ICL Makes Additional Investment in Allana Potash Corp.

TEL AVIV, ISRAEL--(Marketwired - March 31, 2014) - ICL (TASE:ICL), a global unique minerals based products producer that fulfills humanity's essential needs in the agriculture, food and engineered materials markets, today announces that an indirect wholly-owned subsidiary of ICL has acquired 30,614,488 units ("Units") of Allana Potash Corp. ("Allana") at a price of $0.47 per Unit. Each Unit consisted of one common share (a "Common Share") of Allana, one and one-half Series A Common Share purchase warrant (the "Series A Warrants") and one-half of one Series B Common Share purchase warrant (the "Series B Warrants", and together with the Series A Warrants, the "Warrants"). As a result, ICL has acquired beneficial ownership of 30,614,488 Common Shares (representing approximately 9.43% of the currently outstanding Common Shares) and Warrants to acquire 61,228,976 Common Shares. ICL's investment in Allana (assuming the exercise of the Warrants) represents, as of the date hereof, approximately 23.8% of the issued and outstanding Common Shares on a partially diluted basis. As a result of ICL's investment in Allana on the date hereof, ICL beneficially owns 53,191,489 Common Shares, representing approximately 16.38% of the currently outstanding Common Shares, and Warrants to acquire 106,382,978 Common Shares which, if exercised, would result in ICL beneficially owning approximately 37.02% of the issued and outstanding Common Shares on a partially diluted basis.

The Units were acquired pursuant to a private placement share purchase agreement dated February 12, 2014 (the "Share Purchase Agreement") as described in the press releases of Allana issued on February 12, 2014 and the date hereof. ICL acquired the Units as an investment to provide funds to Allana to continue its development of its Danakhil Potash Project located in Ethiopia. Subject to the provisions of the Share Purchase Agreement, market conditions and other factors, ICL may from time to time acquire additional securities of Allana, continue to hold securities of Allana or dispose of some or all of the securities of Allana in the open market, by private agreement or otherwise.

This press release is being disseminated as required by Canadian securities regulations in connection with the filing of an early warning report (the "Early Warning Report") with the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland securities regulators containing information with respect to the foregoing matters. A copy of the Early Warning Report will be filed shortly under Allana's profile at www.sedar.com, and a copy thereof shall be promptly sent to anyone who requests it from the person noted below.