ICL SIGNS Framework Agreements for the Sale of Potash to Customers in China

TEL AVIV, Israel, November 7, 2018 /PRNewswire/ --

ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, today announced that further to its announcement regarding the signing of contracts for the sale of Potash to customers in China, to be supplied by the end of June 2019, dated October 14, 2018, it has signed framework agreements with its customers in China for the next three years (2019-2021) to supply 3 million tonnes of potash, with additional options for 0.75 million tonnes. Prices for the quantities to be supplied subject to the framework agreements shall be established in line with the prevailing market prices in China at the relevant date of supply.

About ICL 

ICL is a global specialty minerals and chemicals company operating potash, bromine and phosphate mineral value chains in a unique, integrated business model. ICL extracts raw materials from well-positioned mineral assets and utilizes technology and industrial know-how to add value for customers in key agricultural and industrial markets worldwide. ICL focuses on strengthening leadership positions in all of its core value chains. It also plans to strengthen and diversify its offerings of innovative agro solutions by leveraging ICL's existing capabilities and agronomic know-how, as well as the Israeli technological ecosystem. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The Company employs approximately 11,000 people worldwide, and its sales in 2017 totaled US$5.4 billion. For more information, visit the Company's website at http://www.icl-group.com.

PRESS CONTACT
Maya Avishai
Head of Global External Communications
+972-3-684-4477   
Maya.Avishai@icl-group.com

INVESTOR RELATIONS CONTACT
Limor Gruber
Head of Investor Relations
+972-3-684-4471   
Limor.Gruber@icl-group.com

SOURCE ICL