Brussels
5 February 2015

Innophos Holdings, Inc
Att: Mr. Randy Gress,
Chairman of the Board, Chief Executive Officer,
President and Director

randy.gress@innophos.com
investor.relations@innophos.com


Request for comments -
Pending report on Innophos’ phosphate imports from occupied Western Sahara

Dear Mr Gress,

In the coming weeks, Western Sahara Resource Watch will publish a follow-up report to its “P for Plunder” report of 2014. The revised edition of the report will offer information about the importing companies, and about the estimated volume and market value of the imports. The report will also feature Innophos, as our research demonstrates that your company received phosphate from Western Sahara in 2014.

Our organisation has sent letters to you on 15 October 2010, 8 December 2011 and 15 March 2014, raising our concerns and outlining our questions on Innophos’ imports of phosphate from occupied Western Sahara. We cannot see having received an answer to abovementioned letters, yet remain most grateful for an answer to previously raised questions. We recap them here and would appreciate if, before February 12, Innophos can clarify the following matters:

1. Has Innophos on any occasion, since its first imports from Western Sahara, sought the consent of the representatives of the Saharawi people to investigate whether the imports are to the wishes or interests of the Saharawis?
2. How many tonnes of phosphates did your Mexican subsidiary import from Western Sahara in 2011, 2012, 2013 and 2014?
3. Has Innophos entered into a new agreement with OCP since the previous long term agreement expired in 2010?
4. When does the current agreement expire?

We maintain that it is not in Innophos’ interest to be associated with the brutal and illegal occupation of Western Sahara. By refraining from importing until the status of the territory has been settled, your company will help to create the circumstances that will allow the people of Western Sahara to freely and fairly determine their political future, as is their right under international law. Others, of course, have done this, and numerous investors continue to give up or refrain from acquiring share interests in the few remaining companies involved in the trade.

Please let us know if our questions above are not clear, or if you require additional information to respond to them. We look forward to hearing from you.

Yours sincerely,

Sara Eyckmans
International Coordinator
Western Sahara Resource Watch