OREANDA-NEWS. Uralkali (LSE: URKA, “the Company”), one of the world's largest potash producers, announces its unaudited IFRS key figures for the three months ended 31 March 2014.

JANUARY-MARCH 2014 TOP LINE AND OPERATIONAL HIGHLIGHTS:

Revenue up 17% y-o-y to USD 862 million

Production up 38% y-o-y to 2.9 million tonnes of potassium chloride (KCl)

Sales volumes up 63% y-o-y to 3.1 million tonnes of KCl

Average export price down 31% y-o-y to USD 215 per tonne of KCl

CORPORATE HIGHLIGHTS IN Q1 2014:

Acquisition of a 25% stake in Equiplan Participacoes S.A. to enhance the Company's logistics infrastructure in Brazil

Election of the new Board of Directors, following changes in the shareholder structure

Significant Events after the Reporting Period:

In June, approval of the dividend payment for 2013 by the annual general meeting of shareholders in the amount of RUB 1.63 per share (approximately USD 0.24 per 1 global depositary receipt ("GDR“)1), with total dividends for 2013 amounting to RUB 11.3 billion (approximately USD 326 million)

In June, decision of the Board of Directors to convene an extraordinary general meeting of shareholders (“EGM”) in the form of absentee voting on 31 July 2014 to vote on the merger of its subsidiary CJSC Uralkali-Technology, as well as the cancellation of 100% of CJSC Uralkali-Technology shares and Uralkali shares owned by CJSC Uralkali-Technology (12.5% of Uralkali's share capital).

Dmitry Osipov, Uralkali CEO, commented:

“In the first quarter, we saw that all three factors defining our revenue maximisation strategy - market share, price and volumes - were working well. Robust demand enabled us to sell a large volume that we produced working at almost full utilisation capacity. At the same time, global potash prices started to grow compared to the previous quarter. As a result, we were able to significantly increase our revenue compared to the same period last year while maintaining our historical market share.”