ICL hereby announces that it has signed framework agreements for supply of potash with its customers in China for the next three years (2022-2024). Prices for the quantities to be supplied according to the framework agreements shall be established in line with the prevailing market prices in China at the relevant date of supply (the 2022-2024 Chinese Agreements). As part of the 2022-2024 Chinese Agreements, ICL has signed contracts with its customers in China to supply an aggregate amount of 700,000 metric tons of potash, with mutual options for additional 250,000 metric tons, to be supplied by the end of 2022.

The agreed selling price in the contracts is $590 per ton.