OREANDA-NEWS. In connection with the offer of Uralkali ordinary shares and global depositary receipts (the "GDRs"), the Joint Global Coordinators, Renaissance Capital and UBS Investment Bank announced that the Over-allotment Option has been fully exercised on  October 18, 2007, Uralkali's press service reported.

The selling shareholder granted the Joint Global Coordinators the option to acquire an additional 15% of the original transaction volume of GDRs at the offering price of US$17.50 per GDR. Based on this option, the Joint Global Coordinators allocated an additional 6,906,622 GDRs in the allocation process of the offer.

The Joint Global Coordinators have not effected any stabilization purchases of shares or GDRs and, with the exercise of the Over-allotment Option, do not intend to do so.Consequently, the total number of shares placed in the offer of Uralkali amounts to 305,381,063 shares with a total value of approximately US$1,069 million. Taking the full exercise of the Over-allotment Option into consideration, 14.4% of the share capital of Uralkali has been placed in the offer.

Uralkali is the world's largest publicly-traded pure-play potash producer with a leading market penetration in the most significant developing markets for fertiliser consumption. Uralkali produces three main potash products: granular muriate; white muriate; and pink muriate. Uralkali has the world's largest potash export platform through its joint venture interest in Belorussian Potash Company. Uralkali is listed on the RTS stock exchange (RTS: URKA). Uralkali GDRs are listed on the London Stock Exchange (URKA LI).