OREANDA-NEWS. December 23, 2011. Uralkali (LSE: URKA) announces that pursuant to Uralkali’s buyback programme announced on 7 October 2011, the following purchases of Uralkali’s shares and GDRs were made during the week from 12 December through 16 December:

· 8,260,343 shares at an average price of USD 6.70;

· 766,130 GDRs at an average price of USD 33.72.

Therefore, since the start of Uralkali’s buyback programme the securities at the total price of USD 211.4 million have been purchased.

Uralkali (www.uralkali.com) is one of the world’s largest potash producers with a market share of about 20%. The Company’s assets consist of 5 mines and 8 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs over 23,000 people. Uralkali’s shares and GDRs are traded on the LSE, RTS and MICEX.