PRESS-RELEASE

URALCHEM announces loan restructuring agreement with Sberbank

Moscow, Russia – 16 November, 2009 - URALCHEM, OJSC, (“the Company” or “URALCHEM”), one of the largest producers of nitrogen and phosphate fertilizers in Russia and the CIS, today announced that it has reached agreement with Sberbank for the restructuring of loans originally due for repayment during the period of 2010-2012, altogether totaling $867.5 million.

According to the loan restructuring agreement reached between Sberbank and the company, the terms of repayment will be postponed from 2010 until 2011-2013 on two credit line agreements and interest rates will be lowered from 11.5% to 9% on a US dollar-denominated loan.

This debt restructuring was undertaken as part of a wider initiative to optimize the Company’s debt financing terms. The arrangement with Sberbank is a significant step in the process of bringing the Company’s loan debts to a more comfortable level.

Anton Vishanenko, Chief Financial Officer of URALCHEM, OJSC commented: “The agreement we’ve reached with Sberbank is a testament of their confidence in the ongoing development of the mineral fertilizer sector, as well as in the robustness of URALCHEM’s investment programme, production efficiency and growth prospects. We are confident that fruitful and mutually-beneficial partnership with banks and lenders will continue well into the future”.

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.