The Board of Directors of Uralkali (Berezniki, Perm Territory) approved the Consolidated Condensed Interim Financial Information for the six months ended 30 June 2009, prepared under IAS ¹34 «Interim Financial Reporting».

Key Highlights:

- Revenues were 13.87 billion roubles

- Net Sales (1) were 12.55 billion roubles

- EBITDA (2) was 7.41 billion roubles

- EBITDA margin (3) was 59%

- Net profit was 4.5 billion roubles

- Potash sales volume was 900 thousand tonnes

- Production of potassium chloride was 1135 thousand tonnes

Over the period potash sales volumes have remained lower as buyers continued to operate conservatively in the aftermath of the global economic downturn. However, we expect long-term supply contracts with key potash buyers worldwide to help raise capacity utilisation and improve productive output. Uralkali remains committed to operating with a long-term view. With our low cost production model and a firm focus on generating value, the company is well positioned to effectively increase production on the recovery of demand in the global potash market.

Notes:

1. Net Sales represent adjusted sales (sales net of freight, railway tariff and transshipment costs);

2. EBITDA is calculated as profit before income tax plus finance expense, minus finance income and plus depreciation and amortization;

3. EBITDA margin is calculated as EBITDA divided by Net Sales.

Consolidated Condensed Interim Financial Information for the six months ended June 30, 2009 are now available on Uralkali website (https://uralkali.com/eng/investors/financial_performance/). These financial statements have been reviewed by ZAO PricewaterhouseCoopers Audit.

Uralkali will be holding a conference call for investors today (September 14) at 6 pm Moscow time (3 pm London time) to discuss its H1 2009 financial results under IFRS and the market outlook for 2010. Please see the call details at https://uralkali.com/eng/investors/kalendar/