URALCHEM has become a Controlling Shareholder of the Ventamonjaks Terminal

URALCHEM, OJSC has become a controlling shareholder in SIA Ventamonjaks. Ventamonjaks is the largest liquid ammonia transhipment terminal in the Baltic Sea.

URALCHEM

Moscow, Russia (August 21, 2014) — URALCHEM, OJSC has become a controlling shareholder in SIA Ventamonjaks. Ventamonjaks is the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million tonnes and is located in the ice-free port of Ventspils. URALCHEM’s subsidiary, Uralchem Freight limited, acted on behalf of URALCHEM as a party to the transaction and became the owner of 55% of the shares in the company, which has 100% shares in SIA Ventamonjaks. The transaction was carried out with the participation of ABLV bank.

Dmitry Konyaev, General Director of URALCHEM OJSC, commented

The purchase of the terminal is consistent with our strategic goal of providing logistic security to the supply of our products. For more than 15 years the enterprises of URALCHEM have been customers of the Ventamonjaks. URALCHEM is the leader in Russia in terms of manufacturing ammonia and intends to increase its production. We are keen to provide our customers around the world with flexible and the most favourable conditions for its supply. Our approach to the purchase of the terminal and to its future management will be identical to our existing project – the Riga Fertilizer Terminal.

Andrejs Visnauskas, Chairman of the board of directors of SIA Ventamonjaks, said

The acquisition of shares in the terminal by the manufacturer and owner of the transhipped product provides a long-term guarantee for its workload. This is an important factor for the competitiveness of the terminal, its ability to ensure income for its owners and to provide jobs and taxes for the Latvian budget. We also hope that, with the help of URALCHEM, we will be able to increase the workload of the terminal, which has significantly reduced after the global financial crisis.

Public Relations Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
pr@uralchem.com
http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of phosphate and compound fertilizers per year. URALCHEM, OJSC ranks first in Russia for production of ammonia and ammonium nitrate, and second for the production of urea. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM Expands Its Own Fleet of Ammonia Transportation Tanks

In August, URALCHEM’s fleet of rolling stock increased by 100 new ammonia tanks.

URALCHEM

Moscow, Russia (August 14, 2014) — In August, URALCHEM‘s fleet of rolling stock increased by 100 new ammonia tanks. A financial leasing contract was signed by URALCHEM-TRANS (part of URALCHEM) and Alpha Leasing. The deal amounted to about 500 million roubles.

The leasing company was chosen on a competitive basis, which allowed URALCHEM to negotiate the best terms for the deal. The new tanks are to be manufactured by the Ruzaevsky Chemical Engineering factory (Ruzhimmash, part of the RM Rail group). URALCHEM-TRANS has long been using Ruzhimmash products. Currently, the company’s fleet includes 533 leased tanks by this manufacturer and another 76 rented.

Expansion of its fleet of ammonia tanks is in line with URALCHEM’s strategy to ensure the independence of its logistics chain. In particular, it is driven by the requirement to reduce its current dependence on leased fleets of other ammonia manufacturers. This allows the company to guarantee uninterrupted supply of raw materials and finished products. By following this strategy in 2012 to 2014, URALCHEM increased the proportion of its own ammonia tanks from 40% to 71% of the total number of tanks in its fleet. In total, URALCHEM’s rolling stock of ammonia tanks consists of 1700 ammonia tanks, of which more than 1200 are owned by the company.

Public Relations Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
pr@uralchem.com
http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of phosphate and compound fertilizers per year. URALCHEM, OJSC ranks first in Russia for production of ammonia and ammonium nitrate, and second for the production of urea. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM Celebrates Its 7th Anniversary

Last Friday marked the seventh anniversary of the foundation of URALCHEM.

URALCHEM

Moscow, Russia (July 14, 2014) — Last Friday marked the seventh anniversary of the foundation of URALCHEM.

Ever since it was set up in 2007, URALCHEM has pursued a strategy of consolidating assets whilst improving the efficiency of business processes, increasing productivity and profitability, as well as reducing transaction costs. Today, URALCHEM is a leading manufacturer of nitrogen fertilizers. Ranking first in Russia in the production of ammonia and ammonium nitrate, the company supplies more than 80 kinds of products in more than 60 countries.

Over the past seven years, URALCHEM has boosted total production by more than 3 times. In 2013 the company produced 6.04 million tons of its main products and set a record for the production of gross ammonia at 2.82 million tons. Revenue has grown more than four-fold for the past seven years, reaching $2.27 billion in 2013. In terms of profitability, URALCHEM is one of the industry leaders, not only in Russia, but also globally. The company’s EBITDA grew from $207 million in 2007 to $632 million in 2013, with an EBITDA margin of 28%. The company is actively reinvesting its profits. Over the period of 2007 to 2013, URALCHEM has invested $682 million in its own development.

General Director of URALCHEM OJSC Dmitry Konyaev commented, “Today URALCHEM is one of the leaders of the chemical industry. This is a company that has managed in a short time to walk a path that has taken many players in the industry decades; a company that is confident in the future. We are developing and launching new products, strengthening our positions in key markets and entering new markets. We believe that URALCHEM is set for a long-term and stable development. Its employees, highly qualified managers and effective business model all guarantee this.”

More than 300 employees, representing all businesses of the company participated in the celebrations. The guests enjoyed a spectacular boat trip on the Moscow River and a concert.

Public Relations Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
pr@uralchem.com
http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of phosphate and compound fertilizers per year. URALCHEM, OJSC ranks first in Russia for production of ammonia and ammonium nitrate, and second for the production of urea. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM reports the results of the Annual General Meeting of Shareholders

United Chemical Company URALCHEM, OJSC reports on the decisions taken by the shareholders at the Annual General Meeting held on 30th June, 2014.

URALCHEM

Moscow, Russia (July 2, 2014) — United Chemical Company URALCHEM, OJSC reports on the decisions taken by the shareholders at the Annual General Meeting held on 30th June, 2014.

The company’s shareholders approved URALCHEM’s annual report and annual financial statements for fiscal year 2013. The shareholders decided not to announce and pay dividends for 2013, beyond the 3.475 billion roubles previously announced for the nine months of 2013.

The meeting also re-elected the current Board of Directors of URLACHEM OJSC. The board includes Dmitry Mazepin, Dmitry Tatianin, Dmitry Konyaev, Julia Orlovskaya, Andrey Pakhomenkov, Mikhail Genkin and independent director Petr Krupnov.

The shareholders’ approved the new edition of the articles of association of the company, which brings it into line with changes in legislation and specifies the responsibilities of the CEO and the Board of Directors. The meeting approved a major deal: namely, the signing of an additional agreement to the VTB loan to purchase shares in OJSC Uralkali, which increased the period of availability of undrawn funds to the end of 2014.

Dmitry Konyaev, CEO of URALCHEM, OJSC said that in 2013 the company demonstrated the stability of the business in difficult market conditions. Among the main results of the year were the completion of its own port terminal in Riga and the purchase of 19.99% of shares in OJSC Uralkali. In 2014, the company will focus on improving business efficiency by continuing to invest in the renovation and modernization of its existing facilities.

Public Relations Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
pr@uralchem.com
http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of phosphate and compound fertilizers per year. URALCHEM, OJSC ranks first in Russia for production of ammonia and ammonium nitrate, and second for the production of urea. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM, OJSC Reports IFRS Financial Results for the First Quarter of 2014

URALCHEM, OJSC, the Russian holding company of the URALCHEM Group, one of the largest producers of nitrogen fertilizers in Russia, announced its IFRS financial results for the first quarter of 2014.

URALCHEM

Moscow, Russia (May 30, 2014)

• Revenue decreased to 19.4 bln RUB, compared to 20.8 bln RUB in January-March 2013.
• Operating profit amounted to 5.3 bln RUB, compared with 6.7 bln RUB in January-March 2013.
• Adjusted EBITDA comprised 6.2 bln RUB, compared to 7.6 bln RUB in January-March 2013.
• Adjusted EBITDA margin amounted to 32%, compared to 37% in January-March 2013.

URALCHEM, OJSC (hereinafter URALCHEM or the Company), the Russian holding company of the URALCHEM Group, one of the largest producers of nitrogen fertilizers in Russia, announced its IFRS financial results for the first quarter of 2014.

Revenue for the first quarter of 2014 decreased by 7% to 19.4 bln RUB, compared to 20.8 bln RUB in January – March, 2013. Operating profit amounted to 5.3 bln RUB (23% of revenue) compared with the operating profit of 6.7 bln RUB (32% of revenue) in the first quarter of 2013.

Adjusted EBITDA comprised 6.2 bln RUB, compared to 7.6 bln RUB, a decrease of 18%. The adjusted EBITDA margin for the first quarter of 2014 amounted to 32% of revenue, compared with 37% of revenue for the first quarter of 2013.

The negative net profit is the result of so-called paper losses. The bulk of the company’s debt is denominated in dollars, and following the sharp rise in the foreign exchange rate in the first quarter of 2014, the company has recognized a foreign exchange loss from financing activities to the amount of 13.56 billion roubles in the reporting period. Of this amount, 13 billion roubles is the exchange difference on the loans, on which there have been no real cash flows. Sharp fluctuations in exchange rates have a significant effect on the net income indicator. For example, movement of the dollar exchange rate in the opposite direction in April and May provided for positive exchange rate differences on the same loans to the total of about 6.5 billion roubles.

In addition, the financial result from operations includes foreign exchange loss in the amount of 957 million roubles arising on intercompany liability, while the corresponding gain is reflected directly in the statement of changes in equity. If these exchange differences were netted off, EBITDA could reach 7.15 billion roubles and its margin would be 37%.

Thus, against the background of declining global prices for major fertilizers, in the first quarter of 2014, URALCHEM showed the sustainability of its business model. Whilst its financial performance was lower in absolute terms, the company has maintained high margins (profitability) and continued to generate a stable positive cash flow. In response to market trends, the company has increased production and sales of key products, ammonium nitrate and its derivatives, as well as continued its efforts to improve the efficiency of business processes, to increase productivity and profitability and to reduce operating costs.

Markets

The first quarter is traditionally a period of significant market activity and prices are being supported by strong demand in premium markets, the US and Europe. However, despite the rise in prices in the first half of the quarter, the average values of quotes were lower than in the first quarter of 2013. In the second and third quarters of 2014 the market expects oversupply associated with the start of Chinese exports. The main demand during the period is expected from South Asia and Latin America, ie regions in which the price is traditionally low. The volume of demand is assessed as insufficient to absorb all available supplies from China and the Middle East. As a result of the oversupply, price cuts will inevitably lead to a halt in production in regions with high costs, including Europe and the CIS.

In January, the activity in ammonia markets stayed low. Quotes based on FOB Yuzhnyi Port remained around 410 to 430 dollars/tonne. In February, prices for ammonia in the ports of the CIS began to rise, which continued until the end of the quarter. Gazprom’s announcement about cancellation of discounts on natural gas prices increased interest in purchasing in the Yuzhnyi Port; the lack of available supplies in Trinidad heightened interest of US importers in purchasing in the CIS. The main growth in demand was due to the start of direct application of ammonia and increased requirements for raw materials from producers of phosphate fertilizers. In March, prices reached 474 dollars/tonne. However, in general, for the quarter the prices amounted to 438 dollars/tonne, which is 22.2 % lower than a year before.

The greatest activity for urea during the quarter was shown in US, Europe and Brazil. The US entered the purchasing season with low stocks. In January, prices in the US rose by 21% and the rapid rise in prices in the United States resulted in an increase in prices in the major sources of shipment: in the Port of Yuzhnyi by 15%, in Egypt also by 15%, in the Middle East by 16%. Prices were also supported by a lack of free product in North Africa and the Middle East. However, beginning with the last week of January, the market trend changed. The devaluation of the Turkish lira and the Brazilian real impeded imports from these countries and by the end of the quarter, prices returned to January levels. The average quotes for urea FOB Baltics in March totalled 314 dollars/tonne. The average urea price for the quarter was $330/tonne, which is 14.3 % lower than a year before.

January and February marked steady growth of quotations for ammonium nitrate caused by deficiency of the product available for export, due to the supply to the Russian domestic market. FOB Baltics quotes grew from $300/tonne up to $320/tonne. But from the beginning of March there was change in the trend due to lower domestic demand. In general, during the first quarter of 2014 quotes amounted to $308/tonne, which is 8.6% lower than a year before.

In the segment of phosphate fertilizers (MAP/DAP) average quotations (FOB Black Sea) for the first quarter of 2014 amounted to $469 dollars/tonne, which is 6% lower than a year before. Since mid-March, demand in this segment declined markedly; importers, relying on high inventories, put off new purchases in anticipation of more lucrative offers. In the second quarter, market participants expect lower prices.

Financial Situation

Cash generated from operating activities in the first quarter of 2014 amounted to 5.6 bln RUB, compared to 5.06 bln RUB in the first quarter of 2013.

As at 31 March 2014, the Company’s net debt amounted to 163.11 bln RUB. The debt burden increased after the Company received a loan from VTB Capital to finance the purchase of 19.99% of shares in OJSC “Uralkali”, which as at 31 March 2014 amounted to 146,01 bln RUB

For more information, please visit the Company web site http://www.uralchem.com or use the following contact information:

Public Relations Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of phosphate and compound fertilizers per year. URALCHEM, OJSC ranks first in Russia for production of ammonia and ammonium nitrate, and second for the production of urea. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

URALCHEM, OJSC Reports IFRS Financial Results for the Year 2013

Revenue for 2013 reached 72.15 bln RUB, operating profit amounted to 16.5 bln RUB. Against the background of adverse market developments, the company managed to strengthen its leadership in the nitrogen segment, by showing an increase in production and sales of key products.

URALCHEM

Moscow, Russia (April 24, 2014)

• Revenue decreased to 72.15 bln RUB, compared to 75.33 bln RUB in 2012.
• Operating profit amounted to 16.5 bln RUB, compared with 22.73 bln RUB in 2012.
• Adjusted EBITDA comprised 20.12 bln RUB, compared to 25.99 bln RUB in 2012.

URALCHEM, OJSC (hereinafter URALCHEM or the Company), the Russian holding company of the URALCHEM Group, one of the largest producers of nitrogen and phosphate fertilizers in Russia, announced its audited IFRS financial results for the year 2013.

Dmitry Konyaev, CEO of URALCHEM, OJSC, commented on the Company’s results for the year 2013, “2013 proved to be a difficult year for fertilizer manufacturers. The decline in world prices affected the financial results of all the major players in the industry and URALCHEM was no exception. Against the background of adverse market developments, we worked actively to improve the efficiency of business processes, to increase productivity, profitability and to reduce operating costs. We managed to strengthen our leadership in the nitrogen segment, by showing an increase in production and sales of key products. Thanks to its chosen strategy, URALCHEM has continued to maintain a leading position among Russian producers in terms of margins, with the EBITDA margin at 28% in 2013.”

Financial Results

Revenue for 2013 decreased by 4% to 72.15 bln RUB, compared to 73.33 bln RUB in 2012. Operating profit amounted to 16.5 bln RUB (23% of revenue) compared with the operating profit of 22.73 bln RUB (30% of revenue) in 2012.

Adjusted EBITDA reached 20.12 bln RUB, compared to 25.99 bln RUB in 2012, a decrease of 23%.

The adjusted EBITDA margin for 2013 comprised 28% of revenue, compared with 34% of revenue for 2012.

Markets

In 2013, the global fertilizer market was affected by a number of unfavourable factors. Among them were the reduction of fertilizer subsidies in India and the depreciation of regional currencies in the countries of South and Southeast Asia, the leading importers of mineral fertilizers. During the year Thai baht and Indian rupee lost 10% against the US dollar. On the Brazilian and Turkish markets (traditionally important for the Russian fertilizer exports), the real and the lira decreased by 15% and 19% against the US dollar, respectively. Restructuring of potash sales and a deficiency of natural gas for the nitrogen sector in Egypt, South-East and South Asia, and Latin America also added to the uncertainty.

As a result, continuing high demand for fertilizers under worsening general macroeconomic conditions was not supported by solvency of the major importers. This was reflected in falling prices of the major fertilizers and created the prerequisites for a general decline in prices in the short and medium terms. China’s increasing role as a supplier of fertilizers, coupled with the expectation that the country’s costs will remain stable (or even reduce slightly) will significantly constrain other producers’ opportunities to increase prices, even seasonally. The US move away from the import of nitrogen products to domestic production will increase competition in other regions and will also put additional pressure on prices.

The price of ammonia FOB Yuzhny Port during 2013 decreased from US $600 per tonne in January to US $385 to US $425 per tonne in December. The main factors influencing the negative trend in world prices for ammonia were: a drop in demand from Indian manufacturers of fertilizers, moderate demand from industrialized countries in Asia, the weakening of phosphate fertilizer market and lower prices for urea. During the same period, ammonia deficit increased in the countries of Southeast Asia, Europe and Latin America, which gave rise to the need for additional purchases of fertilizers from other regions. Also in 2013, industrial demand for ammonia remained high.

The price of urea FOB Yuzhny Port decreased by 24% during the reporting period to US $312 per tonne compared with US $408 per tonne in 2012. The most significant factor in the reduction in prices was the rise of China in the export markets, while the cost of production of urea in China significantly decreased due to the decrease in coal prices.

Steady growth of quotations of ammonium nitrate at the beginning of the year was replaced by a fall in mid-March. In late May prices stabilized, helped by repair works at plants in the CIS. By the end of the 2nd quarter, prices in the CIS received support from the industrial segment. Since the end of September, prices for ammonium nitrate started to restore due to the reduction of exports from Ukraine and the early-season purchases in the domestic markets of the CIS. During 2013 quotes for ammonium nitrate averaged $287 tonne, which was 6% lower than a year earlier (FOB Baltic).

In the phosphate fertilizers segment there was global decline in prices due to a lack of current demand. The main factor for the price reduction was a sharp drop in import demand in India due to the accumulation of significant reserves of phosphate and compound fertilizers in the country. Increased stocks were the result of low phosphorus usage in 2012 due to the drought that hit the country during the application season. Also, a significant reduction in imports was brought about by lower government subsidies and depreciation of the rupee against the dollar. At the same time, on the expectation of falling prices, importers in other regions adopted a policy of procurement to meet current needs only. The price of phosphate fertilizers on the basis of FOB Tampa averaged US $443 per tonne in 2013, which was 17.4 % lower than in 2012.

Financial Situation

Cash generated from operating activities in 2013 amounted to 14.47 bln RUB, compared to 20.63 bln RUB in 2012.

As at 31 December 2013, the Company’s net debt amounted to 148.997 bln RUB. The increased size of the debt is largely due to a loan of 126.27 bln RUB which the Company obtained from VTB Capital to finance the purchase of 19.99% of shares in OJSC “Uralkali” in December 2013.

The Company’s US dollar-denominated loan portfolio amounts to more than 140.89 bln RUB. The weighted average interest rate of the loan portfolio in dollars equals 3.7% annually.

For more information, please visit the Company web site http://www.uralchem.com or use the following contact information:

Public Relations Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.8 million tonnes of ammonia, 2.5 million tonnes of ammonium nitrate, 1.2 million tonnes of urea and 0.8 million tonnes of phosphate and compound fertilizers per year. URALCHEM, OJSC ranks first in Russia for production of ammonia and ammonium nitrate, and second for the production of urea. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM sets a record in Russia for the production of Ammonia

URALCHEM set an absolute record in 2013 for the highest output of ammonia in Russia, with the total output of 2.819 million tonnes. Compared with 2012, production grew by 1.3%. The market situation in the ammonia segment of the global fertilizer market allowed the company to steadily follow its general production strategy.

URALCHEM

Moscow, Russia (February 5, 2014) — URALCHEM set an absolute record in 2013 for the highest output of ammonia in Russia, with the total output of 2.819 million tonnes. Compared with 2012, production grew by 1.3%. The increased production was achieved through stable work of the units during the year, the implementation of projects to increase daily production at the units in the group’s enterprises in the Perm region and in Kirovo-Chepetsk, as well as through shortening repair down-time. The market situation in the ammonia segment of the global fertilizer market allowed the company to steadily follow its general production strategy.

URALCHEM’s production of major commodity products in 2013 comprised 6.039 million tonnes, 0.3% higher than a year earlier. Production of ammonium nitrate and its derivatives was 2.789 million tonnes, an increase by 7% compared to the same period last year. Monitoring the market situation, the company adjusted its production to the existing demand. Production of ammonia was decreased by 3% to 768 thousand tonnes. Urea production decreased by 2% to 1.138 million tonnes. Production of compound fertilizers decreased by 5%, to 581 thousand tonnes. Production of phosphate fertilizers (MAP / DAP) decreased by 13%, to 433 thousand tonnes.

Dmitry Konyaev, CEO of URALCHEM, OJSC, commented on the results, “In 2013 URALCHEM cemented its leadership of the nitrogen segment. It retained first place in Russia for the production of ammonia and ammonium nitrate, and the second in the production of urea. At the same time, an unfavourable situation for manufacturers in the global fertilizer market has reduced the output of certain products, primarily phosphorus fertilizers. In difficult market conditions, URALCHEM showed its significant margin of safety and ability to develop. In 2013, we successfully completed our largest logistics project when we opened a terminal in Riga for transhipment of bulk fertilizers with the capacity of up to 2 million tonnes per year. We signed an agreement on cooperation with the world’s top developer and licensor of urea processes, Stamicarbon. At the end of 2013 we acquired a 19.99 % stake in Uralkali, which we see as a strategic investment in one of the most profitable and promising sectors of the fertilizer market.”

For more information, please visit the Company web site http://www.uralchem.com or use the following contact information:

PR Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilisers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilisers in Russia. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM, OJSC Reports IFRS Financial Results for the First Nine Months of 2013

Despite the difficult market conditions, the company maintained its revenues at the level of 2012. Thanks to its chosen strategy, URALCHEM has continued to maintain a leading position in the industry in terms of margins, with the EBITDA margin at 32%.

URALCHEM

Moscow, Russia (December 11, 2013)

– Revenue increased to 56.26 bln RUB, compared to 55.96 bln RUB in the first nine months of 2012.
– Operating profit amounted to 14.63 bln RUB, compared with 17.09 bln RUB in the first nine months of 2012.
– Adjusted EBITDA comprised 17.32 bln RUB, compared to 19.55 bln RUB in the first nine months of 2012.

URALCHEM, OJSC (hereinafter URALCHEM Holding or the Company), the Russian holding company of the URALCHEM Group, one of the largest producers of nitrogen and phosphate fertilizers in Russia, announced its unaudited IFRS financial results for the first nine months of 2013*.

Dmitry Konyaev, CEO of URALCHEM, OJSC, commented on the Company’s results for the first nine months of 2013, “In the second half of 2013 the global market situation took a downward turn for fertilizer producers. Despite the difficult market conditions, URALCHEM maintained its revenues at the level of 2012. The Company is one of the leaders in the nitrogen segment in terms of output of ammonia per production unit. It is actively upgrading facilities, seeking to reduce costs and developing production of high-margin niche products. Thanks to its chosen strategy, URALCHEM has continued to maintain a leading position in terms of margins, with the EBITDA margin at 32%. The Company has maintained its financial stability together with its ability to develop strategic operations, as confirmed, among other things, by successive improvements of loan terms provided by banks.”

Financial Results

Revenue for the first nine months of 2013 grew to 56.26 bln RUB, compared to 55.96 bln RUB in the first nine months of 2012. Operating profit amounted 14.63 bln RUB, or 27% of revenue, compared with the operating profit of 17.09 bln RUB, or 32% of revenue, in the first nine months of 2012.

During the first nine months of 2013, adjusted EBITDA reached 17.32 bln RUB, compared to 19.78 bln RUB in the first nine months of 2012, a decrease of 12%.

The adjusted EBITDA margin for the first nine months of 2013 comprised 32% of revenue compared with 37% of revenue for the same period in 2012.

Markets

From the beginning of the year, there was a decrease in demand for ammonia from the industrial segment in East Asia and the producers of phosphate fertilizers in India and North Africa. Demand in the US decreased because of the late start of planting. Partially the market was offset by the decrease in production in Egypt, Trinidad and Saudi Arabia. Recovery began in early August. There was a decline in exports from Ukrainian enterprises, and on the other hand, lower prices provided for growing interest in procurement. Average quotes for ammonia in January-September 2013 amounted to $498 / ton, which is only 4% lower than in the same period in 2012 (FOB Yuzhny Port).

In early 2013, high seasonal demand in Europe and the United States, limited supply from Egypt, and low initial stock in the European market resulted in increased prices for urea. However, in mid-February, prices began to decline, reducing further until the end of the first half of the year. Importing countries were postponing purchases in anticipation of lower prices, while Chinese exporters were actively accumulating stock expecting the “export window”. In the 2nd quarter there was a decrease in production in regions with high costs, namely in Romania and Ukraine. Amid rising purchases from India, Turkey and Latin America, there was a short period of stabilization in June. However, after then, prices continued to decline because of massive Chinese exports. Average quotes for urea in January-September 2013 amounted to $339 / ton, which is 17% lower than in the same period a year earlier (FOB The Baltic Sea).

Steady growth in quotations for ammonium nitrate at the beginning of the year was replaced by a fall in mid-March. In late May, prices stabilized, helped by turnarounds at factories in the CIS. By the end of the 2nd quarter, prices in the CIS received support from the industrial segment. During January-September 2013 quotes for ammonium nitrate averaged $291 / ton, which is 4.6 % lower than a year earlier (FOB, The Baltic Sea). Starting from late September, prices for ammonium nitrate began to recover due to reduced exports from Ukraine, as well as to the beginning of the purchase season in the domestic market of the CIS.

In the phosphate fertilizers segment there was a global decline in prices due to a lack of current demand. The main reason came from India, where high levels of stock, reduction of state subsidies and depreciation of the rupee against the dollar led to a significant reduction in imports. Importers in other regions changed their procurement tactics to just satisfy the current demand, playing on the falling market. Average DAP/MAP quotes for the three quarters of 2013 fell by 14.7 % compared with the previous year, reaching $481 / ton (FOB, The Baltic Sea). Low market activity is expected until the end of the year and in the first quarter of 2014.

Financial Situation

Cash generated from operating activities in the first nine months of 2013 amounted to 13.14 bln RUB, compared to 14.71 bln RUB in the same period of 2012.

As at 30 September 2013, the Company’s net debt amounted to 23.531 bln RUB. The weighted average interest rate of the loan portfolio in the first nine months of 2013 equalled 4.5% annually compared to 5.8% annually during the same period in 2012.

For more information, please visit the Company web site http://www.uralchem.com or use the following contact information:

Public Relations Department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.2 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilizers and 0.5 million tonnes of urea. URALCHEM is the second largest ammonium nitrate producer in the world and number one in Russia. URALCHEM’s key production assets include Kirovo-Chepetsk Chemical Works, OJSC in Kirovo-Chepetsk, Kirov region; Azot, OJSC in Berezniki, Perm region; Voskresensk Mineral Fertilizers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM and Stamicarbon will develop a New Technology for Urea Production

URALCHEM signed a joint technology development agreement for the synthesis of urea with Stamicarbon, the world’s top developer and licensor of urea processes.

URALCHEM

Moscow, Russia (December 2, 2013) — URALCHEM, a leading Russian producer of nitrogen fertilizers, signed a joint technology development agreement for the synthesis of urea with Stamicarbon, the world’s top developer and licensor of urea processes.

The agreement should result in the creation of a new technology that will be available for commercial use globally. It is being built on both Stamicarbon’s intellectual property and URALCHEM’s research cooperation with the Moscow State University Department of Chemistry. URALCHEM has been working with the MSU Dept. of Chemistry on the concept of 100% CO2 conversion since 2008. The new technology will allow producing higher quality urea with less capital expenditure.

Within this joint project, URALCHEM will build, at its Perm Mineral Fertilizers site, a pilot unit designed by Stamicarbon, using the new technology. Subject to the positive evaluation of the pilot plant operations, Stamicarbon will proceed to the basic design of a commercial scale plant.

“This is one of those unique examples in modern Russian history in which a prominent western engineering company utilizes scientific findings of Russian fabricators and academic institutions”, noted Valeriy Lunin, Dean of the Moscow State University Department of Chemistry, member of the Russian Academy of Sciences.

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PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilisers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilizers in Russia. URALCHEM, OJSC is the world’s #2 and Russia’s leading ammonium nitrate producer.

Stamicarbon B.V., the licensing and IP Center of Maire Tecnimont, is the global market leader in licensing of urea technology and services with more than 50% market share in synthesis and 32% market share in urea granulation technology. Stamicarbon has more than 65 years’ experience in licensing its urea technology and services, delivering optimum environmental performance, safety, reliability and productivity at the lowest investment level. Over 260 urea plants are using its technology. In addition, it has completed over 90 revamp projects in Stamicarbon and non-Stamicarbon plants. Since 1947, Stamicarbon has been the world’s leading authority and innovator in the field of urea in close co-operation with research institutes, suppliers and customers. Stamicarbon has offices in Sittard (The Netherlands), Beijing (China) and Moscow (Russia).

The Chemistry Department of the Moscow State University is a world-known center for Chemistry education. Chemistry education at the University started from 1755, the year it was founded. The Department of Chemistry includes 17 university chairs, 83 laboratories. 1048 students and 283 postgraduates, that study at the Department. 11 Full members of the Russian Academy of Sciences, 4 corresponding members and 202 professors holding PhD and Doctoral Degrees in Chemistry are now preparing students to become high class specialists in modern Chemistry.

URALCHEM has obtained a Syndicated Loan

The URALCHEM group, a leading Russian producer of mineral fertilizers, has refinanced part of its loan portfolio by procuring a 5-year unsecured syndicated loan.

URALCHEM

Moscow, Russia (November 21, 2013) — The URALCHEM group, a leading Russian producer of mineral fertilizers, has refinanced part of its loan portfolio by procuring a 5-year unsecured syndicated loan. The proceeds of the loan have been used to refinance the current syndicated loan deal, concluded in December 2012, under which the Group used assignment of rights on its export contracts as security interest for the loan.

The syndicated loan was obtained on 18 November 2013 from a pool of leading international and Russian banks. Nordea Bank AB (publ), HSBC Bank PLC, Raiffeisenbank and and Rosbank (Société Générale Group) were Mandated Lead Arrangers. Within the framework of the deal, OJSC Nordea Bank acted as Documentation Agent and Nordea Bank AB (publ) acted as Facility Agent. The deal was closed within a very short time, only four weeks from the date of the official invitation to the banks.

The plant in Kirovo-Chepetsk acted as the borrowing party from the URALCHEM Group. URALCHEM OJSC, the plant in Voskresensk, the plant in Perm, SIA URALCHEM Trading in Riga and URALCHEM Trading House were the guarantors of the loan.

The amount of the loan in Euros is the equivalent of US $200 million. The interest rate is Euribor 3m + 2.5%. The loan documentation made provision for an option of a drawdown in Euros, which the company used. The loan period is 5 years with a grace period of 2 years. This was the debut unsecured syndicated loan for the Group, and it made it possible to release secured assets on the assignment of rights on export contracts. The new deal has allowed for reduction of the interest rate on the loan by more than 1.5%, as well as the increase of the average time frame for repayment of the loan.

Dmitry Konyaev, CEO of URALCHEM OJSC commented, “Our mutually beneficial cooperation with the leading banks that form the syndicate has been going on for years. The terms of the new deal and the efficiency of its closing show the high confidence that the banks have in the Group and the sustainability of its financial position. We are grateful to our creditors and appreciate our partnership with them.”

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
Email: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilisers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilisers in Russia. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM Manufactured 4.49 Million Tons of Products in January-September 2013

Production from all enterprises of the URALCHEM Group during the first nine months of 2013 amounted to 4.49 tons. This is a 2% increase compared with the same period last year.

URALCHEM

Moscow, Russia (October 31, 2013) — Production from all enterprises of the URALCHEM Group during the first nine months of 2013 amounted to 4.49 tons. This is a 2% increase compared with the same period last year.

The production of ammonium nitrate and its derivatives amounted to 2.03 million tons, up 7% over the same period last year. The output of complex fertilizers increased by 1%, to 468.4 thousand tons. The production of commodity ammonia decreased by 3%, to 562.6 thousand tons. Urea production decreased to 851.4 thousand tons, which is 1% less than in January-September 2012. Production of phosphate fertilizers (MAP / DAP) decreased by 5%, to 333.3 thousand tons.

“On the whole, URALCHEM’s enterprises showed stable performance, increasing production through the upgrade of its units and increasing their efficiency. URALCHEM took the market situation fully into account and continued to ramp up production in its key nitrogen segment, placing emphasis on the most popular products,” said Dmitry Konyaev, CEO of URALCHEM, OJSC.

In the third quarter of 2013, the situation in the global fertilizer market was unfavourable for producers. The market for phosphate fertilizers suffered an especially significant drop in demand and prices. At the same time, the situation in nitrogen market is more stable.

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PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilisers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilisers in Russia. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM Joins as New Member of International Plant Nutrition Institute

URALCHEM joined as a member company of the Inter-national Plant Nutrition Institute (IPNI) at the Board of IPNI Director’s Meeting held on September 24 in Montreal, Quebec, Canada.

URALCHEM

Moscow, Russia (September 27, 2013) — URALCHEM joined as a member company of the Inter-national Plant Nutrition Institute (IPNI) at the Board of IPNI Director’s Meeting held on September 24 in Montreal, Quebec, Canada. Mr. Dmitry Konyaev, CEO and Tatiana Rozarenova, Head of the Client and Regu-latory Relations Division were elected to represent URALCHEM as members of the Board.

“Our membership welcomes the decision of URALCHEM to join IPNI and we are honored and encouraged by this extension of our primary support base,” said IPNI President Dr. Terry L. Roberts. “The addition of new members directly impacts IPNI’s scientific and educational programs that are designed to contribute to the advancement of agronomic science, world food security and environmental protection.”

“URALCHEM is an innovative-minded company, investing actively in the R&D field. We are therefore pleased to become a member of a leading scientific organization that brings forward agro-chemical science. Combining our research efforts will improve efficient solutions for the responsible manufacturing, as well as for use of fertilizers in order to meet the growing global demand for agricultural products”, said Dmitry Konyaev.

IPNI membership is another good indication of the URALCHEM’s commitment to being a responsible producer, along with participation in International Responsible Care Programme, supervised by UNO, registering chemical substances with the European Chemicals Agency and getting certification with Fertiliser Industry Assurance Scheme (FIAS) in the UK.

The International Plant Nutrition Institute (IPNI) is a global organization dedicated to research and promotion of information about the importance of scientific use of fertilizers for plant nutrition. Members of IPNI are composed of companies that are large producers of one or more of the major plant nutrients. International and national associations of fertilizer manufacturers and leading global agrochemical research centres are affiliate members of IPNI.

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.uralchem.com

-Ends-

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilisers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilisers in Russia. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM Adds 300 Units to its Fleet of Rail Cars

URALCHEM OJSC is increasing by 300 its own fleet rail cars for the transportation of mineral fertilizers and liquid ammonia.

URALCHEM

Moscow, Russia (September 19, 2013) — URALCHEM OJSC is increasing by 300 its own fleet rail cars for the transportation of mineral fertilizers and liquid ammonia. URALCHEM-TRANS (part of the URALCHEM group) will operate the new cars, along with the rest of URALCHEM’s rolling stock. The cars will be acquired through capital lease agreements, with the participation RB Leasing, LLC. The transaction value exceeds 700 million roubles.

Of the 300 cars purchased, 200 mineral wagons and 100 tank cars are manufactured in Russia. All the cars will be transferred to URALCHEM-TRANS in September and October 2013 and will be used to replace an existing fleet that is being retired. Since the end of 2012, URALCHEM-TRANS’ rolling stock has increased by 500 new cars. Today, the total number of cars under the management of URALCHEM-TRANS is around 8.5 thousand units.

The Director of URALCHEM-TRANS, Vsevolod Kovshov commented: “The planned renovation and expansion of the fleet is one of our key areas of work to ensure the safety of the logistics of the company. The new deal allows us to increase the share of our own rolling stock in the fleet in accordance with the strategic objectives of the Group. The new rolling stock will be used to replace leased, obsolete and worn out cars.”

-Ends-

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilisers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilisers in Russia. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM HOLDING P.L.C. Reports IFRS Financial Results for the First Six Months of 2013

URALCHEM HOLDING P.L.C. (hereinafter URALCHEM Holding or the Company), a Cypriot holding company of the URALCHEM Group (hereinafter the Group), one of the largest producers of nitrogen and phosphate fertilizers in Russia, announced its unaudited IFRS financial results for the first six months of 2013.

URALCHEM

Moscow, Russia (August 19, 2013)

– Revenue increased to US $1,292 million, compared to US $1,261 million in H1 2012.
– Operating profit amounted to US $394 million, compared with US $410 million in H1 2012.
– Adjusted EBITDA comprised US $452 million, compared to US $462 million in H1 2012.
– Net profit amounted to US $253 million, compared with US $444 million in H1 2012*.

URALCHEM HOLDING P.L.C. (hereinafter URALCHEM Holding or the Company), a Cypriot holding company of the URALCHEM Group (hereinafter the Group), one of the largest producers of nitrogen and phosphate fertilizers in Russia, announced its unaudited IFRS financial results for the first six months of 2013.

Dmitry Konyaev, CEO of URALCHEM, OJSC (the Russian holding company of the Group), commented on the Company’s results in the first half of 2013, “The overall global market situation has been less favourable for fertilizer producers in 2013 compared to last year. This trend is very likely to continue in the second half of this year. Along with the continuing rise in the cost of raw materials, this situation creates conditions for the further decline in the financial performance of the leading manufacturers of mineral fertilizers. Thanks to its strategy, URALCHEM is continuing to hold a leading position in a number of financial and operational indicators. In the first half of 2013, URALCHEM maintained its sales volume at the level of the first half of 2012 and increased revenues by 2%. In addition, as a result of early repayment of loans to the amount of US $300 million we were able to reduce the Company’s debt to a record low of US $787 million, as well as to withdraw from collateral all of the Group’s property. Net debt currently amounts to US $676 million”.

Financial Results

Revenue for the first six months of 2013 grew to US $1,292 million, compared to US $1,261 million last year. Operating profit amounted to US $394 million, or 31% of the revenue, compared with the operating profit of US $410 million, or 32% of the revenue, in the first half of 2012. Net profit amounted to US $253 million, compared to US $444 million in the first six months of 2012.

During the first half of 2013, adjusted EBITDA reached US $452 million, compared to US $462 million in the first half of the year before, a decrease by 2%. The adjusted EBITDA margin for the first six months of 2013 comprised 35% of revenue compared with 37% of revenue for the same period in 2012.

The main difference in the dynamics of the net profit compared to the other results is due to the fact that the results in 2012 included the revaluation of the Company’s share in Minudobrenia, Perm.

Markets

During the first half of the year, the price of ammonia was declining. The main factor determining the price dynamics was the lack of demand in the agricultural and the industrial segments. Lower demand in the agricultural segment was due to the late start of the sowing season in the Northern Hemisphere. Lack of demand in the industrial segment was caused by reduced production of phosphate fertilizers in North Africa and India.

Urea prices showed significant growth in the beginning of the year due to active procurement in Europe and North America, which coincided with a limited supply of product from Egypt, forcing buyers to look for alternative sources. However, from mid-February to the end of June prices have been decreasing, mainly due to lack of demand. In Europe and the US slowdown in demand was attributed to the late start of the sowing season. Latin American importers were putting off purchases, monitoring the changes in the situation. Additional pressure on prices was created by the accumulation of large stocks of products at Chinese ports, in anticipation of the period of low export duties, which began on 1 July.

During January and February there was a steady growth of quotations for ammonium nitrate. In mid-March, due to the pressure from urea prices, the trend changed. By mid-May, prices for ammonium nitrate decreased by $100/t, compared with the maximum prices registered in the middle of the first quarter. At the end of May, prices stabilized with repair works carried out at that time at CIS plants being one of the factors that contributed to this stabilization. By the end of the second quarter, prices in the CIS were supported by the industrial segment.

Until the middle of the first quarter, global decline in prices for phosphate fertilizers continued due to the lack of current demand. The decrease of production by major suppliers together with increased demand in Latin America stabilized prices. At the same time, Latin America remained the single largest source of demand. Indian buyers refrained from transactions. Since the beginning of the second quarter the decline was caused by the reduction of subsidies in India, the delays of purchases in the US domestic market due to the weather conditions, devaluation of currencies of major importing countries, such as Brazil and India, and policy of procurements to the current needs adopted by importers in other regions lead to oversupply in market and decrease in prices.

Production and sales

Volume of production by the Group’s plants increased by 1%, sales of commercial products of the Group remained virtually unchanged.

Financial Situation

Cash generated from operating activities in the first half of 2013 amounted to US $320 million, compared to US $342 million in the same period of 2012.

As at 30 June 2013, the Company’s net debt amounted to US $676 million. The weighted average interest rate of the loan portfolio in the first six months of 2013 equalled 4.7% annually compared to 5.2% annually during the same period in 2012.

For more information, please visit the Company web site http://www.uralchem.com or use the following contact information:

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com

URALCHEM HOLDING P.L.C. is a holding company of the URALCHEM Group, which includes four fertilizer manufacturing facilities in Russia. URALCHEM Group is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.5 million tons of ammonium nitrate, 2.8 million tons of ammonia, 0.8 million tons of MAP and DAP, 0.8 million tons of complex fertilizers and 1.2 million tons of urea per year. URALCHEM Group is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilizers in Russia. URALCHEM Group’s key production assets include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilizers, OJSC in Voskresensk, Moscow region.

URALCHEM Increased Production in the First Half of 2013

Production from all enterprises in the URALCHEM group of companies amounted to 3.14 million tons in the first half of 2013. Output increased by 0.7% compared to the same period last year.

URALCHEM

Moscow, Russia (July 15, 2013) — Production from all enterprises in the URALCHEM group of companies amounted to 3.14 million tons in the first half of 2013. Output increased by 0.7% compared to the same period last year.

Production of ammonium nitrate reached 1.42 million tons, an increase by 1% over the same period last year. Ammonia production increased by 1% to 412 thousand tons. Urea production rose to 613.8 thousand tons, which is 2% more than in the first six months of 2012. Output of complex fertilizers (NPK) increased by 1% to 293.2 thousand tons. Production of phosphate fertilizers (MAP / DAP) decreased by 3% to 245.2 thousand tons.

Dmitry Konyaev, CEO of URALCHEM, OJSC, commented on the results for the first half of 2013, “As a result of ongoing projects to improve production efficiency, URALCHEM is continuing to increase output of its key nitrogen products, thereby maintaining a leading position among Russian manufacturers. During the period, the dynamics of phosphate fertilizer production reflected the overall situation on the global market for mineral fertilizers. The continuing low consumer activity in Asian countries, especially in India, has led to a global decline in the prices for phosphate fertilizers. URALCHEM’s wide range of products allows us to respond flexibly to changes in the market. The company continues to expand its product portfolio and has now entered a new niche, that of water-soluble fertilizers. These high-margin products are the fastest growing segment of today’s global market.”

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PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com
Web: http://www.uralchem.com

URALCHEM, OJSC is one of the largest producers of nitrogen and phosphate fertilisers in Russia and the CIS with production capacities of over 2.5 million tonnes of ammonium nitrate, 2.8 million tonnes of ammonia, 0.8 million tonnes of MAP and DAP, 0.8 million tonnes of complex fertilisers and 1.2 million tonnes of urea. URALCHEM, OJSC is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilisers in Russia. Key production assets of URALCHEM, OJSC include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilisers, OJSC in Voskresensk, Moscow region.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of URALCHEM. We wish to caution you that these statements are only predictions. We do not intend to update these statements and our actual results may differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, financial risk management and the impact of general business and global economic conditions.

URALCHEM HOLDING P.L.C. Reports IFRS Financial Results for the First Quarter of 2013

URALCHEM

URALCHEM HOLDING P.L.C., a Cypriot holding company of the URALCHEM Group, one of the largest producers of nitrogen and phosphate fertilizers in Russia, announced its unaudited IFRS financial results for the first quarter of 2013.

Moscow, Russia (May 29, 2013)

– Revenue increased to US $683 million, compared to US $673 million in Q1 2012.
– Operating profit increased to US $220 million, compared with US $178 million in Q1 2012.
– Adjusted EBITDA grew to US $250 million, compared to US $207 million in Q1 2012.
– Net profit amounted to US $161 million, compared with US $354 million in Q1 2012*.

URALCHEM HOLDING P.L.C. (hereinafter URALCHEM Holding or the Company), a Cypriot holding company of the URALCHEM Group (hereinafter the Group), one of the largest producers of nitrogen and phosphate fertilizers in Russia, announced its unaudited IFRS financial results for the first quarter of 2013.

Dmitry Konyaev, CEO of URALCHEM, OJSC (the Russian holding company of the Group), commented on the results, “In the first quarter of this year, URALCHEM increased its revenues and the adjusted EBITDA grew substantially. This shows how effectively the Company is working. URALCHEM is still focusing on production of high-margin products demanded by the market. The first three months of 2013 showed the sort of results which we had anticipated. This is a positive testament to our strategy of strengthening our position in the nitrogen segment.”

Financial Results

Revenue for the first quarter of 2013 grew to US $683 million, compared to US $673 million in the first quarter of last year. Operating profit amounted to US $220 million, or 32% of the revenue, compared with the operating profit of US $178 million, or 26% of the revenue, in the first quarter of 2012. Net profit for the first quarter of 2013 amounted to US $161 million, compared to US $354 million in the first quarter of 2012.

During the first quarter of 2013, adjusted EBITDA reached US $250 million, compared to US $207 million the year before, a rise of 19%. The adjusted EBITDA margin for the first quarter of 2013 comprised 37% of revenue compared with 31% of revenue for the first quarter of 2012.

Revenue, EBITDA margin and adjusted EBITDA increased during the first quarter of 2013 as compared to the same period in 2012. The difference in the net profit is due to revaluation of the Company’s share in Minudobrenia, Perm carried out in 2012 and foreign exchange differences that showed opposite dynamics in 2013.

Markets

Ammonia
During the quarter, the price of ammonia was slowly declining. The main factor determining the price dynamics was the lack of demand in both the agricultural and the industrial segments. Reduced production of phosphate fertilizers in North Africa and India resulted in lower demand for ammonia in these regions. US demand for ammonia for direct application was satisfied by supplies from Trinidad and from domestic market. The growth of the industrial segment in East Asia appeared to be insufficient to cover spot volumes and the demand was met by contract supplies. Ammonia production in Egypt decreased due to the limitations of gas supplies for nitrogen production, but at the same time, capacities utilization in Trinidad increased to 90%.

Urea
At the beginning of the quarter prices for urea increased rapidly. Quotes for prilled urea in the Black Sea ports showed growth from $375/t FOB in early January to $445/t FOB in mid-February. In the Baltic, the corresponding figures were at $360/t FOB and $430/t FOB. The most significant factor that determined the dynamics of prices at the beginning of the first quarter was the shift of the market balance towards demand.

On the one hand, the early part of the year is traditionally a period of high demand from Europe and the USA, and European importers had low stocks at the start of the purchasing season. On the other hand, restrictions on the supply of gas to nitrogen production facilities in Egypt at the beginning of the year led to a substantial reduction in export supply.

Shortages of supply of Egyptian urea increased the interest of European buyers in products from other countries, including the supply of prilled urea from the CIS. However, from mid-February, there was a reduction in prices, which continued until the end of the quarter. In the ports of CIS, price reduction was associated with the sale of long positions by traders. A decline in prices for ammonium nitrate in Europe produced additional pressure on the price of urea.

Prices continued to decline in March due to lower demand in the US and Europe, caused by the delay in fertilizer application due to adverse weather conditions. Latin American importers, the biggest buyers of Russian urea, switched to purchasing for current needs, focusing on the dynamics of prices. Toward the end of March, supply increased in the Ukrainian ports in connection with the completion of the season in that area.

Ammonium nitrate
Quotes for ammonium nitrate generally followed the trends in the price of urea. During January and February there was a steady growth in the quotations for the product at the ports of the CIS because of the shortage of the product available for export, due to supplies being allocated for domestic use. In mid-March the trend changed markedly due to lower domestic demand.

Phosphate fertilizers
Until mid-February, global decline in prices continued due to the lack of current demand. In February, major suppliers decreased production, which made it possible to stabilize prices. Then, due to increased demand in Latin America, prices started to restore. By the end of March, indicators of export prices in Tampa rose to $515/t FOB against the lowest prices of $465/t – $475/t FOB. Still, Latin America remained the single largest source of demand. Indian buyers refrained from transactions; closed tenders were held, mostly to test price expectations.

Production and sales

In the first quarter of 2013 the fertilizer market was stable and the Group’s products enjoyed strong demand. Volume of production by the Group’s enterprises remained at the level of the first quarter of last year. A significant portion of production output was sold in April 2013 due to adverse weather conditions and late start of the sowing season.

Financial Situation

Cash generated from operating activities in the first quarter of 2013 amounted to US $168 million, compared to US $174 million in the first quarter of 2012.

As at 31 March 2013, the Company’s net debt amounted to US $801 million. The weighted average interest rate of the loan portfolio in the first quarter of 2013 equalled 4.6% annually compared to 5.8% annually during the same period last year.

-Ends-

For more information, please visit the Company web site http://www.uralchem.com or use the following contact information:

PR department
URALCHEM, OJSC
Tel: +7 (495) 721 89 89
E-Mail: pr@uralchem.com

URALCHEM HOLDING P.L.C. is a holding company of the URALCHEM Group, which includes four fertilizer manufacturing facilities in Russia. URALCHEM Group is one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS with production capacities of over 2.5 million tons of ammonium nitrate, 2.8 million tons of ammonia, 0.8 million tons of MAP and DAP, 0.8 million tons of complex fertilizers and 1.2 million tons of urea per year. URALCHEM Group is the second largest ammonium nitrate producer in the world and number one in Russia, the second largest producer of nitrogen fertilizers in Russia. URALCHEM Group’s key production assets include Azot Branch of URALCHEM, OJSC in Berezniki, Perm Region; OJSC Minudobrenia, Perm; MFP Kirovo-Chepetsk Chemical Works, OJSC Branch in Kirovo-Chepetsk, Kirov region; Voskresensk Mineral Fertilizers, OJSC in Voskresensk, Moscow region.