August 3, 2011

?"?? ?????? ??? ??????Makhteshim Agan Industries Ltd.

Attn. Attn.

Israel Securities Authority The Tel?Aviv Stock Exchange

Ltd. By Magna By Magna

Dear Sir or Madam,

Re: ChemChina Transaction ? Approval and Validity as Court Ruling of Compromise

Agreement

Pursuant to the Company's Immediate Report dated June 21, 20?11 in respect of the signing of a compromise agreement ("Compromise Agreement") for the removal and prevention of discrimination and its approval as a class action, which was filed against the Company and Koor Industries Ltd ("Koor"), in respect of the merger agreement of January 2011 between the Company, Koor, M.A.G.M. Chemical Holdings Ltd, a wholly owned subsidiary of Koor, China National Agrochemical Corporation ("CC") and Cinac Merger Sub Ltd, a private company wholly owned (indirectly, through a company it wholly owns) by CC, the Company announces that on August 2, 2011, the Tel?Aviv Jaffa District Court handed down its ruling approving all the clauses of the Compromise Agreement between the parties, thereby giving it the validity of a court ruling.

For additional information concerning the Compromise Agreement, see the Company's Immediate Reports dated June 21, 2011 (ref. no. 188973?01?2011) and June 31, 2011 (ref. no. 226866?01?2011).

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Sincerely,Makhteshim Agan Industries LtdAdv. Michal Arlosoroff, Legal Counsel & CompanySecretary

Approval of Compromise AGreement_EN.doc