ICL Reacts to PCS Decision Regarding Potential Merger

TEL AVIV, Israel, April 25, 2013 /PRNewswire/ --

ICL (TASE:ICL), a multinational fertilizer and specialty chemicals company, today reacted to the announcement by Potash Corp. ("PCS") that it no longer intends to pursue a merger with ICL.

At no time did ICL receive a proposal or offer regarding a merger transaction, nor was it in any way involved in any discussions with PCS regarding such a transaction.

ICL believes that global partnerships with strong players, such as PCS, are a welcome strategic alternative for ICL, but that they are only one possible option to ensure the continued growth and success of ICL.

ICL is a strong company with an attractive future in all its businesses, including fertilizers. In the potash market, ICL is a medium size, low cost producer, and by no means dependent on other players in the market. Each of ICL's three production sites are globally competitive and have attractive growth potential.

As communicated several months ago, ICL continues to focus its strategy on addressing the world's essential core needs: Food, Agriculture, Materials and Energy.  ICL is currently working on a detailed plan to develop these core markets thereby significantly increasing its growth.

About ICL

ICL is one of the world's leading fertilizer and specialty chemicals companies. For a world challenged by population growth and scarce resources, ICL makes products that increase global food and water supplies and improve industrial materials and processes.

ICL produces approximately a third of the world's bromine and is the 6^th largest potash producer in the world. ICL is a leading supplier of fertilizers in Europe and a major player in specialty fertilizer market segments. One of the world's most integrated manufacturers and suppliers of phosphate products, ICL has become the world's leading provider of pure phosphoric acid and a major specialty phosphate player.

ICL is comprised of three core segments: ICL Fertilizers, ICL Industrial Products and ICL Performance Products. Its major production activities are located in Israel, Europe, the US, South America and China, and are supported by major global marketing and logistics networks. ICL benefits from exclusive concessions to extract minerals from Israel's Dead Sea, a vast source of high-quality and low-cost potash, bromine, magnesium chloride and sodium chloride.  ICL also mines phosphate rock from Israel's Negev Desert and potash and salt from its mines in Spain and the UK.

ICL's shares are traded on the Tel Aviv Stock Exchange (TASE: ICL).

Fleisher Communications and Public Relations
Amiram Fleisher  
+972-3-6241241
[email protected]

SOURCE ICL - Israel Chemicals Ltd