Update on Uralkali Buyback Programme

06.06.2012
Update on Uralkali Buyback Programme

Uralkali (LSE: URKA) announces that pursuant to Uralkali’s buyback programme announced on 7 October 2011, the following purchases of Uralkali’s shares and GDRs were made during the week from 28 May through 1 June 2012:

  • 9,528,609 shares at an average price of USD 6.91;
  • 2,105,753 GDRs at an average price of USD 34.46.

Therefore, since the start of Uralkali’s buyback programme the securities at the total amount of approximately USD 675 million have been purchased.

For more details on the buyback programme please see Uralkali's website http://www.uralkali.com/investors/shareholder_inf/buyback/.

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.