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”.