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Uralkali Board Decisions


Uralkali (the Company; MICEX: URKA) announces the following main decisions taken by its Board of Directors at a meeting on 18 October 2016:

The Board has resolved to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of absentee voting on 22 December 2016 and submit for shareholders consideration a number of matters including the approval of major transaction as well as the approval of new versions of the Companys Charter and regulations on the Companys governing bodies. Shareholders of record on 28 November 2016 will be eligible to participate in the EGM. Information regarding the EGM agenda will be available for review on Uralkalis corporate website in line with the established rules

In accordance with the Joint Stock Companies Law, the Board has determined the price, conditions and order of Uralkali shares buyback from shareholders who have the right to claim buyback of all or part of their shares, if they voted against the approval of the major transaction or the new version of the Charter, or did not participate in voting on these matters. The buyback price determined by the Board is RUB 161.15 per one share of the Company.

The total amount of funds which may be spent by Uralkali for the purpose of share buyback cannot exceed 10% of the value of Uralkalis net assets as of the date of the decision which triggered shareholders right to claim buyback of their shares by the Company. If the total number of shares, submitted by shareholders for the buyback, exceeds the total number of shares which can be bought back by the company in compliance with the limitation described above, shares must be bought back from shareholders on a pro rata basis.

According to Uralkali financial statements as of 30 September 2016, the value of the Companys net assets is RUB 156 billion.

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 Territory, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkalis shares are traded on the Moscow Exchange.

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