The Board of Directors of JSC Uralkali held a meeting on May 12, 2008, which approved the decision to hold the Company's Annual General Meeting on 18 June 2008 in Berezniki (Perm territory). The record date for persons entitled to vote in the AGM will be 13 May 2008. The Board of Directors have recommended that the AGM approve a dividend of RUR 1.90 per common share (or RUR 9.5 per GDR) for 2007, which would be a total of RUR 4,036,341,000. The recommended dividend is 50.2% of the Company’s consolidated net profit for 2007 in accordance with IFRS.