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Investor Presentaiton

• • Debt and NAV - December 31, 2022 Debt* As of December 31, 2022, total financial liabilities* were $1,132 million, and investments in liquid assets amounted to $982 million of which $8 million are pledged deposits. Net debt as of December 31, 2022, totaled $179 million. The net debt includes the fair value of derivatives transactions, which increases the economic value of the financial liabilities by $10 million, and the fair value of the Bazan call options** which increases the economic value of the financial liabilities by $19 million. As of September 30, 2022, the net debt* was $234 million. Net debt YoY: 1,200 1,000 800 951 Net Assets Value $m Assets ICL (~567m shares, market value*) Bazan (~234m shares, market value**) AKVA Group (~6.6m shares, market value*) Total Public Assets IC's Net Debt Total Assets, net 31/12/2022 4,101 64 39 4,203 179 4,024 600 400 200 31/12/2021 179 31/12/2022 * Israel Corp and its wholly owned controlled headquarter companies. *** Relating to options granted to qualified investors as part of the November 2021 9% share sale and to options granted to Petrochemical Group as part of the Bazan ~16.7% stake sale in September 2022.. israel corp * As of December 29, 2022, for ICL and December 30, 2022, for AKVA Group *** Based on the exercise price of agreed by the company with the call option purchasers on February 9, 2023. 7
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