OREANDA-NEWS. September 22, 2011. Uralkali (LSE: URKA), one of the world’s largest potash producers, held a meeting of its Board of Directors on 21 September 2011 at which Vladislav Baumgertner, Uralkali CEO, reported the results of the Company’s performance in H1 2011. Following that, the Board of Directors approved the Company’s consolidated interim financial results for the six months ended 30 June 2011, prepared under IFRS.

The Board of Directors also approved the Uralkali’s new dividend policy regulations. According to the new regulations, the Board of Directors should recommend the size of the dividend on the assumption that not less than 50% of net IFRS profit will be designated for the payment of a dividend. The new regulations also stipulate that the Board of Directors will present its recommendations on the dividend to relevant general meetings of shareholders at least twice a year.

Vladislav Baumgertner, Uralkali CEO:

We predict a significant growth of cash-flow in Uralkali in the next few years due to favorable market situation and our increasing production capacities. At the same time the long-term strategy of the Company is one of the most efficient in the potash industry in terms of cost of new capacities. That is why it will not require significant financial investment. Taking this into account, the Board of Directors resolved to pay out the shareholders at least 50% of the net profit as dividends for maintaining the optimal capital structure.