OREANDA-NEWS. At the meeting held on 23 December 2013, the Board of Directors of Uralkali (LSE: URKA; the Company) took the decision to appoint Dmitry Osipov as the new General Director (CEO) of the Company, effective from 24 December 2013. Dmitry Osipov replaces Vladislav Baumgertner, who will leave the position of CEO as of that date.

Alexander Voloshin, Chairman of the Board of Directors of Uralkali, commented:

“I would like to highlight that the decision to appoint a new CEO has been taken in connection with the recent changes in the composition of the major shareholders of the Company.

On behalf of the Company and the Board, I would like to thank Vladislav Baumgertner for his significant contribution to the development of the Company over an extended period of time. During his period of service at Uralkali, beginning in 2003, Uralkali was transformed into a public company with a diversified international shareholder base positioned as one of the leaders in the global potash industry. We wish Vladislav well in this challenging time. We continue to believe in his innocence and hope that the existing problems will be resolved as soon as possible.