ICL Group Announces Promotion Of Four Senior Managers TEL AVIV, Israel, Dec. 1 /PRNewswire-FirstCall/ -- The Board of Directors of Israel Chemicals Ltd. ("ICL" or the "ICL Group") , a global fertilizer and chemical company, today announced that it will promote four of its senior managers effective January 1, 2004. * Mr. Shuki Gold, currently President and CEO of ICL Fertilizers, will be promoted to the position of Executive Vice President of the ICL Group. * Mr. Asher Grinbaum, currently President and CEO of ICL Industrial Products, will be promoted to the position of President and CEO of ICL Fertilizers, taking the place of Mr. Shuki Gold. The revenues of ICL Fertilizers in 2002 totaled approximately $1 billion. * Mr. Yossi Shahar, currently President and CEO of ICL Performance Products, will be promoted to President and CEO of ICL Industrial Products, taking the place of Mr. Asher Grinbaum. The revenues of ICL Industrial Products in 2002 totaled approximately $600 million. * Mr. Itzik Peretz, currently VP of the ICL Group and previously President and CEO of Dead Sea Periclase Ltd., will be promoted to the position of President and CEO of ICL Performance Products, taking the place of Mr. Yossi Shahar. The revenues of ICL Performance Products in 2002 totaled approximately $450 million. Commenting on the appointments, Akiva Mozes, President and CEO of the ICL Group, said, "These appointments are proof that we have first-class managers throughout the ICL Group, and that they can rise through the ranks to achieve the very highest positions." Mr. Yossi Rosen, Chairman of the Board of Directors, added, "We have complete confidence in the ability of each of these managers to further enhance the efficiency of their companies, driving continued improved performance for the entire ICL Group." About the ICL Group ICL is a global company and major player in world fertilizer and chemical markets. It is the world's largest supplier of elemental bromine, a major producer of potash, and one of the world's most integrated manufacturers and suppliers of phosphate products. Over 90% of ICL's sales and about 40% of its production are outside of Israel. ICL has an exclusive concession to extract minerals from the Dead Sea, one of the world's most concentrated source of potash, bromine, magnesium and salt, and rights to mine the rich minerals of Israel's Negev Desert. Through acquisitions and mergers, ICL has added production, marketing and logistics facilities in key international markets. In addition, ICL mines and manufactures potash in England and Spain, and operates production sites in many countries, including the U.S., Germany, Belgium, France, Holland, China, Austria, Cyprus, Australia, Brazil, Argentina, the U.K., and Turkey. ICL benefits from important logistical advantages. Its production facilities have convenient access to European and Far Eastern markets. Its facilities on the European continent are located near major transportation routes. An advanced logistics network, with modern warehouses in strategic locations, serves customers worldwide. ICL is a public corporation whose shares are traded on the Tel Aviv Stock Exchange (TASE:CHIM). Its main shareholder (53%) is The Israel Corporation Ltd., a publicly-traded company controlled by the Ofer Group. The remaining equity is held by Potash Corporation of Saskatchewan (9%), institutional investors, and the general public. For more information, please visit ICL's web site at http://www.icl-group.com/. Contact Amiram Fleisher Fleisher Communications and Public Relations Phone: 972-3-6241241 E-mail: DATASOURCE: Israel Chemicals Ltd. CONTACT: Amiram Fleisher of Fleisher Communications and Public Relations, +972-3-6241241, or , for Israel Chemicals Ltd.

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