OREANDA-NEWS. December 21, 2012. Uralkali (LSE: URKA, "the Company"), one of the world’s largest potash producers, has today published its IFRS key figures for Q3 and nine months ended 30 September 2012.

JANUARY-SEPTEMBER 2012 TOP LINE AND OPERATIONAL HIGHLIGHTS1:

Revenue up 4% y-o-y to USD 3,294 million

Production of 7.4 million tonnes of potassium chloride (KCl)

Sales volumes of 7.6 million tonnes of KCl

Average export price up 11% y-o-y to USD 378 per tonne of KCl

CORPORATE HIGHLIGHTS IN Q3 2012:

Completion of intragroup reorganisation and cancellation of Uralkali’s ordinary shares, constituting approximately 5.126% of the Company’s share capital and including those purchased pursuant to the Company’s original buyback programme that was announced in October 2011

Signing of settlement agreements concluding an antitrust case in the US dating back to 2008 without any admission of liability, which released Uralkali and its traders from any liability in connection with the plaintiffs' claims

SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD:

Announcement of a further buyback programme reflecting the Company’s commitment to drive shareholder value with the aggregate amount not exceeding USD 1.636 billion that may be invested in the purchase of Shares and GDRs between 13 November 2012 and 13 November 2013

Approval of interim dividend payment in the amount of RUB 4.71 per share (approximately USD 0.77 per 1 GDR), relating to undistributed profit of the previous years, amounting to approximately RUB 13.8 billion (approximately USD 449 million)

Completion of expansion of production capacity of Berezniki-4 mine and plant, progressing development at Ust-Yayvinsky mine, public consultations on Polovodovsky project passed

1 Year-on-year comparison is presented on a pro-forma basis and includes Silvinit results starting from 1 January 2011

Vladislav Baumgertner, Uralkali CEO, commented:

"The Company’s performance in the first nine months of the year has been robust, with strong growth in our financial performance and higher realised prices compared to the first nine months of 2011. Though, by the end of the third quarter, the positive market dynamics experienced in the second quarter slowed down a bit with cautious buyer sentiment across the global potash market out of active application period, underlying medium-term fundamentals remain highly supportive with elevated crop prices and strong farmer economics providing strong support for positive market momentum during 2013. The Company remains committed to our balanced approach to investing in organic growth and returning excess capital to shareholders and this strategy has been reflected both in the recent progress that the Company has made on delivering its strategic capacity expansion programme and the confirmation of our renewal of our buyback programme for another twelve months."