OREANDA-NEWS. January 11, 2011. Uralkali announces a website launch related to the proposed merger with the other Russian potash producer, Silvinit. The website www.urkasilv-merger.com contains detailed information on summary transaction terms, transaction timeline, its rationale and information for both Silvinit and Uralkali shareholders. The contact information for investors, shareholders and journalists is also included. Constantly updated newswire will provide all the latest news about the merger process.

The proposed combination will be effected through the acquisition by Uralkali of approximately 20 per cent of the ordinary shares of Silvinit for USD 894,5 per share, or total cash consideration of USD 1,4 billion, and subsequent implementation of a statutory merger of Uralkali and Silvinit through the issuance of new Uralkali ordinary shares for the remaining ordinary and preferred share capital of Silvinit. Uralkali will be the surviving entity following the proposed combination, with its ordinary shares traded on the RTS and MICEX and its GDRs traded on the LSE, and Silvinit will cease to exist.