OREANDA-NEWS. March 4, 2011. OJSC Uralkali (“Uralkali”) announces that the Federal Service for Financial Markets of the Russian Federation (“FSFM”) has issued a clarification at its request that the FSFM permission granted to Uralkali with respect to its ordinary shares eligible for deposit into Uralkali global depositary receipt (“GDR”) program allows newly issued Uralkali shares to be deposited into the program provided there is a headroom within the limit of Uralkali ordinary shares specified in the FSFM permission. The FSFM permission allows up to 616 073 100 Uralkali ordinary shares to be deposited into the program. There are currently 440 465 435 Uralkali shares on deposit in the program, and accordingly an additional 175 607 665 Uralkali shares may be deposited. As a result, new Uralkali ordinary shares that will be issued upon conversion of ordinary and preferred shares in OJSC Silvinit (“Silvinit”) in the merger of Silvinit into Uralkali will become eligible for deposit into the Uralkali GDR program after registration of reports on results of new share issuances, which may take up to 3 weeks after completion of the merger.