Uralkali (LSE: URKA; the Company), one of the world’s largest potash producers, announces the following decisions made by its Board of Directors at a meeting on 23 June 2015.

The Board re-elected Sergey Chemezov as Chairman and Sir Robert Margetts and Dmitry Mazepin as Deputy Chairmen of the Board.

The Board elected the members of the Board Committees and re-appointed independent directors as the heads of the Committees (for more details on the Board Committees please visit the Company’s website).

The Board confirmed the current composition of the Management Board.

The Board of Directors reviewed the results of the programme to purchase the Company’s common shares and GDRs completed on 11 June 2015 and asked the Audit Committee to evaluate the benefits of the listing of Uralkali’s GDRs on the London Stock Exchange and present its recommendations for the consideration of the Board of Directors by the end of August 2015.

The Board approved the programme and prospectus for the issuance of exchange-traded non-convertible bonds in the amount of up to RUB 100 billion. The programme duration will be 20 years from the registration date and issues may be of an unlimited size with a maturity period of up to 10 years and in any currency.

The Board decided to convene an extraordinary general meeting of shareholders (“EGM”) in the form of absentee voting on 7 August 2015 to vote on a number of issues including the approval of a major related-party transaction; shareholders of record as at 8 July 2015 will be eligible to participate in the EGM.

Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkali’s shares and GDRs are traded on the Moscow Exchange and London Stock Exchange, respectively.