The Management Board remuneration | PJSC Uralkali
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Remuneration payable to members of the Management Board of PJSC Uralkali in 2015

Remuneration payable to members of the Management Board consists of two parts: a monthly salary, the size of which is specified in individual employment contracts, and an annual bonus. The amount of the bonus depends on the achievement of individual annual KPIs, which reflects the contribution of a member of the management team to the achievement of strategic and operating goals of the Company. Members of the Management Board do not receive any additional remuneration for their work in the Management Board.

Currently, the Company does not have a long-term management incentive programme, and so senior executives of the Company are not paid additional bonuses.

The total payments made to the Management Board for 2015 was as follows:

InRUB*

InUSD**

Salary

347,889,968

5,706,856

Annual bonus

167,167,449

2,742,248

Total:

515,057,417

8,449,104

* After the personal income tax.

**Based on the average RUB/USD exchange rate in 2015 60.96 RUB/1 dollar

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