PRESS-RELEASE

URALCHEM announces SIA “Riga fertilizer terminal” joint venture

Moscow, Russia – 16 November, 2009 — URALCHEM, OJSC, (“URALCHEM”), one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS, today announced the establishment of the joint venture SIA “Riga fertilizer terminal” between its subsidiary “URALCHEM FREIGHT LIMITED” and SIA “Rigas tirdzniecibas osta”.

The joint venture was established in order to construct a dry bulk fertilizer terminal in the port of Riga. Engineering drafting of the terminal’s loading complex has already begun. The terminal is intended to be fully operational in 15 month’s time, with annual shipment capacities of 2 million tonnes.

Dmitry Osipov, Chief Executive Officer of URALCHEM, OJSC commented: “The SIA “Riga fertilizer terminal” joint venture and the consequent opening of our own bulk fertilizer shipment terminal will allow URALCHEM to secure guaranteed shipment volumes of our products, destined for the company’s key target export markets”.

Public Relations Department
URALCHEM
tel. +7 (495) 721 89 89
pr@uralchem.com
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 2.7 million tonnes of ammonium nitrate, 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.