JSC URALKALI URKA Private issue of exchangeable unlisted bonds

  JSC URALKALI (URKA) - Private issue of exchangeable unlisted bonds

RNS Number : 7418Q
JSC Uralkali
09 November 2012

November 9, 2012

Private issue of exchangeable unlisted bonds due 2014 (the "Bonds")

Uralkali (LSE:  URKA;  "the  Company"),  one of  the  world's  largest  potash 
producers, announces that on  9 November 2012 it  was notified by certain  key 
shareholders about the completion of  the issuance of Bonds exchangeable  into 
ordinary shares of Uralkali in a privately negotiated transaction to Chengdong
Investment Corporation and VTB Capital plc. The issuers of the Bonds are Wadge
Holdings Limited and Fenguard  Limited, special purpose vehicles  beneficially 
owned by the key shareholders of Uralkali. The Bonds will not be listed.

The  Bonds  are  due  2014.  Assuming  full  conversion,  the  Bonds  will  be 
exchangeable into 425 722 306 ordinary shares of Uralkali (subject to  certain 
adjustment events), representing 14.5% of the issued share capital of Uralkali
as at the date of this announcement.

Uralkali is not a party to any agreement regarding this transaction.

Please see Uralkali's updated shareholder  structure on the corporate  website 

Uralkali (www.uralkali.com) is  one of  the world's  largest potash  producers 
with a market share of about 20%. The Company's assets consist of 5 mines  and 
7 ore-treatment mills situated in the  towns of Berezniki and Solikamsk  (Perm 
Territory, Russia). Uralkali employs ca. 12,500 people (in the main production
unit). Uralkali's  shares  and GDRs  are  traded  on the  RTS-MICEX  and  LSE, 


Investor Relations

Anna Batarina, CFA
Head of Investor Relations and Capital Markets, Uralkali
Tel.: +7 (495) 730 2371
E-mail: ir@msc.uralkali.com 

Media Relations

Alexander Babinsky

Head of Public Relations, Uralkali

Tel.: +7 (495) 730 2371

E-mail: pr@msc.uralkali.com



This announcement is not  intended to, and does  not constitute, or form  part 
of, an offer to sell or an  invitation to purchase, exchange or subscribe  for 
any securities in any  jurisdiction. This announcement  does not constitute  a 
prospectus or a prospectus equivalent document.

The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law and therefore any
persons who are subject to the laws of any jurisdiction other than the United
Kingdom should inform themselves about, and observe, any applicable
requirements. This announcement has been prepared for the purposes of
complying with English law and the information disclosed may not be the same
as that which would have been disclosed if this announcement had been prepared
in accordance with the laws and regulations of any jurisdiction outside of

                     This information is provided by RNS
           The company news service from the London Stock Exchange


STRGRBDBRUGBGDC -0- Nov/09/2012 08:01 GMT
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