Comprehensive loss attributable to the non-controlling interests</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(13)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(7)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(20)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(59)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">Comprehensive income (loss) attributable to the shareholders of the Company</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">76</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">48</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">160</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">158</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(232)</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">The
accompanying notes are an integral part of these condensed consolidated financial statements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; color: #4F81BD; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">Condensed
Consolidated Statements of Cash Flows (Unaudited)</P>

<P STYLE="color: #4F81BD; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 11pt; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">For the three-month <BR>
period ended</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">For the six-month <BR>
period ended</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt; text-align: center; vertical-align: bottom">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">For the</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">year ended</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 50%; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 30, <BR>
2017</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, <BR>
2016</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 30, <BR>
2017</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, <BR>
2016</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">December 31, 2016</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 11pt; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: bold; text-indent: -0.125in">Cash flows from operating activities</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net income (loss)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;55</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;111</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;116</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;170</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(172)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjustments for:</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Depreciation and amortization</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;95</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;99</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;189</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;198</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;406</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Revaluation of balances from financial institutions and interest expenses, net</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;41</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;98</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;41</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;76</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share in earnings of equity-accounted investees, net </FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(7)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(9)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(18)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other capital losses (gains), net</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(6)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;433</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share-based compensation</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;15</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Deferred tax expenses (income)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(6)</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(49)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>7</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(54)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(2)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;187</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;170</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;404</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;356</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;738</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Change in inventories</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(4)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;57</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;24</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;70</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Change in trade and other receivables</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;79</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(63)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;56</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;51</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;150</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Change in trade and other payables</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(70)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;51</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(102)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;15</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(90)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Change in provisions and employee benefits</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>7</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">23</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>12</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">38</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">98</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">Net change in operating assets and liabilities</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;68</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(10)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;104</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;228</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 6pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 6pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="padding-right: 6pt">
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net cash provided by operating activities</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>199</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">238</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>394</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">460</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">966</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Cash flows from investing activities</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Investments in shares and proceeds from deposits, net</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(28)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(38)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(247)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(198)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Purchases of property, plant and equipment and intangible assets</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(113)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(154)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(219)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(341)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(632)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Proceeds from divestiture of subsidiaries</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;17</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;17</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Dividends from equity-accounted investees</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Other</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">3</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>12</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(1)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">1</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net cash used in investing activities</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt"><P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(135)</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>(148)</B></P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt"><P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(236)</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>(568)</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>(800)</B></P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Cash flows from financing activities</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Dividend paid to the Company's shareholders</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(89)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(102)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(149)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(102)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(162)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Receipt of long-term debt</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;225</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;625</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;645</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,025</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,278</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Repayment of long-term debt</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(350)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(484)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(775)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(734)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(1,365)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Short-term credit from banks and others, net</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;152</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(91)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;116</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(84)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;14</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Other</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(4)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net cash provided by (used in) financing&nbsp;&nbsp;activities</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt"><P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(62)</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>(52)</B></P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt"><P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(163)</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>105</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>(239)</B></P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net change in cash and cash equivalents</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;38</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(5)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(3)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(73)</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Cash and cash equivalents as at beginning of the period</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;81</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;123</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;87</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;161</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;161</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net effect of currency translation on cash and cash equivalents</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(4)</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(3)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(3)</B></P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(1)</P>
        </TD></TR>
<TR>
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Cash and cash equivalents as at the end of the period</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">79</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">158</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">79</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">158</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">87</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="color: #4F81BD; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; color: #4F81BD; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">Additional
Information</P>

<P STYLE="color: #4F81BD; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; text-align: center; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">For the three-month <BR>
period ended</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">For the six-month <BR>
period ended</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">For the year ended </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 50%; text-align: center; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 30, <BR>
2017</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 30, <BR>
2016</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 30, <BR>
2017</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 30, <BR>
2016</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">December 31, 2016</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income taxes paid, net of tax refunds</FONT></TD>
    <TD STYLE="width: 10%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;17</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;16</FONT></TD>
    <TD STYLE="width: 10%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;38</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;52</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;84</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Interest paid</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;34</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;37</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;55</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;53</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;112</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">The accompanying notes are an integral part
of these condensed consolidated financial statements.</P>

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


<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Condensed Consolidated Statements of Changes
in Equity (Unaudited)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Non-</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Attributable to the shareholders of the Company</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">controlling</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">interests</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 28%; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Cumulative</FONT></TD>
    <TD STYLE="width: 8%; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Treasury</FONT></TD>
    <TD STYLE="width: 8%; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD>
    <TD STYLE="width: 8%; text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 8%; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share </FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">translation</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Capital</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shares,</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Retained</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shareholders'</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">capital</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">premium</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">adjustments</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">reserves</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">at cost</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">earnings</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: normal; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For the three-month period ended June 30, 2017</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: normal; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at April 1, 2017</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;544</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;174</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(451)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;70</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(260)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,526</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,603</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;78</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,681</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Share-based compensation </FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Dividends</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(32)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(32)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(32)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Comprehensive income </FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">58</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(35)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">53</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">76</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">76</P>
        </TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: normal; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at June 30, 2017</B></FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">544</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">174</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(393)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">44</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(260)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,547</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,656</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">78</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,734</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: normal; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-weight: normal">The
accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>


<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Condensed Consolidated Statements of Changes
in Equity (Unaudited) (cont'd)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 11pt; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Non-</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Attributable to the shareholders of the Company</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">controlling</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">interests</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; width: 28%; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Cumulative</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Treasury</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share </FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">translation</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Capital</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shares,</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Retained</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shareholders'</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">capital</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">premium</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">adjustments</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">reserves</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">at cost</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">earnings</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: normal; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For the three-month period ended June 30, 2016</B></FONT></TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: normal; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at April 1, 2016</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;544</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;150</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(352)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;91</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(260)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,888</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3,061</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;153</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3,214</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Share-based compensation </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Dividends</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(35)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(35)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(35)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Non-controlling interests in business combinations from prior periods</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(12)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(12)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Comprehensive income (loss)</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(44)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(4)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">96</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">48</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(13)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">35</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Balance as at June 30, 2016</B></FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">544</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">150</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(396)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">90</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(260)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">2,949</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">3,077</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">128</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">3,205</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left; text-indent: -7.1pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left; text-indent: -7.1pt"><FONT STYLE="font-weight: normal">The
accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left; text-indent: -7.1pt">&nbsp;</P>


<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Condensed Consolidated Statements of Changes
in Equity (Unaudited)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Non-</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Attributable to the shareholders of the Company</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">controlling</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">interests</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; width: 28%; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Cumulative</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Treasury</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share </FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">translation</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Capital</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shares,</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Retained</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shareholders'</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">capital</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">premium</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">adjustments</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">reserves</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">at cost</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">earnings</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: normal; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For the six-month period ended June 30, 2017</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: normal; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at January 1, 2017</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;544</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;174</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(481)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;79</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(260)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,518</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,574</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;85</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,659</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Share-based compensation </FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Dividends</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(89)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(89)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(89)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Comprehensive income (loss)</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">88</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(46)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">118</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">160</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(7)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">153</P>
        </TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: normal; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at June 30, 2017</B></FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">544</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">174</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(393)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">44</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(260)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,547</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,656</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">78</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,734</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: normal; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-weight: normal">The
accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>


<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Condensed Consolidated Statements of Changes
in Equity (Unaudited)</P>

<P STYLE="color: rgb(79,129,189); font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 11pt; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Non-</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Attributable to the shareholders of the Company</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">controlling</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">interests</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; width: 28%; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Cumulative</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Treasury</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share </FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">translation</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Capital</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shares,</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Retained</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shareholders'</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">capital</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">premium</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">adjustments</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">reserves</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">at cost</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">earnings</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: normal; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For the six-month period ended June 30, 2016</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: normal; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at January 1, 2016</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;544</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;149</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(400)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;93</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(260)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,902</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3,028</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;160</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3,188</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Share-based compensation </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Dividends</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(102)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(102)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(102)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Changes in equity of equity-accounted investees</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Non-controlling interests in business combinations from prior periods</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(12)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(12)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Comprehensive income (loss)</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">4</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">5</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">149</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">158</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(20)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">138</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: normal; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at June 30, 2016</B></FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">544</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">150</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(396)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">90</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(260)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">2,949</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">3,077</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">128</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">3,205</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: normal; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-weight: normal">The
accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>


<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Condensed Consolidated Statements of Changes
in Equity (Unaudited) (cont'd)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 11pt; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Non-</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Attributable to the shareholders of the Company</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">controlling</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">interests</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; width: 28%; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Cumulative</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Treasury</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; width: 8%; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share </FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Share</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">translation</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Capital</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shares,</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Retained</FONT></TD>
    <TD STYLE="text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">shareholders'</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">capital</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">premium</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">adjustments</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">reserves</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">at cost</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">earnings</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">equity</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: normal; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>For the year ended December 31, 2016</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: normal; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at January 1, 2016</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;544</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;149</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(400)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;93</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(260)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,902</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3,028</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;160</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3,188</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Share-based compensation </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">- *</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;25</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(10)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;15</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;15</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Dividends</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(222)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(222)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(4)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(226)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Changes in equity of equity-accounted investees</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Non-controlling interests in business combinations from prior periods</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(12)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(12)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Comprehensive loss </FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(81)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">11</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(162)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(232)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(59)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(291)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 11pt; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: normal; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance as at December 31, 2016</B></FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">544</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">174</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(481)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">79</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(260)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">2,518</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">2,574</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">85</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">2,659</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: normal; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">* Less than $1 million.</FONT></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-weight: normal">The
accompanying notes are an integral part of these condensed consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 7.1pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>


<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">Note 1 &ndash;
The Reporting Entity</FONT></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Israel Chemicals Ltd. (hereinafter
&ndash; the Company or ICL), is a leading global specialty minerals group that operates a unique, integrated business model.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">ICL is a global manufacturer
of products based on specialty minerals that fulfill humanity&rsquo;s essential needs in three primary markets: agriculture, food
and engineered materials, by utilizing a unique, integrated business model.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The agricultural products
produced by ICL help to feed the world&rsquo;s growing population. The potash and phosphates ICL mines and manufactures are used
as ingredients in fertilizers and serve as an essential component in the pharmaceutical and food additives industries. ICL&rsquo;s
bromine-based and phosphorous-based applications allow the safe and widespread use of a variety of products and materials, help
to create energy that is more efficient and environmentally friendly and prevent the spread of forest fires. The food additives
that ICL produces enable greater access to more varied and higher quality food.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">ICL is a company domiciled
and incorporated in Israel, the shares of which are traded on the Tel-Aviv Stock Exchange in Israel and on the New York Stock Exchange
(&ldquo;NYSE&rdquo;) in the United States. The Company&rsquo;s main shareholder is Israel Corporation Ltd.</P>

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

<P STYLE="color: #4F81BD; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">Note 2 &ndash;
Significant Accounting Policies</FONT></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 28.35pt">Basis of Preparation</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The Company's financial
statements are prepared in accordance with International Financial Reporting Standards (&ldquo;IFRS&rdquo;) as issued by the International
Accounting Standards Board (IASB) and the Company uses IFRS as its generally accepted accounting principles (&ldquo;GAAP&rdquo;).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The condensed consolidated
interim financial statements were prepared in accordance with IAS&nbsp;34, &ldquo;Interim Financial Reporting&rdquo; and do not
include all the information required in complete, annual financial statements. These condensed consolidated interim financial statements
and notes are unaudited and should be read together with the Company's audited financial statements included in its Annual Report
on Form 20-F as at and for the year ended December 31, 2016 (hereinafter &ndash; the Annual Financial Statements), as filed with
the Securities and Exchange Commission (&quot;SEC&quot;).</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The accounting policies
and assumptions used in preparation of these condensed consolidated interim financial statements are consistent with those used
in preparation of the Company's Annual Financial Statements and in the Company's opinion include all the adjustments necessary
to fairly present such information. Interim results are not necessarily indicative of the Company's expected results for the entire
year.</P>

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


<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Note
3 - Operating </B></FONT>Segments</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">A. General</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">1. Information on operating segments:</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">ICL is a leading global
specialty minerals company that operates a unique integrated business model. The Company operates via two segments: the Essential
Minerals Segment and the Specialty Solutions Segment, which constitute the Company&rsquo;s strategic business segments.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><B>Essential Minerals Segment
&ndash; </B>This segment includes three business lines: ICL Potash &amp; Magnesium, ICL Phosphate and, since January 2017, also
ICL Specialty Fertilizers. The comparative data has been restated in order to reflect the change. The segment targets the Agro
market and focuses on efficiency, process innovation and operational excellence, in order to improve the competitive position.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Potash &amp; Magnesium</B>
&ndash; ICL Potash &amp; Magnesium extracts potash from the Dead Sea and mines and produces potash and salt from subterranean mines
in Spain and the UK. ICL Potash &amp; Magnesium processes the potash into its types and markets it globally and also carries on
other intercompany operations not solely related to the potash activities. The Company also mines and produces polysulphate (also
known as polyhalite) in a subterranean mine in the UK. The magnesium business markets and sells pure magnesium and magnesium alloys,
and also produces dry carnallite and related by-products, including chlorine and sylvinite.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Phosphate</B> &ndash;
ICL Phosphate mines and processes phosphate rock from open pit mines &ndash; three of which are located in the Negev Desert in
Israel while the fourth is situated in the Yunnan province in China. In addition, ICL Phosphate produces sulfuric acid, agricultural
phosphoric acid and phosphate fertilizers in its facilities in Israel, China and Europe. Furthermore, ICL&nbsp;Phosphate manufactures
phosphate-based food additives for livestock in Turkey. ICL Phosphate markets its products worldwide, mainly in Europe, Brazil,
India and China.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Specialty Fertilizers</B>
&ndash; ICL Specialty Fertilizers produces specialty fertilizers (e.g., water soluble) in the Netherlands and Belgium, liquid fertilizers
and soluble fertilizers in Israel and Spain and controlled-release fertilizers in the Netherlands and the United States. ICL Specialty
Fertilizers markets its products worldwide, mainly in Europe, North America and Israel.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><B>Specialty Solutions
Segment </B>&ndash; This segment includes three business lines: ICL Industrial Products, ICL Advanced Additives and ICL Food Specialties.
The segment targets industrial markets and concentrates on achieving growth through a highly-tailored customer focus, product innovation
and commercial excellence.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Industrial Products</B>
&ndash; ICL Industrial Products produces bromine out of a solution that is created as a by-product of the potash production process
in Sodom, Israel, as well as bromine-based compounds. ICL Industrial Products uses most of the bromine it produces for self-production
of bromine compounds at production sites in Israel, the Netherlands and China. In addition, ICL Industrial Products extracts from
the Dead Sea potassium, salt, magnesium chloride and magnesia products used in the pharma, specialty steel, oil drilling, and oil
additives industries, along with de-icing and other applications. In addition, ICL Industrial Products is engaged in the production
and marketing of phosphorous<I>-</I>based flame retardants and additional phosphorus-based products.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">Note 3 - Operating Segments (cont&rsquo;d)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #4F81BD; font: bold 11pt 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">A.</TD><TD STYLE="padding-right: 14.2pt">General (cont&rsquo;d)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">1. Information on operating segments: (cont'd)</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Advanced Additives</B>
&ndash; ICL Advanced Additives primarily develops, produces, markets and sells a broad range of acids and specialty phosphates
for various applications in a large number of industries, including metal and water treatment, paints and coatings, forest fire
retardants, cleaning materials, oral hygiene, carbonated drinks, asphalt modification and fuel additives. The diverse products
and market base support and are consistent with the Company&rsquo;s strategy of increasing production of downstream products with
higher added value. ICL Advanced Additives purifies some of the agricultural phosphoric acid manufactured by ICL Phosphate and
also manufactures thermal phosphoric acid. The purified phosphoric acid and the thermal phosphoric acid are used to manufacture
downstream products with high added value &ndash; phosphate salts and acids &ndash; which are used in the various industries mentioned
above.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Food Specialties</B>
&ndash; ICL Food Specialties is a leader in developing and producing functional food ingredients and phosphate additives, which
provide texture and stability solutions for the processed meat, fish, dairy, beverage and baked-goods markets. In addition, the
business line produces milk proteins and whey proteins for the food ingredient industry and provides blended, integrated solutions
based on dairy proteins and phosphate additives. The business line operates primary production locations in Germany and Austria,
which mainly process phosphates, milk and spices, and runs several local blending facilities in Germany, the UK, the United States,
Brazil, China and Australia, enabling the production of &quot;customer specific&quot; solutions that meet the requirements of the
local market.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">2. Segment capital investments</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The capital investments
made by the segments, for each of the reporting periods, include mainly property, plant and equipment and intangible assets acquired
in the ordinary course of business and as part of business combinations.</P>

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

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">3. Inter&ndash;segment transfers and unallocated
income (expenses)</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Segment revenues, expenses
and results include inter-segment transfers, which are priced based on transaction prices in the ordinary course of business. These
transfers are eliminated as part of consolidation of the financial statements. The segment income is measured based on the operating
income, without certain expenses that are not allocated to the operating segments including general and administrative expenses,
as it is included in reports that are regularly reviewed by the chief operating decision maker.</P>

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


<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">Note 3 - Operating Segments (cont&rsquo;d)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B>B. Operating segment data</B></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%; border-top: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 10pt; text-indent: -0.125in; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Specialty Solutions Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Essential Minerals Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; padding-right: 6pt; text-align: center; vertical-align: bottom">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Other</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Activities</P></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Eliminations</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Consolidated</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 10pt; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: bold; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three-month period ended June 30, 2017</FONT></TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Sales to external parties</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;625</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;687</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,322</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Inter-segment sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">15</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">49</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(65)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">640</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">736</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">11</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(65)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,322</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income attributed to segments</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">135</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">81</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;217</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">General and administrative expenses</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(65)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other unallocated expenses and intercompany eliminations</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(8)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income </FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">144</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financing expenses, net</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(49)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share in earnings of&nbsp;&nbsp;equity-accounted investee</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income before taxes on income</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">96</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Capital expenditures</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;17</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;90</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;108</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Capital expenditures not allocated</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total capital expenditures</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">109</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;27</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;66</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;93</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Depreciation and amortization not allocated</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2</P>
        </TD></TR>
<TR>
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total depreciation and amortization</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">95</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">Note 3 - Operating Segment (cont'd)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B>B. Operating segment data (cont'd)</B></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%; border-top: black 1pt solid; padding-left: 0.125in; text-align: left; font-size: 10pt; padding-right: 6pt; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Specialty Solutions Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Essential Minerals Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Other</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Activities</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Eliminations</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Consolidated</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-left: 0.125in; text-align: left; font-size: 10pt; padding-right: 6pt; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">For the three-month period ended June 30, 2016</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Sales to external parties</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;655</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;709</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;13</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,377</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Inter-segment sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">12</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">56</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(68)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">667</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">765</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">13</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(68)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,377</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income (loss) attributed to segments</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">136</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">113</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(2)</P>
        </TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;247</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">General and administrative expenses</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(81)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other unallocated expenses and intercompany eliminations</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(17)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">149</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financing expenses, net</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(40)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share in earnings of&nbsp;&nbsp;equity-accounted investee</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">7</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income before taxes on income</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">116</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Capital expenditures</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;26</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;146</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;173</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Capital expenditures not allocated</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">23</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total capital expenditures</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">196</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Depreciation and amortization</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;28</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;70</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;98</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Depreciation and amortization not allocated</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">1</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">99</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">Note 3 - Operating Segment (cont'd)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B>B. Operating segment data (cont'd)</B></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%; border-top: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 10pt; text-indent: -0.125in; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Specialty Solutions Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Essential Minerals Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; padding-right: 6pt; text-align: center; vertical-align: bottom">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Other</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Activities</P></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Eliminations</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Consolidated</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: center; font-size: 10pt; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; font-size: 10pt; font-weight: bold; text-indent: -0.125in">For the six-month period ended June 30, 2017</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Sales to external parties</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,224</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,373</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,617</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Inter-segment sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">29</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">97</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(128)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,253</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,470</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">22</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(128)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,617</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income attributed to segments</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">250</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">147</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;398</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">General and administrative expenses</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(131)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other unallocated expenses and intercompany eliminations</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(7)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">260</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financing expenses, net</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(63)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share in earnings of&nbsp;&nbsp;equity-accounted investee</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income before taxes on income</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">199</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: justify; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Capital expenditures</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;30</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;189</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;220</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Capital expenditures not allocated</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">1</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total capital expenditures</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">221</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: justify; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Depreciation and amortization</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;55</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;131</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;187</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding: 0pt 6pt 0pt 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Depreciation and amortization not allocated</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">2</P>
        </TD></TR>
<TR>
    <TD STYLE="padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total depreciation and amortization</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">189</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt 6pt 0pt 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 19 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">Note 3 - Operating Segment (cont'd)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B>B. Operating segment data (cont'd)</B></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%; border-top: black 1pt solid; padding-left: 0.125in; text-align: center; font-size: 10pt; vertical-align: bottom; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Specialty Solutions Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Essential Minerals Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Other</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Activities</P></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Eliminations</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Consolidated</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-left: 0.125in; text-align: center; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">For the six-month period ended June 30, 2016</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Sales to external parties</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,225</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,379</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;38</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,642</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Inter-segment sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">26</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">109</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(135)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,251</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,488</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">38</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(135)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">2,642</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income attributed to segments</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">242</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">206</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;448</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">General and administrative expenses</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(161)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other unallocated expenses and intercompany eliminations</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(31)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">256</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financing expenses, net</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(68)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share in earnings of&nbsp;&nbsp;equity-accounted investee</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">9</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income before taxes on income</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">197</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Capital expenditures</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;51</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;269</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;321</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Capital expenditures not allocated</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">38</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total capital expenditures</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">359</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Depreciation and amortization</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;54</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;143</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;197</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Depreciation and amortization not allocated</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">1</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">198</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 20 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">Note 3 - Operating Segment (cont&rsquo;d)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><B>B. Operating segment data (cont'd)</B></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%; border-top: black 1pt solid; padding-left: 0.125in; text-align: center; font-size: 10pt; vertical-align: bottom; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Specialty Solutions Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Essential Minerals Segment</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Other</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Activities</P></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Eliminations</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Consolidated</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-left: 0.125in; text-align: center; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the year ended December 31, 2016</FONT></TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.5in; text-align: right; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Sales to external parties</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,493</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,811</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;59</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5,363</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Inter-segment sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">60</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">225</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(285)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total sales</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">2,553</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">3,036</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">59</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(285)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">5,363</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating income attributed to segments</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">534</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">398</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">5</P>
        </TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;937</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">General and administrative expenses</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(321)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other unallocated expenses and intercompany eliminations</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(619)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating loss </FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(3)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financing expenses, net</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(132)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share in earnings of&nbsp;&nbsp;equity-accounted investee</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">18</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Loss before taxes on income</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(117)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Capital expenditures</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;95</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;497</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;593</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Capital expenditures not allocated</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">59</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total capital expenditures</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">652</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;106</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;292</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;401</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Depreciation and amortization not allocated</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">5</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total depreciation and amortization</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">406</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">Note 3 - Operating Segments (cont'd)</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">C.
Sales by Business Lines</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="text-align: center; border-top: black 1pt solid; font-size: 10pt; font-weight: bold; vertical-align: bottom; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 20%; border-bottom: Black 1pt solid; text-align: center; font-size: 11pt; vertical-align: bottom; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
<TR>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Specialty Solutions Segment</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Industrial Products</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;291</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;22</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;294</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;21</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;601</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;23</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;562</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;21</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,120</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;21</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Advanced Additives</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;208</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;16</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;206</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;15</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;377</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;14</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;369</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;14</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;798</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;15</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Food Specialties</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">147</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">11</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">174</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">13</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">285</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">11</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">336</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">13</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">659</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">12</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;646</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;49</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;674</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;49</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,263</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;48</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,267</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;48</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,577</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;48</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Essential Minerals Segment</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Potash &amp; Magnesium</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;314</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;24</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;299</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;22</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;597</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;23</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;572</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;22</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,338</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;25</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Phosphate</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;264</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;319</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;23</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;556</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;21</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;618</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;23</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,163</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;22</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Specialty Fertilizers</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">190</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">14</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">189</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">14</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">382</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">15</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">377</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">14</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">661</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">12</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;768</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;58</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;807</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;59</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,535</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;59</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,567</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;59</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3,162</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;59</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Other and setoffs</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(92)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(7)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(104)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(8)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(181)</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(7)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(192)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(7)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(376)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(7)</P>
        </TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,322</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">1,377</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,617</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">2,642</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">5,363</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">D.
Sales by Geographical Regions</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="text-align: center; border-top: black 1pt solid; font-size: 10pt; font-weight: bold; vertical-align: bottom; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 20%; border-bottom: Black 1pt solid; text-align: center; font-size: 11pt; vertical-align: bottom; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of&nbsp;</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of&nbsp;</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of&nbsp;</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
<TR>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Europe</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;457</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">34</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;480</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">35</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;991</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">38</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,039</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">39</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,863</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">35</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Asia</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;325</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">25</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;320</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">23</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;607</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">23</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;559</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">21</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,275</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">24</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">North America</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;276</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">21</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;282</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">20</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;570</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">22</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;549</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">21</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,141</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">South America</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;194</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">15</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;177</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;292</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;269</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;588</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Rest of the world</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">70</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">5</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">118</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">9</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">157</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">6</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">226</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">9</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">496</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">9</P>
        </TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,322</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">1,377</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,617</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">2,642</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">5,363</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">E.
Sales by Main Countries</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; vertical-align: bottom; padding-right: 6pt"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 20%; border-bottom: Black 1pt solid; text-align: center; font-size: 11pt; vertical-align: bottom; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$&nbsp;</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of&nbsp;</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom; width: 8%; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of&nbsp;</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
<TR>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">USA</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;260</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;261</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;19</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;536</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;515</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,070</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Brazil</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;176</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;13</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;159</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;253</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;236</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;521</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">China</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;158</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;153</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;303</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;261</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;669</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Germany</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;93</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;108</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;191</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;220</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;392</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">United Kingdom</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;77</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;73</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;166</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;170</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;306</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Spain</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;61</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;69</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;140</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;144</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;258</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">India</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;55</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;64</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;92</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;90</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;199</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">France</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;53</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;57</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;124</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;128</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;226</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Israel</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;44</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;58</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;96</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;111</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;237</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Netherlands</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;27</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;21</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;49</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;47</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;91</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">All other</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">318</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">24</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">354</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">26</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">667</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">25</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">720</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">27</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">1,394</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">26</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,322</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">1,377</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,617</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">2,642</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">5,363</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; background-color: white; border-bottom: Black 2.5pt double">100</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 22 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-weight: normal">Note
4 - Financial Instruments and Risk Management </FONT></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">A. Fair value of financial
instruments</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The carrying amounts of
certain financial assets and financial liabilities, including cash and cash equivalents, investments, short-term deposits and loans,
receivables and other debit balances, long-term investments and receivables, short-term credit, payables and other credit balances,
long-term loans bearing variable interest and other liabilities, and derivative financial instruments, correspond to or approximate
their fair value.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The following table details
the book value and fair value of financial instrument groups presented in the financial statements not in accordance with their
fair value:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; text-align: justify; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, 2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, 2016</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">December 31, 2016</FONT></TD></TR>
<TR>
    <TD STYLE="width: 28%; text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Carrying amount</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Fair value</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Carrying amount</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Fair value</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Carrying amount</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Fair value</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Loans bearing fixed interest</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;229</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;238</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;339</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;355</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;293</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;306</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Debentures bearing fixed interest</FONT></TD>
    <TD STYLE="background-color: white; text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Marketable</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,242</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,289</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,200</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,238</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,201</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,201</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Non-marketable</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">281</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">293</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">281</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">291</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">281</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">283</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,752</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,820</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,820</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,884</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,775</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,790</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; font-size: 11pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">B. Fair value hierarchy</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The following table presents
an analysis of the financial instruments measured at fair value, using a valuation method in accordance with the fair value levels
in the hierarchy.</P>

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

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Level 1: Quoted (unadjusted)
prices in an active market for identical instruments.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Level 2: Observed data
in the market (directly or indirectly) not included in Level 1 above.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Level 3: Inputs that are
not based on observable market data.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, 2017</FONT></TD></TR>
<TR>
    <TD STYLE="width: 64%; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Level 2</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Level 3</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR>
    <TD STYLE="vertical-align: bottom; width: 64%; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financial assets available for sale (1)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;208</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;208</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Derivatives used for economic hedging, net</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">71</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">71</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">71</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">208</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">279</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">June 30, 2016</FONT></TD></TR>
<TR>
    <TD STYLE="width: 52%; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Level 1</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Level 2</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Level 3</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR>
    <TD STYLE="vertical-align: bottom; width: 52%; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Securities held for trading purposes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;25</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;25</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financial assets available for sale (1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;255</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;255</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Derivatives used for economic hedging, net</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(38)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">(38)</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">25</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(38)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">255</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">242</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 23 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-weight: normal">Note
4 - Financial Instruments and Risk Management (cont'd)</FONT></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">B. Fair value hierarchy
(cont'd)</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">December 31, 2016</FONT></TD></TR>
<TR>
    <TD STYLE="width: 52%; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Level 1</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Level 2</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Level 3</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Total</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR>
    <TD STYLE="vertical-align: bottom; width: 52%; text-align: left; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 12%; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Securities held for trading purposes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financial assets available for sale (1)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;253</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;253</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 11pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Derivatives used for economic hedging, net</FONT></TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">7</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">7</P>
        </TD></TR>
<TR>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">10</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">7</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">253</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">270</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: right; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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">Investment in 15% of the share capital of YTH, which is subject to a three-year
lock-up period as required by Chinese law. Measurement of the fair value of the discount rate in respect of the lock-up period
was calculated by use of the Finnerty&nbsp;2012 Model and is based on an estimate of the period in which the restriction on marketability
applies and a standard deviation of the yield on a YTH share in this period. The impact stemming from a possible and reasonable
change in these data items, which are not observed, is not material.</TD></TR></TABLE>

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

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-weight: normal">Note
5 &ndash; Equity Compensation Plans and Dividend Distributions</FONT></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #4F81BD; font: bold 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18.45pt"></TD><TD STYLE="width: 17.55pt">A.</TD><TD STYLE="padding-right: 14.2pt">Share-based payments to employees</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.4959in"></TD><TD STYLE="width: 0.0041in">1.</TD><TD STYLE="padding-right: 14.2pt">&nbsp;&nbsp;Non-marketable options</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%; text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Grant
    date</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Employees
    entitled</B></FONT></TD>
    <TD STYLE="width: 12%; text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Number
    of instruments (thousands)</B></FONT></TD>
    <TD STYLE="width: 23%; text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Issuance&rsquo;s
    details</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Instrument
    terms</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Vesting
    conditions</B></FONT></TD>
    <TD STYLE="width: 13%; text-align: left; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Expiration
    date</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">June 20, 2017, for Chairman of the BOD &ndash; August 2, 2017 the date of the approval of the General Meeting.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; border-bottom: Black 1pt solid">Officers and <BR>
Senior <BR>
employees</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">Chairman of BOD.</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">6,966</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; border-bottom: Black 1pt solid">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">165</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">An issuance of non-marketable and non-transferrable options, for no consideration, under the 2014 Equity Compensation Plan (amended) to 498 ICL officers and senior employees in Israel and overseas.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Upon exercise, each option may be converted into one ordinary
        share of NIS 1 par value of the Company.</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="font-size: 8pt; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3 equal tranches: (1) one third at the end of 12 months after the grant date (2) one third at the end of 24 months after the grant date (3) one third at the end of 36 months after the grant date.</FONT></TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7 years from the vesting date.</FONT></TD></TR>
</TABLE>


<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; color: #4F81BD; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><FONT STYLE="font-weight: normal">Additional
Information</FONT></P>

<P STYLE="color: #4F81BD; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 35.7pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 38%; border-top: black 1pt solid; border-bottom: black 1pt solid"></TD>
    <TD NOWRAP STYLE="width: 62%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-size: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>June 2017 Options Grant</B></FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 38%; padding-left: 2.8pt; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Share price (in $)</FONT></TD>
    <TD STYLE="width: 62%; padding-left: 7.15pt; font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">4.49</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.85pt; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">CPI-linked exercise price (in $)</FONT></TD>
    <TD STYLE="padding-left: 7.15pt; font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">4.29</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.85pt; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expected volatility</FONT></TD>
    <TD STYLE="padding-left: 7.15pt; font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">31.91%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.85pt; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expected life of options (in years)</FONT></TD>
    <TD STYLE="padding-left: 7.15pt; font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.85pt; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Risk-free interest rate</FONT></TD>
    <TD STYLE="padding-left: 7.15pt; font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">0.38%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.85pt; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total fair value (in $ millions)</FONT></TD>
    <TD STYLE="padding-left: 7.15pt; font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 2.85pt; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Dividend &ndash; exercise price</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 7.15pt; font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">Reduced on the &quot;ex-dividend&quot; date by the amount of the dividend per share</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-weight: normal">Note
5 &ndash; Equity Compensation Plans and Dividend Distributions (cont&rsquo;d)</FONT></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 35.7pt; text-align: justify">The options issued to the
employees in Israel are covered by the provisions of Section 102 of the Israeli Income Tax Ordinance. The issuance will be performed
through a trustee under the Capital Gains Track. The fair value of the options was estimated using the Black&amp; Scholes model
for pricing options. The exercise price is linked to the CPI that is known as of the date of payment, which is the exercise date.
In a case of distribution of a dividend by the Company, the exercise price is reduced on the &ldquo;ex dividend&rdquo; date, by
the amount of the dividend per share, based on the amount thereof in NIS on the effective date.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 35.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 35.7pt; text-align: justify">The expected volatility
was determined on the basis of the historical volatility of the Company&rsquo;s share prices. The expected life of the options
was determined on the basis of Management&rsquo;s estimate of the period the employees will hold the options, taking into consideration
their position with the Company and the Company&rsquo;s past experience regarding the turnover of employees. The risk-free interest
rate was determined on the basis of the yield to maturity of shekel-denominated Israeli Government debentures, with a remaining
life equal to the anticipated life of the options.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 35.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 35.7pt; text-align: justify">The cost of the embedded
benefits of the said plans will be recognized in the income statements over the vesting period of each tranche taking into account
also the Company&rsquo;s policy relating &ldquo;Rule75&rdquo; (accelerated vesting period for employees which their age plus their
years of employments in the Company exceed 75).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 35.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #4F81BD; font: bold 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.4959in"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="padding-right: 14.2pt">Restricted shares</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; text-align: left; padding-right: 6pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Grant
    date</B></FONT></TD>
    <TD STYLE="width: 11%; text-align: left; padding-right: 6pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Employees
    entitled</B></FONT></TD>
    <TD STYLE="width: 12%; text-align: left; padding-right: 6pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Number
    of instruments (thousands)</B></FONT></TD>
    <TD STYLE="width: 22%; text-align: left; padding-right: 6pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Vesting
    conditions</B></FONT></TD>
    <TD STYLE="width: 12%; text-align: left; padding-right: 6pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Instrument
    terms</B></FONT></TD>
    <TD STYLE="width: 17%; text-align: left; padding-right: 6pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Additional
    Information</B></FONT></TD>
    <TD STYLE="width: 14%; text-align: left; padding-right: 6pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Fair
    value at the grant date (Million)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-right: 6pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">June 20, 2017, for Chairman of the BOD &ndash; August 2, 2017 the date of the approval of the General Meeting.</FONT></TD>
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; border-bottom: Black 1pt solid">Officers <BR>
and Senior <BR>
employees</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">Chairman of BOD.</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">2,233</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; border-bottom: Black 1pt solid">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">53</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="text-align: left; padding-right: 6pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3 equal tranches: (1) one third at the end of 12 months after the grant date (2) one third at the end of 24 months after the grant date (3) one third at the end of 36 months after the grant date.</FONT></TD>
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">An issuance for no consideration, under the 2014 Equity Compensation
        Plan (amended)</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="font-size: 8pt; padding-right: 6pt; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The value of the restricted shares was determined according to the closing price on the TASE on the most recent trading day preceding the grant date (the date approval of the BOD/General meeting)</FONT></TD>
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">10</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; border-bottom: Black 1pt solid">&nbsp;</P>0.3</TD></TR>
</TABLE>


<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif"></P>


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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; color: #4F81BD; font: bold 12pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18.45pt"></TD><TD STYLE="width: 17.55pt; text-align: left">B.</TD><TD>Dividend Distributions</TD>
</TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Decision date for dividend distribution by the Board of Directors</FONT></TD>
    <TD STYLE="width: 26%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold">Actual date of dividend distribution</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Distributed amount</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">($ millions)&nbsp;</P></TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold">Dividend per share ($)</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">November 22, 2016</FONT></TD>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">January 4, 2017 </FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">60</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">0.04701</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">February&nbsp;&nbsp;14, 2017 </FONT></TD>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">April 4, 2017</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">57</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">0.04400</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">May 9, 2017 </FONT></TD>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">June 20, 2017</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">34</FONT></TD>
    <TD STYLE="font-size: 10pt; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">0.02600</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">August 2, 2017 (after the date of the report)*</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">September 13, 2017</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; color: #4F81BD; font-weight: bold">32</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; color: #4F81BD; font-weight: bold">0.02450</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">(*) <FONT STYLE="font-size: 10pt">The
dividend will be distributed on September 13, 2017, with a record date for eligibility for the dividend of August 29,
2017.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-weight: normal">Note
6 &ndash; Provisions, Contingencies and Other Matters</FONT></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>


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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">1.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">On June 30, 2017, there was a partial collapse of the dyke in Pond&nbsp;3
in the plants of Rotem Amfert Israel, which is used for accumulation of phosphogypsum water that is created as a by-product of
the production processes. The Company ceased immediately use of the active phosphogypsum ponds. On July 3, 2017, the Company returned
to production at full capacity under a temporary approval to activate Pond 4 by the Ministry of Environmental Protection. The Company
was instructed by the Ministry of Environmental Protection to submit a plan within the next few months relating to the future operation
of the phosphogypsum water ponds. To the best of the Company&rsquo;s knowledge, investigations have been commenced by the Ministry
of Environmental Protection and the Israeli authorities.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in">The
Company is taking action to explore solutions for, among other things, restoration of the ponds in the short- and long-term
and to rectify any environmental harm caused, to the extent required. The Company&rsquo;s actions are being carried out in
full coordination and close cooperation with the Israeli environmental authorities, including the Ministry of Environmental
Protection and the Nature and National Parks Authority. The Company is committed to environmental responsibility, and for
years has worked closely with the Israeli&rsquo;s environmental authorities to maintain the Negev&rsquo;s natural reserves in
the area of its facilities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in">In light
of the preliminary stages of the cost evaluation process, its complexity and the uncertainty regarding future resolutions and
demands, the Company cannot estimate the expected restoration costs at this stage. Nevertheless, the Company recorded a provision,
in an immaterial amount, which reflects the expenses that are expected to be incurred in the short term. The Company is in contact
with its insurance carriers with reference to the relevant insurance policies regarding the matters described above.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in">&nbsp;</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">2.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In July&nbsp;2017, two applications for certification of a claim as a class
action were filed against the Company, one in the District Court in Beer Sheva and the other in the District Court in Tel Aviv,
as a result of a partial collapse of the dyke in the evaporation pond of Rotem Amfert Israel, which caused contamination of the
Ashalim Stream and its surrounding area. The requesting parties contend that the Company breached various provisions of the environmental
laws, including, the provisions of the Law for Prevention of Environmental Hazards and the Water Law as well as provisions of the
Torts Ordinance, breach of a statutory duty and negligence. In the framework of the first application, the Court is requested to
instruct the Company to rectify the harm caused as a result of its omissions in order to prevent recurrence of the damage caused
as well as to grant a monetary remedy for non-pecuniary damages.</TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 26 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-weight: normal">Note
6 &ndash; Provisions, Contingencies and Other Matters (cont&rsquo;d)</FONT></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in">The monetary
remedy was not defined, however, according to the requesting parties, the amount of the personal claim is NIS&nbsp;1,000 ($283)
for all residents of the State of Israel, which totals 8.68 million persons. In the framework of the second application, the Court
is requested to grant a monetary remedy in an amount of not less than NIS&nbsp;250 million ($71 million), and concurrently to award
personal compensation in the amount of NIS&nbsp;2,000 ($567) for all residents of the State of Israel, this being in respect of
non-pecuniary damages. Furthermore, the Court was requested to instruct the Company to comply with the relevant laws and the rules
provided thereunder.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in">In light
of the very early stage of the proceeding and the limited number of similar court cases, it is difficult, at this stage, to predict
the outcome of the applications.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">3.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Further to Note 20 to the Annual Financial Statements, on June&nbsp;30,
2017, the Supreme Court determined that the permit to pile up the salt in Sallent, which includes certain conditions, will be extended
by one year, up to June&nbsp;30, 2018. In addition, the Court determined that before March 31, 2018, the Company will be entitled
to request an extension for an additional year, up to June&nbsp;30, 2019. With respect to the extension for the second year, the
Court determined that the competent authorities are permitted to provide conditions for granting an extension as stated.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">4.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">On June&nbsp;7, 2017, the Company signed an agreement for sale of its entire
holdings (50%) in IDE, for a consideration of about $178 million, which is to be paid in cash on the closing date of the transaction,
net of transactions costs and subject to possible price adjustments stemming from the occurrence of certain events prior to the
closing of the transaction. In the Company&rsquo;s estimation, the closing date of the transaction is expected to take place in
2017, and it is subject to fulfillment of preconditions, including receipt of approvals from the competent authorities. In light
of that stated, during the period of the report, the Company reclassified the amount of about $122 million from the &ldquo;investments
in equity-accounted investees&rdquo; category to the &ldquo;assets held for sale&rdquo; category.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">5.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In June 2017, the Company received an assessment from the Israeli Tax Authority
whereby it is required to pay additional tax in respect of the 2012&ndash;2014 tax years, in the amount of about $50 million. The
Company disputes the assessment and is considering its further course of action. Based on the Company&rsquo;s estimation, as at
the date of the report there is a sufficient provision in the books, in an immaterial amount.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">6.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">During the second quarter of 2017, as part of the Company&rsquo;s
                                                               efficiency plan, the Company signed a five-year collective labor agreement with the Workers&rsquo; Union of Rotem Amfert Israel,
                                                               which includes a plan for early retirement of 30&nbsp;employees. As a result, the Company increased the provision of
                                                               termination benefits for                                                                employees, in the amount of about $15 million,
                                                               against the &ldquo;other
                                                               expenses&rdquo; category in the statement of income.</TD></TR></TABLE>

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



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.45pt; text-align: justify; text-indent: 0in"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">7.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Further to Note 20 to the Annual Financial Statements, in April 2017, the
National Council for Planning and Building approved amendments to the National Outline Plan (NOP)&nbsp;14B, which includes the
Barir field and transferred the plan for government approval.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.6pt; text-align: justify">In addition, in March 2017,
the Supreme Court sitting as the High Court of Justice rejected the petition of residents of Arad against the policy document of
the National Council for Planning and Building regarding the mining plan in the Barir field.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 53.6pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
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<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0"><FONT STYLE="font-weight: normal">Note
6 &ndash; Provisions, Contingencies and Other Matters (cont&rsquo;d)</FONT></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">8.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">During March 2017, a claim was filed by Great Lakes Chemicals, a subsidiary
of Chemtura Corporation (hereinafter &ndash; &quot;Great Lakes&quot;), against Dead Sea Bromine Company Ltd. (hereinafter &ndash;
&quot;DSB&quot;), in the U.S. District Court for the Southern District of New York, in the United States. As part of the claim,
Great Lakes is claiming damages, in an amount of about $27 million, in respect of an alleged breach of an agreement covering supply
and sale of bromine and downstream bromine products from 2003 and is requesting issuance of a declaratory order enforcing the agreement
from 2003. DSB rejects the damages claimed, including any related responsibility or obligation. In the Company's estimation, the
chances that Great Lakes&rsquo; alleged claims will be rejected exceed the chances that they will be accepted.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">9.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">On March 23, 2017, Fitch Ratings lowered the Company&rsquo;s international
corporate credit rating to BBB&ndash; with a stable rating outlook. Fitch&rsquo;s above-mentioned rating also applies to the Company&rsquo;s
debentures. According to the Company&rsquo;s estimate, the impact of the said rating reduction on its financial expenses, if any,
will be negligible.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt">10.</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Further to Note 25 to the Annual Financial Statements, during the second
quarter of 2017, the Company received short-term loans of $150 million from its controlling shareholder, Israel Corporation Ltd.
The loans were granted for a period of up to nine months and bear interest at the annual rate of&nbsp;1.51%-1.88%.</TD></TR></TABLE>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Notes to the condensed consolidated interim financial statements as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

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<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

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<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">OPERATING AND FINANCIAL REVIEW AND PROSPECTS</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">FORWARD-LOOKING STATEMENTS</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Forward-looking
statements appear in a number of places in this announcement and include, but are not limited to, statements regarding our intent,
belief or current expectations. Forward-looking statements are based on our management&rsquo;s beliefs and assumptions and on information
currently available to our management. Such statements are subject to risks and uncertainties, and the actual results may differ
materially from those expressed or implied in the forward- looking statements due to various factors, including, but not limited
to<B>:</B></P>

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

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Loss or impairment
of business licenses or mining permits or concessions; volatility of supply and demand and the impact of competition; the difference
between actual reserves and our reserve estimates; natural disasters; failure to raise the water level in evaporation Pond 5 in
the Dead Sea; construction of a new pumping station; disruptions at our seaport shipping facilities or regulatory restrictions
affecting our ability to export our products overseas; general market, political or economic conditions in the countries in which
we operate; price increases or shortages with respect to our principal raw materials; delays in the completion of major projects
by third party contractors and/or governmental obligations; construction of a canal between the Red Sea and Dead Sea; labor disputes,
slowdowns and strikes involving our employees; pension and health insurance liabilities; changes to governmental programs or tax
benefits, creation of new fiscal or tax related legislation; higher tax liabilities; failure to integrate or realize expected benefits
from mergers and acquisitions, organizational restructuring and joint ventures; currency rate fluctuations; rising interest rates;
government examinations or investigations; disruption of our information technology systems or breaches of our data security; failure
to recruit or maintain key personnel; inability to realize expected benefits from our cost reduction program according to the expected
timetable; inability to access capital markets on favorable terms; cyclicality of our businesses; changes in demand for our fertilizer
products due to a decline in agricultural product prices, lack of available credit, weather conditions, government policies or
other factors beyond our control; decreases in demand for bromine based products and other industrial products; volatility or crises
in the financial markets; cost of compliance with environmental legislative and licensing restrictions; hazards inherent to chemical
manufacturing, including the impact of the collapse of the dyke in Pond 3 in our Rotem Amfert facility; litigation, arbitration
and regulatory proceedings; insufficiency of insurance coverage; closing of transactions, mergers and acquisitions; war or acts
of terror; and other risk factors discussed under &rdquo;Item 3. Key Information&mdash;D. Risk Factors&quot; in the company's Annual
Report on Form 20-F filed with the U.S Securities and Exchange Commission on March 16, 2017.</P>

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

<P STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">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 other
information contained in this report, whether as a result of new information, future developments or otherwise. You are advised,
however, to read any additional disclosures included in the Immediate Reports furnished by the Company to the SEC on Form 6-K.</P>

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


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<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Performance Overview</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; color: #4F81BD">Overview</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; color: #4F81BD">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">We are a leading global
specialty minerals company that operates a unique, integrated business model. We extract raw materials and utilize sophisticated
processing and product formulation technologies to add value to customers in three attractive end-markets: agriculture, food and
engineered materials. Our operations are organized under two segments: the Essential Minerals Segment and the Specialty Solutions
Segment. The Essential Minerals Segment includes three business lines: ICL Potash &amp; Magnesium, ICL Phosphate and ICL Specialty
Fertilizers. The Specialty Solutions Segment includes three business lines: ICL Industrial Products, ICL Advanced Additives and
ICL Food Specialties.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; color: #4F81BD">Operating Segments</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: left; color: #4F81BD">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Our operations are organized
under two segments: the Essential Minerals Segment and the Specialty Solutions Segment.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #4F81BD"><B>Essential
Minerals Segment</B></FONT><B> &ndash;</B> This segment targets the Agro markets and focuses on efficiency, process innovation
and operational excellence, in order to improve its competitive position. The segment includes three business lines: ICL Potash
&amp; Magnesium, ICL Phosphate and, since January 2017, also ICL Specialty Fertilizers. Management believes that operating ICL
Specialty Fertilizers as part of the Essential Minerals segment is expected to create synergies given the homogenous business and
customer bases of the segment&rsquo;s three business lines. Furthermore, the transfer expands the segment&rsquo;s portfolio to
include a broader range of commodity, specialty and semi-specialty products. As a result, the comparative data has been restated
in order to reflect the mentioned above change.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Potash &amp; Magnesium
&ndash;</B> ICL Potash &amp; Magnesium extracts potash from the Dead Sea and mines and produces potash and salt from subterranean
mines in Spain and the UK. ICL Potash &amp; Magnesium processes the potash into its types and markets it globally and also carries
on other intercompany operations not solely related to the potash activities. The Company also mines and produces polysulphate
(also known as polyhalite) in a subterranean mine in the UK. The magnesium business markets and sells pure magnesium and magnesium
alloys, and also produces dry carnallite and related by-products, including chlorine and sylvinite.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Phosphate &ndash;</B>
ICL Phosphate mines and processes phosphate rock from open pit mines &ndash; three of which are located in the Negev Desert in
Israel while the fourth is situated in the Yunnan province in China. In addition, ICL Phosphate produces sulfuric acid, agricultural
phosphoric acid and phosphate fertilizers in its facilities in Israel, China and Europe. Furthermore, ICL&nbsp;Phosphate manufactures
phosphate-based food additives for livestock in Turkey. ICL Phosphate markets its products worldwide, mainly in Europe, Brazil,
India and China.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Specialty Fertilizers
&ndash; </B>ICL Specialty Fertilizers produces specialty fertilizers (e.g., water soluble) in the Netherlands and Belgium, liquid
fertilizers and soluble fertilizers in Israel and Spain, and controlled-release fertilizers in the Netherlands and the United States.
ICL Specialty Fertilizers markets its products worldwide, mainly in Europe, North America and Israel.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: #4F81BD"><B>Specialty
Solutions Segment</B></FONT><B> &ndash;</B> This segment targets industrial markets and concentrates on achieving growth through
a highly-tailored customer focus, product innovation and commercial excellence. The segment includes three business lines: ICL
Industrial Products, ICL Advanced Additives and ICL Food Specialties.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Industrial Products
&ndash;</B> ICL Industrial Products produces bromine out of a solution that is created as a by-product of the potash production
process in Sodom, Israel, as well as bromine-based compounds. ICL Industrial Products uses most of the bromine it produces for
self-production of bromine compounds at production sites in Israel, the Netherlands and China. In addition, ICL Industrial Products
extracts from the Dead Sea potassium, salt, magnesium chloride and magnesia products used in the pharma, specialty steel, oil drilling,
and oil additives industries, along with de-icing and other applications. In addition, ICL Industrial Products is engaged in the
production and marketing of phosphorous<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>-</I></FONT>based flame retardants
and additional phosphorus-based products.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Advanced Additives</B>
&ndash; ICL Advanced Additives primarily develops, produces, markets and sells a broad range of acids and specialty phosphates
for various applications in a large number of industries, including metal and water treatment, paints and coatings, forest fire
retardants, cleaning materials, oral hygiene, carbonated drinks, asphalt modification and fuel additives. The diverse products
and market base support and are consistent with the Company&rsquo;s strategy of increasing production of downstream products with
higher added value. ICL Advanced Additives purifies some of the agricultural phosphoric acid manufactured by ICL Phosphate and
also manufactures thermal phosphoric acid. The purified phosphoric acid and the thermal phosphoric acid are used to manufacture
downstream products with high added value &ndash; phosphate salts and acids &ndash; which are used in the various industries mentioned
above.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify"><B>ICL Food Specialties</B>
&ndash; ICL Food Specialties is a leader in developing and producing functional food ingredients and phosphate additives, which
provide texture and stability solutions for the processed meat, fish, dairy, beverage and baked goods markets. In addition, the
business line produces milk proteins and whey proteins for the food ingredient industry and provides blended, integrated solutions
based on dairy proteins and phosphate additives. The business line operates primary production locations in Germany and Austria,
which mainly process phosphates, milk and spices, and runs several local blending facilities in Germany, the UK, the United States,
Brazil, China and Australia, enabling the production of &quot;customer specific&quot; solutions that meet the requirements of the
local market.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Financial Figures and Non-GAAP Financial Measures</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-top: black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD></TR>
<TR>
    <TD STYLE="padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 30%; padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Sales</FONT></TD>
    <TD STYLE="width: 7%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,322</FONT></TD>
    <TD STYLE="width: 7%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,377</FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="width: 7%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,617</FONT></TD>
    <TD STYLE="width: 7%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,642</FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5,363</FONT></TD>
    <TD STYLE="width: 7%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Gross profit</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;415</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;31</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;417</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;30</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;773</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;30</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;783</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;30</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,660</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;31</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Operating income (loss)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;144</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;149</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;260</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;256</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(3)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Adjusted operating income (1)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;153</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;163</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;269</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;278</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;582</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Net income (loss) - shareholders of the Company</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;57</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;120</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;125</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;186</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(122)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Adjusted net income - shareholders of the Company (1)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;64</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;132</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;10</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;132</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;217</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;451</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Adjusted EBITDA (2)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;251</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;19</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;278</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;469</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;18</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;501</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;19</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,051</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Cash flows from operating activities </FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;199</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;238</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;394</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;460</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;966</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">-</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Capital expenditures</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;109</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;196</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;221</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;359</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;-</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;652</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">&nbsp;-</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-indent: 0in"><I>(1)
See &ldquo;Adjustments to reported operating and net income&rdquo; below.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-indent: 0in"><I>(2)
See &ldquo;Adjusted EBITDA for the periods of activity&quot; below.</I></P>

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

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in; text-indent: 0in">Adjustments
to reported operating and net income</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%; border-top: black 1pt solid; font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 10pt">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Operating
    income (loss)</B></FONT></TD>
    <TD STYLE="width: 10%; background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">144</P>
        </TD>
    <TD STYLE="width: 10%; padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">149</P>
        </TD>
    <TD STYLE="width: 10%; background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">260</P>
        </TD>
    <TD STYLE="width: 10%; padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">256</P>
        </TD>
    <TD STYLE="width: 10%; padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(3)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 0.125in; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Capital (gain) loss&nbsp;&nbsp;(1)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Write-down and impairment of assets (2)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">489</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Provision for early retirement and dismissal of employees (3)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">15</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">15</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">39</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Provision in respect of prior periods resulting from an arbitration decision (4)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Retroactive electricity charges (5)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">(16)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Provision for legal claims (6)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">15</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Provision for historical waste removal (7)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">-</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">-</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">51</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal"><B>Total adjustments to operating income (loss)</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">9</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">14</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">9</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">22</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">585</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal"><B>Adjusted operating income </B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">153</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">163</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">269</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">278</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">582</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal"><B>Net income (loss) attributable to the shareholders of the Company </B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">57</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">120</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">125</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">186</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">(122)</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Total adjustments to operating income (loss)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">22</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">585</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Adjustments to finance expenses (8)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;38</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Total tax impact of the above operating income &amp; finance expenses adjustments </FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">(81)</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-left: 0.125in; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Tax assessment and deferred tax adjustments (9)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 10pt"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding-right: 10pt"><FONT STYLE="font-size: 10pt">36</FONT></TD></TR>
<TR>
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Adjustments attributable to the non-controlling interests</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">-</P>
        </TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">-</P>
        </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 10pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(5)</P>
        </TD></TR>
<TR>
    <TD STYLE="padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal"><B>Total adjusted net income - shareholders of the Company</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">64</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">132</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 10pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">132</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">217</P>
        </TD>
    <TD STYLE="padding-right: 10pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">451</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 10pt">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 33 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(1)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Capital (gain) loss from sale of non-core businesses. In 2017, additional
consideration received regarding earn-out of 2015 divestitures.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(2)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Impairment in value and write down of assets with respect to the write
down of assets (including expected closure cost) relating to the global ERP project (Harmonization Project), in the amount of $282
million, write down of assets relating to discontinuance of the activities of Allana Afar in Ethiopia (including expected closure
cost), in the amount of $202 million, and impairment in the value of assets of a subsidiary in the United Kingdom, in the amount
of $5 million. </I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(3)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Provision for early retirement and dismissal of employees in accordance
with the Company&rsquo;s comprehensive global efficiency plan from 2012 in its production facilities throughout the group. In 2016,
provisions relating to the Company&rsquo;s facilities in Israel of the Bromine companies (see also Q1 2016), the Company&rsquo;s
facilities in the United Kingdom and the Company&rsquo;s facilities of the joint venture in China (reflected also in the non-controlling
interests&rsquo; adjustment below). In 2017, provisions relating to the Company&rsquo;s facilities in Israel at ICL Rotem.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(4)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Provision in connection with prior periods in respect of royalties arbitration
in Israel. </I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(5)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Reversal of provision in connection with prior periods in respect of
costs of management services of the electricity system in DSW and ICL Rotem. </I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(6)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Provision for legal claims, mainly regarding two claims settled in 2016
related to prior periods. In Q1 2016, deriving from the settlement agreement that ended the class action brought by the farmers
in Israel regarding potash prices, and in Q2 2016, deriving mainly from the commercial price dispute with Haifa Chemicals which
ended with the arbitration award agreement in Q3 2016.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(7)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Provision for removal of waste in respect of prior periods. In 2016,
purification and removal of historical waste from the potash activities in Spain as a result of decisions made by the Spanish authorities
in connection with the plan for treating the salt pile in the Sallent site leading to plan changes mainly related to the water
pumping process involved in the salt treatment. </I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(8)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Interest and linkage expenses in connection with the royalties arbitration
and tax assessments in Israel relating to prior periods. $26 million in connection with the royalties arbitration and $12 million
relating to a tax assessment in Israel.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><I>(9)</I></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><I>Tax assessments in Israel and Belgium (see also Q1 2016) relating to
prior periods. </I></TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 34 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><B>Adjusted
EBITDA for the periods of activity</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: 0in; color: #4F81BD">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">Calculation
of adjusted EBITDA was made as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: black 1pt solid; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; padding-left: 0.125in; text-align: left; font-size: 10pt; text-indent: -0.125in; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Net income (loss) attributable to the shareholders of the Company</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;57</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;120</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;125</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;186</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;(122)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Depreciation and amortization</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;95</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;99</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;189</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;198</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;401</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Financing expenses, net</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;49</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;40</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;63</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;68</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;132</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Taxes on income</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;41</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;83</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;27</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;55</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Adjustments *</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">9</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">14</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">9</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">22</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">585</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Total
    adjusted EBITDA</B></FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">251</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">278</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">469</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">501</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,051</P>
        </TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-left: 0.125in; text-indent: -0.125in">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</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">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><I>*
See &quot;Adjustments to reported operating and net income&quot; above.</I></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><I>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. Our management uses adjusted operating income, adjusted net income attributable
to the Company&rsquo;s shareholders and adjusted EBITDA to facilitate operating performance comparisons from period to period.
We calculate our adjusted operating income by adjusting our operating income to add certain items, as set forth in the reconciliation
table under &ldquo;Adjustments to reported operating and net income&rdquo; above. Certain of these items may recur. We calculate
our adjusted net income attributable to the Company&rsquo;s shareholders by adjusting our net income attributable to the Company&rsquo;s
shareholders to add certain items, as set forth in the reconciliation table under &ldquo;Adjustments to reported operating and
net income&rdquo; above, excluding the total tax impact of such adjustments and adjustments attributable to the non-controlling
interests. We calculate our adjusted EBITDA by adding back to the net income attributable to the Company&rsquo;s shareholders
the depreciation and amortization, financing expenses, net, taxes on income and the items presented in the reconciliation table
under &ldquo;Adjusted EBITDA for the periods of activity&rdquo; above which were adjusted for in calculating the adjusted operating
income and adjusted net income attributable to the Company&rsquo;s shareholders.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: -0.55pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><I>You
should not view adjusted operating income, adjusted net income attributable to the Company&rsquo;s shareholders or adjusted EBITDA
as a substitute for operating income or net income attributable to the Company&rsquo;s shareholders determined in accordance with
IFRS, and you should note that our definitions of adjusted operating income, adjusted net income attributable to the Company&rsquo;s
shareholders and adjusted EBITDA may differ from those used by other companies. However, we believe adjusted operating income,
adjusted net income attributable to the Company&rsquo;s shareholders and adjusted EBITDA provide useful information to both management
and investors by excluding certain expenses that management believes are not indicative of our ongoing operations. 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 improve the comparability of the financial results between
periods and provide for greater transparency of key measures used to evaluate our performance.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: -0.55pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in"><I>We
present a discussion in the period-to-period comparisons of the primary drivers of changes in the company&rsquo;s results of operations.
This discussion is based in part on management&rsquo;s best estimates of the impact of the main trends in its businesses. We have
based the following discussion on our financial statements. You should read the following discussion together with our financial
statements.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: -0.55pt">&nbsp;</P>


<!-- Field: Page; Sequence: 35 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; text-indent: 0in">Consolidated Results
of Operations</P>

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Results of operations for the
period April &ndash; June 2017</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Sales</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; font-weight: bold; padding-right: 6pt">Sales analysis </TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt">Total sales Q2 2016</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;1,377</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt">Quantity</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(21)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt">Price</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(17)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 6pt; padding-bottom: 1pt">Exchange rate</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 6pt; padding-bottom: 1pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(17)</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-top: 6pt; padding-bottom: 1pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt">Total sales Q2 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,322</P>
        </TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 6pt; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt 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">-</TD><TD><U>Quantity</U> &ndash; the decrease derives mainly
from phosphate fertilizers in ICL Phosphate and dairy proteins in ICL Food specialties. The decrease was partly offset by an increase
in potash quantities sold, mainly  to Asia and South America and from acids in ICL Advanced Additives.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt 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">-</TD><TD><U>Price</U> &ndash; the decrease derives mainly from
a decline in the selling prices of phosphate fertilizers and phosphoric acid in ICL Phosphate.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt 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">-</TD><TD><U>Exchange rate</U> &ndash; the decrease derives
mainly from the devaluation of the euro and the Chinese yuan against the dollar compared to the corresponding quarter last year.</TD>
</TR></TABLE>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="border-top: black 1pt solid; text-align: center; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 48%; border-bottom: Black 1pt solid; text-align: center; font-size: 11pt; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; background-color: white; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD NOWRAP STYLE="width: 13%; border-bottom: Black 1pt solid; background-color: white; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD NOWRAP STYLE="width: 13%; border-bottom: Black 1pt solid; padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD></TR>
<TR>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD></TR>

<TR>
    <TD STYLE="width: 51%; layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">Europe</TD>
    <TD STYLE="width: 13%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;457</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">34</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;480</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">35</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">Asia</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;325</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">25</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;320</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">North America</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;276</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">21</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;282</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">20</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">South America</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;194</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">15</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;177</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">Rest of the world</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">70</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">5</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">118</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">9</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total</TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,322</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">1,377</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">100</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">The
breakdown of the sales in the second quarter of 2017 shows a decrease in sales to Europe, deriving mainly from a decline
in quantities and selling prices of potash, partly offset by an increase in sales of clear brine solutions and dairy
proteins. The minor increase in sales to Asia derives mainly from an increase in quantities sold of potash and phosphoric
acid, mostly offset by a decrease in phosphate fertilizers selling prices and quantities sold, together with a decrease in
phosphate rock quantities sold. The sales to North America were stable compared to the corresponding quarter last year (with
a minor reduction) despite the challenging business environment. The increase in sales to South America derives mainly from
an increase in potash selling prices and quantities sold, partly offset by a decrease in phosphate fertilizers quantities
sold. The decrease in sales to the rest of the world derives mainly from a decrease in the quantities of dairy proteins
products sold and a decline in potash sales to an Israeli customer facing operational difficulties due to new
local regulation.</P>

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


<!-- Field: Page; Sequence: 36 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Operating expenses</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Operating expenses analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Total operating expenses Q2 2016</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;1,228</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Quantity</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="downarrow-green.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Exchange rate</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(5)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="downarrow-green.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Raw materials</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(6)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="downarrow-green.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Transportation</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="horizontal-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Operational costs</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(36)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="downarrow-green.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 1pt"><FONT STYLE="font-weight: normal">Other</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 1pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">12</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-top: 4pt; padding-bottom: 1pt; padding-right: 6pt">
<IMG SRC="uparrow-red.jpg" STYLE="width: 17px; height: 21px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total operating expenses Q2 2017</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,178</P>
        </TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the decrease in quantities-related
costs derives mainly from the decrease in quantities sold, mainly in ICL Phosphate and ICL Food Specialties. The decrease was
partly offset by an increase in potash quantities sold.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from the devaluation of the euro and the Chinese yuan against the dollar, partly offset by the upward revaluation of the shekel
against the dollar compared to the corresponding quarter last year.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Raw materials</U> &ndash; the decrease derives mainly
from a decline in sulfur prices (used in ICL Phosphate and ICL Advanced Additives products) and a decline in commodity fertilizers
prices (used in ICL Specialty Fertilizers).</TD>
</TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Operational costs</U> &ndash; the decrease derives
mainly from operational cost saving measures in YPH including the impact of the early retirement program implemented in YPH last
year, and further G&amp;A reduction initiatives. See additional factors which contributed to the decrease compared to the corresponding
quarter last year under 'Adjustments to reported operating and net income' table above.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Other</U> &ndash; the increase derives mainly from
insurance income received in the corresponding quarter last year in respect of the fire in a fertilizer production facility in
Israel, partly offset by a provision recorded in the corresponding quarter last year resulting from extension of the employment
agreement in ICL Dead Sea.</TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #4F81BD; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">Adjusted
operating income</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">Adjusted operating income analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">Total adjusted operating income Q2 2016</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;163</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">Quantity</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(6)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">Price</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(17)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">Exchange rate</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(12)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">Raw materials</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">Transportation</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt"><IMG SRC="horizontal-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">Operational costs</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;31</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-top: 4pt; padding-bottom: 1pt; padding-right: 6pt"><FONT STYLE="font-weight: normal">Other</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 1pt; padding-right: 6pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(12)</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: Black 1pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; vertical-align: bottom; padding-bottom: 1pt">
<IMG SRC="down-arrow.jpg" STYLE="width: 17px; height: 21px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-right: 6pt"><B>Total adjusted operating income Q2 2017</B></TD>
    <TD STYLE="padding-right: 6pt"><P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double"><B>153</B></P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt"><B><U STYLE="text-decoration: none"></U></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">*
See also &lsquo;Adjustments to reported operating and net income&rsquo; table above.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 21.3pt; text-align: left">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Financing expenses, net</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The net financing expenses
in the second quarter of 2017 amounted to $49 million, compared with $40 million in the corresponding quarter last year &ndash;
an increase of $9 million. The increase includes an increase of about $31 million deriving mainly from fees paid with respect to
early repayment of a long-term loan in the amount of about $13 million, and from exchange rate differences relating to provisions
for employee benefits in the amount of about $13 million. On the other hand, there was a decrease in the financing expenses, in
the amount of about $22 million, deriving from an increase in income in respect of changes in the fair value of transactions hedging
foreign currency, energy and marine shipping, net, partly offset by revaluation of the net liabilities.</P>

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

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Tax expenses</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</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">The tax expenses in the
second quarter of 2017 amounted to $41 million, reflecting an effective tax rate of about 43%. The higher tax rate we see in 2017
is mainly due to an increase in the on-going Israeli effective tax rate on our Israeli operations. &nbsp;In addition the upward
revaluation of the shekel against the dollar had an impact on our tax expenses. The lower than usual effective tax rate in the
corresponding quarter last year was mainly due to recognition of deferred tax assets in the amount of $27 million.</P>

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

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Results of operations for the
period January &ndash; June 2017</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Sales</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; font-weight: bold; padding-right: 6pt">Sales analysis </TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt">Total sales YTD 2016</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;2,642</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt">Quantity</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;95</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt">Price</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(74)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt">Exchange rate</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(46)</P>
        </TD>
    <TD STYLE="text-align: center; vertical-align: top; padding-right: 6pt; padding-bottom: 3pt; border-bottom: Black 1pt solid; padding-top: 4pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt">Total sales YTD 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,617</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase derives mainly
from quantities of potash sold, mainly to Asia, North America and South America, clear brine solutions in ICL Industrial Products,
mainly to North America, from acids in ICL Advanced Additives and specialty agriculture products in ICL Specialty Fertilizers.
The increase was partly offset by a decrease in dairy proteins sales in ICL Food Specialties.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt 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">-</TD><TD><U>Price</U> &ndash; the decrease derives mainly from
a decline in the selling prices of phosphate fertilizers and phosphoric acid, together with a decline in the selling prices of
acids in ICL Advance Additives and different products mix of clear brine solutions sold in ICL Industrial Products.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt 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">-</TD><TD><U>Exchange rate</U> &ndash; the decrease derives
mainly from the devaluation of the euro and the Chinese yuan against the dollar compared to the corresponding period last year.</TD>
</TR></TABLE>

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


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The following table sets
forth sales by geographical regions based on the location of the customer:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="border-top: black 1pt solid; text-align: center; font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 48%; border-bottom: Black 1pt solid; text-align: center; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; background-color: white">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD NOWRAP STYLE="width: 13%; border-bottom: Black 1pt solid; background-color: white">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD NOWRAP STYLE="width: 13%; border-bottom: Black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">% of</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">sales</P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>

<TR>
    <TD STYLE="width: 51%; layout-grid-mode: char; font-size: 10pt; padding-right: 5pt">Europe</TD>
    <TD STYLE="width: 13%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;991</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 5pt"><FONT STYLE="font-size: 10pt">38</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;1,039</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 5pt"><FONT STYLE="font-size: 10pt">39</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 5pt">Asia</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;607</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 5pt"><FONT STYLE="font-size: 10pt">23</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;559</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 5pt">North America</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;570</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 5pt"><FONT STYLE="font-size: 10pt">22</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;549</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-size: 10pt">21</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 5pt">South America</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;292</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 5pt"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-size: 10pt">&nbsp;269</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 5pt">Rest of the world</TD>
    <TD STYLE="background-color: white; padding-right: 5pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">157</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 5pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">6</P>
        </TD>
    <TD STYLE="padding-right: 5pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">226</P>
        </TD>
    <TD STYLE="padding-right: 5pt">
        <P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">9</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 5pt">Total</TD>
    <TD STYLE="background-color: white; padding-right: 5pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,617</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 5pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">100</P>
        </TD>
    <TD STYLE="padding-right: 5pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">2,642</P>
        </TD>
    <TD STYLE="padding-right: 5pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double">100</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; padding-right: 5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The breakdown of the sales
in the six months ended June 30, 2017 shows a decrease in sales to Europe, deriving mainly from a decline in quantities and selling
prices of potash, a decline in phosphate fertilizers selling prices together with a decline in the quantities of phosphate rock
sold. This decrease was partly offset by an increase in ICL Specialty Solutions segment products, mainly clear brine solutions,
acids and P2S5. The increase in sales to Asia derives mainly from an increase in the quantities sold of potash, phosphoric acid,
dairy proteins, acids and specialty agriculture products. This increase was partly offset by a decrease in phosphate fertilizers
selling prices and in phosphate rock quantities sold. The increase in sales to North America derives mainly from an increase in
the quantities and selling prices of potash together with an increase in clear brines solutions and phosphate fertilizers quantities
sold. The increase in sales to South America derives mainly from an increase in potash selling prices and quantities sold. The
decrease in sales to the rest of the world derives mainly from a decrease in the quantities of dairy proteins products sold and
a decline in potash sales to an Israeli customer facing operational difficulties due to new local regulation.</P>

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


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Operating expenses</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; font-weight: bold; padding-right: 6pt">Operating expenses analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total operating expenses YTD 2016</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;2,386</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">Quantity</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;61</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt"><IMG SRC="uparrow-red.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">Exchange rate</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(27)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt"><IMG SRC="downarrow-green.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">Raw materials</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(33)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt"><IMG SRC="downarrow-green.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">Transportation</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;23</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt"><IMG SRC="uparrow-red.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt">Operational costs</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(48)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt"><IMG SRC="downarrow-green.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-weight: normal">Other</FONT></TD>
    <TD STYLE="padding-right: 6pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(5)</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-bottom: 3pt">
<IMG SRC="downarrow-green.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total operating expenses YTD 2017</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">2,357</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase in quantities-related
costs derives mainly from the increased quantities sold in ICL Potash, ICL Specialty Fertilizers, ICL Industrial Products and
ICL Advanced Additives.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from the devaluation of the euro, the Chinese yuan and the pound against the dollar, partly offset by the upward revaluation of
the shekel against the dollar compared to the corresponding period last year.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Raw materials</U> &ndash; the decrease derives mainly
from a decline in sulfur prices (used in ICL Phosphate and ICL Advanced Additives products) and a decline in commodity fertilizers
prices (used in ICL Specialty Fertilizers).</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Transportation</U> &ndash; the increase derives mainly
from an increase in transportation prices and from the increase in potash quantities sold.</TD>
</TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Operational costs</U> &ndash; the decrease derives
mainly from operational cost saving measures in YPH, including the impact of the early retirement program implemented in YPH last
year, and further G&amp;A reduction initiatives. See additional factors which contributed to the decrease compared to the corresponding
quarter last year under 'Adjustments to reported operating and net income' table above.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Other</U> &ndash; the decrease derives mainly from a capital gain due to the sale of an
                                                                              office building and insurance income in Israel, together with a provision recorded in the corresponding period last year
                                                                              resulting from extension of the employment agreement in ICL Dead Sea. This decrease was partly offset by insurance income
                                                                              received in the corresponding period last year.</TD>
</TR></TABLE>

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

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Adjusted operating income</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; font-weight: bold; padding-right: 6pt">Adjusted operating income analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total adjusted operating income YTD 2016</TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;278</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Quantity</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;34</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Price</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(74)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Exchange rate</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(19)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Raw materials</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;33</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Transportation</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(23)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Operational costs</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;35</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-weight: normal">Other</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">5</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 3pt">
<IMG SRC="up-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Total adjusted operating income YTD 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">269</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt; text-align: center; color: #4F81BD; font-weight: bold">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 21.3pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">*
See also &lsquo;Adjustments to reported operating and net income&rsquo; table above<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 21.3pt; text-align: left">&nbsp;</P>


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Financing expenses, net</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The net financing expenses
in the six months ended June 30, 2017 amounted to $63 million, compared with $68 million in the corresponding period last year
&ndash; a decrease of $5 million. The decrease includes a decline of about $38 million deriving from an increase in income in respect
of changes in the fair value of transactions hedging foreign currency, energy and marine shipping, net, partly offset by revaluation
of the net liabilities. On the other hand, there was an increase in the financing expenses, in the amount of about $33 million,
deriving mainly from fees paid with respect to early repayment of long-term loans in the amount of about $13 million, and from
exchange rate differences relating to provisions for employee benefits in the amount of about $15 million.</P>

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

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Tax expenses</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</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">The tax expenses in the
six months ended June 30, 2017 amounted to $83 million reflecting an effective tax rate of about 42%. The higher tax rate we see
in 2017 is mainly due to an increase in the on-going Israeli effective tax rate on our Israeli operations. In addition the upward
revaluation of the shekel against dollar had an impact on our tax expenses. The lower than usual effective tax rate in the corresponding
period last year was mainly due to recognition of deferred tax assets in the amount of $27 million.</P>

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


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.5pt; text-align: justify; text-indent: -42.5pt"><FONT STYLE="font-weight: normal">Segment
Information</FONT></P>

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.5pt; text-align: justify; text-indent: -42.5pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Segment revenues,
expenses and results include inter-segment transfers, which are priced based on transaction prices in the ordinary course of
business. These transfers are eliminated as part of consolidation of the financial statements. The segment income is measured
based on the operating income, without certain expenses that are not allocated to the  operating segments including general
and administrative expenses, as it is included in reports that are regularly reviewed by the chief operating decision
maker.</P>

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

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Specialty Solutions Segment</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">This segment includes three
business lines: ICL Industrial Products, ICL Advanced Additives and ICL Food Specialties. The segment targets industrial markets
and concentrates on achieving growth through a highly-tailored customer focus, product innovation and commercial excellence.</P>

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

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt"><U>Significant highlights and
business environment</U></P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">A. Industrial Products</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Seasonal-driven increased Chinese production resulted in a decrease in elemental
bromine prices in China during May through mid-June. However, stricter environmental regulations and heavy rains impacted Chinese
production, leading to a change in the trend and an increase in prices.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Stable to moderate growth in demand for bromine-based flame retardants.
ICL Industrial Products is continuing its efforts to secure long-term supply agreements for bromine-based flame retardants.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Stable demand for bromine in the Butyl rubber industry.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">A new flammability standard (CPR) in the wire &amp; cables for the building
&amp; construction market in Europe is driving higher demand for magnesium hydroxide-based flame retardants.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Higher sales of phosphorous-based flame retardants compared to the second
quarter of 2016, mostly as a result of higher pricing. Chinese production supply is stabilizing after supply interruptions of several
Chinese producers that faced stricter environmental regulations.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Demand for clear brine solutions continues to be soft as a result of the
low level of oil prices. Overall 2017 sales are expected to be in line with 2016.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Stable demand for magnesia products for industrial uses.</TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 42 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Specialty Solutions Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">B. Advanced
Additives</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: 0in">Total
Advanced Additives performance was favorable compared to the corresponding quarter last year and was impacted by several factors:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Global sales of salts
and acids increased by 4% compared to the corresponding quarter last year as higher acid sales volumes in China and Europe partially
offset price pressure resulting from declining merchant grade acid (MGA) market prices versus the previous year. The competitive
market environment in North America led to both volume and price pressure which adversely affected acid sales in the region, whereas
phosphate salts sales were stable compared to the corresponding quarter last year. The successful P2O5 growth strategy in China
is driven by YPH JV&rsquo;s increased market share for acid. This, coupled with higher salt volumes to the oral care market, resulted
in favorable revenue development in the region. Despite the economic downturn in Brazil, favorable demand for phosphate salts in
the water treatment and oral care markets, as well as higher acid exports to other South American countries, led to a slightly
improved performance in the region compared to the corresponding quarter of last year.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">P2S5 performance improved compared to the corresponding quarter last year,
mainly driven by higher demand from key customers in Europe. The increase in sales was also favorably impacted by plant turnarounds
of major customers in the corresponding quarter last year.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">The Fire Safety sub-business line performance was positively impacted by
wildfire activity in North America and Europe towards the end of the quarter. The Class B foam business is showing continuing sales
growth in both existing and new regions. As a result, fire safety sales were favorable compared to the corresponding quarter last
year.</TD></TR></TABLE>

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

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">C. Food
Specialties</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">New local regulations for organic infant food in China, as discussed in
Q1, are continuing to drive lower sales in dairy proteins and negatively impacted ICL Food Specialties&rsquo; sales performance
compared to the corresponding quarter last year. However, organic infant food sales increased in the second quarter compared to
the previous quarter as a result of strengthening and establishing new commercial relationships with other customers in China and
Europe. The general assessment of the Chinese infant food market remains positive and ICL Food Specialties is expecting further
recovery during the second half of the year.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">ICL Food Specialties&rsquo; phosphates business remained under pressure
as the competitive business environment in North America and Europe was only partly offset by a recovery in sales in South America.
The price increases in North America announced during the quarter had a favorable impact on the quarter&rsquo;s revenues, and are
expected to have a further positive impact during the second half of the year. Sales volumes in Europe were flat compared to the
corresponding quarter last year, while sales in Russia decreased due to a transition process to a new distributor.</TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 43 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Specialty Solutions Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Sales volumes of integrated solutions and new products have continued to
grow consecutively and year over year as the business line continues to launch new products globally. Moreover, increased orders
during the quarter are adding to the positive outlook for the rest of 2017.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 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: 21.3pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Devaluation of the euro, British pound and Mexican peso against the dollar
negatively impacted ICL Food Specialties&rsquo; results in the quarter.</TD></TR></TABLE>

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

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 28.35pt">Results of Operations
&ndash; Specialty Solutions Segment</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 41%; border-top: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD></TR>

<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Industrial Products</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;291</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;294</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;601</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;562</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;1,120</B></FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;Sales to external customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;287</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;292</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;595</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;559</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,111</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;Sales to internal customers</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;4</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;6</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Advanced Additives</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;208</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;206</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;377</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;369</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;798</B></FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;Sales to external customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;195</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;193</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;350</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;337</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;732</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;Sales to internal customers</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;13</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;13</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;27</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;32</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;66</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Food Specialties</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;147</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;174</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;285</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;336</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;659</B></FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;Sales to external customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;143</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;170</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;279</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;329</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;650</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;Sales to internal customers</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;4</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;4</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;6</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal">Setoffs</FONT></TD>
    <TD STYLE="background-color: white">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(6)</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="border-bottom: Black 0.5pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(7)</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid"><B>(10)</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="border-bottom: Black 0.5pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(16)</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="border-bottom: Black 0.5pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">(24)</P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total segment sales</B></FONT></TD>
    <TD STYLE="background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">640</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>667</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,253</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>1,251</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>2,553</B></P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Operating income </B></FONT></TD>
    <TD STYLE="background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">135</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>136</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">250</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>242</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>534</B></P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">*
Following internal business alignment, the Specialty Solutions segment sales include revenues for the Specialty Minerals sub-business
line as part of ICL Industrial Products, which were presented in ICL Advanced Additives in prior periods.</P>

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


<!-- Field: Page; Sequence: 44 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Specialty Solutions Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Results of operations for the
period April &ndash; June 2017</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 31%; border-top: black 1pt solid; layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Sales analysis</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Industrial Products</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Advanced Additives</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Food Specialties</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Setoff</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Segment Total</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt"><FONT STYLE="font-size: 10pt; color: windowtext"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Total
    sales Q2 2016</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;294</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;206</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;174</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;(7)</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;667</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(3)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;8</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(26)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(20)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(3)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(1)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(2)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Exchange rate</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(2)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(3)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(1)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">1</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(5)</FONT></P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-top: 4pt; padding-bottom: 0pt; padding-right: 6pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">Total sales Q2 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">291</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">208</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">147</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(6)</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">640</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the decrease derives mainly from
the decrease in dairy protein quantities sold in ICL Food Specialties (which was slightly offset by an increase in quantities
of new products sold). This decrease was partly offset by an increase in quantities sold in the acids sub-business line of ICL
Advanced Additives. See also &lsquo;Significant highlights and business environment&rsquo; section.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives from lower
selling prices of acids in ICL Advanced Additives.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from devaluation of the euro against the dollar compared to the corresponding quarter last year.</TD>
</TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">Operating income analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center; padding-right: 6pt">$ millions</TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-size: 10pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total operating income Q2 2016</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;136</B></FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Quantity</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="horizontal-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Price</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(2)</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Exchange rate</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(6)</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Raw materials</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Transportation</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 0pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; padding-bottom: 2pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">-</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 2pt">
<IMG SRC="horizontal-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total operating income Q2 2017</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">135</P>
        </TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; color: #4F81BD; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; in ICL Advanced Additives there
was an increase deriving from the acids sub-business line which was fully offset by the decrease in the dairy proteins sub-business
line in ICL Food Specialties.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives from lower
selling prices of acids in ICL Advanced Additives.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from devaluation of the euro against the dollar which decreased revenues, coupled with the upward revaluation of the shekel against
the dollar, which increased production costs.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Raw materials</U> &ndash; the increase derives mainly
from a decrease in sulfur prices used for products of ICL Advanced Additives.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 45 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Specialty Solutions Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Results of operations for the
period January &ndash; June 2017</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 31%; border-top: black 1pt solid; layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Sales analysis</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Industrial Products</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Advanced Additives</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Food Specialties</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Setoff</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Segment Total</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt"><FONT STYLE="font-size: 10pt; color: windowtext"><B>$ millions</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Total
    sales YTD 2016</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;562</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;369</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;336</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;(16)</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;1,251</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;48</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;25</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(45)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;34</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(7)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(10)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(1)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;1</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(17)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Exchange rate</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(2)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(7)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(5)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(1)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(15)</FONT></P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-top: 4pt; padding-right: 6pt; padding-bottom: 1pt">


<IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt">Total sales YTD 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">601</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">377</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">285</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(10)</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,253</P>
        </TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase derives mainly from
an increase in sales of clear brine solutions quantities, together with bromine-based flame retardants and elemental bromine in
ICL Industrial Products and from an increase in quantities sold in the acids and P2S5 sub-business lines of ICL Advanced Additives.
This increase was partly offset by the decrease in dairy proteins quantities sold in ICL Food Specialties (which was slightly
offset by an increase in quantities of new products sold). See also &lsquo;Significant highlights and business environment&rsquo;
section.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives mainly from
a decrease in the selling prices of acids in ICL Advanced Additives and the products mix of clear brine solutions sold in ICL
Industrial Products.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from the devaluation of the euro against the dollar compared to the corresponding period last year.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 46 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Specialty Solutions Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">Operating income analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center; padding-right: 6pt">$ millions</TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-size: 10pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total operating income YTD 2016</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;242</B></FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Quantity</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;35</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Price</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(17)</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Exchange rate</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(12)</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Raw materials</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;14</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Transportation</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: right; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt"><IMG SRC="horizontal-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; padding-right: 6pt; padding-top: 4pt; padding-bottom: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(12)</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 1pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt">Total operating income YTD 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">250</P>
        </TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt; color: #4F81BD; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase derives mainly from
the quantities of clear brine solutions, bromine-based flame retardants and elemental bromine sold in ICL Industrial Products,
together with an increase of acids and P2S5 products sold in ICL Advanced Additives.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives mainly from
lower selling prices of acids in ICL Advanced Additives and different products mix of clear brine solutions sold in ICL Industrial
Products.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from devaluation of the euro against the dollar, which decreased revenues, and the upward revaluation of the shekel against the
dollar, which increased production costs.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Raw materials</U> &ndash; the increase derives mainly
from a decrease in the prices of sulfur used for products of ICL Advanced Additives.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">-</FONT></TD><TD STYLE="text-align: justify"><U>Other</U> &ndash; the decrease derives from, among
other things, an increase in royalties paid as a result of the increase in sales.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 47 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Specialty Solutions Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Essential Minerals Segment</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><FONT STYLE="color: #222222">This
segment includes </FONT>three business lines: <FONT STYLE="color: #222222">ICL Potash &amp; Magnesium, ICL Phosphate and </FONT>ICL
Specialty Fertilizers<FONT STYLE="color: #222222">. The segment </FONT>targets the Agro markets and <FONT STYLE="color: #222222">focuses
on efficiency, process innovation and operational excellence.</FONT></P>

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

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Business environment overview</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Since the second half of 2016, the economic activity of the developed
                                                                                                              countries has shown signs of recovery. Global growth is expected, by the FAO (Food and Agriculture Organization of the UN), to
                                                                                                              continue                                                                                                               to
                                                                                                              increase
                                                                                                              slowly                                                                                                               beyond
                                                                                                              2017                                                                                                                and
                                                                                                              is                                                                                                               expected
                                                                                                              to                                                                                                               reach 3.8%
                                                                                                              by                                                                                                               2022. Growth
                                                                                                              in emerging and developing economies, where output is projected to increase at up to
                                                                                                              5% annually by 2022, is adding support to these assumptions. Developed countries are expected, by the FAO, to show a more
                                                                                                              modest
                                                                                                              medium-term growth rate of 1.7% by 2022.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Based on the WASDE report published by the USDA in July&nbsp;2017, a small
decrease is expected in the ratio of the inventories of grains to annual consumption, to 23.8% at the end of the 2017/2018&nbsp;agricultural
year, compared to 24.9% at the end of both the 2016/2017 and the 2015/2016 agricultural years.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Early prospects for 2017/2018 indicate a decline in cereal production, driven
by coarse grains and wheat. Cereal inventories, which have increased in the past four consecutive years are expected to show a
moderate decline in the current season. Therefore, prices are projected to remain low in the short term.</TD></TR></TABLE>

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

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-align: left">Significant highlights and business
environment</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #4181BD"><B>A.</B></FONT></TD><TD><FONT STYLE="color: #4181BD"><B>Potash and Magnesium</B></FONT></TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">The conclusion of the new MOP contract in China, agreed upon by Uralkali
and a consortium of Chinese buyers on July 13, at an $11 per tonne increase, is expected to set a new benchmark price in the market.
The first contract that was affected is the contract in India, which ended in June 2017. On July 28, Uralkali signed a new contract
to supply potash to Indian Potash Limited (IPL) at $240 per tonne CFR (a $13 per tonne increase from the 2016/2017 contract), with
180 days&rsquo; credit, from August 2017 through June 2018. However, in the long term, market prices for potash would also depend
on the behavior of major producers in light of the new capacity introduced to the market by the K+S Bethune mine, which produced
its first salable product during July 2017.</TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">On July 2017, ICL has signed several contracts with its customers in China
to supply an aggregate 925,000 tonnes of potash for delivery during 2017. The selling prices stipulated in the contracts are in
line with the new contract prices in China mentioned above. The contracts are part of three-year framework agreements between ICL
and its Chinese customers.</TD></TR></TABLE>

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



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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">According to Customs data, China imported about 3.914 million tonnes of
potash during the first half of 2017, about 16% more than during the corresponding period last year.</TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Potash imports into India during the first half of 2017 amounted to 2.187
million tonnes, a 78% increase over the corresponding period last year. The sharp increase derives from the importers&rsquo; projection
of higher prices in the 2017/2018 contract and the 20% (about $28 per tonne) reduction of the NBS (Nutrient Based Subsidy) during
the 2017/2018 fiscal year (starting April 1, 2017). The reduction of the NBS may impose an additional challenge to the sales of
potash to local farmers. However, the potash to nitrogen fertilizer ratio (K to N) in India is already considered very low, hence
a further reduction in that ratio could have an adverse effect on yields. Therefore, we don&rsquo;t anticipate a significant decline
in demand for potash. During the second quarter of 2017, ICL continued its potash deliveries under the 2016 supply contracts, which
ended in June 2017.</TD></TR></TABLE>

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



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


<!-- Field: Page; Sequence: 48 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Demand for potash in Brazil was particularly strong. According to ANDA (Brazilian
National Fertilizer Association), potash imports into Brazil during the first half of 2017 amounted to 4.3 million tonnes, a 10%
increase over the corresponding period last year. Although imports are high, local sales are slightly lower, and inventories are
on the rise.</TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">ICL UK resumed its potash production in the beginning of the second quarter
of 2017 after suspending the potash operations in the first quarter of 2017 due to an operational breakdown in the mine tailings
channel. Total 2017 production is expected to remain as planned at the level of about 290 thousand tonnes. Production of polysulphate
was not affected and ICL Potash &amp; Magnesium is continuing to develop new polysulphate-based products and new markets.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Further to Note 20 to the Annual Financial Statements, on
                                                                                                                June&nbsp;30, 2017, the Supreme Court determined that the permit to pile up the salt in Sallent, which includes certain conditions,
                                                                                                                will be
                                                                                                                extended by
                                                                                                                one                                                                                                                 year, up
                                                                                                                to
                                                                                                                June&nbsp;30, 2018. In addition, the Court determined that before March
                                                                                                                31, 2018, the Company will be entitled to request an extension for an additional year, up to June&nbsp;30, 2019. With
                                                                                                                respect                                                                                                                 to
                                                                                                                the extension for the second year, the Court determined that the competent authorities are permitted to provide conditions
                                                                                                                for granting an extension as stated.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In April 2017, after receiving all the permits for execution of the Salt
Harvesting with the Government of Israel, ICL&rsquo;s Board of Directors approved a budget of about $280 million to further proceed
with the execution of the Salt Harvesting in the Dead Sea. This budget which is part of the Salt Harvesting project, will be executed
over the next 13 years, and constitutes ICL&rsquo;s share (80%) in the cost of performing this part. For more information, see
&ldquo;Item 4. Information on the Company&mdash;D. Property, Plant and Equipment&mdash;Mineral Extraction and Mining Operations&mdash;The
Dead Sea&rdquo; in our Annual Report on Form 20-F for the year ended December 31, 2016.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Metal magnesium &ndash; global demand for magnesium continues to be constrained
by lower economic activity in China, Brazil and Europe. Chinese exports were lower during the quarter, however remained above those
recorded during the corresponding quarter last year. Additionally, consumption is being displaced as key sectors, such as primary
aluminum and titanium production, are shifting to other markets, including Asia and Canada. Chinese price indicators showed recovery
toward the end of the quarter returning to the $2,220 level. Pure magnesium prices in the US market remain under pressure as a
consequence of changes in the supply dynamics.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.45pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">During the second quarter of 2017, ICL Dead Sea continued commissioning
the new power plant. Currently, the gas turbine is operational and connected to the national grid, while the steam turbine is still
under commissioning. The existing power plant will continue to operate until the new power plant is fully operational.</TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 49 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #4F81BD; font: bold 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">B.</TD><TD>Phosphate</TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">With the exception of Brazil, where strong imports of MAP were recorded,
demand for phosphate remained relatively low worldwide and prices continued their downward trend. Suppliers of phosphate fertilizers
(DAP, MAP and TSP) were forced to accept lower prices in order to generate new sales, as demand was insufficient to absorb availability.
Supply from the recently commissioned OCP phosphate hub and China being out of season, are diverting more products to international
trade markets.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In India, high inventories, increased domestic production and lower sales
resulted in a reduction of DAP imports during the 2016/2017 financial year (April 2016 to March 2017). During that period, local
production increased to 4.3 million tonnes, 0.5 million tonnes more than during the corresponding period a year earlier. Domestic
sales decreased from 9.8 to 8.8 million tonnes and imports were down from 5.6 to 4.4 million tonnes. Imports during the first three
months of the 2017/2018 financial year (April 2017 to March 2018) have declined to 1.098 million tonnes from 1.558 million tonnes
imported in the corresponding period a year earlier.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Phosphoric acid (100% P<SUB>2</SUB>O<SUB>5</SUB>) contracts in India for
the third and fourth quarters of 2017 were set at $567 per tonne CFR including 30 days&rsquo; credit, a $23 per tonne decrease
from the second quarter contract price. It is however quite common that the price of acid is affected by seasonal pressure during
the last quarter of the year.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Exports of phosphate fertilizers from China increased substantially in the
first half of 2017, despite continued talk of production curtailments. During January to June 2017 China exported 4.035 million
tonnes of phosphate fertilizers (DAP, MAP and TSP), a 26% increase over the corresponding period last year.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Over-supply in the domestic market in China along with lower international
prices continue to negatively affect the results of the YPH JV in China. Nevertheless, in the second quarter of 2017 the results
of YPH significantly improved, driven by lower exposure to commodity fertilizers and a shift to specialty products, as well as
by implementation of efficiency and cost reduction program.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Brazilian imports of phosphate fertilizers (MAP, DAP, TSP &amp; SSP) during
the first half of 2017 amounted to 2.642 million tonnes, a 26.6% increase over the corresponding period last year. The increase
is attributable mainly to higher planted areas of soybeans and improvement in farmers&rsquo; profitability. The MAP CFR Brazil
price in the first half of 2017 was stable to firm, with a moderate decline in July. At an average price of $355 CFR, July 2017
price is practically equal to the average price in the third quarter of 2016. The TSP CFR Brazil price in July 2017 is just 1%
below the price in the third quarter of 2016.</TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 50 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->


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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">The United States phosphate market is between the spring season and the
summer fill for the next fall season. DAP imports in January to May 2017 amounted to about 396 thousand tonnes compared to about
302 thousand tonnes in the corresponding period last year. MAP imports amounted to about 490 thousand tonnes compared to about
410 thousand tonnes in the corresponding period last year<I>.</I> Despite the pressure on phosphate prices, most markets west of
the Suez are showing stability.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">On June 30, 2017, there was a partial collapse of the dyke in Pond&nbsp;3
in the plants of Rotem Amfert Israel, which is used for accumulation of phosphogypsum water that is created as a by-product of
the production processes. The Company ceased immediately use of the active phosphogypsum ponds. On July 3, 2017, the Company returned
to production at full capacity under a temporary approval to activate Pond 4 by the Ministry of Environmental Protection. The Company
was instructed by the Ministry of Environmental Protection to submit a plan within the next few months relating to the future operation
of the phosphogypsum water ponds. To the best of the Company&rsquo;s knowledge, investigations have been commenced by the Ministry
of Environmental Protection and the Israeli authorities.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 46.4pt"></TD><TD STYLE="width: 17.4pt"><FONT STYLE="font-family: Symbol"></FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">The
Company is taking action to explore solutions for, among other things, restoration of the ponds in the short- and long-term and
to rectify any environmental harm caused, to the extent required. The Company&rsquo;s actions are being carried out in full coordination
and close cooperation with the Israeli environmental authorities, including the Ministry of Environmental Protection and the Nature
and National Parks Authority. The Company is committed to environmental responsibility, and for years has worked closely with
the Israeli&rsquo;s environmental authorities to maintain the Negev&rsquo;s natural reserves in the area of its facilities.  <FONT STYLE="background-color: White">For
further information, including the applications for class action claims, see Note 6 to the Company&rsquo;s condensed consolidated
interim financial statements as at June 30, 2017.</FONT></TD></TR></TABLE>

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

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

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



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


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="color: #4181BD"><B>C.</B></FONT></TD><TD><FONT STYLE="color: #4181BD"><B>Specialty Fertilizers</B></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">The first half of 2017 was very strong in terms of quantities sold compared
to the corresponding period, offsetting the negative impact of the exchange rates, the deflating prices effects and the ammonia
shortage.</TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">ICL Specialty Fertilizers&rsquo; second quarter sales were largely flat
compared to the corresponding quarter in 2016, as higher sales volumes and profitability in the European and Asia Pacific regions,
especially in the water soluble NPK (WSNPK) product line, were offset by competitive price pressures. The increase in profitability
also derives from the implementation of cost reduction initiatives and the slightly higher market prices of the end customers&rsquo;
crops.</TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">During the second quarter, the business line was negatively impacted by
the Israeli ammonia shortage, which led to lower sales and profitability of ammonia-based products in Israel and out of Israel
(mainly in North America).</TD></TR></TABLE>

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



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


<!-- Field: Page; Sequence: 51 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->


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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Higher demand in the ornamental horticulture markets, mainly in the European
and Asia Pacific regions, drove an increase in sales and margins compared to the corresponding quarter in 2016, which was partially
offset by a decrease in sales to North America, mainly in coated fertilizers<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>.</I></FONT></TD></TR></TABLE>

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



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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">A global increase in demand for MKP fertilizers was recorded during the
second quarter compared to the corresponding quarter in 2016. However, market prices were still low, Increased interest and orders
were recorded in the beginning of the third quarter.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In the Asia Pacific region, ICL Specialty Fertilizers&rsquo; sales in the
first half of 2017 increased by over 30% compared to the corresponding period in 2016, primarily due to higher sales volumes of
straights fertilizers (MAP) and coated fertilizers, partially compensating for the overall lower production of MAP as a result
of the ammonia supply interruptions by Haifa Chemicals.</TD></TR></TABLE>

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

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Results
of Operations - Essential Minerals Segment</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 41%; border-top: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">$</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">millions</P></TD></TR>

<TR>
    <TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal"><B>Potash &amp; Magnesium</B></FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;314</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;299</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;597</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;572</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;1,338</B></FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">&nbsp;&nbsp;&nbsp;Sales to external customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;279</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;263</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;532</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;504</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,213</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">&nbsp;&nbsp;&nbsp;Sales to internal customers</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;35</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;36</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;65</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;68</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;125</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-style: normal"><B>Phosphate</B></FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;264</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;319</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;556</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;618</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;1,163</B></FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">&nbsp;&nbsp;&nbsp;Sales to external customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;220</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;262</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;467</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;511</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;966</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">&nbsp;&nbsp;&nbsp;Sales to internal customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;44</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;57</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;89</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;107</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;197</FONT></TD></TR>
<TR>
    <TD STYLE="border-top: black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-style: normal"><B>Specialty Fertilizers</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;190</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;189</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;382</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;377</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt"><B>&nbsp;661</B></FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">&nbsp;&nbsp;&nbsp;Sales to external customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;188</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;184</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;374</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;364</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;632</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">&nbsp;&nbsp;&nbsp;Sales to internal customers</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;2</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;5</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;8</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;13</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;29</FONT></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-style: normal"><B>Setoffs</B></FONT></TD>
    <TD STYLE="background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(32)</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>(42)</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">(65)</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>(79)</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid"><B>(126)</B></P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal"><B>Total segment sales</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">736</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>765</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,470</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>1,488</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>3,036</B></P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal"><B>Operating income </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">81</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>113</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">147</P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>206</B></P>
        </TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 2.5pt double"><B>398</B></P>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">For
additional details regarding potash &ndash; see &lsquo;Potash &ndash; Stand-Alone Activities'.</P>

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


<!-- Field: Page; Sequence: 52 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Results of operations for the
period April &ndash; June 2017</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 31%; border-top: black 1pt solid; layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Sales analysis</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Potash &amp; Magnesium</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Phosphate</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Specialty Fertilizers</FONT></TD>
    <TD STYLE="width: 9%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Setoff</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Segment Total</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt"><FONT STYLE="font-size: 10pt; color: windowtext"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Total
    sales Q2 2016</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;299</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;319</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;189</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;(42)</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;765</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(38)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;7</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(4)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(3)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(11)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(4)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;3</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt; padding-bottom: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Exchange rate</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(2)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(6)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(2)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">-</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(10)</FONT></P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 1pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt">Total sales Q2 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">314</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">264</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">190</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(32)</P>
        </TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">736</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the decrease derives mainly from
a decline in phosphate fertilizers and phosphate rock quantities sold, which was partly offset by an increase in potash sales
(mainly to Asia and South America) and an increase in the quantities of ICL Specialty Fertilizers products sold.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives mainly from
a decline in phosphate fertilizers and phosphoric acid selling prices, lower prices of commodity fertilizers and a decline in
potash and magnesium selling prices.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from the devaluation of the euro, the Chinese yuan and the pound against the dollar compared to the corresponding quarter last
year.</TD>
</TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">Operating income analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total operating income Q2 2016</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;113</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg" STYLE="width: 16px; height: 21px"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(15)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg" STYLE="width: 17px; height: 21px"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exchange rate</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(6)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg" STYLE="width: 18px; height: 21px"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Raw materials</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;2</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Transportation</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(1)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Other</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid"><FONT STYLE="font-weight: normal">(14)</FONT></P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-top: 4pt; padding-right: 6pt; padding-bottom: 3pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt">Total operating income Q2 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">81</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase in quantities of potash sold (mainly to Asia and South
                                                                              America) and the increase in quantities of ICL Specialty Fertilizers products, was offset by a decrease in phosphate
                                                                              fertilizers and phosphate rock quantities sold.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives mainly from
a decline in phosphate fertilizers and phosphoric acid selling prices, lower prices of commodity fertilizers and a decline in
potash and magnesium selling prices.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from the upward revaluation of the Israeli shekel against the dollar.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Other</U> &ndash; the decrease derives mainly from
insurance income received in the corresponding quarter in 2016 in respect of the fire in a fertilizer production facility in Israel.
The decrease was partly offset by a provision recorded in the corresponding quarter last year resulting from extension of the
employment agreement in ICL Dead Sea.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 53 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">Results of operations for the
period January &ndash; June 2017</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 34%; border-top: black 1pt solid; layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Sales analysis</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Potash &amp; Magnesium</FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Phosphate</FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Specialty Fertilizers</FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Setoff</FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">Segment Total</FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt"><FONT STYLE="font-size: 10pt; color: windowtext"><B>$ millions</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Total sales YTD
    2016</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;572</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;618</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;377</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;(79)</B></FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;1,488</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;44</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(3)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;22</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;9</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;72</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(9)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(47)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(11)</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;6</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(61)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal; color: windowtext">Exchange rate</FONT></TD>
    <TD STYLE="padding-right: 6pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(10)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(12)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(6)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(1)</FONT></P>
        </TD>
    <TD STYLE="padding-right: 6pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-weight: normal">(29)</FONT></P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-bottom: 3pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total sales YTD 2017</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">597</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">556</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">382</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">(65)</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">1,470</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase derives mainly from
an increase in potash sales (mainly to Asia, North and South America) and from an increase in the quantities of specialty agriculture
products sold to Asia and Europe.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives mainly from
a decline in phosphate fertilizers and phosphoric acid selling prices, lower prices of commodity fertilizers and a decline in
potash and magnesium selling prices.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from the devaluation of the euro, the Chinese yuan and the pound against the dollar compared to the corresponding period last
year.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 54 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">Operating income analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total operating income YTD 2016</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;206</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;13</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(61)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exchange rate</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(9)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Raw materials</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;22</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Transportation</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(23)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Other</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid"><FONT STYLE="font-weight: normal">(1)</FONT></P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-top: 4pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt">Total operating income YTD 2017</TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">147</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase derives mainly from
potash sales (mainly to Asia, North and South America) and an increase in the quantities of ICL Specialty Fertilizers products
sold.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives mainly from
a decline in phosphate fertilizers and phosphoric acid selling prices, lower prices of commodity fertilizers and a decline in
potash and magnesium selling prices.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Exchange rate</U> &ndash; the decrease derives mainly
from the upward revaluation of the Israeli shekel against the dollar compared to the corresponding period last year.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Raw materials</U> &ndash; the increase derives mainly
from a decline in sulfur prices (used in the green phosphoric acid production) and a decline in commodity fertilizers prices (used
for products of ICL Specialty Fertilizers).</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Transportation</U> &ndash; the decrease derives mainly
from an increase in transportation prices and from the increase in quantities sold.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 55 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D"></FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Phosphate &ndash; Production
and Sales</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 45%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt">Thousands of Tonnes</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; font-size: 10pt; font-weight: bold; text-align: center">4-6/2017</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">4-6/2016</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; font-size: 10pt; font-weight: bold; text-align: center">1-6/2017</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">1-6/2016</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">2016</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 45%; font-size: 10pt"><B>Phosphate rock</B></TD>
    <TD STYLE="width: 11%; background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 11%; background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Production of rock</FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,284</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,553</FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2,683</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2,894</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">5,744</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Sales *</FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;83</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;195</FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;242</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;558</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,032</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 5.65pt; text-align: left; font-size: 11pt; text-indent: -5.65pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Phosphate rock used for internal purposes</FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,088</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,116</FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;2,184</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,867</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;4,099</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-style: normal"><B>Phosphate fertilizers</B></FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Production</FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;479</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;586</FONT></TD>
    <TD STYLE="background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,049</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,158</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,725</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify; font-size: 11pt; padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Sales *</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;577</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;713</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; font-size: 10pt; color: #4F81BD; font-weight: bold; text-align: right; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,226</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,218</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">2,645</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><B>Production
and Sales</B></P>

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

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">4-6/2017</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Sales
of </U></FONT><U>phosphate rock</U> &ndash; the quantity of phosphate rock sold in the second quarter of 2017 was 112 thousand
tonnes lower than in the corresponding quarter last year, due to low global demand and challenging prices environment<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>.</I></FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="color: #1F497D">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Production
of </U></FONT><U>phosphate rock</U> &ndash; in the second quarter of 2017, production of phosphate rock was lower by 269 thousand
tonnes than in the corresponding quarter last year, mainly due to production optimization process in YPH and adjusting production
volumes to the business environment, at ICL Rotem.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Sales
                                                                              of</U></FONT><U> phosphate <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">fertilizers </FONT></U>&ndash;
                                                                              the quantity of phosphate fertilizers sold in the second quarter of 2017 was 136 thousand tonnes lower than in the
                                                                              corresponding quarter last year, mainly due to a decrease in sales to Asia and South America.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Production
of </U></FONT><U>phosphate <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">fertilizers</FONT></U>
&ndash; in the second quarter of 2017, production of phosphate fertilizers was lower by 107 thousand tonnes than in the corresponding
quarter last year, mainly due to decreased production in YPH, as a result of implementation of efficiency measures and acceleration
of the shift to specialty products.</TD>
</TR></TABLE>

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

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">1-6/2017</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Sales
of </U></FONT><U>phosphate rock</U> &ndash; the quantity of phosphate rock sold in the six months ended on June 30, 2017 was 316
thousand tonnes lower than in the corresponding period last year, due to low global demand and challenging prices environment<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>.</I></FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Production of </U></FONT><U>phosphate
                                                                              rock</U> &ndash; in the six months ended on June 30, 2017, production of phosphate rock was lower by 211 thousand tonnes than
                                                                              in the corresponding period last year, mainly due to production optimization process in YPH and adjusting production volumes
                                                                              to the business environment, at ICL Rotem.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Sales
of</U></FONT><U> phosphate <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">fertilizers </FONT></U>&ndash;
the quantity of phosphate&nbsp;fertilizers sold in the six months ended on June 30, 2017 was 8 thousand tonnes higher than in the corresponding
period last year.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Production
of </U></FONT><U>phosphate <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">fertilizers</FONT></U>
&ndash; in the six months ended on June 30, 2017, production of phosphate fertilizers was lower by 109 thousand tonnes than in
the corresponding period last year, mainly due to decreased production in YPH, as a result of implementation of efficiency measures
and acceleration of the shift to specialty products.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 56 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt"><B>Potash &ndash; Stand-Alone Activities</B></P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 14.2pt">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Key Figures
&ndash; Additional Information</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 96%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 41%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">Millions of dollars</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD STYLE="width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: normal; font-style: normal">Average
    potash selling price per tonne&nbsp;- FOB (in $)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>&nbsp;216</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;221</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;216</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;225</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">211</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Sales to external customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>&nbsp;261</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;242</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;492</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;463</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,134</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Sales to internal customers *</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>&nbsp;41</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;43</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;78</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;83</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">151</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Total Sales</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>&nbsp;302</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;285</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;570</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;546</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;1,285</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Gross Profit</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>&nbsp;125</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;112</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;209</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;199</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;513</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Operating income </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD"><FONT STYLE="font-size: 10pt"><B>&nbsp;65</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;65</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;106</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;116</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">291</FONT></TD></TR>
</TABLE><BR STYLE="clear: both">
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 28.35pt; text-indent: 0in; text-align: justify"><I>*
</I>Sales to other business lines of ICL including the Magnesium business.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 28.35pt; text-indent: 0in; text-align: justify">The
potash stand-alone activities include, among others, polysulphate produced in a mine in the UK and salt produced in underground
mines in UK and Spain.</P>

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

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Results
of operations for the period April &ndash; June 2017</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 96%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Sales analysis</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-style: normal">Total
    sales Q2 2016</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;285</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;20</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(1)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Exchange rate</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(2)</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-top: 4pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt">Total sales Q2 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">302</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0pt; text-align: center; color: #4F81BD">&nbsp;</TD></TR>
</TABLE><BR STYLE="clear: both">

<!-- Field: Page; Sequence: 57 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;Operating income</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-style: normal">Total
    operating income Q2 2016</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;65</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;12</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(1)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Exchange rate</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="horizontal-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Raw materials</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="horizontal-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Transportation</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-right: 6pt; padding-top: 4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(8)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Other</FONT></TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(3)</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-top: 4pt; padding-bottom: 4pt">
<IMG SRC="down-arrow.jpg" STYLE="width: 17px; height: 21px"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-top: 4pt">Total operating income Q2 2017</TD>
    <TD STYLE="padding-right: 6pt; padding-top: 4pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">65</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt; padding-top: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase derives from potash
sales mainly to Asia and South America.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Transportation</U> &ndash; the decrease derives mainly
from an increase in transportation prices and an increase in quantities of potash sold.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 58 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">Results
of operations for the period January &ndash; June 2017</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 28.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; font-size: 10pt; font-weight: bold; padding-right: 6pt">Sales analysis</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold; padding-right: 6pt">$ millions</TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left; font-size: 10pt; font-weight: bold; padding-top: 4pt; padding-right: 6pt">Total sales YTD 2016</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>&nbsp;546</B></FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-top: 4pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-top: 4pt; padding-right: 6pt">Quantity</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;39</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-top: 4pt; padding-right: 6pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-top: 4pt; padding-right: 6pt">Price</TD>
    <TD STYLE="text-align: right; color: #4F81BD; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;(6)</FONT></TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-top: 4pt; padding-right: 6pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; padding-top: 4pt; padding-right: 6pt; padding-bottom: 1pt">Exchange rate</TD>
    <TD STYLE="padding-top: 4pt; padding-right: 6pt; text-align: right; vertical-align: bottom; padding-bottom: 1pt">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(10)</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt; padding-bottom: 1pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; font-weight: bold; padding-top: 4pt; padding-right: 6pt">Total sales YTD 2017</TD>
    <TD STYLE="padding-top: 4pt; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">569</P>
        </TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-top: 4pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; text-align: left; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: center; color: #4F81BD; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 72%; border-top: black 1pt solid; border-bottom: black 1pt solid; layout-grid-mode: char; font-size: 10pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Operating income analysis</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">$ millions</FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-top: 4pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total operating income YTD 2016</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;116</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-top: 4pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Quantity</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;18</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-top: 4pt; padding-right: 6pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Price</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;(6)</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-top: 4pt; padding-right: 6pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exchange rate</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;1</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-top: 4pt; padding-right: 6pt"><IMG SRC="up-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Raw materials</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; font-weight: normal">-</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-top: 4pt; padding-right: 6pt"><IMG SRC="horizontal-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="layout-grid-mode: char; font-size: 10pt; padding-top: 4pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Transportation</FONT></TD>
    <TD STYLE="text-align: right; color: #4F81BD; font-weight: bold; padding-top: 4pt; padding-right: 6pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; font-weight: normal">&nbsp;(22)</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-top: 4pt; padding-right: 6pt"><IMG SRC="down-arrow.jpg"></TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-top: 4pt; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal">Other</FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-right: 6pt; text-align: right; vertical-align: bottom">
        <P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; border-bottom: black 0.5pt solid">(1)</P>
        </TD>
    <TD STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; border-bottom: black 0.5pt solid; margin-bottom: 0pt; text-align: center; padding-right: 6pt">
<IMG SRC="down-arrow.jpg"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-top: 4pt; padding-right: 6pt">Total operating income YTD 2017</TD>
    <TD STYLE="padding-top: 4pt; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 2.5pt double">106</P>
        </TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-top: 4pt; padding-right: 6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; color: #4F81BD; text-align: center; padding-right: 6pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Quantity</U> &ndash; the increase derives from potash
sales mainly to Asia, North and South America.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Price</U> &ndash; the decrease derives from a decline
in potash selling prices.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><U>Transportation</U> &ndash; the decrease derives mainly
from an increase in transportation prices and an increase in quantities of potash sold.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt">&nbsp;</P>


<!-- Field: Page; Sequence: 59 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">Potash &ndash; Production
and Sales</P>

<P STYLE="color: #4F81BD; font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt">Thousands of Tonnes</TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2017</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">4-6/2016</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: white; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2017</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">1-6/2016</FONT></TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">2016</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Production</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,232</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,363</FONT></TD>
    <TD STYLE="width: 12%; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,289</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,711</FONT></TD>
    <TD STYLE="width: 12%; text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5,279</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Sales to external customers</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,051</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,010</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,993</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,893</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;4,818</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Sales to internal customers</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">80</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">114</P>
        </TD>
    <TD STYLE="background-color: white; padding-right: 6pt">
        <P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: black 0.5pt solid">152</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">148</P>
        </TD>
    <TD STYLE="padding-right: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right; border-bottom: Black 0.5pt solid">347</P>
        </TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Total sales (including internal sales)</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,131</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,124</FONT></TD>
    <TD STYLE="background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,145</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;2,041</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;5,165</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; font-weight: bold; padding-right: 6pt; padding-bottom: 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; font-style: normal">Closing inventory</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;810</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,222</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white; text-align: right; color: #4F81BD; font-weight: bold; padding-right: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;810</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;1,222</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 6pt; padding-bottom: 6pt"><FONT STYLE="font-size: 10pt">&nbsp;666</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">Production
and Sales</P>

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

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">4-6/2017</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Sales
to external customers</U></FONT> &ndash; the quantity of potash sold to external customers in the second quarter of 2017, was
41 thousand tonnes higher than in the corresponding quarter last year, mainly due to an increase in sales to Asia and South America.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Production
</U></FONT>&ndash; production of potash in the second quarter of 2017 was 131 thousand tonnes lower than in the corresponding
quarter last year, due to a decrease in the production of ICL&nbsp;UK as a result of the transition from extracting and producing
potash to producing polysulphate.</TD>
</TR></TABLE>

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

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">1-6/2017</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Sales
to external customers</U></FONT> &ndash; the quantity of potash sold to external customers in the six months ended on June 30,
2017, was 100 thousand tonnes higher than in the corresponding period last year, mainly due to an increase in sales to Asia, North
and South America.</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal"><U>Production
</U></FONT>&ndash; production of potash in the six months ended on June 30, 2017 was 422 thousand tonnes lower than in the corresponding
period last year, due to a decrease in the production of ICL&nbsp;UK as a result of an operational breakdown in the mine tailings
channel during the first quarter and transition from extracting and producing potash to producing polysulphate.</TD>
</TR></TABLE>

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


<!-- Field: Page; Sequence: 60 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #1F497D">Essential Minerals Segment information as at June 30, 2017 (Unaudited)</FONT></P><P STYLE="margin: 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Liquidity and Capital Resources</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">Source and uses of cash</P>

<P STYLE="color: #4F81BD; font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Set forth below are
the highlights of the changes in the cash flows in the second quarter of 2017, compared with the corresponding quarter last year:</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><U>Net cash provided by
operating activities</U>:</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">In the second quarter of
2017, the cash flows provided by operating activities decreased by $39 million compared with the corresponding quarter last year.
This decrease derives mainly from a decline in the net income and a decline in the working capital in the corresponding quarter
last year, due to an increase in phosphate sales in China, which was accompanied by a decrease in inventories.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><U>Net cash used in investing
activities</U>:</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">In the second quarter of
2017, the cash flows used in investing activities decreased compared with the corresponding quarter last year, by $13 million.
This decrease derives mainly from a decrease in the cash flows used for investments in property, plant and equipment, and other
assets, in the amount of $41 million. The decrease was mostly offset by an increase in deposits.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><U>Net cash used in financing
activities</U>:</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">In the second quarter of
2017, there was an increase of $10 million in the cash flows used in financing activities compared with the corresponding quarter
last year. This increase derives mainly from repayment of long-term loans net of long-term loans received, in the amount of $125
million, compared with receipt of net long-term loans, in the amount of $141 million, in the corresponding quarter last year. The
increase was partly offset due to a receipt of short-term credit from banks and others, net, in the amount of $152 million, compared
with repayment of short-term credit from banks and others, net, in the amount of $91 million, in the corresponding quarter last
year.</P>

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

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Debt Movement</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">As at June 30, 2017,
the net financial liabilities of ICL amounted to $3,300 million, an increase of $32 million compared with the balance at the
end of 2016. The increase of the net financial liabilities derives mostly from dividend payments in the amount of $149
million and from the exchange rate impact, which were partially offset by the operating cash flow generated during the first
six months of 2017.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The total amount of the
securitization framework and credit facility deriving therefrom amounts to $405 million. As at June 30, 2017, ICL had used $311
million of the securitization facility.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">ICL also has long-term
credit facilities of $2,026 million and &euro;100 million, of which $1,335 million was unutilized as at June 30, 2017.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">As the date of the report,
the Company is in compliance with the financial covenants stipulated in its financing agreements.</P>

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


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    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #1F497D"><B>Israel Chemicals Limited</B></FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Quarterly Report</FONT></P><P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Critical Accounting Estimates</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">There were no material
changes in our critical accounting estimates during the six-month period ended June 30, 2017.</P>

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

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Risk Factors</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">In the six-month period
ended June&nbsp;30, 2017, there were no material changes in the risk factors previously disclosed in our Annual Report on Form
20-F for the year ended December 31, 2016.</P>

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

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Quantitative and Qualitative Exposures stemming
from Market Risks</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Reference is made to &ldquo;Item
11 &ndash; Quantitative and Qualitative Disclosures about Market Risks&rdquo; in our Annual Report on Form 20-F for the year ended
December 31, 2016.</P>

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

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Legal Proceedings</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">Pursuant to the
resolution of ICL's Board  dated December 15, 2016, the Company appointed a special independent external committee
(the &ldquo;Special Committee&rdquo;) to examine all aspects arising from the application for certification of a derivative
action regarding the annual bonuses paid to office holders for the years 2014-2015 (the
&ldquo;Certification Application&rdquo;).&nbsp;&nbsp;&nbsp;The Hon. Judge (ret.) Oded Mudrick was appointed to head the
Special Committee and the Special Committees&rsquo; other members are: Prof.&nbsp;Sharon Hannes and Prof. Haim Assayag, CPA.
For purposes of its operations, the Special Committee appointed a legal advisor to accompany its work &ndash; Dr. Asaf
Eckstein.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">On April 18, 2017 the
Special Committee submitted its report to the Board of Directors, wherein it determined, among other things, that in its opinion
the adjustments to the net profit as approved by the Company&rsquo;s Compensation Committee for the years 2014 and 2015 were duly
made and in accordance with the Company&rsquo;s compensation policy. Therefore, the Company does not have a cause of action against
the directors who approved the bonus adjustments for the years 2014 and 2015, or against the officers who received the bonuses
due to the said adjustments. In light of the foregoing, it would be improper for the Company to demand any restitution or reparation
due to the events specified in the Certification Application filed by the Applicant. Accordingly, the Committee recommended that
the Company oppose the Application filed with the Court by the Applicant.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">On April 26, 2017,
the Company&rsquo;s Board resolved to fully adopt the Special Committee's report and the recommendation therein to deny the
Applicant&rsquo;s demand in the Certification Application and to instruct the Company to file an objection to the
Certification Application.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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">On May 11, 2017, the Applicant applied to Court, arguing that
the Company is not permitted to attach the Special Committee's report to its response. On June 6, 2017, the Company and the remaining
respondents submitted its response to the Certification Application. For cautionary purposes the Special Committee's report was
not attached to the Company&rsquo;s response,; however as part of the Company&rsquo;s response the Court was requested to allow
submission of the Special Committee's report.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">In accordance with the
Court&rsquo;s decision, the date for submission of the Applicant&rsquo;s reply to the responses of the Company and the other respondents
to the Certification Application was set as September&nbsp;24, 2017.</P>

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

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">&nbsp;</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">Further to Note 13 of
the 2016 annual financial statements, and according to the announcement issued by the Company on May 10, 2017, ICL Europe
Co&ouml;peratief U.A. (&ldquo;ICL Europe&rdquo;), a subsidiary of the Company, filed a claim under the Bilateral Investment
Treaty (BIT) against the Federal Democratic Republic of Ethiopia (&ldquo;Ethiopia&rdquo;) in relation to State violations of
the Agreement on Encouragement and Reciprocal Protection of Investments between the Ethiopia and the Netherlands. The
violations relate to, inter alia, the State's imposition of an illegal tax assessment against, and its failure to provide
infrastructure support to, Allana Potash Afar Plc, a second-tier subsidiary of ICL Europe<I>. </I>ICL Europe filed the claim
under the Arbitration Rules of the United Nations Commission on International Trade Law (UNCITRAL), and requested the
Permanent Court of Arbitration at The Hague to administer the arbitration proceedings. On June 12, 2017, Ethiopia filed its
response to the notice of arbitration. As at the date of the report, the Company has a full tax provision in respect of the
said tax assessment.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">For further information
regarding legal proceedings and other contingencies, see Note 6 to the Company&rsquo;s condensed consolidated interim financial
statements as at June 30, 2017.</P>

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

<P STYLE="color: #4F81BD; font: 14pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Additional Information</P>

<P STYLE="color: #4F81BD; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><B><U>Enhancement of resources
availability for growth initiatives and/or debt leverage reduction</U></B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">On June 22, 2017, the Company
announced that as part of its plan for generating available sources for financing additional investments, as well as to reduce
its current leverage level, it is exploring, among other things, various opportunities to divest subsidiaries and/or assets that
have a low synergy profile with ICL&rsquo;s mineral chain and/or portfolio, in the amount of about $500 million or more. In the
framework of the said plan, the Company signed an agreement for sale of its holdings in IDE&nbsp;Technologies Ltd., constituting
50% of IDE&rsquo;s share capital, in exchange for a consideration of about $178 million. For additional details regarding the sale
transaction &ndash; see Note&nbsp;6 to the Company&rsquo;s condensed consolidated interim financial statements as at June&nbsp;30,
2017.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify"><B><U>Negotiations for
Purchase of Natural Gas</U></B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">On July 16, 2017, the Company
gave notice with respect to negotiations being carried on in connection with formulation of a non-binding memorandum of understanding
with Energean Israel Limited (hereinafter &ndash; &ldquo;Energean&rdquo;), a holder of interests in the Karish and Tanin gas fields
(hereinafter &ndash; the &ldquo;Gas Field&rdquo;), which after its signing (to the extent it is approved by all the competent authorities)
will constitute the basis for negotiations that will be carried on between the parties, in contemplation of signing a detailed
and binding agreement for supply of natural gas (if signed), under which the Company will purchase natural gas in the quantities
and for the periods as will be agreed upon therein, for purposes of running the power plant in Sodom and the Company&rsquo;s other
facilities in Israel.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The highlights of the matters
included in the memorandum of understanding are as follows: (A)&nbsp;the total quantity of gas the Company is anticipated to purchase
from Energean is about 13&nbsp;BCM with respect to the entire expected supply period (hereinafter &ndash; &ldquo;the Total Contractual
Quantity&rdquo;); (B)&nbsp;the supply period will commence on the date on which Energean commences operation of the Gas Field,
and is expected to end on the earlier of the date on which the Total Contractual Quantity is consumed or after the passage of 15&nbsp;years
from the commencement date of supply of the natural gas to the Company; (C)&nbsp;a &ldquo;take or pay&rdquo; payment mechanism
for a minimum annual quantity of natural gas in the amount and according to the mechanism that will be determined; and (D)&nbsp;the
price of the natural gas will be linked to the electricity generation component and will include a minimum price.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify">The negotiations with Energean
were conducted jointly by the Company, Oil Refineries Ltd. (a public company controlled by Israel Corporation Ltd., the Company&rsquo;s
controlling shareholder, which is controlled (directly and indirectly) by Mr.&nbsp;Idan Ofer) and OPC Rotem Ltd. (a private company
that is controlled indirectly by one of the Company&rsquo;s controlling shareholders) (hereinafter &ndash; &ldquo;the Purchasers&rdquo;).
The Company&rsquo;s signing of the memorandum of understanding will require approval by the Company&rsquo;s authorized organs and
is also subject to the signing by each of the other two Purchasers of separate memorandums of understanding with Energean. To the
best of the Company&rsquo;s knowledge, memorandums of understanding have not yet been signed between any of the Purchasers and
Energean. If and to the extent signed, only a non-binding memorandum of understanding is involved, and signing of an agreement
for supply of the gas and the actual supply of the gas in accordance therewith are subject to, among other things, completion of
the negotiations, signing a binding agreement, and meeting various milestones and preconditions, including arrangement and supply
of natural gas to the Company in a case where the Gas Field is ultimately not developed. A binding agreement, if and to the extent
signed, will require proper approval by the Company&rsquo;s authorized organs.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



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

<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURE</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">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.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Israel Chemicals Ltd.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 33%"><FONT STYLE="font-size: 10pt">Kobi Altman</FONT></TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<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"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Israel Chemicals Ltd.</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 33%"><FONT STYLE="font-size: 10pt">Lisa Haimovitz</FONT></TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Senior Vice President, Global General Counsel <BR>
and Corporate Secretary</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">Date:
August 3, 2017</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<DOCUMENT>
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>down-arrow.jpg
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<TEXT>
begin 644 down-arrow.jpg
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>downarrow-green.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 downarrow-green.jpg
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>horizontal-arrow.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 horizontal-arrow.jpg
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>up-arrow.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 up-arrow.jpg
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>uparrow-red.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 uparrow-red.jpg
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
