OREANDA-NEWS. May 26, 2011. OJSC Uralkali (“Uralkali”) notes recent press reports that OJSC Acron, LICONA (INTERNATIONAL) LIMITED, Medvezhonok Holdings Limited, ROF (Cyprus) Limited and SOKOL RUSSIAN EQUITY CAPITAL PARTNERS L.P. have filed a claim against Uralkali, the Russian Federal Service for Financial Markets (the “FSFM”) and the Interdistrict Inspectorate of the Federal Tax Service #2 of the Perm Region (the “Tax Authority”) in the Perm Territory Arbitrage (Commercial) Court seeking to invalidate additional issuances of Uralkali ordinary shares registered by the FSFM in connection with the merger of OJSC Silvinit (“Silvinit”) into Uralkali and entries made in the Unified State Register of Legal Entities by the Tax Authority with respect to the registration of termination of Silvinit.

Uralkali has not received official notification of the court claims but believes that any such claims are entirely without merit and intends to contest them vigorously in accordance with Russian law.