Uralkaliy PAO : Programme to purchase PJSC Uralkali’s common shares and Global Depositary Receipts

PJSC Uralkali (LSE: URKA; the Company), one of the world's largest potash producers, announces that its Board of Directors has, at its meeting today, reviewed a report from management on the status of the programme to purchase up to 468,750,000 of its common shares, including Global Depositary Receipts ("GDRs") representing common shares, at the purchase price for the securities tendered of US$3.2 per common share and US$16 per GDR, which was approved by the Board of Directors on 23 April 2015 and the terms and conditions of which remain unchanged.

As announced by Enterpro Services Ltd. on 24 April 2015, the tender offer period with respect to the programme will expire at 12:00 P.M., Luxembourg/Brussels time (or 1:00 P.M., Moscow time), on May 22, 2015.

Uralkali (www.uralkali.com) is one of the world's largest potash producers and exporters. The Company's assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca. 11,000 people (in the main production unit). Uralkali's shares and GDRs are traded on the Moscow Exchange and London Stock Exchange, respectively.