Uralkali (the “Company”; LSE, MICEX: URKA), one of the world’s major potash producers, announces that JSC Uralkali-Technology (“Uralkali-Technology”), a subsidiary of the Company, has signed a master agreement and confirmation with JSC VTB Capital with respect to a REPO transaction regarding common shares of PJSC Uralkali. As a result of the entry into the REPO transaction Uralkali-Technology has obtained financing for a total amount of USD 800 million, after transferring 370,123,777 common shares of PJSC Uralkali under the REPO agreement, which constitutes 12.6% of the Company’s share capital, on September 23, 2015. Uralkali-Technology has also signed a pledge agreement with JSC VTB Capital for the global depositary receipts (GDRs) representing shares of the Company, which secures Uralkali-Technology obligations under the REPO agreement, and pledged 43,335,594 GDRs, which corresponds to 216,677,970 ordinary shares and constitutes 7.38% of the Company’s share capital, to JSC VTB Capital.

It is anticipated that all or part of the funds will be transferred to Enterpro Services Limited and used for the purchase of the common shares and GDRs of the Company under the tender offer announced on August 25, 2015.

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.