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Uralkali Buys Back Bonds

Uralkali Buys Back Bonds
Uralkali (LSE: URKA), one of the world’s largest potash producers, on 22 August 2011 bought back its debut BO-01exchange-traded bonds (identification number 4B02-01-00296-A, admitted to trading 12.01.11) amounting to 29 999 993 bonds at the price of about RUR 30.9 billion (ca. USD 1.06 billion*), which is 103% of the nominal value. The Company acquired all bonds submitted for buy back, therefore, fulfilling its obligations as an issuer to the full extent.

Following the bond buyback the cross-currency interest rate swap transaction that hedged the Company’s ruble bond obligations was also terminated.

The BO-01exchange-traded bonds were placed on the MICEX in February 2011. The proceeds of the placement helped Uralkali to secure financing of the acquisition of 20% stake in Silvinit during the merger of the two companies.

*According to the exchange rate of the Central Bank of the RF as of 23 August 2011, which is 29.26 RUR per 1 USD


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

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