<SEC-DOCUMENT>0000950103-19-001749.txt : 20190206
<SEC-HEADER>0000950103-19-001749.hdr.sgml : 20190206
<ACCEPTANCE-DATETIME>20190206060230
ACCESSION NUMBER:		0000950103-19-001749
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20190206
FILED AS OF DATE:		20190206
DATE AS OF CHANGE:		20190206

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:		19569762

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

	MAIL ADDRESS:	
		STREET 1:		MILLENNIUM TOWER
		STREET 2:		23 ARANHA STREET, P.O. BOX 20245
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			61202
</SEC-HEADER>
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<TYPE>6-K
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<FILENAME>dp102062_6k-2.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><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: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt"><B>&nbsp;</B></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 0pt 6.85pt; text-align: center; text-indent: -6.85pt">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of February, 2019</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-13742</B></P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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    <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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Form 40-F</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid; width: 14%">
</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Q4 2018 and FY 2018 Results</TD></TR></TABLE>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Item 1</B></P>

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

<P STYLE="margin: 0">&nbsp;<IMG SRC="image_004.jpg" ALT=""></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INVESTOR RELATIONS CONTACT </B></FONT></TD>
    <TD STYLE="width: 50%; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PRESS CONTACT </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Limor Gruber </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Maya Avishai </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Head of Investor Relations </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Head of Global External Communications </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>+972-3-684-4471 </B></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>+972-3-684-4477</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: blue"><U>Limor.Gruber@icl-group.com</U></FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: blue"><U>Maya.Avishai@icl-group.com</U></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>ICL
REPORTS STRONG Q4 AND Full YEAR 2018 RESULTS</B></FONT></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: left"><B><I>Top Line Growth and margin
expansion in All of ICL's Value Chains</I></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 0pt 0.25in; text-align: left"><B><I>2018: </I></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: left"><B><I>Annual sales of $5.56 billion compared to $5.42 billion for 2017. Sales excluding divested businesses
of $5.51 billion compared to $5.08 for 2017, a growth of 8% </I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: left"><B><I>Operating income of $1,519 million compared to $629 million for 2017. Adjusted operating income
excluding divested businesses increased by 42% to $750 million</I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: left"><B><I>Net income more than tripled compared to 2017. Adjusted net income excluding divested businesses
increased by approximately 50% </I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: left"><B><I>Net debt to EBITDA ratio decreased to 1.9 at the end of 2018 from 2.9 at the end of 2017</I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: left"><B><I>EPS of 97 cents compared to 29 cents in 2017. Adjusted EPS excluding divestments of 37 cents
vs. 25 cents in 2017</I></B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><B><I>Q4: </I></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><B><I>Fourth quarter sales of $1.41 billion compared to $1.36 billion for Q4 2017, or compared
to $1.30 billion excluding divested businesses, a growth of 8% </I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><B><I>Operating income of $166 million, compared to $189 million in Q4 2017. Adjusted operating
income excluding divested businesses of $214 million compared to $153 million in Q4 2017, a growth of 40% </I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><B><I>EBITDA excluding divested businesses of $322 million compared to $259 million in Q4 2017
</I></B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><B><I>EPS of 6 cents, adjusted EPS excluding divestments of 10 cents. Dividend of 4.8 cents/share
reflects annualized dividend yield of above 3%</I></B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Tel Aviv, Israel, February 6, 2019
&ndash; </I>ICL <I>(NYSE &amp; TASE: ICL</I></B>), a leading global specialty minerals and specialty chemicals company, today reported
its financial results for the fourth quarter and year ended December 31, 2018.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sales for the fourth quarter were $1,410
million compared to $1,361 million for the comparable period in 2017, a growth of 4%. Compared to sales excluding divested businesses
of $1,301 million in Q4 2017, sales grew by 8%. The Company reported operating income of $166 million for Q4 2018 compared to $189
million for Q4 2017, which included a capital gain of $48 million. Adjusted operating income was $214 million, compared to adjusted
operating income excluding divested businesses of $153 million in Q4 2017, an increase of 40%. Net income was $82 million for the
fourth quarter of 2018 compared to $155 million in the comparable period in 2017. Higher prices across the board led to an increase
of 24% in Q4 2018 EBITDA to $322 million, compared to $259 million in Q4 2017, excluding the contribution of divested businesses.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Operating income for the year ended December
31, 2018, including a capital gain of $841 million from the sale of the Fire Safety and Oil Additives businesses, amounted to $1,519
million, an increase of about 140% over 2017. Adjusted operating income excluding divestments increased by 42% to $750 million
for the year ended December 31, 2018, compared to $530 million in 2017, supported by higher selling prices across all of ICL's
value chains. Annual net income more than tripled compared to 2017, and adjusted net income excluding divestment businesses increased
by approximately 50%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>ICL&rsquo;s CEO, Raviv Zoller,</B> stated,
&ldquo;ICL&rsquo;s strong results in the fourth quarter, propelled by positive contributions from each of our value chains, capped
an extraordinary year for the Company. We successfully completed the divestment of our Fire Safety and Oil Additives businesses
which reduced our net debt level substantially and together with the optimization of our debt structure, created financial flexibility
to support our growth. During 2018 we aligned ICL&rsquo;s organizational structure to enhance our leading market positions and
promote our growth, while successfully implementing a &lsquo;Value over Volume&rsquo; strategy for our specialty businesses.&quot;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zoller continued, &ldquo;Our Industrial
Products division set an all-time record for annual profit this year, benefiting from record bromine prices and higher sales volumes
of several products, while our Potash division achieved record production at our Dead Sea unit. We significantly improved the performance
of our potash operations in Spain and our YPH JV in China, both of which shifted to profitability, as we continued to focus on
cost controls, prudent capital investments and environmental responsibility. Towards the end of the year, we also commenced commercial
operation of our new power plant in Israel.&quot;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zoller concluded, &ldquo;We are deeply
grateful to our more than 11,000 talented employees around the globe for the achievements we recorded during the year. We recognize
that it is their dedication and perseverance during challenging periods that allowed us to take advantage of improved market conditions
in 2018 and to move forward into 2019 with strong business momentum.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ICL&rsquo;s Chairman, Johanan Locker, </B>added, &quot; 2018represented
an important turning point for ICL. This year we started implementing our new strategy, which was launched in early 2018 and is
focused on enhancing ICL's leadership positions in each of our core value chains, while expanding our specialty businesses and
promoting our Innovative Ag Solutions offerings. I am confident that ICL will continue to be a flagship of Israeli industry with
a strong global footprint and one of the world&rsquo;s major fertilizers and specialty chemicals companies.&quot;</P>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ <BR>millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">% of <BR>sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ <BR>millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">% of <BR>sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ <BR>millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">% of <BR>sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ <BR>millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">% of <BR>sales</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; text-align: left; padding-left: 2pt">Sales</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right">1,410</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">1,361</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">-</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right">5,556</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">5,418</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Sales excluding divestments (1)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">1,410</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,301</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">5,506</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,075</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Gross profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">507</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">36</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">429</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">1,854</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">33</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,672</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Operating income</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">166</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">189</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">1,519</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">27</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">629</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Adjusted operating income excluding divestments (1)(2)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">214</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">15</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">153</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">750</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">14</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">530</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Net income - shareholders of the Company</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">82</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">6</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">155</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">1,240</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">22</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">364</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Adjusted net income - shareholders of the Company excluding divestments (1)(2)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">124</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">135</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">478</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">9</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">323</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">EPS attributable to the shareholders of the company (fully diluted) <BR></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">0.06</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">0.97</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.29</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Adjusted EPS attributable to the shareholders of the company, excluding divestments (fully diluted) (1)(3)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">0.10</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.11</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">0.37</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.25</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Adjusted EBITDA excluding divestments (1) (4)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">322</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">23</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">259</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">1,160</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">21</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">928</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 2pt">Cash flows from operating activities</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">224</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">277</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">620</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">847</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 2pt; border-bottom: rgb(79,129,189) 1pt solid">Purchases of property, plant and equipment and intangible assets (4)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">179</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">140</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">-</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">572</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">457</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">-</TD></TR>
</TABLE>

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



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.35pt"></TD><TD STYLE="width: 18pt"><I>(1)</I></TD><TD STYLE="padding-right: 14.2pt"><I>Excluding contribution from divested businesses to 2017 &amp; 2018 results. See &ldquo;Results
Analysis October-December 2018&rdquo; below and &ldquo;Results Analysis January-December 2018&rdquo; in the Appendix </I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.35pt"></TD><TD STYLE="width: 18pt"><I>(2)</I></TD><TD STYLE="padding-right: 14.2pt"><I>See &ldquo;Adjustments to Reported Operating and Net Income&rdquo; in the Appendix.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.35pt"></TD><TD STYLE="width: 18pt"><I>(3)</I></TD><TD STYLE="padding-right: 14.2pt"><I>Adjusted EPS excluding divestments is calculated as adjusted net income excluding divestment
divided by weighted-average diluted number of ordinary shares outstanding as provided in the reconciliation table &ldquo;Adjustments
to Reported Operating and Net Income&rdquo; in the Appendix.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.35pt"></TD><TD STYLE="width: 18pt"><I>(4)</I></TD><TD STYLE="padding-right: 14.2pt"><I>See &ldquo;Calculation of Adjusted EBITDA&rdquo;  in the Appendix.</I></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.35pt"></TD><TD STYLE="width: 18pt"><I>(5)</I></TD><TD STYLE="padding-right: 14.2pt"><I>See &ldquo;Condensed Consolidated Statements of Cash Flows (unaudited)&rdquo; in the Appendix.</I></TD></TR></TABLE>

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


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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Results Analysis October &ndash;
December 2018&nbsp;</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Operating income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold; text-align: left">Q4 2017 figures</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,361</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(1,172)</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;189</TD><TD STYLE="width: 3%; color: #4F81BD">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total adjustments Q4 2017*</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">-</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">(21)</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">(21)</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Adjusted Q4 2017 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,361</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(1,193)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">168</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Divested businesses contribution 2017</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">(60)</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">45</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">(15)</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Adjusted Q4 2017 figures (excluding divested businesses)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,301</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(1,148)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">153</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(1)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(6)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(7)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;133</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">133</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(23)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;30</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">7</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(17)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(17)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;3</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">3</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(20)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(20)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">-</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">(38)</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">(38)</FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Adjusted Q4 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,410</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(1,196)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">214</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total adjustments Q4 2018*</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">-</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">48</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right"><P STYLE="color: #4F81BD; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-weight: normal">48</FONT></P> </TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: left">Q4 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">1,410</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">(1,244)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">166</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: left; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0pt; text-align: justify; padding-top: 3pt"><I>* See &quot;Adjustments to
reported operating and net income (Non-GAAP)&quot; in the appendix. See annual results analysis in the Appendix.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Revenue: </B>Sales in Q4 2018 were $1,410
million compared to $1,361 million in Q4 2017, an increase of 4%. Sales excluding divestments increased by more than 8% from $1,301
million in Q4 2017. Higher prices across all of ICL's value chains overcompensated for the negative impact of the devaluation of
the euro and the Chinese yuan against the US dollar.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FY 2018 sales increased to $5.56 billion
compared to $5.42 billion in FY 2017, a growth of 3%. Sales excluding divestments was $5.51 billion in FY 2018 compared to $5.08
billion in FY 2017, an increase of more than 8%. Higher prices, the upward revaluation of the euro against the dollar and higher
sales volumes of flame retardants, specialty fertilizers and dairy proteins more than offset lower sales volumes of potash, commodity
phosphates and specialty phosphates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Operating income: </B>Operating income
in Q4 2018 was $166 million compared to $189 million in Q4 2017, a decrease of 12%, mainly due to a capital gain of $48 million
recorded in the comparable period last year. Adjusted operating income excluding divestments, which excludes the contribution of
divested businesses, provisions for prior-periods' royalties and for closure costs of the Sallent mine in Spain (towards the site
consolidation and as part of the restoration solution), increased by 40% to $214 million. The increase was driven by higher prices,
lower energy costs and favorable exchange rates (devaluation of the euro, Israeli shekel and yuan decreased costs in dollar terms).
This was partially offset by higher marine transportation and raw material prices (sulphur used in the phosphate value chain and
raw materials used in the production of bromine and phosphorous flame retardants) and other expenses which include insurance income
in Israel recorded in the corresponding quarter of 2017, inventory write-offs and higher depreciation expenses. The negative impact
of sales volume derives from unfavorable product mix due to an increase in the sales of Polysulphate and the sales of electricity
surplus to third parties from the new power plant in Sodom together with lower sales volumes of potash, phosphate specialties and
specialty fertilizers. This was partially offset by an increase in the sales volume of bromine based industrial solutions.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Operating income for FY 2018 was $1,519
million, compared to $629 million for FY 2017, an increase of about 140%. The increase in operating income is mainly attributed
to a capital gain of $841 million from the sale of the Fire Safety and Oil Additives businesses. Adjusted operating income excluding
divestments, which mainly excludes capital gain and contribution from divestments to 2017 &amp; 2018 results, asset impairments
and provisions for early retirement, legal claims and site closure costs, amounted to $750 million in 2018 compared to $530 million
in 2017, an increase of 42%. The increase is attributed to higher prices and the upward revaluation of the euro against the dollar.
These were partially offset by higher raw material and marine transportation prices, lower sales volume, insurance income in Israel
recorded in 2017, higher royalties and depreciation and inventory write-offs.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Financing expenses, net: </B>The net
reported financing expenses in Q4 2018 amounted to $66 million, compared to $25 million in the corresponding quarter in 2017. Excluding
expenses deriving from interest on past royalties recognized in the current period, the net adjusted financing expenses amounted
to $59 million compared to $28 million in Q4 2017 (which excludes an income in connection with a resolution of tax dispute in Belgium).
Interest expenses decreased by $4 million to $25 million. The decrease was more than offset by an increase in hedging transaction
provisions which derived mainly from the devaluation of the shekel against the dollar, a decrease in interest rates and a sharp
decrease in energy prices towards the end of the quarter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Net financial expenses for FY 2018 amounted
to $158 million compared to $124 million. Excluding expenses deriving from interest on past royalties recognized in 2018 in the
amount of $10 million, the net adjusted financing expenses in 2018 amounted to $148 million. A decrease in interest expenses in
the amount of $11 million was more than offset mainly by lower financial income as a result of change in exchange rate differences
and an increase in provisions for hedging transactions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Tax expenses: </B>Tax expenses for Q4
2018 amounted to $19 million compared to $13 million in Q4 2017. Excluding the tax impact of the adjustments to operating income
and financial expenses, adjusted tax expenses in Q4 2018 amounted to $32 million, which reflects an adjusted effective tax rate
of 20% (from adjusted income before tax), compared to $2 million in Q4 2017, which reflects an effective tax rate of 1%. The unusually
low tax rate in 2017 was driven by an adjustment of deferred taxes in respect of the change in the tax rate in the US in Q4 2017
and a decrease in tax provisions in Israel related to the Natural Resource Tax Law.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Tax expenses for 2018 amounted to $129
million compared to $158 million in 2017. Excluding the tax impact of the adjustments to operating income and financial expenses,
adjusted tax expenses in 2018 amounted to $136 million, which reflects an adjusted effective tax rate of 22% (from adjusted income
before tax), compared to $156 million in 2017, which reflects an adjusted effective tax rate of 30%. The decrease in 2018 is attributed
to lower profit deriving from the US, following the divestitures, lower tax rate in the US, the devaluation of the shekel against
the dollar during the year, and a decrease in tax provisions in Israel.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Cash flow &amp; debt level: </B>In
Q4 2018, operating cash flow decreased by $53 million compared to the corresponding quarter in 2017 to $224 million. This decrease
derives primarily from a decrease of $30 million in working capital recorded in Q4 2018 compared with a decrease of $57 million
during Q4 2017. This is attributed to a more moderate decrease in trade receivables as a result of the late signings of the potash
supply contracts in China and India. In addition, operating cash flow was negatively impacted by payments of royalties to the
Israeli government in respect if prior periods and cash paid due to derivatives transactions. These were partly offset by lower
tax payments in this quarter compared with the corresponding quarter last year. Operating cash flow for 2018 amounted to $620
million compared to $847 million in 2017. The decrease is attributed to an increase in inventory and trade receivables. Cash flow
used for the purchase of property, plant, equipment and intangible assets amounted to $179 million and $572 million in Q4 2018
and FY 2018, respectively, compared to $140 million and $457 million in Q4 2017 and FY 2017, respectively. The increase derives
mainly from several infrastructure projects in ICL's potash division.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s net financial liabilities
at the end of 2018 amounted to $2,212 million, a decrease of $825 million compared to December 31, 2017. The significant decrease
is mainly due to proceeds received from the sale of the Fire Safety and Oil Additives businesses.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>REVIEW OF OPERATING SEGMENTS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Industrial Products </U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ICL&rsquo;s global leadership in the bromine
industry is driven by its focus on delivering value to its customers rather than increasing volume. ICL is able to generate more
value by leveraging its unique assets and know-how and by fostering innovation through the development of new applications, such
as new bromine and phosphorus-based flame retardants, magnesia and salt products, as well as other solutions. ICL continues to
leverage its unique logistical advantages and unparalleled experience related to the safety and environmental aspects of its Bromine
business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Industrial Products segment recorded
another strong quarter driven by higher prices across its bromine value chain as well as most of its complementary businesses,
and resulting in an all-time record of annual segment profit. Higher prices drove an approximately 2% expansion in quarterly and
annual segment profit margins.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Industrial Products accounted for 22% of
sales and 30% of profit attributed to segments in Q4 2018 compared to 22% of sales and 31% of profit attributed to segments in
Q4 2017. The segment accounted for 23% of sales and 35% of profit attributed to segments in 2018 compared to 22% of sales and 33%
of profit attributed to segments in 2017.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Significant Highlights and Business Environment</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">During Q4 2018
elemental bromine prices in China increased compared to Q3 2018 and compared to Q4 2017 as local bromine production was affected
by strict environmental-related regulatory pressure and the winter shutdown.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Demand for bromine-based
flame retardants during Q4 was lower compared to prior periods. However, the segment is benefitting from higher prices as a result
of elevated bromine prices.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">ICL Industrial
Products successfully secured several supply agreements for bromine compounds for 2019, mostly with higher prices and stable volumes.
ICL continues its efforts to conclude additional agreements. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Clear brine fluids
sales were higher compared to the corresponding quarter, mainly due to continuation of higher drilling activity in the Gulf of
Mexico. Nevertheless, sales in Q4 2018 were moderately lower compared to the exceptional level in Q2 and Q3 2018. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Higher prices were
recorded for phosphorous-based flame retardants in ICL&rsquo;s markets (US and Europe) compared to the corresponding quarter as
a result of continuous strict environmental-related regulatory pressure in China which impacted Chinese production and exports.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Demand for magnesia
products for industrial uses is increasing. The segment continues to focus on applications with higher margins for the pharma and
nutraceutical markets.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Results of Operations</U></B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: #4F81BD 1pt solid; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">10-12/2018</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">10-12/2017</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">1-12/2018</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; border-left: white 2.25pt solid; text-align: center; font-weight: bold">1-12/2017</TD></TR>
<TR>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; border-left: white 2.25pt solid; text-align: center; font-weight: bold">$ millions</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold; text-align: left">Total Sales</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">320</TD><TD STYLE="width: 3%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: normal; text-align: right">303</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,296</TD><TD STYLE="width: 3%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: normal; text-align: right">1,193</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Sales to external customers</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">316</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">298</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,281</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,179</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;&nbsp;&nbsp;Sales to internal customers</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">4</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;15</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">14</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Segment profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">83</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">73</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;350</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">303</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Depreciation and Amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">16</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;63</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">61</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">Capital expenditures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">12</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">17</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;50</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">49</TD></TR>
</TABLE>


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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Results Analysis October &ndash; December 2018</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Segment profit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold">Q4 2017 figures</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;303</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(230)</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;73</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;2</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;1</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">3</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;17</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">17</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(2)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;4</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">2</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(5)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(5)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(7)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(7)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Q4 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">320</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">(237)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">83</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><I>See annual results analysis
in the Appendix.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The increase in the segment&rsquo;s profit
in Q4 2018, over the corresponding period in 2017, resulted mainly from an increase in the selling prices of bromine-based industrial
solutions and flame retardants, as well as phosphorous-based flame retardants, which overcompensated for higher raw material prices
and an inventory write-off. The contribution of higher sales quantities is attributed to improved mix due to an increase in the
quantities sold of bromine-based industrial solutions (mostly clear brine fluids). The positive impact of exchange rates derives
mainly from the devaluation of the Israeli shekel against the dollar, decreasing production costs, partly offset by the devaluation
of the euro against the dollar which decreased revenue.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On an annual basis, the increase in segment
profit is attributable to higher prices and sales volumes across most of the segment's products, which overcompensated for a decrease
in the sales quantities of bromine-based industrial solutions (mainly elemental bromine), higher raw material prices, higher labor
costs and an inventory write-off.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ICL leverages its well-positioned and unique
potash assets, as well as its logistical advantages, to be among the three most competitive suppliers in its key target markets,
including Brazil, India, China, Europe and Southeast Asia. ICL&rsquo;s cost competitiveness derives from lower logistics costs
due to its facilities&rsquo; proximity to ports and customers, as well as from continuous optimization of its potash production
processes, reducing costs and utilizing its capacity potential efficiently. In addition, ICL's Boulby mine in the UK is the world's
first and sole supplier of Polysulphate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Potash segment recorded strong potash
sales volumes during the fourth quarter. The average realized sales price of potash increased by over 20% quarter over quarter
to $292/tonne in Q4 2018 and by 18% year over year to $278/tonne in FY 2018. Sales volumes of approximately 1.5 million tonnes
in Q4 2018 resulted in record low inventory levels. Operational efficiencies measures led to record annual production of 3.8 million
tonnes at ICL Dead Sea and supported a shift to operating profit in ICL's potash operations in Spain. On a macro basis, ongoing
delays in new global capacity ramp-up are contributing to a balanced market, reflected in solid pricing during the off-season period.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Potash segment accounted for 33% of
sales and 57% of profit attributed to segments in the fourth quarter of 2018, compared to 28% of sales and 50% of profit attributed
to segments in Q4 2017. The segment accounted for 27% of sales and 39% of profit attributed to segments in 2018 compared to 23%
of sales and 31% of profit attributed to segments in 2017.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Significant Highlights and Business Environment</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Potash prices continued
to increase during Q4 2018 despite the agricultural season ending in key regions, including Brazil, US and Europe, supported by
low availability of product for spot sales. This can be considered as a positive indication towards the first quarter of 2019.
According to CRU (Fertilizer Week Historical Prices, January 2019) the average price of granular potash imported to Brazil for
Q4 2018 was $350 per tonne (CFR), up by 6.1% and 25% compared to Q3 2018 and Q4 2017, respectively. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">The Grain price
index, which peaked during Q2 2018, remained quite steady during Q4 as corn and soybean prices increased while wheat and rice prices
decreased. The increase in soybean price is explained by a decrease in its production in the US, mainly due to the US-China trade
dispute resulting in a decrease in the US export to China. This has led to an increase in Chinese soybean imports from Brazil while
the US has increased its soybean export to other geographical markets. The decrease in wheat prices is related mainly to higher
exports from Russia and an increase in the production in Canada, which were higher than the decrease in exports from Australia
due to a continuing drought in the latter, according to the WASDE (World Agricultural Supply and Demand Estimates) reports from
November and December 2018. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Based on the aforementioned
reports, the grains stock to use ratio for the 2018/2019 agricultural year is expected to decrease to 29.01%, compared with 31.20%
at the end of the 2017/2018 agricultural year and compared with 30.55% in the 2016/2017 agricultural year. This trend of lower
stock-to-use ratio may be supportive for fertilizer demand.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">According to preliminary
data, potash imports to China in 2018 reached 7.5 million tonnes, a decrease of 1% compared to 2017. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">According to the
FAI (Fertilizer Association of India), potash imports during 2018 amounted to 4.4 million tonnes, a 1% increase over 2017. The
moderate increase can be explained by low availability of potash.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">According to preliminary
data, potash imports into Brazil during 2018 were over 10.5 million tonnes, surpassing last year's record by 8%.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Supply side developments:
EuroChem (Russia) announced that it has cut its forecast for 2018 output from its new potash mines, Usolskiy and Volgakaliy, to
a total of about 0.3 million tonnes. The Turkmenhimiya (Turkmenistan) Garlyk mine (nameplate capacity of 1.4 million tonnes per
year) is believed to be inoperable. The ramp-up of Slavkaliy's (Belarus) Nezhinsky Potash project (nameplate capacity of 1 million
tonnes per year) is expected to be delayed from 2020 to 2022. K+S (Germany) closed its Sigmundshall site (0.6 million tonnes per
year). It is assumed that problems with K+S' granulation stage production process in the Bethune mine in Saskatchewan led it to
deliver standard MOP to China. Mosaic commissioned the new production skip at its Esterhazy K3 potash mine in Saskatchewan (Canada)
on December 2018. This project is expected to reach its full operational capacity (7.35 million tonnes per year) by 2024. </FONT></TD></TR></TABLE>

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


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">In November 2018,
ICL signed framework agreements with its customers in China for 2019-2021, to supply a total of 3 million tonnes of potash, with
additional options for 0.75 million tonnes. Prices will be subject to the prevailing market prices in China at the relevant date
of supply.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">In December 2018,
ICL signed a five-year potash supply agreement with Indian Potash Limited (&quot;IPL&quot;), India's largest importer of potash.
According to the agreement, ICL is expected to supply IPL with 600 thousand tonnes per year in 2019 and 2020, increasing to 650
thousand tonnes per year from 2021 to2023 (including optional quantities). Prices will be determined in accordance with the prevailing
market prices in India at the relevant date of supply. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><P STYLE="text-align: justify; padding-right: 14.2pt">ICL
continues to ramp-up Polysulphate production in the Boulby mine in the UK towards reaching 1 million tonnes run-rate by the end
of 2020, which is required in order to achieve profitability.</P>



</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Part of the Company's
strategy is to grow its FertilizerpluS platform, by, among other things, utilizing Polysulphate as a base for a product portfolio
which includes PotashpluS, PKpluS and other products. Sales of FertilizerpluS in 2018 totaled $114 million. In December 2018, ICL
signed a new supply agreement for Polysulphate and its derivatives with customers in China for 2019 in a total quantity of 89 thousand
tonnes.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Global demand for
magnesium remained constrained in China, Brazil and Europe. This was partly offset by an improvement in the US market as trade
restrictions have pushed up prices in the steel, aluminum and automotive sectors, which in turn has caused a resumption of domestic
production, and consequent demand for raw materials, including magnesium.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">On October 24,
2018 a petition was filed with the International Trade Administration of the US Department of Commerce and the US International
Trade Commission by a US magnesium competitor, US Magnesium, to impose antidumping and countervailing duties on imports of magnesium
from Israel. US Magnesium claims that imports of magnesium produced in Israel by Dead Sea Magnesium Ltd. are being subsidized and
are being sold at less than fair value in the US market. At this time, it is not possible to determine whether the petition will
be successful or whether tariffs will be imposed in the future. Market reaction has seen impacts through increased prices coupled
with future supply concerns on the part of consumers.</FONT></TD></TR></TABLE>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Results of Operations</U></B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: #4F81BD 1pt solid; border-right: white 2.25pt solid; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">10-12/2018</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">10-12/2017</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">1-12/2018</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; border-left: white 2.25pt solid; text-align: center; font-weight: bold">1-12/2017</TD></TR>
<TR>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; border-left: white 2.25pt solid; text-align: center; font-weight: bold">$ millions</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold; text-align: left">Total sales</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;515</TD><TD STYLE="width: 3%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: normal; text-align: right">&nbsp;414</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,623</TD><TD STYLE="width: 3%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: normal; text-align: right">1,383</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Potash sales to external customers</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;413</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;340</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,280</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,119</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Potash sales to internal customers</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;23</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;20</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;79</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">71</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;&nbsp;&nbsp;Other and eliminations*</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;79</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right">&nbsp;54</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;264</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right">193</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Gross profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;250</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;194</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;696</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">539</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Segment profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">158</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">119</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;393</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">282</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Depreciation and Amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">40</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">36</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">141</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">128</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Capital expenditures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">133</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">119</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">356</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">270</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">Average realized price (in $)**</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">292</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">240</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;278</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">236</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">* Mainly includes Polysulphate
produced in the UK, salt produced in underground mines in UK and Spain, magnesium based products and sales of electricity produced
in Israel.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">**Potash average realized price
($/tonne) is calculated by dividing total potash revenue by total sales quantities. The difference between FOB price and average
realized price is mainly marine transportation costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Potash &ndash; Production and Sales</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: left; border-top: rgb(79,129,189) 1pt solid">Thousands of tonnes</TD><TD STYLE="width: 3%; font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">10-12/2018</TD><TD STYLE="width: 3%; font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">10-12/2017</TD><TD STYLE="width: 3%; font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">1-12/2018</TD><TD STYLE="width: 3%; font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">1-12/2017</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%">Production</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,223</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">&nbsp;1,303</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;4,880</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">4,773</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total sales (including internal sales)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,493</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,500</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;4,895</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,039</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">Closing inventory</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;385</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">&nbsp;400</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;385</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">400</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In Q4 2018, potash production was 80,000
tonnes lower than in the corresponding quarter last year, mainly due to a decrease of 76,000 tonnes in the potash production in
ICL Boulby which terminated its potash production at the end of the second quarter of 2018 as part of the transition to Polysulphate
production. The quantity of potash sold in Q4 2018 was 7,000 tonnes lower than in the corresponding quarter last year, mainly due
to a decrease in potash sales to Europe, mostly offset by an increase in potash sales to Asia and Latin America.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The increase in FY 2018 production is attributed
to an increase of about 230 thousand tonne in the Dead Sea and Spain, overcompensating for a decrease of about 115 thousand tonnes
in the UK . The increased production in the Dead Sea derived mainly from efficiency measures throughout the production process.
The increase in Spain derived mainly from an efficiency plan implemented at the beginning of 2018 and from higher ore grade in
the area mined in the first quarter of 2018. The decrease in sales volumes derived mainly from ICL's low inventory level in the
beginning of 2018 which impacted product availability and resulted in lower sales volume to the Americas.</P>

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


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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Results Analysis October &ndash;
December 2018</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Segment profit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold">Q4 2017 figures</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;414</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(295)</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;119</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;27</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(26)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">1</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;77</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">77</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(3)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;6</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">3</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;2</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">2</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(16)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(16)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(28)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(28)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Q4 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">515</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">(357)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">158</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><I>See annual results analysis
in the Appendix.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The increase in the segment&rsquo;s profit
in Q4 2018 was driven primarily by higher potash prices, offset by an increase in marine transportation prices, as well as an increase
in operating and other expenses, deriving mainly from an inventory write-off in the UK, higher depreciation and royalty expenses
in Israel and increased operational costs in Spain and Israel. The moderate positive impact of sales quantities derived mainly
from product mix, due to increased share of sales of lower margin products such as Polysulphate and electricity surplus sales to
third parties from the new power plant in Sodom. The negative impact of exchange rates on sales, due to the devaluation of the
euro and the British pound against the dollar, was more than offset by the devaluation of the Israeli shekel which contributed
to lower production costs in dollar terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The increase in the segment's profit in
2018 is attributed mainly to higher prices, which overcompensated for unfavorable product mix (mainly due to higher share of lower
margin products such as Polysulphate and electricity), impact of exchange rates on production costs in dollar terms, higher marine
transportation prices and higher operating and other expenses (mainly an increase in royalties, expenses recorded in connection
with DSW's collective labor agreement and higher depreciation expenses in Israel and the UK).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.15pt 0pt 0; text-align: justify"><B>Phosphate Solutions </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.15pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Phosphate Solutions segment&rsquo;s
strategy is to be a leading provider of value-added specialty solutions based on phosphate for diversified industrial, food and
agriculture markets. The goal is to outgrow the market by enhancing customer relationships and in parallel, optimizing upstream
capabilities directed towards specialty products. The diversification into higher value-added specialty products leverages ICL's
integrated business model and provides it with additional margins on top of the commodity margin.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Phosphate Solutions results in the fourth
quarter of 2018 improved compared to the corresponding quarter last year. The improved performance was supported by higher prices
of phosphate commodities and specialties. This was partly offset by an increase in raw materials prices, mainly Sulphur and an
inventory write-off in China.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The segment's profit margins increased
from 5% in Q4 2017 to 8% in Q4 2018 and from 7% in 2017 to 10% in 2018, driven by synergy utilization and higher prices of specialty
and commodity phosphates, which more than compensated for an annual increase of $50 million in raw material costs. The segment&rsquo;s
ten-year profit record for specialty phosphates was driven by its value over volume strategy. The segment also significantly improved
the performance of its YPH JV, which shifted to profitability during the year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">The Phosphate Solutions segment
accounted for 33% of sales and 14% of profit attributed to segments in Q4 2018 compared to 34% of sales and 10% of profit attributed
to segments in Q4 2017. The segment accounted for 36% of sales and 21% of profit attributed to segments in 2018 compared to 36%
of sales and 16% of profit attributed to segments in 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Significant Highlights and Business Environment</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sales of Phosphate
Specialties in Q4 2018 decreased by approximately 6% compared to the corresponding quarter last year to $267 million. Higher prices
drove approximately 26% growth in profit to $32 million. Q4 2017 includes $6M sales of the Rovita business, which was divested
at the beginning of the third quarter of 2018. 2018 sales of Phosphate Specialties increased by approximately 6% to $1,197 million
and profit increased by approximately 36% to $171 million. 2017 includes $32M sales of the Rovita business, while 2018 includes
$16M sales, as a result of the aforementioned divestment.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Phosphate acids&rsquo;
sales were slightly down in comparison to the corresponding quarter of last year due to lower sales volumes in South America, driven
by increased imports from China, and lower sales volume to Europe. However, increased volumes in China as well as higher prices
in Europe and North America drove an increase in the business profit. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Phosphate salts`
performance was slightly down due to volume losses of food salts in Europe and North America, partly offset by increased prices
and higher market share in China for the YPH JV. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">The Paints and
Coatings business experienced strong performance driven by strong volumes of high performance additives as well as by higher prices.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">The Dairy Protein
business was slightly below Q4 2017 as business performance normalized following a strong first three quarters of 2018. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">In July 2018, ICL
divested and transferred the assets and business of Rovita GmbH, which produces a commodity milk protein. In Q4 2017, the business
reported sales of $6 million and operating loss of approximately $2 million.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">The commodity phosphate
market weakened towards the end of Q4 2018 and into 2019 and prices softened as the agricultural season ended at the major phosphate
fertilizers importing countries. According to CRU (Fertilizer Week Historical Prices, January 2019), the spot DAP price in India
(CFR bulk) declined from $430 per tonne in Q3 2018 to $422 in Q4 2018 while TSP price (FOB Morocco) increased from $354 per tonne
to in Q3 2018 to $361 per tonne in Q4 2018, 26% higher than Q4 2017. Sulphur prices also moderated from November 2018 and into
the beginning of 2019. Market observers are forecasting that the price moderation trend in the phosphate market will continue during
the first half of 2019 followed by stable pricing in the second half of the year. </FONT></TD></TR></TABLE>

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


<!-- Field: Page; Sequence: 15 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><IMG SRC="image_004.jpg" ALT="">&nbsp;</P><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">According to IHS
Markit data, Brazil imported 9.0 million tonnes of phosphates during 2018, a 0.9% increase from 2017. This is due to increases
in SSP, TSP and NPK, offset by lower MAP, DAP and NP/NPS imports. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">OCP </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">secured</FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif">Q1 2019 green phosphoric acid contracts with its Indian partners at $750
per tonne P<SUB>2</SUB>O<SUB>5</SUB> CFR, a decrease of $18 from the previous quarter. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">According to the
FAI (Fertilizer Association of India), DAP imports during 2018 increased by 50% to 6 million tonnes compared to 2017 while domestic
DAP production decreased by 27% to 3.6 million tonnes, due to economic preference for DAP imports over its local production.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.4pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">For information
regarding developments in the agriculture market and FertilizerpluS products, which are mainly based on Polysulphate, see &ldquo;Potash
- Significant Highlights and Business Environment&rdquo;.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><B><U>Results of Operations</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold; text-align: left">Total Sales</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">495</TD><TD STYLE="width: 3%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: normal; text-align: right">487</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">2,099</TD><TD STYLE="width: 3%; font-weight: normal">&nbsp;</TD>
    <TD STYLE="width: 12%; font-weight: normal; text-align: right">2,037</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Sales to external customers</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">471</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">460</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">2,001</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,938</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;&nbsp;&nbsp;Sales to internal customers</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">24</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right">27</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">98</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right">99</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Segment profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">38</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">208</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">149</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Depreciation and Amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">42</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">45</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">172</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">172</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">Capital expenditures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">53</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">29</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">176</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">154</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Phosphate Solutions: Backward Integrated Value Chain</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Thousands of tonnes</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12 <BR>2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12 <BR>2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">1-12</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">2018</P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12 <BR>2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Phosphate rock</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%">Production</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,325</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">&nbsp;1,098</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;5,006</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">4,877</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Green phosphoric acid</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Used for production of phosphate commodities</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;152</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;115</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;552</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">451</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Used for production of phosphate specialties</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;77</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;75</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;305</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">281</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Other</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;6</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;17</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Phosphate fertilizers</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Production</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;619</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;555</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;2,304</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,094</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Sales*</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;543</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;501</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;2,269</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,291</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Pure phosphoric acid</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">Production</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;69</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">&nbsp;72</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;289</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">275</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">* To external customers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Production of phosphate rock in Q4 2018
and in 2018 increased mainly due to a shutdown at Rotem's Zin plant during the second half of 2017. The increase in green phosphoric
acid used for production of phosphate commodities is attributed to higher phosphate fertilizers production in the YPH JV in China.
The increase in Green phosphoric acid used for production of phosphate specialties was mainly due to an increase in the production
of specialty products in the YPH JV. Higher sales of phosphate fertilizers in Q4 2018 derived mainly from higher sales in North
America and in China by the YPH joint venture. Production of pure phosphoric acid was lower in Q4 2018, mainly due to lower production
in Brazil in alignment with market demand. The increase in the production of pure phosphoric acid in 2018 is attributed to increased
production in Israel and China and to increased demand in China.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Results Analysis October&ndash; December
2018</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Segment profit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold">Q4 2017 figures</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;487</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(464)</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;23</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Divested businesses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(6)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">8</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">2</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Q4 2017 figures (excluding divested businesses)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;481</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(456)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">25</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(10)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;5</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(5)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;38</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">38</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(14)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;15</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">1</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(12)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(12)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(4)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(4)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(5)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(5)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Q4 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">495</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">(457)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">38</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><I>See annual results analysis
in the Appendix.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.15pt 0pt 0; text-align: justify">The increase in the segment&rsquo;s
profit in Q4 2018 derived mainly from higher selling prices and lower operating costs as a result of efficiency measures, which
more than compensated for higher raw material and marine transportation prices, lower sales volume of phosphate specialties, inventory
write-off in China and insurance income in Israel recorded in the corresponding quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.15pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.15pt 0pt 0; text-align: justify">The increase in segment profit
in 2018 derived from higher prices throughout the phosphate value chain due to higher commodity and specialty prices, lower operating
costs as a result of efficiency measures and from favorable exchange rates (mainly the contribution of the upward revaluation of
the euro to sales in dollar terms). These were partly offset by higher raw material and transportation prices, lower sales volumes,
inventory write-off in China and an insurance income recorded in 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.15pt 0pt 0; 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"><IMG SRC="image_004.jpg" ALT="">&nbsp;</P><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><B>Innovative Ag Solutions </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ICL's Innovative Ag Solutions (&ldquo;IAS&rdquo;)
segment was established on the foundations of the ICL's specialty fertilizers business. The segment aims to achieve global leadership
by enhancing its global positions in its core markets of specialty agriculture, ornamental horticulture, turf and landscaping.
The segment targets high-growth markets such as Latin America, India and China and by leveraging its R&amp;D capabilities, vast
agronomic know-how, global footprint, backward integration to potash and phosphate, chemistry know-how as well as by utilizing
M&amp;A opportunities. The segment also functions as ICL&rsquo;s innovative arm, which seeks to leverage its R&amp;D capabilities
and to implement digital innovations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The IAS segment's annual top line growth
was in-line with the strong growth in the specialty fertilizers market, with increased sales to the growing markets of China, Brazil
and India. Profit margins eroded as a result of the segment&rsquo;s continued realignment of its business to promote its growth
and market leadership. Sales in the fourth quarter decreased due to plant maintenance in Israel and in China and due to currency
fluctuations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">ICL&rsquo;s IAS segment accounted
for 10% of sales and 1% of profit attributed to segments in Q4 2018, compared to 11% of sales and 3% of profit attributed to segments
in the Q4 2017. The segment accounted for 13% of sales and 6% of profit attributed to segments in 2018, compared to 12% of sales
and 6% of profit attributed to segments in 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Significant Highlights and Business Environment</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Q4 2018 sales were
lower compared to the corresponding quarter last year, mainly due to lower sales in the specialty agriculture market as a result
of inventory management policy, product availability due to a ramp-up in the Company's CRF fertilizers plant in North America,
lower sales in Turkey due to currency risk and a particularly strong Q4 in 2017. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">The decrease was
partly offset by an increase in sales of chemicals, mainly sulfuric acid and caustic soda.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sales in the growing
emerging markets of China, India and Brazil increased due to increased demand for specialty fertilizers. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sales in Europe
were mostly stable, while sales in North America continue to be affected by competitive pressure and by the ramp-up of the segment&rsquo;s
plant in Summerville, US. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Prices of straight
fertilizers (mainly MKP and PeKacid) increased in Q4 2018 compared to Q4 2017.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sales to the turf
and ornamental markets were generally stable. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding-right: 14.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">ICL's efforts to
identify sustainable sourcing of ammonia resulted in a partial recovery, though historical sales volumes have not yet been achieved.
</FONT></TD></TR></TABLE>

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


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Results of Operations</U></B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 40%; border-top: #4F81BD 1pt solid; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">10-12/2018</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">10-12/2017</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">1-12/2018</TD>
    <TD STYLE="width: 15%; border-top: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; border-left: white 2.25pt solid; text-align: center; font-weight: bold">1-12/2017</TD></TR>
<TR>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-right: white 2.25pt solid; border-bottom: #4F81BD 1pt solid; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; background-color: white; text-align: center; font-weight: bold">$ millions</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; border-left: white 2.25pt solid; text-align: center; font-weight: bold">$ millions</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold; text-align: left">Total Sales</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;147</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">&nbsp;156</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;741</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">692</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;&nbsp;&nbsp;Sales to external customers</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;142</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;148</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;719</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">671</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;&nbsp;&nbsp;Sales to internal customers</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;5</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right">&nbsp;8</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;22</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right">21</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Segment profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;8</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;57</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">56</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Depreciation and Amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;6</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;19</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">Capital expenditures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;7</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right">&nbsp;5</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;15</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right">12</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Results Analysis October&ndash; December 2018</U></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Segment profit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; font-weight: bold">Q4 2017 figures</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;156</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(148)</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;8</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(9)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;5</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(4)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;4</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">4</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(4)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;3</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(1)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(1)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(1)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(4)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(4)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Q4 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">147</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">(145)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right">2</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><I>See annual results analysis
in the Appendix.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The segment's performance in Q4 2018 was
negatively impacted by lower sales of specialty agriculture products, largely of straight fertilizers and water-soluble NPK and
from an increase in other expenses as a result of higher labor costs, inventory write-offs and insurance income recorded in Q4
2017. These were partially offset by an increase in the selling prices of specialty agriculture products, mainly straight fertilizers
and chemicals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The segment's performance in 2018 was positively
impacted by higher sales volumes, mainly of liquid and water soluble NPKs as well as straight fertilizers, higher prices and favorable
exchange rates, partially offset by higher raw material costs.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ICL's Board of Directors declared the final
dividend distribution out of 2018 financial results at the amount of about 4.8 cents per share or about $62 million. The dividend
will be paid on March 13, 2019, with a record date of February 28, 2019.</P>

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

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

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

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B><I>##</I></B></FONT></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About ICL</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt; text-align: justify">ICL is a global specialty minerals
and chemicals company operating bromine, potash, and phosphate mineral value chains in a unique, integrated business model. ICL
extracts raw materials from well-positioned mineral assets and utilizes technology and industrial know-how to add value for customers
in key agricultural and industrial markets worldwide. ICL focuses on strengthening leadership positions in all of its core value
chains. It also plans to strengthen and diversify its offerings of innovative agro solutions by leveraging ICL&rsquo;s existing
capabilities and agronomic know-how, as well as the Israeli technological ecosystem. ICL shares are dually listed on the New York
Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 11,000 people worldwide, and
its sales in 2018 totaled approximately US$5.6 billion. For more information, visit the Company's website at www.icl-group.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt; text-align: justify"><B>Forward Looking Statement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt; text-align: justify">This press release contains statements
that constitute &ldquo;forward-looking statements&rdquo;, many of which can be identified by the use of forward-looking words such
as &ldquo;anticipate&rdquo;, &ldquo;believe&rdquo;, &ldquo;could&rdquo;, &ldquo;expect&rdquo;, &ldquo;should&rdquo;, &ldquo;plan&rdquo;,
&ldquo;intend&rdquo;, &ldquo;estimate&rdquo; and &ldquo;potential&rdquo; among others. Forward-looking statements include, but
are not limited to assessments and judgments regarding macro-economic conditions and ICL&rsquo;s markets, operations and financial
results. Forward-looking assessments and judgments are based on our management&rsquo;s current beliefs and assumptions and on information
currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially
from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, market
fluctuations, especially in ICL&rsquo;s manufacturing locations and target markets ;the difference between actual resources and
our resources estimates ;changes in the demand and price environment for ICL's products as well as the cost of shipping and energy,
whether caused by actions of governments, manufacturers or consumers ;changes in the capital markets, including fluctuations in
currency exchange rates, credit availability, interest rates;changes in the competition structure in the market;and the factors
in &ldquo;Item 3. Key Information&mdash;D. Risk Factors&rdquo; in the Company's annual report on Form 20-F filed with the U.S.
Securities and Exchange Commission (the &quot;SEC&quot;) on March 7, 2018 and other filings from time to time with the SEC. 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 press release, whether as a result of new information, future developments or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.4pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">##</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>(Financial tables follow and are also
available in<BR>
Excel format on our website located at www.icl-group.com)</B></P>

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: -0.55pt"><I>We
disclose in this quarterly press release non-IFRS financial measures titled sales excluding divested businesses, adjusted operating
income, adjusted operating income excluding divested businesses, adjusted net income, adjusted net income excluding divested businesses,
adjusted EPS attributable to the Company&rsquo;s shareholders excluding divestments and adjusted EBITDA excluding divested businesses.
Our management uses these measures to facilitate operating performance comparisons from period to period. We calculate our sales
excluding divested businesses by adjusting our sales to exclude sales attributable to the Fire Safety and Oil Additives (P<SUB>2</SUB>S<SUB>5</SUB>)
business (divested in Q1 2018) and Rovita (divested in Q3 2018), as set forth in the reconciliation table &ldquo;[Adjustments to
reported operating and net income]&rdquo; below. We calculate our adjusted operating income by adjusting our operating income to
add certain items, as set forth in the reconciliation table &ldquo;Adjustments to reported operating and net income&rdquo; below.
Certain of these items may recur. We calculate our adjusted operating income excluding divested businesses by adjusting our adjusted
operating income to exclude the results of the Fire Safety and Oil Additives (P<SUB>2</SUB>S<SUB>5</SUB>) business (divested in
Q1 2018) and Rovita (divested in Q3 2018), as set forth in the reconciliation table &ldquo;Adjustments to reported operating and
net income. 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 &ldquo;Adjustments to reported
operating and net income&rdquo; below, excluding the total tax impact of such adjustments and adjustments attributable to the non-controlling
interests. We calculate our adjusted net income attributable to the Company&rsquo;s shareholders excluding divested businesses
by adjusting our adjusted net income attributable to the Company&rsquo;s shareholders to exclude the results of the Fire Safety
and Oil Additives (P<SUB>2</SUB>S<SUB>5</SUB>) business (divested in Q1 2018) and Rovita (divested in Q3 2018), as set forth in
the reconciliation table &ldquo;Adjustments to reported operating and net income&rdquo; below. We calculate adjusted EPS excluding
divestments as adjusted net income excluding divested businesses divided by weighted-average diluted number of ordinary shares
outstanding as provided in the reconciliation table &quot;Adjustments to reported operating and net income&quot; below. We calculate
our adjusted EBITDA excluding divested businesses 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
&ldquo;Adjusted EBITDA for the periods of activity&rdquo; below and excluding the contributions of the results of the Fire Safety
and Oil Additives (P<SUB>2</SUB>S<SUB>5</SUB>) business (divested in Q1 2018) and Rovita (divested in Q3 2018), which were adjusted
for in calculating the adjusted operating income and adjusted net income attributable to the Company&rsquo;s shareholders.&nbsp;
&nbsp; </I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: -0.55pt"><I>You
should not view sales excluding divested businesses, adjusted operating income, adjusted operating income excluding divested businesses,
adjusted net income attributable to the Company&rsquo;s shareholders, adjusted net income attributable to the Company&rsquo;s shareholders
excluding divested businesses, adjusted EPS attributable to the Company&rsquo;s shareholders excluding divestments or adjusted
EBITDA excluding divested businesses as a substitute for sales, 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 sales excluding divested businesses,
adjusted operating income, adjusted operating income excluding divested businesses, adjusted net income attributable to the Company&rsquo;s
shareholders, adjusted net income attributable to the Company&rsquo;s shareholders excluding divested businesses and adjusted EBITDA
excluding divested businesses may differ from those used by other companies. However, we believe adjusted operating income, adjusted
net income attributable to the Company&rsquo;s shareholders, adjusted net income attributable to the Company&rsquo;s shareholders
excluding divested businesses, adjusted EPS attributable to the Company&rsquo;s shareholders excluding divestments and adjusted
EBITDA excluding divested businesses provide useful information to both management and investors by excluding certain results and
expenses that management believes are not indicative of our ongoing operations, in particular the divestments of the Fire Safety
and Oil Additives business (divested in Q1 2018) and the Rovita business (divested in Q3 2018), as we no longer own these businesses.
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 Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 28.35pt; text-align: justify; text-indent: -0.55pt">&nbsp;</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0.3in; text-align: justify; text-indent: -0.3in"><B>Condensed
Consolidated Statements of Income (Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0.3in; text-align: justify; text-indent: -0.3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(In millions, except per share data)</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">For the three-month  <BR>period ended</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">For the year ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2017</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2017</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%">Sales</TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,410</FONT></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="color: Black">1,361</FONT></TD><TD STYLE="width: 3%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5,556</FONT></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="color: Black">5,418</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">Cost of sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">903</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">932</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">3,702</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">3,746</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Gross profit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">507</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">429</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,854</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">1,672</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Selling, transport and marketing expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">210</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">189</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">798</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">746</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">General and administrative expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">62</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">70</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">257</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">261</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Research and development expenses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">13</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">15</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">55</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">55</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Other expenses (income), net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">56</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(34)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(775)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(19)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Operating income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">166</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">189</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,519</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">629</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Finance expenses, net</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">66</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">25</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">158</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">124</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Share in earnings (losses) of equity-accounted investees</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">3</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(2)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">3</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Income before income taxes</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">103</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">162</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,364</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">505</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Provision for income taxes</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">19</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">13</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">129</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">158</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net income</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">84</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">149</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,235</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">347</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net income (loss) attributable to the non-controlling interests</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(6)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(5)</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(17)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net income attributable to the shareholders of the Company</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">82</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">155</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,240</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">364</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Earnings per share attributable to the shareholders of the Company:</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Basic earnings per share (in dollars)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">0.06</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">0.12</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">0.97</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">0.29</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Diluted earnings per share (in dollars)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">0.06</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">0.12</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">0.97</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">0.29</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Weighted-average number of ordinary shares outstanding:</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Basic (in thousands)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,278,064</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">1,277,099</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 3pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,277,209</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">1,276,072</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Diluted (in thousands)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 3pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,283,152</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">1,277,947</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 3pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,279,781</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">1,276,997</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B>Condensed Consolidated Statements of Financial
Position (Unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">December
    31, 2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">December 31, 2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Current assets</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%; text-align: left">Cash and cash equivalents</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 15%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">121</FONT></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 15%; text-align: right">83</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Short-term investments and deposits</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">92</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">90</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Trade receivables</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">990</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">932</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Inventories</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,290</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,226</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Assets held for sale</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">169</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other receivables</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">268</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">225</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total current assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2,761</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,725</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Non-current assets</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Investments in equity-accounted investees</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">30</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Investments at fair value through other comprehensive income</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">145</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">212</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Deferred tax assets</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">122</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">132</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Property, plant and equipment</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">4,663</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,521</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Intangible assets</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">671</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">722</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other non-current assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">357</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">373</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total non-current assets</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5,988</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,989</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">8,749</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">8,714</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Current liabilities</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Short-term credit</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">610</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">822</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Trade payables</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">715</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">790</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Provisions</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">37</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">78</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Liabilities held for sale</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">43</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other current liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">620</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">595</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total current liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,982</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,328</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Non-current liabilities</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Long-term debt and debentures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,815</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,388</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Deferred tax liabilities</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">297</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">228</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Long-term employee provisions</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">501</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">640</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Provisions</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">229</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">193</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Other non-current liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">10</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total non-current liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2,852</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,456</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-size: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total liabilities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">4,834</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,784</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Equity</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total shareholders&rsquo; equity</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">3,781</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,859</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Non-controlling interests</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">134</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">71</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total equity</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">3,915</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,930</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total liabilities and equity</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">8,749</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">8,714</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Condensed Consolidated Statements of Cash Flows (Unaudited)</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">For
    the three-month period ended</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">For
    the year ended</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2017</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2017</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="color: Black">Cash flows from operating activities</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; text-align: left"><FONT STYLE="color: Black">Net income</FONT></TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">84</FONT></TD><TD STYLE="width: 2%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="color: Black">149</FONT></TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,235</FONT></TD><TD STYLE="width: 2%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; text-align: right"><FONT STYLE="color: Black">347</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Adjustments for:</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Depreciation and amortization</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">107</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">104</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">403</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">390</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">Impairment</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">14</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">17</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">28</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Exchange rate and interest expenses, net</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(8)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">27</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">35</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">137</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Share in (losses) earnings of equity-accounted investees, net</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(3)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(3)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Gain from divestiture of businesses</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(48)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(841)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(54)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Other capital losses</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">3</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Share-based compensation</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">3</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">19</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">16</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Deferred tax expenses (income)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">12</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(34)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">76</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(46)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">110</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">71</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(294)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">471</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Change in inventories</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(56)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(48)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(115)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">57</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Change in trade and other receivables</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">13</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">61</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(104)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">21</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Change in trade and other payables</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">67</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">38</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(36)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(45)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Change in provisions and employee benefits</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">6</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">6</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(66)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="color: Black">Net change in operating assets and liabilities</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">30</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">57</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(321)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">29</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Net cash provided by operating
    activities</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">224</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">277</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">620</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">847</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="color: Black">Cash flows from investing activities</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Proceeds from deposits, net</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(10)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(6)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(3)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(65)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Purchases of property, plant and equipment and intangible assets</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(179)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(140)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(572)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(457)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Proceeds from divestiture of businesses net from transaction expenses
    paid</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(4)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">902</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Proceeds from sale of equity-accounted investee</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">168</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">168</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Dividends from equity-accounted investees</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Proceeds from sale of property, plant and equipment</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">12</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Net cash provided by (used
    in) investing activities</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(191)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">22</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">331</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(333)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="color: Black">Cash flows from financing activities</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Dividends paid to the Company's shareholders</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(65)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(56)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(241)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(237)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Receipt of long-term debt</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">270</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">70</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,746</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">966</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Repayment of long-term debt</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(126)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(353)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(2,115)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(1,387)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Short-term credit from banks and others, net</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(90)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">18</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(283)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">147</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">Other</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(1)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Net cash used in financing
    activities</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(12)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(321)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(894)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(511)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="color: Black">Net change in cash and cash equivalents</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">21</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(22)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">57</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Cash and cash equivalents as at the beginning of the period</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">102</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">109</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">88</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">87</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Net effect of currency translation on cash and cash equivalents</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(2)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">1</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(24)</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">(2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Cash and cash equivalents included as part of
    assets held for sale</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(5)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="color: Black">(5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Cash and cash equivalents
    as at the end of the year</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">121</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">83</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">121</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="color: Black">83</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt; color: Black">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><IMG SRC="image_004.jpg" ALT="">&nbsp;</P><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">For the three-month period ended</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">For the year ended</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">December 31, 2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid"><FONT STYLE="color: Black">December 31,
    2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">December 31, 2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; text-align: left">Income taxes paid</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">21</FONT></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">70</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">56</FONT></TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: right">127</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">Interest paid</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">31</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">37</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">103</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right">111</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Adjustments to Reported Operating and
Net Income</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">10-12/2018</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">10-12/2017</TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">1-12/2018</FONT></TD><TD STYLE="font-weight: bold; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">1-12/2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Operating income</TD><TD STYLE="width: 2%; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">166</FONT></TD><TD STYLE="width: 2%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right; width: 12%">189</TD><TD STYLE="width: 2%; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,519</FONT></TD><TD STYLE="width: 2%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right; width: 12%">629</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital gain (1)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(48)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(841)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(54)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Impairment of assets (2)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">19</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Provision for early retirement and dismissal of employees (3)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">7</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Provision for legal claims (4)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">30</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">31</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Provision for closure costs (5)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">18</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">18</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Total adjustments to operating income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">48</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(21)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(766)</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: normal; text-align: left; padding-bottom: 1pt">Contribution from divested businesses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(15)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(3)</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(122)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Adjusted operating income excluding divested businesses</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">214</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">153</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">750</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">530</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net income attributable to the shareholders of the Company</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">82</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">155</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,240</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">364</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">EPS attributable to the shareholders of the Company (diluted)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">0.06</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.12</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">0.97</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.29</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total adjustments to operating income</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">48</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(21)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(766)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Adjustments to finance expenses (6)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">7</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">10</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Total tax impact of the above operating income &amp; finance expenses adjustments</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(13)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(7)</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Tax assessment and deferred tax adjustments (7)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Contribution from divested businesses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(7)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(66)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total adjusted net income excluding divested businesses - shareholders of the Company</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">124</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">135</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">478</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">323</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Adjusted EPS attributable to the shareholders of the Company (diluted)</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">0.10</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.11</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">0.37</FONT></TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">0.25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Weighted-average number of ordinary shares outstanding (basic, in thousands):</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,278,064</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,277,099</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,277,209</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,276,072</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Weighted-average number of ordinary shares outstanding (diluted, in thousands):</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,283,152</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,277,947</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,279,781</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,276,997</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* See reconciliation of sales excluding divested businesses
in the table &quot;Results Analysis October-December 2018&quot; above and &quot;&quot;Results Analysis January-December 2018&quot;
below.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In 2018, capital gain from the sale of the Fire Safety and Oil Additives
(P<SUB>2</SUB>S<SUB>5</SUB>) businesses. In 2017, additional consideration received regarding earn-out of 2015 divestitures, capital
gain from IDE divestiture and capital gain from deconsolidation of Allana Afar in Ethiopia.</TD></TR></TABLE>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><IMG SRC="image_004.jpg" ALT="">&nbsp;</P><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Impairment in value and write-down of assets. In 2018, write-off of Rovita&rsquo;s
assets following its divestment and write-off of an intangible asset regarding a specific ICL R&amp;D project related to ICL&rsquo;s
phosphate-based products. In 2017, relating to impairment of an intangible asset in Spain, write-down of an investment in Namibia
and impairment of assets in China and the Netherlands.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Provision for early retirement and dismissal of employees in accordance
with the Company&rsquo;s comprehensive global efficiency plan in its production facilities throughout the group. In 2018, provisions
relating to the Company&rsquo;s facilities in the United Kingdom (Boulby mine) and Israel (Rotem). In 2017, provisions relating
to Rotem, and to subsidiaries in North America and Europe.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Provision for legal claims. In 2018, an increase of a provision in connection
with prior periods in respect of royalties&rsquo; arbitration in Israel, partly offset by a VAT refund related to prior periods
in Brazil (2002-2015). In 2017, judgment relating to a dispute with the National Company for Roads in Israel regarding damage caused
to bridges by DSW, a decision of the European Commission concerning past grants received by a subsidiary in Spain, claims for damages
related to the contamination of the water in certain wells at the Suria site in Spain, a provision in connection with prior periods
in respect of royalties&rsquo; arbitration in Israel, reversal of the provision for retroactive electricity charges in connection
with prior periods and settlement of the dispute with Great Lakes (a subsidiary of Chemtura Corporation).</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Provision for site closure cost<B>.</B> In 2018, an increase in the provision
in connection with the Sallent site closure costs as part of the restoration solution.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">Interest and linkage expenses. In 2018, an increase in the provision related
to the royalties&rsquo; arbitration in Israel (see also above) and in 2017 related to a decision of the European Commission in
the third quarter, which was fully offset by income in connection with the resolution of the Appeals Court for Tax Matters in Belgium
in the following quarter.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD STYLE="text-align: justify; padding-right: 14.2pt">In 2017, an internal transaction in preparation of the low-synergy business
divestitures, resulting in tax liabilities (see also capital gain from divestment of the Fire Safety and Oil Additives businesses
above), and tax income relating to the resolution of the Appeals Court for Tax matters in Belgium.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B>Calculation of Adjusted EBITDA:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">10-12/2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">1-12/2018</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; text-align: left; padding-bottom: 2.5pt">Net income attributable to the shareholders of the Company</TD><TD STYLE="width: 2%; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">82</FONT></TD><TD STYLE="width: 2%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right; width: 12%">155</TD><TD STYLE="width: 2%; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,240</FONT></TD><TD STYLE="width: 2%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right; width: 12%">364</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation and Amortization</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">107</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">104</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">403</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">390</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Financing expenses, net</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">66</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">158</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">124</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Taxes on income</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">19</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">129</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">158</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">Adjustments *</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">48</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(21)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(766)</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">23</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Contribution from divested businesses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(4)</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(131)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total adjusted EBITDA excluding divested businesses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">322</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">259</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,160</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">928</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><I>* See &quot;Adjustments to reported operating
and net income (Non-GAAP)&quot; above.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Results Analysis January
&ndash; December 2018</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Operating income</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; font-weight: bold; text-align: left">YTD 2017 figures</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;5,418</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(4,789)</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;629</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total adjustments YTD 2017*</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">-</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">23</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">23</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Adjusted YTD 2017 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;5,418</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(4,766)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">652</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Divested businesses</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">(343)</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">221</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">(122)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Adjusted YTD 2017 figures (excluding divested businesses)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;5,075</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(4,545)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">530</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(87)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;77</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(10)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;419</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">419</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;99</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(93)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">6</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(88)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(88)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(2)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(2)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(41)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(41)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">-</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">(64)</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">(64)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Adjusted YTD 2018 figures excluding divested businesses</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;5,506</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(4,756)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">750</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Total adjustments YTD 2018*</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">-</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">766</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">766</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Divestments' contribution 2018</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">50</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">(47)</TD><TD STYLE="color: #4F81BD; font-weight: normal; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: normal; text-align: right">3</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">YTD 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">5,556</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">(4,037)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">1,519</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><I>* See &quot;Adjustments to reported operating
and net income (Non-GAAP)&quot; above.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Results Analysis January
&ndash; December 2018 &ndash; Industrial Products:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Segment profit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; font-weight: bold; text-align: left">YTD 2017 figures</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,193</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(890)</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;303</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;22</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(19)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">3</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;70</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">70</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;11</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(11)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_003.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(13)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(13)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(2)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(2)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;1</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">1</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(12)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(12)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">YTD 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">1,296</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">(946)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">350</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; text-align: center"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

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


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Results Analysis January
&ndash; December 2018 &ndash; Potash:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Segment profit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; font-weight: bold; text-align: left">YTD 2017 figures</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;1,383</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(1,101)</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;282</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;21</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(25)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(4)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;197</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">197</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;22</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(27)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(5)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(3)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(3)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(32)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(32)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(42)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(42)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">YTD 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">1,623</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">(1,230)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">393</TD><TD STYLE="color: #4F81BD; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 2.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 2.5pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Results Analysis January
&ndash; December 2018 &ndash; Phosphate Solutions:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Segment profit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; font-weight: bold; text-align: left">YTD 2017 figures</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;2,037</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(1,888)</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">149</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Divested businesses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(15)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">18</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">3</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">YTD 2017 figures (excluding divested businesses)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;2,022</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(1,870)</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right">152</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(109)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;97</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(12)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;142</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">142</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;44</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(33)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">11</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(62)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(62)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Energy</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;1</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">1</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Transportation</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(10)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(10)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(14)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(14)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">YTD 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">2,099</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">(1,891)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">208</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Results Analysis January
&ndash; December 2018 &ndash; IAS:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Expenses</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">Segment profit</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid">$ millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; font-weight: bold; text-align: left">YTD 2017 figures</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;692</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;(636)</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: right">&nbsp;56</TD><TD STYLE="width: 2%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 12%; color: #4F81BD; font-weight: bold; text-align: center"></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Quantity</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;17</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(13)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">4</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Price</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;13</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">13</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Exchange rate</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;19</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(17)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">2</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_002.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Raw materials</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">&nbsp;(14)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: right">(14)</TD><TD STYLE="color: #4F81BD">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Operating and other expenses</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">-</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(4)</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: right">(4)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; text-align: center"><IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">YTD 2018 figures</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">741</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">(684)</TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; color: #4F81BD; font-weight: bold; text-align: right">57</TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; text-align: center; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B>Sales by Main Countries:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>$</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>millions</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>%
                                         of</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>sales</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>millions</B></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>% of</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>sales</B></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>$</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>millions</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>%
                                         of</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>sales</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>millions</B></P></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>% of</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>sales</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%">China</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 6%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">291</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 6%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">21</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">213</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">16</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 6%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">848</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 6%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">15</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">724</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">13</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>USA</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">215</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">15</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">241</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">903</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">16</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,091</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Brazil</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">184</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">13</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">144</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">656</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">12</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">594</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>India</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">81</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">6</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">68</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">211</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">200</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">United Kingdom</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">79</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">6</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">83</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">382</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">7</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">328</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Germany</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">76</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">94</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">365</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">7</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">378</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Israel</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">63</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">41</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">223</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">171</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Spain</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">59</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">64</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">262</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">264</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>France</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">55</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">4</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">67</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">267</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">265</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Italy</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">24</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">125</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">121</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">All other</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black"><B>283</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black"><B>20</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">314</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">22</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black"><B>1,314</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="color: Black"><B>23</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,282</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">24</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: Black"><B>1,410</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: Black"><B>100</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,361</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">100</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: Black"><B>5,556</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; text-align: right"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; border-bottom: rgb(79,129,189) 2.5pt double"><FONT STYLE="color: Black"><B>100</B></FONT></P> </TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,418</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">100</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B></B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><B>Sales by Geographical Regions:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">10-12/2017</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2018</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid">1-12/2017</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ <BR>millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">% <BR>of
    sales</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ <BR>millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">% of  <BR>sales</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$ <BR>millions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">% of
    <BR>sales</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$  <BR>millions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">% of  <BR>sales</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%">Asia</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 6%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;469</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 6%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">33</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">&nbsp;396</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">29</TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 6%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;1,488</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 6%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">27</FONT></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">&nbsp;1,342</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%; text-align: right">25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Europe</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;418</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">30</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;465</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">34</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;1,970</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">35</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,918</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">North America</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;234</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">17</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;260</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;978</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">18</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;1,175</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">22</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">South America</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;198</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">14</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;160</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">712</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold">&nbsp;</TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">13</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;666</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Rest of the world</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">91</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">6</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">80</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">408</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">7</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">317</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt">Total</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,410</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">100</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,361</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">100</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5,556</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">100</FONT></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,418</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">100</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><U>Asia</U> &ndash;the increase
in Q4 2018 derives mainly from an increase in the quantities sold and selling prices of potash together with an increase in the
quantities sold of phosphate fertilizers and phosphate-based food additives. Annual sales increased as a result of an increase
in quantities sold of potash, dairy proteins and specialty agriculture products, together with an increase in the selling prices
of phosphate fertilizers and bromine-based flame retardants and industrial solutions. The increase was partly offset by a decline
in green phosphoric acid quantities sold.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><U>Europe</U> &ndash; the decrease
derives mainly from the divestiture of the Fire-Safety, Oil Additives (P<SUB>2</SUB>S<SUB>5</SUB>) and the Rovita businesses together
with a decrease in the quantities sold of Potash and phosphate fertilizers. The decrease was partly offset by an increase in phosphate
fertilizers selling prices. Annual sales increased as a result of higher sales quantities and selling prices of potash and bromine-based
flame retardants, quantities sold of specialty agriculture products, selling prices of phosphorous-based flame retardants, together
with the positive impact of the upward revaluation of the euro against the dollar. The increase was partly offset mainly as a result
of the divestiture of the Fire-Safety, Oil Additives (P<SUB>2</SUB>S<SUB>5</SUB>) and the Rovita businesses together with a decline
in sales quantities of green phosphoric acid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><U>North America</U> &ndash;
the decrease derives mainly from the divestiture of the Fire Safety and Oil Additives (P<SUB>2</SUB>S<SUB>5</SUB>) businesses.
The decrease was partly offset by an increase in the quantities sold of phosphate fertilizers and clear brine fluids. Annual sales
decreased as a result of the divestiture of the Fire Safety and Oil Additives (P<SUB>2</SUB>S<SUB>5</SUB>) businesses and a decrease
in the quantities sold of potash. The decrease was partly offset by an increase in the selling prices and quantities sold of phosphate
fertilizers, quantities sold of clear brine fluids and phosphorous-based flame retardants and selling prices of potash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><U>South America</U> &ndash;
the increase derives mainly from an increase in selling prices and the quantities sold of potash. The increase in annual sales
is attributed to an increase in selling prices of potash, partly offset by a decrease in potash quantities sold.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify"><U>Rest of the world</U> &ndash;
the increase derives mainly from sales of electricity surplus to third parties from ICL's new power plant in Sodom, partly offset
by a decrease in the quantities sold of dairy protein products. The increase in annual sales is attributed to an increase in the
quantities sold of dairy proteins products, clear brine fluids and electricity surplus to third parties from ICL's new power plant
in Sodom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>Operating segment data:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 28.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Industrial
    Products</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Potash</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Phosphate Solutions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Innovative
    Ag Solutions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Other
    <BR>Activities</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Adjustments</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: #4F81BD 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Consolidated</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="13" STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$
    millions</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold"><FONT STYLE="color: Black">For the three-month period ended December 31, 2018</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; text-align: left"><FONT STYLE="color: Black">Sales to external parties</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;316</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;472</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;471</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;142</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;9</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,410</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Inter-segment sales</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">4</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">43</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">24</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(77)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="color: Black">Total sales</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">320</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">515</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">495</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">147</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">10</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(77)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,410</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Segment profit</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">83</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">158</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">38</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(5)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">276</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">General and administrative expenses</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(62)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Other expenses not allocated to the segments</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(48)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Operating income</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">166</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Financing expenses, net</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(66)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Share in earnings of equity-accounted investee</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="color: Black">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Income before taxes on income</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">103</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Capital expenditures</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;12</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;133</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;53</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;7</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;4</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;2</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">211</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Depreciation, amortization and impairment</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;16</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;40</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;42</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;5</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;1</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;3</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">107</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

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


<!-- Field: Page; Sequence: 31 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><IMG SRC="image_004.jpg" ALT="">&nbsp;</P><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Industrial Products</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Potash</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Phosphate Solutions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Innovative Ag Solutions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Other  <BR>Activities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Adjustments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Consolidated</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">For the three-month period ended December 31, 2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; text-align: left">Sales to external parties</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;298</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;381</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;460</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;148</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;74</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">-</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">1,361</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Inter-segment sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">5</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">33</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">27</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">8</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">4</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(77)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Total sales</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">303</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">414</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">487</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">156</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">78</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(77)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,361</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Segment profit</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">73</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">119</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">23</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">8</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">16</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">238</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">General and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(70)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Other expenses not allocated to the segments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">21</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Operating income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">189</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Financing expenses, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(25)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Share in earnings of equity-accounted investee</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Income before taxes on income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">162</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital expenditures</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;17</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;119</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;29</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;5</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;16</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">186</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation, amortization and impairment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;15</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;36</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;45</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;6</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;2</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;14</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">118</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(79,129,189) 1pt solid; text-align: right"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0"><BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14.2pt 0pt 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><IMG SRC="image_004.jpg" ALT="">&nbsp;</P><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Industrial
    Products</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Potash</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Phosphate
    Solutions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Innovative
    Ag Solutions</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Other <BR>Activities</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Adjustments</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">Consolidated</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD COLSPAN="13" STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="color: Black">$
    millions</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold"><FONT STYLE="color: Black">For the year ended December 31, 2018</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; text-align: left"><FONT STYLE="color: Black">Sales to external parties</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;1,281</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;1,481</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;2,001</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;719</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;74</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD><TD STYLE="width: 1%; color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5,556</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Inter-segment sales</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">15</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">142</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">98</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">22</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(282)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">-</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt"><FONT STYLE="color: Black">Total sales</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,296</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,623</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">2,099</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">741</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">79</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(282)</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">5,556</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt"><FONT STYLE="color: Black">Segment profit</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">350</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">393</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">208</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">57</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">9</FONT></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(7)</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,010</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">General and administrative expenses</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(257)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Other income not allocated to the segments</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">766</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Operating income</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 1pt solid; color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,519</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Financing expenses, net</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">(158)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Share in earnings of equity-accounted investee</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Income before taxes on income</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">1,364</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Capital expenditures</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;50</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;356</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;176</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;15</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;5</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;3</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">605</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left"><FONT STYLE="color: Black">Depreciation, amortization and impairment</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;63</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;141</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;172</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;19</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;4</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right"><FONT STYLE="color: Black">&nbsp;21</FONT></TD><TD STYLE="font-weight: bold"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #4F81BD 2.5pt double; font-weight: bold; text-align: right"><FONT STYLE="color: Black">420</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="color: #4F81BD; font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="color: #4F81BD; font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="font-weight: bold; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center; border-top: rgb(79,129,189) 1pt solid">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Industrial Products</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Potash</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Phosphate Solutions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Innovative Ag Solutions</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Other <BR>Activities</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Adjustments</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; border-top: rgb(79,129,189) 1pt solid; border-bottom: rgb(79,129,189) 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: rgb(79,129,189) 1pt solid; border-top: rgb(79,129,189) 1pt solid">Consolidated</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="13" STYLE="font-weight: bold; text-align: center">$ millions</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">For the year ended December 31, 2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 44%; text-align: left">Sales to external parties</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;1,179</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;1,258</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;1,938</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;671</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;372</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">-</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">5,418</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Inter-segment sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">14</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">125</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">99</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">21</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">12</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(271)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Total sales</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,193</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,383</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">2,037</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">692</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">384</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(271)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,418</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Segment profit</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">303</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">282</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">149</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">56</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">127</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">913</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">General and administrative expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(261)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Other expenses not allocated to the segments</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">(23)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Operating income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">629</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Financing expenses, net</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(124)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Income before taxes on income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">505</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Capital expenditures</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;49</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;270</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;154</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;12</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;19</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;3</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">507</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Depreciation, amortization and impairment</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;61</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;128</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;172</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;19</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;8</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;30</TD><TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right">418</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-bottom: rgb(79,129,189) 1pt solid"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR>
</TABLE>

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


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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Israel Chemicals Ltd.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Kobi Altman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 27%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 2pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 52%; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Kobi Altman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Israel Chemicals Ltd.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Aya Landman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 27%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 2pt"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 52%; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Aya Landman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 2pt"><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Global Company Secretary</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Date: February 6, 2019</P>

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


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<TYPE>GRAPHIC
<SEQUENCE>2
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begin 644 image_001.jpg
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begin 644 image_002.jpg
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<DOCUMENT>
<TYPE>GRAPHIC
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<FILENAME>image_003.jpg
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begin 644 image_003.jpg
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
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<TEXT>
begin 644 image_004.jpg
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end
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</SEC-DOCUMENT>
