Uralkali’s EGM approves interim dividend payment

Uralkali’s EGM approves interim dividend payment

Uralkali’s (LSE:URKA) extraordinary general shareholders meeting (“EGM”) that took place on 8 December 2011 approved an interim dividend payment.

A dividend in the amount of RUR 4.00 per share and approximately USD 0.64 per GDR* will be paid on all Uralkali’s ordinary shares, reflecting the undistributed profit of previous years. The toal interim dividend payment will therefore be around RUR 12.4 billion (ca. USD 400 million)* to be paid out within 60 days of the date of the EGM.

The divididend is being paid in line with Uralkali’s new dividend policy which stipulates that a minimum of 50% of IFRS net profit should be returned to shareholders at least twice a year.

The EGM also approved the new edition of the Charter of OJSC Uralkali.

*According to the exchange rate of the Russian Central Bank as of 8 December 2011, 1USD=31.15RUR

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.

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