August 16, 2010

Makhteshim Agan Industries Ltd.

Att: Att:

Israel Securities Authority Tel Aviv Stock Exchange Ltd via Magentavia Magenta

Dear sir or madam,

Re: ChemChina Transaction - Approval of the DIC General Meeting

Further to Makhteshim Agan Industries Ltd. (the "Company") reports concerning the merger agreement dated January 8, 2011 between a subsidiary of China National Agrochemical Corporation, Koor Industries Ltd. ("Koor") and the Company ("the Agreement") dated January

20, 2011 (Ref. No. 2011-01-024423), July 2, 2011 (Ref. No. 2011-01-199371) and July 31,

2011 (Ref. No. 2011-01-226822) the Company is please to report as follows:

On August 16, 2011, the Company received notification from Koor that it obtained the approval of the general meeting of Discount Investment Corporation Ltd. ("DIC") shareholders for DIC's liabilities with respect to the liabilities concerning its control in Koor, which are included in the shareholders' agreement between Koor and China National Agrochemical Corporation. It is hereby noted that receipt of the approval of DIC's shareholders, as aforesaid, is one of the conditions for completing the merger agreement.

Sincerely,

Makhteshim Agan Industries Ltd.By: Adv. Michal ArlosoroffCompany Legal Counsel and Secretary