OREANDA-NEWS. May 27, 2011. The Uralkali Board of Directors has approved the reports on the results of two additional issuances of the Company’s ordinary shares, each share having an individual par value of RUR 0.5:

•    835,247,687 shares issued following the conversion of Silvinit’s ordinary shares into Uralkali’s ordinary shares within the framework of its combination

•    135,000,218 shares issued following the conversion of Silvinit’s preferred shares into Uralkali’s ordinary shares within the framework of its combination

The number of ordinary shares in Uralkali’s authorised capital including two additional shares issuances, therefore, totals 3,094,637,905.

The combination between Uralkali and Silvinit will be completed upon registration of the reports on results of Uralkali share issuances by the Russian Federal Service for Financial Markets (“FSFM”), which may take up to 2 weeks after filing of the reports.

Upon the registration of the share issuance reports with the FSFM, Uralkali will apply for a new admission of Uralkali global depositary receipts (“GDRs”) to the Official List of the UKLA and to trading on the regulated market of the International Order Book of the London Stock Exchange and newly issued shares of Uralkali will then become eligible for deposit into the GDR programme of Uralkali.