Uralkali Reaches Agreement on Potash Shipments to India

29.08.2016

Uralkali (the Company; MICEX: URKA), one of the world’s largest potash producers, announces that Uralkali Trading (a wholly-owned subsidiary of Uralkali) has concluded a contract with Indian Potash Limited (IPL), the major Indian fertiliser importer, for potash deliveries between August 2016 and July 2017.

The contract delivery price for potash fertiliser has been set at as per the market level. Uralkaliís volumes under the contract will total 650,000 metric tonnes of KCl, not including optional deliveries.

Major contract parameters:

Supply volume

650,000 tonnes, not including optional volumes

Contract period

August 2016 – July 2017

Uralkali (www.uralkali.com) is one of the worldís largest potash producers and exporters. The Companyís assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkaliís shares are traded on the Moscow Exchange.

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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.