Корпоративное действие URALKALI JSC GDR — repurchase offer

In connection with the merger of ojsc uralkali and cjsc investement Company silvinit resurs, cjsc jv kama and ojsc kamskaya gornaya Kompanya, companies incorporated under the laws of the russian Federation, approved at the meeting of uralkali on 16 apr 2012, you may be entitled to request redemption of all or part of your gdrs. Entitled to request redemption are gdr holders that, owned the gdrs on 07 mar 2012 (record date), own the gdrs when instructing and voted against or did not participate in voting on item 1 of the egm agenda.

In order to participate it is not required to have had the position on a continuous basis from the record date until when the holder instructs. In accordance with the requirements of paragraph 5 of article 76 of the federal law on joint stock companies in the event that the aggregate value of presented and redeemed shares,including shares represented by gdrs, exceeds 10 pct of the net asset value of uralkali as of 16 apr 2012 (the egm date), the shares, including gdrs, shall be redeemed pro rata, taking into account that 1 gdr represents 5 shares.

On the russian market the results will be announced by 05 jun 2012 from this date the gdr agent will calculate the pro ration for gdr holders, and announce it as soon as possible.

Purchase price is usd equivalent of rub 1028.70 per gdr net of, Cancellation fees usd 0.05 per gdr accepted for redemption,currency Conversion expense, any applicable taxes, governmental charges and other expenses. The usd rate will be calculated after the expiry of the offer, once the funds have been credited to the gdr agent (in rubles).

The exchange rate will be determined at the spot market rate available on the day that the funds have been received on the gdr market. Expiry date on the local market, 31 may 2012 holders of gdrs may be subject to tax consequences arising from a redemption of shares, including russian withholding tax on any capital gain realized.

To participate in this corporate action, it is required in addition to your instruction to complete paper form certification.

Available from our enquiries team on tel (44)(0)1202 32 2640. For more details please visit www.euroclear.com