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S&P Revises Uralkalis Rating and MSCI Monitors Tender Offer


Public Joint Stock Company Uralkali (LSE: URKA; the Company), one of the worlds largest potash producers, announces that Standard & Poors international credit rating agency has revised Uralkalis rating from BB+ to BB. The outlook is stable. Standard & Poors has also lowered Uralkalis national scale rating from ruAA+ to ruAA.

The Company notes recent media reports that the MSCI index provider is monitoring the tender offer by Enterpro Services Limited in respect of Uralkalis common shares and Global Depositary Receipts in the amount of up to 411,042,224 common shares, announced on 25 August 2015 (the Tender Offer), and after review and consideration may cut the weight of Uralkalis securities before rebalancing of the MSCI Russia Index expected in November 2015.

According to the methodology used by the MSCI indices provider, the Company believes that if the free float in its shares falls below 15%, its shares may no longer be eligible for inclusion in the MSCI series of indices.

MSCI Inc is an international analytical company that calculates global equity indices including more than 145,000 daily indices covering over 70 countries.

PJSC Uralkali (www.uralkali.com) is one of the worlds largest potash producers and exporters. The Companys assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca. 11,000 people (in the main production unit). Uralkalis common shares and GDRs are traded on the Moscow Exchange and London Stock Exchange, respectively.

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