?"?? ?????? ??? ??????Makhteshim Agan Industries Ltd.Makhteshim Agan announces approval by a Shareholders' GeneralMeeting by a large majority of the ChemChina deal

Tel?Aviv, Israel, (August 07, 2011), ? Makhteshim Agan Group (TASE: MAIN), the world leader in generic crop protection solutions has announced that the General Meeting of its shareholders, which took place this morning at the Company's offices, has approved the transaction with ChemChina.

This approval is a significant step in the merger process the Company announced in January this year, and follows the announcement by ChemChina that it had received all the required authorizations from the Chinese governmental authorities to carry out the transaction. The transaction was brought for the approval of the shareholders as a condition for carrying out the merger and completion of the transaction expected this October.

The vote among shareholders present in favor of approving the transaction was unanimous.

In order to complete the transaction an additional approval is required from the Anti?Trust Authority of the European Union. The latest date which the parties have agreed for completion of the transaction is October 31, 2011.

Ami Erel, the Company's Chairman, stated today, "We welcome the broad support expressed by the Company's shareholders for the merger deal with ChemChina. The merger was approved by a huge majority and we can now proceed to closing the transaction, which is expected this October. We are convinced that the commercial combination with ChemChina will provide Makhteshim Agan with a very strong infrastructure that will enhance its competitive position and let the Company achieve profitable growth in the future."Erez Vigodman, the Company's President and CEO said today, "The approval of the General

Meeting today is a significant milestone in Makhteshim Agan's history. The change process

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we have been implementing this last year and a half will combine as part of the merger the strengths and agrochemical activities of ChemChina, which will let Makhteshim Agan fully realize the transformation. This will occur while it builds the required infrastructure, to provide a response to the core challenges facing the Company, leading to profitable growth and significant expansion."

About Makhteshim Agan

Makhteshim Agan Industries Ltd is a leading manufacturer and distributor worldwide of generic crop?protection products. In 2010 its sales revenues were USD 2.37 billion, and it is listed as seventh in the global agrochemicals sector, with a market share of over 5%. The Company helps agriculturalists the world over to increase the yield from their crops through efficient and reliable solutions for crop protection Makhteshim Agan has earned a

worldwide reputation for the breadth of its knowledge and experience, its high technological and engineering capabilities, expertise in product regulation, compliance with the most stringent environmental protection standards, meticulous quality control, and global marketing and distribution channels. For additional information, visit the Company's

website: www.ma?industries.com.

Contact:

Offices of Ran Rahav

03-7188555

PR-Appvoral of shareholders meeting_07082011_EN.doc