Company OverviewMarch 17, 2016

Passion for Taste & Health

DISCLAIMER

This presentation includes statements data, forecasts, goals and Company plans that are "forward-looking statements“, as defined in theSecurities Law - 1968, whose occurrence is not certain and which are not solely in the Company's control. These forward-looking statementsare included, inter alia, in discussions of strategy, objectives, goals, plans, events, future intentions or other information relating to futureevents or issues whose occurrence is not certain.

By their nature, forward-looking statements involve risk and uncertainty. Whether the forward looking information occurs or not is affected,inter alia, by risk factors characteristic to the Company's operations and developments in the general environment and external factorswhich impact the Frutarom Group and its area of activities.

This forward looking information could include facts and data based on the Company's subjective assessment, including with regards to thecurrent status of the Company and its business, the current situation in the industry in which the Frutarom Group operates, macro-financialfacts and information, all as are known to the Company on the date on which this presentation was prepared, some of which were given tothe Company by external sources, the content of which was not independently examined by the Company, and therefore the Company is notresponsible for their verity.

This presentation must be read together with the Company's periodic and immediate reports, and was not meant to replace the need forstudy of reports the Company has published, including, inter alia, the Company's periodic report for 2014, published on March 2015, andthe Company's periodic reports subsequently published. These reports could include, inter alia, updates to the information regarding theCompany's activities or of the forward looking statements appearing in this presentation.

Subject to the requirements of applicable law, the Company does not intend to update any industry information or forward-lookingstatements appearing in this presentation, and is not required to publish any additional presentations for its shareholders in future.

It is to be emphasized that the financial estimations and the pro-forma figures included in this presentation are based on figures which werenot audited or reviewed by an auditor and therefore the actual results may differ from these financial estimations.

2

Frutarom’s Foundations

Founded in 1933, Frutarom combined the cultivation of aromatic plants and flowers with the extraction and distillation of flavors, fine ingredients and essential oils.

3

A Leading Fast Growing Global Flavor & Fine Ingredient House

Global Presence

Public Company

Financial Success

2000-2015

Broad Product Portfolio

• Sales in over 150 countries

• 28,000 customers • A Top 10 flavor house

• 49,000 products• Over 5,000 raw

materials• Innovative pipeline

• Listed on London & TLV Stock Exchanges

• From $13M to approx. $3B market cap

• 13.6x growth in sales (CAGR 19*%)

• 18x growth in EBITDA• 24x growth in net profit

81 108197

287

425518

618

792 820873

1100

Renenue, $M

4

*Assuming all of the acquisitions made by Frutarom during 2015 and 2016 to date had been completed on January 1, 2015 and based on current currency exchange rates.

Global Expansion throughout the years

2000-2015 Sales CAGR of 19%*

Sales office

Acquisition

2006 2007 2009 20121990-2000 2003-2004 20112001-2002 20132005

1996 Tel Aviv stock

exchange

IFF FS

Adumim

Raychan

Rieber

EAFI

SavouryFlavours

Oxford

Belmay

Jupiter

FSI Corona

Nesse

CH Hansen DE

CH Hansen IT

Etol

Mylner

Aromco

FSI OH

Acatris

FlachsmannTohar

Meer

RaynerHK F&F

CPL Aroma

FlavourKey

Baltimore

Botanicare

Kunshan

AM Todd

Russia

Canada

Turkey

France

Mexico

Ukraine

Poland

Kazakhstan

Hong Kong

Costa Rica

Czech Rep.

S. Africa

India

Brazil

Gewurzmuller

Abaco

Rad

London stock

exchange

JannDeRee

PTI

Aroma

Hagelin

2014

CitraSource

Montana

2015

Ingrenat

Food Blenders

Sonarome

BSA

Taiga

Foote&Jenks

Scandia

Vitiva

Amco

Nutrfur

Inventive

Taura

Wiberg

2016

Grow

Algalo

5*Assuming all of the acquisitions made by Frutarom during 2015 and 2016 to date had been completed on January 1, 2015 and based on current currency exchange rates.

Sales & Marketing – 84 Offices

Production - 51 Sites

R&D - 66 Labs

Global Presence

Belgium

Brazil

China

Denmark

France

Germany

India

Indonesia

Israel

Italy

Kazakhstan

Mexico

Netherlands

Norway

Poland

Serbia

Singapore

Slovakia

Slovenia

South Africa

Turkey

Ukraine

UK South

UK North

Corona, CA New Jersey

Cincinnati, OH Switzerland

Moscow Saint Petersburg

Perm Saratov

Hong Kong

Costa Rica

Georgia

Guatemala

NovosibirskBelarus

Moldova

Florida

Peru

Chile

Australia

New Zealand

Canada

6

A Profitable Growth Story

4 6

18

2733

42

52

64

88

96

914

32

43

66

80

100

116

151

163

10

81109

197

244

425

518

618

673

819

873

1,100

1990 2000 2002 2004 2005 2009 2011 2012 2013 2014 2015 2015*

NET EBITDA SALES

Current Run Rate*

7*Assuming all of the acquisitions made by Frutarom during 2015 and 2016 to date had been completed on January 1, 2015 and based on current currency exchange rates.

Estimated Sales of FlavorsUS$ M

A Top-Ten Flavor House

Source: Companies’ Publications, Leffingwell & Associates, Frutarom’s estimations * Considering only Core Activity

+800 smaller companies

0

500

1,000

1,500

2,000

2,500

3,000

8

Our Employees are the Key to Our Success

Workforce by Region

4,500 employees worldwide

Workforce by Function

9

G&ASales & Marketing

Operations

R&D

Europe

IsraelNorth America

Emerging Markets

Goals & Strategy

Continue Margin Expansion Above-industry Growth

$2 Billion in revenues in 2020

Above 22% EBITDA in our core business by 2020

Geographic Focus

Accelerating growth in key Emerging

Markets

Customer Focus

Local Mid Size & Private Label

Added value solutions to MNCs

Leveraging Cross-selling

Opportunities

Continue Acquisitions Strategy

*

* Given current product mix

Unique Offering

Natural & Clean Label

Taste & Health

More profitablesegments

Supply Chain Optimization

Integration ofoperations

Global Purchasing

10

Expanding Market Share In The North America

Strengthening Frutarom’s partnership and offering to customers

Growing Core Business

11

• Specialty botanical extracts, distillates, essential oils and aroma chemicals

• Innovative, science-based health ingredients for phyto-harmaceuticals, nutraceuticals, dietary supplements, functional foods, cosmetics, and personal care

• Supporting the growing demand forhealth, wellness and beauty

• Natural Food protection solutions

• Natural Colors

• Unique, high quality creation of sweet and savory flavors for food and beverage products

• Expertise in local and global tastes• Operational flexibility and local global

supply chain• Value-added functional savory solutions

for the food industry (snacks, meat, fish, organic, and culinary segments)

• Comprehensive sweet and savory food systems

• Unique technologies for fruit, spice, vegetable, meat and fish preparations

Sharing the

Passion for Taste & Health

We develop tailored solutions combining excellent tastewith health and functionality all under one roof

Taste Solutions

Fine Ingredients

12

Frutarom’s Unique Offering

• Avoidance Products ("Free-from“/"zero“) or

Moderation Products with "diet“, "low”, "less"

• Clean Label Products

• Natural, Organic and healthy product offering

• Positive Nutrition and Functional Food

• Convenience and Processed Food

• Growing market share in Private Label sector

Source: Nielsen, 2015, Euromonitor International 2013, 2014; DATAMONITOR 2011 REPORT, The NPD Group, 2011

Consumer Trends

Health, Wellness, functional food 79% of consumers indicate that they actively make dietary choices to prevent health conditions

such as obesity, diabetes and high cholesterol, but unwilling to forgo taste even for health…

• Aging and rising obesity

• Consumers’ preference for Natural and Healthy

• Awareness and need for transparency

• Lifestyle & Income - willingness to try new food

• Snacking and eating meals throughout the day

• Growing willingness to purchase of Private

Label Products

Meeting Consumer Trends Through Artful Creation and Innovation

Growth Drivers Opportunities

13

Food Industry Goes Natural

• Dropping low-calorie sweetener aspertame from Diet Pepsi due to consumer’s preference for soft drinks that are free of artificial sweeteners.

• Nestle USA removing artificial flavors and FDA certified colors from all Nestle chocolate candy by end of 2015

• Nestle UK removing all artificial ingredients from all its confectionary in the UK

• Removing artificial flavors from most products and replacing them with natural alternatives, as of this year.

• Removing artificial colors by end of July 2015.• Replacing artificial preservatives and additives by end of 2017.

• Replacing synthetic colors and artificial preservatives from best selling classic Macaroni & Cheese starting 2016.

• Collaborating with Evolution Fresh to Let Simple Ingredients Shine in New Smoothies and Greek Yogurts, as customers are looking for foods with fewer ingredients that are minimally processed and taste great.

• Transforming to cleaner label across all brands to meet consumer trends for food made with real, simple ingredients.

• aiming to stop using artificial colors and flavors in its cereal and snack bars by the end of 2018.

• growing pressure to remove synthetic ingredients from products due to health concerns

14

Strategically Positioned to meet Market Trends

Health & Wellness

Reduced fat, calories & salt

Functional Food

Products with Health

properties

Cost Reduction

Natural and Clean

LabelNatural Taste

Solutions

Creation through Science and Innovation

Convenience Ready Meals

16

17

Frutarom’s Customer Focus

Customer=

Partner

Sweet &Savory Flavors

SavorySolutions

Food ProtectionBy Nature

Natural Colors

BeverageBase

Starter Culture

Natural Health

Solutions

Natural Fruitbased

Ingredients

Food Systems

Natural Taste Ingredients

AlgaeBased

Ingredients

Herbal Extracts

Citrus Specialties

Natural Anti-Oxidants

Culinary

Functional Ingredients

Customer in the CentreA Unique product offering

17

Growing Mid-Sized Food & Beverage Market

(% of Market Share)

The Global Food Market

*Source: Jan, 2016 Datamonitor, Euromonitor and Frutarom’s estimations

Fragmented market

New Mid-size & Local Companies Emerging• Growing Private Label Sector• Developing Markets

Service Expectations

19

* Source: Jan, 2016 Datamonitor, Euromonitor and Frutarom’s estimations

F&F Market Fragmented But Consolidating

The Global F&F Market

Large F&F players with full service platform, focused on top multinational customers

Many small niche companies with limited service capability and regional focus only

Few mid-sized players with both regional strength and global platform

(% of Market Share)

20

Private Label – Mid-Sized and Local

Source: The Nielsen Company, November 2014

Growth in Private Label Sector n India between 2012-2014

Private label accounts for $1 of every $3 spent in the

consumer packaged goods (CPG) market in Europe

Of consumers believe private label offers

extremely good value for money

27%30%

67%62%

Of consumers say buying private label makes them feel like

a smart shopper

5%

Value share of Private Label below 5% in Key Emerging Markets (such

as China, India and Brazil) –Substantial Growth Potential

35%

Value share of Private label averages 35% in Europe

• Substantial Market Share in EU• Growing Penetration Rate in US• High Growth Potential in Emerging Markets

21

Private Label – Mid-Sized and Local

Source: The Nielsen Company, November 2014

Market Share

1%

5% 5%6% 6%

7%8%

14%

18%

21%

24%

27%29%

34%

41%

45%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

China India Brazil Russia Israel Peru Mexico Turkey USA Australia Poland France Austria Germany UK Switzerland

22

23

Frutarom’s Geographic Focus

Accelerated Growth and Gain of Market Share in North America

Strengthening US presence through

strategic acquisitions

• Flavor Specialties in the West Coast in 2009

• Flavor Solutionsin Cincinnati in 2011

Acquisition of CitraSource

(2014)

Citrus capabilities and

leadershipPresence in

Florida

Acquisition of BSA (2015)

Savoryposition in

North America

Acquisition of Scandia

(2015)

CitrusExpertise

Acquisition of Grow

(2016)

position in Supplement

and Nutraceutical

market

Acquisition of Wiberg

(2016)

Savoryposition in

North America

Additional substantial foothold through the acquisition of Hagelin (2013)

• Lucrative beverage market

• Diversified customer base

• Technological know how

23

Accelerated Growth in Emerging Markets

• New State-of-the-art plant in ChinaRecent acquisition of Inventive in China & Hong Kong

• Recent acquisition of Sonarome and BSA in India

• Expanded R&D and sales force in China, Indonesia, Philippines, Thailand, Vietnam, Sri Lanka and India

• Evaluating strategic acquisitionopportunities

Asia

Central & South America Africa• Fast growing operation in South Africa,

reinforced by JannDeRee and Hagelineacquisitions

• Enhanced R&D and sales force in fast growing markets (Kenya, Nigeria etc.)

• Acquisition of Sonarome with activity in more then 20 African markets

• New State-of-the-art plant in South Africa

East & Central Europe

• Acquired Mylner in Brazil

• Acquired Aroma in Guatemala

• Acquired Montana in Peru and Chile

• Evaluating strategic acquisitionopportunities

• Market leadership in Central and East Europe

• Acquired Etol in Slovenia and PTI in Russia

• One of the only global players with major production sites in Russia

• Wiberg acquisition contributes to strengthening Market leadership

24

122 (27%)

385 (44%)

(41%)

229 (51%)

281 (32%)

(35%)

43 (9%)

137 (16%)

(17%)

57 (13%)

70 (8%)

(7%)

2010 2015 Current Run rate*

Emerging Markets Western Europe North America ROW

Above Market Growth in North America & Emerging Markets

3.8x growth in Emerging

Markets

4.5x growth in North America

6x growth in FlavorsNorth

America

451

873

~1,100

25*Assuming all of the acquisitions made by Frutarom during 2015 and 2016 to date had been completed on January 1, 2015 and based on current currency exchange rates.

27

Frutarom’s Growth Strategy

Frutarom’s Strategy: Clear Focus Going Forward

Mid-sized and local Private label Multinational

Developed markets (Europe and USA) Emerging markets (Asia, LATAM, Central and Eastern Europe, Africa)

Natural Flavor solutions (extracts, fruit bases specialty, essential oils) Natural health solutions /functional food ingredients Natural color solutions Food Protection by Natural Solutions Cost reduction solutions

R&D and innovation – internal and external Efficiencies, scale and synergies – cross selling Experienced global management Customer-driven organization

CustomerFocus

GeographicFocus

Product OfferingIntegrated solutions

Core Competencies

26

Profitable Internal Growth

Strict Acquisition Criteria: Highly valuable and experienced employees

Major synergies and cross-selling potential

Additional unique products and technology

Positive impact on EPS

Frutarom’s Strategy: Clear Focus Going Forward

Focus on Integration Execution Optimization of cross selling opportunities

Optimization and harmonization of

resources

Proven Acquisition track Record of 53 successful acquisitions

Additional improvement in margins

Strong management, R&D and sales Cross-selling opportunities Optimization & Savings

Leveraging Synergies

27

Realizing Strategy through Acquisitions

28

Global Leadership in Savory Solutions

Leading Player in the global Savory market

Presence in over 120 countries

Value-added functional savory solutions for the food industry (snacks, convenient food, meat, fish, organic and culinary)

Innovative and diversified product range - flavors, seasoning blends, marinades, functional ingredients, starter cultures, natural food protection and natural colors

Over 150 industry-leading experts in R&D and applications

State-of-the-art production facilities, modern labs and application centers

Highest quality brands, providing innovative solutions and excellent service

Innovative solutions - meeting consumer trends of natural, healthy and tasty products

30

Resource Optimization

Capitalizing on operational synergies arising from recent acquisitions;

Other projects underway for optimization and margin improvement;

US$ 20-22M expected operational savings , including saving resulting from the integration of Wiberg, which will be realized in 2016 and 2017

Building and strengthening the global purchasing organization that will contribute to improved competiveness, profits and profitability

Global Purchasing from countries of

origin

Rationalizing global R&D resources

Sales force integration;Cross-selling opportunities

Leveraging economics of scale

R&D Sales & Marketing Production Logistics

Sourcing &Purchasing

Global logistics integration

Production sites integration

31

Frutarom’s 2015 Annual and Q4 Results

2015 KPI’s – Record High Revenues and Profits

Revenues - $873M - Record High

Flavor Business approx. 70% of Revenues

Growth - Reported Growth - 6.4%

Total YoY Growth - 4.9% (on LFL basis)*

Flavor Business YOY Growth - 5.3% (on LFL basis)*

Gross Profit - $340.9M* - Record High

21.8% YoY Growth*

40.9% Core Business Gross Margin*

EBITDA - $170.0M* - Record High

26.4% YoY Growth*

21.1% Core Business EBITDA Margin*

Net Income - $110.8M* - Record High

33.5% YoY Growth*

12.7% Net Margin*

Operating Cash Flow - $91.7M Record High

13.5% YoY Growth

* Sales on a constant currency and pro-forma basis, assuming acquisitions performed in 2014 and 2015 had been consolidated as of January 1, 2014; Gross Profit, EBITDA, Net income, their growth rates and profitability margins are net of non-recurrent expenses which reduced reported Gross profit by 2.8M$, the operating profit by 6.8M$ and the Net Profit by 14.7M$, and on a constant currency basis

1 Core Business includes Flavor and Fine Ingredients activities32

52.663.6

93.0

110.8100.4

120.5

151.0

170.0

618.0

674.0

819.0

873.0

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1000.0

2012 2013 2014 2015

Net Income* EBITDA* Sales

% EBITDAcore1

16.9%

18.8%

20.1%

21.1%

Q4/2015 KPI’s - Record High Revenues and Profits

1 Core Business includes Flavor and Fine Ingredients activities

Revenues - $225.6M

Flavor Business approx. 70% of Revenues

Growth - Sales Growth - 11.6%

Sales YoY Growth - 4.3% (on LFL basis)*

Flavor Business YOY Growth – 4% (on LFL basis)*

Gross Profit - $88.3M*

25% YoY Growth*

40.8% Core Business Gross Margin*

EBITDA - $42.6M*

27% YoY Growth*

20.2% Core Business EBITDA Margin*

Net Income - $30.8M*

33.6% YoY Growth*

13.6% Net Margin*

* Sales on a constant currency and pro-forma basis, assuming acquisitions performed in 2014 and 2015 had been consolidated as of January 1, 2014; Gross Profit, EBITDA, Net income, their growth rates and profitability margins are net of non-recurrent expenses which reduced reported Q4/2015 Gross profit by 1.4M$, the operating profit by 2.2M$ and the Net Profit in 7.2M$, and on a constant currency basis

33

11.5

17.2

24.7

30.8

22.0

31.2

36.5

42.6

144.9

192.0202.0

225.6

Q4 2012 Q42013 Q4 2014 Q4 2015

Net Income* EBITDA* Sales

% EBITDAcore1

15.5%

17.9%

19.9% 20.2%

Constantly Improving Flavor Division’s Profit and Profitability

Major contributors to growth in Profit & Profitability :

• Successful integration of recent acquisitions• Exploiting operational efficiencies• Organic growth above market growth rates

EBITDA %

30% of sales

70% of sales

Flavor Activity Demonstrates• Higher growth rates• Higher profitability • Margin improvement

34

27 45

187

297

370

457494

590 608

840

16.0%17.7%

19.3%20.6%

22.20%

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

0

100

200

300

400

500

600

700

800

900

2000 2002 2006 2009 2011 2012 2013 2014 2015 Current RunRate

*

*Assuming all of the acquisitions in the Flavor Division made by Frutarom during 2015 and 2016 to date had been completed on January 1, 2015 and based on current currency exchange rates.

Sales, $M

Solid Balance Sheet & Cash Flow from Operations

Cash Flow

• $ 535M - Cumulative cash flow2009-2015

• 2015 - $91.7M, 13.5% YoY Growth

Balance Sheet

• Net debt* (31.12.15) - USD 415M

• Equity (31.12.15) - USD 552M

• Equity Ratio1 approx. 42%

• Leverage Ratio2 approx. 31.5%

Cumulative Cash Flow

1 Equity ratio = shareholders equity / total assets2 Leverage ratio = net financial debt / total assets

($M)

35* Net debt amount includes the financing of all the acquisitions preformed in 2015, including the funds of Wiberg's acquisition which were deposited in a trustee on the transaction's signing date

Positive Outlook for 2016 & 2017

Profitable internal growth in core business

Focus on innovative, health oriented, natural product mix

Additional projects to improve efficiency and merge activities and operations

Successful integration of the recent acquisitions

Strong acquisitions pipeline

Strengthening & leveraging global purchasing

36

Frutarom’s Strategic Goals

Continue successful strategy of combining rapid profitable organic growth with strategic acquisitions

* Given current product mix

Continue Margin Expansion Above-industry Growth

$2 Billion in revenues in 2020

Above 22% EBITDA in our core business by 2020

Continue Acquisitions Strategy

*

38

Frutarom’s Vision

To Be The Preferred Partner For Tasty And Healthy

Success

40