Uralkali Changes Dividend Policy

22.09.2011
Uralkali Changes Dividend Policy

Uralkali (LSE: URKA), one of the world’s largest potash producers, held a meeting of its Board of Directors on 21 September 2011 at which Vladislav Baumgertner, Uralkali CEO, reported the results of the Company’s performance in H1 2011. Following that, the Board of Directors approved the Company’s consolidated interim financial results for the six months ended 30 June 2011, prepared under IFRS.

The Board of Directors also approved the Uralkali’s new dividend policy regulations. According to the new regulations, the Board of Directors should recommend the size of the dividend on the assumption that not less than 50% of net IFRS profit will be designated for the payment of a dividend. The new regulations also stipulate that the Board of Directors will present its recommendations on the dividend to relevant general meetings of shareholders at least twice a year.

Vladislav Baumgertner, Uralkali CEO:

We predict a significant growth of cash-flow in Uralkali in the next few years due to favorable market situation and our increasing production capacities. At the same time the long-term strategy of the Company is one of the most efficient in the potash industry in terms of cost of new capacities. That is why it will not require significant financial investment. Taking this into account, the Board of Directors resolved to pay out the shareholders at least 50% of the net profit as dividends for maintaining the optimal capital structure.

For more details about Uralkali’s Board of Directors decisions please see the Company’s Corporate websitň www.uralkali.com

Enquiries:

Investor Relations

Anna Batarina, CFA
Head of Investor Relations and Capital Markets, Uralkali
Tel.: +7 (495) 730 2371
E-mail: anna.batarina@msc.uralkali.com

Media Relations

Alexey Sotskov
Head of Public Relations, Uralkali
Tel.: +7 (495) 730 2371
E-mail: alexey.sotskov@msc.uralkali.com

Brian Cattell / James Devas
Maitland Communications
Tel: +44 (20) 7379 5151
E-mail: bcattell@maitland.co.uk

This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase, exchange or subscribe for any securities in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with English law and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of England.

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