ICL Group U.S. Doe Informed It Decided To Discontinue Funding For Establishment Of LFP Cathode Active Material Manufacturing Plant In US

Icl Group Ltd ICL:

• ICL GROUP LTD: U.S. DOE INFORMED IT DECIDED TO DISCONTINUE FUNDING FOR ESTABLISHMENT OF LFP CATHODE ACTIVE MATERIAL MANUFACTURING PLANT IN US

• ICL GROUP LTD: CO REVIEWING DOE'S ANNOUNCEMENT AND IMPLICATIONS THEREOF

• ICL GROUP LTD: EXAMINING CONTINUATION OF PROJECT AND ALL ACTIVITIES FOR LFP CATHODE ACTIVE MATERIAL

• ICL GROUP LTD: IF DECISION IS MADE TO DISCONTINUE SUCH ACTIVITIES, CO TO RECOGNIZE $40 MILLION (NET) WRITE-OFF