URALCHEM announces the results of the Extraordinary General Shareholders Meeting of Voskresensk Mineral fertilizers

Moscow, Russia – September 5, 2008 – URALCHEM, OJSC, (“the Company” or “URALCHEM”), one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS, today announced the results of the Extraordinary General Meeting of Shareholders (EGM) of Voskresensk Mineral Fertilizers, OJSC held on September 5, 2008 .

The shareholders approved the following decisions:

·  to terminate early the powers of the members of the Board of Directors
·  to terminate early the powers of the members of the Audit Commission
·  to approve a new version of the Regulations on the Board of Directors
·  to approve BDO Yunikon, CJSC as the Company’s auditor for 2008.

The shareholders elected the following members of the Board of Directors of Voskresensk Mineral Fertilizers, OJSC:  

1. Akhmet M. Alimkhanov;
2.  Anton V. Vishanenko;
3.  Maksim V. Volkov;
4.  Mikhail V. Genkin;
5.  Dmitry V. Osipov;
6.  Vitaly V. Saraev;
7.  Alexander I. Sukimskiy;
8.  Dimitry V. Tatyanin;
9.  Marina Y. Trusova.

Furthermore, the shareholders elected the following members of the Audit Commission of Voskresensk Mineral Fertilizers, OJSC:

1.      Elena V. Kryukova;
2.      Sergey Y. Tsykin;
3.      Sergey V. Chernykh.