ICL Announces Dismissal of the Motion for the Approval of a Class Action

TEL AVIV, Israel, December 20, 2016 /PRNewswire/ --

ICL (NYSE and TASE: ICL) today announced, further to the Company's report dated August 29, 2013 (reference 2013-01-132813), and to Note 23 of the Company's 2015 financial reports, that the District Court in Tel-Aviv dismissed today the Motion filed on August 29, 2013, for the certification of a Class Action against the Company, Israel Corporation, the Company's Board of Directors and CEO, on the grounds of misleading information, deception and non-disclosure of material information in the Company's reports, allegedly in violation of the provisions of the Israeli Securities Law and the Israeli general laws. The court also ruled that the plaintiff shall pay to the Company and the other defendants a portion of the trial expenses and attorneys' fees.

Name of the authorized signatory on the report and name of authorized electronic reporter: Lisa Haimovitz

Position: SVP, Global General Counsel and Company Secretary

Signature Date: December 8, 2016

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

PRESS CONTACT  
Gadi Ohana  
Debby Communications  
+972-3-5683000    
gadi@debby.co.il

SOURCE ICL