TEL AVIV, ISRAEL--(Marketwired - Feb. 12, 2014) - Israel Chemicals Ltd. ("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 22,577,001 units ("Units") of Allana Potash Corp. ("Allana") at a price of $0.47 per Unit for an aggregate subscription price of $10,611,190. 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 22,577,001 Common Shares representing approximately 7.7% of the currently outstanding Common Shares and Warrants to acquire 45,154,002 Common Shares. ICL's investment in Allana (assuming the exercise of the Warrants) represents, as of the date hereof, approximately 19.99% of the issued and outstanding Common Shares on a partially diluted basis. Prior to the acquisition of the Units, ICL did not beneficially own any securities of Allana.

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 release of Allana dated February 12, 2014. ICL acquired the Units as an investment to provide funds to Allana to continue its development of its Danakhil Potash Project located in Ethiopia. Concurrently, an affiliate of ICL also entered into an offtake agreement with Allana and a subsidiary of Allana relating to the Danakhil Potash Project. Subject to regulatory approval and approval of the shareholders of Allana, ICL has also agreed to acquire an additional 30,614,488 Units, the closing of which is anticipated to occur on or about March 31, 2014. Subject to the provisions of the Share Purchase Agreement, market conditions and other factors, ICL may acquire additional Common Shares in the future.

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, and a copy thereof shall be promptly sent to anyone who requests it from the person noted below.

Contact Information:

Yechezkel Israel