URALCHEM announces the results of the Extraordinary General Shareholders Meeting

Moscow, Russia – 27 October, 2009 – URALCHEM, OJSC, (“the Company” or “URALCHEM”), one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS, today announced the decisions taken at the Extraordinary General Shareholders Meeting on 27 October, 2009.

The shareholders resolved to terminate early the powers of the Board of Directors of URALCHEM and elected the following new members:

1.        John Van Brunt, Independent Non-Executive Director;
2.        Anton V. Vishanenko, Chief Financial Officer of URALCHEM;
3.        Mikhail V. Genkin, Business Development Director of URALCHEM;
4.        Dmitry V. Konyaev, Commercial Director of URALCHEM;
5.        Dmitry A. Mazepin, Member of the Board of Directors of URALCHEM;
6.        Yuliya E. Orlovskaya, Adviser to Chairman of the Board of Directors of URALCHEM;
7.        Dmitry V. Osipov, Chief Executive Officer of URALCHEM;
8.        Paul J. Ostling, Independent Non-Executive Director;
9.        Dmitry V. Tatyanin, Legal Director of URALCHEM.