<SEC-DOCUMENT>0000950103-19-006030.txt : 20190507
<SEC-HEADER>0000950103-19-006030.hdr.sgml : 20190507
<ACCEPTANCE-DATETIME>20190507060039
ACCESSION NUMBER:		0000950103-19-006030
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20190507
FILED AS OF DATE:		20190507
DATE AS OF CHANGE:		20190507

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:		19801056

	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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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">UNITED STATES</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Washington, D.C. 20549</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">FORM 6-K</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: 6.85pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -6.85pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: 6.85pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -6.85pt">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: 6.85pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -6.85pt">THE SECURITIES EXCHANGE ACT OF 1934</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">For the month of May, 2019</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Commission File Number: 001-13742</div>

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<div style="FONT-SIZE: 16pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">ISRAEL CHEMICALS LTD.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">(Exact name of registrant as specified in its charter)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Israel Chemicals Ltd.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Millennium Tower</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">23 Aranha Street</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">P.O. Box 20245</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Tel Aviv, 61202 Israel</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">(972-3) 684-4400</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">(Address of principal executive office)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form 40-F:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">ISRAEL CHEMICALS LTD.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">INCORPORATION BY REFERENCE</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">This report on Form 6-K shall be deemed to be incorporated by reference into the registration statement on Form S-8 (Registration Number: 333-205518) of Israel Chemicals Ltd. and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. In addition, this report on Form 6-K shall be deemed to be incorporated by reference into the Israeli Shelf Prospectus of Israel Chemicals Ltd. filed with the Israel Securities Authority and dated March 4, 2019 (Filing Number: 2019-02-018507) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">ISRAEL CHEMICALS LTD.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">1.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2019 Results</div>
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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">FORWARD-LOOKING STATEMENTS</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">This announcement contains statements that constitute &#8220;forward&#8209;looking statements&#8221;, many of which can be identified by the use of forward&#8209;looking words such as &#8220;anticipate&#8217;&#8221;, &#8220;believe&#8221;, &#8220;could&#8221;, &#8220;expect&#8221;, &#8220;should&#8221;, &#8220;plan&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221; and &#8220;potential&#8221;, among others.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Forward&#8209;looking statements appear in a number of places in this announcement and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward&#8209;looking statements are based on our management&#8217;s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and the actual results may differ materially from those expressed or implied in the forward&#8209;looking statements due to various factors, including, but not limited to: </div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Loss or impairment of business licenses or mining permits or concessions; volatility of supply and demand and the impact of competition; the difference between actual reserves and our reserve estimates; natural disasters; failure to raise the water level in evaporation Pond 5 in the Dead Sea; construction of a new pumping station; disruptions at our seaport shipping facilities or regulatory restrictions affecting our ability to export our products overseas; general market, political or economic conditions in the countries in which we operate; price increases or shortages with respect to our principal raw materials; delays in the completion of major projects by third party contractors and/or termination of engagements with contractors and/or governmental obligations; the inflow of significant amounts of water into the Dead Sea could adversely affect production at our plants; labor disputes, slowdowns and strikes involving our employees; pension and health insurance liabilities; changes to governmental programs or tax benefits, creation of new fiscal or tax related legislation; changes in our evaluations and estimates, which serve as a basis for the recognition and manner of measurement of assets and liabilities; higher tax liabilities; failure to integrate or realize expected benefits from mergers and acquisitions, organizational restructuring and joint ventures; currency rate fluctuations; rising interest rates; government examinations or investigations; disruption of our information technology systems or breaches of our data security; failure to retain and/or recruit key personnel; inability to realize expected benefits from our cost reduction program according to the expected timetable; inability to access capital markets on favorable terms; cyclicality of our businesses; changes in demand for our fertilizer products due to a decline in agricultural product prices, lack of available credit, weather conditions, government policies or other factors beyond our control; Imposing of antidumping and countervailing duties on imports of magnesium from Israel to the U.S<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">.</font> ;volatility or crises in the financial markets; cost of compliance with environmental legislative and licensing restrictions; hazards inherent to chemical manufacturing; litigation, arbitration and regulatory proceedings; exposure to third party and product liability claims; Product recalls or other liability claims as a result of food safety and food-borne illness concerns; insufficiency of insurance coverage; closing of transactions, mergers and acquisitions; war or acts of terror and/or political, economic and military instability in Israel and its region; filing of class actions and derivative actions against the Company, its executives and Board members; and other risk factors discussed under &#8221;Item 3 - Key Information&#8212; D. Risk Factors" in the Company's Annual Report on Form 20-F filed with the U.S<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">.</font> Securities and Exchange Commission (SEC) on February 27, 2019.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Forward&#8209;looking statements speak only as at the date they are made, and we do not undertake any obligation to update or revise them or any other information contained in this report, whether as a result of new information, future developments or otherwise. You are advised, however, to read any additional disclosures included in the Immediate Reports furnished by the Company to the SEC on Form 6-K.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The attached report for the first quarter of 2019 (hereinafter &#8211; &#8220;the Quarterly Report&#8221;) should be read in conjunction<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #ff0000">&#160;</font>with the Annual Report published by the Company on Form&#160;20&#8209;F as at and for the year ended December&#160;31, 2018 (hereinafter &#8211; &#8220;the Annual Report&#8221;), including the description of the events occurring subsequent to the date of the statement of financial position, as filed with the U.S. Securities and Exchange Commission. As part of the Quarterly Report, the Company updated the disclosures provided in the Annual Report, to the extent there were material developments since the publication date of the Annual Report, on February 27, 2019, and up to the publication date of the Quarterly Report.</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Performance Overview</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">ICL is a global specialty minerals and chemicals company operating bromine, potash and phosphate mineral value chains in a unique, integrated business model.&#160; 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. We also strive to strengthen and expand our product portfolio in Innovative Ag Solutions by leveraging the segment's existing capabilities and agronomic know-how as well as the Israeli technological ecosystem.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating Segments</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Our operations are organized under four segments: Industrial Products, Potash, Phosphate Solutions and Innovative Ag Solutions.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif; FONT-WEIGHT: bold">Industrial Products &#8211; </font><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif">the</font><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif; FONT-WEIGHT: bold">&#160;</font>Industrial Products segment produces elemental bromine out of a solution which is complementary to the potash production process in Sodom, Israel, as well as bromine&#8209;based compounds. <font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif">The </font>Industrial Products segment uses most of the bromine it produces for self&#8209;production of bromine compounds at its production sites in Israel, the Netherlands and China. In addition, the segment produces several grades of potash, salt, magnesium chloride and magnesia products. The segment is also engaged in the production and marketing of <font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif">phosphorus</font><font style="FONT-SIZE: 9pt; FONT-FAMILY: Arial, sans-serif">-</font>based flame retardants and additional phosphorus&#8209;based products.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">Potash &#8211; </font>The P<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">otash segment uses an evaporation process to extract potash from the Dead Sea and uses conventional mining to produce potash and salt from an underground mine in Spain. The segment markets its potash fertilizers globally and also carries out certain other operations not solely related to the potash activities. At the end of the second quarter of 2018, the Company ceased the production of potash in the ICL Boulby mine in the UK and shifted to sole production of Polysulphate&#8482;. Polysulphate&#8482; is produced in an underground mine at ICL Boulby in the UK and is the basis for a significant part of the Company's FertilizerpluS product line. The segment also includes magnesium activities under which it produces, markets and sells pure magnesium and magnesium alloys, and also produces related by-products, including chlorine and sylvinite. In addition, the Potash segment also sells salt that is produced in its Potash and Polysulphate underground mines in Spain and the UK.</font></div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 2</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">Phosphate Solutions &#8211;</font>&#160;<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">The Phosphate Solutions segment is based on a phosphate value chain which uses phosphate commodity products, such as phosphate rock and fertilizer-grade phosphoric acid (&#8220;green phosphoric acid&#8221;), to produce specialty products with higher added value. The segment also produces and markets phosphate-based fertilizers.</font></div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Phosphate rock is mined and processed from open pit mines, three of which are located in the Negev Desert in Israel while the fourth is located in Yunnan province in China. Sulphuric acid, green phosphoric acid and phosphate fertilizers are produced in facilities in Israel, China and Europe.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The Phosphate Solutions segment purifies some of its green phosphoric acid and manufactures thermal phosphoric acid to provide solutions based on specialty phosphate salts and acids for diversified industrial end markets, such as oral care, cleaning products, paints and coatings, water treatment, asphalt modification, construction and metal treatment. The specialty phosphate salts and acids are mainly produced in the Company&#8217;s facilities in the U<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font>S<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font>, Brazil, Germany and China. The segment is also a leader in developing and producing functional food ingredients and phosphate additives, which provide texture and stability solutions for the processed meat, poultry, seafood, dairy, beverage and baked goods markets. In addition, the segment supplies pure phosphoric acid to ICL&#8217;s specialty fertilizers business and produces milk and whey proteins for the food ingredients industry.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">Innovative Ag Solutions &#8211; </font>The Innovative Ag Solutions segment aims to achieve global leadership in specialty fertilizers markets by enhancing its global positions in its core markets of specialty agriculture, ornamental horticulture, turf and landscaping, targeting high-growth markets such as Latin America, India and China, by leveraging its unique R&amp;D capabilities, vast agronomic experience, global footprint, backward integration to potash and phosphate and chemistry know-how, as well as seeking M&amp;A opportunities. ICL is working to expand its broad product portfolio of controlled release fertilizers (CRF), water soluble fertilizers (WSF), liquid fertilizers, slow release fertilizers (SRF) and straights (MKP/MAP/PeKacid).</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The Innovative Ag Solutions segment develops, manufactures, markets and sells fertilizers that are based primarily on nitrogen, potash (potassium chloride) and phosphate. It produces water soluble specialty fertilizers in Belgium and the U<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font>S<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font>, liquid fertilizers and soluble fertilizers in Israel and Spain, and controlled&#8209;release fertilizers in the Netherlands and the United States. ICL's specialty fertilizers business markets its products worldwide, mainly in Europe, Asia, North America and Israel.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Eras Medium ITC', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The segment also functions as ICL&#8217;s <font style="FONT-SIZE: 9pt">innovative</font> arm, seeking to focus on R&amp;D, as well as implementing digital innovation.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">Other Activities</font> &#8211; Business activities that are not reviewed regularly by the organization&#8217;s chief operating decision maker.</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 3</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Financial Figures and Non-GAAP Financial Measures</div>

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<table id="ze20a0743b3664521abe68ea9bda95a7d" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.22%; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.22%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.22%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.61%; BACKGROUND-COLOR: #ffffff">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">millions</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.61%; BACKGROUND-COLOR: #ffffff">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">% of</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">sales</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.61%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">millions</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.61%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">% of</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">sales</div>
</div>
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<td style="VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.61%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">millions</div>
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</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.61%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">% of</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">sales</div>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,556</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Gross profit</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;501</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;431</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;31</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,854</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;33</div>
</td>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;227</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;16</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;985</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;70</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,519</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;27</div>
</td>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjusted operating income (1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;241</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;17</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;151</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;11</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;753</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;14</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net income - shareholders of the Company</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;139</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;928</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;66</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,240</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;22</div>
</td>
</tr>

<tr style="HEIGHT: 15px">
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjusted net income - shareholders of the Company (1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;150</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;11</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;106</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;477</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjusted EBITDA (2)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;350</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;25</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;251</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;18</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,164</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;21</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cash flows from operating activities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;173</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;620</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.35%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Purchases of property, plant and equipment and intangible assets (3)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;131</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">127</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">572</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 56.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -21.25pt">(1) See &#8220;Adjustments to reported operating and net income (Non-GAAP)&#8221; below.</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 56.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -21.25pt">(2) See &#8220;Adjusted EBITDA for the periods of activity" below.</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 56.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -21.25pt">(3) See &#8220;Condensed consolidated statements of cash flows (unaudited)&#8221; to the accompanying financial statements.</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">We disclose in this Quarterly Report non-IFRS financial measures titled adjusted operating income, adjusted net income attributable to the Company&#8217;s shareholders and adjusted EBITDA. Our management uses adjusted operating income, adjusted net income attributable to the Company&#8217;s shareholders and adjusted EBITDA to facilitate operating performance comparisons from period to period. We calculate our adjusted operating income by adjusting our operating income to add certain items, as set forth in the reconciliation table under &#8220;Adjustments to reported operating and net income (Non-GAAP)&#8221; below. Certain of these items may recur. We calculate our adjusted net income attributable to the Company&#8217;s shareholders by adjusting our net income attributable to the Company&#8217;s shareholders to add certain items, as set forth in the reconciliation table under &#8220;Adjustments to reported operating and net income (Non-GAAP)&#8221; below, excluding the total tax impact of such adjustments and adjustments attributable to the non-controlling interests. We calculate our adjusted EBITDA by adding back to the net income attributable to the Company&#8217;s shareholders the depreciation and amortization, financing expenses, net, taxes on income and the items presented in the reconciliation table under &#8220;Adjusted EBITDA for the periods of activity&#8221; below which were adjusted for in calculating the adjusted operating income and adjusted net income attributable to the Company&#8217;s shareholders.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">You should not view adjusted operating income, adjusted net income attributable to the Company&#8217;s shareholders or adjusted EBITDA as a substitute for operating income or net income attributable to the Company&#8217;s shareholders determined in accordance with IFRS, and you should note that our definitions of adjusted operating income, adjusted net income attributable to the Company&#8217;s shareholders and adjusted EBITDA may differ from those used by other companies. However, we believe adjusted operating income, adjusted net income attributable to the Company&#8217;s shareholders and adjusted EBITDA provide useful information to both management and investors by excluding certain items that management believes are not indicative of our ongoing operations. Our management uses these non-IFRS measures to evaluate the Company's business strategies and management's performance. We believe that these non-IFRS measures provide useful information to investors because they improve the comparability of our financial results between periods and provide for greater transparency of key measures used to evaluate our performance.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div id="DSPFPageHeader" style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'"></div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">We present a discussion in the period-to-period comparisons of the primary drivers of changes in the Company&#8217;s results of operations. This discussion is based in part on management&#8217;s best estimates of the impact of the main trends <font style="FONT-SIZE: 9pt">on</font> its businesses. We have based the following discussion on our financial statements. You should read the following discussion together with our financial statements.</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div id="DSPFPageFooter"></div>
</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 4</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">Adjustments to reported operating and net income (Non-GAAP)</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z685d90390e514266b56d76cc878598ec" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 60.63%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.12%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.12%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 60.63%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.12%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.12%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z4ecccc6314e7413092bb34bd237384c9" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">227</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">985</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">1,519</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital gain (1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">(841)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">(841)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Impairment of assets (2)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">19</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Provision for early retirement and dismissal of employees (3)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">7</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">7</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Provision for legal proceedings (4)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">14</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">31</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Provision for site closure costs (5)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">18</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total adjustments to operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">14</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">(834)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">(766)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjusted operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">241</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">151</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">753</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net income attributable to the shareholders of the Company</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">139</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">928</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">1,240</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total adjustments to operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">14</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">(834)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">(766)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjustments to finance expenses (6)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">10</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total tax impact of the above operating income &amp; finance expenses adjustments</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">(3)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">12</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">(7)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 60.63%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total adjusted net income - shareholders of the Company</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.15%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">150</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">106</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">477</div>
</td>
</tr>
</table>

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<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="ze06b0f9bd4c641d0ae1571c200de825d" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">(1)</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt">In 2018, a capital gain from the sale of the Fire Safety and Oil Additives (P<sub>2</sub>S<sub>5</sub>) businesses.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z024bd2737a314d508121d8b0efc25f7f" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">(2)</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt">In 2018, a write-off of Rovita&#8217;s assets following its divestment and a write-off of an intangible asset regarding a specific R&amp;D project related to ICL&#8217;s phosphate-based products<font style="FONT-SIZE: 9pt">.</font></div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z8260dacc0d1846aab247da85b1173dca" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 13px">
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">(3)</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt">In<font style="FONT-SIZE: 9pt">&#160;</font>2018, a provision relating to the transition to sole production of Polysulphate&#8482; in the Company&#8217;s facility in the United Kingdom (ICL Boulby).</div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z4317efdd429e42a1b0be4c543161cfe2" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">(4)</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt">In 2019 and 2018, an increase of a provision in connection with the finalization of the royalties arbitration in Israel relating to prior periods (<font style="FONT-SIZE: 9pt">for</font> further information see note 6 to the financial statements). In 2018, the said increase was partly<font style="FONT-SIZE: 9pt">&#160;</font>offset by a VAT refund related to prior periods (2002&#8209;2015) in Brazil.</div>
</td>
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</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z989ce87823434733be8b4a79eb5c5015" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">(5)</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt">In 2018, an increase of a provision relating to the closure cost of the Sallent site in Spain which are part of the restoration <font style="FONT-SIZE: 9pt">plan</font><font style="FONT-SIZE: 9pt">.</font></div>
</td>
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<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z96ce7d92c7864e73ac5b5eb3667135d4" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">(6)</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt">In 2018,<font style="FONT-SIZE: 9pt"> interest and linkage expenses</font><font style="FONT-SIZE: 9pt">&#160;</font><font style="FONT-SIZE: 9pt">resulting from</font> an increase of a provision related to the royalties&#8217; arbitration in Israel (see item 4 above).</div>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 5</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">Consolidated adjusted EBITDA for the periods of activity</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Calculation of adjusted EBITDA was made as follows:</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="z8cd8f0b7149f46c8b73f1f0b91ab7660" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 60.82%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.06%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 60.82%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.06%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="zaed546b1671a4acf805d02ba3c2dc475" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.79%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net income attributable to the shareholders of the Company</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;139</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;928</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,240</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.79%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Depreciation and Amortization</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;111</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;97</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;403</div>
</td>
</tr>

<tr style="HEIGHT: 17px">
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.79%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Financing expenses, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;158</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.79%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Taxes on income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;51</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;45</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;129</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.79%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjustments*</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;14</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(834)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(766)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 4px; WIDTH: 60.79%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total adjusted EBITDA**</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;350</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;251</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.06%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,164</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 56.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -21.25pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 56.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -21.25pt">* See "Adjustments to reported operating and net income (Non-GAAP)" above.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 51.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -14.2pt">** The total adjusted EBITDA for the first quarter of 2019 was positively impacted by $15M as a result of the initial application of IFRS 16. For further information see note 2 to the Company's condensed consolidated interim financial statements as at March 31, 2019.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 51.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -14.2pt">&#160;</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div id="DSPFPageFooter"></div>
</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 6</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Consolidated<font style="FONT-SIZE: 14pt; FONT-FAMILY: Tahoma, sans-serif">&#160;</font>Results of Operations</div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">Results of operations Q1 2019</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<table id="z0895efeb8c1b4356a4ba1c8b0b47a79a" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 53.81%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Sales</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Expenses</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 10.12%">&#160;</td>
</tr>

<tr style="HEIGHT: 20px">
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 53.81%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 36.07%" colspan="3">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.12%">&#160;</td>
</tr>
</table>

<div>&#160;</div>

<table id="z7ccc4e5485a249eba6f54f59340a432a" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2018 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(419)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;985</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total adjustments Q1 2018*</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(834)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(834)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjusted Q1 2018 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1,253)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;151</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Divested businesses</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(41)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjusted Q1 2018 figures (excluding divested businesses)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,363</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1,217)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;146</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Quantity</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;&#160;<img src="image00006.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Price</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;88</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;88</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;&#160;<img src="image00006.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Exchange rate</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(46)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;48</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;&#160;<img src="image00006.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Raw materials</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(14)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(14)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;&#160;<img src="image00007.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Energy</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;&#160;<img src="image00006.jpg"></td>
</tr>

<tr style="HEIGHT: 22px">
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Transportation</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;&#160;<img src="image00007.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating and other expenses</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;&#160;<img src="image00006.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjusted Q1 2019 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1,174)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;241</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total adjustments Q1 2019*</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(14)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(14)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 53.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2019 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 11.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1,188)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.02%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">227</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; TEXT-ALIGN: center; WIDTH: 10.12%">&#160;</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">* See "Adjustments to reported operating and net income (Non-GAAP)" above.</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="zf1582895c7844943b6f67648823645c4" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Divested businesses</u></font> - sale of the Fire Safety and Oil Additives (P<sub>2</sub>S<sub>5</sub>) businesses at the end of the first quarter of 2018 together with the sale of the Rovita business at the beginning of the third quarter of 2018.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z274a002353aa4e1f8061562296e60da1" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div id="DSPFPageHeader" style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'"></div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25"><u>Quantity</u> &#8211; the moderate positive quantity impact on the operating income resulted mainly from varied product-mix throughout ICL&#8217;s different segments. Higher quantities sold of bromine-based industrial solutions, phosphate fertilizers and phosphate rock were partly offset by a decrease in the quantities sold of potash, specialty agriculture products and acids.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="ze4b97b1568074b7f888e61057ed8554e" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Price</u></font> &#8211; the positive impact on the operating income derives mainly from an increase in the selling prices of potash (an increase of $33 in the average realized price per tonne compared to the corresponding quarter last year), phosphate fertilizers, phosphate-based acids, salts and food additives (as part of the "value over volume" strategy), specialty agriculture products and a positive price impact throughout most of Industrial Products segment's business-lines.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="zb2b3503e23f44f7a866d318302ffed70" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Exchange rate</u></font> &#8211; the minor positive impact on the operating income derives mainly from the devaluation in the average exchange rate of the euro, the Chinese yuan and the shekel against the dollar decreasing production costs, mostly offset by the devaluation in the average exchange rate of the euro and the Chinese yuan against the dollar decreasing revenue.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;<font style="FONT-SIZE: 8pt; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 7</div>
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div id="DSPFPageHeader" style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'"></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="zf06593d747544e8ab591bbdb257c7fc4" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Raw materials</u></font> &#8211; the negative impact on the operating income derives mainly from an increase in <font style="FONT-SIZE: 9pt">consumed </font>sulphur prices, which increased costs of <font style="FONT-SIZE: 9pt">the </font>main raw materials <font style="FONT-SIZE: 9pt">used</font> throughout the phosphate value chain, together with an increase in the prices of various raw materials used for products of the Innovative Ag Solutions segment.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z77323123682249798ed12237862b7681" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Energy</u></font> - the positive impact on the operating income derives mainly from a decrease in electricity costs due to the <font style="FONT-SIZE: 9pt">activation of the </font>new power plant in Sodom<font style="FONT-SIZE: 9pt"> during the second half of 2018</font><font style="FONT-SIZE: 9pt">.</font></div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z497b407b8aed4ce3aa3c04769878d143" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Operating and other expenses</u></font> - the positive impact on the operating income derives mainly from capital gains due to <font style="FONT-SIZE: 9pt">the </font>sale and leaseback of office buildings in Israel.</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The following table sets forth sales by geographical regions based on the location of the customer:</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="ze7d9a6bdd3754ee482f2683caa6b4ec7" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 48.03%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 25.98%; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 25.98%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 48.03%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.98%; BACKGROUND-COLOR: #ffffff">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">millions</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13%; BACKGROUND-COLOR: #ffffff">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">% of</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Sales</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.98%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">millions</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">% of</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Sales</div>
</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z69bc91116a9b480f8ed5c3275da67a95" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.06%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Europe</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;576</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.96%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">41</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.96%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;583</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.95%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">42</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.06%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Asia</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;368</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.96%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">26</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.96%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;334</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.95%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">24</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.06%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">North America</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;262</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.96%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">19</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.96%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;267</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.95%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">19</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.06%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">South America</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;117</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.96%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.96%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;119</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.95%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">8</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 48.06%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Rest of the world</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;92</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.96%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">6</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.96%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;101</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.95%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">7</div>
</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 48.06%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.08%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.96%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;100</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.96%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.95%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;100</div>
</td>
</tr>
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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z97552843fed94cfeb50af056fae4022c" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: Tahoma, sans-serif; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">-</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><u>Europe</u></font> &#8211; the decrease derives mainly from the divestiture of the Fire Safety and Oil Additives (P<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><sub>2</sub></font>S<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><sub>5</sub></font>) and Rovita businesses<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">,</font> together with the negative impact of the devaluation in the average exchange rate of the euro against the dollar. The decrease was partly offset by an increase in the quantities sold and selling prices of clear brine fluids and an increase in the selling price of potash and acids.</div>
</td>
</tr>
</table>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z217e77601a2c4b0d94b74366eb5a3b75" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: Tahoma, sans-serif; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">-</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><u>Asia</u></font> &#8211; the increase derives mainly from an increase in the selling prices of potash and elemental bromine, together with an increase in the quantities sold of green phosphoric acid. The increase was partly offset by a decrease in the quantities sold of phosphate fertilizers together with the negative impact of the devaluation in the average exchange rate of the Chinese yuan against the dollar.</div>
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</tr>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z8b480235c89d4279b66d9fe57c9099e1" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>North America</u></font> &#8211; the decrease derives mainly from the divestiture of the Fire Safety and Oil Additives business (P<font style="FONT-SIZE: 9pt"><sub>2</sub></font>S<font style="FONT-SIZE: 9pt"><sub>5</sub></font>). The decrease was partly offset by an increase in the quantities sold of clear brine fluids and an increase in <font style="FONT-SIZE: 9pt">the </font>potash selling price<font style="FONT-SIZE: 9pt">.</font></div>
</td>
</tr>
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<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z090b61a7846a4ff687c10bedde09c61a" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 35.45pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>South America</u></font> &#8211; the minor decrease derives mainly from a decrease in the quantities sold of potash and acids, almost fully offset by an increase in the quantities sold of phosphate fertilizers and clear brine fluids and an increase in <font style="FONT-SIZE: 9pt">the </font>potash selling price.</div>
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<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>
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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
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<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 21.25pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Rest of the world</u></font> &#8211; the decrease derives mainly from a decrease in the quantities sold of dairy proteins and potash.</div>
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<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;<font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 8</div>
</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; COLOR: #4f81bd; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">Financing expenses, net</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The net financing expenses in the first quarter of 2019 amounted to $35 million, compared with $15 million in the corresponding quarter last year - an increase of $20 million. The increase derives mainly from an increase in respect of the change in exchange rate and linkage differences in the amount of $16 million, mainly due to the upward revaluation of the shekel during the quarter, which increased expenses relating to long-term employee benefits provision and long&#8209;term lease revaluation (according to IFRS 16). Interest expenses increased in the amount of $4 million due to IFRS16 implementation and change in interest relating to employee benefits provision. This increase was partly offset by income from hedging transactions in the amount of $3 million, mainly due to the upward revaluation of the shekel against the dollar during the quarter.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; COLOR: #4f81bd; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Tax expenses</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The tax expenses in the first quarter of 2019 and in the first quarter of 2018 amounted to $51 million and $45 million, reflecting an effective tax rate of about 27% and 5%, respectively. The Company&#8217;s exceptionally low tax rate in the corresponding quarter last year derives mainly from an exempt income from the divestiture of businesses. The tax rate in the first quarter of 2019 was negatively affected by the upward revaluation of the shekel against the dollar during the quarter.</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif; LINE-HEIGHT: 1.25">&#160;</div>

<div id="DSPFPageFooter"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 9</div>
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</div>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">Segment Information</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Commencing the first quarter of 2019, segment profit is measured based on the operating income after allocation of general and administrative expenses and without certain expenses that are not allocated to the operating segments, as presented in the reports regularly reviewed by the chief operating decision maker. The comparative data has been restated accordingly.</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">Industrial Products</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25"><u>Significant highlights and business environment</u></div>

<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">&#160;</div>

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<div style="FONT-SIZE: 9pt">The segment's strong quarterly performance was driven mainly by strong sales of clear brine fluids in January and higher prices across the segment's product portfolio.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'">Elemental bromine prices in China continued to increase during the first quarter of 2019 as local bromine production was affected by strict environmental-related regulation pressure and by the winter shutdown. The seasonal decline in bromine prices which usually starts in March has not yet occurred as many producers <font style="FONT-SIZE: 9pt">have</font> so far not returned from the winter shutdown.</font><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif"><br>
</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'">Higher elemental bromine prices continued to drive higher bromine <font style="FONT-SIZE: 9pt">compound</font> prices.</font></div>
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<div style="FONT-SIZE: 9pt">Demand for bromine-based flame retardants remained relatively stable. ICL&#8217;s sales volume of bromine-based flame retardants was at the same level compared to the corresponding quarter last year.</div>
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<div style="FONT-SIZE: 9pt">Strong sales of clear brine fluids in January were driven by higher activity in the Gulf of Mexico, Alaska, and South America, coupled with low availability of product in the market.</div>
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<div style="FONT-SIZE: 9pt">The performance of ICL's <font style="FONT-SIZE: 9pt">phosphorus</font>-based flame retardants business was stable compared to the corresponding quarter last year as price increases were offset by lower sales volumes.</div>
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<div style="FONT-SIZE: 9pt">The segment's specialty minerals sales were stable as higher demand for de-icing and de&#8209;dusting salts was offset by lower sales of Dead Sea salts. The segment continues to focus on magnesia applications with higher margins such as pharma and nutraceutical.</div>
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<font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 10</div>

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<div style="COLOR: #1f497d; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Industrial Products Segment information as at March 31, 2019 (Unaudited)</div>
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 59.97%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

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<td style="VERTICAL-ALIGN: middle; WIDTH: 60.04%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total Sales</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;350</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;317</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.28%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,296</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 60.04%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;&#160;&#160;Sales to external customers</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;347</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;314</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.28%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,281</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 60.04%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;&#160;&#160;Sales to internal customers</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.28%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 60.04%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Segment profit (After allocation of G&amp;A)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;97</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;66</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.28%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;300</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Depreciation and Amortization</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;16</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.28%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;63</div>
</td>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 60.04%">
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Capital Expenditures &#8211; Implementation of IFRS16*</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.28%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 60.04%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital Expenditures &#8211; Ongoing</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.28%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;50</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -14.2pt"><font style="FONT-SIZE: 9pt">*&#160;&#160; </font>For further information regarding the initial application of IFRS 16, see note 2 to the Company's condensed consolidated interim financial statements as at March 31, 2019.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25"><u>Results of operations for Q1 2019</u></div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 46.7%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Sales</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Expenses</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Operating income</div>
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 13.26%">&#160;</td>
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<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 46.7%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 40.04%" colspan="3">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.26%">&#160;</td>
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<div>&#160;</div>

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<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.7%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2018 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;317</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(251)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;66</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.26%">&#160;</td>
</tr>

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<td style="VERTICAL-ALIGN: middle; WIDTH: 46.7%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Quantity</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;18</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;14</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;20</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(253)</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;97</div>
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<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Quantity</u></font> &#8211; the positive impact on the segment&#8217;s profit derives mainly as a result <font style="FONT-SIZE: 9pt">of</font> higher quantities sold of bromine&#8209;based industrial solutions (mostly clear brine fluids and elemental bromine).</div>
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<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Price</u></font> &#8211; the positive impact on the segment&#8217;s profit derives mainly from an increase in the selling prices of bromine-based industrial solutions and flame retardants, together with an increase in the selling prices of <font style="FONT-SIZE: 9pt">phosphorus</font>-based flame retardants.</div>
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<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Exchange rate </u></font><font style="FONT-SIZE: 9pt">-</font> the positive impact on the operating income derives mainly from the devaluation in the average exchange rate of the shekel and the euro against the dollar decreasing production costs, partly offset by the devaluation in the average exchange rate of the euro against the dollar which decreased revenue<font style="FONT-SIZE: 9pt">.</font></div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 11</div>

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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Potash Segment information as at March 31, 2019 (Unaudited)</div>
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<div style="FONT-SIZE: 9pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">The Grain price index decreased during the first quarter of 2019 as a result of a decrease in wheat, corn and soybean prices. This was mainly due to an increase in the USDA (United States Department of Agriculture) estimates for the grain stock-to-use ratio published during the quarter.&#160; In the USDA's WASDE (World <font style="FONT-SIZE: 9pt">Agricultural</font> Supply and Demands Estimates) report from April 2019, the estimated grains stock-to-use ratio for the 2018/2019 agricultural year increased to 29.9% compared to 29.5% in the March estimates and compared to 29% in December 2018 estimates. However, this is still a decrease compared with a ratio of 31.3% recorded at the end of the 2017/2018 agricultural year and compared with a ratio of 30.6% in the 2016/2017 agricultural year. </div>
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<div style="FONT-SIZE: 9pt">The FAO (Food and Agriculture Organization of the UN) forecasts in its latest Agricultural Outlook (2018 &#8211; 2027) that the global <font style="FONT-SIZE: 9pt">cereal</font> production in 2019 will increase by 1.7% year&#8211;on-year, to 2,661 million tonnes.</div>
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<div style="FONT-SIZE: 9pt">Potash prices were mostly stable during the first quarter of 2019 across global key spot markets, supported by low availability, and despite slow activity due to seasonality. Demand in the U.S. was impacted by unfavorable weather which interrupted fertilizer applications. The emergence of demand <font style="FONT-SIZE: 9pt">in</font> Brazil was delayed as buyers expected prices to moderate and due to the later than usual Carnival festivities<font style="FONT-SIZE: 9pt">,</font> however, demand started to emerge towards the end of the quarter.</div>
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<div style="FONT-SIZE: 9pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">According to CRU (Fertilizer Week Historical Prices, March 2019) the average price of granular potash imported to Brazil for the first quarter of 2019 was $352 per tonne (CFR Spot), up by 0.6% and 20.1% compared to the fourth and to the first quarters of 2018, respectively. The average price of granular potash imported to U.S<font style="FONT-SIZE: 9pt">.</font> New Orleans for the first quarter of 2019 was $305 per tonne (FOB Barge Spot), down by 1.9% and up by 17.4% compared to the fourth and the first quarters of 2018, respectively. </div>
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<div style="FONT-SIZE: 9pt">According to Chinese customs data, potash imports to China in the first quarter of 2019 reached more than 2.9 million tonnes, a 7.7% increase over the first quarter of 2018.</div>
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<div style="FONT-SIZE: 9pt">According to the FAI (Fertilizer Association of India), potash imports to India in the first quarter of 2019 amounted to 1.1 million tonnes, a 12.8% decrease <font style="FONT-SIZE: 9pt">compared to</font> the first quarter of 2018. This can be explained by the increase of the potash Maximum Retail Price (MRP) following the signing of the 2018/19 potash supply contracts to India, while the potash Nutrient Based Subsidy (NBS) was not updated, on the background of the elections <font style="FONT-SIZE: 9pt">that is currently taking place </font>in India.</div>
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<div style="FONT-SIZE: 9pt">According to Brazil customs data, potash imports to Brazil in the first quarter of 2019 reached more than 1.9 million tonnes, a 12.9% increase compared to first quarter of 2018.</div>
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<div style="FONT-SIZE: 9pt">Supply side developments: EuroChem (Russia) announced in January that it would continue the ramp up of its new Usolskiy mine (Russia) gradually, expecting to reach 70-90 thousand tonnes a month in the second quarter of 2019. As of the end of the first quarter, Eurochem's other mine, Volgakaliy (Russia), <font style="FONT-SIZE: 9pt">has not</font> started commercial sales yet. K+S (Germany) shipped granular potash from its Bethune (Canada) mine to Brazil and standard potash to the Eastern Hemisphere markets and is planning to continue the mine ramp up, forecasting production of 1.7-1.9 million tonnes in 2019.</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;<font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 12</div>

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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Potash Segment information as at March 31, 2019 (Unaudited)</div>

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<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt">At</font> ICL Boulby the production rate of Polysulphate continued the positive trend as of the end of 2018. The production in the first quarter of 2019 reached a level of 140K tonnes, an increase of 130% compared to <font style="FONT-SIZE: 9pt">the </font>first quarter of 2018. PotashpluS production amounted to 32K tonnes, following a successful commercial launch in the fourth quarter of 2018, as part of the Company's strategy to grow the FertilizerpluS platform, mainly by utilizing Polysulphate as a base for a product portfolio which includes PotashpluS, PKpluS and other products. Sales of FertilizerpluS in<font style="FONT-SIZE: 9pt"> the</font> first quarter of 2019 totaled $26 million, compared with $11 million in the first quarter of 2018.</div>
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<div style="FONT-SIZE: 9pt">During March 2019, disruptions in the Israeli Railway Services led to interruptions in shipments causing a delay of about 60 thousand tonnes of potash sales.</div>
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<div style="FONT-SIZE: 9pt">Demand for magnesium remains constrained in China (there are duties in Brazil and <font style="FONT-SIZE: 9pt">U.S.</font> on Chinese imports) and Europe where prices continue to be under pressure due to Chinese exports. In the <font style="FONT-SIZE: 9pt">U.S.</font> magnesium trade actions are being attributed with the resumption of domestic production, and consequent demand for raw materials by primary aluminum and steel producers and automotive original equipment manufacturers (OEMs). As a result, there is a trend of improvement in the <font style="FONT-SIZE: 9pt">U.S.</font> magnesium market.</div>
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<div style="FONT-SIZE: 9pt">Further to the Company&#8217;s Annual Report on Form&#160;20&#8209;F for the year ended December&#160;31, 2018, regarding the petition filed in the U.S. requesting to impose antidumping and countervailing duties on imports of magnesium from Israel, on May 3, 2019, the U.S. Department of Commerce issued a preliminary determination to impose 7.48% duties over future magnesium imports from Israel. Based on 2018 figures, such duties have an estimated annual impact of $3 million. A commerce verification process is still ahead. With respect to the antidumping, an interim decision is expected on July 1, 2019. Considering the early stage of the proceedings, there is a difficulty in estimating their overall outcome.</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;384</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;353</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,623</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;&#160;&#160;Potash sales to external customers</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;275</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;273</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,280</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;&#160;&#160;Potash sales to internal customers</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;23</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;16</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;79</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;&#160;&#160;Other and eliminations*</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;86</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;64</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;264</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;166</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;135</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;696</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;79</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;43</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;315</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;39</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;34</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;141</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Capital Expenditures &#8211; Implementation of IFRS16**</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;95</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital Expenditures &#8211; Ongoing</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;64</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;62</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.94%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;356</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Average realized price (in $)***</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;294</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;261</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.94%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;278</div>
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<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
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<div style="LINE-HEIGHT: 1.25">&#160;</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 56.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -21.25pt">*&#160; &#160;&#160; Mainly includes salt produced in underground mines in UK and Spain, magnesium-based products and sales of electricity produced in Israel.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 56.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -21.25pt"><font style="FONT-SIZE: 9pt">**&#160;&#160;&#160;&#160;</font>For further information regarding the initial application of IFRS 16, see note 2 to the Company's condensed consolidated interim financial statements as at March 31, 2019.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 56.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -21.25pt"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'">***&#160;&#160; Potash average realized price (dollar per tonne) is calculated by dividing total potash revenue by total sales&#8217; quantities. The difference between FOB price and average realized price is mainly marine transportation costs</font>.</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;<font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 13</div>
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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Potash Segment information as at March 31, 2019 (Unaudited)</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25"><u>Potash &#8211; Production and Sales</u></div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Thousands of tonnes</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Production</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,148</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,160</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4,880</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total sales (including internal sales)</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,014</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,106</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4,895</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Closing inventory</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;519</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;454</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.15%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;385</div>
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<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Production</u></font> &#8211; in the first quarter of 2019, production of potash was 12 thousand tonnes lower than in the corresponding quarter last year. This was due to higher production at ICL Dead Sea which was more than offset by the termination of potash production at ICL Boulby in the second quarter of 2018, as part of the transition to Polysulphate production and a decrease in production at ICL Iberia<font style="FONT-SIZE: 11pt">.</font><font style="FONT-SIZE: 9pt"> Potash production at the Sodom site in the first quarter of 2018 included <font style="FONT-SIZE: 9pt">a </font>5 days production shutdown for maintenance purposes, while in 2019 the annual shutdown is scheduled for the fourth quarter and is also expected to be longer than usual (approximately 3 weeks) in order to allow for increased production in the following years.</font></div>
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<div style="FONT-SIZE: 11pt"><font style="FONT-SIZE: 9pt"><u>Sales</u></font><font style="FONT-SIZE: 9pt"> &#8211; the quantity of potash sold in the first quarter of 2019, was 92 thousand tonnes </font><font style="FONT-SIZE: 9pt">lower</font><font style="FONT-SIZE: 9pt"> than in the </font><font style="FONT-SIZE: 11pt"><font style="FONT-SIZE: 9pt">corresponding quarter last year, mainly due to a decrease in potash sales to Brazil, also resulting from </font><font style="FONT-SIZE: 9pt">disruptions in the&#160;</font></font><font style="FONT-SIZE: 9pt">Israeli Railway Services</font><font style="FONT-SIZE: 11pt"><font style="FONT-SIZE: 9pt">, which caused&#160;a postponement of sales of about 60 thousand tonnes</font><font style="FONT-SIZE: 9pt; COLOR: #333333">.</font></font></div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 14</div>

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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Potash Segment information as at March 31, 2019 (Unaudited)</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25"><u>Results of operations for Q1 2019</u></div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Sales</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Expenses</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Operating income</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 46.7%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 39.98%" colspan="3">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div>&#160;</div>

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<td style="VERTICAL-ALIGN: middle; WIDTH: 46.7%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2018 figures</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.32%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;353</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.32%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(310)</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;43</div>
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<tr style="HEIGHT: 13px">
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.7%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Quantity</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.32%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.32%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(9)</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(7)</div>
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<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.32%">&#160;<img src="image00007.jpg"></td>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Price</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.32%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;37</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 15</div>

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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Phosphate Solutions Segment information as at March 31, 2019 (Unaudited)</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">Phosphate Solutions</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The Phosphate Solutions segment operates in two main streams: Phosphate Specialties and Phosphate Commodities. 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. For additional information, see &#8220;Performance Overview&#8221;.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25"><u>Significant highlights and business environment</u></div>

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<div style="LINE-HEIGHT: 1.25">
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<div style="FONT-SIZE: 9pt">Phosphate acids&#8217; global sales decreased compared to the corresponding quarter last year due to lower sales volumes in South America driven by increased Chinese imports,<font style="FONT-SIZE: 9pt; COLOR: #ff0000">&#160;</font>resulting from favorable market conditions. Performance in Europe and North America was positively impacted by favorable market conditions which allowed for higher pricing with only moderate volume losses. Stable market prices and increased sales volumes contributed to the business performance in China.</div>
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<div style="FONT-SIZE: 9pt">Sales of phosphate salts increased driven by higher prices compensating for increased costs of certain raw materials and moderate volume losses. Sales of industrial salts in Europe increased driven by higher prices and volume, while sales of food phosphate salts decreased due to lower volume in certain regions. Sales of industrial and food salts in North America increased as favorable market conditions contributed to improved pricing and volumes. Improved performance in China was driven by an increase of local market share for industrial and food salts, predominantly in the body care market.</div>
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<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt">Global sales</font> of Paints and Coatings decreased compared to the corresponding quarter last year due to lower volumes. Prior year volumes were <font style="FONT-SIZE: 9pt">extraordinarily high due to regulatory changes</font>.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">Dairy protein performance was lower compared to the first quarter last year mainly due to strategic portfolio optimization, and the impact of a production shortfall linked to technical upgrades, and is expected to recover in the coming months. ICL continues to focus on developing organic dairy solutions for the infant food industry and on ongoing customer base diversification.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">In July 2018, ICL divested and transferred the assets and business of Rovita GmbH, which produces a commodity milk protein. In the first quarter of 2018, the business <font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000">had sales of $7 million and operating loss of $1million.</font></div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">In March 2019, ICL finalized the sale of assets related to the closure of its production facility in Mexico which resulted in a capital gain of $1million.</div>
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<div style="FONT-SIZE: 9pt">The results in the first quarter of 2019 were positively impacted by higher prices and sales volumes compared to the corresponding quarter last year which were partly offset by higher sulphur prices.</div>
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<div style="FONT-SIZE: 9pt">During the first quarter of 2019 the downward trend in phosphate commodity prices continued driven by a seasonally low demand across global markets, unfavorable weather in the <font style="FONT-SIZE: 9pt">U.S.</font> and relatively high DAP stocks in India. According to CRU (Fertilizer Week Historical Prices, March 2019), Q1 2019 DAP average price (CFR India Spot) decreased by 4.3% and by 1.7% compared to Q4 and Q1 2018, respectively to $404/tonne while TSP price (CFR Brazil Spot) was down 6.5% compared to Q4 2018 to $348/tonne but was still 6.7% higher than Q1 2018, mainly due <font style="FONT-SIZE: 9pt">to </font>low availability and OCP&#8217;s announcement regarding maintenance works in April in its facilities. Average SSP price (CPT Brazil inland 18-20% P<sub>2</sub>O<sub>5</sub> Spot) was $239/tonne, similar to Q4 2018 and about 26% higher than Q1 2018.</div>
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<div style="FONT-SIZE: 9pt">The phosphoric acid price (100% P<sub>2</sub>O<sub>5</sub>) signed between OCP and its Indian partners for Q1 2019 was set at $750/tonne, a decrease of $18/tonne compared to Q4 2018. Q2 prices were down by an additional $22/tonne to $728/tonne.</div>
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<div style="FONT-SIZE: 9pt">The phosphate rock market was firm during the first quarter of 2019, with stable prices across most global <font style="FONT-SIZE: 9pt">spot</font> markets, although a moderate increase was noticed in <font style="FONT-SIZE: 9pt">a </font>few of them. According to CRU (Fertilizers Week Historical Prices, March 2019) the average price for Q1 (FOB Morocco contract) was $99/tonne (68-72% BPL), which was 3.1% and 17.9% higher than Q4 2018 and Q1 2018, respectively.</div>
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<div style="FONT-SIZE: 9pt">Sulphur prices decreased sharply during the first quarter of 2019 across global markets. According to CRU (Fertilizer Week Historical Prices, March 2019) the average price of sulphur Bulk FOB Adnoc monthly contract in the first quarter of 2019 was $115 per tonne, a 32% decrease compared with its 2018 fourth quarter average price. This can be explained mainly by the decrease in the processed phosphates commodities prices.</div>
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<div style="FONT-SIZE: 9pt">Major suppliers reacted to the market trends: during February, eight major Chinese phosphate fertilizers producers (so called the &#8216;6+2&#8217; group) announced a production cut of 100,000 tonnes each (a total of 800,000 tonnes) of their 2019 planned production. Mosaic (<font style="FONT-SIZE: 9pt">U.S.)</font> and OCP (Morocco) published in March corresponding announcements of cutting 300,000 tonnes each of their planned 2019 production. In addition, slower than expected ramp up of major projects (Wa&#8217;ad al Shamal Joint Venture of Ma&#8217;aden, Sabic and Mosaic and OCP&#8217;s projects at Jorf Lasfar and at La&#226;youne) and the idling of Mosaic's Plant City (<font style="FONT-SIZE: 9pt">U.S.)</font> facility moderated the price pressure.</div>
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<div style="FONT-SIZE: 9pt">According to official data, MAP imports to Brazil during the first quarter of 2019 increased by 4.3%, to more than 0.<font style="FONT-SIZE: 9pt">51 Million tonnes</font> compared to the first quarter of 2018 and TSP imports increased by 65.5% to more than 0.<font style="FONT-SIZE: 9pt">12 Million tonnes</font>.</div>
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<div style="FONT-SIZE: 9pt">According to the FAI (Fertilizer Association of India), DAP imports during the first quarter of 2019 increased by 147% to 1.03 million tonnes compared to the first quarter of 2018. In addition, domestic DAP production increased by 36.1%<font style="FONT-SIZE: 9pt">&#160;</font>to 1.31 million tonnes. This can be explained by the decrease in the prices of both DAP and phosphoric acid used for the production of DAP.</div>
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<div style="FONT-SIZE: 9pt">For information regarding the developments in the agriculture markets (FertilizerpluS products) see &#8220;Potash - significant highlights and business environment&#8221;.</div>
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<div style="TEXT-TRANSFORM: none; COLOR: #1f497d; TEXT-ALIGN: justify; FONT: 8pt/1.25 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'">Phosphate Solutions Segment information as at March 31, 2019 (Unaudited)</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;23</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;98</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;113</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;43</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;42</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.11%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;172</div>
</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="VERTICAL-ALIGN: middle; WIDTH: 60.56%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div id="DSPFPageHeader"></div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Capital Expenditures &#8211; Implementation of IFRS16*</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;103</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.11%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 60.56%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital Expenditures &#8211; Ongoing</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;40</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.11%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;180</div>
</td>
</tr>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -14.2pt"><font style="FONT-SIZE: 9pt">*&#160;&#160; </font>For further information regarding the initial application of IFRS 16, see note 2 to the Company's condensed consolidated interim financial statements as at March 31, 2019.</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 18</div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

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<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div id="DSPFPageHeader" style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Phosphate Solutions Segment information as at March 31, 2019 (Unaudited)</div>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25"><u>Results of operations for the period Q1 2019</u></div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="z5efdb1b718d240beaa71af66fc303581" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 46.67%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Sales</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Expenses</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 13.28%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 46.67%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 40.05%" colspan="3">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.28%">&#160;</td>
</tr>
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<div>&#160;</div>

<table id="z94261f8eb86d4f84ad4260f2b09cd0f8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2018 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;533</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(505)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;28</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Divested businesses</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(7)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2018 figures (excluding divested businesses)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;526</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(497)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;29</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Quantity</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(10)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(2)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;<img src="image00007.jpg"></td>
</tr>

<tr style="HEIGHT: 14px">
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Price</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;24</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;24</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;<img src="image00006.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Exchange rate</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(21)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;18</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;<img src="image00007.jpg"></td>
</tr>

<tr style="HEIGHT: 13px">
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Raw materials</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(7)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(7)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;<img src="image00007.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Energy</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;<img src="image00008.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Transportation</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;<img src="image00007.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating and other expenses</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;<img src="image00007.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 46.67%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2019 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;537</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(502)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.36%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; TEXT-ALIGN: center; WIDTH: 13.28%">&#160;</td>
</tr>
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<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="zdcdd254f5eae4115a56fba1c1263ac9e" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><u>Quantity</u></font> &#8211; the negative impact on the segment profit, despite positive contribution to revenues, derives mainly from higher sales quantities of phosphate commodities, mainly fertilizers, coupled with a decrease in sales of higher margin phosphate specialties products, mostly acids, also attributed to ICL's "value over volume" strategy.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"><u>Price</u></font> &#8211; the segment benefited from a positive price impact throughout most of the phosphate value chain. The increase derives mainly from the selling prices of phosphate fertilizers (mostly TSP and SSP) together with higher prices of phosphate-based acids, salts and food additives<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font></div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'"><font style="FONT-SIZE: 9pt"><u>Raw materials</u></font> &#8211; the negative impact on the segment&#8217;s profit derives mainly from higher <font style="FONT-SIZE: 9pt">consumed </font>sulphur prices which increased the costs of the main raw materials <font style="FONT-SIZE: 9pt">used</font> throughout the phosphate value</font> chain.</div>
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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Innovative Ag Solutions Segment information as at March 31, 2019 (Unaudited)</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">Innovative Ag Solutions</div>

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<div style="FONT-SIZE: 9pt">The segment's sales were lower compared to the corresponding quarter last year, mainly due to the exchange rate effect (devaluation of the euro against the dollar) and due to lower sales in the specialty agriculture market.</div>
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<div style="FONT-SIZE: 9pt">Sales to the specialty agriculture market were lower compared to the corresponding quarter last year due to unfavorable dollar-euro exchange rates, lower sales of CRFs in North America due to slow ramp up of a new plant, and lower sales volumes of liquid fertilizers in Israel caused by <font style="FONT-SIZE: 9pt">the </font>prolonged rainy season.</div>
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<div style="FONT-SIZE: 9pt">Sales to the Turf and Ornamental market were stable. Improved demand in Europe, which was supported by favorable weather conditions, advanced sales in the UK driven by concerns regarding Brexit and higher prices were offset by <font style="FONT-SIZE: 9pt">the </font>unfavorable dollar-euro exchange rate.</div>
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<div style="FONT-SIZE: 9pt; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Maintenance in our nitric acid plant in Israel <font style="FONT-SIZE: 9pt">during</font> the quarter, limited ammonia imports and therefore reduced sales.&#160; </div>
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<font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 20</div>

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<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Innovative Ag Solutions Segment information as at March 31, 2019 (Unaudited)<br style="LINE-HEIGHT: 1.25">
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25"><u>Results of Operations</u></div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total Sales</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;205</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;221</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.14%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;741</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;&#160;&#160;Sales to external customers</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;199</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;211</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.14%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;719</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;&#160;&#160;Sales to internal customers</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;22</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Segment profit (After allocation of G&amp;A)</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;18</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 13.14%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;29</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Depreciation and Amortization</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.14%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;19</div>
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<td style="VERTICAL-ALIGN: middle; WIDTH: 60.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div id="DSPFPageHeader"></div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Capital Expenditures &#8211; Implementation of IFRS16*</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.14%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 60.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital Expenditures &#8211; Ongoing</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.16%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.14%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -14.2pt"><font style="FONT-SIZE: 9pt">*&#160;&#160; </font>For further information regarding the initial application of IFRS 16, see note 2 to the Company's condensed consolidated interim financial statements as at March 31, 2019.</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25"><u>Results of operations for the period Q1 2019</u></div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="z2e9045796b3947098027d1dcd18d19e1" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 46.66%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Sales</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Expenses</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 13.33%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 46.66%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 40.01%" colspan="3">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.33%">&#160;</td>
</tr>
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<div>&#160;</div>

<table id="z6370dedc9e694eaa947916cced11a09b" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2018 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;221</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(203)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;18</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.33%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Quantity</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(12)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(4)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.33%">&#160;<img src="image00007.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Price</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.33%">&#160;<img src="image00006.jpg"></td>
</tr>

<tr style="HEIGHT: 12px">
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Exchange rate</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(11)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.33%">&#160;<img src="image00007.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Raw materials</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.33%">&#160;<img src="image00007.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Energy</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.33%">&#160;<img src="image00008.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Transportation</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; TEXT-ALIGN: center; WIDTH: 13.33%">&#160;<img src="image00008.jpg"></td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating and other expenses</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(2)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(2)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 13.33%"><img src="image00007.jpg">&#160;</td>
</tr>

<tr style="HEIGHT: 17px">
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 46.66%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Q1 2019 figures</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;205</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(192)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.34%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; TEXT-ALIGN: center; WIDTH: 13.33%">&#160;</td>
</tr>
</table>

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<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z0f865830bea04974b85779cecdb22011" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Quantity</u></font> &#8211;<font style="FONT-SIZE: 9pt">&#160;</font>the negative impact on the segment's profit derives mainly from specialty agriculture products, largely from lower sales of liquid fertilizers and chemicals.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z26150bfb30a0435db966388c6cf9444b" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Price</u></font> &#8211; the positive impact on the segment's profit derives mainly from an increase in the selling prices of specialty agriculture products.</div>
</td>
</tr>
</table>
</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
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<tr>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Exchange rate </u></font>&#8211; the negative impact on the segment's profit derives mainly from the devaluation in the average exchange rate of the euro against the dollar which decreased revenues more than it contributed to savings in production costs.</div>
</td>
</tr>
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<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div id="DSPFPageHeader" style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'"></div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
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<tr>
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<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; WIDTH: 14.2pt; align: right">-</td>
<td style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt"><u>Raw materials </u></font>&#8211; the negative impact on the segment&#8217;s profit derives from an increase in most of the segment&#8217;s raw <font style="FONT-SIZE: 9pt">material</font> prices.</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 11pt; FONT-FAMILY: 'Times New Roman', serif">&#160;</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">&#160;</font> Q1 2019 Results 21</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Liquidity and Capital Resources</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Set forth below are the highlights of the changes in the cash flows in the first quarter of 2019, compared with the corresponding quarter last year:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt"><u>Net cash used in investing activities</u></font>:</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">In the first quarter of 2019, the cash flows used in investing activities amounted to $82 million, compared to the cash flow provided from investing activities in the corresponding quarter last year in <font style="FONT-SIZE: 9pt">the </font>amount of $814 million. The cash flow provided from investing activity in the current quarter and in the corresponding quarter last year included cash proceeds received from <font style="FONT-SIZE: 9pt">the </font>sale of assets in Israel and Mexico in the amount of $35 million and business divestiture of the Fire Safety and Oil Additives businesses in the amount of $931 million<font style="FONT-SIZE: 9pt">, respectively.</font> Excluding those transactions, the cash flow used in investing activity amounted to $117 million for both current quarter and corresponding quarter last year.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">In the first quarter of 2019<font style="FONT-SIZE: 9pt">,</font> there was a decrease of $30 million in the cash flows used in financing activities compared with the corresponding quarter last year. This decrease derives mainly from net repayments of short term and long-term loans in the amount of $48 million compared with net repayments in the amount of $70 million in the corresponding quarter last year<font style="FONT-SIZE: 9pt">.</font></div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">As at March 31, 2019, ICL&#8217;s net financial liabilities amounted to $2,527 million, an increase of $315 million compared to December 31, 2018. The increase of the net financial liabilities derives mainly from an increase of $300 million of long term liability as a result of IFRS16 implementation.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">In addition, ICL has long-term credit facilities of $1,230 million, of which $1,030 million was unutilized as at March 31, 2019. As part of the Company's efforts to reduce its finance expenses, on March 13, 2019, the Company terminated a credit facility agreement <font style="FONT-SIZE: 9pt">amounting</font> to $35 million and 100 million euros. All the other material original terms of the revolving credit facility agreements were maintained. </div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Critical Accounting Estimates</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">There were no material changes in our critical accounting estimates during the three-month period ended March 31, 2019.</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Board of Directors and Senior Management Updates</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt">In</font> March 2019, the Company reported Mr. Johanan Locker's end of tenure during the second quarter as a board member and as the Executive Chairman of the Company's Board of Directors, following a successful term in office.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt">In</font> March 2019, the Company's Board of Directors has chosen Mr. Yoav Doppelt, which was recently appointed as the new CEO of Israel Corporation Ltd., and a board member of the Company's Board of Directors, to serve as the Company's new Executive Chairman of the Board. The starting date of Mr. Doppelt's tenure as the Company's Executive Chairman of the Board is expected to be during the second quarter of 2019.&#160; </div>

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<div style="FONT-SIZE: 9pt">Election of Mr. Yoav Doppelt as a director, effective as of the date of this meeting;</div>
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<div style="FONT-SIZE: 9pt">Subject to the election of Mr. Yoav Doppelt as director as set forth in item 1 above, approval of the compensation terms and equity grant for our new Executive Chairman of the Board, Mr. Doppelt; and</div>
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<div style="FONT-SIZE: 9pt">Approval of a Special Bonus for 2018 to our Executive Chairman of the Board, Mr. Johanan Locker.</div>
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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Risk Factors</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">In the three-month period ended March&#160;31, 2019, there were no material changes in the risk factors previously disclosed in our Annual Report on Form 20-F for the year ended December 31, 2018.</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Quantitative and Qualitative Exposures stemming from Market Risks</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Legal Proceedings</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other Information</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><u>Shelf Prospectus</u></div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Condensed Consolidated Statements of Financial Position as at (Unaudited)</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2019</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2018</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">December 31, 2018</div>
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</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 59.01%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z0335a99a2197438e96a606df54aa3d2f" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Current assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cash and cash equivalents</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;103</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;798</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;121</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Short-term investments and deposits</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;80</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;78</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;92</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Trade receivables</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,071</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,014</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;990</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Inventories</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,254</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,255</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,290</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other receivables</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;271</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;296</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;295</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total current assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,779</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,441</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,788</div>
</td>
</tr>

<tr style="HEIGHT: 11px">
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Non-current assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Investments in equity-accounted investees</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;30</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;30</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;30</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Investments at fair value through other comprehensive income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;201</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;219</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;145</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Deferred tax assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;83</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;123</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;122</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Property, plant and equipment</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4,961</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4,577</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4,663</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Intangible assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;664</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;732</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;671</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other non-current assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;399</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;448</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;357</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total non-current assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6,338</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6,129</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,988</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 59.01%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9,117</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9,570</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8,776</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Current liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Short-term credit</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;638</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;642</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;610</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Trade payables</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;616</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;736</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;715</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Provisions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;59</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;37</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other current liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;649</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;689</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;647</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total current liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,939</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,126</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,009</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Non-current liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Long-term debt and debentures</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,072</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,503</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,815</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Deferred tax liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;303</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;255</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;297</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Long-term employee liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;524</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;588</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;501</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Provisions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;227</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;206</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;229</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other non-current liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;16</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;17</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total non-current liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,142</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,569</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,852</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,081</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,695</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4,861</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Equity</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total shareholders&#8217; equity</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,897</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,804</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,781</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Non-controlling interests</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;139</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;71</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;134</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total equity</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4,036</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,875</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,915</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 59.01%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.66%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 59.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total liabilities and equity</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.66%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9,117</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9,570</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 13.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8,776</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">The accompanying notes are an integral part of these condensed consolidated financial statements.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 26</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Condensed Consolidated Statements of Income (Unaudited)</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">(In millions except per share data)</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z105333e56e56421aa7f7027822b33393" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 61.29%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 25.81%" colspan="2">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">For the three-month</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">period ended</div>
</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">For the year ended</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, </div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">2019</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">March 31, </div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">December 31, </div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z94e8f067a24f4aaa888583f23e58ea2f" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,556</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cost of sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;914</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;973</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,702</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Gross profit</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;501</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;431</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,854</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Selling, transport and marketing expenses</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;195</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;200</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;798</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">General and administrative expenses</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;63</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;70</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;257</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Research and development expenses</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;14</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;55</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other expenses</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;16</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;84</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(13)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(846)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(859)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;227</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;985</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,519</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Finance expenses</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;79</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;40</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;214</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Finance income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(44)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(25)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(56)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Finance expenses, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;158</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share in earnings of equity-accounted investees</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Income before income taxes</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;192</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;971</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,364</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Provision for income taxes</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;51</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;45</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;129</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;141</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;926</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,235</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div id="DSPFPageHeader"></div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Net gain (loss) attributable to the non-controlling interests</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(2)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net income attributable to the shareholders of the Company</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;139</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;928</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,240</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Earnings per share attributable to the shareholders of the Company:</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Basic earnings per share (in dollars)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;0.11</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;0.73</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;0.97</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Diluted earnings per share (in dollars)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;0.11</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;0.73</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;0.97</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Weighted-average number of ordinary shares outstanding:</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Basic (in thousands)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,278,283</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,276,349</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,277,209</div>
</td>
</tr>

<tr style="HEIGHT: 17px">
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.29%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.9%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 61.29%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Diluted (in thousands)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,282,689</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,277,595</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.9%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,279,781</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">The accompanying notes are an integral part of these condensed consolidated financial statements.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 27</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Condensed Consolidated Statements of Comprehensive Income (Unaudited)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="z3beb37caa01949438821011486284a43" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr style="HEIGHT: 26px">
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 62.5%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 25%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">For the three-month period ended</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">For the year ended</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">March 31, </div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">2019</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">March 31, </div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">December 31,</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">&#160;2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z2cee50fbacc947b98b0037ca61d9a595" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;141</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;926</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,235</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Components of other comprehensive income that will be reclassified subsequently to net income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Currency translation differences</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;42</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(95)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Changes in fair value of hedge derivatives designated as a cash flow hedge</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net changes of investments at fair value through other comprehensive income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(2)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Tax expenses relating to items that will be reclassified subsequently to net income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;40</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(95)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Components of other comprehensive income that will not be reclassified to net income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net changes of investments at fair value through other comprehensive income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;53</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(58)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Actuarial gains (losses) from defined benefit plans</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(14)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;48</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;56</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Tax expense relating to items that will not be reclassified to net income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(8)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;40</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total comprehensive income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;180</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,006</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,135</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Comprehensive income (loss) attributable to the non-controlling interests</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(9)</div>
</td>
</tr>

<tr style="HEIGHT: 16px">
<td style="VERTICAL-ALIGN: middle; WIDTH: 62.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 62.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Comprehensive income attributable to the shareholders of the Company</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;175</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,006</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,144</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">The accompanying notes are an integral part of these condensed consolidated financial statements.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 28</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25">Condensed Consolidated Statements of Cash Flows (Unaudited)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<table id="z8425b84e1a224b1194d2c65da0f18089" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr style="HEIGHT: 26px">
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; WIDTH: 61.54%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 25.64%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">For the three-month period ended</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">For the year ended</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">March 31, </div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">2019</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">March 31, </div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">December 31, </div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; LINE-HEIGHT: 1.25">2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 61.54%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="ze4c086c54dd14bcdbe0190539bb1da4b" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cash flows from operating activities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;141</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;926</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,235</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Adjustments for:</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Depreciation and amortization</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;111</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;97</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;403</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Impairment of non-current assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;17</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Exchange rate and interest expenses, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;54</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share in earnings of equity-accounted investees, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Gain from divestiture of businesses</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(841)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(841)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital gain</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(12)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share-based compensation</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;19</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Deferred tax expenses</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;41</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;28</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;76</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;196</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(709)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(294)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Change in inventories</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(42)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(115)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Change in trade and other receivables</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(57)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(44)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(104)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Change in trade and other payables</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(121)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(69)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(36)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Change in provisions and employee benefits</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(26)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(66)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net change in operating assets and liabilities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(164)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(181)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(321)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net cash provided by operating activities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;173</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;620</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cash flows from investing activities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Proceeds from deposits, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;14</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Purchases of property, plant and equipment and intangible assets</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(131)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(127)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(572)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Proceeds from divestiture of businesses net of transaction expenses</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;931</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;902</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Dividends from equity-accounted investees</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Proceeds from sale of property, plant and equipment</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net cash provided by (used in) investing activities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(82)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;814</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;331</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cash flows from financing activities</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Dividends paid to the Company's shareholders</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(61)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(69)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(241)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Receipt of long-term debt</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;240</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;418</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,746</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Repayment of long-term debt</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(270)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(250)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(2,115)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Short-term credit from banks and others, net</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(18)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(238)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(283)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net cash used in financing activities</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(109)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(139)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(894)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net change in cash and cash equivalents</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(18)</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;711</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;57</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cash and cash equivalents as at the beginning of the period</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;121</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;88</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;83</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Net effect of currency translation on cash and cash equivalents</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(24)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cash and cash equivalents included as part of assets held for sale</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 61.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Cash and cash equivalents as at the end of the period</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.82%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;103</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;798</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.82%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;121</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The accompanying notes are an integral part of these condensed consolidated financial statements.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 29</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">&#160;</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25">Condensed Consolidated Statements of Cash Flows (Unaudited) (cont&#8217;d)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25">Additional Information</div>

<div style="FONT-SIZE: 12pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25">&#160;</div>
</div>

<table id="z6c7510aa5f9d4867a00c423c613daa73" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: bottom; WIDTH: 60%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; WIDTH: 26.67%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">For the three-month period ended</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.33%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">For the year ended</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.33%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2019</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.33%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.33%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">December 31, 2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 60%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.33%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.33%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 13.33%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="za024cd45de404536897dc9a2933e2295" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Income taxes paid, net of refunds</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.33%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;23</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.33%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;29</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.32%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;56</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 60.01%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Interest paid</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.33%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;21</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.33%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;22</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 13.32%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;103</div>
</td>
</tr>
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<div style="LINE-HEIGHT: 1.25">
<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
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<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 14.2pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The accompanying notes are an integral part of these condensed consolidated financial statements.</div>

<br style="LINE-HEIGHT: 1.25">
</div>
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<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 30</font></div>

<br style="LINE-HEIGHT: 1.25">
</div>

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<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Condensed Consolidated Statements of Changes in Equity (Unaudited)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="z40e8d6ea5ab342868706b93509790912" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: top; WIDTH: 22.29%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 60.44%" rowspan="3" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Attributable to the shareholders of the Company</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 8.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Non-</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 8.63%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.29%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">controlling</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 17.24%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Total</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.29%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">interests</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 17.24%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">equity</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.29%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.63%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.48%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Cumulative</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.47%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Treasury</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.64%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Total</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.64%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.63%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.29%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.63%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Share</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Share</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">translation</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.47%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Capital</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">shares<font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif">,</font></div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Retained</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">shareholders'</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.64%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.63%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.29%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.63%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">capital</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">premium</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.77%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">adjustments</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.47%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">reserves</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">at cost</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">earnings</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">equity</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.64%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.63%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 22.29%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 77.6%" colspan="9">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="ze50f0446c40d418780d6e59db3e6bec6" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.33%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the three-month period ended March 31, 2019</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.72%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.52%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.33%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Balance as at January 1, 2019</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.72%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;546</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.52%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;193</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(424)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(17)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(260)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,743</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,781</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;134</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,915</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.33%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.72%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.52%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.5%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.33%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share-based compensation</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.72%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.52%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.33%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Dividends</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.72%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.52%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(61)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(61)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(61)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 22.33%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Comprehensive income</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.72%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.52%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;56</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;122</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;175</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;180</div>
</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 22.33%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Balance as at March 31, 2019</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.72%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;546</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.52%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;193</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(427)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;41</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(260)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,804</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,897</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;139</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4,036</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">The accompanying notes are an integral part of these condensed consolidated financial statements.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 31</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Condensed Consolidated Statements of Changes in Equity (Unaudited) (cont'd)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="z9d155843932b4f5f957e71c17a9b7512" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid" rowspan="3" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Attributable to the shareholders of the Company</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Non-</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">controlling</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Total</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">interests</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">equity</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.45%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Cumulative</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.44%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Treasury</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Total</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Share</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.45%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Share</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">translation</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Capital</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">shares<font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif">,</font></div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Retained</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">shareholders'</div>
</td>
<td style="VERTICAL-ALIGN: middle" colspan="3">&#160;&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">capital</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.45%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">premium</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">adjustments</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">reserves</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">at cost</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">earnings</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">equity</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid" colspan="3">&#160;&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid" colspan="10">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="ze70b677130424a809b829a3e087fff41" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the three-month period ended March 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Balance as at January 1, 2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;545</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;186</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(333)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;30</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(260)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,691</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,859</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;71</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,930</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share-based compensation</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Dividends</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(69)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(69)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(69)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Comprehensive income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;40</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(2)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;968</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,006</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,006</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Balance as at March 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;545</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;186</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(293)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(260)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,590</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,804</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;71</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,875</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">The accompanying notes are an integral part of these condensed consolidated financial statements.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 32</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Condensed Consolidated Statements of Changes in Equity (Unaudited) (cont'd)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<table id="zc8d9d37db2db4315b9becaf1c7a66a73" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid" rowspan="3" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Attributable to the shareholders of the Company</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Non-</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">controlling</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Total</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">interests</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">equity</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.45%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Cumulative</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.44%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Treasury</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Total</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Share</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.45%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Share</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">translation</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Capital</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">shares<font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif">,</font></div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Retained</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">shareholders'</div>
</td>
<td style="VERTICAL-ALIGN: middle" colspan="3">&#160;&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">capital</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.45%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">premium</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">adjustments</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">reserves</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">at cost</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">earnings</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">equity</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid" colspan="3">&#160;&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 22.38%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid" colspan="10">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<br style="LINE-HEIGHT: 1.25">
</div>

<table id="z5a91cfa240ac4a6bbac3c113ea0ecdda" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the year ended December 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Balance as at January 1, 2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;545</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;186</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(333)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;30</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(260)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,691</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,859</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;71</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,930</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share-based compensation</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;11</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;19</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;19</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Dividends</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(241)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(241)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(242)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capitalization of subsidiary debt</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;73</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;73</div>
</td>
</tr>

<tr style="HEIGHT: 16px">
<td style="VERTICAL-ALIGN: middle; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Comprehensive income (loss)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(91)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(58)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,293</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,144</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(9)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,135</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 22.25%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Balance as at December 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;546</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.44%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;193</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(424)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(17)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(260)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,743</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,781</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;134</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 8%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3,915</div>
</td>
</tr>
</table>

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<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">The accompanying notes are an integral part of these condensed consolidated financial statements.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 33</font></div>

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</div>
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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 1 &#8211; The Reporting Entity</div>

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</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Israel Chemicals Ltd. (hereinafter &#8211; the Company), is a company domiciled and incorporated in Israel. The Company's shares are traded on both the Tel-Aviv Stock Exchange (TASE) and the New York Stock Exchange (NYSE). The address of the Company&#8217;s registered headquarter is 23 Aranha St., Tel Aviv, Israel. The Company is a subsidiary of Israel Corporation Ltd., a public company traded on the TASE. The Company together with its subsidiaries, associated companies and joint ventures (hereinafter &#8211; the Group or ICL), is a leading specialty minerals group that operates a unique, integrated business model. The Company competitively extracts certain minerals as raw materials and utilizes processing and product formulation technologies to add value to customers in two main end-markets: agriculture and Industrial (including food additives). ICL&#8217;s products are used mainly in the areas of agriculture, electronics, food, fuel and gas exploration, water purification and desalination, detergents, cosmetics, medicines and vehicles.</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The State of Israel holds a Special State Share in ICL and in some of its subsidiaries, entitling the State the right to safeguard the State of Israel interests<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font></div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 2 &#8211; Significant Accounting Policies</div>

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</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<table id="z17b70fdf51f84f15a11dc35382a1720e" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; COLOR: #4f81bd; WIDTH: 18pt; align: right">A.</td>
<td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd">Basis of Preparation</div>
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<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The Company's financial statements are prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;) as issued by the International Accounting Standards Board (IASB) and the Company uses IFRS as its generally accepted accounting principles (&#8220;GAAP&#8221;).</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The condensed consolidated interim financial statements were prepared in accordance with IAS&#160;34, &#8220;Interim Financial Reporting&#8221; and do not include all the information required in complete, annual financial statements. These condensed consolidated interim financial statements and notes are unaudited and should be read together with the Company's audited financial statements included in its Annual <font style="FONT-SIZE: 9pt">Reports</font> on Form 20-F as at and for the year ended December 31, 2018 (hereinafter &#8211; the Annual Financial Statements), as filed with the Securities and Exchange Commission ("SEC").</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Except as described below, the accounting policies and assumptions used in preparation of these condensed consolidated interim financial statements are consistent with those used in preparation of the Company's Annual Financial Statements and in the Company's opinion include all the adjustments necessary to fairly present such information. Interim results are not necessarily indicative of the Company's expected results for the entire year.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 34</font></div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 2 &#8211; Significant Accounting Policies (cont&#8217;d)</div>

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<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd">Initial application of new standards, amendments to standards and interpretations</div>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">IFRS 16, Leases (hereinafter - &#8220;IFRS 16&#8221; or &#8220;the standard&#8221;)</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">IFRS 16 replaces IAS 17, Leases and its related interpretations. The standard's instructions supersede IAS 17 requirement from lessees to classify leases as operating or finance leases. The new standard presents a unified model for the accounting treatment of all leases according to which the lessee has to recognize a right-of-use asset and a lease liability in its financial statements.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Commencing January 1, 2019, the Company implements the provisions of the Standard without a restatement of comparative data.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">On the inception date of the lease, ICL determines whether the arrangement is a lease or contains a lease, while examining if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In its assessment of whether an arrangement conveys the right to control the use of an identified asset, ICL assesses whether it has the following two rights throughout the lease term:</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">The right to obtain substantially all the economic benefits from use of the identified asset; and</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">The right to direct the identified asset&#8217;s use<font style="FONT-SIZE: 9pt; FONT-FAMILY: Arial, sans-serif; FONT-STYLE: italic">.</font></div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The lease term is the non-cancellable period of the lease plus periods covered by an extension or termination option if it is reasonably certain that the lessee will exercise or not exercise the option, respectively.</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 2 &#8211; Significant Accounting Policies (cont&#8217;d)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd">Initial application of new standards, amendments to standards and interpretations (cont'd)</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">Not applying the requirement to recognize a right-of-use asset and a lease liability in respect of short-term leases of up to one year as well as for leases that end within 12 months from the date of initial application.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">Not separating non-lease components from lease components and instead accounting for all the lease components and related non-lease components as a single lease component.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">Relying on a previous assessment of whether an arrangement contains a lease in accordance with IAS 17, Leases, and IFRIC 4, Determining whether an Arrangement contains a Lease, with respect to agreements that exist at the date of initial application.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">Not applying the requirement to recognize a right-of-use asset and a lease liability in respect of leases where the underlying asset has a low value.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd">Accounting policy for new transactions</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-STYLE: italic; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Cash flow hedges</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The Company designates certain derivatives as hedging instruments in hedge accounting, in order to hedge changes in cash flows which derive from changes in foreign currency exchange rates relating to principal and interest in respect of debentures and loans in NIS<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font> For further information relating to the hedged instruments, see note 4<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font></div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">When a derivative is designated as a cash flow hedge, the effective portion of the changes in fair value of the derivative is recognized in other comprehensive income, directly within a hedging reserve. The effective portion of changes in fair value of a derivative, recognized in other comprehensive income, is limited to the cumulative change in fair value of the hedged item (based on present value), from inception of the hedge. The change in fair value in respect of the ineffective portion is recognized immediately in profit or loss.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Under IFRS 9<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">,</font> the Company has chosen to designate the change in fair value in respect of the spot element of swap contracts alone, as a hedging instrument in cash flow hedging ratios. The change in fair value attributable to the forward component and the foreign currency base spread is treated as a cost of hedging<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">,</font> and accordingly recognized in other comprehensive income and accumulated in a cost of hedging reserve as a separate component within equity.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The amounts accumulated in the hedging reserve are reclassified to profit or loss in the same period, or periods, in which the hedged forecasted future cash flows affect profit or loss<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font> The change in cost of hedging fair value is systematically and rationally reclassified to profit or loss over the period in which the immediate price element can affect the profit and loss.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 36</font></div>
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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segments</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">1. Information on operating segments</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">ICL is a global specialty minerals and chemicals company operating bromine<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">,</font> potash and phosphate mineral value chains in a unique, integrated business model.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Our operations are organized under four segments: Industrial Products, Potash, Phosphate Solutions and Innovative Ag Solutions.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-WEIGHT: bold">Industrial Products &#8211; </font><font style="FONT-SIZE: 9pt">the</font><font style="FONT-SIZE: 9pt; FONT-WEIGHT: bold">&#160;</font>Industrial Products segment produces elemental bromine out of a solution which is complementary<font style="FONT-SIZE: 9pt">&#160;</font>to the potash production process in Sodom, Israel, as well as bromine&#8209;based compounds. <font style="FONT-SIZE: 9pt">The </font>Industrial Products segment uses most of the bromine it produces for self&#8209;production of bromine compounds at its production sites in Israel, the Netherlands and China. In addition, the segment produces several grades of potash, salt, magnesium chloride and magnesia products. The segment is also engaged in the production and marketing of <font style="FONT-SIZE: 9pt">phosphorus</font><font style="FONT-SIZE: 9pt">-</font>based flame retardants and additional phosphorus&#8209;based products.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-WEIGHT: bold">Potash </font>&#8211; The P<font style="FONT-SIZE: 9pt">otash segment uses an evaporation process to extract potash from the Dead Sea and uses conventional mining to produce potash and salt from an underground mine in Spain. The segment markets its potash fertilizers globally and also carries <font style="FONT-SIZE: 9pt">out</font> certain other operations not solely related to the potash activities. At the end of the second quarter of 2018, the Company ceased the production of potash in the ICL Boulby mine in the UK and shifted to sole production of Polysulphate&#8482;. Polysulphate&#8482; is produced in an underground mine at ICL Boulby in the UK and is the basis for a significant part of the Company's FertilizerpluS product line. <font style="FONT-SIZE: 9pt">The Potash segment also sells salt that is produced in its Potash and Polysulphate underground mines in Spain and the UK. </font>The segment also includes magnesium activities under which it produces, markets and sells pure magnesium and magnesium alloys, and also produces related by-products, including chlorine and sylvinite.</font></div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">Phosphate Solutions &#8211;</font>&#160;<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif">The Phosphate Solutions segment is based on a phosphate value chain which uses phosphate commodity products, such as phosphate rock and fertilizer-grade phosphoric acid (&#8220;green phosphoric acid&#8221;), to produce specialty products with higher added value. The segment also produces and markets phosphate-based fertilizers.</font></div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Phosphate rock is mined and processed from open pit mines, three of which are located in the Negev Desert in Israel while the fourth is located in Yunnan province in China. Sulphuric acid, green phosphoric acid and phosphate fertilizers are produced in facilities in Israel, China and Europe.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 37</font></div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segments (cont&#8217;d)</div>

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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">A. General (cont&#8217;d)</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">1. Information on operating segments (cont&#8217;d)</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The Phosphate Solutions segment purifies some of its green phosphoric acid and manufactures thermal phosphoric acid to provide solutions based on specialty phosphate salts and acids for diversified industrial end markets, such as oral care, cleaning products, paints and coatings, water treatment, asphalt modification, construction and metal treatment. The specialty phosphate salts and acids are mainly produced in the Company&#8217;s facilities in <font style="FONT-SIZE: 9pt">the U</font><font style="FONT-SIZE: 9pt">.</font><font style="FONT-SIZE: 9pt">S</font>, Brazil, Germany and China. The segment is also a leader in developing and producing functional food ingredients and phosphate additives, which provide texture and stability solutions for the processed meat, poultry, seafood, dairy, beverage and baked goods markets. In addition, the segment supplies pure phosphoric acid to ICL&#8217;s specialty fertilizers business and produces milk and whey proteins for the food ingredients industry.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">Innovative Ag Solutions &#8211; </font>The Innovative Ag Solutions segment aims to achieve global leadership in specialty fertilizers markets by enhancing its global positions in its core markets of specialty agriculture, ornamental horticulture, turf and landscaping, targeting high-growth markets such as Latin America, India and China, by leveraging its unique R&amp;D capabilities, vast agronomic experience, global footprint, backward integration to potash and phosphate and chemistry know-how, as well as seeking M&amp;A opportunities. ICL is working to expand its broad product portfolio of controlled release fertilizers (CRF), water soluble fertilizers (WSF), liquid fertilizers, slow release fertilizers (SRF) and straights (MKP/MAP/PeKacid).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The Innovative Ag Solutions segment develops, manufactures, markets and sells fertilizers that are based primarily on nitrogen, potash (potassium chloride) and phosphate. It produces water soluble specialty fertilizers in Belgium and the <font style="FONT-SIZE: 9pt">U</font><font style="FONT-SIZE: 9pt">.</font><font style="FONT-SIZE: 9pt">S</font>, liquid fertilizers and soluble fertilizers in Israel and Spain, and controlled&#8209;release fertilizers in the Netherlands and the United States. ICL's specialty fertilizers business markets its products worldwide, mainly in Europe, Asia, North America and Israel.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The segment also functions as ICL&#8217;s <font style="FONT-SIZE: 9pt">innovative</font> arm, seeking to focus on R&amp;D, as well as implementing digital innovation.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt"><font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold">Other Activities</font> &#8211; Business activities that are not reviewed regularly by the organization&#8217;s chief operating decision maker.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">2. Segment capital investments</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The capital investments made by the segments, for each of the reporting periods, include mainly property, plant and equipment and intangible assets acquired in the ordinary course of business and as part of business combinations.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 38</font></div>
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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segments (cont&#8217;d)</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">3. Inter&#8211;segment transfers and unallocated income (expenses)</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Segment revenues, expenses and results include inter-segment transfers, which are priced mainly based on transaction prices in the ordinary course of business &#8211; this being based on reports that are regularly reviewed by the chief operating decision maker. These transfers are eliminated as part of consolidation of the financial statements.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Commencing the first quarter of 2019, the segment profit is measured based on the operating income after allocation of general and administrative expenses and without certain expenses that are not allocated to the operating segments, as presented in the reports regularly reviewed by the chief operating decision maker. The comparative data has been restated accordingly.</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 39</font></div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segments (cont&#8217;d)</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Industrial Products</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Potash</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Phosphate Solutions</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Innovative Ag Solutions</div>
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<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Other</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Activities</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Reconciliation</div>
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.65%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Consolidated</div>
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<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 74.47%" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the three-month period ended March 31, 2019</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">&#160;</td>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">&#160;</td>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Sales to external parties</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;347</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;346</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;514</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;199</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Inter-segment sales</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;38</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;23</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(70)</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
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<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total sales</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;350</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;384</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;537</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;205</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(70)</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Segment profit (After allocation of general and administrative expenses)</div>
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<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;97</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;79</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;241</div>
</td>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other expenses not allocated to the segments</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(14)</div>
</td>
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<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;227</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Financing expenses, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(35)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Income before income taxes</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;192</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div id="DSPFPageHeader"></div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">implementation of IFRS 16</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;95</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;103</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;86</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;306</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital expenditures</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;64</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;40</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;123</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.6%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.54%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Depreciation, amortization and impairment</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;16</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;39</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;43</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.6%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;111</div>
</td>
</tr>
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<div style="LINE-HEIGHT: 1.25">
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<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 40</font></div>
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<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
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<div style="LINE-HEIGHT: 1.25">
<div id="DSPFPageFooter" style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">Notes to the condensed consolidated interim financial statements as at March 31, 2019 (Unaudited)</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">&#160;</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segment (cont'd)</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">B. Operating segment data (cont'd)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<table id="z34fa1b5b6a494969804a7567fcdec70c" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 25.53%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.63%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Industrial Products</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.63%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Potash</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Phosphate Solutions</div>
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Innovative Ag Solutions</div>
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<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Other</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Activities</div>
</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.63%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Reconciliation</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.65%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Consolidated</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 25.53%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 74.47%" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z2302c5c3653e470697c0506fccf9a1af" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="4" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the three-month period ended March 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.46%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.46%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Sales to external parties</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;314</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;325</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;508</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;211</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;46</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Inter-segment sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;28</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;25</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(69)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;317</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;353</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;533</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;221</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;49</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(69)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.46%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Segment profit (After allocation of general and administrative expenses)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;66</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;43</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;28</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;18</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;6</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(10)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;151</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other income not allocated to the segments</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;834</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;985</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.46%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Financing expenses, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(15)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share in earnings of equity-accounted investee</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Income before income taxes</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;971</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.46%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital expenditures</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;13</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;62</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;113</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.68%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.46%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Depreciation, amortization and impairment</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;34</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;42</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.68%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.46%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;97</div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25"></div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 41</font></div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div id="DSPFPageFooter" style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">Notes to the condensed consolidated interim financial statements as at March 31, 2019 (Unaudited)<br style="LINE-HEIGHT: 1.25">
</div>

<br style="LINE-HEIGHT: 1.25">
</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segment (cont'd)</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">B. Operating segment data (cont'd)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<table id="z26661da1102643e49bd6b48411f17289" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 25.53%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.63%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Industrial Products</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.63%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Potash</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Phosphate Solutions</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Innovative Ag Solutions</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.64%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Other</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Activities</div>
</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.63%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Reconciliation</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.65%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Consolidated</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 25.53%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 74.47%" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z53b770bb996849529ea27e70ed5f5a9a" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the year ended December 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.54%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.54%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Sales to external parties</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,281</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,481</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,001</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;719</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;74</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,556</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Inter-segment sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;142</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;98</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;22</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(282)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total sales</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,296</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,623</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,099</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;741</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;79</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(282)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,556</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.54%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Segment profit (After allocation of general and administrative expenses)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;300</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;315</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;113</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;29</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(13)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;753</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Other income not allocated to the segments</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;766</div>
</td>
</tr>

<tr style="HEIGHT: 12px">
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Operating income</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,519</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.54%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Financing expenses, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(158)</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share in earnings of equity-accounted investee</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Income before income taxes</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,364</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.54%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Capital expenditures</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;50</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;356</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;180</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;605</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 25.55%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.66%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.62%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.54%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 25.55%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Depreciation, amortization and impairment</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;63</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;141</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;172</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;19</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.66%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 10.62%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;21</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.54%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;420</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 42</font><br style="LINE-HEIGHT: 1.25">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div id="DSPFPageFooter" style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">Notes to the condensed consolidated interim financial statements as at March 31, 2019 (Unaudited)<br style="LINE-HEIGHT: 1.25">
</div>

<br style="LINE-HEIGHT: 1.25">
</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segments (cont'd)</div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">C. Information based on geographical location</div>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The following table presents the distribution of the operating segments sales by geographical location of the customer:</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="zec978b6da49f4751aa5f75f7604f522f" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: top; WIDTH: 42.84%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 19.05%; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2019</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 19.06%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-3/2018</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 19.06%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">1-12/2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 42.84%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.51%; BACKGROUND-COLOR: #ffffff">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">millions</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">% of</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">sales</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.52%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">millions</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.53%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">% of</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">sales</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.52%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">millions</div>
</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.53%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">% of</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">sales</div>
</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z6fabd80053724f23835b098df98d5c02" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">USA</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;245</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;17</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;245</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;17</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;903</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;16</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">China</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;205</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;14</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;166</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;12</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;848</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">United Kingdom</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;122</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;117</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;382</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Germany</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;100</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;104</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;365</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Brazil</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;98</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;106</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;656</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;12</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Spain</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;73</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;72</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;262</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">France</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;59</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;74</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;267</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Israel</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;54</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;48</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;223</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">India</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;43</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;40</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;211</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Italy</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;42</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;125</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">All other</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;381</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;28</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;390</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;29</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,314</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;23</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 42.77%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 9.53%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 9.56%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;100</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;100</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,556</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 9.53%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;100</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 43</font><br style="LINE-HEIGHT: 1.25">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<div style="LINE-HEIGHT: 1.25">
<div id="DSPFPageFooter" style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">Notes to the condensed consolidated interim financial statements as at March 31, 2019 (Unaudited)</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">&#160;</div>
</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segments (cont'd)</div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">C. Information based on geographical location (cont'd)</div>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The following table presents the distribution of the operating segments sales by geographical location of the customer:</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="z41935acbba6a44ed9e8aa65d62ee50b8" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 26.16%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Industrial Products</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Potash</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Phosphate Solutions</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Innovative Ag Solutions</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Other</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Activities</div>
</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Reconciliation</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Consolidated</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 26.16%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 73.84%" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z3e36496bd4d1499aa098793d9ab60e25" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 26.51%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the three-month period ended March 31, 2019</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.51%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.51%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Europe</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.51%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;135</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;137</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;202</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;113</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;8</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(19)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;576</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.51%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Asia</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.51%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;99</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;121</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;123</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;30</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;368</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.51%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">North America</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.51%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;91</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;46</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;97</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;28</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;262</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.51%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">South America</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.51%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;10</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;35</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;67</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;117</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.51%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Rest of the world</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.51%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;15</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;45</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;48</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;29</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(46)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;92</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 26.51%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.51%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;350</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;384</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;537</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;205</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;9</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(70)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,415</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
<br style="LINE-HEIGHT: 1.25">
</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>
</div>

<table id="z294710e0909d4616a5f62e6eea7779e0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 26.16%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Industrial Products</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Potash</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Phosphate Solutions</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Innovative Ag Solutions</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Other</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Activities</div>
</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.55%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Reconciliation</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.56%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Consolidated</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 26.16%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 73.84%" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z6f5e578395864e32a9bd911472dbb545" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the three-month period ended March 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Europe</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;126</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;137</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;200</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;115</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;22</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(17)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;583</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Asia</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;94</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;94</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;118</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;32</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(5)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;334</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">North America</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;82</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;37</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;98</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;33</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;24</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(7)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;267</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">South America</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;4</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;55</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;55</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;119</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Rest of the world</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;11</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;30</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;62</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;36</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(39)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;101</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;317</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;353</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;533</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;221</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;49</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(69)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,404</div>
</td>
</tr>
</table>

<div id="DSPFPageFooter">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25"><font id="DSPFPageNumber"></font>

<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 44</font><br style="LINE-HEIGHT: 1.25">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div id="DSPFPageFooter" style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">Notes to the condensed consolidated interim financial statements as at March 31, 2019 (Unaudited)</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">&#160;</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 3 - Operating Segments (cont'd)</div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">C. Information based on geographical location (cont'd)</div>
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The following table presents the distribution of the operating segments sales by geographical location of the customer:</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<table id="z5581d782dc144d7594616e3ad6780da9" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; PADDING-BOTTOM: 2px; WIDTH: 26.63%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Industrial Products</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Potash</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Phosphate Solutions</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Innovative Ag Solutions</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.48%">
<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Other</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Activities</div>
</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.48%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Reconciliation</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.49%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Consolidated</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 26.63%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 73.37%" colspan="7">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z430663fb4aa543bcbed0aeebe52a3109" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">For the year ended December 31, 2018</div>
</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; WIDTH: 10.5%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Europe</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;473</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;459</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;719</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;362</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;49</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(92)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,970</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Asia</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;399</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;519</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;481</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;105</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(18)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,488</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">North America</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;347</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;107</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;405</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;103</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;24</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(8)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;978</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">South America</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;21</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;408</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;264</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;21</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(3)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;712</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Rest of the world</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;56</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;130</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;230</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;150</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;3</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(161)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;408</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 26.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,296</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,623</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;2,099</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;741</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;79</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(282)</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 10.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;5,556</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
<br style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 45</font></div>
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 0px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #ffffff; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #ffffff" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div id="DSPFPageFooter" style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">Notes to the condensed consolidated interim financial statements as at March 31, 2019 (Unaudited)</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">&#160;</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 4 - Financial Instruments and Risk Management</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">A. Fair value of financial instruments</div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The carrying amounts of certain financial assets and financial liabilities, including cash and cash equivalents, short-term deposits and loans, receivables, other non-current financial assets and other debit balances, short-term credit, payables and other credit balances and long-term loans bearing variable interest and other liabilities, correspond to or approximate their fair value.</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The following table details the book value and fair value of financial instrument groups presented in the financial statements not in accordance with their fair value:</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>
</div>

<table id="z36f86fec83b04bb2ba5084fdd881e81c" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: top; WIDTH: 26.93%">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 24.36%; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2019</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 24.36%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2018</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 24.36%" colspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">December 31, 2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; WIDTH: 26.93%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Carrying amount</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Fair value</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Carrying amount</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Fair value</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Carrying amount</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Fair value</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 26.93%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z9ff8e023d6e245759ca113c3abeaa305" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.93%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Loans bearing fixed interest</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;199</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;206</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;294</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;302</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;238</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;244</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.93%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.93%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Debentures bearing fixed interest</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.93%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Marketable</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,224</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,287</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,248</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,280</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,201</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,217</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 26.93%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Non-marketable</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;278</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;278</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;278</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;283</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;281</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;279</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 26.93%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,701</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.18%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,771</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,820</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,865</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,720</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 12.18%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;1,740</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">B<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif">.</font> Fair value hierarchy</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The following table presents an analysis of the financial instruments measured at fair value, using a valuation method in accordance with the fair value levels in the hierarchy.<br style="LINE-HEIGHT: 1.25">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Level definitions:</div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Level 1: Quoted (unadjusted) prices in an active market for identical instruments.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Level 2: Observed data in the market (directly or indirectly) not included in Level 1 above.</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Level 3: Inputs that are not based on observable market data<font style="FONT-SIZE: 9pt; FONT-FAMILY: 'Times New Roman', serif">.</font></div>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>
</div>

<table id="zd6749264df1d441787fcd6234b86434d" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 51.62%" rowspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Level 1</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2019</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2018</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">December 31, 2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="zd5c16508fe01482188dae5461678f45b" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 51.62%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Investments at fair value through other comprehensive income (1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;201</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 51.62%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;201</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>
</div>

<table id="z457fe88626e245f09d0ed68c9a2dd421" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="3" border="0">
<tr>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 51.62%" rowspan="2">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Level 2</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2019</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">March 31, 2018</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">December 31, 2018</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">$ millions</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
</div>

<table id="z792f8e76ea5b47f2afb552789db4c1ac" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="4" cellpadding="0" border="0">
<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 51.62%">&#160;</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 16.13%">&#160;</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 16.13%">&#160;</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 51.62%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Investments at fair value through other comprehensive income (1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;219</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;145</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 51.62%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Derivatives used for economic hedging, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;(1)</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;47</div>
</td>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;7</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: bottom; WIDTH: 51.62%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Derivatives used for accounting hedging, net</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;33</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">-</div>
</td>
</tr>

<tr>
<td style="VERTICAL-ALIGN: middle; PADDING-BOTTOM: 4px; WIDTH: 51.62%">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 16.13%; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;32</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;266</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 4px double; WIDTH: 16.13%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;152</div>
</td>
</tr>
</table>

<div style="LINE-HEIGHT: 1.25">
<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">
<table id="z8dc103f2d92043dfb16b2396cc1b578e" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" cellspacing="0" cellpadding="0">
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<td style="WIDTH: 28.35pt"></td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; VERTICAL-ALIGN: top; WIDTH: 18pt; align: right">(1)</td>
<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; VERTICAL-ALIGN: top; TEXT-ALIGN: justify; WIDTH: auto">
<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">An investment of 15% in the capital share of YTH was subject to a three-year lock&#160;up period, as required by Chinese law, which expired in January 2019. Due to the said expiration, the investment is presented under level 1, as per its quoted price in the market.</div>
</td>
</tr>
</table>
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</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 46</font></div>
</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div id="DSPFPageFooter" style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">&#160;</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">Notes to the condensed consolidated interim financial statements as at March 31, 2019 (Unaudited)</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'EEras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: #1f497d; FONT-STYLE: normal">&#160;</div>
</div>

<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 4 - Financial Instruments and Risk Management (cont'd)</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">C. Foreign currency risks</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The Company is exposed to changes in the exchange rate of the shekel against the dollar in respect of principal and interest in certain debentures and loans. The Company's risk management strategy is to hedge the changes in cash flows deriving from liabilities in shekels by using derivatives. These exposures are hedged from time to time, according to the assessment of the exposure and inherent risks against which the Company chooses to hedge, in accordance with the Company's risk management strategy.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">In view of the above, on January 1, 2019, the Company designated several swap contracts for accounting hedge. These transactions, which include principal and interest of Series E debentures and the loan from Harel Insurance Company Ltd., entitle the Company to receive fixed shekel interest against a liability to pay dollar interest at a fixed rate. For further information relating to Series E debentures and the loan from Harel Insurance Company Ltd., see Note 15 to the Annual Financial Statements. The Company designated the spot component of the exchange rate swap contracts for hedging the currency risk in the cash flows of the said debt balances<font style="FONT-SIZE: 9pt">.</font> The Company applies a 1: 1 hedging ratio. The main source of ineffectiveness in these hedging ratios is the effect of the Company and counterparty credit risk on the fair value of the swap contracts. As at the date of the hedge transaction, the total balance of the hedged instruments amounted to $483 million.</div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 5 &#8211; Equity Compensation Plans and Dividend Distributions</div>

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<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
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<td style="FONT-SIZE: 11pt; FONT-FAMILY: Candara, Calibri, sans-serif; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; COLOR: #4f81bd; WIDTH: 18pt; align: right">A.</td>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd">Share based payments</div>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 46.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">On April 15, 2019, ICL's Board of Directors approved the amendment of the Company's internal long-term incentive plan, according to which (1) only ICL's top management (including the CEO and the Executive Chairman of the Board) will be entitled to long&#8209;term incentive ("LTI") awards in the form of equity ; (2) the LTI awards will be granted once every three years with a grant value reflecting a triennial grant, as opposed to an annual grant with a fixed value in previous plans; (3) the entire LTI awards will be granted in options, instead of half options and half restricted shares in previous plans; (4) vesting period of the options will be&#160; in two equal tranches, with half of the options vesting upon the lapse of 24 months from the grant date and half upon the lapse of 36 months from the grant date, as opposed to three equal annual tranches, with one-third of the options vesting upon the lapse of 12 months from the grant date, one-third upon the lapse of 24 months from the grant date, and one-third at the end of 36 months from the grant date. &#160;</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Grant date</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Managers</div>

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entitled</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Number of instruments (Millions)</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Issuance&#8217;s details</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Instrument terms</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Vesting conditions</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Expiration date</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">April 15, 2019</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">18 Officers and senior managers</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">13.2</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; LINE-HEIGHT: 1.25">An issuance of non-marketable and non-transferrable options, for no consideration, under the amended 2014 Equity Compensation Plan.</div>
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<div style="FONT-SIZE: 8pt; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'">Upon exercise, each option may be converted into one ordinary share of NIS 1 par value of the Company</font>.</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">2 equal tranches: (1) half at the end of 24 months after the grant date.</div>

<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">(2) half at the end of 36 months after the grant date.</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">April 15, 2024</div>
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<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">The date of the approval of the grant by the general meeting of the Company&#8217;s shareholders (1)</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">CEO</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">&#160;</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Chairman of the BOD</div>
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<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; WIDTH: 14.15%">&#160;2.1</td>
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<div style="LINE-HEIGHT: 1.25">&#160;</div>

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<td style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', sans-serif; VERTICAL-ALIGN: top; WIDTH: 18pt; align: right">(1)</td>
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<div style="FONT-SIZE: 9pt"><font style="FONT-SIZE: 9pt">On May 29, 2019, a</font> general meeting <font style="FONT-SIZE: 9pt">is expected to be convened</font><font style="FONT-SIZE: 9pt">&#160;</font><font style="FONT-SIZE: 9pt">in order </font>to approve the grant to the Chairman of the BOD<font style="FONT-SIZE: 9pt">. The general meeting to approve</font> the <font style="FONT-SIZE: 9pt">CEO's</font> grant approval, <font style="FONT-SIZE: 9pt">is</font> yet to be determined.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 47</font></div>

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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Note 5 &#8211; Equity Compensation Plans and Dividend Distributions (cont'd)</div>

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<td style="FONT-SIZE: 11pt; FONT-FAMILY: Candara, Calibri, sans-serif; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; COLOR: #4f81bd; WIDTH: 18pt; align: right">A.</td>
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<div style="FONT-SIZE: 11pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd">Share based payments (cont'd)</div>
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</div>

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</div>

<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 46.35pt; LINE-HEIGHT: 1.25">Non-marketable options (cont'd)</div>

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<div style="LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 11pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 35.7pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Additional Information</div>

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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'sans-serif'; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">April 2019 Options Grant</div>
</td>
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<tr>
<td style="VERTICAL-ALIGN: top; WIDTH: 53.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Share price</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 46.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 7.15pt; LINE-HEIGHT: 1.25">NIS 19.35 ($5<font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif">.</font>43)*</div>
</td>
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<td style="VERTICAL-ALIGN: top; WIDTH: 53.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">CPI-linked exercise price</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 46.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 7.15pt; LINE-HEIGHT: 1.25">NIS 19.21 ($5<font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif">.</font>39)*</div>
</td>
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<td style="VERTICAL-ALIGN: top; WIDTH: 53.5%">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Expected volatility</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 46.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 7.15pt; LINE-HEIGHT: 1.25">27.76%</div>
</td>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Expected life of options (in years)</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 46.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 7.15pt; LINE-HEIGHT: 1.25">4.375</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Risk-free interest rate</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 46.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 7.15pt; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', serif">-0.</font>67%</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Total fair value</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 46.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 7.15pt; LINE-HEIGHT: 1.25">$22.4 million</div>
</td>
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<tr>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Dividend &#8211; exercise price</div>
</td>
<td style="VERTICAL-ALIGN: top; WIDTH: 46.5%">
<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: left; MARGIN-LEFT: 7.15pt; LINE-HEIGHT: 1.25">Reduced on the "ex-dividend" date by the amount of the dividend per share</div>
</td>
</tr>
</table>

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<hr style="BORDER-TOP: medium none; HEIGHT: 2px; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; COLOR: #000000; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; MARGIN-RIGHT: auto" align="center" noshade="noshade">
</div>

<div style="LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 42.55pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt; TEXT-INDENT: -7.1pt">* The share price and exercise price are translated <font style="FONT-SIZE: 9pt">into dollar </font>based on the exchange rate on the grant date for convenience purposes only.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The options issued to the <font style="FONT-SIZE: 9pt">managers</font> in Israel are covered by the provisions of Section 102 of the Israeli Income Tax Ordinance. The issuance will be performed through a trustee under the Capital Gains Track. The fair value of the options was estimated using the Black &amp; Scholes model for pricing options. The exercise price is linked to the CPI that is known on the date of payment, which is the exercise date. In a case of distribution of a dividend by the Company, the exercise price is reduced on the &#8220;ex-dividend&#8221; date, by the amount of the dividend per share<font style="FONT-SIZE: 9pt"> (gross),</font> based on the amount thereof in NIS on the effective date.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The expected volatility was determined on the basis of the historical volatility of the Company&#8217;s share prices. The risk&#8209;free interest rate was determined on the basis of the yield to maturity of shekel&#8209;denominated Israeli Government debentures, with a remaining life equal to the anticipated life of the options.</div>

<div style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; LINE-HEIGHT: 1.25">&#160;</div>

<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'; TEXT-ALIGN: justify; MARGIN-LEFT: 28.35pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">The cost of the embedded benefits of the said plans will be recognized in the income statements over the vesting period of each tranche <font style="FONT-SIZE: 9pt">considering</font> also the company's policy relating to &#8220;Rule 75&#8221; (accelerated vesting period for <font style="FONT-SIZE: 9pt">managers</font> whose age plus years of employment in the Company exceed 75).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Candara, Calibri, sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd">Dividend Distributions</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Decision date for dividend distribution by the Board of Directors</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Actual date of dividend distribution</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Distributed amount</div>

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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 1.25">Dividend per share ($)</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">February 5, 2019</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">March 13, 2019</div>
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<div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; FONT-WEIGHT: bold; COLOR: #4f81bd; TEXT-ALIGN: right; LINE-HEIGHT: 1.25">0.05</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">May 7, 2019 (after the date of the report)*</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">June 19, 2019</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 48</font></div>
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<div style="FONT-SIZE: 14pt; FONT-FAMILY: Candara, Calibri, sans-serif; COLOR: #4f81bd; TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 14.2pt">Note 6 &#8211; Provisions, Contingencies and Other Matters</div>

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<div style="FONT-SIZE: 9pt">Further to Note 20 to the annual financial <font style="FONT-SIZE: 9pt">statements</font>, regarding ICL's lawsuit against IBM Israel (hereinafter &#8211; IBM), for compensation of the damages incurred by the Company due to IBM's failure to meet its undertakings within ICL's IT project, on March 3, 2019, IBM filed its statement of defense, together with a counterclaim against the Company, according to which IBM claims that ICL allegedly refrained from making certain payments, conducted negotiations in bad faith, and terminated the project unilaterally, in a way that harmed IBM's reputation and goodwill and therefore claims an amount of about $51 million (about NIS 186 million), including VAT and interest. The Company rejects the contents of the counterclaim in their entirety and stands behind its claims against IBM. Considering the early stage of the proceedings, there is a difficulty in estimating their outcome.</div>
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<div style="FONT-SIZE: 9pt">Further to Note 20 to the annual financial statements, in connection with the royalty arbitration proceedings and the remaining disputes regarding the method of calculation, in April 2019, after negotiations between the parties which led to a joint notice submitted to the arbitrators, a final ruling was rendered, bringing the arbitration proceedings between the parties that commenced in 2011 to an end. The final agreements reached between the parties relate to both past periods (the years 2000 through 2017 inclusive), and the mechanism to simplify the calculations of royalties to the State relating to the period as of January 1, 2018 and onward.</div>
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<div style="FONT-SIZE: 9pt">Further to Note 20 to the annual financial statements, in connection with the petitions filed to the High Court of Justice by the municipality of Arad and the residents of the Bedouin diaspora in the Arad Valley against the National Planning and Building Council (hereinafter &#8211; the National Council), the Government of Israel and Rotem (hereinafter - the Respondents), requesting to cancel the provisions of NOP 14B and the decision of the National Council regarding the advancement of a detailed plan for phosphate mining in the South Zohar field, on February 27, 2019, a hearing was held which resulted in the Supreme Court's decision to issue an order nisi instructing the Respondents to provide explanations by June 5, 2019, as to why NOP 14B should not be returned to the National Council for discussion, considering no methodology was determined in NOP 14B for examining health effects and no potential health impact document was presented to the National Council.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', 'sans-serif'">The Company signed sale agreements for three of its office buildings, located in Be'er Sheva, Israel, for a total consideration of $27 million, which were leased back to the Company. As a result, in accordance with IFRS16, in the first quarter of 2019, the company recognized a capital gain of $11 million and a deferred profit of $8 million which was deducted from the right&#8209;to&#8209;use asset (reduction in future depreciation expenses).</div>
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<div style="FONT-SIZE: 9pt; LINE-HEIGHT: 1.25"><font style="FONT-SIZE: 9pt">Further to </font>Note 20 to the annual financial statements<font style="FONT-SIZE: 9pt">,</font> regarding the petition filed <font style="FONT-SIZE: 9pt">in</font> the U.S. <font style="FONT-SIZE: 9pt">requesting</font> to impose antidumping and countervailing duties on imports of magnesium from Israel<font style="FONT-SIZE: 9pt">, on</font> May 3, 2019, the U.S. Department of Commerce issued a preliminary determination to impose 7.48% duties over future magnesium imports from Israel. Based on 2018 figures, such duties have an estimated annual impact of $3 million. A commerce verification process is still ahead.<font style="FONT-SIZE: 9pt">&#160;</font>With respect to the antidumping, an interim decision is expected on July 1, 2019. Considering the early stage of the proceedings, there is a difficulty in estimating their overall outcome.</div>
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<div style="FONT-SIZE: 9pt; FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; TEXT-ALIGN: right; LINE-HEIGHT: 1.25"><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif; COLOR: #1f497d">Israel Chemicals Limited</font><font style="FONT-FAMILY: 'Eras Medium ITC', 'Lucida Sans Unicode', sans-serif"> Quarterly Report 49</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 1.25; TEXT-INDENT: 18pt">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.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Israel Chemicals Ltd.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">/s/ Kobi Altman</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Kobi Altman</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; TEXT-ALIGN: left; LINE-HEIGHT: 1.25">Chief Financial Officer</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', serif; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 1.25">Date: May 7, 2019</div>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
