PRESS-RELEASE

URALCHEM, OJSC announces strong operating results for the first half of 2010

Moscow, Russia – 30 July 2010 – URALCHEM, OJSC (further “the Company”) today announced operating results for the first half of 2010. Total production volumes at the Company’s plants in the first 6 months of 2010 amounted to 2.5 million tonnes of finished products, exceeding production levels for the same period of 2009 by 13%. Production of ammonium nitrate and derivatives rose by 7%, ammonia by 85% and phosphate fertilizers by 257%. The Company achieved such positive results on account of the recovery of the global phosphate fertilizer market, growth in demand in both Russia and abroad, and thanks to the flexible production model at its plants.

URALCHEM operating results for the first half of 2010 and 2009:

Dmitry Osipov, Chief Executive Officer of URALCHEM, OJSC, commented on the operating results of for the first half of 2010: “All of URALCHEM’s plants are presently running at full utilization rates. Thanks to our flexible production model, we are able to easily adapt our production plans based on current market pricing conditions and manufacture precisely those fertilizers that our requested by our customers, thus capturing additional margin. Our goal for 2010 is to increase mineral fertilizer production volumes by 9% to 4.8 million tonnes. The successful operating results for the first half of 2010 show that we indeed are capable of achieving this target”.

Public Relations Department
URALCHEM, OJSC
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 2.5 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.