EARLY WARNING REPORT

THIS REPORT IS MADE UNDER

PART 3 OF NATIONAL INSTRUMENT 62-103

1. Name and Address of offeror:

Israel Chemicals Ltd. (the “Offeror”)

23 Aranha St, Millennium Tower

Tel Aviv 61070, Israel

2. Designation and number or principal amount of securities and the offeror’s

securityholding percentage in the class of securities of which the offeror acquired

ownership or control in the transaction or occurrence giving rise to the obligation to

file the news release, and whether it was ownership or control that was acquired in

those circumstances:

On March 31, 2014, ICL Holding The Netherlands Cooperatief U.A. (“ICL

Netherlands”), an indirect wholly-owned subsidiary of the Offeror, acquired 30,614,488

units (“Units”) of Allana Potash Corp. (“Allana” or the “Company”). 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 Netherlands acquired

30,614,488 Common Shares representing approximately 9.43% of the currently

outstanding Common Shares and Warrants to acquire 61,228,976 Common Shares,

which, if exercised, would result in ICL Netherlands owning approximately 23.8% of the

then issued and outstanding Common Shares on a partially diluted basis.

3. Designation and number or principal amount of securities and the offeror’s

securityholding percentage in the class of securities immediately after the

transaction or occurrence giving rise to obligation to file the news release:

Following the acquisition noted in paragraph 2, the Offeror beneficially owned

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 the Offeror beneficially owning approximately

37.02% of the then issued and outstanding Common Shares on a partially diluted basis.

4. Designation and number or principal amount of securities and the percentage of

outstanding securities of the class of securities referred to in paragraph 3 over

which:

(a) the offeror, either alone or together with any joint actors, has ownership and

control;

See paragraph 3.