Israel : ICL – Court Approval of the Settlement Agreement in the Derivative Action

This is an English convenience translation of the original Hebrew version. In case of any

discrepancy, the binding version is the Hebrew original

Israel Corporation Ltd.

Registrar Number: 520028010	Form 121
Public
Date of Transmission: July	21, 2019
Reference: 2019-01- 074488

To:	To:
The Securities Authority	The Tel Aviv Stock Exchange
www.isa.gov.il	www.tase.co.il

Immediate Report

The Event: ICL - Court Approval of the Settlement Agreement in the Derivative Action

Reference numbers of previous reports on the subject: 2019-01-051733/2017-01-043476

Attached is an immediate report of Israel Chemicals Ltd - Approval by the Court of a compromise agreement in the derivative claim in respect of the bonuses for 2014-2015.

The Company is not a shell company as defined in the Stock Exchange Regulations

The date when the event first became known to the corporation: July 18, 2019.

Time: 20:00

Name of report authorized signatory and name of authorized signatory electronic signatory: Maya Alcheh-Kaplan

Position: Vice President, General Counsel and Company's Secretary

Signing Date: July 21, 2019

Name of Electronic Reporter: Maya Alcheh-Kaplan. Position: Vice President, General Counsel and Company's

Secretary. Address: Aranha 23, Millennium Tower. Tel Aviv 61204. Phone - 03-6844517 Fax: [phone].

E-mail: [e-mail].

July 18, 2019

Court Approval of the Settlement Agreement in the Derivative Action

Further to the Company's immediate report from May 28, 2019 (Ref no. 2019-02-045072), in connection with the settlement agreement that was submitted to the approval of the Tel Aviv District Court pursuant to the application for certification of a derivative action regarding the bonuses paid to the company's officers for the years 2014-2015, the company hereby reports that the court rendered its approval for the settlement agreement today, according to which an amount 0f ILS 6.6 (approximately $1.8 million) will be transferred to the Company, out of which the Company will pay the Applicant a special reward and fees to the Applicant's counsel. The final settlement concludes the proceedings between the parties and is deemed as a final waiver and remittance.

For additional details regarding the application see Item 8 of the Company's Annual Report for 2018 and Note 6 to the Company's condensed consolidated interim financial statements as at March 31, 2019.

Name of the authorized signatory on the report and name of authorized electronic reporter: Aya Landman, Adv.

Position: Company Secretary

Signature Date: July 18, 2019

PRESS CONTACT Maya Avishai

Head of Global External Communications [phone]

INVESTOR RELATIONS CONTACT Limor Gruber

Head of Investor Relations [phone]

ICL	ליכ
Millennium Tower, Aranha St. 23	23 אינרא 'חר םוינלימה לדגמ
P.O.B 20245 Tel Aviv 6120201	6120201 ביבא-לת 20245 .ד.ת
Tel. [phone] Fax. [phone]	6844444-3-972 :סקפ 6844400-3-972 :לט
www.icl-group.com