Moscow, Russia – February 02, 2012. URALCHEM OJSC announces operating results for the year 2011. The production volume of URALCHEM holding enterprises during 2011 increased by 5% compared to 2010, amounting to a total of 5,093 million tonnes. The production of ammonium nitrate increased by 6%. Due to market conditions, the production of DAP was reduced in favour of increasing the production of more marketable MAP, the output of which increased by 31%. The production of other types of fertilisers grew by 82% due to the increase of sales of new fertiliser products and the start of their export sales. The production of other chemicals grew by 22% due to the increase in domestic sales of sulphuric and nitric acid, as well as the increase in sales of the products by the nitrite-nitrate salt division at the Azot Branch.

Comparative production figures of the URALCHEM holding companies (tonnes):

Dmitry Konyaev, CEO of URALCHEM, OJSC commented on the operating results for the year 2011: “In 2011, the production volume of URALCHEM enterprises exceeded 5 million tonnes for the first time. With the purchase of Perm Mineral Fertilizers, JSC the company will strengthen its position in the nitrogen market and will become the second largest producer of urea in Russia.”