OREANDA-NEWS. November 22, 2011. Pursuant to the terms and conditions of the agreement between the Russian Association of Fertiliser Producers and the Agri-industrial Union of Russia (“the Agreement”), Uralkali (LSE: URKA) announces the ceiling price for its potash fertilisers to be supplied directly to Russian agricultural producers in 2012.

In accordance with the terms of the Agreement and the Marketing Policy of the Company agreed with the Russian Federal Antimonopoly Service, Uralkali will increase its price for potash intended for Russian agricultural producers in line with the industrial inflation index.

According to the forecast of the Ministry of Economic Development of the Russian Federation, the industry inflation index will grow by 10.6% in December 2011 year-on-year. Taking into account the forecasted industry inflation index the preliminary price for Russian agricultural producers in 2012 will be RUR 4700 per tonne of potassium chloride. Uralkali will announce the final price after the industry inflation index is published by the Russian Federal State Statistics Service.