Uralkali’s Board of Directors announced the decisions made on the meeting held on 10 September 2013

11-9-2013 — /EuropaWire/ — Following the meeting held on 10 September 2013, the Board of Directors of Uralkali (LSE: URKA; the Company), one of the world’s largest potash producers, has made the following decisions.

• The Board has approved the Consolidated Condensed Interim Financial Information for the six months ended 30 June 2013. The Board also heard the Review Report for the reporting period.
• The members of the Board have re-appointed a number of Board Committees. Independent directors continue to be involved in all Board Committees.
• The Board has resolved to convene an Extraordinary General Meeting of Shareholders (“EGM”) in the form of absentee voting on 22 October 2013 and to include on the agenda approval of the following transactions:
  • Sberbank seven-year USD 400-million credit line;
  • VTB Capital PLC five-year unsecured loan facility in the amount of up to RUB 32.85 billion, with a simultaneous cross-currency interest rate swap.
• The Board has also resolved to convene an Extraordinary General Shareholders meeting on 29 November 2013 in Berezniki, Perm Region, Russia, to re-elect the Board of Director
• Shareholders registered as at the record date of 18 September 2013 will be eligible to participate in both EGMs.
• The Board has approved Uralkali’s Main Principles of Compliance to Global Antitrust Requirements and Main Principles of Anticorruption Policy.
• Uralkali Board members have expressed their full support for Vladislav Baumgertner, Uralkali CEO, who has been unlawfully held in custody by the law-enforcement authorities of the Republic of Belarus. The Board considers all accusations against Mr Baumgertner and other Uralkali employees to be completely unfounded and politically motivated.
  Uralkali is one of the most efficient potash producers in the world, managed by a strong team of professionals. The Company continues to operate and successfully fulfills its obligations to customers.

Uralkali (www.uralkali.com/) is one of the world’s largest potash producers with a share of about 20% in global potash production. 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.11,800 people (in the main production unit). Uralkali’s shares and GDRs are traded on the Moscow Exchange and LSE, respectively.

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