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Update on Uralkali Buyback Programme

19.11.2012
Update on Uralkali Buyback Programme

Uralkali (LSE: URKA) announces that pursuant to Uralkali’s buyback programme announced on 13 November 2012, the following purchases of Uralkali’s shares and GDRs were made during the week from 13 through 16 November 2012:

  • 2,036,000 shares at an average price of USD 7.44;
  • 327,000 GDRs at an average price of USD 37.22.

Therefore, since the start of Uralkali’s buyback programme the securities at the total amount of approximately USD 27 million have been purchased.

Uralkali intends to publish further updates on the buyback programme on a weekly basis provided any purchases take place.

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 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca. 12,500 people (in the main production unit). Uralkali’s shares and GDRs are traded on the RTS-MICEX and LSE, respectively.

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Cardinal rules

Smoking in mines is prohibited.
Work at heights without wearing a safety harness is prohibited.
Work in electrical installations under voltage is prohibited.
It is forbidden to perform work and stay in the bottomhole zone during the operation of the mining machine.
Loading and unloading operations when people are in the danger zone are prohibited.
Working in underground mines with unsecured and/or unassembled roofing is prohibited.
It is forbidden to carry out repairs and maintenance of conveyors without disconnecting from energy sources, use of conveyors for transfer of people and goods (materials and/or equipment), crossing (either above or under) operating conveyors by employees are not allowed.
It is forbidden to carry out welding and flame work in underground mines and mine buildings without the necessary safety measures preventing fire.