OREANDA-NEWS. September 24, 2007.United States in reliance on Regulation S under the U.S. Securities Act of 1933 (the “Securities Act”), as well as to qualified institutional buyers in the United States pursuant to the exemption afforded by Rule 144A under the Securities Act, and an offering of ordinary shares in the Russian Federation. The Federal Financial Markets Service of Russia granted an approval for Uralkali’s issued shares to be circulated abroad in September 2006. The Offering is subject to receipt of all necessary regulatory approvals, including the relevant registrations and approvals by the U.K. Financial Services Authority. The ordinary shares of Uralkali have been traded on the RTS stock exchange in Moscow, Russia, since 1997.

Citi, Renaissance Capital and UBS Investment Bank are acting as Joint Global Coordinators and Bookrunners for the Offering.

Commenting on the Offering, Vladislav Baumgertner, President, Chairman of the Management Board and General Director said:

“Uralkali is uniquely positioned as a dedicated low-cost potash producer with a powerful distribution platform. We are excited by the continued strength and significant growth potential of the global potash sector and we are continuing to focus on the largest and fastest growing markets – the BRIC countries of Brazil, Russia, India and China.

The listing on the London Stock Exchange of GDRs representing Uralkali’s ordinary shares is a further important step in Uralkali’s development. It will allow us to access the international capital markets and position us strongly to capitalize upon new opportunities for growth in a rapidly developing industry.”