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Shareholder structure
The authorized capital of Uralkali was 1,062,195,000 roubles. The authorized capital of Uralkali consists of 2,124,390,000 registered ordinary shares with a par value of 50 kopecks per share. Equity structure as of August 13, 2008: As of August 13, 2007, the ordinary shares in Uralkali and global depositary receipts certifying the rights in respect of the ordinary shares in Uralkali are traded on the following trading floors: RTS; MICEX; LSE.
Dividends
Dividend payments are controlled by the Legislation of the Russian Federation. The source of dividend payments is net profit of the Company. This is determined based on data from the accounting statements of the Company. In accordance with the FL [Federal Law] “On Joint-Stock Companies”, the Charter of the Company and the Regulation on Dividend Policy, the Company is entitled to adopt a decision on (declare) the payment of dividend for both the fiscal year and the first quarter, six months, nine months of the fiscal year (interim dividends). Decision on the payment (declaration) of dividends, including a decision on the amount of dividend, is adopted by the General Meeting of Shareholders. At the same time, the dividend amount may not exceed the amount recommended by the Board of Directors of the Company. The Regulation on Dividend Policy of Uralkali stipulates that in the development of recommendations to the General Meeting of Shareholders concerning the amount of dividend for a certain period, the Board of Directors of Uralkali relies on the following rule: the funds used for such purposes should be at least 15 percent of net profit determined based on the financial statements of the Company prepared in accordance with the International Financial Reporting Standards (IFRS) for the period concerned in respect of which a recommendation is made. At the same time, the Company draws the attention of shareholders to the fact that the Company is entitled rather than obliged to adopt a decision on dividend payment.