QUARTERLY REPORT Open Joint-Stock Company Uralkali for the ...

QUARTERLY REPORT 

Open Joint-Stock Company Uralkali 

Issuer's code: 00296-A 

for the 3 rd quarter of 2012 

Issuer's principal place of business: 63 Pyatiletki, Berezniki, Perm Region, 618426 Russia 

The information contained in this quarterly report is subject to disclosure pursuant to 

securities laws of the Russian Federation 

General Director 

Date: November 14, 2012 

Chief accountant 

Date: November 14, 2012 

Contact person: Georgiy Mikhailovich Basilashvili, Corporate Governance Head Specialist 

Telephone: (3424) 29-69-39 

Fax: (3424) 29-62-66 

Email: Georgiy.Basilashvili@uralkali.com 

URL for disclosure of information contained in this quarterly report: Http://www.uralkali.com; 

http://www.edisclosure.ru/portal/company.aspx?id=1233 

V.A. Baumgertner 

signature 

S.G. Zotova 

signature 

1

Table of Contents 

Introduction ............................................................................................................................................................. 5 

I. Brief Information on members of Issuer’s governing bodies, information on Issuer’s bank accounts, auditor, 

appraiser, financial consultant, and other signatories of the Quarterly Report ....................................................... 6 

1.1. Members of Issuer's management bodies ..................................................................................................... 6 

1.2. Information about Issuer's bank accounts .................................................................................................... 6 

1.3. Information about Issuer's auditor(s) ............................................................................................................ 9 

1.4. Information about Issuer's appraiser .......................................................................................................... 13 

1.5. Information about Issuer's consultants ....................................................................................................... 13 

1.6. Information about other quarterly report signatories .................................................................................. 13 

II. Main Information about Issuer’s Financial & Economic Situation .................................................................. 13 

2.1. Indexes of Issuer's financial and economic activity ................................................................................... 13 

2.2. Issuer's market capitalization ..................................................................................................................... 14 

2.3. Issuer's liabilities ........................................................................................................................................ 14 

2.3.1. Borrowed assets and accounts payable ................................................................................................... 14 

2.3.2. Issuer's credit history ............................................................................................................................... 18 

2.3.3. Issuer's liabilities out of collateral to third parties ................................................................................... 25 

2.3.4. Other liabilities of the Issuer ................................................................................................................... 26 

2.4. Risks of acquisition of issued securities already placed/being placed ....................................................... 27 

2.4.1. Sector risks .............................................................................................................................................. 27 

2.4.2. Country and Regional Risks .................................................................................................................... 30 

2.4.3. Financial risks ......................................................................................................................................... 32 

2.4.4. Legal risks ............................................................................................................................................... 33 

2.4.5. Risks associated with the Issuer’s activities ............................................................................................ 36 

III. Detailed Information about the Issuer ............................................................................................................. 37 

3.1. History of creation and development the Issuer ......................................................................................... 37 

3.1.1. Information about the company name (name) of the Issuer .................................................................... 37 

3.1.2. Information about the Issuer's state registration ...................................................................................... 40 

3.1.3. Information about the Issuer’s Establishment and Development ............................................................ 41 

3.1.4. Contact information ................................................................................................................................ 42 

3.1.5. Identification number of the taxpayer ..................................................................................................... 42 

3.1.6. The Issuer’s Subsidiaries and Representations........................................................................................ 42 

3.2. The Issuer’s main economic activity .......................................................................................................... 42 

3.2.1. The Issuer’s sector appurtenance ............................................................................................................ 42 

3.2.2. The Issuer’s main economic activity ....................................................................................................... 43 

3.2.3. The Issuer’s materials, goods (raw stock) and suppliers ......................................................................... 44 

3.2.4. The Issuer's products (works, services) sales markets ............................................................................. 46 

3.2.5. Information on whether the Issuer has permits (licenses) or admissions to certain types of works ........ 47 

3.2.6. Information on activities of separate categories of issuers of issuance securities ................................... 62 

3.2.7. Additional information on issuers, the core business of which is production of minerals ...................... 62 

3.2.8. Additional requirements to issuers, the core business of which is provision of communication services80 

3.3. The plans for the Issuer's future activities .................................................................................................. 80 

3.4. The Issuer’s participation in banking groups, banking holdings, holdings and associations ..................... 80 

3.5. The Issuer's subordinate organizations that are of material importance to it ............................................. 81 

3.6. Composition, structure and value of the Issuer’s fixed assets, information about the plans for acquisition, 

substitution and disposal of the fixed assets, and on all the events of encumbrance on the Issuer’s fixed 

assets ............................................................................................................................................................... 101 

3.6.1. Fixed assets ........................................................................................................................................... 101 

IV. Information about the Issuer’s Financial and Economic Activity ................................................................. 111 

2

4.1. Results of the Issuer’s financial and economic activity ........................................................................... 111 

4.2. The Issuer’s liquidity and sufficiency of capital and circulating assets ................................................... 113 

4.3. The Issuer’s financial investments ........................................................................................................... 114 

4.4. The Issuer’s intangible assets ................................................................................................................... 116 

4.5. Information about the Issuer’s policy and expenses in the domain of scientific and technological 

development, in relation to licenses and patents, new developments and research ......................................... 117 

4.6. Analysis of the development trends in the domain of the Issuer’s main activity ..................................... 117 

4.6.1. Analysis of the factors and conditions affecting the Issuer’s activity ................................................... 117 

4.6.2. The Issuer’s competitors ....................................................................................................................... 118 

V. Detailed Information about the members of the Issuer’s management bodies, of the Issuer’s bodies in control 

of financial and economic activity, and brief information about the Issuer’s personnel (workers) .................... 119 

5.1. Information about the structure and competence of the Issuer’s management bodies ............................. 119 

5.2. Information about the members of the Issuer's management bodies ........................................................ 122 

5.2.1. Composition of the Board of Directors (Supervisory Board) of the Issuer ........................................... 122 

5.2.2. Information about the Sole Executive Body of the Issuer ..................................................................... 131 

5.2.3. Composition of the Collegial Executive Body of the Issuer ................................................................. 133 

5.3. Information about the amount of remuneration, benefits and/or expenses compensation related to each 

management body of the Issuer ....................................................................................................................... 145 

5.4. Information about the structure and competence of the bodies in control of the Issuer's financial and 

economic activity ............................................................................................................................................ 146 

5.5. Information about the persons who are members of the bodies in control of the Issuer’s financial and 

economic activity ............................................................................................................................................ 149 

5.6. Information about remuneration, and/or compensation of expenses for the body the Issuer’s controlling 

financial and economic activity ...................................................................................................................... 154 

5.7. Information about the number and general data on the Issuer’s staff (employees) as well as changing 

number of the Issuer’s staff (employees) ........................................................................................................ 155 

5.8. Information about any Issuer’s obligations to its employees relating to the opportunities of their 

participation in the Issuer’s authorized (share) capital (share fund) ............................................................... 155 

VI. Information about the Issuer’s members (shareholders) and interested party transactions made 

by the Issuer ........................................................................................................................................................ 155 

6.1. Information about the total number of the Issuer’s shareholders (members) ........................................... 155 

6.2. Information about the Issuer’s members (shareholders) owning more than 5 percent of their charter 

(share) capital (share fund) or more than 5 percent of their ordinary shares as well as information about 

controlling entities of such members (shareholders) owning more than 20 percent of their charter (share) 

capital (share fund) or not less than 20 percent of their ordinary shares ......................................................... 155 

6.3. Information about the participatory interest of the state or a municipal entity in the charter (share) capital 

(share fund) of the Issuer, special right ("golden share") availability ............................................................. 158 

6.4. Information about the limitations of the interest in the charter (share) capital (share fund) of the Issuer 158 

6.5. Information about the changes to the structure and size of the interest of the Issuer's shareholders 

(member), holding no less than 5 percent of its charter (share) capital (share fund) or no less than 5 percent of 

its ordinary shares ........................................................................................................................................... 158 

6.6. Information about interested party transactions concluded by the Issuer ................................................. 161 

6.7. Information about the amounts of accounts receivable ............................................................................ 162 

VII. Accounting (financial) statements and other financial information of the Issuer ........................................ 163 

7.1. Annual accounting (financial) statements of the Issuer............................................................................ 163 

7.2. Quarterly accounting (financial) statements of the Issuer ........................................................................ 163 

7.3. Consolidated accounting (financial) statements of the Issuer .................................................................. 167 

7.4. Information about the Issuer’s accounting policies .................................................................................. 167 

7.5. Information about the total export amount and about the share of the export in the total sales ............... 167 

7.6. Information about significant changes occurred in the structure of the Issuer’s property after the end date 

of the last full fiscal year ................................................................................................................................. 167 

7.7. Information about the Issuer’s participation at court proceedings in case if such participation may have a 

significant impact on the Issuer’s financial and economic activity ................................................................. 167 

VIII. Supplementary information about the Issuer and on the issuable securities placed by the Issuer .............. 168 

8.1. Supplementary information about the Issuer ............................................................................................ 168 

8.1.1. Information about the amount and structure of the Issuer’s authorized (share) capital (unit fund)....... 168 

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8.1.2. Information about the modification of amount of the Issuer’s authorized (share) capital (unit fund) ... 169 

8.1.3. Information about the order of convening and holding the meeting (session) of the Issuer’s highest 

management body ........................................................................................................................................... 170 

8.1.4. Information about commercial organizations with Issuer holding at least 5 per cent of authorized 

(pooled) capital (of share fund) or at least 5 per cent of ordinary stocks ........................................................ 172 

8.1.5. Information about major transactions made by the Issuer ..................................................................... 180 

8.1.6. Information about Issuer rating ............................................................................................................. 180 

8.2. Information about each class (type) of Issuer’s shares ............................................................................. 181 

8.3. Information about previous issues of Issuer’s equity securities, except for Issuer’s shares ..................... 183 

8.3.1. Information about issues of securities repaid ........................................................................................ 183 

8.3.2. Information about issues of securities not repaid .................................................................................. 183 

8.4. Information on entity (entities) provided security for the Issuer's bonds with security as well as on 

conditions of securing execution of commitments under bonds of the Issuer with security ........................... 183 

8.4.1. Conditions for provision of fulfillment of obligations related to the bonds with mortgage covering ... 183 

8.5. Information about the organizations in charge of accounting of rights in the Issuer’s issuable securities 183 

8.6. Information about the legal acts that govern the matters of capital import and export and that can affect 

the payment of dividends, interest, and other amounts to non-residents ......................................................... 184 

8.7. Description of the procedure of taxation of return received from the Issuer’s issuable securities that are 

placed and under placement ............................................................................................................................ 185 

8.8. Information about dividends declared (accrued) and paid on the Issuer’s shares, and about the yield on the 

Issuer’s bonds .................................................................................................................................................. 190 

8.8.1. Information on declared and paid dividends for shares of the Issuer .................................................... 190 

8.8.2. Information on the accrued and/or paid income for securities of the issuer .......................................... 194 

8.9. Other information ..................................................................................................................................... 195 

8.10. Information about the securities presented and about the Issuer of the securities presented, the title in 

which is certified by Russian depositary receipts ........................................................................................... 195 

Attachment 1 to the Quarterly report of OJSC Uralkali for the 3 rd quarter of 2012. 

4

Introduction 

Grounds for creation of Issuer's obligation to disclose information in form of a quarterly report 

Issuer's Prospectus has been registered. 

Issuer is a joint-stock company established in the process of privatization of state and/or municipal 

enterprises (their subsidiaries), and in accordance with the privatization plan properly approved that was the 

Issuer's prospectus as of the approval date, Issuer's shares may be sold to 500 or more purchasers. 

Issuer's stock bonds have been admitted to trading on the stock exchange. 

This quarterly report contains assessments and forecasts by Issuer's authorized management bodies as to future 

events and/or steps, prospects for development of Issuer's industry branch, and Issuer's activity results, including 

Issuer's plans, probability of certain events and steps. Investors should not rely entirely on assessments and 

forecasts of the Issuer's management bodies as the Issuer's operating results may differ from the forecasts in the 

future for many reasons. Acquisition of Issuer's securities is associated with risks described in this quarterly 

report. 

5

I. Brief Information on members of Issuer’s governing bodies, information 

on Issuer’s bank accounts, auditor, appraiser, financial consultant, and 

other signatories of the Quarterly Report 

1.1. Members of Issuer's management bodies 

Composition of the Board of Directors (Supervisory Board) of the Issuer 

Full name Year of birth 

Voloshin Alexander Stalyevich (Chairman) 1956 

Averin Anton Borisovich 1973 

Mosionzhik Alexander Ilyich 1961 

Malakh Alexander Efimovich 1964 

Kolonchina Anna Alekseevna 1972 

Sage Gordon Holden 1947 

Baumgertner Vladislav Arturovich 1972 

Sir Robert John Margetts 1946 

Paul James Ostling 1948 

Issuer's sole executive body 


Baumgertner Vladislav Arturovich 1972 

Composition of the Collegial Executive Body of the Issuer 


Baumgertner Vladislav Arturovich (Chairman) 1972 

Babinskiy Alexander Yuryevich 1964 

Bezzubov Vladimir Alexandrovich 1974 

Belyakov Viktor Nikolayevich 1973 

Serebrennikov Boris Vladimirovich 1948 

Kotlyar Evgeniy Konstantinovich 1958 

Motovilov Andrey Vladimirovich 1966 

Petrov Oleg Borisovich 1963 

Samsonova Elena Yuryevna 1976 

Seleznev Stanislav Sergeevich 1972 

Sabirov Ildar Rizaevich 1959 

Shvetsova Marina Vladimirovna 1972 

1.2. Information about Issuer's bank accounts 

Information about credit institution 

Full corporate name: Open Joint-Stock Company Commercial Bank Urals Financial House, Bereznikovsky 

Supplementary Office 

6

Abbreviated corporate name: JSC JSCB Urals FH, Perm, Bereznikovsky SO 

Location: 618400, Perm Region, Berezniki, 48 Pyatiletki st. 

INN (Tax ID): 5902300072 

BIC: 045773790 

Account number: 40702810000030000012 

Correspondent account number 30101810800000000790 

Account type: current 


Full corporate name: Open Joint-Stock Company Savings Bank of Russia, Berezniki branch No. 8405 

Abbreviated corporate name: JSC Savings Bank of Russia, Berezniki branch No. 8405 

Location: 618425, Perm Region, Berezniki, 127 Yubileynaya st. 

INN (Tax ID): 7707083893 

BIC: 045773603 





Full corporate name: Open Joint-Stock Company Savings Bank of Russia, Solikamsk branch No. 4929 

Abbreviated corporate name: JSC Savings Bank of Russia, Solikamsk branch No. 4929 

Location: 618551, Perm Region, Solikamsk, 130 Kaliynaya st. 

INN (Tax ID): 7707083893 

BIC: 045773603 



Account type: foreign currency 


Full corporate name: Joint-Stock Commercial Bank "Bank of Moscow" (Open Joint-Stock Company), 

Berezniki Branch 

Abbreviated corporate name: JSC Bank of Moscow, Berezniki Branch 

Location: 618417, Perm Region, Berezniki, 5 Sovetskaya Square 

INN (Tax ID): 7702000406 

BIC: 045766858 





Full corporate name: Closed Joint-Stock Company Raiffeisenbank, Perm Branch 

Abbreviated corporate name: JSC Raiffeisenbank, Perm Branch 

Location: 614045, Perm, 

INN (Tax ID): 7744000302 

BIC: 045773882 




7


Full corporate name: Subsidiary of "VTB Bank" (open joint-stock company) in the town of Perm 

Abbreviated corporate name: Subsidiary of JSC VTB Bank, Perm 

Location: 614000, Perm, 54 Lunacharskogo st. 

INN (Tax ID): 7702070139 

BIC: 045773844 





Full corporate name: Moscow subsidiary of the Joint-stock commercial bank "ROSBANK" (open joint-stock 

company) 

Abbreviated corporate name: Moscow subsidiary of OJSC "AKB "ROSBANK" 

Location: 125445, Moscow, 22 Smolnaya st., bldg. 1 

INN (Tax ID): 7730060164 

BIC: 044552272 





Full corporate name: Open Joint-Stock Company Perm Joint-Stock Ecoindustrial Commercial Bank 

ECOPROMBANK 

Abbreviated corporate name: JSC JSCB ECOPROMBANK 

Location: 614045, Perm, 120 Ekaterininskaya st. 

INN (Tax ID): 5904002762 

BIC: 045773707 





Full corporate name: Closed Joint-Stock Company UniCredit Bank 

Abbreviated corporate name: CJSC UniCredit Bank 

Location: 109034, Moscow, 9 Prechistinskaya Embankment 

INN (Tax ID): 7710030411 

BIC: 044525545 





Full corporate name: ING BANK (EURASIA), CJSC (Closed Joint Stock Company) 

Abbreviated corporate name: ING BANK (EURASIA), CJSC 

Location: 127473, Moscow, 36 Krasnoproletarskaya 

INN (Tax ID): 7712014310 

BIC: 044525222 



8



Full corporate name: Open Joint-Stock Company NOMOS-BANK, Perm branch 

Abbreviated corporate name: Perm subsidiary of "NOMOS-BANK" (OJSC) 

Location: 614000, Perm Region, Perm, 27 Okulova st. 

INN (Tax ID): 7706092528 

BIC: 045773885 





Full corporate name: Open Joint-Stock Company "Nordea Bank" 

Abbreviated corporate name: OJSC "Nordea Bank" 

Location: 125040, Moscow, 19 Tretya ul. Yamskogo Polya, bldg. 1 

INN (Tax ID): 7744000398 

BIC: 044583990 





Full corporate name: Closed joint-stock company "Sumitomo Mitsui Rus Bank" 

Abbreviated corporate name: CJSC "Sumitomo Mitsui Rus Bank" 

Location: 123317, Moscow 

INN (Tax ID): 7750005450 

BIC: 044525470 





Full corporate name: Closed Joint-Stock Company "Natixis Bank" 

Abbreviated corporate name: "Natixis Bank (CJSC)" 

Location: 125047, Moscow, 23/1 Pervaya Tverskaya-Yamskaya st., entry 2 

INN (Tax ID): 7744001810 

BIC: 044525512 




1.3. Information about Issuer's auditor(s) 

Information about the auditor (auditors) realizing independent check of accounting (financial) reporting of the 

issuer as well as of consolidated accounting (financial) reporting of the issuer and (or) the group of organizations 

which are controlling or subordinate persons in relation to each other or are obliged to prepare such reports on 

other grounds and in the order which is stipulated by the federal laws if one of the mentioned organizations is an 

issuer (hereinafter – consolidated accounting (financial) reporting of the issuer), which is included into the 

quarterly report, on the basis of the concluded contract as well as on the auditor (auditors) approved (selected) 

9

for audit of annual accounting (financial) reports of the issuer including his consolidated accounting (financial) 

reports for the current and last completed financial year. 

Full corporate name: Limited Liability Company Audit Firm Bukhgalterskiye Auditorskiye Traditsii - Audit 

Abbreviated corporate name: Audit Company BAT-Audit LLC 

Location: Russia, 614039, Perm, 46 Gazety Zvezda st., Office 2 

INN (Tax ID): 5902128939 

OGRN (Primary State Registration Number): 1025900520513 

Telephone: (342) 244-1920 

Fax: (342) 244-0868 

Email: info@bat-audit.ru 

Information about membership of the auditor with the self-regulated auditors organization 

Full company name: Self-regulating organization of auditors, non-profit partnership – Russian Board of 

Auditors 

Registered address 

101000 Russia, Moscow, 2/6 Kolokolnikov Lane 

Additional information: 

certificate No. 0475-ю, decision of the Council of RBA as of 23.04.2007, basic registration number in the 

Register of auditors 10205026931 

Financial year (years) from the number of five completed financial years and current financial year during which 

the auditor performed (will perform) independent check of annual accounting (financial) reports of the issuer 

Accounting (financial) 

reports, Year 

2007 

2008 

2009 

2010 

2011 

2012 

Consolidated accounting 

reports, Year 

Consolidated financial 

reports, Year 

Factors that may affect the auditor’s independence on the Issuer, including information about the presence of 

material interests between the auditor (the auditor’s officers) and the Issuer (the Issuer’s officers): 


material interests between the auditor (the auditor’s officers) and the Issuer (the Issuer’s officers), none 

Procedure for selection of the Issuer’s auditor 

Availability of a procedure for the competitive tender associated with selection of the auditor and its basic 

conditions: 

The Issuer has no procedure of organization of tenders for the selection of the auditor. 

Auditor's candidacy is approved by the General Meeting of Shareholders at the suggestion of the Board of 

Directors and pursuant to recommendations of the Audit Committee of the Board of Directors based on 

review of auditors' proposal. 

The procedure for nomination of the auditor’s candidacy for approval by the Meeting of Shareholders (members) 

inclusive of the management body making the respective decision: 

Pursuant to the Issuer's Articles of Association, the auditor of the Company is approved by the General 

Meeting of Shareholders. The matter of approval of the Issuer's auditor is included in the agenda of the 

General Meeting of Shareholders by the Board of Directors on initiative of the Board of Directors or another 

person entitled to place matters on the agenda for the Issuer's General Meeting of Shareholders or demand 

for the holding thereof. A candidate is proposed in compliance with Federal Law No. 208-ФЗ On Joint-Stock 

Companies dated December 24, 1995, as amended, or pursuant to the Articles of Association. Proposed 

10

candidates shall be considered by Issuer's Board of Directors and included in the agenda of the Annual 

General Meeting of Shareholders held to approve the auditor. 

Information on works that are realized by the auditor within special auditor tasks: 

during the reporting quarter, the auditor was involved in provision of consultancy services 

Description of the order of definition of the amount of remuneration of the auditor which specifies actual size of 

remuneration paid by the issuer to the auditor as of results of the last completed financial year for which the 

auditor performed independent check of accounting (financial) reports of the issuer, information on availability 

of delayed and overdue payments for the services that were provided by the auditor: 

Amount of remuneration of the auditor is defined by conditions of the contract 

Actual amount of remuneration paid by the issuer to the auditor by results of the last completed financial year 

for which the auditor performed independent check of accounting reporting of the issuer: 

2011 - 1,210,000.00 rub. 

Amount of remuneration of auditor for consultation services: 

2011 - 1,157,000.00 rub. 

Information on availability of delayed and overdue payments for the services rendered by the auditor: 

no delayed and overdue payments for the services that were rendered by the auditor. 

Full corporate name: Closed Joint-Stock Company PricewaterhouseCoopers Audit 

Abbreviated corporate name: JSC PwC Audit 

Location: Russia, 125047, Moscow, 10 Butyrskiy Val 

INN (Tax ID): 7705051102 


Telephone: (495) 967-6000 

Fax: (495) 967-6001 

Email: info@pwc.ru 

Information about membership of the auditor with the self-regulated auditors organization 

Full company name: Self-regulated Auditors Organization Noncommercial Partnership Audit Chamber of 

Russia (SRO NP ACR) 


105120 Russia, Moscow, 3/9 Syromyatnicheskiy Lane, bldg. 3 

Financial year (years) from the number of five completed financial years and current financial year during which 

the auditor performed (will perform) independent check of annual accounting (financial) reports of the issuer 


reports, Year 

Consolidated accounting 

reports, Year 


reports, Year 

2007 

2008 

2009 

2010 

2011 

2012 

11

Periods from the number of five completed financial years and current financial year during which the auditor 

performed (will perform) independent check of interim accounting (financial) reports of the issuer 


reports, Reporting date 

Summary accounting reports, 

Reporting date 


reports, Reporting date 

6 months 2007 

6 months 2008 

6 months 2009 

6 months 2010 

6 months 2011 

6 months 2012 


material interests between the auditor (the auditor’s officers) and the Issuer (the Issuer’s officers): 


material interests between the auditor (the auditor’s officers) and the Issuer (the Issuer’s officers), none 

Procedure for selection of the Issuer’s auditor 

Availability of a procedure for the competitive tender associated with selection of the auditor and its basic 

conditions: 

The Issuer has no procedure of organization of tenders for the selection of the auditor. 

Auditor's candidacy is approved by the General Meeting of Shareholders at the suggestion of the Board of 

Directors and pursuant to recommendations of the Audit Committee of the Board of Directors based on 

review of auditors' proposal. 

The procedure for nomination of the auditor’s candidacy for approval by the Meeting of Shareholders (members) 

inclusive of the management body making the respective decision: 

Pursuant to the Issuer's Articles of Association, the auditor of the Company is approved by the General 

Meeting of Shareholders. The matter of approval of the Issuer's auditor is included in the agenda of the 

General Meeting of Shareholders by the Board of Directors on initiative of the Board of Directors or another 

person entitled to place matters on the agenda for the Issuer's General Meeting of Shareholders or demand 

for the holding thereof. A candidate is proposed in compliance with Federal Law No. 208-ФЗ On Joint-Stock 

Companies dated December 24, 1995, as amended, or pursuant to the Articles of Association. Proposed 

candidates shall be considered by Issuer's Board of Directors and included in the agenda of the Annual 

General Meeting of Shareholders held to approve the auditor. 

Information on the work performed by the Auditor as part of special auditing tasks: 

In the 3rd quarter of 2012, auditor performed no works as part of special auditing tasks. 

Description of the order of definition of the amount of remuneration of the auditor which specifies actual size of 

remuneration paid by the issuer to the auditor as of results of the last completed financial year for which the 

auditor performed independent check of accounting (financial) reports of the issuer, information on availability 

of delayed and overdue payments for the services that were provided by the auditor: 

amount of remuneration of the auditor is defined by conditions of the contract 

as of 2011: annual reporting – 18,990,000 rub. 

2011: semi-annual reporting – 10,550,000 rub. 

Information on availability of delayed and overdue payments for the services rendered by the auditor: 

no delayed and overdue payments for the services that were rendered by the auditor. 

12

1.4. Information about Issuer's appraiser 

As per the grounds listed in this point, the appraisers were not involved within 12 months before the date of 

the end of the reporting quarter 

1.5. Information about Issuer's consultants 

During the 12 months before the date of the end of the reporting quarter, financial consultants for the 

grounds listed in this point were not involved 

1.6. Information about other quarterly report signatories 

No other signatures 

II. Main Information about Issuer’s Financial & Economic Situation 

2.1. Indexes of Issuer's financial and economic activity 

Dynamics of indicators that characterize financial and economic activities of the issuer which are calculated on 

the basis of accounting (financial) statements 

Standards (rules) used for preparation of accounting (financial) statements, 

which were used for calculation of indicators: RAS 

Measure unit for calculation of labor efficiency indicator: rub/man 

Indicator designation 2011, 9 months 2012, 9 months 

Efficiency of labor 3,983,101 7,484,588 

Ratio of the size of debt to the own capital 1.17 2.094 

Ratio of the size of long-term indebtedness 

to the amount of long-term indebtedness and 

own capital 

Degree of coverage of debts by current 

proceeds (income) 

0.46 0.668 

0.478 -0.217 

Level of debts overdue, % 0.139 0.106 

Analysis of the financial and economic activities of the issuer on the basis analysis of economic dynamics of the 

given indicators: 

The Labor Productivity parameter describes production output per worker. By results of 9 months of 2011 

labor productivity amounted 3,983,101 rub./person, 9 months of 2012 – 7,484,588 rub./person. 

Indicators "Relation of amount of indebtedness to owned capital" and "Relation of amount of long-term 

indebtedness to the amount of long-term indebtedness and owned capital" characterize dependability of the 

Issuer on borrowed funds and determine creditors' risks. As of 30.09.2012 values of indicators amount 2.094 

and 0.668, respectively. 

Value of indicator "Degree of coverage of debts with current income (profit)" as of 30.09.2012 changed 

compared to the indicator as of 30.09.2011 from 0.478 to (-)0.217. 

Change of indicator can be explained by the fact that current income and cash resources exceeded short-term 

obligations and expenses: 

the amount of short-term obligations of the Issuer decreased 5.8 times over the comparable periods or by 

25,865,918 thousand rubles; 

balance of cash assets in the cash register, on operating and currency accounts of the Issuer increased by 

7,583,367 thousand rubles or in 1.7 times. 

13

The level of overdue (over 12 months) accounts payable characterizes financial state of the Issuer. As of 

30.09.2012, the value is 0.106. 

2.2. Issuer's market capitalization 

Market capitalization is calculated as production of the number of shares of the corresponding category (type) 

by market price of one share disclosed by the organizer of trade on the securities market and defined in 

accordance with the Order of definition of market price of securities, calculated price of securities as well as 

limit border of fluctuations of the market price of securities in the purposes of Chapter 23 of the Tax Code of 

the Russian Federation approved by the Order of FSFM of Russia as of 09.11.2010 No. 10-65/пз-н 

Unit: rub. 

Indicator designation 2011 3 quarter 2012 

Market capitalization 722,690,789,954.65002 759,517,950,842.79004 

Information on the trade manager on the securities market on the basis of whose information the market 

capitalization value shall be calculated, and any other additional information on securities circulation at the 

discretion of the Issuer: 

CJSC FB MMVB 

Phone: +7(495) 363-3232 

Fax: +7(495) 705-9622 

Address of the office on B. Kislovsky: 125009 Moscow, 13 Bolshoy Kislovsky Lane 

Address of the office on Vozdvizhenka: Russia, 125009, Moscow, 4/7 Vozdvizhenka st., bldg. 1 

Data on market capitalization are taken from site http://http://www.micex.ru 

2.3. Issuer's liabilities 

2.3.1. Borrowed assets and accounts payable 

9 months 2012 

Structure of borrowed assets 

Unit: thousand rubles 

Indicator designation Indicator value 

Long term borrowed assets 127,363,525 

including: 

credits 121,287,178 

loans, except for bond loans 6,076,340 

bond loans 7 

Short term borrowed assets 857,407 

including: 

credits 0 

loans, except for bond loans 300,000 

bond loans 

Total amount of overdue debts for borrowed assets 

including: 

by credits 

by loans, except for bond loans 

14

y bond loans 

Structure of accounts payable 



Total amount of accounts payable 3,692,215 

including overdue 231,339 

including 

to budget and extra-budgetary institutions 365,164 

including overdue 0 

to suppliers and contractors 2,482,207 

including overdue 231,339 

to organization's personnel 186,726 


other 658,118 


In case of availability of overdue accounts payable, including by borrowed assets, specify reasons of nonobservation 

and effects which took place or can take place in the future for the issuer due to non-observance of 

corresponding obligations including sanctions imposed on the issuer and terms (suggested term) of redemption 

of overdue accounts payable or overdue indebtedness for borrowed assets. 

Overdue accounts payable result from the updating of the bank details required for payment of invoices made 

out, or absence of the complete set of documents necessary for payment. 

Under certain contracts, payment shall be made upon signing of additional acts not presented by counterparts 

as of the reporting date. 

Availability of sanctions imposed on the Issuer is not stipulated by provisions of the Contracts. Overdue 

accounts payable is not deemed overdue loan (credit) payments. The Issuer is to settle the accounts payable in 

the normal course of business as far as the reasons for indebtedness are removed. 

Creditors the share of which amounts not less than 10 per cent of the overall amount of accounts payable or not 

less than 10 per cent of the overall amount of borrowed (long and short term) assets: 

Full corporate name: Closed Joint-Stock Company UniCredit Bank 

Abbreviated corporate name: CJSC UniCredit Bank 

Location: Russia, 119034, Moscow, 9 Prechistenskaya Embankment 

INN (Tax ID): 7710030411 


Amount of indebtedness: 7,729,225 

thousand rubles 

Size and terms of the overdue indebtedness (interest rate, penalties, and fines): 

accounts payable are not overdue 

Creditor is the Issuer's affiliated person: No 

Full corporate name: "Societe Generale Bank" 

Abbreviated corporate name: "Societe Generale Bank" 

Location: 75009, France, Paris, 29 Boulevard Haussmann 

Non-resident of RF 


15





Full corporate name: Closed Joint-Stock Company Raiffeisenbank, Perm Branch 

Abbreviated corporate name: JSC Raiffeisenbank, Perm Branch 

Location: 614045, Perm, 72 Sovetskaya st. 

INN (Tax ID): 7744000302 







Full corporate name: Uralkali Trading (Gibraltar) Limited 

Abbreviated corporate name: Uralkali Trading (Gibraltar) Limited 

Location: Gibraltar, 831 АВ Europot 







Full corporate name: Open Joint-Stock Company Savings Bank of Russia 

Abbreviated corporate name: OJSC Savings Bank of Russia 

Location: 117997, Moscow, 19 Vavilova st. 

INN (Tax ID): 7707083893 







Full corporate name: Open Joint-Stock Company Savings Bank of Russia, Zapadno-Uralskiy Bank 

Abbreviated corporate name: OJSC Savings Bank of Russia, Zapadno-Uralskiy Bank 

Location: 614990, Perm, 4 Ordzhonikidze st. 

INN (Tax ID): 7707083893 







16

Full corporate name: UniCredit Bank AG 

Abbreviated corporate name: UniCredit Bank AG 

Location: Germany, D-81925, Munich, 14 Arabellastrasse 









Location: 117997, Moscow, 19 Vavilova st. 

INN (Tax ID): 7707083893 







Full corporate name: Limited Liability Company Uralkali-Remont 

Abbreviated corporate name: LLC Uralkali-Remont 

Location: 618426, Perm Region, Berezniki, 74 Sverdlova st. 

INN (Tax ID): 5911065428 


Amount of indebtedness: 467,951 


Size and terms of the overdue indebtedness (interest rate, penalties, fines): 

overdue accounts payable of 1,078 thousand rubles, penalties are not stipulated by the contract, availability of 

overdue accounts payable is caused by absence of the necessary full package of documents which are 

required for execution of payment. 

Creditor is the Issuer's affiliated person: Yes 

Share of issuer in the registered (joint stock) capital (share fund) of the commercial organization, %: 100 

The entity’s share in the charter capital of the Issuer, % 0 

Fraction of the Issuer’s ordinary shares held by the entity, %: 0 

Full corporate name: "Nаtixis" 

Abbreviated corporate name: "Nаtixis" 

Location: 75012, France, Paris, Quai de la Rapee, 68/76 PARIS - France 







17

2.3.2. Issuer's credit history 

Description of the way the Issuer executed obligations under the valid during the last completed financial year 

and current financial year credit contracts and/or loan contracts including those concluded by means of issuance 

and sales of bonds, amount of principal debt under which amounted 5 and more per cent of balance price of the 

Issuer's assets as of the date of the last completed reporting period (quarter, year) before conclusion of the 

corresponding contract in relation to which the specified term of submitting of accounting (financial) statements 

is overdue as well as under other credit contracts and/or loan contracts which the Issuer considers to be 

significant for himself. 

Name and location or surname, name and 

patronymic of the creditor (lender) 

Amount of principal debt as of the moment 

of creation of obligation, USD 

Amount of principal debt as of the date of 

the end of the reporting quarter, USD 

Type and identification signs of liabilities 

1. Credit contracts, 

Conditions of liabilities and information on execution of liabilities 

Credit (loan) period, (years) 3.8 

Average credit (loan) interest rate, % per 

year 

Number of interest (coupon) periods - 

Availability of delays in payment of interest 

for credit (loan) and in case of their 

availability - total number of the specified 

delays and their amount in days 

Planned term (date) of credit (loan) 

repayment 

Actual term (date) of credit (loan) 

repayment 

Other information on liabilities indicated by 

the Issuer as it deems appropriate 







Closed joint-stock company "UniCredit Bank", 119034, Russia, 

Moscow, 9 Prechistenskaya Embankment 

250,000,000.00 USD X 1 

250,000,000.00 USD X 1 

No 

22.08.2014 

acting 




Credit (loan) period, (years) 3 


year 





Societe Generale Bank, 75009, France, Paris, 29 boulevard 

Haussmann 

75,000,000.00 USD X 1 

0 USD X 1 

No 

18



repayment 


repayment 









24.12.2012 

13.07.2012 






year 







repayment 


repayment 










Haussmann 

100,000,000.00 USD X 1 

0.00 USD X 1 

No 

04.04.2011 

31.01.2011 






year 






Raiffeisenbank CJSC, "Permsky" subsidiary, 614045, Perm, 72 

Sovetskaya st. 

85,700,000.00 USD X 1 

0.00 USD X 1 

No 

19


repayment 


repayment 








the end of the reporting quarter, RUR 

05.03.2012 

27.06.2011 






year 







repayment 


repayment 









Raiffeisenbank CJSC, "Permsky" subsidiary, 614045, Perm, 72 

Sovetskaya st. 

200,000,000.00 USD X 1 

167,567,567.54 RUR X 1000 

No 

27.04.2015 

acting 






year 




availability – total number of the specified 


Closed joint-stock company "UniCredit Bank", 119034, Russia, 

Moscow, 9 Prechistenskaya Embankment 

50,000,000.00 USD X 1 

0.00 RUR X 1000 

No 

20


repayment 


repayment 









17.08.2013 

acting 






year 

Number of interest (coupon) periods 






repayment 


repayment 










Haussmann 

300,000,000.00 USD X 1 

187,755,102.05 USD X 1 

No 

04.08.2016 

acting 






year 






UniCredit Bank AG, Germany, D-81925, Munich, 14 

Arabellastrasse 

1,025,000,000.00 USD X 1 

1,025,000,000.00 USD X 1 

No 

21


repayment 


repayment 






of creation of obligation, RUB 


the end of the reporting quarter, RUB 

21.09.2016 

acting 






year 







repayment 


repayment 






of creation of obligation, RUR 



"Savings Bank of Russia" Open joint-stock company, 117997, 

Moscow, 19 Vavilova street 

12,000,000,000.00 RUB X 1 

12,000,000,000.00 RUB X 1 

No 

21.02.2013 

acting 






year 






Western Urals Bank of the Open joint-stock company "Savings 

Bank of Russia", 614990, Perm, 4 Ordzhonikidze st. 

9,000,000,000.00 RUR X 1 

9,000,000,000.00 RUR X 1 

No 

22


repayment 


repayment 









14.09.2016 

acting 






year 







repayment 


repayment 









"Savings Bank of Russia" Open joint-stock company, 117997, 

Moscow, 19 Vavilova street 

66,000,000,000.00 RUR X 1 

31,503,000,000.00 RUR X 1 

No 

22.11.2014 

acting 






year 






JPMORGAN CHASE BANK, N.A., 125, Great Britain, London, 

London Wall, EC2Y 5AJ 

100,000,000.00 USD X 1000 

100,000,000.00 USD X 1000 

No 

23


repayment 


repayment 









31.05.2015 

acting 






year 







repayment 


repayment 









Natixis, 68/76, France, Paris, Quai de la Rapee, 75012 PARIS - 

France 

205,000,000.00 USD X 1 

205,000,000.00 USD X 1 

No 

03.08.2017 

acting 






year 






Uralkali Trading (Gibraltar) Limited Company, Gibraltar, 831 АВ 

Europot 

130,000,000.00 USD X 1 

130,000,000.00 USD X 1 

No 

24


repayment 


repayment 









31.08.2013 

acting 


15. Debenture issue, 




year 

Number of interest (coupon) periods 6 






repayment 


repayment 



Buyers of securities issued: 

30,000,000,000.00 RUR X 1 

7,000.00 RUR X 1 

No 

17.02.2014 

acting 

2.3.3. Issuer's liabilities out of collateral to third parties 

Unit: rub. 

Indicator designation 2012, 9 months 

Total amount of Issuer's liabilities out of collateral provided by the same 50,037,410,824 

Overall amount of liabilities of the third persons for which the Issuer presented 

collateral considering limited liability of the Issuer for such an obligation of 

the third person defined based on conditions of collateral and actual remainder 

of indebtedness of the third person in relation to this obligation 

Including in the form of pledge or guarantee 

69,611 

Issuer's liabilities of collateral provided to third parties from the beginning date of the current fiscal year to the 

end of the reporting quarter, including in form of pledge or guarantee making up at least 5 percent of the balance 

sheet cost of Issuer's assets as of the date of the last completed reporting period prior to the provision 

The above circumstances have not been present in the reporting period 

25

2.3.4. Other liabilities of the Issuer 

As of 30.09.2012, OJSC Uralkali has 10 valid transactions for the total amount of 2,400.7 mln US dollars. 

Description of risk emerging during operation of the Company 

OJSC Uralkali is an export oriented company. The Company concluded export contracts for delivery of 

potassium fertilizers with settlements in US dollars. In 2012, it was planned that the largest share of the total 

volume of receipts from export will be in US dollars. Current administrative and operation expenses as well as 

expenses for maintenance of ruble borrowings of the Company are paid in Russian rubles. Due to the fact 

that proceeds and expenses of the Company are formed in different currencies, operation of the Company is 

subjected to currency risks - dependence from fluctuations of US dollar to Russian ruble exchange rate. 

Dependence of proceeds of the Company from fluctuations of US dollar exchange rate creates difficulties in 

planning of ruble equivalent of currency proceeds of the Company which are necessary for financing of 

current ruble expenses of the Company. In case if the US dollar to Russian ruble exchange rate is to reduce, 

there is a risk of reduction of ruble equivalent of proceeds in US dollars which can result in lack of assets 

necessary for stable financing of current ruble expenses of the Company, in particular for execution of 

obligations under ruble borrowings, losses or reduction of income of the Company are possible. 

Hedging object. Hedging object selection. Planned actions in relation to hedging object 

Due to the availability of currency risks the Company made a decision on hedging currency risks in the 

section of large ruble borrowings by means of conclusion of hedging transaction: In 2012 the Company 

concluded interest rate and currency swap transactions. Conclusion of interest rate and currency swap 

transaction allows to replace ruble obligations for the ones in US dollars which will make it possible to 

exclude currency risk by currency proceeds in the volume which is necessary for credit maintenance. 

In the result of conclusion of the interest rate and currency swap transaction the Company hedges part of the 

incoming export currency proceeds in the amount which would allow sufficient volume of ruble proceeds 

necessary for execution of obligations of the Company for payment of the amount of principal debt of the 

credit and the amount of accrued interests. 

Hedging operation advantages 

Conclusion of interest rate and currency swap is targeted to: 

. exclude the currency risk - dependence from fluctuations of US dollar to Russian ruble exchange rate; 

. reduce possible losses connected with the change of US dollar exchange rate; 

. ensure for the Company stable proceeds of cash assets in Russian rubles for the rate which is acceptable for 

the Company to maintain the credit; 

. to reduce the costs of borrowings. 

These time transactions are not reflected in RAS as in the accounting operations with financial transactions 

instruments are reflected as a financial result by SWAP transactions. 

Specify all the agreements of the Issuer, including time transactions which are not reflected in its accounting 

(financial) statements which can significantly tell upon financial state of the issuer, its paying capacity, sources 

of financing and conditions of using them, results of operation and expenses. 

Specify factors under which the above mentioned obligations can result in the listed changes and probability of 

their emergence. 

Describe reasons of conclusion of these agreements by the Issuer, supposed benefit of the Issuer from these 

agreements and the reasons why these agreements are not reflected in accounting (financial) statements of the 

Issuer. 

26

2.4. Risks of acquisition of issued securities already placed/being placed 

Policy of the Issuer in the field of risks management: 

Investment in Issuer's securities are associated with a certain level of risks. Therefore, prior to any investment 

decisions potential investors must carefully investigate into the risks factors below. Each of the factors may 

have an adverse effect on Issuer's financial situation and fulfillment by the Issuer of obligations on securities. 

Issuer’s policy in the sphere of risk management: 

The Issuer strives to effectively manage risks to ensure financial status stability, business development and 

Issuer's mission realization strategy in compliance with modern production and management quality 

standards with best consideration of interests of all interested parties. 

OJSC Uralkali takes into account business risks and internal/external uncertainty factors that may affect 

Issuer's performance in the future. Risk management ensures short-term and long-term predictability of 

Issuer's activities and potential loss minimization. 

The Issuer refers certain risks to minor risks, still realizing that they may be substantial in the future. 

2.4.1. Sector risks 

Sector risks 

1. General risks 

Domestic market: 

In the Russian domestic market potash chloride is mainly used as a raw material for production of complex 

and compound fertilizers and other chemical products (about 80% of the domestic market) and also as a 

component for production of drilling mud at oil-producing enterprises and as one-component fertilizer for 

direct applying into the soil. Potash chloride in small amount is also used in nonferrous metallurgy and food 

industry. 

Volumes of potassium chloride (in natural units) shipped to the internal market in the 3 quarter of 2012 are 

12% higher than the volume of products shipped to the internal market in the 2 quarter of 2012 and 9% 

higher compared to the relevant period of 2011. 

Prospects for potassium and other mineral fertilizers consumption growth in the Russian agricultural 

production in 2012 remained the same due to the great attention of the Russian Federation Government. In 

particular, according to the State program of agriculture development and agricultural products, raw 

materials and food products markets regulation for 2008-2012, it is planned to subsidize a share of expenses 

on mineral fertilizers purchase from the Federal budget. Pursuant to the government program, the amount of 

subsidies for purchasing mineral fertilizers in 2012 will amount 5.4 billion rubles. In accordance with the 

projection of this program the quantity of required mineral fertilizers for applying in 2012 amounts to 3 

million tons (in terms of 100% active substances) that is 11% more than planned performance of applying 

mineral fertilizers into the soil in 2011. 

External market: 

The main consumers of potash fertilizers in the world are China, India and the countries of South-East Asia 

and Latin America. Swings of demand in these markets influence a worldwide balance of supply and demand. 

Moreover, a demand for potash fertilizers is also determined by macroeconomic factors such as change of 

world population, quantity of fertile land per capita and growth in income. Adverse change of these 

parameters can have a negative impact on the Issuer’s activity. 

A change of situation in the agricultural markets can have a negative impact on demand for potash fertilizers. 

As the main use of the Issuer’s product is the use as a fertilizer by the growers of agricultural produces so any 

factors influencing a rate of production of agricultural produces and also a kind of manufactured produces 

can contribute to a reduction of demand for potash fertilizers that can have a negative impact on the Issuer’s 

financial condition and operating results. 

Further development of the farming industry based on the use of organic fertilizers can lead to a reduction of 

demand for potash fertilizers. Development of the farming industry based on the use of organic fertilizers has 

27

egun recently mainly because of the state financing, negative social attitude to the use of pesticides, concerns 

related to the quality of food products, environmental conditions and other reasons. Reduction of demand for 

potash fertilizers as a result of development of agriculture based on the use of organic fertilizers can have a 

considerable negative effect on the Issuer’s financial condition and operating results. 

The world market of potash fertilizers is characterized by a limited quality of large manufacturers, each 

competes with the Issuer. Such competitors can have certain advantages over the Issuer, such as strategic 

partnership with the main purchasers of the production, access to cheaper sources of financing, access to 

more developed profitable markets and so on. If the Issuer’s competitors have any of the above-stated 

advantages, it can have a considerable negative effect on the Issuer’s financial condition and operating 

results. 

Potential new members of the potash fertilizer market can weaken the Issuer’s current competitive position. 

In spite of the fact that the high cost and considerable time cost for construction of new mines and processing 

plants represents a significant barrier for entry into the market of potash fertilizers production, new market 

members can obtain access to unexplored reserves or more cost-effective extraction methods of the explored 

reserves. Appearance of new members of the potash fertilizer market can have a considerable negative effect 

on the Issuer’s financial condition and operating results. 

Failure to predict a future seasonal demand for fertilizers can cause a surplus stock of the product or its 

shortage. Currently, the Issuer seeks to control seasonality of a demand by sale of products in different 

markets in different time, thereby the Issuer ensures a relative uniformity of sale level during a year. 

However, if this Issuer’s strategy is impossible for any reason, the Issuer will run a risk to have a surplus 

stock of the product or its shortage. Surplus stock of the product or its shortage has a special meaning related 

to potash fertilizers due to their relatively short acceptable shelf life. 

Despite some reduction of demand on the global market of potash fertilizers in the I quarter of 2012, the 

market returned to its normal volumes in the II quarter due to high demand in Brazil and seasonal burst of 

consumption in the USA, in the countries of Europe and Asia. At the same time, the third quarter features 

some reduction of volumes of shipment of potassium due to reduction of consumer activities on the main 

markets of India and China. 

Thus, volumes of potassium chloride export sales (in physical terms) in the 3 quarter of 2012 are 13.5% lower 

than those in the relevant period of 2011. The volume of export supply in the II quarter of 2012 decreased by 

16% compared to the 2 quarter of 2012. 

Change of the customs regulation of the countries – receivers of fertilizers can also have a negative impact on 

the Issuer’s activity. 

2. Risks related to monopolized markets of energy resources, rail traffic and other goods and services. 

Outrunning growth of tariffs for products and services of natural monopolies can lead to considerable growth 

of expenses and deterioration of products competitiveness. 

The Issuer reduces the risk related to growth of prices for energy resources by using its own power supply, 

adaptation of the production from using liquid energy sources to using natural gas. The Issuer also 

constantly optimizes its traffic streams. OJSC Uralkali has its own fleet of freight cars sufficient to ensure 

uninterrupted product delivery, and the fleet is modernized on a regular basis; in 2003, OJSC Baltic Bulk 

Terminal began its operations in Saint-Petersburg (a subsidiary of the Issuer) for transfer the Issuer's 

products for export. 

At the present time OJSC Uralkali maintains strong relations with foreign suppliers, however, to increase 

availability of shipping and to reduce a risk of failure the Issuer is actively searching for additional sources of 

imported materials, in particular between representative offices of famous foreign enterprises in the Russian 

Federation. The said measures are aimed at shortening the period of manufacturing and supply and 

redistributing the risks associated with scope of supply, customs clearing and shipment between a supplier 

and buyer 

3. Risks related to possible price change of raw materials and services used by the Issuer in its activity 

28


Risks related to price increase for raw materials are acceptable. The prices mainly change within the planned 

rate of inflation. To reduce the risk of price increase the raw materials are purchased by holding of a 

competitive tender and request of quotations. Manufacturers are preferred. Nevertheless, there is a risk of 

price increase above the rate of inflation for the goods produced by monopolists. OJSC Uralkali together with 

marketing firms conducts a market research for searching analogues for the goods produced by monopolists. 

The most important for the production process high-quality raw materials are purchased right on time from 

the suppliers. These measures allow not only to reduce purchase prices but also to supply the production with 

the high quality raw materials. We permanently search for new competitive suppliers. We use electronic 

trading facilities for purchasing. This permits to maintain a necessary level of competitiveness. 


There are risks related to price increase for raw materials purchased in the foreign market, including: 

economic (such as increase of US dollar and Euro to ruble exchange rate; increase of prices for imported 

metal goods, including copper, steel; changes of the market situation due to the second crisis wave); political 

risks (wars, disorders, public disturbances) and other risk-contributing factors. 

At the present time OJSC Uralkali maintains strong relations with foreign suppliers, however, to increase 

availability of shipping and to reduce a risk of failure the Issuer is actively searching for additional sources of 

imported materials, in particular between representative offices of famous foreign enterprises in the Russian 

Federation. The said measures are aimed at shortening the period of manufacturing and supply and 

redistributing the risks associated with scope of supply, customs clearing and shipment between a supplier 

and buyer. 

To diversify risks related to price increase for primary materials (metal goods, reagents, chemical products, 

spare parts to imported appliances) the Issuer works with a wide range of foreign suppliers. 

The risk of import taxes increase is also considerable, it will cause the necessity to use Russian raw materials 

or to increase prices for manufactured products. 

4. Risks related to possible price change of the Issuer’s goods and/or services 


In amicable agreement approved by the decree of the Ninth Arbitration Appeal Court dated March 13, 2008 

the Issuer and the Federal Antimonopoly Service determined the price formula for supply of fertilizers to the 

domestic market. To calculate the price according to the formula a price for the market with the lowest price 

(in accordance with the definition given in the amicable agreement) is a calculating price for potash chloride. 

The determined formula of the price is valid for 5 years and can be prolonged for the same term. 

In accordance with the Rules of non-discriminated access to purchasing potash chloride when it is delivered 

to the manufacturers of complex mineral fertilizers developed by the Federal Antimonopoly Service of Russia, 

from January 1, 2011 to January 1, 2013 the manufacturers of potash chloride are recommended to deliver 

produces to Russian manufacturers of complex mineral fertilizers at the lowest export price, the rate of which 

is subject to determine quarterly. In the 3 rd quarter of 2012 OJSC Uralkali fixed the price at the rate of 

8,660.69 rubles for a ton of potash chloride (FCA, excluding VAT, without package) for deliveries of complex 

mineral fertilizers to Russian manufacturers. To support Russian agricultural manufacturers the contracts 

stipulate a bonus to manufacturers of complex mineral fertilizers for the volume of potash chloride purchased 

for production of fertilizers delivered to domestic market. 

The Issuer, fulfilling the conditions of the Agreement signed between Russian Fertilizers Producers 

Association and Agroindustrial Union of Russia on interaction to meet the demands of manufacturers of 

agricultural commodities of Russian agroindustrial complex for mineral fertilizers in 2008-2012, has 

determined the ceiling price for delivering potash fertilizers to Russian agricultural producers (for direct 

applying into the soil) in 2012 at the rate of 4,760 rubles for ton (FCA, excluding VAT, without package). 


29

Despite some reduction of demand on the global market of potash fertilizers in the I quarter of 2012, the 

market returned to its normal volumes in the II quarter due to high demand in Brazil and seasonal burst of 



markets of India and China. Despite this, analysts forecast preservation of volume of world consumption of 

potash chloride in the current year on the level of indicators of 2011. 

The prices for potash fertilizers considerably depend on supply in the market of potash fertilizers and also on 

the production level and oversupply, as well as increased level of potash fertilizer production can have a 

negative impact on the Issuer’s activity. 

2.4.2. Country and Regional Risks 

In the event of any of the risks stated below the Issuer shall take all possible measures to 

minimize adverse effects. The taken measures will depend on peculiarities of the situation in each specific 

case. The Issuer cannot guarantee that the actions taken to get over negative changes can remedy the 

situation because the specified factors are out of the Issuer’s control. 

In case of political or economic instability in Russia or in any specific region that might 

have an adverse impact on the Issuer’s activity and profit, the Issuer shall take a number of anti-crisis 

management measures in order to mobilize activity and decrease as much as possible the adverse impact of 

the political or economic situation in the country or in the region. 

Nevertheless, in case of a negative impact of the country and regional changes on the 

Issuer’s activity, the Issuer is taking the following general measures to maintain the Issuer’s activity: 

- To take measures intended to assure workers’ creature comforts and the Issuer’s working capacity; 

- To maintain permanent assets to the extent possible until the situation changes for the better; 

- To optimize expenses; 

- To reconsider an investment program. 

1. Risks related to the political and economic situation in the country and in the region where the Issuer is 

registered as a taxpayer and/or undertakes its main activity. 

The Issuer’s country risks are determined by social, political and economic risks appropriate for Russia and 

international financial rating of Russia that are out of the Issuer’s control. 

In recent years positive changes in social spheres has taken place in Russia – political 

stability has been achieved, some economic reforms have been implemented. 

The economies of the developing countries, including the economy of the Russian 

Federation, considerably depend on a business environment of the developed markets and in case of money 

stock outflow from the developing markets their rate of economic growth will decrease essentially. The 

possibility of economic destabilization in Russia caused by a fall in oil prices cannot be totally discounted. 

Stability and development of the Russian economy mainly depend on effectiveness of the 

economic measures taken by the government of the Russian Federation. The government has not yet 

completed reforms in banking, judicial, taxation and administrative systems. Any of the risks stated below that 

the Russian economy was subject to in the past can have a considerable effect on the investment climate of 

Russia and the Issuer’s activity. In the past, the Russian economy suffered from the following negative 

phenomena: 

- Heavy drop of the gross domestic product; 

- Hyperinflation; 

- Instability of the currency; 

- High government debt in relation to the gross domestic product; 

- Weak banking system providing limited liquidity support to Russian enterprises; 

- High percent of unprofitable enterprises continuing their activity due to deficiency of an effective 

bankruptcy procedure; 

- Wide use of inter-scoring schemes and non monetary methods of payment in commercial 

transactions;• 

30

- Stable capital outflow; 

- High growth of full and partial unemployment; 

- Low living standards of a considerable part of the population. 

One cannot guarantee that the positive trends of the Russian economy of the recent years 

including a growth of gross domestic product, a relative stability of the ruble and decrease in the inflation rate 

will be preserved in the future. Moreover, the second wave of the world economic crisis, fluctuations of the 

world oil and gas prices, the rise of the real rate of the ruble against the US dollar and also the consequences 

of monetary policy extenuation and other factors can have an adverse effect on the Russian economy and the 

Issuer’s activity in future. 

The Russian economy is not protected from market falls and slowdown of economic 

development in other countries. As it have already happened in the past, financial problems or tightened 

perception of investments risks in the countries with the developing economy can reduce foreign investment 

volume in Russia and have an adverse effect on the Russian economy. Moreover, considering that Russia 

produces and exports a large volume of gas and oil, other energy and natural resources, the Russian economy 

is especially vulnerable to a change of world prices for raw materials, while a fall of such prices can 

slowdown the development of the Russian economy. These events can essentially limit the Issuer’s access to 

the capital markets. 

The Issuer exports the products to different countries, that is why political and economic 

situation in these countries also can have a considerable impact on the Issuer’s activity. In particular, a policy 

pursued by governments of the countries importing potash chloride can considerably influence the Issuer’s 

activity in case of: 

- change of government composition of the country importing potash chloride; 

- pursuing of protectionist policy to support local manufacturers of potash fertilizers; 

- closer economic and political relations with other countries exporting potash fertilizers; 

- preference of other kinds of fertilizers to potash fertilizers; 

- a tendency to support competitiveness; 

- rotation of potash fertilizer suppliers to maintain a solid market position; 

- increased quantity of potash fertilizer stock to maintain a solid market position. 

Any of the above-stated factors can reduce a demand for potash fertilizers that can have a 


Risks in connection with carrying out of the activities in the developing countries are firstly related to 

the fact that these markets and the legislation regulating them are subject to frequent and sudden changes, 

thus the information about these markets contained in this quarterly report quickly loses its applicability. 

Moreover, the developing markets in a greater degree are subject to different financial crises that can have a 


2. Risks related to geographic and climatic characteristics 

Risks related to geographic and climatic characteristics, in Issuer’s opinion, are not 

important for the Issuer. OJSC Uralkali is registered as a taxpayer and undertakes its main activity in 

Berezniki of the Perm Region that belongs to the Volga Federal District. 

OJSC Uralkali is located in the region that is characterized by the temperate continental climate with 

a long and moderately dry winter. Long-term average annual precipitation is 745 mm. The average thickness 

of snow cover is 45 cm. A stable snow period lasts from October 25 to the middle of April. A monthly average 

wind speed ranges 2.3 – 6.0 m/s. According to the seismic risk-zoning or the Russian Federation, Berezniki is 

not seismically dangerous, but in the early there were some occurrences of seismic activity, the nature of these 

phenomena is not still clear. 

A social and economic situation of the Perm Region is characterized as stable, at the same time the 

Perm Region is subject to the same risks as the Russian Federation in the whole. At the present time an 

investment attractiveness of the Perm Region is rather high in comparison with other constituent entities of 

the Russian Federation. As for dynamics and investment rating of the Perm Region for a previous period, 

31

according to the rating of the "Expert" magazine the Perm Region has been among the leaders during the 

whole period of rating 1998 – 2011. Its rating is estimated as "Middle potential – moderate risks" (2B). In 

2010-2011 the same agency ranks the Perm Region to the 11 th place according to the level of investment 

potential between the Russian regions (source: http://www.raexpert.ru/ratings/regions/2011/). 

Geographical location of the Perm Region determines a full structure of transport system. 

There is a confluence of transcontinental railway, airway lines and roads in the Perm Region. There are four 

eastern ports of the unified deep water system of the European part of Russia providing an entry to Northern 

and Southern Europe. 

The main natural resources in the Perm Region are oil and gas, potassium, magnesium and 

sodium salts, precious (diamonds) and semi-precious (selenite) stones, gold and platinum, chrome ore, 

metallurgical and cement raw materials, carbonate raw materials. 205 oil and gas fields are opened in the 

Perm Region, there is the largest in Russia Verkhnekamskoe field of potassium-magnesium and mineral salts. 

In the north there are eight fields of diamonds. 

Industrial economy of the Perm Region includes more than 500 large and medium 

enterprises of different spheres. 

The Perm Region is among the leaders when it comes to the volume of production export, 

including the foreign market. As for the volume of exports the Perm Region is rated among the top five 

regions – the largest exporters of Russia. 

Nevertheless, the infrastructure of Russia, including the Perm Region, was mainly created 

during the Soviet era and has not received a sufficient financing and maintenance within the preceding 

decades. In this connection at the present time there is a crisis related to considerable deterioration of basic 

funds of the enterprises ensuring the normal functioning of all processes of the state and society activities. It 

is necessary to renew the funds of transport system, power industry, communications and capital 

construction. 

Deterioration of infrastructure in Russia damages the economic development, breaks a 

transportation of goods, raises the expenses of the production activity in Russia and can lead to disruptions of 

financial and economic activities and thereby can have a considerable adverse effect on the Issuer’s activity 

and its stock value. 

The Russian Federation is a multinational state and includes regions with different level of social and 

economic development and therefore one cannot totally preclude a possibility of military conflicts in Russia 

including the use of military force. The Issuer cannot totally eliminate the risks related to a possible 

imposition of a state of emergency in the regions where the Issuer has its assets and in Russia in the whole. 

The risks related to possible military conflicts, imposition of a state of emergency and strikes, in Issuer’s 

opinion, are not very considerable because the Perm Region is geographically remote from the regions of 

current conflicts and military actions. A serious damage to the activities of the Russian enterprises including 

the Issuer’s activity can be done by acts of terrorism, internal or international; the influence of such acts can 

have an adverse effect on foreign investments and the price of the Issuer’s shares. 

2.4.3. Financial risks 

1. Inflation risks 

The Company is exposed to inflationary cost increases, due to the dependence of the substantial costs on 

inflation in the country. 

A negative impact of the inflation on the Issuer’s financial and economic activity can be caused by the 

following risks: 

- Risk related to loss of actual costs of loan receivable due to a long respite or delay in payment; 

- Risk of prime cost increase for goods, produces, works, services due to a price escalation for energy 

resources, transport expenses, salary and so on; 

- Risk of actual cost decrease of means raised for financing investment programs. 

To reduce the impact of inflation risk, the Company pays key attention to reduction of production costs, as 

well as assessment of the risk in development of investment projects and making investment decisions. 

2. Risks related to change in the interest rates 

32

The Company is exposed to interest rate changes since a part of the loan portfolio is represented by 

borrowings with floating interest rates. Changes in the interest rates could affect the Company's cost of debt 

financing. 

The Company seeks to hedge this risk by using financial instruments such as currency and interest rate 

swaps, which allow maintaining a comfortable level of interest rates on long-term borrowings, as well as 

aligning the currency of obligations of the Company to the currency of proceeds from sale. 

In order to reduce the impact of this risk, the Company is constantly taking measures to improve the debt 

structure and to control the need to refinance debt. 

3. Currency risks 

The Company is exposed to risks of adverse exchange rate changes, as it has been operating in many 

countries. The greatest influence on the results of operations is provided with the exchange rate of the 

Russian ruble against the U.S. dollar, because most export earnings of the Company is dollar-denominated, 

while the most costs are implemented in the territory of Russia in Russian rubles. 

Thus, the devaluation of the Russian ruble against the U.S. dollar has a positive impact on cash flow over 

time, and vice versa. In case of serious and stable adverse changes of the exchange rate, the Issuer has an 

opportunity to hedge the risk through option and forward transactions. 

2.4.4. Legal risks 

1. OJSC Uralkali as an enterprise exporting its essential part of produces mainly depends on currency 

legislation changes. The Issuer monitors all normative legal acts in the sphere of foreign currency legislation 

and meets all requirements of the current currency legislation of the Russian Federation. At the present time, 

a possibility of fundamental change of the currency legislation aggravating the company’s position in the 

foreign market is rather low. 

Nevertheless, the currency legislation of the Russian Federation is subject to frequent 

changes. In spite of a recent liberalization of foreign exchange control regime in Russia and repeal of some 

bans since January 1, 2007 the current currency legislation still contains some restrictions including a ban on 

exchange operations between residents with the exception of operations that are allowed by the Law on 

Currency Regulation and Currency Control and normative legal acts of the Central Bank of the Russian 

Federation. These limitations may influence the Issuer’s possibility to make some deals necessary for 

successful business activity. Major changes in the legislation of currency regulation and currency control can 

lead to the difficulty to fulfill contractual obligations with contracting parties. 

2. There are similar circumstances in estimating legal risks caused by changes in custom regulations and 

custom duties. Imposition of an export custom duty on the Issuer’s produces can have a considerable negative 

effect on the Issuer’s financial condition and operating results. 

3. Taking into account systematization and regulation of the most questions legislatively (at the level of 

federal laws and codified normative legal acts), the Issuer estimates the legal risks related to changes in tax 

legislation as average. The Issuer permanently responds to the changes in the tax legislation to meet 

requirements fully and adequately. 

The tax legislation of the Russian Federation is subject to frequent changes. In Issuer’s 

opinion, these risks influence the Issuer as well as other subjects of the market. 

The changes related to the following factors can have an adverse impact on the Issuer’s 

activity: 

- changes or addendums to taxation and revenue legislation increasing a tax rate; 

- introduction of new taxes; 

- other changes in Russian tax system. 

These essential modifications and other changes of the tax legislation can lead to increase of 

tax payment and as a result to reduction of the Issuer’s net profit. The changes of the Russian tax system can 

have a considerable adverse effect on investment attractiveness of the Issuer’s stock. 

Russian companies pay considerable tax charges of different kinds. These taxes include: 

- profit tax; 

33

- value added tax; 

- tax on natural resources production; 

- land tax; 

- transport tax; 

- net worth tax. 

In Russia normative legal acts and subordinate legislation regulating the said taxes do not 

have a long history of application in comparison with other countries, thus, a law enforcement practice is 

often equivocal and is not completely formed yet. At the present moment there are a few general accepted 

explanations and interpretations of the tax legislation. Different ministries, departments and legislative 

authorities often have different opinions concerning an interpretation of the tax legislation, creating 

confusion and possibilities for conflicts. These factors create Russian tax risks that are much higher than the 

same risks in the countries with a more developed tax system. 

The tax system in Russia is often changed and tax legislation is sometimes inconsistently 

applied at the federal, regional and local levels. In some cases, new tax rules can be retroactive. In addition to 

the current burden of taxation, these circumstances complicate tax planning and taking corresponding 

decisions. Incompleteness of the legislation puts the Issuer at risk to pay considerable fees and penalties, in 

spite of the Issuer’s tendency to comply with the legislation that can lead to increase of taxation burden. New 

taxes can be introduced in Russia. Consequently, the Issuer can be obliged to pay heavier taxes that can have 

a considerable adverse impact on the Issuer’s activity. In recent years due to the tax reform the tax system of 

the Russian Federation underwent considerable changes. New laws reduced the quantity of taxes and general 

taxation burden on business in Russia and simplified the tax legislation. Nevertheless, new tax legislation still 

has many opened questions that complicates tax planning and taking corresponding decisions. 

In case of tax legislative changes, the Issuer intends to plan its financial and economic 

activities taking into account these changes. 

4. Legal risks related to the change of requirements for licensing of the Issuer’s main activity or for licensing 

of the rights to use objects of limited turnover (including the natural resources) are also estimated by the 

Issuer as low because the list of licensed activities and legal license regulation are relatively established and 

regulated by the Law of the Russian Federation "On the Subsurface", the Federal Law "On Licensing 

Certain Activities" and other federal laws and subordinate acts. A general policy of the Russian Federation in 

this sphere is oriented to reduce administrative barriers for business activity and to liquidate excessive 

functions of ministries and departments, to simplify the procedure of license obtaining and reissuance, to 

provide openness and availability of information about licensing for businessmen. 

In case of considerable changes of requirements for licensing of the Issuer’s activity or for 

licensing of the rights to use objects of limited turnover, the Issuer will take all necessary measures to obtain 

appropriate licenses and permissions. 

5. Antimonopoly regulation which formed in the countries where the Issuer carries out his activities may have 

a negative impact on the activities of the Issuer. In particular, in some countries the Issuer’s activity may 

become an object of various antimonopoly orders, including but not limited to, his activities connected with 

his possession of 50% of shares of joint enterprise BPC in Belarus. BPC, the Issuer and OJSC Belaruskali 

may in some countries come within the purview of antimonopoly legislation, because BPC simultaneously 

sells the products of the Issuer and his immediate competitor, OJSC Belaruskali. Besides, the Issuer is 

entered by Federal Antimonopoly Service of Russia in the register of bodies which have a share in potash 

chloride market over 35%, which imposes a number of additional limitations and requirements on the Issuer. 

Any antimonopoly orders, as well as accusations of violations of antimonopoly legislation may have a 

significant negative impact on the financial state and the results of activities of the Issuer. 

In 2008, some potash chloride consumers, including Minn-Chem, Inc., Gage's Fertilizer & Grain, Inc. and 

some other companies, brought civil antimonopoly actions in federal courts of Minnesota and Illinois states 

in USA against the Issuer, BPC, and some other potash chloride manufacturers and sellers, including Potash 

Corporation of Saskatchewan, Inc., OJSC Silvinit, RUE PA Belaruskali and others. The claims point out 

fixing and maintaining prices by the defendants in violation of Sherman Act (USA) during the period from 

34

July 1, 2003, and contain a request to examine the claims as class-specific in defense and on behalf of all 

bodies holding a position similar to that of plaintiffs. The Issuer is intended to resolutely defend himself in 

legal proceedings on all the indicated and similar claims. 

6. The Issuer’s activities are to a considerable degree governed by the legislation on environmental protection. 

Any changes in the legal regime of environmental protection may lead to extra expenses on the part of the 

Issuer which he did not plan. 

Also, there is a risk of conflicts with state bodies or nongovernmental organizations, including ecological 

organizations as a result of raised standards set to the activities of the Issuer in the sphere of environmental 

protection. Operating activities of the Issuer are connected with risks as related to health care, industrial and 

environmental safety characteristic of mining branch. The Issuer incurs and will incur significant capital and 

operating expenses while fulfilling the toughening requirements of the Russian legislation and government 

control in relation to environmental protection, health care and industrial safety. Accordingly, one cannot be 

absolutely sure that future expenses for measures and fulfillment of obligations connected with 

environmental protection, health care and industrial safety issues won’t have a significant negative impact on 

the Issuer’s activities and cost of his securities. New normative legal acts, introduction of more rigid 

requirements to licensing, toughening or new treatment of environmental law or appearance of new types of 

pollution may require extra expenses. 

7. Changes in judicial practice concerning questions related to the Issuer’s activities (including those related 

to licensing issues), are with a higher probability possible for the better both for the results of his activities 

and the results of the current legal proceedings where the Issuer participates. Arbitration court system in the 

Russian Federation adheres to the principle of supremacy of law during proceedings in a case and protects 

the rights of the Issuer quite efficiently in case they are infringed which creates a relevant practice. 

Therefore, legal risks connected with changes in judicial practice concerning questions related to the Issuer’s 

activities (including those related to licensing issues) which may have a negative impact on the results of his 

activities, as well as on the results of the current legal proceedings where the Issuer participates, are estimated 

by him as low. 

The Issuer studies the changes in judicial practice related to his activities (including those related to licensing 

issues) carefully in order to maintain operative accounting of these changes. Judicial practice is analyzed 

both on the level of Supreme Court of the Russian Federation, Supreme Arbitration Court of the Russian 

Federation and on the level of district federal arbitration courts, legal proposition of Constitutional Court of 

the Russian Federation regarding certain law enforcement issues is analyzed, too. 

In case of changes in judicial practice concerning questions related to the Issuer’s activities, the Issuer is 

intended to plan his financial and economic and production activities with consideration of such changes. 

One of the main problems of the judicial system of Russian is inefficiency of the existing system of 

enforcement of judicial decisions, which may result in difficulties of execution of judicial decisions in 

practice. 

Risks of incorrect application of legal norms appear when making and implementing management decisions. 

The Issuer adopts measures focused on decrease of such risk, and in particular: 

- In relation to draft documents, the Issuer makes legal, financial and accounting expert examination, 

and (depending on the document contents) technical expert examination; 

- The Issuer arranges, on a regular basis, professional development of employees of legal, financial, 

accounting, personnel, technical and all other departments; 

- As and when necessary, the Issuer uses the services of independent legal, financial, management, 

technical and other advisers. 

8. New investigation of causes of flooding of BKPRU-1 mine of OJSC Uralkali. 

On October 17, 2006 on one of the sites of the oldest mine in the company BKPRU-1, excessive uncontrolled 

groundwater inflow was detected. The work of this mine was stopped and further production plans of the 

company were reviewed. On October 28, 2006 the Committee for investigation of the causes of accident, 

formed by the Federal Service for Environmental, Technological, and Nuclear Supervision (Rostechnadzor) 

35

made an inquiry concerning the causes of flooding and came to the conclusion that the main cause was 

"previously unknown geological anomaly", whereas the reserves processing in the fault section were carried 

out in compliance with the normative documents of that time. The circumstances prior to the accident were 

classified by the Committee as "extraordinary and unavoidable under these circumstances", and "beyond the 

reasonable control of the participants of the legal relations". 

However on November 11, 2008 Rostechnadzor issued an order on formation of the Committee for additional 

investigation of the causes of accident in the BKPRU-1 mine of OJSC Uralkali. 

According to the new investigation act prepared on January 29, 2009 the cause of the accident was "the scope 

of geological and technological factors". Geological factors include "anomalous structure of salt and 

suprasalt stratum". Technological factors include "process technology previously used by the subsoil user" 

that is: processing of two Silvinit stratums with the high level of pillars stress", "lack of softening zones at the 

permanently left mines borders", "not keeping the protective pillar under the railway", "not fully executing 

the stowing operations with great delay". 

The new investigation act lists expenses on rectification of the consequences of the accident at the moment of 

investigation. Among these are budget expenditures of all levels, including expenditures on relocation of 

inhabitants of Berezniki and expenditures on construction of bypass 6 kilometer railroad. The aggregate 

amount of all these expenses listed in the act makes up, at the moment of investigation, about 3.1 billion 

rubles. 

To date, there are no judicial decisions which enjoin OJSC Uralkali on making payment of the expenses 

indicated in the act. Nevertheless, in April 2009, OJSC Uralkali voluntarily and within the framework of 

social responsibility of the company transferred about 2.3 billion rubles to budget income of Perm Region and 

about 36 million rubles to the budget of Berezniki to cover expenses connected with rectification of the 

consequences of the accident, and in December 2009, financed construction deficit of 53-kilometer railway 

section Yayva-Solikamsk in the amount of 5 billion rubles and compensated for the expenses of OJSC RZhD 

in the amount of 0.454 billion rubles for the construction of 6-kilometer bypass rail road. Besides, in March 

2010, the Board of Directors of OJSC Uralkali adopted a resolution that the Issuer is ready to voluntarily and 

within the framework of social responsibility of the company compensate for the additional expenses in the 

amount of 1 billion rubles connected with construction of 53-kilometer railway section Yayva-Solikamsk. 

The Issuer leaves open the possibility of claims on compensation for expenses connected with rectification of 

the consequences of the accident, the amount of which may be considerable. 

2.4.5. Risks associated with the Issuer’s activities 

1. Risks connected with current legal proceedings where the Issuer participates - such risks have been 

assessed by OJSC Uralkali as "low". Arbitration court system in the Russian Federation protects the rights of 

the Issuer quite efficiently, if they are infringed, which created the relevant judicial practice. 

At the same time, the Issuer and his associated companies may become members of some significant judicial 

examinations. 

So, in 2008 some potash chloride consumers, including Minn-Chem, Inc., Gage's Fertilizer & Grain, Inc. and 

some other companies, brought civil antimonopoly actions in federal courts of Minnesota and Illinois states 

in USA against the Issuer, BPC, and some other potash chloride manufacturers and sellers, including Potash 

Corporation of Saskatchewan, Inc., OJSC Silvinit, RUE PA Belaruskali and others. The claims point out 

fixing and maintaining prices by the defendants in violation of Sherman Act (USA) during the period from 

July 1, 2003, and contain a request to examine the claims as class-specific in defense and on behalf of all 

bodies holding a position similar to that of plaintiffs. 

2. Risks connected with impossibility to extend the Issuer’s license for carrying out certain activities or using 

facilities the use whereof is limited (including natural resources): The Issuer pays a lot of attention to these 

risks as in April 2013 the current licenses for production of minerals will expire. During the process of 

repeated filing of the corresponding licenses and permits the coordinating bodies may issue remarks in order 

to eliminate which the Issuer may need some additional time. 

36

3. Risks associated with possible liability of the Issuer for third party debts, including those of associated 

companies of the Issuer: the risk of possible liability of the Issuer for third party debts is insignificant in the 

context of the Issuer’s practice in incurrence of such liabilities in the total amount considerably lower than 

the amount of assets of the Issuer. The Issuer constantly controls financial and economic activities of the 

associated companies through management bodies of such associated companies, which minimizes the risk of 

possible liability of the Issuer for debts of associated companies of the Issuer to a sufficient extent; 

4. Risks connected with a possibility of loss of consumers, the turnover whereof is no less than 10 percent of 

total sales (works, services) revenue of the Issuer: notwithstanding the fact that the Issuer predominantly sells 

his products to a limited number of large customers, this risk is estimated by the Issuer as low, because the 

products manufactured by the Issuer is constantly in demand and his geographic reach, especially abroad, is 

extending unequivocally. In case such situation occurs, the Issuer will make every possible effort to attract 

new large consumers. 

5. Other risks: 

Besides the above mentioned risks, the Issuer is also subject to certain risks connected with the activities of 

his main subsidiaries and/or affiliates, in particular, OJSC Baltic Bulk Terminal (BBT) and JSC Belarusian 

Potash Company (BPC). In relation to BBT, the most significant risks group consists of risks connected with 

absence of contracts of long-term lease of land lots which host the registered immovable property objects 

which are included in haulage systems of BBT 

and are necessary for BBT to carry out its main activities in arranging overseas transportation of the Issuer’s 

products to its buyers. 

In relation to BPC, the Issuer is primarily subject to risks connected with legal regulation of the activities of 

BPC which is established and is carrying out its activities in accordance with the legislation of the Republic of 

Belarus. Besides, a significant risk group connected with the activities of BPC is represented by risks coming 

from the necessity to provide collaborative efficient management of BPC as a joint venture the shares whereof 

belong to the Issuer, OJSC Belaruskali and State association Belarusian Railroad. 

The present section describes the risks which, in the opinion of the Issuer, are significant. Probably there are 

other risks which are not included in the given section. Other risks which the Issuer does not know about or 

which are at the present time, in the opinion of the Issuer, not significant for him, may potentially have a 

negative impact on the economic activities of the Issuer. 

III. Detailed Information about the Issuer 

3.1. History of creation and development the Issuer 

3.1.1. Information about the company name (name) of the Issuer 

Full company name of the Issuer: Open Joint-Stock Company Uralkali 

Date of introduction of the acting full company name: 18.04.1996 

Shortened business name of the issuer 

Abbreviated corporate name: OJSC Uralkali 

Effective date of name: 18.04.1996 



The Chart of the Issuer includes several shortened company names 

Company name of the Issuer (name for a nonprofit organization) is registered as trademark or service mark 

37

Information on registration of specified trade marks: 

trade mark – Uralkali (Уралкалий) 

1. Certificate of trademark registration No. 279715 (Russia) 

Application No. 2003718533 in color picture in English. 

Application date 24.09.2003 

Registration date 06.12.2004 

Duration of trademark 24.09.2013 


Application No. 2003718532 in color picture in Russian 





Application No. 2003721235 in black and white picture in Russian 





Application No. 2003721688 in black and white picture in English 




5. Certificate of trademark registration No. 844071 (Madrid protocol countries, including the 

following countries: Belarus, Benelux countries, China, Czechia, France, Germany, Hungary, 

Italy, Poland, Slovakia, Spain, Ukraine, Vietnam), (countries of Madrid protocol, including 

Australia, Japan, UK, USA) 




6. Certificate of trademark registration No. 728.690 (Chile) 




7. Certificate of trademark registration No. 707834 (New Zealand) 




8. Certificate of trademark registration No. 288918 (Columbia) 

Date of application submission 14.02.2004 



9. Certificate of trademark registration No. 844071 (Japan) 


38



10. Certificate of trademark registration No. ТМА 630.712 (Canada) 

Application No. 1205337 




11. Certificate of trademark registration No. ТМ 214749 (Thailand) 

Application No. 544579 




12. Certificate of trademark registration No. 171161 (Israel) 




13. Certificate of trademark registration No. 78262 (Jordan) 




14. Certificate of trademark registration No. 514045 (India) 




15. Certificate of trademark registration No. 3 100.947(USA) 




16. Certificate of trademark registration No. 4-2004-001197 (Philippines) 




17. Certificate of trademark registration No. 2004/01710 (RSA) 




18. Certificate of trademark registration "Uralkali" No. 04001686 (Malaysia) 




19. Certificate of trademark registration "Uralkali" No. IDM000048625 (Republic of Indonesia) 

Application date: 16.02.2004 

39



20. Certificate of trademark registration "Uralkali" No. 84298 (Bangladesh) 


Date of registration: 14.01.2010 


21. Certificate of trademark registration "Uralkali" No. 4792749 (China) 




All the previous names of the Issuer for the time of its existence 

Full corporate name: Production Self-supporting Association Uralkali 

Abbreviated corporate name: PО Uralkali 


Basis for introduction of the name: 

state registration of the Issuer as a legal body. 

Full corporate name: Joint Stock Company of the open type Uralkali 

Abbreviated corporate name: JSCOT Uralkali 



Regulation of Property Management Committee of Administration of Perm Region No. 395-к dated 

06.10.1992; 

Regulation of Berezniki City Administration of Perm Region No. 1128 dated 14.10.1992; 

transformation of a state enterprise into joint-stock company in the process of privatization. 

Full corporate name: Open Joint-Stock Company Uralkali 




General Shareholder Meeting of JSC Uralkali (Protocol No. 3 dated 29.03.1996); 

bringing the name of the joint stock company in correspondence with the Federal Law No. 208-ФЗ "On Joint 

Stock Companies" dated 26.12.1995. 

3.1.2. Information about the Issuer's state registration 

Data on the first state registration 

State registration number: 1128 

Date of state registration: 14.10.1992 

Name of registering authority: Berezniki City Administration of the Perm Region (Decree of the Head of the 

City Administration) 

Information about legal entity's registration: 

Primary State Registration Number of legal entity: 1025901702188 

Date of introduction of entry on the legal body registered before July 1, 2002, into the Consolidated State 

Register of Companies: 11.09.2002 

Name of registering authority: Interdistrict Inspectorate of the Ministry of Taxes and Levies of the Russian 

40

Federation No. 2 in the Perm Region and the Komy-Permyak Autonomous Area 

3.1.3. Information about the Issuer’s Establishment and Development 

The Issuer is created for an uncertain term 

Brief description of the Issuer’s history of creation and development. Purposes of incorporation of the Issuer, 

mission of the Issuer (if any), and other information about the Issuer’s activity that is important for making 

decisions to acquire the Issuer’s securities. 

The Issuer's Enterprise was founded and began its development as a state production enterprise. In 1927, 

construction of the first industrial mining complex began in Solikamsk (the Northern Urals). Construction of 

the First Potash Mining Complex was also launched in Berezniki in 1930. Four production complexes of the 

Issuer were commissioned between 1957 and 1987. In conditions of plan economics during the soviet period 

all the products of the Issuer were distributed in the domestic market. In 1992, the Potash Fertilizers 

Production State Enterprise was privatized. As a result of privatization a new legal entity was created that 

became the owner of potash mining and production assets. Under conditions of market economy and 

lessening of demand for potash chloride in the internal market the Issuer began to carry out export 

operations through an independent trade agent. In 1997, the Russian Stock Exchange started circulating the 

Issuer's ordinary shares. During the period from 2002 to 2005 the Issuer invested into the construction of its 

own Loading Terminal, intended for loading/unloading mineral fertilizers and situated in the seaport of 

St. Petersburg. The transport complex began to operate for CJSC Baltic Bulk Terminal (BBT) of which the 

Issuer is the sole owner. In the same period the Issuer began forming its own carriage rolling stock for 

transportation of mineral fertilizers. 

In the process of its activity the Issuer used both independent traders and an associated company, created 

specially for sales objectives, and came to the conclusion about possibility of establishing a joint enterprise 

with RUP PA Belaruskali as an equal partner for carrying out export activity. In 2005, the Issuer purchased a 

50% share in the joint enterprise, CJSC Belarus Kali Company (BPC), for the purpose of potash export via 

BPC from 2006. In 2007, public offering of global depository receipts of the Issuer was held on the London 

Stock Exchange. 

In February 2011, extraordinary general meetings of shareholders of OJSC Uralkali and OJSC Silvinit took 

place and a number of resolutions were adopted including those on matters related to reorganization of OJSC 

Uralkali and OJSC Silvinit in the form of merger of OJSC Silvinit with OJSC Uralkali. 

In May 2011, reorganization of OJSC Silvinit and OJSC Uralkali in the form of OJSC Silvinit's merger with 

OJSC Uralkali was competed, OJSC Silvinit ceased its activity and all its rights and obligations passed to the 

Issuer. 

In April 2012, OJSC Uralkali, CJSC "SP Kama, CJSC IC Silvinit-Resurs, OJSC Kamsk Mining Company 

held extraordinary general meetings of shareholders to make decisions related to reorganization of OJSC 

Uralkali and the above mentioned legal entities in the part of their connection to OJSC Uralkali. 

In August 2012, the above mentioned reorganization by means of connection was completed. 

After completion of connection of OJSC Kamsk Mining Company OJSC Uralkali started the process of 

preparation of reforming of earlier owned by OJSC Kamsk Mining Company license for the right to use the 

subsoil reaches with the purpose of analysis and potassium and magnesium salts production in the 

Polovodovsky subsoil of the Verkhnekamskoye deposit. As of today, the Issuer is one of the world's largest 

potash fertilizer producers. 

The main production facilities of OJSC Uralkali are located in the Perm Region and Saint-Petersburg; and 

the Issuer also has a substantial sales network including its share in the joint enterprise BPC. 

The key sale markets are China, Brazil, India and Russia. OJSC Uralkali products are also sold in the 

European and U.S. markets, in the Southeast Asia, Africa and Middle East. 

OJSC Uralkali produces three main types of potash fertilizer: Granular, white and red potash chloride 

(MOP). Each of them is produced from potassium ore containing potash chloride mixed with other natural 

minerals. Types of OJSC Uralkali products differ in potassium content, consistency and production method. 

The Issuer opened representative office in the city of Moscow and a subsidiary in the town of Solikamsk of 

the Perm region. 

Manufacturing capacities of OJSC Uralkali are located in the towns of Berezniki and Solikamsk within about 

200 km to the North from the city of Perm. The cities are connected with each other by federal highway, 

railway and the Kama River. 

41

3.1.4. Contact information 

Place of residing of the issuer 

63 Pyatiletki, Berezniki, Perm Region, 618426 Russia 

Telephone: (3424) 29-61-35 

Fax: (3424) 29-61-00 

Email: uralkali@uralkali.com 

URL of the Internet page (pages) where the information about the Issuer and the securities issued and/or to be 

issued by the Issuer is available: www.uralkali.com; http://www.e-disclosure.ru/portal/company.aspx?id=1233 

Name of the Issuer’s special department for relations with the Issuer’s shareholders and investors: Department 

of work with investors and capital markets 

Moscow Office location: 119034, Moscow, 7 Butikovsky Lane, 4 th floor 

Telephone: +7 (495) 730-23-71 

Fax: +7 (495) 730-23-93 

Email: Anna.Batarina@msc.uralkali.com 

Internet page URL: www.uralkali.com 

3.1.5. Identification number of the taxpayer 

5911029807 

3.1.6. The Issuer’s Subsidiaries and Representations 

During the reporting quarter, no changes were entered into the content of subsidiaries and representative 

offices of the Issuer. 

3.2. The Issuer’s main economic activity 

3.2.1. The Issuer’s sector appurtenance 

Main industrial direction of activities of the Issuer in accordance with OKVED: 24.15 

OKVED (All-Russian Classifier of Types of 

Economic Activity) codes are as follows: 

14.30 

14.40 

40.10.14 

40.10.2 

40.30.13 

40.30.14 

40.30.2 

41.00.2 

55.12 

55.23.1 

55.23.5 

55.40 

42

60.10.2 

63.40 

64.20.11 

70.20.2 

71.21.1 

71.21.2 

85.11.2 

90.00.1 

92.72 

3.2.2. The Issuer’s main economic activity 

Types of economic activity (types of activity, products (works, services)) that provided no less than 10% of the 

Issuer's receipts for the reporting period 

Unit: rub. 

Kind of economic activities: Production of fertilizers and nitrogen compounds (Potash chloride) 


Total receipts (volume of sales) from this type of economic 

activity, rub. 

Share of receipts (volume of sales) from this type of economic 

activity in the total volume of receipts (volume of sales) of the 

Issuer, % 

62,704,812,598 87,669,110,553 

98 97 

10 or more percent change in the Issuer's amount of sales receipts (volume of sales) from its main economic 

activity compared to the similar reporting period of the previous year and causes of such changes 

Increase of sales volumes (figures for the 9 months of 2012 were calculated for OJSC Uralkali in view of 

consolidation with OJSC Silvinit as from 17.05.2011). 

III quarter of 2012-the share of receipts from the main economic activity in the total receipts is 97% 

Seasonal nature of the Issuer's main economic activity 

The Issuer's sales in different markets are affected by seasonality. Due to seasonal diversity in the Issuer's 

sales markets, the Issuer sells its products in different geographical markets in order to maintain steady 

production and sales volume throughout the year. This way the Issuer seeks to smooth seasonal changes in 

the results of its financial activity. 

General structure of the Issuer's cost 

Name of budget item 2012, 9 

months 

Raw and other materials, % 

Component parts and semi-finished products purchased, % 

4.79 

Production works and services provided by outside agencies, % 44.41 

Fuel, % 2.6 

43

Electric power, % 6.09 

Labor costs, % 11.51 

Loan interests, % 

Rental payment, % 0.23 

Allocations for social needs, % 2.46 

Amortization of fixed assets, % 16.26 

Taxes included in the production cost, % 2.31 

Other expenses (details) 

Amortization of intangible assets, % 0.02 

Remuneration for rationalization proposals, % 0.01 

Compulsory insurance payments, % 0.07 

Representational expenses, % 0.002 

other, % 9.24 

Total: Expenses on manufacturing and sale of products (works, services) (selfcost), 

% 

For reference: Receipts from sales of products (works, services), % to self-cost 252.32 

New types of products (works, services) of substantial importance offered by the Issuer in the market of its main 

economic activity to the extent corresponding to publicly available information about such types of products 

(works, services). Stage of development of such types of products (works, services). 

New types of products (works, services) of substantial importance: none 

Standards (rules), under which financial statements are prepared and calculations are made, as outlined in this 

clause of the quarterly report: 

- Federal Law dated 21.11.1996 No. 129-ФЗ (as revised in the last changes as of 28.11.2011 No. 339-ФЗ) 

"Concerning Accounting" (adopted by the State Duma of the Federal Assembly of the Russian Federation 

23.02.1996); 

- Order of the Ministry of Finance of the Russian Federation dated 02.07.2010 No. 66н "On forms of 

accounting statements of organizations" (as revised in the last changes as of 05.10.2011 No. 124н.); 

- Accounting Regulation "Accounting policies of an organization" (PBU 1/2008, approved by the order of the 

Ministry of RF on 06.10.2008 No. 106н (as revised in orders of the Ministry of Finance of RF dated 

11.03.2009 No. 22н dated 25.10.2010 No. 132н, dated 08.11.2010 No. 144н); 

- Accounting Regulations "Company’s Accounting Reports" PBU 4/99 approved by Order of Ministry of 

Finance of Russia No. 43н of July 6, 1999 (Revision of Orders of Ministry of Finance of Russia No. 115н of 

September 18, 2006 and No. 142н of November 8, 2010); 

- Accounting Regulations "Income of an organization" PBU 9/99, approved by the order of the Ministry of 

Finance of RF on 06.05.1999 No. 32н (as revised in orders of the Ministry of Finance of RF on 30.03.2001 

No. 27н, dated 18.09.2006 No. 116н, dated 27.11.2006 No. 156н, dated 25.10.2010 No. 132н, dated 18.11.2010 

No. 144н); 

- Accounting Regulations "Expenditures of an organization" PBU 10/99, approved by the order of the 

Ministry of Finance of RF on 06.05.1999 No. 33н (as revised in orders of the Ministry of Finance of RF on 

30.03.2001 No. 27н, dated 18.09.2006 No. 116н, dated 27.11.2006 No. 156н, dated 25.10.2010 No. 132н, dated 

08.11.2010 No. 144н). 

- Accounting regulations "Correction of mistakes in accounting statements and reports" PBU 22/2010, 

approved by the order of the Ministry of Finance of RF on 28.06.2010 No. 63н (as revised in orders of the 

Ministry of Finance of RF on 25.10.2010 No. 132н, on 08.11.2010 No. 144н). 

3.2.3. The Issuer’s materials, goods (raw stock) and suppliers 

9 months 2012 

The Issuer's suppliers with no less than 10 percent of all materials and goods (raw stock) supplied 

Suppliers accounting for no less than 10 percent of all materials and goods (raw stock) supplies: none 

100 

44

Information about more than 10% price changes for main materials and goods (raw stock) during the relevant 

reporting period compared to the relevant reporting period of the previous year 

Information about more than 10 per cent price changes for main materials and goods (raw stock) during the relevant 

reporting period compared to the relevant reporting period of the previous financial year or about the absence of such a 

change" 

Name 

Meas. 

units 

Price change 

Roller_159х425х29_1200_upper_metal pcs -19% 

Roller support_100-127-30_chain with rollers_3 pcs pcs -10% 

Technical ferrocyanic potassium_CAS No. 13943-58-3 t 11% 

Roof bolting_КА-1.5_L=1500mm_(kit) 

Nonflammable (not easily combustible) fabric-ply belt_2ШТС (GTP)-ЕР-1600pcs 

11% 

1200х4-3/3 lm 12% 

Dust suppressor t 13% 

Amino-formaldehyde rubber_КС- МФ t 13% 

Endless fabric-ply belt with corrugated edge_1070-28,15-24-150 pcs 17% 

Alkylamine_С14-18 (HYHAPR-HTD)_special container 500 kg t 18% 

Alkylamine_С14-18 (HYHAPR-HTD)_bag 10 kg t 20% 

Impeller_БИ3.00.01.020, ПЛ2112.2.СБ, (14.4-111)000 pcs 20% 

Oxygen mine self-rescuer_ШСС-Т pcs 21% 

Oil-heat-frost-resistant rubber fabric conveyor belt _2.МТМ-EP-200-1000х5-5/2 lm 24% 

Stator_БИ3.00.01.110, ПЛ2111.СБ, П14.32.02.27.020 pcs 25% 

Diesel fuel_GOST R 52368-2005 (ЕН 590:2004) t 25% 

Carbamide_А,Б t 36% 

Polyacrylimide_Accoflock А-97 t 39% 

The import share of materials and goods supplies and forecasts with regard to the availability of import sources 

in future and to the possible alternative sources: 

"Specify separately the share of import in overall deliveries of materials and goods to the Issuer. Provide the Issuer's 

forecasts in relation to the availability of these sources in future and to the possible alternative sources" 

Name 

Legal address Physical address Share in 

deliveries 

FAMAKO 

ANLAGENEXPORT FRIEDENSTR. 58, D-15366 

FRIEDENSTR. 58, D-15366 

GMBH 

NEUENHAGEN BEI BERLIN NEUENHAGEN BEI BERLIN 1.80% 

1-13-5, FUJIE BLDG., THIRD 1-13-5, FUJIE BLDG., THIRD 

SANTECH COMPANY FLOOR, SEN CHON CHO, NISHI- FLOOR, SEN CHON CHO, NISHI- 

LTD 

FACTORY OF 

KU, YOKOHAMA, 220-0072 

KU, YOKOHAMA, 220-0072 1.17% 

TRANSPORTER BELTS 

WOLBROM 32-340, UL 1 MAJA, 

WOLBROM S.A. 

FENIWA 

INDUSTRIEARMATUR 

WOLBROM 32-340, UL 1 MAJA, 100 100 1.06% 

EN GMBH SPITTELMARKT 12 10117 BERLIN SPITTELMARKT 12 10117 BERLIN 0.51% 

DEPARTMENT JPG D-51369 DEPARTMENT JPG D-51369 

LANXESS 

LEVERKUSEN-BAYERWERK, LEVERKUSEN-BAYERWERK, 

DEUTSCHLAND GMBH 

BRIDON 

GERMANY 

GERMANY 0.36% 

INTERNATIONAL MAGDEBURGER STRAßE 14A, D- MAGDEBURGER STRAßE 14A, D- 

GMBH 

FRIEDRICH 

SCHWINGTECHNIK 

45881, GELSENKIRCHEN 

45881, GELSENKIRCHEN 0.34% 

GMBH AM HÖFGEN 24 42781 HAAN AM HÖFGEN 24 42781 HAAN 0.15% 

ROTHAUSSTRASSE 61 CH-4132 ROTHAUSSTRASSE 61 CH-4132 

CLARIANT SE 

MUTTENZ 

MUTTENZ 0.14% 

45

AKZONOBEL 

SURFACE CHEMISTRY 

AB 

S-444 85 STENUNGSUND, 

SWEDEN 

S-444 85 STENUNGSUND, 

SWEDEN 0.13% 

FERRUM AG 

CENTRIFUGE 

TECHNOLOGY CH-5102 RUPPERSWIL CH-5102 RUPPERSWIL 0.13% 

SANDVIK MINING AND 

CONSTRUCTION 

GMBH ALPINESTRAßE 1, 8740 ZELTWEG ALPINESTRAßE 1, 8740 ZELTWEG 0.08% 

MINING 

TECHNOLOGY S.I.M. 

AG 

SIHLPORTE, 3, POSTFACH 3580, 

CH 8021 ZURICH 

SIHLPORTE, 3, POSTFACH 3580, 

CH 8021 ZURICH 0.01% 

TOTAL 5.87% 

Issuer has permanent relationships with these suppliers. No limited access to the materials is foreseen. There 

are alternative sources for all the range of delivered materials and goods. 

3.2.4. The Issuer's products (works, services) sales markets 

The key markets where the Issuer conducts its activity: 

Domestic market. 

In the domestic market the Issuer ships its products to the most of traditionally agricultural regions of the 

country, such as: Krasnodar area, Lipetsk, Belgorod regions. The Issuer's products are purchased by 

compound fertilizer production plants, the Ministry of Nuclear Energy's enterprise, oil-production 

enterprises, etc. Compound fertilizer manufacturers purchase more than 80% of the total sales of potash 

chloride in the Russian market. 

Volumes of potassium chloride (in natural units) shipped to the domestic market in the III quarter of 2012 are 

12% higher than the volume of products shipped to the domestic market in the II quarter of 2012 and 9% 

higher compared to the relevant period of 2011. 

Prospects for potassium and other mineral fertilizers consumption growth in the Russian agricultural 

production in 2012 remain the same due to the great attention of the Russian Federation Government. In 

particular, according to the State program of agriculture development and agricultural products, raw 

materials and food products markets regulation for 2008-2012, it is planned to subsidize a share of expenses 

on mineral fertilizers purchase from the Federal budget. Pursuant to the government program the amount of 

subsidies for purchasing mineral fertilizers in 2012 will amount 5.4 billion rubles. In accordance with the 

projection of this program the quantity of required mineral fertilizers for applying in 2012 amounts to 3 

million tons (in terms of 100% active substances) that is 11% more than planned performance of applying 

mineral fertilizers into the soil in 2011. 

Also, with the purpose of increasing volumes of mineral fertilizers supply in 2008-2012 the Russian Fertilizers 

Producers Association and the Agroindustrial Union of Russia on October 17, 2008 signed the Agreement 

aimed at satisfying the Russian agricultural producers' demand for mined fertilizers in 2008-2012. Russian 

Fertilizers Producers Association was founded in July 2008 by the largest Russian mineral fertilizer 

producers. The Agreement is aimed at satisfying the agricultural producers' demand for mined fertilizers. 

Proposals regarding the necessary volume of fertilizers (with region wise differentiation in nomenclature) will 

be prepared by Rosagropromsoyuz on the basis of the data by the Ministry of Agriculture of the Russian 

Federation. Besides, the document determines the key economic principles of cooperation, thus it is 

recommended to the members of the Russian Association of Fertilizer Producers to use market principles of 

price formation. 

In order to comply with the conditions of the Agreement, the Issuer has determined the maximum price level 

of 4,760 rubles per ton (FCA, VAT excluded, no package) for potash chloride to be supplied to the Russian 

agricultural producers in 2012. 

International markets. 

The Issuer supplies its products to the external market through the trading companies Uralkali Trading S.A. 

46

(Switzerland) and CJSC Belorussian Potassium Company (Belarus). The major countries-consumers are 

Brazil, India, China, USA and countries of Southeast Asia. 

Factors that may have an adverse impact on the Issuer's sales of its products (works, services) and the Issuer's 

possible actions aimed at reducing such an impact: 

In 2011 the volume of global consumption of potash chloride was recovered to the pre-crisis level. Despite 

some reduction of demand on the global market of potash fertilizers in the I quarter of 2012, the market 

returned to its normal volumes in the II quarter due to high demand in Brazil and seasonal burst of 



markets of India and China. 

The volumes of OJSC Uralkali potassium chloride export sales (in natural terms) in the III quarter of 2012 

are 13% lower than those in the relevant period of 2011. The volume of export supply in the III quarter of 

2012 increased by 16% compared to the II quarter of 2012. 

Besides, the possible factors that may have a negative impact on sale of the Issuer's products also include 

imposing anti-monopoly and anti-dumping measures in the Russian Federation and the EU countries which 

may lead to increase in price for the Issuer's products or hinder their export. But the Issuer deems these 

factors to be insignificant. 

3.2.5. Information on whether the Issuer has permits (licenses) or admissions to certain types of 

works 

Body (organization) which issued the corresponding permit (license) or admission to certain kind type of work: 

Ministry of Natural Resources of the Russian Federation 

Number of permit (license) or document confirming receipt of admission for certain type of works: ПЕМ 00781 

ВЭ 

Kind of activities (works) the Issuer was granted corresponding permit (license) or admission to perform 

(realize): Underground water abstraction for service and drinking and technical industrial water supply 

Date of issuance of permit (license) or admission to certain types of works: 19.07.1999 

Term of validity of permit (license) or admission to certain types of works: 19.07.2019 



Number of permit (license) or document confirming receipt of admission for certain type of works: ПЕМ 

No. 01363 ТЭ 


(realize): Potassium, magnesium and rock salts extraction at the Bygelsko-Troitsky site of the 

Verkhnekamskoye deposit (mine take BKZ-4) 






No. 01362 ТЭ 


(realize): Potassium and rock salts extraction at the Durymansky site of the Verkhnekamskoye deposit (mine 

take BKRU-2) 






No. 01361 ТЭ 


47

(realize): Potassium, magnesium and rock salts extraction at the Bereznikovsky site of the Verkhnekamskoye 

deposit (mine take BKRU-1) 






No. 12328 ТЭ 


(realize): Exploration and extraction of potassium-magnesium salts at the Ust-Yayvinsky site of the 

Verkhnekamskoye deposit 




Bureau of Subsurface Resources of the Perm Region 


No. 02003 ВР 


(realize): Geological survey and extraction of underground water for service, drinking and technical 

industrial water supply to objects of the Ust-Yayvinsky mine 






No. 02075 ПД 


(realize): Construction and operation of the lower part of the skip shaft No. 1 




Federal Agency of Geodesy and Cartography 

Number of permit (license) or document confirming receipt of admission for certain type of works: 

УРГ-02593 Г 


(realize): Carrying out geodetic activity 




Federal Agency of Geodesy and Cartography 


УРГ-02594 К 


(realize): Carrying out geodetic activity 



48


The Federal Service for Ecological, Technological and Nuclear Supervision 


ПВ-48-000907 (В) 


(realize): Use of explosive materials for industrial purposes 






ХВ-48-000908 (В) 


(realize): Storage of explosive materials for industrial purposes (loading, unloading, receiving inspection, 

packing, registering, storage of explosive materials for industrial purposes and testing them in the process of 

storage) 






ПМ-48-000910 (О) 


(realize): Land surveying 




Department of the Federal Security Service in the Perm Region 

Number of permit (license) or document confirming receipt of admission for certain type of works: 1151 


(realize): For carrying out activities connected with the use of National Security Information 




Kamsky Basin Water Directorate of the Federal Agency for Water Resources 


ПЕМ No. 01038 ТРИБК 


(realize): Use of the water area of 0.281 square km for siting quays and anchorage of vessels 




Ministry of Natural Resources and Ecology of the Russian Federation 


Р/2009/1461/100/Л 


(realize): Activity in the field of hydrometeorology and related fields 

49




Ministry of Transport of the Russian Federation. Federal Service for Supervision of Transport 

Number of permit (license) or document confirming receipt of admission for certain type of works: ПРД 

No. 5903956 


(realize): Handling operations in respect of hazardous cargoes transported by rail 




Ministry of Natural Resources of the Russian Federation. Bureau of Subsurface Resources (Rosnedra) 


No. 13241 ЗЭ 


(realize): Geological survey with further dumping of potash production waste within the boundaries of the 

Remaining Area of the Verkhnekamskoye deposit in the northern skirts of the city of Berezniki 




Federal Service for Supervision of Health Care and Social Development 


No. ЛО-59-01-001678 


(realize): Carrying out medical activities 






No. ВП-48-001164 (Г) 


(realize): operation of fire explosive production facilities 






No. ВП-48-001192 (КНС) 


(realize): operation of fire explosive production facilities 






50

ВП-48-001649 (Ж) 


(realize): operation of fire explosive industrial facilities (Transportation of flammable, oxidizing, combustible 

and explosive substances, determined in Enclosure 1 to the Federal Law "On industrial safety of hazardous 

industrial facilities") 






ВП-48-001605 (Д) 


(realize): Operation of fire explosive industrial facilities (transportation of flammable substances, oxidation 

materials, combustible and explosive substances, as specified in Appendix 1 to the Federal Law "On 

industrial safety of hazardous industrial facilities" except for flour processing by producers of bread, flour 

products and confectionary) 




Federal Service for Supervision of Mass Media, Communications and Cultural Heritage Protection 

Number of permit (license) or document confirming receipt of admission for certain type of works: Ship radio 

station license No. ДЦ - 06188 in inland waterways 


(realize): Ship radio station on the motor vessel "Lena" (type REM - "ERMAK SR - 360", "FR - 7062") 




Ministry of Information Technologies and Communications of the Russian Federation, Federal 

Communications Agency (Rossvyaz) 

Number of permit (license) or document confirming receipt of admission for certain type of works: Ship radio 

station license No. ДЦ - 06188 in inland waterways 


(realize): Ship radio station at the motor vessel "Lena" (type REM - "KAMA-R", "Granit R-44") 





Number of permit (license) or document confirming receipt of admission for certain type of works: Permit 

No. 462 (GOR) 


(realize): Operation of hydro technical facilities at the sludge depository SP BKPRU-1 (III class) 






No. 463 (GOR) 

51


(realize): Operation of hydro technical facilities at the sludge depository SP BKPRU-2 (II class) 






No. 464 (GOR) 


(realize): Operation of hydro technical facilities at the sludge depository SP BKPRU-3 (II class) 






No. 465 (GOR) 


(realize): Operation of hydro technical facilities at the sludge depository SP BKPRU-4 (III class) 




Federal Supervisory Natural Resources Management Service Department of Rosprirodnadzor in the Perm 

Region 


No. 10 


(realize): Operation of hydro technical facilities at the Verkhne-Zyryanskoye Reservoir in the city of Berezniki 




The Perm Interregional Department of Technological and Ecological Supervision of the Federal Service for 

Ecological, Technological and Nuclear Supervision 

Number of permit (license) or document confirming receipt of admission for certain type of works: Permit for 

emission of harmful substances (pollutants) in atmospheric air No. 386 


(realize): Emission of harmful substances (pollutants) in atmospheric air 




Federal Supervisory Natural Resources Management Service, Department of the Federal Supervisory Natural 

Resources Management Service of the Perm Region 


emission of harmful substances (pollutants) in atmospheric air No. 03-04-0054 





52


the West-Urals Department of the Federal Service of Ecological, Technological and Nuclear Supervision 








Federal Service for Ecological, Technological and Nuclear Supervision 




(realize): Emission of harmful substances (pollutants) as part of waste or drainage water 




Federal Supervisory Natural Resources Management Service 




























(realize): Emission of harmful substances (pollutants) as part of waste or (and) drainage water BKPRU-3 

53

(outlet No. 1) 






















Main Internal Affairs Directorate of the Perm Region 


No. 040 


(realize): Storage of explosive materials 




Ministry of Information Technologies and Communications of the Russian Federation, the Federal Service 

for Supervision in the Sphere of Communications (Rossvyaznadzor) 


Series 59 No. 0477 


(realize): on the use of franking machine 




Directorate of State Supervision of Communication in the Russian Federation of the Ministry of 

Communication of the Russian Federation 


operation of radio relay communication line No. RRL-0796 


(realize): operation of radio relay communication line with BKPRU-1, 2, 3, 4 (Teletra R-13 type) 



54


Federal Communication Commission 


the use of radio frequencies or radio frequency channels No. 04-001595 


(realize): Use of radio frequencies (Technological network of radio communication, type RES-Base and 

Subscription radio stations i.Com.4) 




Federal Communication Commission 


the use of radio frequencies or radio frequency channels No. 05-007205 


(realize): Use of radio frequencies (Technological network of radio communication, type RES-Base and 

Subscription radio stations Mira, 44, BKPRU-3, BKPRU-4) 




Federal Service for Supervision in the Sphere of Mass Media, Communications and Cultural Heritage 

Protection 


the use of radio frequencies or radio frequency channels No. 291-08-0001Д 


(realize): Use of radio frequencies or radio frequency channels (Radio relay communication line, type RES- 

Malyutka-2 BKPRU-3, village M. Romanovo, village Sibir, village Taman) 




Federal Agency on Technical Regulation and Metrology 

Number of permit (license) or document confirming receipt of admission for certain type of works: License 

No. 007814-Р 


(realize): Manufacture and repair of measuring instruments 






ПЕМ No. 02096 ВЭ 


(realize): Underground water abstraction for service and drinking water supply SKRU-3 





55




(realize): Underground water abstraction for service and drinking and technical industrial water supply 

SKRU-3 






ПЕМ No. 02098 ВР 


(realize): Geological study, exploration and water abstraction for service and drinking and technical 

industrial water supply for facilities on the site SKRU-3 








(realize): For production of fresh underground waters on the site of SKRU-1 of Solikamsk mine field for 

household drinking and manufacturing technical water supply SKRU-1 








(realize): Fresh underground water production for household and drinking water supply SKRU-2 








(realize): Fresh underground water production for household drinking and production technical water supply 

for recreation center of Uralskiye samotsvety 






ПEM No. 15231 TЭ 


56

(realize): Potassium, magnesium and rock salts production in the north part of Solikamsky site of the 

Verkhnekamskoye deposit (SKRU-1 mine take). 








(realize): Potassium and rock salts production in the southern part of Solikamsky site of the 









(realize): Potassium and rock salts production in the southern part of Solikamsky site of the 







ЭХ-48-002032 


(realize): Operation of chemically dangerous manufacturing objects 


Term of validity of permit (license) or admission to certain types of works: 

Termless 




No. 03/-04-0273 








No. 03/-02-0028 


(realize): Discharge of pollutants into the environment 



57




No. 03/-02-0029 








No. 03/-02-0030 








No. 03/-02-0030 








No. 03/-04-0249 








No. 03/-02-0049 








No. 03/-02-0050 



58






No. 03/-02-0052 








No. 03/-02-0054 








No. 46 


(realize): Blasting operations production 






No. 48 








No. 50 








No. 51 

59








No. 03/-02-0065 






Ministry of Natural Resources of the Perm Area 

Number of permit (license) or document confirming receipt of admission for certain type of works: Resolution 

No. 59-10.01.01.002-Р-РСБХ-С-2012-01092/00 


(realize): Water object provision 




West-Urals Department of the Federal Service of Ecological, Technological and Nuclear Supervision 







Certification body FGUGTsAS "Permsky" 

Number of permit (license) or document confirming receipt of admission for certain type of works: РОСС 

RU.ПО57.ДО1148 


(realize): Potassium chloride 98% complies with requirements of TU 2184-072-00209527-2001 with 

alterations 1, p. 1.2 Table 1; GOST R 51520-99 pp. 3.2., Table 1, 3.3., 3.4. 








(realize): Potassium chloride grade "fine" complies with requirements of GOST 4568-95 p. 3.2 Table 1, p. 6; 

GOST R 51520-99 pp. 3.2., Table 1, 3.3., 3.4. 




60



RU.ПО57.Д01150 


(realize): Potash chloride: - grade "pelleted"; - grade "fine" complies with requirements of GOST 4568-95 

p. 3.2 Table 1, p. 6; GOST Р 51520-99 pp. 3.2., Table 1, 3.3.,3.4 







(realize): Certification for operation of permanent underground live storage of explosive materials of the mine 

BKPRU-2 of OJSC Uralkali 







(realize): Certificate for the right to perform explosive works 






RU.ПО57.Д01152 


(realize): Potassium chloride (for export) grade "Eurogran KCl - pelleted (K2O=60%)" complies with 

requirements of ТУ 2184-041-00203944-2004 with alteration No. 1 p. 1.2.1 Table 8, p. 1.2.2 GOST Р 51520- 

99 pp. 3.2., Table 1, 3.3., 3.4 





Number of permit (license) or document confirming receipt of admission for certain type of works: 03-04-0448 


(realize): Permit for emission of harmful substances (pollutants) in atmospheric air (except for radioactive 

substances) 







(realize): Certificate for the right to perform explosive works 


61



Ministry of Healthcare of the Perm Region 


ЛО-59-01-001678 


(realize): Carrying out of medical activities. 


Term of validity of permit (license) or admission to certain types of works: 

Termless 



Number of permit (license) or document confirming receipt of admission for certain type of works: ВР-48-0032 


(realize): Permit for operations with industrial explosive materials 







(realize): Certificate for acquisition of explosive materials 








(realize): Potassium chloride shipped for export grade "N" complies with requirements of Russian Standard 

GOST R 51520-99 pp. 3.2, table 1.3.3, 3.4; STO SPEKS 001-98 



3.2.6. Information on activities of separate categories of issuers of issuance securities 

3.2.7. Additional information on issuers, the core business of which is production of minerals 

a) Mineral reserves 

List of deposits of minerals that have significant financial and economic importance for the Issuer, the rights to 

use which belongs to the Issuer or to the organizations that are subordinate to it 

Name of deposit: The Bereznikovsky subsoil of Verkhnekamskoye potassium and magnesium salts deposit 

Owner of the rights for the deposit: 

Issuer 

62

Type of mineral: Silvinit, carnallite 

Size of the proved reserves: Balance mineral reserves of the geological exploration categories A+B+C1 of the 

Bereznikovsky subsoil within the BKPRU-1 mine allotment as of 01.01.2012: 1. Silvinit mineral (natural salts 

reserves – 14,509 thousand tons; K2O reserves – 2,568 thousand tons) 2. Carnallite (natural salts reserves – 

2,659 thousand tons; K2O reserves – 316 thousand tons; MgO reserves – 246 thousand tons). The calculation 

of the reserves was made according to the results of geological analysis of mineral recourses object in 

conformity with economically feasible standards characteristics. Calculation methodology of standards 

characteristics is based on a technical capability and economic effectiveness of ore production and 

processing. Reserves categories reflect the level of geological analysis (certainty, reliability) increasing from 

category C1 up to category B and A. 

Level of production over the corresponding reporting period (periods): The development of the Bereznikovsky 

subsoil by underground method was made since 1954 by the BKPRU-1 mine. Because of the accident on 

October, 2006 happened in the mine of the First Bereznikovsky potassium manufacturing mine department 

(BKPRU-1) at the present time the operation of Bereznikovsky subsoil is not executed by the Issuer. 

Name of deposit: the Durymansky subsoil of Verkhnekamskoye mineral deposit 


Issuer 

Type of mineral: Silvinit, mixed chloride salts, carnallite 


Durymansky subsoil within the BKPRU-2 mine allotment as of 01.01.2012: 1. Silvinit mineral (natural salts 

reserves – 283,098 thousand tons; K2O reserves – 70,087 thousand tons) 2. Mixed chloride salts (natural salts 

reserves – 28,420 thousand tons, К2О reserves – 5,866 thousand tons; MgO reserves – 537 thousand tons) 3. 

Carnallite reserves (natural salts reserves – 44,533 thousand tons; K2O reserves – 4,862 thousand tons; MgO 

reserves – 3,955 thousand tons). The calculation of the reserves was made according to the results of 

geological analysis of mineral recourses object in conformity with economically feasible standards 

characteristics. Calculation methodology of standards characteristics is based on a technical capability and 

economic effectiveness of ore production and processing. Reserves categories reflect the level of geological 

analysis (certainty, reliability) increasing from category C1 up to category B and A. 

Level of production over the corresponding reporting period (periods): Since 1970 the development of the 

Durymansky subsoil by underground method is made by the mine of the Second Bereznikovsky potassium 

manufacturing mine department (BKPRU-2). The volume of ore production in the mine: Silvinit mineral + 

mixed chloride salts (2009 – 3,405.8 thousand tons; 2010 – 5,841.1 thousand tons, 2011 – 7,344.9 thousand 

tons, 9 months of the year 2012 – 4,706.8 thousand tons). 

Name of deposit: The Bygelsko-Troitsky subsoil of Verkhnekamskoye mineral deposit 


Issuer 

Type of mineral: Silvinit, rock salt, carnallite 


Bygelsko-Troitsky subsoil within the BKPRU-4 mine allotment as of 01.01.2012: 1. Silvinit mineral (natural 

salts reserves – 1,800,953 thousand tons; K2O reserves – 383,036 thousand tons) 2. Rock salt mineral (natural 

salts reserves – 450,938 thousand tons) 3. Carnallite reserves (natural salts reserves – 176,783 thousand tons; 

K2O reserves – 20,235 thousand tons; MgO reserves – 14,455 thousand tons). The calculation of the reserves 

was made according to the results of geological analysis of mineral recourses object in conformity with 

economically feasible standards characteristics. Calculation methodology of standards characteristics is based 

on a technical capability and economic effectiveness of ore production and processing. Reserves categories 

reflect the level of geological analysis (certainty, reliability) increasing from category C1 up to category B 

and A. 

Level of production over the corresponding reporting period (periods): The development of the Bygelsko- 

Troitsky subsoil by underground method is made since 1987 by the mine of the Forth Bereznikovsky 

63

potassium manufacturing mine department (BKPRU-4). The volume of ore production in the mine: Silvinit 

mineral (2009 – 7,027.0 thousand tons; 2010 – 12,800.9 thousand tons, 2011 – 10,983.3 thousand tons, 9 

months of the year 2012 – 7,944.2 thousand tons). 

Name of deposit: the Ust-Yayvinsky subsoil of Verkhnekamskoye mineral deposit 


Issuer 


Size of the proved reserves: Balance mineral reserves of the geological exploration categories A+B+C1 of 

within the Ust-Yayvinsky subsoil as of 01.01.2012: Silvinit mineral (natural salts reserves – 1,290,645 

thousand tons; K2O reserves – 254,385 thousand tons) 2. Carnallite mineral (natural salts reserves – 963,329 

thousand tons; K2O reserves – 113,615 thousand tons; MgO reserves – 82,034 thousand tons). The 

calculation of the reserves was made according to the results of geological analysis of mineral recourses 

object in conformity with economically feasible standards characteristics. Calculation methodology of 

standards characteristics is based on a technical capability and economic effectiveness of ore production and 

processing. Reserves categories reflect the level of geological analysis (certainty, reliability) increasing from 

category C1 up to category B and A. 

Level of production over the corresponding reporting period (periods): The subsoil is in the process of 

development. 

Name of deposit: the Solikamsky subsoil (north part) of Verkhnekamskoye potassium and magnesium salts 

deposit. 


Issuer 



north part of Solikamsky subsoil within the SKRU-1 mine allotment as of 01.01.2012: 1. Silvinit mineral 

(natural salts reserves – 229,468 thousand tons; K2O reserves – 38,930 thousand tons) 2. Carnallite (natural 

salts reserves – 167,696 thousand tons; K2O reserves – 21,049 thousand tons; MgO reserves – 16,433 

thousand tons). The calculation of the reserves was made according to the results of geological analysis of 

mineral recourses object in conformity with economically feasible standards characteristics. Calculation 

methodology of standards characteristics is based on a technical capability and economic effectiveness of ore 

production and processing. Reserves categories reflect the level of geological analysis (certainty, reliability) 

increasing from category C1 up to category B and A. 

Level of production over the corresponding reporting period (periods): since 1934 the operation of North part 

of Solikamsky subsoil by underground method is made by the First Solikamsky potassium mine department 

(SKRU-1). The volume of ore production in the mine: Silvinit mineral (May 17 – December 31, 2011 – 

2,796.2 thousand tons; 9 months of 2012 – 3,404.4 thousand tons). Carnallite mineral (May 17 – December 

31, 2011 – 314.4 thousand tons; 9 months of 2012 – 373.2 thousand tons). 

Name of deposit: the Solikamsky subsoil (south part) of Verkhnekamskoye potassium and magnesium salts 

deposit. 


Issuer 



South part of Solikamsk subsoil within the SKRU-2 mine allotment as of 01.01.2012: 1. Silvinit mineral 

(natural salts reserves – 500,748 thousand tons; K2O reserves – 90,080 thousand tons) 2. Carnallite reserves 

(natural salts reserves – 162,913 thousand tons; K2O reserves – 19,496 thousand tons; MgO reserves – 12,500 

64

thousand tons). The calculation of the reserves was made according to the results of geological analysis of 

mineral recourses object in conformity with economically feasible standards characteristics. Calculation 

methodology of standards characteristics is based on a technical capability and economic effectiveness of ore 

production and processing. Reserves categories reflect the level of geological analysis (certainty, reliability) 

increasing from category C1 up to category B and A. 

Level of production over the corresponding reporting period (periods): since 1973 the operation of the South 

part of Solikamsky subsoil by underground method is made by the Second Solikamsky potassium mine 

department (SKRU-2). The volume of ore production in the mine: Silvinit mineral (May 17 – December 31, 

2011 – 5,662.3 thousand tons; 9 months of 2012 – 5,555.8 thousand tons). 

Name of deposit: the Novo-Solikamsky section of Verkhnekamskoye mineral deposit. 


Issuer 

Type of mineral: Silvinit, rock salt, carnallite 


Novo-Solikamsky subsoil within the SKRU-3 mine allotment as of 01.01.2012: 1. Silvinit mineral (natural 

salts reserves – 1,423,152 thousand tons; K2O reserves – 249,227 thousand tons) 2. Rock salt (natural salt 

reserves – 133,977 thousand tons), 3. Carnallite mineral (natural salts reserves – 342,927 thousand tons; K2O 

reserves – 38,872 thousand tons; MgO reserves – 26,193 thousand tons). The calculation of the reserves was 

made according to the results of geological analysis of mineral recourses object in conformity with 

economically feasible standards characteristics. Calculation methodology of standards characteristics is based 

on a technical capability and economic effectiveness of ore production and processing. Reserves categories 

reflect the level of geological analysis (certainty, reliability) increasing from category C1 up to category B 

and A. 

Level of production over the corresponding reporting period (periods): since 1983 the operation of the Novo- 

Solikamsky subsoil by underground method is made by the Third Solikamsky potassium mine department 

(SKRU-3). The volume of ore production in the mine: Silvinit mineral (May 17 – December 31, 2011 – 

6,888.3 thousand tons; 9 months of 2012 – 7,262.5 thousand tons). 

Name of deposit: Polovodovsky subsoil, Novo-Solikamsky subsoil and part of the other area of Verkhekamsky 

deposit 


Issuer 

Type of mineral: Silvinit, mixed chloride salts. 

Size of the proved reserves: Balance mineral reserves of the geological exploration categories B+C1 of within 

the Polovodovsky subsoil as of 01.01.2012: 1. Silvinit mineral (natural salts reserves – 3,073,531 thousand 

tons; K2O reserves – 529,666 thousand tons) Balance mineral reserves of the geological exploration 

categories C2 of within the Polovodovsky subsoil as of 01.01.2012: 1.Silvinit mineral (natural salts reserves – 

7,213 thousand tons; K2O reserves – 1,504 thousand tons) 2. Mixed chloride salts (natural salts reserves – 

253,561 thousand tons, К2О reserves - 38,299 thousand tons; MgO reserves - 12,072 thousand tons). Balance 

mineral reserves of the geological exploration categories C1 of the part of Novo-Solikamsk subsoil as of 

01.01.2012: 1. Silvinit mineral (natural salts reserves – 7,216 thousand tons; K2O reserves – 1,344 thousand 

tons). The calculation of the reserves was made according to the results of geological analysis of mineral 

recourses object in conformity with economically feasible standards characteristics. Calculation methodology 

of standards characteristics is based on a technical capability and economic effectiveness of ore production 

and processing. Reserves categories reflect the level of geological analysis (certainty, reliability) increasing 

from category C2 up to category C1 and B. 

Level of production over the corresponding reporting period (periods): The subsoil is on the stage of 

preparation for development. 

65

Licenses for using mineral resources that were granted to the Issuer or to its affiliated organizations for use of 

deposits which have significant financial and economic importance for the Issuer 

Legal entity holding the license 

Issuer 

Number of license: ПEM No. 01361 TЭ 

Date of issuing the license: 15.02.2001 

Validity of license: 01.04.2013 

According to the Article 10 of the "On Subsoils" legislation of Russia the terms of the subsoil usage should 

be prolonged on the subsoil user’s initiative in case of need to terminate the searches and evaluation or 

development of a mineral deposit or execution of the liquidation procedures subject to no violations of the 

license standards by the subsoil user. 

Reason of issuing the license: License for the right to use the Bereznikovsky subsoil ПEM No. 01361 TЭ 

issued by the Committee of Natural Recourses MNR of the Russian Federation and Administration of the 

Perm Region under Art. 17.1 of the "On Subsoils" legislation of Russia in the order of reissuance of the 

license ПEM No. 00024 TЭ, issued by OJSC Uralkali under the Art. 19 of "Statute on the order of the 

licensing of subsoil usage". 

Description of the site of mineral resources which is provided for use: The Bereznikovsky subsoil of 

Verkhnekamskoye potassium and magnesium salts deposit. The development of the Bereznikovsky subsoil by 

underground method was made since 1954 by the BKPRU-1 mine. The mine take of BKPRU-1 is located 

directly near the city of Berezniki. Depth of the mine is 250-320 m. There are the following settlements within 

the area of the licensed subsoil: the city of Berezniki, Novaya Zyryanka Village, Chkalovo Village, Abramovo 

Village, Semino Village. The licensed subsoil bounds: in the north and northeast it is adjacent to the 

boundaries of the mining allotment of the Fourth Bereznikovsky mine department that mines the reserves of 

Bygelsko-Troitsky subsoil (License ПЕМ No. 01363 ТЭ); in the west - the reserves of potassium-magnesium 

salts of the unallocated subsoil fund; in the south it is adjacent to Ust-Yayvinsky subsoil (under development, 

License ПЕМ No. 12328 ТЭ); in the east it is adjacent to the boundaries of the mining allotment of the 

Second Bereznikovsky mine department that mines the reserves of the Durymansky subsoil (License ПЕМ 

No. 01362 ТЭ); the lower bound of allotment is as 100 meters as lower than subface of the Krasny III 

Stratum. 

Kind of license: Production 

Main provisions of the license in relation to obligations of user of mineral resources with indication of the term 

of execution of the specified obligations: The License was issued for the execution of the following works: -the 

production of Silvinit and rock salt; -construction and operation of special cells for the storage of waste 

products of mining and processing industry; -construction and operation of special cells for health 

related purposes, for the storage of provisions, materials, equipment; -the usage of the waste products of 

mining and processing. "The license holder" should supply a part of the output production for the needs of 

the Region, which is established by the additional annual agreement with the Region Administration. The 

standards of safety mining, compliance with regulations and rules of conservation of resources and 

environment, annual level of potassium, magnesium and rock salts production are determined in the projects 

for the development and specified by the annual mining plans, endorsed by the West-Ural region 

administration of Gosgortechnadzor. Nature-conservative measures are coordinated by the Nature 

conservative society. 

Compulsory payments which should be made by the user of mineral resources as per the provisions of the 

license: payment for the usage of resources is collected in the form of money payment (annotation: the size of 

payments and its terms are determined by the Chapter 26 of the Part 2 of Tax Code of the Russian 

Federation, put into effect since 01.01.2002). The amount of payment is included in cost of production. 

Fulfillment by the Issuer, its subsidiaries and affiliates of obligations arisen from the licenses, as well as any 

factors that may affect the fulfillment of obligations under the license with the probability of their occurrence: 

License ПЕМ No. 01361 ТЭ for the right to use the subsoil reaches with the purpose of potassium, 

magnesium and rock salts production in the Bereznikovsky subsoil of the Verkhnekamskoye deposit (BKRU-1 

mine take). In October, 2006 there was a sudden outburst of suprasalt waters and salt brine to the BKPRU-1 

mines, as a result the danger of mine flooding and earth surface deformation occurred. OJSC Uralkali 

organized the pumpdown of salt brine, as well as the accident liquidation plan was put into operation. The 

works in the BKPRU-1 mine were stopped on 28.10.2006 because of the inflow increase in mines, further 

production plans were reconsidered. On October 28, 2006 the Committee for investigation of the causes of 

66

accident, formed by the Federal Service for Environmental, Technological, and Nuclear Supervision 

(Rostechnadzor) made an inquiry concerning the causes of flooding and came to the conclusion that the main 

cause was "previously unknown geological anomaly", whereas the reserves processing in the fault section 

were carried out in compliance with the normative documents of that time. The circumstances prior to the 

accident were classified by the Committee as "extraordinary and unavoidable under these circumstances", 

and "beyond the reasonable control of the participants of the legal relations". However, on November 11, 

2008 Rostechnadzor issued an order on formation of the Committee for additional investigation of the causes 

of accident in the BKPRU-1 mine of OJSC Uralkali. According to the new investigation act prepared on 

January 29, 2009 the cause of the accident was "the scope of geological and technological factors". 

Geological factors include "anomalous structure of salt and suprasalt stratum". Technological factors 

include "process technology previously used by the subsoil user" that is: processing of two Silvinit stratums 

with the high level of pillars stress", "lack of softening zones at the permanently left mines borders", "not 

keeping the protective pillar under the railway", "not fully executing the stowing operations with great 

delay". OJSC Galurgy made "Technical and economic analysis of suitability of mining, write-off or further 

accounting in the state balance of mineral recourses reserves in BKPRU-1 mine". There was executed a state 

examination of "Technical and economic analysis…". The report of the State committee for mineral reserves 

meeting No. 2034 per 9.10.2009 was approved by Deputy Director of the Federal Agency for Subsoil Use on 

26.11.2009. According to the Report No. 2034 because of the mine flooded 82,600 thousand tons of damp 

Silvinit salts reserves and 40,845 thousand tons of carnallite reserves are subject to write-off. Appropriate 

changes in the reserves of the Bereznikovsky subsoil (BKPRU-1 mine take) are included in the state balance 

of mineral resources as of 01.01.2011.Currently there is a complex of measures for monitoring the situation 

caused by the accident and for minimization of the consequences of the accident that are executed. According 

to the results of the Rosprirodnadzor inspection there are no subsoil user’s violations in execution of the 

license agreement of the license ПЕМ No. 01361 ТЭ for the right to use the subsoil with the purpose of 

potassium magnesium and rock salts production in the Bereznikovsky subsoil of Verkhnekamskoye deposit 

(Act on the inspection of the Federal Service for Supervision in the Sphere of Natural Recourse Use of Open 

Joint-Stock Corporation Uralkali No. 09-00-07/69 per 13.07.2009). 


Issuer 







license standards by the subsoil user. In accordance with point 42 of the "Administrative regulations of the 

Federal Agency for Subsoil Use as per execution of state functions for performance of delivery, execution and 

registration of licenses for subsoil use, introduction of changes and addititions to the licenses for use of 

subsoil sites as well as reforming of licenses and acceptance, including upon submission of the Federal 

Agency for Subsoil Use and other authorized bodies, of solutions on early termination, suspension or 

limitation of the right to use subsoils", approved by the order of the Ministry for Natural Resources of the 

Russian Federation as of 29.09.2009 N 315, in case of the need to enter changes and additions as per 

extension of the specified term must be submitted to the territorial body of the Federal Agency on Subsoil 

Usage not later than six months before termination of action of the license. Application for introduction of 

changes and additions to the license ПЕМ 01362 ТЭ in the part of extension of the activity term is submitted 

to the Directorate for subsoil use in Perm region as of 01.08.2012. 

Reason of issuing the license: License for the right to use the Durymansky subsoil ПЕМ No. 01362 ТЭ issued 

by the Committee of Natural Recourses MNR of the Russian Federation and Administration of the Region of 

Perm per 15.02.2001 under Art. 17.1 of the Russian legislation on "Mineral resources" in the order of 

reissuance of the license ПЕМ No. 00025 ТЭ, issued by OJSC Uralkali under the art. 19 of "Statute on the 

order of the licensing of subsoil usage". 

Description of the site of mineral resources which is provided for use: the Durymansky subsoil of 

Verkhnekamskoye potassium and magnesium salts deposit. Since 1970 the development of the Durymansky 

subsoil by underground method is made by the mine of the Second Bereznikovsky potassium manufacturing 

67

mine department (BKPRU-2). The mine take of BKPRU-2 is located to the south-east from the city of 

Berezniki. Depth of the mine is 345 m. There are the following settlements within the area of the licensed 

subsoil: Kosevskie Village, Krugly Rodnik Village, Durymany Village. The licensed subsoil bounds: in the 

north it is adjacent to the boundaries of the mining allotment of the Fourth Bereznikovsky mine department 

that mines the reserves of Bygelsko-Troitsky subsoil (License ПЕМ No. 01363 ТЭ); in the west – to the 

boundaries of the mining allotment of flooded allotment of the First Bereznikovsky mine department that 

mined previously the reserves of the Bereznikovsky allotment (License ПЕМ No. 01361 ТЭ), and to Ust- 

Yayvinsky subsoil (under development, License ПЕМ No. 12328 ТЭ); in the south it is adjacent to the 

boundaries of the mining allotment of flooded allotment of the Third Bereznikovsky mine department (the 

Balakhontsevsky subsoil – allocated mineral stocks); the lower bound of allotment is as 100 meters as lower 

than subface of the Krasny III Stratum; the sediments of the subsoil are gas-bearing and dangerous because 

of emissions (methane, hydrogen, hydrogen-sulfide, nitrogen and others) that demands setting the gas 

conditions on commercial seams. Hydrogeological standards of development are estimated as rather difficult 

because of the extension in the suprasalt sediments a number of hydraulically connected with each other and 

surface waters water-bearing horizons, therefore it is necessary to work out and take measures to prevent 

flooding of the mine. 




production of Silvinit and rock salt; -construction and operation of special cells for the storage of waste 

products of mining and processing industry; -construction and operation of special cells for health related 

purposes, for the storage of provisions, materials, equipment; -the usage of the waste products of mining and 

processing. "The license holder" should supply a part of the output production for the needs of the Region, 

which is established by the additional annual agreement with the Region Administration. The standards of 

safety mining, compliance with regulations and rules of conservation of resources and environment, annual 

level of potassium, magnesium and rock salts production are determined in the projects for the development 

and specified by the annual mining plans, endorsed by the West-Ural region administration of 

Gosgortechnadzor. Nature-conservative measures are coordinated by the Nature conservative society. 







License ПЕМ No. 01362 ТЭ for the right to use the subsoil reaches with the purpose of potassium and rock 

salts production in the Durymansky subsoil of the Verkhnekamskoye deposit (BKRU-2 mine take). The 

violations of the regulatory requirements in the sphere of subsoil use revealed in accordance with the results 

of the Rosprirodnadzor inspection for subsoil user’s adherence to the terms and standards of license 

agreement of the license ПЕМ No. 01362 ТЭ for the right to use subsoil with the purpose of potassium and 

rock salt production in the Durymansky subsoil of Verkhnekamskoye deposit (Act on the inspection of the 

Federal Service for Supervision in the Sphere of Natural Recourse Use of Open Joint-Stock Corporation 

Uralkali No. 09-00-07/69 per 13.07.2009) and charged for elimination by the Directorate of the Federal 

Service for Supervision in the Sphere of Natural Recourse Use in the Perm Region (the direction for 

elimination of the violations revealed concerning the execution of geological research, usage and 

conservation of mineral reserves as well as adherence to the terms and standards of licenses for the subsoil 

use No. 06-02/13 per 17.07.2009), were timely and fully eliminated by Open Joint-Stock Corporation Uralkali 

(Acts on the inspections held by the Directorate of the Federal Service for Supervision in the Sphere of 

Natural Recourse Use in the Perm Region of Open Joint-Stock Corporation Uralkali No. 043-ВД-06 per 

29.09.2009 and No. 012-BД-06 per 17.02.2009). The Issuer does not expect factors that could prevent from 

meeting the license liabilities and possible future liabilities. 


Issuer 

Number of license: ПЕМ No. 01363 ТЭ 


68
















Reason of issuing the license: License for the right to use the Bygelsko-Troitsky subsoil ПЕМ No. 01363 ТЭ 

issued by the Committee of Natural Recourses of MNR of the Russian Federation and Administration of the 

Perm Region on 15.02.2001 under Art. 17.1 of the "On Subsoils" legislation of Russia in the order of 

reissuance of the license ПЕМ No. 00026 ТЭ, issued for OJSC Uralkali under cl. 19 of "Statute on the order 

of the licensing of subsoil usage". 

Description of the site of mineral resources which is provided for use: the Bygelsko-Troitsky subsoil of 

Verkhnekamskoye potassium and magnesium salts deposit. The development of the Bygelsko-Troitsky subsoil 

by underground method is made since 1987 by the mine of the Forth Bereznikovsky potassium manufacturing 

mine department (BKPRU-4). The mine take of BKPRU-4 is located to the north-east from the city of 

Berezniki. Depth of the mine is 320 m. There are the following settlements within the area of the licensed 

subsoil: Zapolye Village, Permyakovo Village, Chupino Village, Sharapy Village, Novozhilovo Village, 

Koksharovo Village. The licensed subsoil bounds: northerly – the south edge of the Durinsk depression zone; 

southerly borders Bereznikovsky (License ПЕМ No. 01361 ТЭ), Durymansky (License ПЕМ No. 01362 ТЭ) 

and Talitsky (allocated mineral stocks) subsoil; westerly and easterly there are potassium and magnesium 

salts reserves of non-allocated mineral stocks. The lower bound of allotment is as 100 meters as lower than 

subface of the Krasny III Stratum. The sediments of the subsoil are gas-bearing and dangerous because of 

emissions (methane, hydrogen, hydrogen-sulfide, nitrogen and others) that demands setting the gas 

conditions on commercial seams. Hydrogeological standards of development are estimated as rather difficult 

because of the extension in the suprasalt sediments a number of hydraulically connected with each other and 

surface waters water-bearing horizons, therefore it is necessary to work out and take measures to prevent 

flooding of the mine. 




production of Silvinit and rock salt; -construction and operation of special cells for storage of waste products 

of mining and processing industry; -construction and operation of special cells for health related purposes, 

for the storage of provisions, materials, equipment; -the usage of the waste products of mining and 

processing. "The license holder" should supply a part of the output production for the needs of the Region, 

which is established by the additional annual agreement with the Region Administration. The standards of 

safety mining, compliance with regulations and rules of conservation of resources and environment, annual 

level of potassium, magnesium and rock salts production are determined in the projects for the development 

and specified by the annual mining plans, endorsed by the West-Ural region administration of 

Gosgortechnadzor. Nature-conservative measures are coordinated by the Nature conservative society. 








magnesium and rock salts production in the Bygelsko-Troitsky subsoil of Verkhnekamskoye deposit (BKZ-4 

69

mine take). The violations of the regulatory requirements in the sphere of subsoil usage revealed in 

accordance with the results of the Rosprirodnadzor inspection for subsoil user’s adherence to the terms and 

standards of license agreement of the license ПЕМ No. 01363 ТЭ for the right to use subsoil with the purpose 

of potassium, magnesium and rock salt production in the Bygelsko-Troitsky subsoil of Verkhnekamskoye 

deposit (Act on the inspection of the Federal Service for Supervision in the Sphere of Natural Recourse Use 

of Open Joint-Stock Corporation Uralkali No. 09-00-07/69 per 13.07.2009) and charged for elimination by 

the Directorate of the Federal Service for Supervision in the Sphere of Natural Recourse Use in the Perm 

Region (the Direction for elimination of the violations revealed concerning the execution of geological 

research, use and conservation of mineral reserves as well as adherence to the terms and standards of licenses 

for the subsoil use No. 06-02/13 per 17.07.2009), were timely and fully eliminated by OJSC Uralkali (Acts on 

the inspections held by the Directorate of the Federal Service for Supervision in the Sphere of Natural 

Recourse Use in the Perm Region of Open Joint-Stock Corporation Uralkali No. 043-BД-06 per 29.09.2009 

and No. 012-BД-06 per 17.02.2009). The Issuer does not expect factors that could prevent from meeting the 

license liabilities and possible future liabilities. 


Issuer 

Number of license: ПЕМ No. 12328 ТЭ Amendment No. 1 to the license ПЕМ No. 12328 ТЭ registered by 

MNR of Russia under No. 1998. Amendment No. 2 to the license ПЕМ No. 12328 ТЭ registered by MNR of 

Russia under No. 2824. Amendment No. 3 to the license ПЕМ No. 12328 ТЭ registered by MNR of Russia on 

26.12.2011 under No. 3748. 







Reason of issuing the license: License for the right to use the subsoil ПЕМ No. 12328 ТЭ with the purpose of 

analysis and potassium and magnesium salts production in the Ust-Yayvinsky subsoil of Verkhnekamskoye 

deposit issued and registered by the Ministry of Natural Resources of Russia on April 26, 2004 under 

No. 3254/ПЕМ 12328 ТЭ. The right to use minerals on the licensed subsoil was conceded by OJSC Uralkali 

under the art. 10 of the "On Subsoils" legislation of Russia according to the results of the tender taken place 

on 14.01.2004 in Perm city on the ground of joint resolution of MNR of Russia and Administration of the 

Perm Region. 

Description of the site of mineral resources which is provided for use: the Ust-Yayvinsky subsoil of 

Verkhnekamskoye potassium and magnesium salts deposit. Ust-Yayvinsky subsoil in administrative respect is 

located in the subordinate territories of Berezniki city and Usolsky area of the Perm Region. There are the 

following settlements within the area of the licensed subsoil: Legino Village (Yayvinsky raid), Volodin Kamen 

Village as well as recreation center and summer camp. The licensed subsoil has the status of allotment. The 

licensed subsoil bounds: northerly borders the Bereznikovsky subsoil of Verkhnekamskoye potassium and 

magnesium salts deposit (mine take of the flooded allotment of the First Bereznikovsky mine department 

OJSC Uralkali, license ПЕМ 01361 ТЭ); easterly borders the Durymansk subsoil of Verkhnekamskoye 

potassium and magnesium salts deposit (mine take of the Second Bereznikovsky mine department OJSC 

Uralkali, license 01362 ТЭ); south-easterly borders the mine take of the flooded allotment of the Third 

Bereznikovsky mine-take OJSC Uralkali (the Balakhontsevsky subsoil – allocated mineral stocks); southerly 

borders the Palashersky subsoil of Verkhnekamskoye potassium and magnesium salts deposit (allocated 

mineral stocks); westerly there are potassium and magnesium salts reserves of non-allocated mineral stocks. 

The lower bound of allotment is as 110 meters as lower than subface of the Krasny II Stratum. The sediments 

of the subsoil are gas-bearing and dangerous because of emissions (methane, hydrogen, hydrogen-sulfide, 

nitrogen and others) that demands setting the gas conditions on commercial seams. Hydrogeological 

standards of development are estimated as rather difficult because of the extension in the suprasalt sediments 

a number of hydraulically connected with each other and surface waters water-bearing horizons, therefore it 

is necessary to work out and take measures to prevent flooding of the mine. 



70

of execution of the specified obligations: The analysis and production of potassium and magnesium salts on 

the Ust-Yayvinsky subsoil of Verkhnekamskoye deposit. Draw a new project of mining enterprise construction 

for the purpose of the License territory development and submit the project to the planning authorities for 

appropriate endorsement not later than May 15, 2011; provided that the project must be given positive experts 

opinion at all necessary state examinations; not later than January 1, 2012 beginning of construction of mine 

shafts to ensure lifting of ores on the surface and operation of underground infrastructure; not later than 

May 15, 2015 beginning of construction of ground complex of structures, including the main industrial site 

which is necessary and sufficient for reception of ore, its grinding and transportation for processing; not later 

than January 1, 2020 beginning of construction of capital mines and beginning of mining and development 

in order to open the mine field; not later than January 1, 2023 industrial commissioning of Ust-Yayvinsky 

subsoil with the volume of production of potassium and magnesium salts in accordance with the technical 

project but not less than 8,000 tons of ore per year. 


license: Make one-time payment for the use of natural resources in the amount of 17,028,000 (seventeen 

million twenty eight thousand) rubles within 30 days after the date of state registration of the license; - 

1,674,000 (one million six hundred four thousand) rubles should be paid for the usage of geological 

information, received at the result of state analysis of subsoil during 30 bank days after the date of state 

registration of license in federal budget and the budget of the Perm Region according to the legislation of the 

Russian Federation. To execute regular payments for using the subsoils in the purposes of survey of deposits 

of potassium and magnesium salts beyond the area of the License site at the rate of 7,500 rubles per 1 sq. km. 

– for each calendar year of survey works. 



License ПЕМ No. 12328 ТЭ to mine for the purpose of potassium and magnesium salts exploration and 

extraction in the Ust-Yayvinsky territory of the Verkhnekamskoye deposit. Terms of the License agreement: 

3.1. With regard to amount, types and timetable of works the Mineral developer must: b) draw a new project 

of mining enterprise construction for the purpose of the License territory development and submit the project 

to the planning authorities for appropriate endorsement not later than May 15, 2011; provided that the project 

must be given positive experts opinion at all necessary state examinations. Realization: March 16, 2011, the 

project documentation OJSC Uralkali. The Verkhnekamskoye deposit of potassium and magnesium salts. The 

Ust-Yayvinsky mine has been given the positive opinion by the FGU Glavgosexpertiza Rossii No. 52c-11/ГГЭ- 

7070/15. May 03, 2010 the project documentation was approved by CKR-TPI Rosnedra, record No. 16/11стп. 

on May 3, 2011 c) not later than January 1, 2012 beginning of construction of mine shafts to ensure 

lifting of ores on the surface and operation of underground infrastructure. Realization: OJSC Uralkali 

concluded contract agreement No. 10963/2011 for performance of works of construction of pit shafts with 

LLC Deilmann-Haniel Shaft Sinking According to the results of the Rosprirodnadzor inspection, breaches of 

the license agreement to the license ПЕМ 12328 ТЭ to mine for the purpose of potassium and magnesium 

salts exploration and extraction in the Ust-Yayvinsky territory of the Verkhnekamskoye deposit have not been 

detected (Certificate of the Federal service of natural management inspection of the Public joint-stock 

company OJSC Uralkali No. 09-00-07/69 dated July 13, 2009). The Issuer does not expect factors that could 

prevent from meeting the license liabilities and possible future liabilities. 


Issuer 












71







Reason of issuing the license: License for the right to use subsoils ПЕМ No. 15231 ТЭ with the purpose of 

production of potassium, magnesium and rock salts in the Northern part of Solikamsk site of 

Verkhnekamskoye deposit (SKRU-1 mine take) in Perm area was granted and registered by the Ministry of 

Natural Resources of Russia on October 26, 2011 under No. 6157/ПЕМ 15231 ТЭ in the order of reforming 

of license ПЕМ 01439 ТЭ in accordance with which the use subsoils was earlier performed by OJSC Silvinit. 

The right to use subsoils on the License site was provided to OJSC Uralkali in accordance with the order of 

the Federal Agency for subsoil use and in accordance with the Article 171 of the Law of the Russian 

Federation "On subsoils" due to termination of activities of the legal entity - user of subsoils OJSC Silvinit 

due to its connection to the other legal entity OJSC Uralkali in accordance with the laws of the Russian 

Federation. 

Description of the site of mineral resources which is provided for use: The North part of Solikamsky subsoil of 

Verkhnekamskoye potassium and magnesium salts deposit. The development of the North part of Solikamsky 

subsoil by underground method is made since 1934 by the SKRU-1 Mine. The mine take of SKRU-1 is located 

in the north part of Solikamsky subsoil of Verkhnekamskoye potassium and magnesium salts deposit. In 

administrative respect the allotment is located on the territory of Solikamsk city and partly of the Solikamsk 

region. Depth of the mine is 220-350 m. There are the following settlements within the area of the licensed 

subsoil: Solikamsk city, Koryakino Village, Davydovo Village, Ushakovo Village, Rubtsovo Village. licensed 

subsoil bounds: northerly borders the Borovsky subsoil of Verkhnekamskoye potassium and magnesium salts 

deposit; easterly borders the allotment of the Third Solikamsk mine department (developing, license ПЕМ 

No. 15233 ТЭ); southerly borders the allotment of the Second Solikamsk mine department (developing, 

License ПЕМ No. 15232 ТЭ); westerly there are potassium and magnesium salts reserves of the nonallocated 

mineral stocks; the lower bound of allotment is as 50 meters as lower than the top of rock-bedding 

salt. 



of execution of the specified obligations: The License was issued for the execution of the following works: 

-the production of Silvinit and rock salt; -construction and operation of special cells for the storage 

of waste products of mining and processing industry; -construction and operation of special cells for health 


mining and processing. The user of subsoils undertakes to deliver part of the issued products for the needs of 

the area. The standards of safety mining, compliance with regulations and rules of conservation of resources 

and environment, annual level of potassium, magnesium and rock salts production are determined in the 

projects for the development and specified by the annual mining plans, endorsed by the territorial body of 

Rostechnadzor. Nature-conservative measures are coordinated by the Nature conservative society. 








magnesium and rock salts production in the Solikamsk site of Verkhnekamskoye deposit (SKRU-1 mine take). 

In 2009 the department of the Federal service of natural management inspection of the Perm Region run a 

check, Inspection act No. 16 on complying with the compulsory requirements of geological examination, 

reasonable use and resources protection by resources developers dated March 19, 2009. According to the 

results of the Rosprirodnadzor inspection, the resources developer abides by the Law of the Russian 

Federation "On mineral resources" and acts under the License ПЕМ 01439 ТЭ (reissued for ПЕМ 15231 

ТЭ). The Issuer does not expect factors that could prevent from meeting the license liabilities and possible 

future liabilities. 

72


Issuer 



















production of potassium and rock salts in the Northern part of Solikamsk site of Verkhnekamskoye deposit 

(SKRU-2 mine take) in Perm area was granted and registered by the Ministry of Natural Resources of Russia 

on October 26, 2011 under No. 6158/ПЕМ 15232 ТЭ in the order of reforming of license ПЕМ 01440 ТЭ in 

accordance with which the use subsoils was earlier performed by OJSC Silvinit. The right to use subsoils on 

the License site was provided to OJSC Uralkali in accordance with the order of the Federal Agency for 

subsoil use and in accordance with the Article 171 of the Law of the Russian Federation "On subsoils" due to 

termination of activities of the legal entity - user of subsoils OJSC Silvinit due to its connection to the other 

legal entity OJSC Uralkali in accordance with the laws of the Russian Federation. 

Description of the site of mineral resources which is provided for use: The South part of Solikamsky subsoil of 

Verkhnekamskoye potassium and magnesium salts deposit. The development of the South part of Solikamsky 

subsoil by underground method is made since 1973 by the SKRU-2 mine. The mine take of SKRU-2 is located 

in the south part of Solikamsky subsoil of Verkhnekamskoye potassium and magnesium salts deposit. In 

administrative respect the allotment is located on the territory of Solikamsk city and partly of the Solikamsk 

region. Depth of the mine is 200-330 m. There are the following settlements within the area of the licensed 

subsoil: village Rubtsovo, settlement Rodniki, settlement Chashkino, settlement Usovo. The licensed subsoil 

bounds: northerly borders the allotment of the First Solikamsk mine department, processing the reserves of 

the north part of Solikamsky subsoil (License ПЕМ No. 15231 ТЭ); easterly borders the allotment of the 

Third Solikamsk mine department, processing the reserves of the Novo-Solikamsky subsoil (license ПЕМ 

No. 15233 ТЭ); southerly there is the north edge of the Durinsky depression zone; westerly there are 

potassium and magnesium salts reserves of non-allocated mineral stocks; the Lower bound of allotment is as 

50 meters as lower than the top of rock-bedding salt. 









and environment, annual level of potassium and rock salts production are determined in the projects for the 

development and specified by the annual mining plans, endorsed by the territorial body of Rostechnadzor. 

Nature-conservative measures are coordinated by the Nature conservative society. 





73




salts production in the Solikamsk site of Verkhnekamskoye deposit (SKRU-2 mine take). In 2009 the 

department of the Federal service of natural management inspection of the Perm Region run a check, 

Inspection act No. 16 on complying with the compulsory requirements of geological examination, reasonable 

use and resources protection by resources developers dated March 19, 2009. According to the results of the 

Rosprirodnadzor inspection, the resources developer abides by the Law of the Russian Federation "On 

mineral resources" and acts under the License ПЕМ 01440 ТЭ (reissued for ПЕМ 15232 ТЭ). The Issuer 

does not expect factors that could prevent from meeting the license liabilities and possible future liabilities. 


Issuer 







license standards by the subsoil user. According to the Article 10 of the "On Subsoils" legislation of Russia 

the terms of the subsoil usage should be prolonged on the subsoil user’s initiative in case of need to terminate 

the searches and evaluation or development of a mineral deposit or execution of the liquidation procedures 

subject to no violations of the license standards by the subsoil user. In accordance with point 42 of the 

"Administrative regulations of the Federal Agency for Subsoil Use as per execution of state functions for 

performance of delivery, execution and registration of licenses for subsoil use, introduction of changes and 

addititions to the licenses for use of subsoil sites as well as reforming of licenses and acceptance, including 

upon submission of the Federal Agency for Subsoil Use and other authorized bodies, of solutions on early 

termination, suspension or limitation of the right to use subsoils", approved by the order of the Ministry for 

Natural Resources of the Russian Federation as of 29.09.2009 N 315, in case of the need to enter changes 

and additions as per extension of the specified term must be submitted to the territorial body of the Federal 

Agency on Subsoil Usage not later than six months before termination of action of the license. Application for 

introduction of changes and additions to the license ПЕМ 15233 ТЭ in the part of extension of the activity 

term is submitted to the Directorate for subsoil use in Perm region as of 27.09.2012. 


production of potassium and rock salts in the Novo-Solikamsky territory of the Verkhnekamskoye deposit 

(mine take SKRU-3) in Perm area was granted and registered by the Ministry of Natural Resources of Russia 

on October 26, 2011 under No. 6159/ПЕМ 15233 ТЭ in the order of reforming of license ПЕМ 01441 ТЭ in 

accordance with which the use of subsoils was earlier performed by OJSC Silvinit. The right to use subsoils 

on the License site was provided to OJSC Uralkali in accordance with the order of the Federal Agency for 

subsoil use and in accordance with the Article 171 of the Law of the Russian Federation "On subsoils" due to 

termination of activities of the legal entity - user of subsoils OJSC Silvinit due to its connection to the other 

legal entity OJSC Uralkali in accordance with the laws of the Russian Federation. 

Description of the site of mineral resources which is provided for use: The Novo-Solikamsky subsoil of 

Verkhnekamskoye potassium and magnesium salts deposit. The development of the Novo-Solikamsky subsoil 

by underground method is made since 1983 by the SKRU-3 mine. The mine take of SKRU-3 is located in the 

Novo-Solikamsky subsoil of Verkhnekamskoye potassium and magnesium salts deposit. In administrative 

respect the allotment is located on the territory of the Solikamsk region. Depth of the mine is 240-420 m. 

There are the following settlements within the area of the licensed subsoil: 








74


and environment, annual level of potassium and rock salts production are determined in the projects for the 

development and specified by the annual mining plans, endorsed by the territorial body of Rostechnadzor. 

Nature-conservative measures are coordinated by the Nature conservative society. 








salts production in the Novo-Solikamsky territory of the Verkhnekamskoye deposit (mine take SKRU-3). In 

2009 the department of the Federal service of natural management inspection of the Perm Region run a 

check, Inspection act No. 16 on complying with the compulsory requirements of geological examination, 

reasonable use and resources protection by resources developers dated March 19, 2009. According to the 

results of the Rosprirodnadzor inspection, the resources developer abides by the Law of the Russian 

Federation "On mineral resources" and acts under the License ПЕМ 01441 ТЭ (reissued for ПЕМ 15233 

ТЭ). The Issuer does not expect factors that could prevent from meeting the license liabilities and possible 

future liabilities. 


Full corporate name: Open joint-stock company "Kamsk Mining Company" 

Abbreviated corporate name: OJSC Kamsk Mining Company 

Location: Perm Region, 618540, Solikamsk, 17А Permskaya st. 

INN (Tax ID): 5919007410 


Number of license: ПЕМ No. 14511 ТЭ Amendment No. 1 to the license ПЕМ No. 014511 ТЭ registered by 

MNR of Russia under No. 2410 (cancelled by Amendment No. 2). Amendment No. 2 to the license ПЕМ 

No. 14511 ТЭ registered by MNR of Russia under No. 3547. 







On July 31, 2012, reorganization of OJSC Kamsk Mining Company in the form of merger with OJSC 

Uralkali took place. In accordance with p. 4 of the article 57 of the Civil Code of the Russian Federation in 

case of reorganization of legal entity in the form of affiliation with another company, the first company is 

considered reorganized at the moment of making a record in the Unified State Register of Legal Entities 

about the termination of activity of the affiliated legal entity. In accordance with p. 2 of the article 58 of the 

Civil Code of the Russian Federation as a result of the specified reorganization OJSC Uralkali accepted all 

the rights, obligations, property of OJSC Kamsk Mining Company in accordance with transfer act. Within the 

terms specified by the laws of the Russian Federation OJSC Uralkali will submit application for reforming of 

license ПЕМ 14511 ТЭ for the right to use subsoils in the purpose of development and production of 

potassium and potassium and magnesium salts (Silvinit, carnallite ores, mixed chloride salts) and contained 

in them associated components (bromide, rubidium) on the Polovodovsky subsoil, part of the Novo-Solikamsk 

subsoil and part of the Other area of Verkhnekamskoye deposit in the Perm region which was earlier granted 

to the OJSC Kamsk Mining Company. 


survey and production of potassium and magnesium salts (Silvinit, carnallite ores, mixed chloride salts) and 

contained in them associated components (bromine, rubidium) on the Polovodovsky subsoil, part of the Novo- 

Solikamsk subsoil and part of the Other area of Verkhnekamskoye deposit of potassium and magnesium salts 

75

in the Perm region was granted and registered by the Ministry of Natural resources of Russia on July 1, 2008 

under the No. 5437/ПЭМ 14511 ТЭ. The right to use subsoils on the Licensed area was provided to OJSC 

Kamsk Mining Company in accordance with the article 10.1, paragraph 1). of the law of the Russian 

Federation "On subsoils" by results of the auction held on 12.03.2008 in the town of Perm on the grounds of 

the order of the Federal Agency for Subsoil Use as of 27.03.2008 No. 268. 

Description of the site of mineral resources which is provided for use: Licensed subsoil which includes the 

Polovodovsky subsoil, part of the Novo-Solikamsk subsoil and part of the Other area of Verkhnekamskoye 

deposit of potassium and magnesium salts. Licensed subsoil in the administrative relation is located on the 

territory of the Solikamsk municipality district of the Perm region, in the central part of Verkhnekamskoye 

deposit of potassium and magnesium salts. The area of the Licensed subsoil includes villages of Polovodovo, 

Chernoye, Loga, Popova-Ostanino, Trenina, Khariushina and others, overhead power lines and 

communication lines, gas pipelines and oil pipelines, dirt and asphalted roads. The licensed subsoil bounds: - 

in the North and North-East it limited to the contour of counting of reserves of potassium and magnesium 

salts of Polovodovsky area, in the East - by the border of counting of reserves of potassium and magnesium 

salts by category C2 which are considered by the state balance of natural resources as the Other area of 

Verkhnekamskoye deposit, in the South - by the line of expendable wells Nos. 513, 266, 138, 270 located 

within the area of distribution of reserves of potassium and magnesium salts of category C2 of the Other area 

of deposit. In the South-West and West the subsoil adjoins the border of mining lease for development of the 

Novo-Solikamsk subsoil of Verkhnekamskoye deposit of potassium and magnesium salts (mine take of the ore 

mine of the 3 rd Solikamsk potassium ore directorate of OJSC Uralkali, license ПЕМ 015233 ТЭ). In the 

North-West the area is limited by the contour of calculation of reserves of Polovodovsky subsoil and adjoines 

the Borovsky subsoil of the deposit. The Licensed subsoil is granted the status of preliminary mining lease for 

their period of development. 



of execution of the specified obligations: License for the right to use subsoils with the purpose of survey and 

production of potassium and magnesium salts (Silvinit, carnallite ores, mixed chloride salts) and contained in 

them associated components (bromine, rubidium) on the Polovodovsky subsoil, part of the Novo-Solikamsk 

subsoil and part of the Other area of Verkhnekamskoye deposit of potassium and magnesium salts in the 

Perm region. Not later than 01.05.2009 preparation, coordination and approval in the stipulated order of the 

survey project provided that the project must be given positive experts opinion at all necessary state 

examinations, positive experts opinion from the Bureau of Subsurface Resources or its territorial body; not 

later than 01.07.2009 beginning of survey on the Licensed lot; not later than 01.02.2012 submission of 

feasibility studies of permanent survey conditions for calculation of reserves of salts on the area of the first 

stage of mastering of the Licensed subsoil to the State Reserves Committee "Bureau of Subsurface 

Resources"; not later than 01.02.2013 completion of survey of potassium and magnesium salts on the area of 

the first stage of mastering of the Licensed subsoil and submission of report with calculation of reserves to the 

State Reserves Committee "Bureau of Subsurface Resources", at this the minimum scope of works is defined 

by the survey project; not later than 01.01.2014 preparation, coordination and approval in the stipulated order 

of the technical draft of the first stage of mastering of the Licensed subsoil provided that the project must be 

given positive experts opinion at all necessary state examinations; not later than 01.07.2014 beginning of 

capital mining operations and mining and development for exposure and preparation of reserves for 

production on the area of the first stage of development of the Licensed subsoil; not later than 01.07.2016 

beginning of production on the area of the first stage of mastering of the Licensed subsoil; not later than 

01.07.2018 start of running of the mining enterprise at full capacity on the area of the first stage of 

development of the Licensed subsoil with the volume of production in accordance with technical project; not 

later than 01.10.2013 duly submission of feasibility studies of permanent survey conditions for calculation of 

reserves of salts on the remaining area of mastering the Licensed subsoil to the State Reserves Committee 

"Bureau of Subsurface Resources"; not later than 01.07.2014 completion of survey of potassium and 

magnesium salts on the remaining area of mastering of the Licensed subsoil and submission of report with 

calculation of reserves to the State Reserves Committee "Bureau of Subsurface Resources" provided that the 

minimum scope of works is defined by the survey project; not later than 01.01.2017 preparation, coordination 

and duly approval of technical project of the remaining area of mastering of the Licensed subsoil provided 

that provided that the project must be given positive experts opinion at all necessary state examinations; not 

later than 01.04.2017 beginning of construction of infrastructure objects of the mining enterprise on the 

remaining part of the Licensed subsoil; not later than 01.10.2024 commissioning of the mining enterprise on 

the remaining area of the Licensed subsoil; not later than 01.10.2025 start of running of the mining 

76

enterprise on the remaining area of the Licensed lot at full capacity with production volumes in accordance 

with technical project; preparation and duly coordination not later than 6 months before the planned term of 

completion of development of the Licensed subsoil of the project for liquidation of the mining enterprise, 

objects of landscaping and infrastructure, project of measures for bringing them in the state which eliminates 

detrimental impact on the subsurface reserves and surrounding environment; before 01.02.2010 holding of 

analysis of background state of the natural environment within the Licensed subsoil according to the program 

negotiated with the Directorate for subsoil use in Perm region and specially authorized bodies in order to 

define its physical parameters before beginning of industrial mastering of the deposit and submission of 

report on results of analysis to the Perm Bureau of Subsurface Reserves; monitoring of condition of the 

environment (atmosphere, subsurface reserves, water objects, soils, atmosphere, bioresources) within the 

Licensed subsoil in accordance with the program approved in the Perm Bureau of Subsurface Reserves and 

specially authorized bodies not later than 01.07.2010; 


license: Regular payments for use of subsurface reserves in the purposes of survey of deposit of potassium 

and magnesium salts before the moment of commissioning of the Licensed subsoil for industrial operation 

(over all the area of the Licensed subsoil except for the areas of deposits of potassium and magnesium salts 

that were commissioned for industrial operation) are established by the following rates for 1 sq. km.: 7,350 

rubles – for each calendar year of deposit survey. Tax on natural resources production – tax rate value is 

defined in accordance with tax legislation of the Russian Federation. Water tax with associated extraction of 

underground waters during production of mineral resources - tax rate is specified in accordance with tax 

legislation of the Russian Federation. To pay not later than 01.08.2008 one-time payment for use of the 

subsurface reserves specified by results of the auction in the amount of 35,140,000,000 (thirty five billion one 

hundred and forty million) rubles less earlier paid deposit in the amount of 1,400,000,000 (one billion four 

hundred millions) rubles; not later than 21.07.2008 enter into the federal budget charges for granting of 

licenses for subsoil use in the amount of 10,500 (ten thousand five hundred) rubles; not later than 20.08.2008 

to enter into the federal budget charges for granting of Amendment No. 1 to the license ПЕМ 14511 ТЭ in the 

amount of 10,500 (ten thousand five hundred) rubles. Other kinds of payments and taxes stipulated by the tax 

legislation of the Russian Federation including for the right to use land lots, pollution of the environment are 

submitted by the Subsoil user in accordance with the established procedure. 

The execution of the Issuer and its affiliated and dependent companies of the obligations as well as any factors 

that can negatively influence the execution of the obligations of the license with the probability of its occurrence. 

License ПЕМ 14511 ТЭ for the right to use subsoils with the purpose of survey and production of potassium 

and magnesium salts (Silvinit, carnallite ores, mixed chloride salts) and contained in them associated 

components (bromine, rubidium) on the Polovodovsky subsoil, part of the Novo-Solikamsk subsoil and part of 

the Other area of Verkhnekamskoye deposit of potassium and magnesium salts in the Perm region. 

Terms of the License agreement: 

P. 3.1 With regard to amount, types and timetable of works the Mineral developer must ensure: а) not later 

than 01.05.2009 preparation, coordination and duly approval of the survey project provided that the project 

must be given positive experts opinion at all necessary state examinations, positive experts opinion from the 

Bureau of Subsurface Resources or its territorial body. Realization: Project for survey of the Polovodovsky 

subsoil, part of Novo-Solikamsk subsoil and part of the Other area of Verkhnekamskoye deposit of potassium 

and magnesium salts passed geological expertise in the Urals subsidiary of FSUE "Geological expertize". 

Expert conclusion No. 48-09 as of 26.03.2009. Project approved on 09.04.2009 by the General Director of 

OJSC Kamsk Mining Company. Project for survey of Polovodovsky subsoil, part of the Novo-Solikamsky 

subsoil and part of the Other area of Verkhnekamskoye deposit of potassium and magnesium salts was sent to 

the Perm Bureau of Subsurface Reserves and at the time being is stored by FSE "TIF in the Volga Federal 

District". In 2010 Amendment to the survey works project was developed. Amendment to the survey works 

project received positive state geological experts opinion (No. 294.10 as of 24.12.2010, UF FSUE "Geological 

expertise"), b) not later than 01.07.2009 start of survey on the Licensed subsoil. Survey works were started 

within the stipulated by the License condition terms. c) not later than 01.02.2012 duly submission of feasibility 

studies of permanent survey conditions for calculation of reserves of salts on the area of the first stage of 

mastering of the Licensed subsoil to the State Reserves Committee "Bureau of Subsurface Reserves". 

Realization: Feasibility studies of the permanent survey conditions for calculation of reserves of salts on the 

area of the first stage of mastering of the Licensed subsoil was submitted for state expertise to the Bureau of 

Subsurface Reserves within the specified terms. Protocol of the State Reserves Committee "Bureau of 

Subsurface Reserves" No. 323-к as of July 16, 2012 approved feasibility studies of survey conditions for 

calculation of reserves of salts on the area of the first stage of mastering of the Licensed subsoil. 

77

P. 4.3. For Environment Protection: d). before 01.02.2010 performance of analysis of background conditions 

of natural environment within the Licensed subsoil in accordance with the program coordinated with the 

Directorate for subsoil use in Perm district and specially authorized bodies in order to define its physical 

parameters before the beginning of industrial mastering of deposit and sending of report on results of 

analysis to the Perm Bureau of Subsurface Reserves. Realization: The Company observed the stipulated terms 

for analysis of background state of natural environment within the Licensed subsoil in accordance with the 

"Program of works for evaluation of background state of natural environment of the Licensed subsoil 

including Polovodovsky subsoil, part of Novo-Solikamsky subsoil and part of the Other area of the 

Verkhnekamskoye deposit of potassium and magnesium salts" coordinated by the Directorate for subsoil use 

in Perm district as of 26.12.2008, approved by the Perm interdistrict Directorate for technological and 

ecological surveillance by the letter No. 4806 as of 24.12.2008 and coordinated by the Directorate of the 

Federal Service for Supervision of Natural Resource Usage in Perm district by letter No. эл/07-135 as of 

27.01.2009. The report was sent to the Perm Bureau of Subsurface Reserves. e). monitoring of condition of 

environment (atmosphere, subsurface reserves, water objects, soils, atmosphere, bioresources) within the 

borders of the Licensed subsoil in accordance with the project negotiated with Perm Bureau of Subsurface 

Reserves and specially authorized bodies not later than 01.07.2010. Realization: The Company performs 

monitoring of condition of environment (atmosphere, subsurface reserves, water objects soils, atmosphere, 

biological resources) within the Licensed subsoil in accordance with the "Program of monitoring of condition 

of environment of the licensed subsoil including Polovodovsky subsoil, part of the Novo-Solikamsk subsoil 

and part of the Other area of the Verkhnekamskoye deposit of potassium and magnesium salts on the stage of 

development" coordinated with Perm Bureau of Subsurface Reserves by letter No. 04/1425 as of 12.07.2010. 

The letter of Perm Bureau of Subsurface Reserves No. 04/1346 as of 01.06.2012 approved the "Program of 

monitoring of condition of environment of the licensed subsoil including Polovodovsky subsoil, part of the 

Novo-Solikamsk subsoil and part of the Other area of the Verkhnekamskoye deposit of potassium and 

magnesium salts". Report "Results of monitoring of environment over 2011" is sent to the Perm Bureau of 

Subsurface Reserves. 

P.6 Payments and taxes in case of subsoil use: 6.1.1. Regular payments for use of subsurface reserves in the 

purposes of survey of deposit of potassium and magnesium salts before the moment of commissioning of the 

Licensed subsoil for industrial operation (over all the area of the Licensed subsoil except for the areas of 

deposits of potassium and magnesium salts that were commissioned for industrial operation) are established 

by the following rates for 1 sq. km.: 7,350 rubles – for each calendar year of deposit survey. Realization: 

Payment is performed once per quarter. 6.2. Resources developer must not later than 01.08.2008 pay one-time 

payment for subsoil use which was specified by results of the auction in the amount of 35,140,000,000 (thirty 

five billion one hundred and forty million) rubles less earlier paid deposit in the amount of 1,400,000,000 (one 

billion for hundred million) rubles. Realization: in terms specified by Subsoil use conditions. Payment order 

No. 3 as of 28.07.2008. Letter of the Perm Bureau of Subsurface Reserves on performance of one-time 

payment by results of the auction No. 01/1716 as of 29.07.2008. P. 6.3. Resources user must not later than 

21.07.2008 transfer into the federal budget charges for granting of the license for subsoil use in the amount 

of 10,500 (ten thousand five hundred) rubles. Realization: in terms specified by Subsoil use conditions. 

Payment order No. 49 as of 16.07.2008. 

P. 6.4. Resources user must not later than 20.08.2008 transfer into the federal budget charges for granting of 

Amendment No. 1 to the license ПЕМ 14511 ТЭ in the amount of 10,500 (ten thousand five hundred) rubles. 

Realization: in terms specified by Subsoil use conditions. Payment order No. 4 as of 01.08.2008. 

In 2011, Federal Service for Supervision of Natural Resource Usage verified compliance of the OJSC Kamsk 

Mining Company with requirements of the laws of the Russian Federation on subsurface reserves, 

requirements of land legislation of the Russian Federation, requirements of the laws of the Russian 

Federation in the field of protection of atmospheric air, handling of production and consumption wastes (Act 

of verification of the open joint-stock company "Kamsk Mining Company" by the Federal Service for 

Supervision of Natural Resource Usage No. 052-ПК as of 14.04.2011). According to the results of verification 

of the Federal Service for Supervision of Natural Resource Usage OJSC Kamsk Mining Company observes 

license conditions to the ПЕМ 14511 ТЭ in general. The Issuer does not expect factors that could prevent 

from meeting the license liabilities and possible future liabilities. 

b) Minerals processing 

Description of the main facilities used in processing: 

78

The Issuer processes potassium ore himself, without contractors. 

White potash chloride 

While processing of Silvinit by chemical 

(halurgy) method white potassium chloride can be obtained due to different solubility of salts of potassium 

chloride and sodium chloride followed by crystallization of potassium chloride. 

Silvinit ore mainly consists of potash chloride, sodium chloride and some impurities. 

It is preliminarily crushed as needed and then goes on the conveyors to halurgy concentrating mill 

where it is dissolved. Leaching of potash chloride out of Silvinit ore is performed by means of hot dissolvent 

alkaline solution that is not KCI alkalizated. KCI alkalizated lye is formed during leaching process. Then it is 

clarified (separated from argillous salt sludge). The clarified alkalizated lye undergoes multistep vacuum 

crystallization when a hot alkalizated lye cools gradually down to crystallize potash chloride (KCI). 

After vacuum-crystallizing facility the derived suspension 

(cool crystallized lye) is dehydrated in the conic thickeners and centrifuges. As a result, crystals separate from 

mother liquor. 

The solid crystals go to drying. potash chloride is dried in drum driers or fluid-bed furnaces operated with 

natural gas. To prevent the final product from caking, it undergoes special treatment. After drying the final 

product is put in the warehouse and then delivered to customers. 

Pink potash chloride 

Pink potash chloride is produced at flotation processing plants. Silvinit ore mainly consists of potash 

chloride, sodium chloride and some impurities. 

Ore is crushed as needed and then undergoes wet grinding at rod mills combined with preliminary 

classification and calibration. Pulp derived after grinding is deslimed. 

Pulp of Silvinit ore is deslimed according to the scheme that combines mechanical (in hydricyclones) and 

flotation (in flotation machine) ways to clear the pulp from argillous carbonate slime. 

The deslimed Silvinit pulp goes in the flotation machines for flotation. 

Flotation is a process based on ability of minerals the processed ore consists of to become wet. 

For Silvinit ore beneficiation froth flotation is used. Pulp coming to flotation is processed by flotation 

reagents. Purpose of reagents is to modify the surface properties of minerals. The flotation process is carried 

out in flotation machines. Then flotation machine blows through the pulp containing flotation reagents. 

Particles of potash chloride that do not moisten by water are washed up at the surface with air bubbles. It is 

the way potash chloride floats. To get concentrated potash chloride a few flotation cycles are carried out (the 

main cycle of Silvinit flotation and three cycles of concentrate cleaning). 

After flotation concentrated potash chloride is filtered in centrifuges or band vacuum filters. Filtered 

potassium chloride is 

dried in fluid-bed furnaces or pipe driers that operate with liquid fuel or natural gas. 

To prevent flotation potash chloride from caking and covering with dust it is specially treated. 

Granulated potash chloride 

Granulated potash chloride is formed by pressing flotation (pink) potash chloride. 

Before the right process of pressing the dried pink potash chloride is heated in drier machine to 

eliminate the rest of moisture, increase temperature and its plasticity and also reduce impurities that can fix 

on the particles surface during flotation and drying. 

After heating potash chloride goes to rolling press machine where it is pressed in tablets at high 

pressure. The derived tablets are crushed then in crushers in accordance with their size classified in vibrating 

sifters. 

The received fraction that is granulated material undergoes refinement process when granules are 

hardened: sharp borders and splits are eliminated, attritus is sifted out, the product is dried and cooled down 

in vibrating cooling driers and treated with modifying agents. 

After refinement the granulated potash chloride is put in the warehouse and then delivered to 

customers. 

79

Main facilities used in processing: 

- Buildings; 

- Structures; 

- Transfer devices; 

- Machinery and equipment; 

- Transport vehicles; 

- Production tools and organizational stock; 

- Other fixed assets 

- Earth 

The Issuer and his subsidiaries or associated companies can not involve contractors to process extractive 

minerals. 

c) Production distribution 

Information about permission of the authorized state bodies for sale of minerals and their products, quotas, 

including for export: 

Currently, federal laws do not set limits, quotas on the sale of products (services) of the Issuer, including for 

export. 

3.2.8. Additional requirements to issuers, the core business of which is provision of 

communication services 

The main activity of the Issuer is not provision of communication services 

3.3. The plans for the Issuer's future activities 

Five mines and seven processing facilities are operating in the unified company OJSC Uralkali, including 

carnallite factory. In 2012, the Company has continued its technical reequipment program with for the 

production capacities that was started in the previous years. 

The Company also implements its program of increasing the production of potash chloride to 13 mln tonnes 

in 2012 and to 13.5 mln tonnes in 2013. 

For this purpose the Company implements the following production expansion projects: - increase in capacity 

of the mine and the concentrating plant BKPRU-4, - increase in capacity of the granulation departments of 

BKPRU-3. 

In September 2012, experimental production operation of the existing line was started. After it the 

concentrating plant must reach design capacity – 3 mln tons of potassium chloride per year. 

Department of pelletization of BKPRU-3 operates with design capacity since February 2012. 

To reach the capacity of 14 mln tonnes of potash chloride by 2015, in 2012 the Company started 

implementation of projects for increase of production section loads and removal of "narrow spots" and 

design of SKRU-3 expansion. The Company also got down to restructuring of department of pelletization of 

SKRU-2. Restructuring of the 4 th technological line is underway, restructuring of the 1 st , 2 nd and 3 rd lines is 

planned for 2013-2016. The Company was granted the license for development of Ust-Yayvinsky and 

Polovodovsky territories. In accordance with conditions of the license agreement for development of Ust- 

Yayvinsky territory the Company developed and negotiated in the state bodies design documentation for 

construction of a mine with a capacity of 11 mln tons per year. In 2012, the Company got down to 

construction works. The contract for shaft sinking was concluded. Surface complex is being designed. 

The Company also develops design documentation for development of Polovodovsky territory. 

In order to reduce specific expenses for power resources the Company realizes the following projects: - energy 

program – location of energy sources for the electric and heat power generation, - energy-saving program – 

technological development, introduction of modern energy-saving equipment. 

3.4. The Issuer’s participation in banking groups, banking holdings, holdings and associations 

Name of group, holding, concern or association: INTERNATIONAL FERTILIZER INDUSTRY 

ASSOCIATION LIMITED 

80

Term of participation of the Issuer: 2001 

Role (place) and functions of the issuer in the organization: 

Status – ordinary member of Association. 

Functions –participation in the association’s activity. 

Name of group, holding, concern or association: Non-profit making organization All-Russian Association of 

Privatized and Private Enterprises 



Status – member of Association. On 29.06.2011, the general meeting of shareholders of OJSC Uralkali made 

a decision on termination of participation in this association, at the time being works for exit from this nonprofit 

organization is under way. 

Functions - the Issuer does not take part in activities of the association. 

Name of group, holding, concern or association: Nonprofit organization Russian Fertilizers Producers 

Association 



Status – member of Association. On 29.06.2011, the general meeting of shareholders of OJSC Uralkali made 

a decision on termination of participation in this association, at the time being works for exit from this nonprofit 

organization is under way. 

Functions – the Issuer does not take part in activities of the association. 

Name of group, holding, concern or association: Nonprofit organization Russian Fertilizers Producers 

Association 



Status – member of Association. 

Functions – participation in the association’s activity. 

Name of group, holding, concern or association: Association of power engineers of Western Ural 



Status – member of Association 

Functions – participation in the association’s activity. 

3.5. The Issuer's subordinate organizations that are of material importance to it 

Full corporate name: Closed Joint-Stock Company Uralkali-Technology 

Abbreviated corporate name: CJSC Uralkali-Technology 


618426 Russia, Perm Region, Berezniki, 74 Sverdlova st. 

INN (Tax ID): 5911045510 


Reason (reasons) due to which the Issuer realizes control over the subordinate organization (participation in the 

Issuer's subordinate organization, conclusion of the contract of trust property management, conclusion of simple 

partnership contract, conclusion of assignment contract, conclusion of shareholder agreement, conclusion of 

other agreement the scope of which presents realization of rights certified by shares of the Issuer's subordinate 

organization): 

participation in the Issuer's subordinate organization 

The sign that the Issuer controls organization in relation to which it is a controlling entity: the right to direct 

81

more than 50 per cent of votes in the highest management body of the Issuer's subordinate organization 

Type of control: direct control 

The Issuer’s share in the charter capital of the subordinate organization, %: 100 

Fraction of the ordinary shares held by the Issuer, %: 100 

The share of the subordinate organization in the charter capital of the Issuer, %: 0 

Fraction of the Issuer’s ordinary shares held by the subordinate organization, %: 0 

Description of the company’s core business. 

Development of scientific and technical documentation, manufacture and testing of special-purpose 

equipment and prototype samples. 

Development of new technologies and equipment for the Issuer’s benefit 

Board of directors (supervisory board) of the company 

Full name The person’s 

share in the 

charter 

capital of the 

Issuer, % 

Fraction of 

the Issuer’s 

ordinary 

shares held 

by the person: 

Belyakov Viktor Nikolayevich 0 0 

Seleznev Stanislav Sergeevich (Chairman) 0 0 

Samsonova Elena Yuryevna 0 0 

Sharapov Dmitry Petrovich 0 0 

Shvetsova Marina Vladimirovna 0 0 

Sole executive body of the company 



charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Tsvetkov Mark Evgenievich 0 0 

Collective executive body of the company 

Collective executive body is not provided for 

Full corporate name: Limited Liability Company Vagonnoje Depo Balakhontsy 

Abbreviated corporate name: LLC Vagonnoje Depo Balakhontsy 


Russia, 618426, Perm Region, Berezniki, 63 Pyatiletki st. 

INN (Tax ID): 5911040568 





82










Description of the company’s core business: 

Provision of services for repair, technical maintenance and rework of railway locomotives, tram and other 

motor cars and rolling stock. 

Maintenance of the railway-yard on behalf of the Issuer 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 




Maslakov Vladimir Vladimirovich (Chairman) 0 0 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Smirnov Dmitry Vladimirovich 0 0 



Full corporate name: Limited Liability Company Construction and Installation Group Berezniki Mine 

Construction Office 

Abbreviated corporate name: LLC SМТ BSHSU 


618400 Russia, Perm Region, Berezniki, 8 Lokomotivniy pereulok st. 

INN (Tax ID): 5911041265 




83












Civil works, earth works, stone works and installation works. 

Implementation of construction and installation works on behalf of the Issuer 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Bezzubov Vladimir Alexandrovich (Chairman) 0 0 


Baumgertner Vladislav Arturovich 0 0 

Vyletok Igor Borisovich 0.0004 0.0004 

Kolosov Alexey Valeryevich 0 0 






charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Vyletok Igor Borisovich 0.0004 0.0004 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Vyletok Igor Borisovich (Chairman) 0.0004 0.0004 

Golikov Sergey Dmitriyevich 0 0 

84

Litvinov Andrey Vladimirovich 0 0 

Lialina Elena Nikolaevna 0 0 

Chibisov Konstantin Valerievich 0 0 

Full corporate name: Limited Liability Company Silvinit 

Abbreviated corporate name: LLC Silvinit 


618426 Russia, Perm Region, Berezniki, 63 Pyatiletki st. 

INN (Tax ID): 5911062723 















Production of fertilizers and nitrogen compounds. 


Board of directors (supervisory board) is not provided for 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Kvitkin Stanislav Yuryevich 0.0005 0.0005 



Full corporate name: Closed Joint-stock Company Avtotranskali 

Abbreviated corporate name: CJSC Avtotranskali 


85

618400 Russia, Perm Region, Berezniki, 4 Parizhskoy Kommuny st. 

INN (Tax ID): 5911054056 















Transportations, loading, unloading and forwarding operations and services. 

Rendering passenger and freight transportation services for the Issuer’s benefit 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Belyakov Viktor Nikolayevich (Chairman) 0 0 

Zybin Evgeniy Gordeevich 0.0002 0.0002 

Petriv Andrey Mikhailovich 0 0 






charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Plyga Yury Vladimirovich 0 0 



Full corporate name: Uralkali Capital s.a.r.l. 

Abbreviated corporate name: Uralkali Capital s.a.r.l. 

86


Luxembourg, L-2220, Luxembourg, 560 rue de Neudorf, bldg. А 














Wholesale trade. 

Commercial agent on behalf of the Issuer. 

Management bodies 

Management body name: Manager A 



charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Evstratov Sergey Yuryevich 0 0 

Management body name: Manager B 



charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Fender Christoff Lewiss Ernest 0 0 

Full corporate name: Open Joint-Stock Company Baltic Bulk Terminal 

Abbreviated corporate name: OJSC BBT 


Russia, 198096, Saint-Petersburg, Elevatornaya ploshchadka 28-AC, Ugolnaya Gavan 

INN (Tax ID): 7805164692 


87















Loading and unloading operations. 

Rendering logistic services for the Issuer’s benefit, substantially significant for the Issuer’s activity 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Baumgertner Vladislav Arturovich (Chairman) 0 0 


Kotlyar Evgeniy Konstantinovich 0.0017 0.0017 

Krivoruchko Irina Valentinovna 0.002 0.002 

Motovilov Andrey Vladimirovich 0 0 





charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Krivoruchko Irina Valentinovna 0.002 0.002 



Full corporate name: Limited Liability Company Satellite-Service 

Abbreviated corporate name: LLC Satellite-Service 

88



INN (Tax ID): 5902196801 















Maintenance and repairs of office machinery and computing machinery. 

Integrated support for information systems (including financial ones) and IT of the services of OJSC Uralkali 

and maintenance of office equipment for the Issuer’s benefit 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 



Durnovtsev Sergey Nikolayevich 0.0002 0.0002 



Penkov Oleg Viktorovich 0.0001 0.0001 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Penkov Oleg Viktorovich 0.0001 0.0001 



89

Full corporate name: Limited Liability Company Media-Sphere 

Abbreviated corporate name: LLC Media-Sphere 


Russia, 618400, Perm Region, Berezniki, 1 Yubileynaya st. 

INN (Tax ID): 5902193864 















Production and issue of mass-media. 

Rendering of information services for the Issuer’s benefit 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Dolgova Ekaterina Nikolaevna 0 0 

Babinskiy Alexander Yuryevich (Chairman) 0 0 

Subbotin Anton Gerasimovich 0 0 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Dolgova Ekaterina Nikolaevna 0 0 



Full corporate name: Limited Liability Company Vodokanal 

90

Abbreviated corporate name: LLC Vodokanal 


Russia, 618554, Perm Region, Solikamsk, 1 Raskova st. 

INN (Tax ID): 5919004850 















Collection, purification and distribution of water, wastewater disposal and treatment 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Kotlyar Evgeniy Konstantinovich (Chairman) 0.0017 0.0017 

Ryumkin Aleksey Alexeevich 0 0 

Kisliakov Alexander Vladimirovich 0 0 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Belkin Oleg Anatolyevich 0 0 



Full corporate name: Limited Liability Company Kama-Mineral 

Abbreviated corporate name: LLC Kama-Mineral 


91

Russia, 614000, Perm Region, Perm, 5 Sergeya Danshchina st. 

INN (Tax ID): 5903039713 















Organization of goods traffic 


Board of directors (supervisory board) has not been formed 




At the moment the company is being liquidated. 



charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Full corporate name: Limited Liability Company Material and Technical Supply Enterprise OJSC Silvinit 

Abbreviated corporate name: LLC MTS Enterprise OJSC Silvinit 


Russia, 618540, Perm Region, Solikamsk, 14 Mira st. 

INN (Tax ID): 5919470509 










92







Agency business, commodity and purchasing operations 






At the moment the company is being liquidated. 



charter 


Issuer, % 

Full corporate name: Limited Liability Company Silvinit-Capital 

Abbreviated corporate name: LLC Silvinit-Capital 



INN (Tax ID): 5919011914 


Fraction of 


ordinary 

shares held 











The Issuer’s share in the charter capital of the subordinate organization, %: 91.66636 




Capital investments in securities, consulting on the issues of commercial activity and management 



93




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Basilashvili Mikhail Sergeyevich 0.00004 0.00004 



Full corporate name: Limited Liability Company Silvinit-Transport 

Abbreviated corporate name: LLC Silvinit-Transport 



INN (Tax ID): 5919017810 















Financial leasing, consulting on the issues of commercial activity of management 






charter 


Issuer, % 

Fraction of 


ordinary 

shares held 




94


Full corporate name: Limited Liability Company Sol-TV Television Company 

Abbreviated corporate name: LLC Sol-TV Television Company 



INN (Tax ID): 5919007146 















Activity in the field of radio broadcasting and television 






charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Subbotin Anton Gerasimovich 0 0 



Full corporate name: Limited Liability Company EN-Resurs 

Abbreviated corporate name: LLC EN-Resurs 


Russia, 618541, Perm Region, Solikamsk, st. Mira, 2, bldg. А 

INN (Tax ID): 5911029807 



95













Provision of services for assembly, repair and technical maintenance of devices and tools for measurement, 

control, testing, navigation, location and other targets 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 






Isaev Alexander Borisovich 0 0 

Ryumkin Aleksey Alexandrovich 0 0 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Isaev Alexander Borisovich 0 0 



Full corporate name: Limited Liability Company Tsentr Avtomatizatsii i Izmereniy 

Abbreviated corporate name: LLC Tsentr Avtomatizatsii i Izmereniy 


Russia, 618541, Perm Region, Solikamsk, 2 Mira st., bldg. А 

INN (Tax ID): 5919015242 


96














provision of services for assembly, repair and technical maintenance of devices and tools for measurement, 

control, testing, navigation, location and other targets 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 




Bezzubov Vladimir Alexandrovich (Chairman) 0 0 


Tomilin Maksim Borisovich 0 0 

Podmazov Vyacheslav Viktorovich 0.0003 0.0003 





charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Tomilin Maksim Borisovich 0 0 






97

Russia, 618426, Perm Region, Berezniki, 74 Sverdlova st. 

INN (Tax ID): 5911065428 















Manufacture of building metal products 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 





Bezzubov Vladimir Alexandrovich 0 0 


Beloglazov Konstantin Vladislavovich 0.00003 0.00003 

Kotlyar Evgeniy Konstantinovich (Chairman) 0.0017 0.0017 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Beloglazov Konstantin Vladislavovich 0.00003 0.00003 




charter 


Fraction of 


ordinary 

shares held 

98

Issuer, % by the person: 

Soloviev Alexander Mikhailovich 0 0 

Beloglazov Konstantin Vladislavovich (Chairman) 0.00003 0.00003 

Biriukov Alexander Vladimirovich 0 0 

Bogacheva Svetlana Nikolaevna 0 0 

Manakov Vitaliy Mikhailovich 0.0004 0.0004 

Panfilova Natalya Dmitriyevna 0.00004 0.00004 

Pismenny Nikolay Petrovich 0 0 

Full corporate name: Closed Joint-Stock Company Solikamsk building trust 

Abbreviated corporate name: CJSC Solikamskstroi 


Russia, 618547, Perm Region, Solikamsk, 19 R. Luxembourg 

INN (Tax ID): 5919000870 











The Issuer’s share in the charter capital of the subordinate organization, %: 72.05 

Fraction of the ordinary shares held by the Issuer, %: 72.05 




Capital construction, technical reequipment, restructuring, capital and current repair of objects of industrial 

and social household assignment. 




charter 


Issuer, % 

Fraction of 


ordinary 

shares held 


Abashin Georgiy Stepanovich 0 0 



Abashin Dmitry Georgievich 0.001 0.001 



99



charter 


Issuer, % 

Abashin Dmitry Georgievich 



Full corporate name: ENTERPRO SERVICES LTD 

Abbreviated corporate name: ENTERPRO SERVICES LTD 


1095 Cyprus, Nicosia, Lampousas 1 

Fraction of 


ordinary 

shares held 










Type of control: indirect control 

all the Issuer's subordinate organizations (chain of organizations under direct or indirect control of the Issuer) via 

which the Issuer realizes indirect control of organization, in relation to which it's a controlling entity: 

Uralkali Capital s.a.r.l. 

- location: 560A, rue de Neudorf, L-2220, Luxemburg 

- amount of the share of subordinate organization in the charter capital of the Issuer as well as the fractions 

of ordinary shares of the Issuer which belong to the subordinate organization: 0% 

- description of the subordinate organization’s core business: participation in joint-stock companies and 

enterprises, management of joint-stock companies and enterprises, acquisition of shares and securities, 

investment activities 

- members of the Board of Directors (Supervisory Board) of the subordinate organization with indication of 

the Chairman of the Board of Directors (Supervisory Board) and indication of the following data for each 

member of the Board of Directors (Supervisory Board): Board of Directors (Supervisory Board) is not 

available due to the absence of requirement of availability of such a management body in legislation of 

Luxembourg 

- collegial executive body: Management board 

- members of the Management Board: Christophe Fender; Sergey Evstratov 

- shares of the specified persons in the registered (charter) capital (share fund) of the Issuer - commercial 

organization and in case if the Issuer is a joint-stock company - also the amount of ordinary shares of each of 

the specified persons: the members of the Management Board do not have the indicated shares 

Uralkali Investments S.a.r.l. 

- location; 560A, rue de Neudorf, L-2220, Luxemburg 

- amount of the share of subordinate organization in the charter capital of the Issuer as well as the fractions 

of ordinary shares of the Issuer which belong to the subordinate organization: 0% 

- description of core business of the subordinate organization; participation in joint-stock companies and 

enterprises, acquisition of shares and securities, investments 

- members of the Board of Directors (Supervisory Board) of the subordinate organization with indication of 

the Chairman of the Board of Directors (Supervisory Board) and indication of the following data for each 

member of the Board of Directors (Supervisory Board): Board of Directors (Supervisory Board) is not 

available due to the absence of requirement of availability of such a management body in legislation of 

100

Luxembourg 

- collegial executive body: Management board 

- members of the Management Board: Christophe Fender; Sergey Evstratov 

- shares of the specified persons in the registered (charter) capital (share fund) of the Issuer – commercial 

organization and in case if the Issuer is a joint-stock company – also the amount of ordinary shares of each of 

the specified persons: the members of the Management Board do not have the indicated shares 




investment activities, acquisition of securities 

Management bodies 

Management body name: Director 

Authorities are granted to the managing organization 

Full corporate name: INTER JURA CY (DIRECTORS) LIMITED 

Abbreviated corporate name: 

Location: 1 Lampousas Street, P.C. 1095, Nicosia, Cyprus 


The Issuer’s share in the charter capital of the managing organization, %: 0 

Fraction of the managing organization’s ordinary shares held by the Issuer, %: 0 

The managing organization’s share in the charter capital of the Issuer, %: 0 

Fraction of the Issuer’s ordinary shares held by the managing organization, %: 0 

3.6. Composition, structure and value of the Issuer’s fixed assets, information about the plans 

for acquisition, substitution and disposal of the fixed assets, and on all the events of 

encumbrance on the Issuer’s fixed assets 

3.6.1. Fixed assets 

As of the date of the reporting quarter completion 

Unit: rub. 

Name of the group of items of fixed assets Initial 

(replacement) 

cost 

Buildings 10,638,761,53 

9.190001 

Facilities 10,440,551,18 

2.49 

Transfer devices 4,664,743,906. 

81 

Machinery and equipment 44,539,931,33 

3.379997 

Means of transportation 7,634,194,085. 

83 

Production tools and household instruments 194,610,548.9 

3 

Accumulated 

appreciation 

sum 

1,924,361,269. 

37 

4,296,386,269. 

91 

2,179,794,284. 

87 

24,696,628,595 

.330002 

4,203,361,726. 

12 

143,800,224.52 

Perennial plantations 3,165,515.9 6.3 

Land 465,720,613.0 

4 

Other fixed assets 195,000 85,544.63 

101

TOTAL 78,581,873,72 

5.570007 

The information on the plans for acquisition, 

substitution and disposal of the fixed assets 

whose value is 10 and more per cent of the 

value of the issuer’s fixed assets, and other 

fixed assets at the issuer’s discretion, as well 

as the information on all the events of 

encumbrance of the issuer’s fixed assets 

(specifying the nature of encumbrance, the 

date of encumbrance occurrence, the period 

of its validity and other conditions at the 

issuer’s discretion): 

Indicator 

Fact 

2010 

37,444,417,921 

.050003 

Information about the methods of accumulation of depreciation in respect of the groups of items of fixed assets: 

Accounting standards (rules) used by the Issuer to present information about its fixed assets: 

Russian Accounting Regulations "Accounting of fixed assets" PBU 6/01, approved by the Order of the 

Ministry of Finance of the RF of March 30, 2001 No. 26н (as amended by the Orders of the Ministry of 

Finance of the RF on May 18, 2002 No. 45н, on December 12, 2005 No. 147н, on September 18, 2006 No. 

116н, on November 27, 2006 No. 156н, on October 25, 2010 No. 132н, on December 24, 2010 No. 186н). 

Information about the methods of accumulation of depreciation in respect of the groups of items of fixed 

assets: 

In respect of the fixed assets acquired before January 01, 2002, depreciation of the items of the fixed assets is 

carried out by two methods: 

- by the straight-line method according to which the annual depreciation amount is determined on the basis of 

the initial value (or the current (replacement) value if the revaluation is carried out) of the item of the fixed 

assets and of the depreciation rate (taking into account the ratios), determined at the introduction of this item; 

-by the method of write-off of the value pro rata with the volume of production– this method is applied to the 

group of the fixed assets including buildings and facilities of workshops of mining departments (the list of 

these items is determined by the Company’s order), as well as to the transport except special-purpose vehicles 

(actual monthly mileage is read off the vehicle speedometers at motor-road transport departments and 

submitted to the Company’s accounting department). Sludge depositories and salt dumping sites are 

depreciated taking into account the filling time. 

In respect of the fixed assets the depreciation rates are determined on the basis of the item’s useful service 

life. The useful service of life of the items of the fixed assets is fixed according to the Classifier of the fixed 

Fact 

2011 

Plan 

9 months of 2012 

Fact 

9 months of 

2012 

Investments – total 11,488,677 10,686,179 12,217,087 7,211,899 

including the following: 

Investments in non-current assets 11,488,677 10,686,179 12,217,087 7,211,899 

construction and reconstructions 9,554,337 7,043,707 8,933,824 4,799,370 

design and engineering survey works 1,184,599 1,235.648 1,251,112 769,923 

construction and installation works 4,147,428 

equipment for construction 

and reconstruction 

4,016,501 4,281,675 1,669,072 

4,222,310 1,791,557 3,401,037 2,360,375 

installation 319,098 216,959 375,166 70,844 

equipment for installation not included in 

construction and reconstruction 

679,702 1,988,286 1,560,240 1,597,385 

modernization 595,308 977,238 690,559 240,159 

acquisition of items of fixed assets 340,232 459,990 657,298 504,142 

102

assets of the OJSC Uralkali, developed in the Company on the basis of the classification of fixed assets 

included in depreciation groups, approved by the Decree of the RF Government of January 01, 2002 No. 1 (as 

amended on August 08, 2003 No. 476, on November 18, 2006 No. 697, on September 12, 2008 No. 676, on 

February 24, 2009 No. 165, on December 10, 2010 No. 1011). 

The useful service life of the item of the fixed assets in the Classifier of the fixed assets of the OJSC Uralkali 

is determined on the basis of the expected physical depreciation depending on the operational conditions of 

the item, natural conditions and the influence of corrosive environment etc. 

Accounting date: 30.09.2012 

The results of the last revaluation of the fixed assets and the fixed assets on long-term lease carried out during 

the last completed fiscal year with the specification of the revaluation date, the overall and depreciated (with the 

deduction of depreciation) balance-sheet value of the fixed value before the revaluation and the overall and 

depreciated (with the deduction of depreciation) replacement value of the fixed assets taking into account this 

revaluation. The specified information is given for groups of objects of fixed assets. Information about the 

methods of accumulation of depreciation in respect of the groups of items of fixed assets. 

Revaluation of fixed assets over the specified period has not been carried out 

Capital investments into the fixed assets of OJSC Uralkali 


Pledges: 

As of 30.09.2012 there are two valid contracts "On pledge of property (equipment)": 

1. According to the contract of pledge of equipment No. 001/1719Z/10 as of August 17, 2010, the Issuer granted to the 

CJSC "UniCredit Bank"" the property in accordance with the List given in Attachment 1 to the Contract. Price of 

property negotiated as per this contract amounted 1,939,122,955.57 rubles. The pledged equipment stays in possession of 

the Issuer located at: Perm area, town of Berezniki, BKPRU-2, BKPRU-3, BKPRU-4. Date of emergence of encumbrance 

17.08.2010. Date of execution of contractual obligations by the Issuer 17.08.2013. 

2. As per pledge contract No. 3/5480 dated 30.05.2012 and additional agreement No. dated 28.08.2012, the Issuer pledged 

to the OJSC "Savings Bank of Russia" property according to the Attachment 1 which is the integral part of the contract. 

Collateral value of property as per the contract amounted 6,587,765,077.21 rubles. The Issuer has the right to possess and 

use equipment which is the subject of pledge. Stations of registration of the subject of pledge Solikamsk, Berezniki. Date 

of emergence of encumbrance 30.05.2012 Data of execution of Issuer's contractual obligations 22.11.2014. 

Report on residual value of property transferred for rent, as of 30.09.2012. 

Contractor name 

Agreement No., 

agreement date 

Agreement period Leased facility 

CJSC IVS-Seti 2515/2004 06.12.2004 

indefinite period 

Real property 

CJSC SPNU 3931/2005 01.01.2006 


Real property 

CJSC 

3523/2005 01.10.2005 

Real property 

ENERGOSERVICE 


OJSC ROSTELECOM 2947/2005 01.09.2005 


Real property 

LLC KorpusGroupUral 3935/2005 01.01.2006 


Real property 

LLC Berezniki telephone 1593/2007 01.04.2007 

Real property 

company 


OJSC Agrokhiminvest 347/2007 01.01.2007 


Real property 

LLC РС Bezopasnost 1989/2006 02.05.2006 

28.02.2013 

Real property 

LLC Satellite-Service 1214/2006 01.01.2006 


Real property 

LLC KorpusGroupUral 616/2007 01.01.2007 


Real property 

LLC SМТ BSHSU 201/2008 01.01.2008 Real property 

Residual value of 

property as of 

30.09.2012 

(thousand rubles) 

550 

2477 

6844 

25 

291 

917 

3328 

24 

1781 

52076 

103

indefinite period 13043 

LLC Teploservice 4322/2006 01.10.2006 

Real property 


5273 

LLC Vagonnoje Depo 4126/2006 01.11.2006 

Real property 

Balakhontsy 


35519 

CJSC Avtotranskali 4210/2006 01.10.2006 

Real property 


34771 

LLC Technical service 4312/2006 01.11.2006 

Real property 

center 


21914 


Real property 


3432 

LLC SМТ BSHSU 4094/2006 01.09.2006 

Real property 


5121 

OJSC ROSTELECOM 

17.12.2002 

Real property 

2716/2002 


117 

CJSC 

5039/2006 15.11.2006 

Real property 

ENERGOSERVICE 


37579 

LLC 

01.11.2007 

Real property 

TruboprovodSpecStroy 4437/2007 


1435 

01.01.2008 

Real property 

LLC SМТ BSHSU 182/2008 


170 

CJSC Novaya 

01.01.2008 

Real property 

nedvizhimost 

320/2008 


10867 

CJSC Uralkali- 

15.01.2008 

Real property 

Technology 

499/2008 


4758 

LLC Polyclinic Uralkali- 

01.05.2012 

Real property 

med 

1787/2012 

01.05.2017 

7095 

01.11.2008 

Real property 

LLC Televideocentre 5411/2008 


27896 

01.10.2008 

Real property 

LLC Satellite-Service 5156/2008 


33438 

LLC KorpusGroup Ural 3774/2009 05.10.2009 

Real property 


4008 

LLC SK ТIKАМ 2041/2010 01.04.2010 

Real property 


13 

LLC Uralstroyservice 2062/2010 01.04.2010 

Real property 


17 

CJSC Berezniki 

1794/2010 13.04.2010 

Real property 

mechanical plant 


15 

LLC Uralstroyzashchita 3880/2010 05.08.2010 

Real property 


30 

LLC SМТ BSHSU 5758/2008 01.12.2008 

Real property 


37986 

CJSC 

4997/2010 01.11.2010 

Real property 

ENERGOSERVICE 


3407 

LLC ChОО Transblok 5580/2010 01.12.2010 

Real property 


169 

State labor inspection of 5526/2011 01.05.2011 

Real property 

the Perm Region 


74 

West-Urals Department of 6185/2011 01.04.2011 

Real property 

the Federal Service of 

Ecological, Technological 

indefinite period (free use) 

and Nuclear Supervision 

0 

FSPI "1 department of 4518/2012 01.06.2012 

Real property 

the federal fire safety 

31.12.2012 

(free use) 

service in Perm district" 

0 

LLC Private Security 6966/2012 01.10.2012 

Real property 

Firm Sheriff Security 

01.09.2013 

1637 

LLC Private Security 4397/2012 01.06.2012 

Real property 

Firm Sheriff Security 

01.03.2013 

0 

LLC Satellite-Service 6116/2011/СЛ 17.05.2011 

Real property 


16383 

LLC Vagonnoje Depo 6297/2011/СЛ 17.05.2011 

Real property 

Balakhontsy 


94628 

104

LLC Vagonnoje Depo 6296/2011/СЛ 17.05.2011 

Balakhontsy 


OJSC Agrokhiminvest 6340/2011/СЛ 17.05.2011 


CJSC Avtotranskali 7336/2011/СЛ 17.05.2011 


LLC SМТ BSHSU 9307/2011 01.10.2011 


LLC EN-Resurs 9048/2011 01.12.2011 


LLC Uralkali-Remont 9185/2011 01.11.2011 

01.10.2012 

LLC SМТ 

9305/2011 01.10.2011 

Khimmashservice 


LLC SK LOTOS-UYUT 10602/2011 01.12.2011 

01.11.2012 

IE Kulakov V.E. 10692/2011 01.12.2011 

01.11.2012 

CJSC Novaya 

10511/2011 01.12.2011 

nedvizhimost (New realty) 

01.11.2012 

IE Bochkarev D.A. 9816/2011 01.11.2011 

01.10.2012 

Kotlyar Evgeniy 

9776/2011 01.11.2011 

Konstantinovich 

01.10.2012 

LLC Tsentr Avtomatizatsii 9249/2011 01.12.2011 

i Izmereniy 

01.11.2012 


01.11.2012 

Sotnikov Dmitry 

655/2012 01.02.2012 

Vladimirovich 

01.01.2013 

LLC TENTO 580/2012 01.01.2012 

01.12.2012 

LLC Food production 496/2012 01.01.2012 

facility 

01.12.2012 

LLC SМТ BSHSU 1867/2012 01.03.2012 

01.02.2013 

IE Geckle V.O. 2746/2012 03.05.2012 

01.04.2013 

CJSC Solikamsk Building 1049/2012 01.02.2012 

Trust 

01.01.2013 

IE Shnyreva E.E. w/o number 29.03.2010 


OJSC ROSTELECOM 8446/2011 26.09.2011 


OJSC "Mobile 

2 01.03.2010 

TeleSystems" 

31.10.2012 

LLC Solikamsk 

10730/2011 29.01.2009 

Electromechanical plant 


OJSC Solikamsk 

w/o number 23.03.2010 

Magnesium Plant 


LLC KURS Machine w/o number 01.12.2009 

building enterprise 


LLC DEPO-REMONT w/o number 23.09.2009 


OJSC Megafon 2468 01.07.2009 


OJSC Megafon 2474 01.07.2009 


OJSC KB Ural FD w/o number 10.09.2008 


OJSC Vodokanal 1 01.08.2006 

01.08.2021 

LLC Silvinit-Transport 9/2007 19.02.2007 

31.12.2012 

Real property 

(sub-lease of Kizel) 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property and 

equipment 

Real property 

Real property 

Real property 

Real property 


equipment 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 


equipment 


equipment 

0 

3862 

82699 

5262 

8608 

55480 

13 

2570 

543 

710 

13 

17 

5788 

135594 

16 

163 

14572 

30 

678 

394 

27 

9 

1819 

1122 

3557 

0 

508 

0 

11 

2065 

28363 

24 

105

LLC Therapeutic Salts Of w/o number 15.02.2007 

The Kama Region 

Indefinite period 

LLC Charovnitsa SpK-13 25.03.2009 

31.12.2012 

OJSC Vympel 

01/2009 16.03.2009 

Communications 


LLC SМТ BSHSU 5340/2007 15.12.2007 


LLC SМТ BSHSU 2542/2009 01.08.2009 


JSC "Russian Railways" 1326/2009 01.02.2009 


TK Mineral LLC ТКМ 1 13.11.2008 


OJSC Solikamsk 

Magnesium Plant 

18 23.12.2010 


LLC Uralkali-Med 3171/2012 01.05.2012 

Polyclinic 

01.05.2017 

01.02.2008 

OJSC Agrokhiminvest 927/2008 


LLC Bereznikovsky 

01.01.2005 

rabochy 

1319/2005 


01.01.2005 

LLC Televideocentre 988/2005 


01.02.2008 

LLC SМТ BSHSU 1011/2008 


01.10.2005 

CJSC Avtotranskali 2737/2005 


LLC Berezniki telephone 

01.10.2005 

company 

3334/2005 


01.01.2006 

LLC Pressa 

3774/2005 

30.12.2012 

01.01.2006 

LLC Satellite Service 1334/2006 

30.12.2012 

LLC Technical service 9424/2011 

01.10.2011 

center 


01.01.2007 

LLC KorpusGroup Ural 619/2007 


CJSC Uralkali- 

15.01.2008 

Technology 

500/2008 


CJSC 

1601/2009 01.05.2009 

ENERGOSERVICE 



05.05.2013 

LLC Department of Perm 537/2011 01.02.2011 

GRES power station 

construction 






LLC EN-Resurs 9046/2011 01.12.2011 

01.11.2012 

LLC Tsentr Avtomatizatsii 9301/2011 01.12.2011 

i Izmereniy 

01.11.2012 

LLC SK LOTOS-UYUT 10593/2011 01.12.2011 

01.11.2012 


01.10.2012 

Equipment 

Real property 

Real property 

Real property 

(plot of land) 

Real property 


Real property 


Real property 


Real property 


Equipment and 

transport 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

Equipment 

26 

5 

158 

4273 

453 

4303 

79 

145 

13496 

3376 

0 

986 

1328 

1809 

327 

20944 

0 

1442 

699 

17 

0 

1 

365 

5771 

1599 

476 

1626 

524 

3576 

106


01.11.2012 

LLC SМТ BSHSU 301/2008 01.01.2008 

31.12.2012 

OJSC Agrokhiminvest 1571/2008 06.02.2008 

31.12.2012 


31.12.2014 


31.12.2012 


31.12.2012 


31.12.2012 

CJSC VTB 24 

55/2010 08.10.2010 

31.12.2012 

Semenko I.V. 

3343/2010 01.07.2010 

(residential lease 

agreement) 

01.07.2013 

Shupenik A.V. 


agreement) 

2007/2012 10.03.2012 

10.03.2013 

Samunin I.B. 


agreement) 

Nikonova L.V. 


agreement) 

Klimashevskaya G.A. 


agreement) 

Novoselov M.N. 


agreement) 

Bormaleva E.V. 


agreement) 

Gorichev V.V. 


agreement) 

Ushakov S.Yu. 


agreement) 

Vlas E.Yu. 


agreement) 

Silaev A.Yu. 


agreement) 

Plyga Yu.V. 


agreement) 

Zorina E.Yu. 


agreement) 

Musikhin A.A. 


agreement) 

Makarikhin V.V. 


agreement) 

Federal Security Service 

Directorate of the Russian 

Federation 

713/2008 01.01.2008 

01.01.2013 

711/2008 01.01.2008 

01.01.2013 

710/2008 01.01.2008 

01.01.2013 

712/2008 01.01.2008 

01.01.2013 

5333/2010 01.12.2010 

01.12.2012 

4793/2008 01.09.2008 

01.09.2012 

3723/2012 01.04.2012 

01.04.2013 

6042/2012 11.07.2012 

11.07.2013 

2526/2012 05.03.2012 

05.03.2013 

1318/2009 01.04.2009 

01.04.2013 

1747/2009 04.05.2009 

04.05.2012 

2605/2010 01.06.2010 

01.06.2012 

5042/2012 01.07.2012 

01.07.2013 

6714/2011 01.06.2011 

01.06.2012 

Equipment 

Transport 

Transport 

Transport 

Transport 

Transport 

Equipment 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

9126 

18727 

9819 

82385 

69437 

4451 

3951 

3 

2120 

2300 

2327 

2270 

1410 

1741 

2252 

0 

2260 

1995 

2336 

1449 

2254 

2000 

3850 

2301 

107


agreement) 

Berlimova V.N. 


agreement) 

Sabirov I.R. 


agreement) 

Ipatov I.A. 


agreement) 

Lusnikova T.L. 


agreement) 

Zabara I.V. 


agreement) 

Vyletok E.V. 


agreement) 

Ayugin E.V. 


agreement) 

Rat E.V. 


agreement) 

Popov A.V. 


agreement) 

Pereslavtseva O.V. 


agreement) 

Nemchinova E.S. 


agreement) 

Ushtanit T.V. 


agreement) 

Zhukov R.N. 


agreement) 

Lebedev S.M. 


agreement) 

Menshikova N.M. 


agreement) 

Yakimov L.V. 


agreement) 

Pankin A.A. 


agreement) 

Artemiev M.S. 


agreement) 

Kovrigin V.V. 


agreement) 

Shaykhutdinov B.D. 


agreement) 

11146/2011 01.12.2011 

01.12.2012 

831/2012 01.02.2012 

01.02.2013 

Termination of 

contract since 

01.10.2012 

5241/2012 26.06.2012 

26.06.2013 

5237/2012 10.07.2012 

10.07.2013 

6307/2012 20.07.2012 

20.07.2013 

5997/2012 01.09.2012 

01.09.2013 

6305/2012 15.08.2012 

15.08.2013 

6303/2012 01.09.2012 

01.12.2012 

6301/2012 01.09.2012 

01.12.2012 

6298/2012 01.09.2012 

01.12.2012 

6300/2012 01.09.2012 

01.12.2012 

11622/2011 23.12.2011 

23.12.2013 

4351/2012 16.05.2012 

16.05.2013 

2157/2012 15.03.2012 

15.03.2013 

4305/2012 01.04.2012 

01.04.2013 

2300/2012 07.03.2012 

07.03.2013 

2299/2012 05.03.2012 

05.03.2013 

4304/2012 01.04.2012 

01.04.2013 

5999/2012 09.08.2012 

09.08.2013 

2126/2012 01.04.2012 

01.04.2013 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Todosienko A.N. 2383/2012 01.03.2012 Real property 

2301 

0 

1753 

1404 

2254 

1748 

1719 

1064 

854 

2476 

1626 

2238 

2396 

2707 

2136 

2707 

2136 

3540 

3237 

3277 

108


agreement) 

Krasavina E.G. 


agreement) 

Chernitsyn S.G. 


agreement) 

Vafin I.H. 


agreement) 

Timofeev A.V. 


agreement) 

Popov A.A. 


agreement) 

Smirnov D.V. 


agreement) 

Gorobets K.A. 


agreement) 

Zagvozdkin A.I. 


agreement) 

Rozhkova S.D. 


agreement) 

Olompiev Yu.A. 


agreement) 

Dashevsky D.S. 


agreement) 

Ponosov E.A. 


agreement) 

Osetrov S.S. 


agreement) 

Nagovitsyn A.B. 


agreement) 

Tola K.I. 


agreement) 

Antonyukov A.G. 


agreement) 

Starchevsky A.A. 


agreement) 

Mikhailov A.S. 


agreement) 

Khusainov M.R. 


agreement) 

Kataman K.Ya. 


agreement) 

Katkov V.A. 


agreement) 

2123/2012 16.03.2012 

16.03.2013 

2127/2012 01.03.2012 

01.03.2013 

2124/2012 01.03.2012 

01.03.2013 

2159/2012 01.03.2012 

01.03.2013 

2160/2012 01.03.2012 

01.03.2013 

2128/2012 01.03.2012 

01.03.2013 

11816/2011 26.12.2011 

26.12.2012 

11840/2011 26.12.2011 

26.12.2012 

11289/2011 14.12.2011 

14.12.2012 

11837/2011 26.12.2011 

26.12.2012 

6302/2012 03.08.2012 

03.08.2013 

11809/2011 26.12.2011 

26.12.2012 

11293/2011 14.12.2011 

14.12.2012 

2382/2012 01.04.2012 

01.04.2013 

11286/2011 14.12.2011 

14.12.2012 

11823/2011 26.12.2011 

26.12.2012 

11803/2011 26.12.2011 

26.12.2012 

11818/2011 26.12.2011 

26.12.2012 

11819/2011 26.12.2011 

26.12.2012 

2525/2012 01.03.2012 

01.03.2013 

2604/2012 01.03.2012 

01.03.2013 

01.03.2013 2136 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

2274 

2253 

2274 

2304 

2304 

3237 

2275 

2136 

2254 

2239 

3237 

2254 

2722 

2421 

2254 

2481 

3272 

1212 

1212 

2743 

2305 

109

Boltachev D.Sh. 


agreement) 

Erlyshev S.V. 


agreement) 

Starodubtseva M.V. 


agreement) 

Rakitin O.V. 


agreement) 

Frolov A.S. 


agreement) 

Stepochkina E.V. 


agreement) 

Tkachev, A.V. 


agreement) 

Tsvetkov M.E. 


agreement) 

Shteynikova Yu.S. 


agreement) 

Koryakin A.V. 


agreement) 

Malov A.A. 


agreement) 

Tarkashev K.V. 


agreement) 

Trifanov E.S. 


agreement) 

Nechaev D.V. 


agreement) 

Terentiev V.B. 


agreement) 

Kramarenko E.A. 


agreement) 

Mezeneva Yu.A. 


agreement) 

Olenev V.A. 


agreement) 

11841/2011 26.12.2011 

26.12.2012 

11829/2011 26.12.2011 

26.12.2012 

11835/2011 26.12.2011 

26.12.2012 

2161/2012 01.03.2012 

01.03.2013 

11801/2011 26.12.2011 

26.12.2012 

11806/2011 26.12.2011 

26.12.2012 

11811/2011 26.12.2011 

26.12.2012 

2104/2012 01.03.2012 

01.03.2013 

2384/2012 01.04.2012 

01.04.2013 

11808/2011 26.12.2011 

26.12.2012 

11813/2011 26.12.2011 

26.12.2012 

11291/2011 14.12.2011 

14.12.2012 

2975/2012 15.04.2012 

2302/2012 06.03.2012 

06.03.2013 

2163/2012 11.03.2012 

11.03.2013 

5317/2012 11.07.2012 

11.07.2013 

5239/2012 12.05.2012 

12.05.2013 

6304/2012 04.06.2012 

04.06.2013 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

3337 

3272 

2136 

3237 

2136 

2136 

3262 

Real property 4543 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

Real property 

TOTAL: 1263189 

2239 

2239 

2275 

2722 

2305 

1723 

1250 

3237 

2275 

3300 

110

Report on residual value of property transferred for the free use, 

as of 30.09.2012 

Contractor name 

Agreement No., 

agreement date 

Agreement period Leased facility 

Residual value of 

property, thousand 

rubles 

Medical Municipal Institution 

MUNICIPAL HOSPITAL No. 3 

1 01.01.2009 termless Equipment 1,143 

Medical Municipal Institution without number 15.06.2010 termless Equipment 

MUNICIPAL HOSPITAL No. 3 

2,680 

Medical Municipal Institution 

FAMILY PLANNING AND 

REPRODUCTION CENTER 

2 01.01.2009 termless Equipment 225 

LLC ChОО Transblok 

West-Urals Department of the 

Federal Service for Ecological, 

53 22.02.2011 

22.02.2012 

Real property 514 

Technological and Atomic 

6185\011 

Supervision 

01.04. 2011 

42 

Federal state public enterprise "1 

department of the federal fire safety 

termless Real property 

service in Perm district" 54 

TOTAL: 

4,658 

Report on residual value of property got under the leasing agreement, 

as of 30.09.2012 

Validity of contract No. 63 as of 30.11.2005 of financial leasing of property concluded with LLC Silvinit-Transport is 

terminated on 30.08.2012 due to the fact that the parties performed their obligations. 

Information on plans to purchase, replace, retire fixed assets the price of which amounts 

10 and more per cent of the price of fixed assets of the issuer. 

There was no purchase or retirement of objects of fixed assets the balance price of which amounts 10 and more per cent 

of balance price of the objects of fixed assets of the Company in the third quarter of 2012. 

IV. Information about the Issuer’s Financial and Economic Activity 

4.1. Results of the Issuer’s financial and economic activity 

Dynamics of indicators characterizing results of financial and economic activities of the Issuer, including its 

profitability and loss ratio calculated on the basis of data of accounting (financial) statements 



Unit of measurement for the amount of uncovered loss: thousand rubles 


Net profit margin, % 45.29 47.54 

Asset turnover ratio, times 0.299 0.442 

Return on assets, % 13.53 21.02 

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Return on equity, % 29.37 65.05 

Amount of uncovered loss as of the 

reporting date 

Correlation between the uncovered loss as 

of the reporting date and balance value of 

assets, % 

0 0 

0 0 

All the indicators calculated on the basis of recommended calculation methods 

Economic analysis of profitability/loss ratio of the Issuer based on dynamics of the given indicators as 

well as reasons which, according to the management bodies, resulted in losses/profits of the Issuer reflected in 

the accounting (financial) statements: 

The net profit margin is the final financial result of the Issuer’s activity for the reporting period. It 

characterizes the Company’s real owned capital gains, i.e. demonstrates if the Company can bring profits. As of 

30.09.2012, the value is 47.54%. 

The value of net profit of the Issuer for 9 months of 2012 increased 1.5 times compared with the similar 

period of 2011 and amounted, respectively, 42,886,482 thousand rubles and 29,019,348 thousand rubles. 

The assets turnover ratio characterizes the effectiveness of Issuer’s assets management. 

As of 30.09.2012, the value is 0.442. 

Return on assets demonstrates the profit received by the Company on 1 ruble of the assets value. The 

amount of return on assets as of 30.09.2012 was 21.02 %. 

Return on equity demonstrates how much profit each ruble of invested equity capital brings. This value 

as of 30.09.2012 was 65.05 %; 

The analysis of indicators allows making a conclusion of stable financial state of the Issuer. 

Factor 

The degree of influence according to Issuer’s 

estimates 

Volume of products sales High 

Products value High 

US dollars rate High 

Energy resources price rise Middle 

Inflation Middle 

The Issuer estimates such factors as products price and volume of products sales as factors that have high degree 

of influence due to the fact that the change of volume of products sales and also prices changes on the potash 

chloride market are one of the main factors that influence the amount of proceeds and, therefore, the Company’s 

profit. 

The opinions of the Issuer’s management bodies in relation to the reasons or to the degree of influence thereof on 

the Issuer’s financial and economic activity do not coincide: No 

Member of the Board of Directors (Supervisory Board) of the Issuer or the member of the collegial executive 

body of the issuer has a special meaning in relation to the mentioned reasons and/or degree of impact thereof on 

the results of financial and economic activities of the Issuer reflected in the minutes of the meeting (session) of 

the Board of Directors (Supervisory Board) of the Issuer or collegial executive body on which the corresponding 

issues were considered and insists on reflection of such an opinion in the quarterly report: No 

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4.2. The Issuer’s liquidity and sufficiency of capital and circulating assets 

Dynamics of indicators that characterize liquidity of the issuer which are calculated on the basis of accounting 

(financial) statements 



Unit of measurement for indicator "net working capital": thousand rubles 


Net turnover capital 17,943,968 79,597,923 

Current ratio 1.57 15.8 

Quick ratio 1.33 14.59 

The Issuer at his own discretion shows dynamics of indicators characterizing liquidity of the Issuer calculated on 

the basis of consolidated accounting (financial) statements of the Issuer included in the quarterly report: No 

All the indicators are calculated on the bases of the recommended calculation methods: Yes 

Economic analysis of the Issuer’s liquidity and solvency, of the sufficiency of the Issuer’s own capital 

for the fulfillment of short-term liability and for the covering of the Issuer’s current operating expenses based on 

the economic analysis of the behavior of the specified figures with description of factors that, from the point of 

view of the Issuer's management bodies, render the most significant impact on liquidity and solvency of the 

Issuer: 

The own circulating assets amount characterizes the part of the Issuer’s own circulating assets that is the source 

of the covering of the Issuer’s circulating assets (i.e. the assets with turnover below one year). This is the 

estimate indicator "Net working capital" depending both on the structure of assets and the structure of sources of 

the Issuer’s funds. Growth of specific weight of circulating assets in the currency of balance promotes 

improvement of indicators of liquidity and business activities of the enterprise. 

As of 30.09.2011 net working capital amounted 17,943,968 thousand rubles, as of 30.09.2012 - 

79,597,923 thousand rubles. 

Current liquidity ratio characterizes expected solvency of the enterprise during the period equal to 

average single turnover term of all current assets that is the ability to pay short-term liabilities in time. 

The index value was 15.8 as of 30.09.2012. 

Quick ratio characterizes the part of the current liabilities payable at the expense of either money or 

expected receipts for the shipped products, performed work, provided services. 

At the end of the 9 months of the year 2012 the quick ratio was 14.6. 

During 9 months of 2012 indicators characterizing liquidity and solvency of the Issuer showed positive 

dynamics. Their values turned out to be significantly higher than regulatory ones. 

The value of own (net) working capital for the analyzed period also increase, its amount is more than 

sufficient for performance of short-term liabilities and current operation expenses. 

The main factors impacting change of liquidity and solvency indicators include: 

- performance of transactions of connection of part of subordinate companies which resulted in significant 

decrease of fixed assets and short-term liabilities; 

- increase of price of turnover assets due to the growth of the most liquid assets (cash assets, assets in deposits, 

short-term accounts receivable) which was caused by continuously high level of sales of products of the Issuer 

for the analyzed period; 

- restructuring of credit portfolio of the Issuer, replacement of short-term credits with long-term ones. 

113

The opinions of the Issuer’s management bodies in relation to the reasons or to the degree of influence thereof on 

the Issuer’s financial and economic activity do not coincide: No 

Member of the Board of Directors (Supervisory Board) of the Issuer or the member of the collegial executive 

body of the issuer has a special meaning in relation to the mentioned reasons and/or degree of impact thereof on 

the results of financial and economic activities of the Issuer reflected in the minutes of the meeting (session) of 

the Board of Directors (Supervisory Board) of the Issuer or collegial executive body on which the corresponding 

issues were considered and insists on reflection of such an opinion in the quarterly report: No 

4.3. The Issuer’s financial investments 


The Issuer’s financial investments amounting to 5 and more per cent of all of the Issuer’s financial investments 

as of the end of the reporting period 

Investments into issuable securities 

Taxation of securities shares 

Full company name of the Issuer: Open Joint-Stock Company Baltic Bulk Terminal 

Abbreviated company name of the Issuer: OJSC Baltic Bulk Terminal 

Issuer's principal place of business: Russia, 198096, St. Petersburg, Elevatornaya ploshchadka 28-AC, 

Ugolnaya Gavan 

INN (Tax ID): 7805164692 


State registration 

date of the issue 

(issues): 

Registration number Registration authority 

30.06.2000 1-01-07557-J St. Petersburg regional department of the FCSM of Russia 

Number of securities held by the Issuer: 1,000 

Total face value of securities held by the Issuer: 100,000 USD x 1 

Total balance value of securities held by the Issuer: 853,935,295 

Unit: rub. 

The Issuer of securities is a subsidiary and (or) dependent Company in relation to the Issuer that prepared 

this quarterly report 

In accordance with solution of the sole shareholder part of income over 2011 in the amount of 534,026,000 

rubles was directed for payment of dividends by shares of the Company. Date of payment of dividends is 

defined by resolution of the Assembly but must not exceed 60 days from the day of acceptance of decision on 

payment of dividends. 


Taxation of securities shares 

Full company name of the Issuer: Closed Joint-Stock Company Solikamsk building trust 

Abbreviated company name of the Issuer: CJSC Solikamskstroi 

Issuer's principal place of business: 618547, Russia, Perm Region, Solikamsk, 19 R. Luxembourg 

INN (Tax ID): 5919000870 


State registration 

date of the issue 

Registration number Registration authority 

114

(issues): 

16.06.1999 1-01-01042-К Sverdlovsk regional department of the FCSM of Russia 

Number of securities held by the Issuer: 39,629,905 

Total face value of securities held by the Issuer: 39,629,905 USD x 1 

Total balance value of securities held by the Issuer: 1,363,801,077 

Unit: rub. 

The Issuer of securities is a subsidiary and (or) dependent Company in relation to the Issuer that prepared 

this quarterly report 

The annual General Assembly of Shareholders accepted a decision on payment of dividends by results of the 

year 2011 out of calculation of 0.1 ruble per one common share. Date of payment of dividends is defined by 

resolution of the Assembly but must not exceed 60 days from the day of acceptance of decision on payment of 

dividends. 


Investments into non-issuable securities 

Investments into non-issuable securities amounting to 5 and more per cent of all of the Issuer’s financial 

investments: none. 

Other financial investments 

Object of the financial investment: Object of financial investment - long-term interest loan; full and short 

corporate names - ENTERPRO SERVICES LTD; location - Lampousas, 1, 1095, Nicosia, Cyprus 

Sum of investment: 1,409,261,208 

Unit: rub. 

level of income from the object of financial investment or procedure of its determination, payout time: 

The amount of income from the object of financial investment was determined as 5% of the amount of 

granted loan, the date of repayment of loan when the amount of principal debt and all the amount of 

calculated interest must be paid as well as all the due payments under this contract must be performed is 

10.10.2014. 


The Borrower has the right to repay the amount of debt as per this contract before time any day within the 

terms specified by the contract 

The financial investment is a share in the authorized (joint) capital 

Full trade name of the company with the Issuer’s share in the authorized (joint) capital (unit trust): Limited 

Liability Company Silvinit-Capital 

Abbreviated corporate name: LLC "Silvinit-Capital" 

Location: Russia, 618540, Perm Region, Solikamsk, 14 Mira st. 

INN (Tax ID): 5919011914 



Unit: rub. 

Investment percentage in the authorized (joint) capital (unit trust): 91.66636 


in 2011 as well as over 9 months of 2012 the highest body of management of the Company made no decisions 

115

on distribution of profit 


The financial investment is a share in the authorized (joint) capital 

Full trade name of the company with the Issuer’s share in the authorized (joint) capital (unit trust): Limited 

Liability Company Silvinit-Transport 


Location: Russia, 618540, Perm Region, Solikamsk, 14 Mira st. 

INN (Tax ID): 5919017810 



Unit: rub. 

Investment percentage in the authorized (joint) capital (unit trust): 100 


in 2011 as well as over 9 months of 2012 the highest body of management of the Company made no decisions 

on distribution of profit 


Information on level of potential loss related to bankruptcy of organizations (companies) invested into, by every 

type of the investments below: 

Information about loss is reported according to the Issuer’s estimates on financial investments reflected in the 

Issuer’s financial statements for the period from the beginning of the reporting year to the date of the end of the 

latest reporting quarter 

Accounting standards (requirements) used for the Issuer’s estimates are reflected in the given part of the 

quarterly report: 

- Accounting Regulations "Company’s Accounting Reports" PBU 4/99 approved by Order of Ministry of 

Finance of Russia No. 43н of July 6, 1999 (Revision of Orders of Ministry of Finance of Russia No. 115н of 

September 18, 2006 and No. 142н of November 8, 2010); 

- Accounting Provision "Financial investments Accounting" PBU 19/02 approved by Order of Ministry of 

Finance of Russia No. 126н of December 10, 2002 (Revision of Orders of Ministry of Finance of Russia No. 

116н of September 18, 2006, No. 156н of November 27, 2006, No. 132н of October 25, 2010, No. 144н of 

November 8, 2010). 

- Regulation for Books and Records 'Accounting of assets and liabilities evaluated in foreign currency' (PBU 

3/2006) approved by Order of the RF Ministry of Finance dated November 27, 2006 No. 154н (Revision of 

orders of Ministry of Finance of Russia No. 147н of December 25, 2007, No. 132н of October 25, 2010, No. 

186н of December 24, 2010). 

4.4. The Issuer’s intangible assets 


Unit: rub. 

Intangible assets group name Initial (replacement) cost Accumulated 

appreciation sum 

Patents 59,548.46 26,167.99 

Software 20,094,452.77 11,853,190.12 

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Research and development (RD) expenses 12,491,000 0 

Franchises 35,193,591,033.660004 962,228.81 

Trademarks 1,614,425.6 1,237,350.32 

TOTAL 35,227,850,460.489998 14,078,937.24 

Accounting standards (rules) used by the Issuer to present information about its intangible assets: 

- Accounting Regulations "Intangible Assets Recognition" PBU 14/2007 approved by Order of Ministry of 

Finance of Russia No. 153н of December 27, 2007 (as revised in Order of Ministry of Finance of Russia No. 

132н of October 25, 2010, No. 186н of December 24, 2010). 

Accounting date: 30.09.2012 

4.5. Information about the Issuer’s policy and expenses in the domain of scientific and 

technological development, in relation to licenses and patents, new developments and research 

In the 3 rd quarter of 2012 the Company received no utility patents and no license contracts were executed. 

No risk factors related to potential expiration of patents and trademarks basic for the Issuer are observed. 

4.6. Analysis of the development trends in the domain of the Issuer’s main activity 

Within the latest five completed fiscal years the basic development trends in the economy 

sector where the Issuer undertakes its main activity, as well as the basic factors influencing the state of 

industry are as follows: within the latest five years fertilizer industry has been one of the most steadily 

developing industries of the country’s chemical sector. During this period of time market shares have 

shown no major change. Competitive performance of OJSC Uralkali is due to the high quality of 

production and service, competitive prices and high level of customer support, as well as effective 

logistics of goods delivery. Within the latest five years OJSC Uralkali has demonstrated steady 

development as in industrial, so in financial activity indices. This situation is, first of all, due to such 

factors as world markets demand for potassium products, company’s cost control, introduction of 

innovational engineering solutions and programs saving and optimizing the Issuer’s costs. 

General estimation of the Issuer’s activity in the chemical industry results, assessment of the 

conformity of the Issuer’s activity results with the tendencies of the industry’s development and the 

reasons for the obtained activity results: for the purpose of maintaining the status of one of the world 

leaders in potassium industry the Issuer regularly takes actions to expand production, large-scale 

modernization of the existing production, purchase and introduction of new equipment and 

technologies, CMD automation aids, own fleet of cars renewal. The information is given according to 

the opinions expressed by the Issuer’s management bodies. 

The opinions of the Issuer’s management bodies in relation to the analysis of the development 

trends in the domain of the Issuer’s main activity coincide. 

The members of the Issuer’s Board of Directors , as well as those of its Collegial Executive 

Body have no special opinion on the given analysis of the development trends in the domain of the 

Issuer’s main activity. 

4.6.1. Analysis of the factors and conditions affecting the Issuer’s activity 

The factors and conditions affecting the Issuer’s activity and the results of such activity. Forecast in respect 

of duration of the effect of the mentioned factors and conditions: 

The factors and conditions affecting the Issuer’s activity include, in particular, demand and prices conditions 

for potassium fertilizers on world markets and, on the part of cost increase, inflation index increase, together 

with change in Russian natural monopolies’ service rates. According to the Issuer’s estimates, the effect of 

the given factors will significantly influence the results of activity in the mid-term. Particularly, the present 

117

conditions on final markets are favorable for potassium producers. 

As of the end of the third quarter of 2012 the volume of output of commercial potash chloride amounted 2,555 

thousand tons which is 291 thousand tons less than in the third quarter of 2011. 

Methods applied by the Issuer and methods planned by the Issuer to be applied in future to reduce the 

negative effect of the factors and conditions affecting the Issuer’s activity: 

To reduce the negative effect of the factors and conditions affecting its activity in future the Issuer plans to 

reduce electricity costs, strengthen financial control and introduce cost-saving programs. 

Significant events/factors that may have the most negative effect on the Issuer’s future possibility to obtain 

results as good or better as compared to the results obtained in the latest reporting period, and the probability 

of occurrence of such events (emergence of such factors): 

Significant events/factors that may have the most negative effect on the Issuer’s future possibility to obtain 

good results include possible demand and prices for potassium fertilizers decline, electric power and 

equipment cost increase. The Issuer cannot estimate the probability of emergence of such factors as the given 

events lay beyond the Issuer’s control and are determined by global economy state. 

Significant events/factors that may improve the results of the Issuer's activity and the possibility of their 

emergence, as well as duration of their effect: 

The priority of the Issuer is maintaining stability and raising effectiveness of the company’s work. 

4.6.2. The Issuer’s competitors 

After the reorganization by merging of OJSC Silvinit the Issuer occupies the second position in 

the world in productive capacity. 

The main world competitors of the Issuer are: 

- Potash Corporation of Saskatchewan (PCS), Canada 

- Mosaic, Canada 

- OJSC Belaruskali, Belarus 

- K+S KALI GmbH, Germany 

- ICL Fertilizers, Israel 

The list of competitive factors of the Issuer with the description of the degree of their impact on 

the manufactured product (works, services) competitiveness, in the opinion of the Issuer: 

Competitive factors of the Issuer Degree of impact 

product and service quality high 

product price high 

effective logistics of goods delivery high 

customer support level low 

To have competitive advantage on the market the Issuer continuously improves the logistic 

infrastructure, which can be proved with possessing its own fleet of rail cars and modern specialized 

terminal for transshipment of potash chloride in Saint-Petersburg. Annual productive capacity of 

OJSC Baltic Bulker Terminal (OJSC BBT) amounts 6.2 mln tons of fertilizers, the structure of OJSC 

BBT includes 2 storage rooms with total capacity of 240 thous. tons, as well as 2 mooring berths with 

total length 470 meters. 

To improve the effectiveness of export sales at the end of 2005 OJSC Uralkali and RUE PA 

Belaruskali created CJSC Belarusian Potash Company. 

118

V. Detailed Information about the members of the Issuer’s management 

bodies, of the Issuer’s bodies in control of financial and economic activity, 

and brief information about the Issuer’s personnel (workers) 

5.1. Information about the structure and competence of the Issuer’s management bodies 

Comprehensive description of the structure of the Issuer’s governing bodies and their competence in compliance 

with the Issuer’s Articles of Association (constituent documents): 

The Issuer’s management bodies are as follows: 

- General Meeting of shareholders; 

- Board of Directors; 

- the Management Board (Collegial Executive Body); 

- the General Director (Sole Executive Body). 

In compliance with the Issuer’s Articles of Association the competence of the General Meeting of 

Shareholders include: 

1) introduction of amendments and modifications to the Articles of Association of the Company, or 

approval of new versions of the Articles of Association of the Company unless provided otherwise by the 

Federal Law "On Joint-Stock Companies"; 

2) reorganization of the Company; 

3) liquidation of the Company, appointment of the liquidation commission, and approval of provisional 

and final liquidation balance sheets; 

4) determination of the number of the members of the Board of Directors, election of the members of 

the Board of Directors, and early termination of their powers; 

5) definition of the number, nominal price, category (type) of the announced shares and rights that are 

granted by these shares; 

6) increase of the charter capital of the Company by way of increase of the face value of the shares or 

by way of placing supplement shares in cases stipulated by the Federal Law and the Articles of Association; 

7) decrease of the charter capital of the Company by way of decrease of the face value of the shares, by 

way of purchase by the Company of a part of shares in order to decrease the total number thereof, as well as 

by way of redemption of the shares purchased or repurchased by the Company; 

8) election of the member of the Audit Commission of the Company and the early termination of their 

powers; 

9) approval of the Auditor of the Company; 

10) approval of the annual reports, of the annual financial statements, including the profit and loss 

statements (profit and loss accounts) of the Company, as well as the distribution of profit (including the 

payment (declaration) of dividends, except for the profits distributed as dividends on the basis of the results of 

the first quarter, six months, nine months of the fiscal year) and of losses of the Company on the basis of the 

results of the fiscal year; 

11) 10.1) payment (declaration) of dividends for the first quarter, six months, nine months of fiscal year; 

12) determination of the procedure for holding the General Meeting of Shareholders of the Company; 

13) splitting and consolidation of shares; 

14) making the decisions on the approval of transactions in the cases provided by Article 83 of the 


15) making the decisions on the approval of major transactions in the cases provided by Article 79 of the 


16) purchase of placed shares by the Company in the cases provided by the Federal Law "On Joint-Stock 

Companies"; 

17) making the decisions on participation in financial and industrial groups, associations, and other 

unions of commercial organizations; 

18) approval of internal documents: Regulation on the General Meeting of Shareholders of the 

Company, Regulation on the Board of Directors of the Company, Regulation on the Management Board of 

the Company, Regulation on the Audit Commission of the Company; 

19) making decisions on other matters as provided by the Federal Law "On Joint-Stock Companies". 

In compliance with the Issuer’s Articles of Association the competence of the Board of Directors includes: 

1) Determination of the strategic plans of the Company; 

2) Determination of the priority directions in the activity of the Company; 

3) Approval of the budget of the Company; 

4) Use of the reserve fund of the Company; 

5) Convocation of the annual and extraordinary General Meeting of Shareholders except for the cases 

119

provided by clause 8 of Article 55 of the Federal Law "On Joint-Stock Companies"; 

6) Approval of the agenda of the General Meeting of Shareholders of the Company; 

7) Determination of the date of compilation of the list of persons entitled to participate at the General 

Meeting of Shareholders, and solving of other matters related to the preparation and holding the General 

Meeting of Shareholders of the Company and pertaining to the competence of the Board of Directors of the 

Company in compliance with the provisions of Chapter VII of the Federal Law "On Joint-Stock Companies" 

and the Articles of Association; 

8) Preliminary approval of the annual report of the Company; 

9) Recommendations to the General Meeting of Shareholders on the amount of fees and reimbursement 

paid to the members of the Audit Commission of the Company; 

10) Recommendations to the General Meeting of Shareholders on the procedure of distribution of profits 

and losses of the Company according to the results of fiscal year, recommendations to the General Meeting of 

Shareholders on distribution of profits as dividends according to the results of the first quarter, six months, 

nine months of the fiscal year; 

11) Recommendations to the General Meeting of Shareholders on the amount of the dividend on shares 

of the Company and procedure for its paying; 

12) Election of the Chairman of the Board of Directors of the Company and his deputies; 

13) Determination of the quantitative an personal staff of the Management Board of the Company; 

14) Appointment of the General Director and early termination of his powers. Approval of the conditions 

of the contract concluded by the General Director of the Company; 

15) determination of the targets and directions of activity of the General Director, control over 

performance of his obligations and use of the granted rights by the General Director, and over exercising of 

other powers of the employer in respect to the General Director; 

16) Confirmation of appointment of the persons specified in clause 14.3 of the Articles of Association; 

17) Increase of the charter capital of the Company by way of supplement shares placement by the 

Company within the number of the number and categories (types) of the declared shares in cases provided in 

clause 2.9. of the Articles of Association; 

18) placement of bonds and other securities by the Company; 

19) approval of the decision on the issue of securities and of the securities prospectus, report on the 

results of securities issue, introduction of changes and modifications; 

20) purchase of the shares, bonds, and other issuable securities placed by the Company in the cases 

provided by the Federal Law "On Joint-Stock Companies"; 

21) approval of the report on the results of purchase of shares in compliance with clause 1 of article 72 

of the Federal Law "On Joint-Stock Companies"; 

22) Making decisions on carve-out of the placed shares of the Company at disposal of the Company; 

23) incorporation and liquidation of subsidiaries, opening and liquidation of representations of the 

Company, approval of regulations on subsidiaries and representations, approval of estimated expenses of the 

subsidiaries and representations of the Company; 

24) approval of major transactions in the cases provided by chapter X of the Federal Law "On Joint- 

Stock Companies"; 

25) approval of major transactions in the cases provided by chapter XI of the Federal Law "On Joint- 

Stock Companies"; 

26) making the decision on incorporation (creation) of commercial and non-commercial organizations 

and liquidation thereof; 

27) making the decision on acquisition, carving-out of the shares (stakes, interests) in the authorized 

(joint-stock) capital of commercial organizations, on joining non-commercial organizations and on 

termination of participation in non-commercial organizations; 

28) approval of the representatives of the Company as candidates to the governing and controlling bodies 

of organizations of which the Company is the shareholder (member); 

29) consent to taking positions in other organizations by the General Director of the Company and 

members of the Management Board; 

30) creation of committees of the Board of Directors , approval of regulations on the committees of the 

Board of Directors; 

31) approval of Regulation on the organizational structure of the Company; 

32) introduction to the Articles of the Association of the Company of the changes related to the increase 

of the charter capital of the Company based on the decision on the increase of the charter capital by way of 

placing supplement shares; introduction of modifications and amendments related to incorporation and 

liquidation of representations of the Company; 

33) determination of the price (monetary value) of the property (services), the price of placing and 

repurchasing of the issuable securities in the cases provided by the Federal Law "On Joint-Stock 

Companies"; 

34) determination of the amount of remuneration of the auditor’s services; 

35) approval of the Company’s registrar, of the terms of the agreement with the registrar, as well as the 

120

termination of the agreement with the registrar; 

36) approval of internal documents of the Company: Regulation on the dividend policy of the Company, 

Regulation on the organizational structure of the Company, Code of Corporate Governance of the Company, 

policy of participation of the Company in other organizations, and other internal documents determining the 

policy of the Company in its activity; 

37) appointment of the secretary of the Board of Directors, determination of the amount and procedure 

of paying his remuneration; 

38) approval of the summary (consolidated) accounts compiled in compliance with International 

standards of financial reporting; 

39) determination of the basic risks related to the Company’s activity and approval of the risk 

management system in the Company; 

40) approval of a corporate secretary an termination of his powers; 

41) other matters provided by the Federal Law "On Joint-Stock Companies" and the Articles of 

Association. 

The competence of the Sole and Collegial Executive Bodies of the Issuer in compliance with the Issuer’s 

Article of Association: 

The competence of the Management Board (Collegial Executive Body) of the Issuer: 

1) Development of short-term targets of the Company’s activity; 

2) Preliminary approval of the budget of the Company and submitting it for consideration of the Board 

of Directors of the Company; 

3) Recommendations to the Board of Directors on participation of the Company in other organizations; 

4) Making decisions on manufacturing the Company's seals; 

5) Approval of terms of collective agreement by the Company and submitting it to the General Director 

of the Company to be signed; 

6) Confirmation of appointment of the persons, specified in clause 14.3 of the Articles of Association; 

7) Exercise of control over the Company's budget administration; 

8) Exercise of control over activity of separate subdivisions, structural subdivisions of the Company; 

9) Exercise of control over conclusion and executing the civil law contracts; 

10) Approval of internal documents: Regulation on the Commercial Secret of the Company, Internal 

Code of Labor Conduct; 

11) Appointment of the Secretary of the Management Board, determination of the amount and procedure 

of paying his remuneration; 

12) Solving of other matters submitted for consideration of the Management Board by the General 

Director of the Company. 

The competence of the General Director (Sole Executive Body) in accordance with the Charter of the Issuer 

shall be as follows: 

1) Making transactions on behalf of the Company. Transactions that require approval by the General 

Meeting of Shareholders or the Board of Directors of the Company or any other decision of these authorities 

for its performance in compliance with the Federal Law "On Joint-Stock Companies" or the Articles of 

Association shall be executed by the General Director of the Company after such approval or decision; 

2) Realizes confirmation of the staff; 

3) Issues orders (regulations) and instructions obligatory for all employees of the Company; 

4) Conclusion of a collective agreement on behalf of the Company with the employees of the Company 

on the terms approved by the Management Board of Directors; 

5) Conclusion of labor contracts with the Company's employees, administering the incentives and 

imposing the disciplinary sanctions; 

6) Appointment of the managers of subsidiaries and representations; 

7) Issue of the powers of attorney; 

8) Delegation of his powers: Appointment of the acting General Director or an authorized person for 

solving the specified number of issues. The grounds for appointing the acting General Director may only be 

vacation, business trip, temporary incapacity; 

9) Approval of the internal documents of the Company except for the document classified in accordance 

with the Federal law "On Joint-Stock Companies" and the current Articles of Association as belonging to the 

competence of the General Meeting of Shareholders, the Board of Directors and the Management Board; 

10) Making decisions on other matters not classified as belonging to the exceptional competence of the 

General Meeting of Shareholders, Board of Directors and the Management Board of the Company according 

to the legislation and this Charter. 

The Issuer has approved (accepted) the code of corporate conduct or any other similar document 

The information on the code of corporate conduct or similar document: 

The code of corporate conduct of OJSC Uralkali is approved by the decision of the Board of Directors of the 

121

Company (Minutes No. 247 dated 21.02.2011). 

Web-site address with full text of the documents in free access: http://www.uralkali.com/; http://www.edisclosure.ru/portal/company.aspx?id=1233 

Within the last reporting period the Issuer’s Articles of Association (constituent documents) or the internal 

documents governing the activity of the Issuer’s bodies were modified 

Information on the changes introduced to the Articles of Association of the Issuer as well into the internal 

documents governing the activity of the Issuer’s bodies within the last reporting period: 

During the reporting quarter changes were entered into the internal documents regulating operation of bodies 

of the Issuer. 

• In the Charter of the Company. The changes were entered on the basis of decision of the extraordinary 

general meeting of shareholders of OJSC Uralkali (minutes No. 32 dated 17.04.2012) and Report on results 

of redemption of common shares of OJSC Uralkali approved by the Board of Directors of OJSC Uralkali 

(minutes No. 268 dated 23.07.2012). 

Web-site address with full texts of most recent revisions of the Issuer’s Articles of Association and internal 

documents governing the activity of the Issuer’s bodies in free access: http://www.uralkali.com/; 

http://www.e-disclosure.ru/portal/company.aspx?id=1233 

5.2. Information about the members of the Issuer's management bodies 

5.2.1. Composition of the Board of Directors (Supervisory Board) of the Issuer 

Name and surname: Voloshin Alexander Stalyevich 

(Chairman) 

Year of birth: 1956 

Education: 

higher 

Educational institution – Moscow Institute of Transport Engineers 

Specialization – railway transport electrification 

Educational institution – All Union academy of Foreign Trade 

Specialization – foreign trade economist 

All positions held by this person in the Issuer’s organization and in other organizations for the last 5 years and 

presently, in chronological order, including part-time offices: 

Period Organization name Position 

from till 

1999 2008 Russian Open Joint-Stock Company for Energy 

and Electrification UES of Russia 

2005 2008 Open Joint-Stock Company Federal Grid 

Company of UES 

2005 2008 Open Joint-Stock Company System Operator – 

Centralized Dispatching Administration of 

UES 

Chairman of the Board of 

Directors 

Member of the Board of 

Directors 


Directors 

2008 2008 Open Joint-Stock Company IDGC Holding Member of the Board of 

Directors 

2008 2008 Open Joint-Stock Company RAO Energy 

Systems of East 

2008 2010 Open Joint-Stock Company MMC Norilsk 

Nickel 

2011 June 2011 Open Joint-Stock Company MMC Norilsk 

Nickel 

June 2011 Present time Open Joint-Stock Company MMC Norilsk 

Nickel 


Directors 


Directors 


Directors 


Directors 

2010 Present time Moscow School of Political Studies Co-chairman of the Board of 

122

Directors 

2010 Present time EastWest Institute Member of the Board of 

Directors 

2010 Present time Yandex N.V. Member of the Board of 

Directors 

2010 Present time OJSC Uralkali Chairman of the Board of 

Directors 

2010 present time Open Joint-Stock Company AZ Chairman of the Board of 

Directors 

2011 present time LLC "Blockpost" Chairman of the Board of 

Directors 

2012 present time OJSC "Pervaya Gruzovay Kompaniya" Chairman of the Board of 

Directors 

The person does not have any shares of participation in the charter capital of the Issuer/common shares 

Participation shares of this person in the authorized (share) capital (unit fund) of the Issuer’s subsidiaries and 

affiliates 

The person does not have any of the above-mentioned shares 

Information about the nature of any kinship with other members of the Issuer’s management bodies and/or of 

bodies in control of the Issuer’s financial and economic activity: 

The person has no kinship relations to the above-mentioned persons 

Information about bringing of this person to administrative liability for law infringements in the domain of 

finances, taxes and dues, securities market, or to penal liability (convictions) for crimes in the economic domain 

or crimes against the state power: 

The person has not been brought to the above-mentioned liability 

Information about holding by this person of offices in the management bodies of commercial organizations 

during the period when such organizations were subjects of cases of bankruptcy and/or when bankruptcy 

procedures were initiated against such organizations as provided by insolvency (bankruptcy) laws of the Russian 

Federation: 

The person has not held the above-mentioned offices 

Name and surname: Averin Anton Borisovich 


Education: 

higher 

Educational institution - Moscow state university in the name of M.V. Lomonosov 

Specialization – mathematics 

Educational institution – International University (Moscow) 

Specialization – management 




from till 

2005 2008 LLC Nafta-Moscow Director of the investments 

department 

2008 2011 Representation office of the Limited Liability 

Company NAFTA MOSKVA (CYPRUS) 

LIMITED (Republic of Cyprus), Moscow 

Managing Director 

2011 2011 OJSC PIK Group Member of the Board of 

Directors 

123

2010 2011 OJSC Uralkali Member of the Board of 

Directors 

2012 present time OJSC Uralkali Member of the Board of 

Directors 



affiliates 












Federation: 


Name and surname: Mosionzhik Alexander Ilyich 


Education: 

higher 

Educational institution – Tula Polytechnic Institute 

Specialization – applied mathematics, Doctor of Science 




from till 

2005 2008 OJSC Polymetal Chairman of the Board of 

Directors 

2006 Present time Representation office of the Limited Liability 




Directors 

2009 2011 OJSC Polyus Gold Member of the Board of 

Directors , Deputy Chairman 

of the Board of Directors 

2009 2011 OJSC PIK Group Member of the Board of 

Directors 

2010 Present time OJSC Uralkali Member of the Board of 

Directors 

2012 Present time OJSC Uralkali Deputy Chairman of the Board 

of Directors 

2010 2012 OJSC JSCB International Financial Club Member of the Board of 

Directors 

2010 2011 CJSC Belarusian Potash Company Chairman of the Supervisory 

Board 

124

2011 2011 KazakhGold Group Limited Member of the Board of 

Directors 

2011 present time Polyus Gold International Limited Member of the Board of 

Directors 



affiliates 












Federation: 


Name and surname: Malakh Alexander Efimovich 


Education: 

higher 

Educational institution – Kazan State University 

Specialization – applied mathematics 

Educational institution – New York State University 

degree – Master of Computational Mechanichs 

Educational institution – Wharton business school, the University of Pennsylvania 

degree – MBA 




from till 

2006 2007 "Kronverk Cinema" Member of the Board of 

Directors 

2006 2007 "Avianova" airlines Member of the Board of 

Directors 

2006 2007 Pivoindustria Primorya Member of the Board of 

Directors 

2004 2007 LLC Alfa-Eko M Director on assets management 

2007 2010 The group of companies ROSVODOKANAL General Director 

2010 Present time OJSC FESCO Member of the Board of 

Directors 

2010 Present time CJSC IST Deputy General Director 


Directors 

125



affiliates 












Federation: 


Name and surname: Kolonchina Anna Alekseevna 


Education: 

higher 

Educational institution – Financial University under the Government of the Russian Federation 

Specialization – financial accounting and audit 




from till 

2001 2008 Deutshe Bank AG, London Director 

2008 2008 Wainbridge Limited Managing Director 

2008 2010 OJSC PIK Group Vice President for economy 

and finance 

2010 2011 OJSC Polyus Gold Member of the Board of 

Directors 

2010 Present time OJSC PIK Group Member of the Board of 

Directors 

2010 Present time Representation office of the Limited Liability 



Managing Director 


Directors 

2010 2012 OJSC JSCB International Financial Club Member of the Board of 

Directors 

2010 2011 CJSC Belarusian Potash Company member of the Supervisory 

Board 

2011 2011 KazakhGold Group Limited Member of the Board of 

Directors 

2011 Present time Polyus Gold International Limited Member of the Board of 

Directors 

126



affiliates 












Federation: 


Name and surname: Sage Gordon Holden 


Education: 

higher 

Educational institution – Imperial College London 

Specialization – Chemical engineering 




from till 

2003 2010 Balfour Beatty Pls Non-executive director 

2002 2012 Blackrock World Mining Trust Plc Leading independent director 


Directors 



affiliates 












Federation: 

127


Name and surname: Baumgertner Vladislav Arturovich 


Education: 

higher 

Educational institution – Ural State Technical University 

Specialization, qualification – Electric power stations, Electrical engineer 

Educational institution – Kingston Business School 

Qualification – МВА 

Educational institution – London University 

Qualification – MSc in financial management 




from till 

2004 2008 OJSC Uralkali President 


Directors 

2005 2009 CJSC Permgeologodobycha Member of the Board of 

Directors 

2005 2010 OJSC Uralkali General Director, Chairman of 

the Management Board 

2005 Present time CJSC Belarusian Potash Company member of the Supervisory 

Board 

2006 2011 OJSC Silvinit Member of the Board of 

Directors 

2010 2010 LLC SMT BSHSU Member of the Board of 

Directors 

2010 2011 OJSC Silvinit General Director, Chairman of 


2011 Present time OJSC Uralkali General Director, Chairman of 

the Management Board, 

member of Board of directors 

2011 Present time OJSC Galurgy Member of the Board of 

Directors 

2011 Present time CJSC Solikamsk Building Trust Member of the Board of 

Directors 

2011 Present time CJSC VNII of Galurgy Member of the Board of 

Directors 

2011 Present time OJSC Baltic Bulk Terminal Chairman of the Board of 

Directors 

2011 Present time LLC SMT BSHSU Member of the Board of 

Directors 

2011 2012 LLC Satellite-Service Member of the Board of 

Directors 

2012 Present time LLC Uralkali-Remont Member of the Board of 

Directors 

2011 Present time CJSC Belarusian Potash Company Chairman of the Supervisory 

Board 


128


affiliates 












Federation: 


Name and surname: Sir Robert John Margetts 


Education: 

higher 

Educational institution – Cambridge University 

Specialization – Chemical engineer 

Educational institution – University of Sheffield 

Academic degree – honorable doctor of engineering 

Educational institution – Cranfield University 

Academic degree – honorable Doctor of Science 




from till 

1998 2010 Anglo American Plc Member of the Board of 

Directors 

2003 2008 Anglo American Plc Senior independent nonexecutive 

director 

2000 2010 Legal&General Group Plc Chairman of the Board of 

Directors 

2007 2010 Falck Renewables Plc Member of the Board of 

Directors 

2008 2010 Neochimiki SA Member of the Board of 

Directors 

2000 Present time Huntsman Corporation Member of the Board of 

Directors 

2000 Present time Foundation for Science and Technology Member of the Board of 

Directors 

2002 Present time Brain Research Trust Member of the Board of 

Directors 

2006 Present time Ensus Limited Chairman of the Board of 

Directors 

2007 Present time Energy Technology Institute Chairman of the Board of 

Directors 

2008 Present time Ordnance Survey Chairman of the Board of 

Directors 

2010 2011 Wellstream Plc member of the Board of 

Directors, 

129

2011 Present time OJSC Uralkali member of the Board of 

Directors , Deputy Chairman 

of the Board of Directors 



affiliates 












Federation: 


Name and surname: Paul James Ostling 


Education: 

higher 

Educational institution – Fordham University 

Specialization – Juris Doctor Cum Laude 




from till 

1995 2007 Ernst&Young Global Member of the global 

Executive Board 

2003 2007 Ernst&Young Global Global Operations Director 

2001 Present time Business Council for International 

Understanding 


Understanding 

2007 2010 Business Council for International 

Understanding 


Understanding 

member of the Board of 

Directors of the Business 

Council for International 

Understanding 

member of the Executive 

Committee 



Council 

Vice Chairman of the Board of 


Council 

2002 2008 United Services Organization Chairman of the Audit 

Committee 

2006 Present time Imagine Entertainment Music Chairman of the Board of 

Directors 

2007 Present time Cool NRG, Pty, Ltd Vice Chairman of the Board of 

130

Directors 

2007 Present time Boyscouts of America Transatlantic Council Member of the Board of 

Directors 

2007 2009 OJSC Kungur – Oilfield equipment and 

services 

General Director 

2010 2011 OJSC Kungur – Oilfield equipment and 

services 


Directors 

2008 2011 OJSC Promsvyazbank Member of the Board of 

Directors 

2008 2011 Uralchem Holding P.L.C. Member of the Board of 

Directors 

2010 Present time Innolurme GMBH Member of the Board of 

Directors 

2007 Present time OJSC "Mobile TeleSystems" Member of the Board of 

Directors 

2011 2012 Domodedovo (DME Ltd) Member of the Board of 

Directors 


Directors 

2012 Present time Brunswick Rail Limited Chairman of the Board of 

Directors 



affiliates 












Federation: 


5.2.2. Information about the Sole Executive Body of the Issuer 



Education: 

Higher 




131







from till 



Directors 

2005 2009 CJSC Permgeologodobycha Member of the Board of 

Directors 

2005 2010 OJSC Uralkali General Director, Chairman of 


2005 Present time CJSC Belarusian Potash Company member of the Supervisory 

Board 

2006 2011 OJSC Silvinit Member of the Board of 

Directors 

2010 2010 LLC SMT BSHSU Member of the Board of 

Directors 

2010 2011 OJSC Silvinit General Director, Chairman of 


2011 Present time OJSC Uralkali General Director, Chairman of 

the Management Board, 

member of Board of directors 

2011 Present time OJSC Galurgy Member of the Board of 

Directors 

2011 Present time CJSC Solikamsk Building Trust Member of the Board of 

Directors 

2011 Present time CJSC VNII of Galurgy Member of the Board of 

Directors 

2011 Present time OJSC Baltic Bulk Terminal Chairman of the Board of 

Directors 


Directors 

2011 2012 LLC Satellite-Service Member of the Board of 

Directors 


Directors 

2011 Present time CJSC Belarusian Potash Company Chairman of the Supervisory 

Board 



affiliates 






132







Federation: 


5.2.3. Composition of the Collegial Executive Body of the Issuer 


(Chairman) 


Education: 

higher 










from till 


2004 2010 OJSC Uralkali Member of the Board of Directors 

2005 2009 CJSC Permgeologodobycha Member of the Board of Directors 

2005 2010 OJSC Uralkali General Director, Chairman of the 

Management Board 

2005 Present time CJSC Belarusian Potash Company member of the Supervisory Board 

2006 2011 OJSC Silvinit Member of the Board of Directors 

2010 2010 LLC SMT BSHSU Member of the Board of Directors 

2010 2011 OJSC Silvinit General Director, Chairman of the 

Management Board 

2011 Present time OJSC Uralkali General Director, Chairman of the 

Management Board, member of Board 

of directors 

2011 Present time OJSC Galurgy Member of the Board of Directors 

2011 Present time CJSC Solikamsk Building Trust Member of the Board of Directors 

2011 Present time CJSC VNII of Galurgy Member of the Board of Directors 

2011 Present time OJSC Baltic Bulk Terminal Chairman of the Board of Directors 

2011 Present time LLC SMT BSHSU Member of the Board of Directors 

2011 2012 LLC Satellite-Service Member of the Board of Directors 

2012 Present time LLC Uralkali-Remont Member of the Board of Directors 

2011 Present time CJSC Belarusian Potash Company Chairman of the Supervisory Board 


133


affiliates 












Federation: 


Name and surname: Babinskiy Alexander Yuryevich 


Education: 

higher 

Educational institution – Moscow state university in the name of M.V. Lomonosov 

Specialization, qualification – international journalist 




from till 

2006 2011 Russian International News Agency Deputy Head and Editor-in- 

Chief 

2011 Present time OJSC Uralkali Head of Public Relations 

2011 Present time LLC Media-Sphere Chairman of the Board of 

Directors 



affiliates 












134

Federation: 


Name and surname: Bezzubov Vladimir Alexandrovich 


Education: 

higher 

Educational institution – Moscow State Technical University n.a. N.E. Bauman 

Specialization, qualification – Economist Manager, Economics and Enterprise Management 




from till 

2004 2007 OJSC SUEK Head of Strategic Planning 

2007 2010 OJSC SUEK Head of Procurement, Works 

and Services 

2010 2011 OJSC Silvinit Deputy General Director for 

Procurement 

2011 Present time OJSC Uralkali Director for Procurement 


Directors 


Directors 

2011 Present time LLC Tsentr Avtomatizatsii i Izmereniy Chairman, Member of the 

Board of Directors 

2012 Present time OJSC KMZ Member of the Board of 

Directors 

2012 2012 LLC ME Kurs Member of the Board of 

Directors 



affiliates 












Federation: 


135

Name and surname: Belyakov Viktor Nikolayevich 


Education: 

higher 

Educational institution - Tver State Technical University 

Specialization, qualification - automated systems for processing information and management, technical 

systems engineer 

Specialization, qualification - information systems in economics, economist 


Qualifications – MBA 

Has a diploma of СМА (Certified Management Accountant) 




from till 

2006 2007 OJSC Uralkali Vice President for economy and 

finance 


finance 

2007 Present time LLC Avtotranskali Chairman, Member of the Board of 

Directors 

2007 Present time LLC SMT BSHSU Member of the Board of Directors 

2007 Present time LLC Sheriff-Berezniki Security Agency Member of the Board of Directors 

2007 Present time LLC Sheriff-Bezopasnost Security 

Agency 

Member of the Board of Directors 

2007 Present time LLC Vagonnoje Depo Balakhontsy Member of the Board of Directors 

2007 Present time CJSC Novaya nedvizhimost (New realty) Member of the Board of Directors 

2007 2010 CJSC Kama-Oil Member of the Board of Directors 

2007 2010 LLC Depo member of the Board of Directors , 

Deputy Chairman of the Board of 

Directors 

2008 2010 OJSC Uralkali Deputy General Director, Director 

for Economy and Finance 

2008 2012 LLC Polyclinic Uralkali-med member of the Board of Directors , 

Deputy Chairman of the Board of 

Directors 

2008 Present time LLC Satellite-Service Member of the Board of Directors 

2010 Present time CJSC Uralkali-Technology Member of the Board of Directors 



finance 


2010 2012 OJSC Solikamsk Magnesium Plant Member of the Board of Directors 

2011 2011 LLC Solikamskavto Member of the Board of Directors 

2011 present time CJSC Registrar Intraco Member of the Board of Directors 

2011 2012 OJSC Kamsk Mining Company Member of the Board of Directors 

2011 present time OJSC Uralkali Vice President for economy and 

finance 


2011 Present time LLC Tsentr Avtomatizatsii i Izmereniy Member of the Board of Directors 

2011 Present time LLC En-Resurs Chairman of the Board of Directors 

136

2012 Present time OJSC Baltic Bulk Terminal Member of the Board of Directors 

2012 Present time JSC JSCB ECOPROMBANK Member of the Board of Directors 



affiliates 












Federation: 


Name and surname: Serebrennikov Boris Vladimirovich 


Education: 

higher 

Perm Polytechnical Institute (mining engineer - electrician) 

Electrification and automation of mining works 




from till 

1999 2008 OJSC Silvinit SKRU-1 leading engineer 

2008 2011 OJSC Silvinit SKRU-1 Director 

2011 2012 OJSC Uralkali SKRU-1 leading engineer 

2012 Present time OJSC Uralkali Chief Operations Officer 





affiliates 




137









Federation: 


Name and surname: Kotlyar Evgeniy Konstantinovich 


Education: 

higher 

Educational institution – Perm Polytechnical Institute 

Specialization, qualification - Mining engineer 




from till 


Operations 

2005 2010 LLC LGOK Chairman of the Board of Directors 

2005 2009 LLC Kurs Member of the Board of Directors 

2005 2009 CJSC VNIIG Member of the Board of Directors 

2005 2008 LLC Mineral Trading Member of the Board of Directors 

2007 2010 LLC Mineral Group Technical Director, acting General 

Director 

2008 2012 OJSC Galurgy Chairman, Member of the Board of 

Directors 

2008 2012 OJSC Solikamsk Magnesium Plant Member of the Board of Directors 


Operations 

2011 2011 LLC Solikamskavto Chairman of the Board of Directors 

2011 Present time OJSC KMZ Member of the Board of Directors 

2011 2012 LLC Mineral Trading Member of the Board of Directors 

2011 2012 OJSC Uralkali Chief Operations Officer 



2012 Present time LLC Vodokanal Member of the Board of Directors 



2012 Present time LLC En-Resurs Member of the Board of Directors 

2012 Present time OJSC Uralkali Chief engineer 


2007 2012 LLC ME Kurs Member of the Board of Directors 

138

The entity’s share in the charter capital of the Issuer, % 0.0017 

Fraction of the Issuer’s ordinary shares held by the entity, %: 0.0017 


affiliates 












Federation: 


Name and surname: Motovilov Andrey Vladimirovich 


Education: 

higher 

Educational institution - Sverdlovsk Mining Institute 

Specialization, qualification - construction of underground structures and shafts 

Educational institution - Perm State University 

Specialization, qualification – management 




from till 

2006 2009 Berezniki city administration Head of city administration 

2009 2010 Representation office of the Perm Region in the 

Government of Russian Federation 

Deputy Head of the 

Representation office 

2010 2011 OJSC Uralkali Senior Vice President for 

relations with public 

authorities 

2011 Present time OJSC Uralkali Head of relations with public 

authorities 

2011 Present time OJSC Baltic Bulk Terminal Member of the Board of 

Directors 



affiliates 

139












Federation: 


Name and surname: Petrov Oleg Borisovich 


Education: 

higher 

Educational institution – Military Red Banner Institute 

Specialization, qualification – foreign language (English, Portuguese) 

Educational institution – Russian economic academy named after G.V. Plekhanov, Moscow 

Specialization, qualification – Economist for specialization "Finances and credit" 




from till 

2005 2011 CJSC Belarusian Potash Company First Deputy General Director 


2010 2011 OJSC Uralkali Vice president for Sales and 

Marketing 

2011 Present time OJSC Uralkali Director of Sales and Marketing 



affiliates 












Federation: 

140


Name and surname: Samsonova Elena Yuryevna 


Education: 

higher 

Educational institution – Perm State University 

Specialization, qualification - Philology. English language. Philologist, translator, teacher of English 

language and literature 

Educational institution – Durham Business School (Great Britain) 

Qualification– Master of management 




from till 

2004 2010 OJSC Uralkali HR Director 

2008 2012 LLC Polyclinic Uralkali-med Member of the Board of 

Directors 

2008 Present time LLC Satellite-Service Member of the Board of 

Directors 

2010 2011 OJSC Uralkali Vice President for Human 

Resources 

2010 Present time LLC Avtotranskali Member of the Board of 

Directors 

2010 Present time CJSC Uralkali-Technology Member of the Board of 

Directors 

2011 Present time LLC Construction and Installation Group 

Berezniki Mine Construction Office 


Directors 

2011 2011 LLC Solikamskavto Member of the Board of 

Directors 

2011 2011 LLC Stroymarket Member of the Board of 

Directors 

2011 present time LLC Uralkali-Remont Member of the Board of 

Directors 

2011 present time LLC Tsentr Avtomatizatsii i Izmereniy Member of the Board of 

Directors 

2011 present time LLC En-Resurs Member of the Board of 

Directors 

2011 Present time OJSC Uralkali HR Director 



affiliates 






141







Federation: 


Name and surname: Seleznev Stanislav Sergeevich 


Education: 

higher 

Educational institution – Naval Institute of Engineers named after Lenin 

Specialization, qualification – Chemical Engineer 




from till 

2007 2010 LLC Lafarge Cement HSE Director 

2010 present time LLC SAG General Director 

2010 present time OJSC Uralkali HSE Director 

2012 present time CJSC Uralkali-Technology Chairman of the Board of 

Directors 



affiliates 












Federation: 


Name and surname: Sabirov Ildar Rizaevich 


Education: 

higher 

142

Educational institution - Bashkir agricultural institute 

Specialization - Agricultural mechanization 

Qualification – Mechanical engineer 




from till 

2005 2007 "Partner" Center LLC Director for security 

2007 2009 "MC Mechel" LLC Director for security 

2009 2009 OAO Mechel Deputy Director of economic 

security department 

2009 2010 "Ufaneftekhim" OJSC Head of economic security 

department, head of directorate 

2010 2011 OJSC Uralkali Deputy General Director for Security 

2011 2012 OJSC Uralkali Head of economic security 

department 

2012 Present time OJSC Uralkali Director for security 



affiliates 












Federation: 


Name and surname: Shvetsova Marina Vladimirovna 


Education: 

higher 

Educational institution – Perm State University n.a. A.M. Gorky 

Specialization, qualification – Law, Lawyer 




from till 

2002 2007 Regional interdepartmental center for 

continuing education in the Perm State 

Senior Lecturer 

143

Technical University 

2005 2006 OJSC Uralkali Head of legal department 

2005 Present time OJSC Uralkali member of the Management Board 

2005 Present time LLC Avtotranskali Member of the Board of Directors 

2006 Present time OJSC Uralkali Legal and Corporate Director 

2007 Present time LLC Vagonnoje Depo Balakhontsy Member of the Board of Directors 

2007 Present time LLC Construction and Installation Group 

Berezniki Mine Construction Office 

Member of the Board of Directors 

2007 Present time CJSC Novaya nedvizhimost Member of the Board of Directors 

2007 2010 LLC Depo Member of the Board of Directors 

2008 2010 LLC Polyclinic Uralkali-med Member of the Board of Directors 

2008 Present time LLC Satellite-Service Member of the Board of Directors 

2010 Present time CJSC Uralkali-Technology Member of the Board of Directors 


2011 2012 OJSC Solikamsk Magnesium Plant member of the Board of Directors 

2011 Present time CJSC VNII of Galurgy Member of the Board of Directors 


2011 2011 LLC Solikamskavto Member of the Board of Directors 

2011 2011 LLC Stroymarket Member of the Board of Directors 


2011 Present time CJSC Registrator Intraco Member of the Board of Directors 



2011 Present time LLC En-Resurs Member of the Board of Directors 

2011 2012 CJSC SP Kama General Director 




affiliates 












Federation: 


144

5.3. Information about the amount of remuneration, benefits and/or expenses compensation 

related to each management body of the Issuer 

Information about the amount of remuneration related to each of the management bodies (except for the physical 

person performing the functions of a sole executive body of the Issuer). It contains all types of remuneration, 

including wages, bonuses, commission fees, benefits and (or) compensation of expenses as well as other 

property nominations: 

Board of Directors 

Unit: rub. 

Indicator designation 2012, 9 

months 

Remuneration for participation in the work of the management body 54,558,052 

Salaries 

Bonuses 

Commission fees 

Benefits 

Reimbursement of expenses 1,907,898 

Other types of remuneration 

TOTAL 56,465,950 

Information about the existing agreements upon such payments in the current fiscal year: 

1. The members of the Board of Directors of OJSC Uralkali according to Regulation "On remuneration and 

compensations paid to the members of the Board of Directors of Open Joint-Stock Company Uralkali 

approved by the General Meeting of Shareholders held on February 4, 2011 (minutes No. 29 as of 

07.02.2011) and Alterations to this Regulation which were also approved by the General Meetings of 

Shareholders of the Issuer on June 29, 2011 (minutes No. 30 as of 29.06.2011), April 16, 2012 (minutes No. 

32 as of 17.04.2012), June 07, 2012 (minutes No. 33 as of 07.06.2012) for performing their obligations shall 

be paid remuneration and compensations. 

2. The annual base remuneration shall make the sum equal to 200,000 (two hundred thousand) US dollars. 

3. Additional remuneration is paid for the following additional obligations: 

- for participation in the activity of any committee of the Board of Directors. The amount of this 

annual remuneration shall make the sum equal to 25,000 (twenty five thousand) US dollars; 

- for work in the capacity of the Chairman of any committee of the Board of Directors. The amount of 

this annual remuneration shall make the sum equal to 25,000 (twenty five thousand) US dollars; 

- for work in the capacity of the Deputy Chairman of the Board of Directors. The amount of this 

annual remuneration shall make the sum equal to 125,000 (one hundred and twenty five thousand) US 

dollars. 

4. In case of performing several additional obligations by an independent member of the Board of Directors 

additional remuneration for performing of each additional obligation shall be summed up. 

5. The member of the Board of Directors who is entitled to remuneration shall have the right to refuse from 

remuneration payment by means of submitting a written application in the name of the Chairman of the 

Board of Directors. 

6. Base remuneration, remuneration for performing additional obligations and annual remuneration are 

paid, respectively, to members of the Board of Directors and Chairman of the Board of Directors on a 

monthly basis in equal portions, not later than 15 days after the month following the month for which 

remuneration is paid. Base remuneration, additional remuneration and annual remuneration are paid, 

respectively, to members of the Board of Directors and Chairman of the Board of Directors during the period 

of exercise of their powers, i.e.: from the date of election to the Board of Directors to the date of termination 

145

of powers of member of the Board of Directors. 

However: 

- in cases where election to the Board of Directors falls on a day before the 15t h (fifteenth) day of the month 

inclusively, base, additional and annual remunerations are paid for the full month. 

- in cases where termination of powers of a member of the Board of Directors falls on a day before the 

15th (fifteenth) day of the month inclusively, base, additional and annual remunerations for respective 

calendar month are not paid; 

- in cases where election to the Board of Directors falls on a day after the 15 th (fifteenth) day of the 

month inclusively, base, additional and annual remunerations for respective calendar month are not paid; 

- in cases where termination of powers of a member of the Board of Directors falls on a day after the 

15 th (fifteenth) day of the month inclusively, base, additional and annual remunerations are paid for the full 

month. 

7. The annual remuneration for the Chairman of the Board of Directors (hereafter – the annual 

remuneration) amounts to 1,000,000 (one million) US dollars. Conditions of the base remuneration for 

independent members of the Board of Directors are not applied to remuneration paid to the Chairman of the 

Board of Directors. In case of the Chairman of the Board of Directors performs additional duties, he is paid 

corresponding additional remuneration foreseen by the Regulation for performance of additional obligations. 

8. All the members of the Board of Directors have the right to receive compensations foreseen by the 

Regulation. According to Regulation the expenses of members of the Board of Directors are compensated, in 

particular, the expenses on travel to the place of holding the meeting of the Board of Direction and back, 

accommodation expenses, and expenses not related to participation in the meetings but connected with the 

Company’s activity by the actual incurred charges within reasonable limits. Compensation of expenses shall 

be performed on the basis of the documents confirming the expenses within 5-day period from the moment of 

submitting such documents to the accounting department of the Company. 

Collective executive body 

Unit: rub. 


months 

Remuneration for participation in the work of the management body 

Salaries 169,952,481 

Bonuses 94,314,195 


Benefits 

Reimbursement of expenses 1,494,525 

Other types of remuneration 214,432 

TOTAL 265,975,633 


Members of the Board receive profits as staff employees of OJSC Uralkali on the basis of concluded labor 

contracts. No additional remuneration for participation in operation of the Management Board is paid. 

5.4. Information about the structure and competence of the bodies in control of the Issuer's 

financial and economic activity 

Detailed description of the structure of the bodies in control of the Issuer’s financial and economic activity and 

the competence thereof in compliance with the Articles of Association (constituent documents) of the Issuer: 

The Audit Committee of the Board of Directors of OJSC Uralkali was established in 2005. In compliance with 

the Regulation on the Committee of the Board of Directors of OJSC Uralkali the quantitative composition 

shall be determined by the decision of the Board of Directors but shall include at least three members of the 

Board of Directors of OJSC Uralkali. 

146

As of 30.06.2012 the Committee of the Board of Directors of OJSC Uralkali consists of the following 

members of the Board of Directors of OJSC Uralkali: 

- Paul James Ostling 

- Sir Robert John Margetts 

- Anna Alexeevna Kolonchina 

- Gordon Holden Sage 

Chairman of the Committee of the Board of Directors of OJSC Uralkali for audit is Ostling Paul James. 

In compliance with the Regulation on the Committee of the Board of Directors of OJSC Uralkali for 

audit 

the Committee shall be an advisory body of the Board of Directors created for consideration of issues which is 

referred by this Regulation to the competencies of the Committee. Committee is not the body of the Company, 

the Company does not perform any civil rights and obligations via the Committee. 

The following matters pertain to the competence of the Committee: 

1) consideration of issues related to the systems of internal control and risk management; 

2) preparation of recommendations for approval of the map of key risks of the Company, monitoring of 

efficiency of measures for minimization of key risks and establishment of recommendations for correction of 

such measures; 

3) evaluation of efficiency of procedures of internal control that are accepted in the Company and 

preparation of offers for their perfection; 

4) evaluation of candidate into the auditors of the Company including development of recommendations 

for selection of the external auditor, its assignment, reassignment, termination of his authorities and the 

amount of remuneration as well as of recommendations in relation to conditions of the contract with external 

auditor; 

5) review and monitoring of independence and objectivity of external auditor and efficiency of the 

process of holding audit considering regulatory and professional requirements, participation in settlement of 

possible discords; 

6) development and implementation of the policy of involvement of external auditor for rendering nonaudit 

services considering corresponding ethical recommendations relating to rendering of non-audit services 

by the external auditor; 

7) preparation of recommendations in relation to issues which require improvement from the point of 

view of the Committee; 

8) evaluation of conclusion of auditor before its submitting in the quality of materials for annual 

general meeting of shareholders; 

9) monitoring of completeness and integrity of financial statements of the Company and any formal 

messages (declarations/information) of the Company related to financial results, consideration of significant 

conclusions in relation to financial data included in such messages; 

10) preliminary consideration of reports of the Company and draft conclusions of the external auditor, 

discussion of them with executive bodies of the company before presentation for consideration by the Board 

of Directors; 

11) monitoring of compliance of activities of the Company to the norms of the applied laws as well as to 

the internal documents of the Company; 

12) surveillance of condition of corporate management in the Company, development of 

recommendations for improvement; 

13) monitoring and consideration of issues related to efficiency of performance of functions of internal 

audit in the Company; 

14) functional management of internal audit department of the Company including approval of plans of 

works and key performance indicators of the department, structure and budget of the department, regulation 

on department, consideration of reports and evaluation of work of the department; 

15) recommendations in relation to internal documents of the Company which refer to the competencies 

of the Audit Committee. 

In case if the Regulation does not directly refer the issue to the competencies of the Committee, the members 

of the Committee have the right to reasonably interpret the norms of the Regulation considering targets and 

tasks of the Committee, specifics of the considered issue, in the purposes of maximum fast and effective 

consideration of it and presentation of corresponding recommendations. 

According to the resolution of the Board of Director the Committee may be assigned other issues as well. 

The body of control for financial and economic activities of the Issuer in accordance with p. 7.2. of the 

Charter of the Company is the Audit Commission of the Issuer. 

The Audit Commission of OJSC Uralkali elected by the decision of the annual General Meeting of 

Shareholders of OJSC Uralkali dated 07.06.2012 consists of 5 members. The Commission is shall be headed 

147

y the Chairman elected out of the number of the members of the Audit Commission. Thus, the structure of 

the Audit Commission is as follows: 

- Chairman of the Audit Commission 

- members of the Audit Commission – 4 persons. 

Competencies of the Audit Commission of the Company in accordance with p. 11.5 of the Charter of the 

Company: 

• the confirmation of the accuracy of data contained in the annual reports of the Company, annual 

and periodic financial statements, reporting documents for statistical and other state bodies; 

• verification of relevance of decisions made by the Board of Directors, the Management Board, the 

General Director of the Company; 

• verification of execution of the decisions of the General Meeting of Shareholders, the Board of 

Directors, the Management Board of the Company, internal documents of the Company enumerated in the 

Articles of Association by the officials of the Company; 

• control of correct allocation of the Company’s profits according to the decision of the General 

Meeting of Shareholders of the Company on profits allocation; 

• revision of accuracy and timeliness of accrual and payment of dividends on the shares of the 

Company, of bond interests; 

• verification of legitimacy of contracts and other transactions concluded on behalf of the Company; 

• revision of accuracy and timeliness of settlements for the contracts and liabilities of the Company; 

• estimation of internal control system; 

• analysis of causes and consequences of departures from the budget of the Company. 

The Issuer created the internal audit service (other, different from the Audit Commission (Auditor) body 

which realizes internal control over the financial and economic activities of the Issuer) 

Information on availability of the internal audit service (other, different from the Audit Commission (Auditor) 

body which realizes internal control over the financial and economic activities of the Issuer), its staff and term of 

its operation: 

Since 2011 the organizational structure of the Issuer includes the Internal Audit Department (since 2008 to 

2011 – the Internal Audit Directorate). Number of employees working at the time being, 28 employees. 

Main functions of the Internal Audit unit (other, different from the Audit Commission (auditor), body), its 

reporting and interaction with the Issuer's executive management bodies and Board of Directors (Supervisory 

Board) of the Issuer: 

Internal Audit Directorate solves the following tasks: 

a) (in the part of internal audit) provision of independent and objective guarantees and consultations for 

improvement of activity and achievement of targets of the Company by means of performance of system 

evaluations of the following processes of the Company: internal control system, corporate management 

system, risks management system. This includes: 

- evaluation of authenticity, reporting as well as assets used for its collection and preparation; 

evaluation of processes and systems used by the management for ensuring execution of strategy, plans, 

regulations, requirements of legislation and control which can have significant impacts for the Company; 

evaluation of assets which ensure security of property of the Company; 

- evaluation of how effectively and successfully the management uses properties and resources of the 

Company; 

evaluation of the extent to which the management executed strategy and plans of the Company; 

b) (in the part of control and auditing operations) provide system assistance to the Company in order to 

minimize damage (hazard, losses) of the Company from the offenses committed against legal rights and 

interests of the Company by its employees, managers, members of the management bodies, contractors or 

third persons. 

In order to perform these tasks the Internal Audit Directorate is assigned with the following functions: 

a) in the part of internal audit and control and auditing activities: 

- receipt of expectations of the Audit committee, general director, owners of business processes in relation to 

the activities of the IAD; 

- provision of availability of sufficient regulatory documentation; 

- provision of sufficient resources for performance of checks (employees of IAD, involved experts of the 

Company, external advisors); 

- provision of sufficient infrastructure to support operation of IAD (IT-systems, methodology and 

instruments); 

- monitoring of execution of plans of operation of IAD and execution of correction actions by deviations; 

- holding of internal and external evaluation of operation of IAD; 

148

- storage of IAD documentation; 

b) in the part of internal audit: 

- annual own evaluation of risks in relation to the targets of the Company and preparation of plans of works 

of IAD on the basis of risks8; 

- initiation and planning of auditor checks; 

- holding of auditor checks; 

- coordination of audit reports with the management; consultation and supervision of development and 

approval of correcting measures by the management; issue of audit reports; 

- resolution of discords in reports and plans of correcting measures on the level of the general director and 

the Audit Committee; 

- monitoring of implementation of plans of correcting measures by the managers; maintenance of the file of 

open issues from the auditor reports before their resolution; 

- evaluation of owners of business processes by level of effectiveness of maintenance and development of 

internal control system by results of the year with utilization of KPIs; 

- regular reporting in front of the Audit Committee with participation of the General Director of the Company 

and profile management10; 

c) in the part of control and auditing activities: 

- analysis of risks that is studying of the kinds of possible damage from offenses committed against the 

interests of the Company; analysis of the corresponding ICS; 

- recommendations for implementation of ICS by results of risks analysis; 

- constant complex collection of information on facts and attributes of damage (harm, consequences) for the 

Company as well as of damage threats; 

- execution of research (definition of the facts of incurred damage or damage threat); 

- recommendations to the management for protection of violated rights of the Company (compensation of 

damage, disciplinary sanctions, etc.) and for strengthening of the ICS; 

- monitoring of recovery of the violated rights of the Company and improvements of the ICS; reporting. 

Internal audit department shall be subordinate to the Committee of the Board of Directors of OJSC Uralkali 

on audit (functionally) and to the General Director of the Company (administratively). 

Interaction between the Issuer's Internal Audit Department (other, different from the Audit Commission 

(Auditor), body) and external auditor: 

In order to determine the required scope of audit and minimize double work the internal audit service shall 

interchange information and coordinate activity with the external audit of the Issuer. 

The Issuer confirmed (approved) the internal document of the Issuer outlining the rules on preventing the use 

of confidential and insider information. 

Information about availability of the Issuer's document outlining the rules on preventing illegal use of 

confidential and insider information: 

Regulation on Information Policy of the OJSC Uralkali, approved by decision of the Board of Directors of the 

OJSC Uralkali, Minutes No. 257 dated February 27, 2012). 

Regulation on access to insider information of OJSC Uralkali, rules for protection of its confidentiality and 

supervision of compliance with Federal Law No. 224-ФЗ dated 27.07.2010, as approved by order of the 

General Director of OJSC Uralkali No. 1085 dated 14.08.2012. 

5.5. Information about the persons who are members of the bodies in control of the Issuer’s 

financial and economic activity 

Name of the body controlling the Issuer’s financial and economic activity: Audit Commission 

Name and surname: Lepekhin Valery Yuryevich 


Education: 

higher 

Educational institution – Moscow Institute of Physics and Technology 

Specialization, qualification – Applied mathematician 




from till 

149

2006 2007 LLC Central European Aluminum Company Financial director 

2006 2007 Rudnici Boksita Niksic Member of the Board of 

Directors 

2006 2007 Kombinat Aluminijuma Podgorica Member of the Board of 

Directors 

2007 2008 ООО UK Group GAS Director of internal audit 

service 

2008 2011 OJSC Uralkali Director of internal audit 

department 

2011 Present time OJSC Uralkali Head of internal audit 

department 



affiliates 












Federation: 


Name and surname: Tkachev Artem Vladimirovich 


Education: 

higher 

Educational institution: State Management University 

Qualification – National Economy 




from till 

2006 2008 CJSC PricewaterhouseCoupers Audit advisor 

2006 2008 CJSC PricewaterhouseCoupers Audit chief advisor 

2010 2010 OJSC Uralkali manager of department of 

corporate accounting and 

controlling 

150

2011 2011 OJSC Uralkali Deputy head of department of 


controlling 

2011 Present time OJSC Uralkali Head of department of 

corporate statements and 

controlling 



affiliates 












Federation: 


Name and surname: Nikonova Lidiya Vasilievna 


Education: 

higher 

Educational institution – Perm State University 

Qualification - law. 




from till 

2006 2007 OJSC Galogen Head of legal department 

2007 2011 OJSC Uralkali Deputy Head of legal 

department 

2011 Present time OJSC Uralkali Head of property management 



151

affiliates 












Federation: 


Name and surname: Prokopova Natalya Sergeevna 


Education: 

higher 

Educational institution – Russian economic academy named after G.V. Plekhanov, department of the 

Institute of business and commercial management 

Qualification – Specialist in the sphere of accounting, analysis and audit 




from till 

2006 2007 CJSC PricewaterhouseCoupers Audit Senior consulting auditor 

2007 2008 OJSC Uralkali Accounting manager 

2008 2010 OJSC Uralkali Deputy head of department of 


controlling 

2010 2011 OJSC Uralkali Head of department of 


controlling 


consolidated statements and 

controlling 

2012 Present time OJSC Uralkali Financial controller 



affiliates 




152









Federation: 


Name and surname: Vyatkina Olga Vasilievna 


Education: 

higher 

Educational institution - Perm state technical university 

Specialization, qualification - economist engineer 




from till 

2005 2010 OJSC Silvinit Head of bureau for calculation 

of wages 

2010 2011 OJSC Silvinit Deputy Chief Accountant 


accounting of financial 

operations and reporting 

2011 Present time OJSC Uralkali Head of department of 

consolidated reports 



affiliates 












153

Federation: 


In case if the Issuer has internal audit service or other body to control its financial and economic activities 

different from the Audit Commission of the Issuer which includes more than 10 persons, information, foreseen 

by this point, is given for not less than 10 persons which are the members of the corresponding Issuer's body for 

controlling its financial and economic activities, including the head of such a body. 

5.6. Information about remuneration, and/or compensation of expenses for the body the Issuer’s 

controlling financial and economic activity 

Information about remuneration for each body controlling financial and economic activity. All types of 

remuneration, including wages, bonuses, commission fees, benefits and (or) compensation of expenses as well as 

other property nominations that the Issuer paid for the period from the date of beginning of this year and to the 

date of the end of the reporting quarter: 

Unit: rub. 

Name of the body controlling the Issuer’s financial and economic activity: Audit Commission 

Remuneration for participation in the work of the control body 

Unit: rub. 


months 

Remuneration for participation in the work of the body for controlling 

287,400 

financial and economic activities of the Issuer 

Salaries 11,154,062 

Bonuses 10,260,241 


Benefits 

Reimbursement of expenses 61,201 

Other types of remuneration 

TOTAL 21,762,904 


The new edition of Regulation on the Audit Commission of OJSC Uralkali was approved by the decision of 

the extraordinary General Assembly of Shareholders (minutes No. 32 as of 17.04.2012). 

According to the new Regulation the members of the Audit Commission are paid remuneration and 

compensations for performance of their obligations in the order and in amounts determined by decision of the 

General Assembly of Shareholders of the Company. 

The members of the Audit Commission are also reimbursed at the Company’s cost for 

transport expenses (except for taxi) and office expenses as well as accommodation expenses relating to 

execution of their functions. Compensation of expenses shall be performed on the basis of the documents 

confirming the expenses within 5-day period from the moment of submitting such documents to the 

accounting department of the Company. 

The Annual General Assembly of OJSC Uralkali held on 07.06.2012 adopted the following decision: 

To pay 287.4 thousand rubles to the members of the Audit Commission. 

Besides the members of the Audit Commission, who are on the Issuer’s staff are paid salaries according to the 

OJSC Uralkali staff list. 

154

Since the Auditing Committee of the OJSC Uralkali Board of Directors consists of the members of the 

Company’s Board of Directors any Information on the amount of remuneration, benefits and/or 

reimbursement of expenses paid to the members of the Company’s Board of Directors is disclosed in clause 

5.3. of the Quarterly Report. 

5.7. Information about the number and general data on the Issuer’s staff (employees) as well as 

changing number of the Issuer’s staff (employees) 

Unit: rub. 


months 

Average number of employees, people 12,054 

Fund of accrued wages of employees for the reporting period 4,002,536,499 

Social payments of employees for the reporting period 77,430,057 

The Issuer’s employees established a labor union. 

5.8. Information about any Issuer’s obligations to its employees relating to the opportunities of 

their participation in the Issuer’s authorized (share) capital (share fund) 

The Issuer shall have no obligations to its employees regarding the opportunities of their participation in the 

Issuer’s authorized (share) capital (share fund) 

VI. Information about the Issuer’s members (shareholders) and interested 

party transactions made by the Issuer 

6.1. Information about the total number of the Issuer’s shareholders (members) 

Total number of persons with non-zero balances on current accounts registered in the log of shareholders of the 

Issuer as of the end of the reporting quarter: 11,806 

The total number of the Issuer’s nominal shareholders is 10 

Total number of persons included in the last list of persons which had (have) the right to take part in the general 

meeting of shareholders of the Issuer (other list of persons prepared in the purposes of execution (realization) of 

rights for shares of the Issuer and for preparation of which nominal holders of shares of the Issuer presented data 

on persons on behalf of which they owned (own) shares of the Issuer): 24,309 

Date of preparation of the list of persons included in the last list of persons which had (have) the right to take 

part in the general meeting of shareholders of the Issuer: 26.04.2012 

Owners of ordinary shares of the Issuer which were subject to inclusion in such a list: 24,309 

6.2. Information about the Issuer’s members (shareholders) owning more than 5 percent of their 

charter (share) capital (share fund) or more than 5 percent of their ordinary shares as well as 

information about controlling entities of such members (shareholders) owning more than 20 

percent of their charter (share) capital (share fund) or not less than 20 percent of their ordinary 

shares 

The members (shareholders) owning more than 5 percent of their charter (share) capital (share fund) or more 

than 5 percent of their ordinary shares 

Full corporate name: THE BANK OF NEW YORK INTERNATIONAL NOMINEES 



10286 USA, New York, N.Y., One Wall Street 


155

Fraction of the Issuer’s ordinary shares held by the entity, %: 21.95 

Persons controlling the member (shareholder) of the Issuer 

Information on mentioned entities was not provided to the Issuer (is not available) 

The members (shareholders) of this entity owning more than 20 percent of their charter (share) capital (share 

fund) or more than 20 percent of their ordinary shares 

Information on mentioned entities was not provided to the Issuer (is not available) 

Nominal shareholder 

Information about the nominal shareholder: 

Full corporate name: Closed Joint Stock Company Depositary and Clearing Company 

Abbreviated corporate name: CJSC DCC 


125009 Russia, Moscow, 4/7 Vozdvijenka, building 1 

INN (Tax ID): 7710021150 


Telephone: (495) 956-0999 

Fax: (495) 232-6804 

Email: dcc@dcc.ru 

Information about the Securities Market member’s License 

Number: 177-06236-000100 

Date of issue: 09.10.2002 

Date of expiry: 

Termless 

Name of licensing authority: Federal service for financial markets 

The number of the Issuer’s ordinary shares registered in the Issuer’s registry of shareholders to the name of the 

nominal shareholder: 806,858,049 

The number of the Issuer’s privileged shares registered in the Issuer’s registry of shareholders to the name of the 

nominal shareholder: 



Full corporate name: VTB Bank (open joint-stock company) 

Abbreviated corporate name: VTB Bank (OJSC) 


Russia, 119121, Moscow, 37 Plyushchikha st. 

INN (Tax ID): 7702070139 


Telephone: (495) 783-1387 

Fax: (495) 783-1389 

Email: CorporateActions.VTB@msk.vtb.ru 


Number: 178-06497-000100 



Termless 

Name of licensing authority: FCSM (Federal Commission for Securities Markets) (FSFM (Federal Service for 

156

Financial Markets) of Russia 







Full corporate name: Non-banking Credit Organization Closed Joint Stock Company National Settlement 

Depository 

Abbreviated corporate name: NCD CJSC NCO 


Russia, 125009, Moscow, 1/13 Sredniy Kislovskiy Lane, bldg. 8 

INN (Tax ID): 7702165310 


Telephone: (495) 232-0520 

Fax: (495) 956-0938 

Email: reginfo@ndc.ru 


Number: 177-12042-000100 



Termless 









Full corporate name: ING BANK (EURASIA), CJSC (Closed Joint Stock Company) 

Abbreviated corporate name: ING BANK (EURASIA), CJSC (Closed Joint Stock Company) 


127473 Russia, Moscow, 36 Krasnoproletarskaya st. 

INN (Tax ID): 7712014310 


Telephone: +7 (495) 755-5400 

Fax: +7 (495) 755-5499 

Email: mail.russia@ingbank.com 


Number: 177-03728-000100 



Termless 



157





6.3. Information about the participatory interest of the state or a municipal entity in the charter 

(share) capital (share fund) of the Issuer, special right ("golden share") availability 

Information on persons managing state, municipality blocks of shares 

No mentioned entities 

Persons which realize functions of member (shareholder) of the Issuer on behalf of the Russian Federation, 

constituent of the Russian Federation or municipality institution 

No mentioned entities 

Availability of the special right of the Russian Federation, constituent entities of the Russian Federation, 

municipal entities to participate in the management of the Issuer – joint-stock company ("golden share"), validity 

of the special right ("golden share") 

The specified interest is not stipulated 

6.4. Information about the limitations of the interest in the charter (share) capital (share fund) 

of the Issuer 

There are no limitations with regard to the interest in the charter (share) capital of the Issuer 

6.5. Information about the changes to the structure and size of the interest of the Issuer's 

shareholders (member), holding no less than 5 percent of its charter (share) capital (share fund) 

or no less than 5 percent of its ordinary shares 

The structure of the Issuer's shareholders (members), holding no less than 5 percent of its charter (share) capital, 

and for the Issuers being joint-stock companies – also no less than 5 percent of the Issuer's ordinary shares set as 

of the date of the list of the entities, having the right to participate in each General Meeting of Shareholders 

(members) of the Issuer held within the last completed fiscal year, preceding the date of the reporting quarter 

completion, and for the period since the date of beginning of this year and to the date of the reporting quarter 

completion according to the data of the list of the entities, having the right to participate in each of these 

meetings 

Date of preparation of the list of the entities, having the right to participate in the General Meeting of 

Shareholders (members) of the Issuer: 24.05.2011 

List of the shareholders (members) 


Abbreviated corporate name: no 

Location: 


Fraction of the Issuer’s ordinary shares held by the entity: 15.33306 



Location: 



Full corporate name: Kaliha Finance Limited 


Location: 

158



Full corporate name: Becounioco Holdings Limited 


Location: 



Full corporate name: FORMAN COMMERCIAL LIMITED 


Location: 



Full corporate name: FENGUARD LTD 


Location: 








Location: 





Location: 





Location: 



Full corporate name: FENGUARD LTD 


Location: 

159




Abbreviated corporate name: OJSC "VTB Bank" 

Location: 



Full corporate name: FORMAN COMMERCIAL LIMITED 


Location: 








Location: Russia, 117997, Moscow, 19 Vavilova st. 

INN (Tax ID): 7707083893 






Location: One Wall Street, New York N.Y. 10286 





Abbreviated corporate name: VTB Bank (OJSC) 

Location: Russia, 119121, Moscow, 37 Plyuschikha st. 

INN (Tax ID): 7702070139 






Location: LORDOU VYRONOS, 61-63, FLAT/OFFICE 602, P.C.6023, LARNACA, CYPRUS 




160



Location: Lordou Viyronos, 61-63, Flat/ Office 602, Larnaca, Cyprus 









Location: Russia, 117997, Moscow, 19 Vavilova st. 

INN (Tax ID): 7707083893 












Location: LORDOU VYRONOS, 61-63, FLAT/OFFICE 602, P.C.6023, LARNACA, CYPRUS 






Location: Lordou Viyronos, 61-63, Flat/ Office 602, Larnaca, Cyprus 




Full corporate name: Russian Commercial Bank (Cyprus) 


Location: 2 Amathuntos Street, P.O.Box 56868, 3310 Limassol, Cyprus 




6.6. Information about interested party transactions concluded by the Issuer 

Information about the amount and monetized volume of the transactions concluded by the Issuer, recognized as 

161

interested party transactions in conformity with the laws of the Russian Federation, which needed an approval by 

the authorized management body of the Issuer, according to the results of the last reporting quarter. 

Unit: rub. 

Indicator designation Total amount, 

pcs. 

Interested party transactions concluded by the Issuer for the 

reporting period, which needed an approval by the authorized 

management body of the Issuer 


reporting period, as approved by the authorized management 

body of the Issuer 


reporting period, as approved by the Board of Directors 

(Supervisory Board of the Issuer) 


reporting period, which needed an approval but were not 

approved by the authorized management body of the Issuer 

Total monetized volume 

417 10,847,278,356 

392 10,658,193,483 

25 189,084,873 

0 0 

The transactions (groups of associated transactions), the price of which makes 5 and over percent of the balance 

value of the Issuer’s assets determined based on the data of its financial statements as of the last reporting date 

before settling the transaction concluded by the Issuer for the last reporting quarter. 

The specified transaction were not concluded 

Interested party transactions (groups of associated transactions) with no resolution of their approval by the Board 

of Directors (Supervisory Board) or the General Meeting of the Shareholders (members) of the Issuer in cases 

where this approval is mandatory according with the legislation of the Russian Federation. 

The specified transaction were not concluded 

6.7. Information about the amounts of accounts receivable 




Receivables from buyers and customers 18,614,479 

including overdue receivables 1,924,587 

Bills receivable 

including overdue receivables 

Receivables from members (founders) in connection with the charter capital 

contributions 


Other receivables 15,572,402 


Total amount of accounts receivable 34,186,881 

including the total amount of overdue accounts receivable 1,924,587 

The Debtors, the share of which makes not less that 10 percent of the total amounts of receivables for the 

specified reporting period 

Full corporate name: Uralkali Trading S.A. 

Abbreviated corporate name: Uralkali Trading S.A. 

Location: Switzerland, Geneva 


162

Amount of accounts receivable: 13,732,027 


Size and terms of the overdue debtor indebtedness (interest rate, penalties, and fines): 

The debtor is an affiliated entity of the Issuer: Yes 




VII. Accounting (financial) statements and other financial information of 

the Issuer 

7.1. Annual accounting (financial) statements of the Issuer 

Not specified in this reporting quarter 

7.2. Quarterly accounting (financial) statements of the Issuer 

Accounting balance 

as of 30.09.2012 

Codes 

Form No. 1 of OKUD (All-Russia Classifier of Management Documentation) 0710001 

Organization: Open Joint-Stock Company Uralkali OKPO (Russia 

National 

Nomenclature of 

Businesses and 

Organizations) 

Date 30.09.2012 

00203944 

Identification number of the taxpayer TIN 5911029807 

Type of activity: Production of mineral raw materials for 

chemical production enterprises and for manufacturing of 

fertlizers; production of fertilizers and nitrogen compounds 

Form of incorporation/type of ownership: open joint-stock 

company / Mixed Russian ownership with the share of federal 

ownership 

according to OKVED 

(All-Russian Classifier 

of Types of Economic 

Activity) 

OKOPF (All-Russian 

Classifier of Forms of 

Incorporation)/ 

OKFS (All-Russian 


Ownership) 

24.15 

47 / 41 

Unit: thousand rubles by RCMU 384 

Location (address): 63 Pyatiletki, Berezniki, Perm Region, 618426 

Russia 

Explan 

ation 

ASSETS Line 

code 

as of 

30.09.2012 

as of 

31.12.2011 

as of 

31.12.2010 

1 2 

I. NON-CURRENT ASSETS 

3 4 5 6 

Intangible assets 1110 35,201,281 9,442 9,036 

Research and development results 1120 12,491 163 313 

163

Explan 

ation 

Intangible search assets 1130 0 

Material search assets 1140 0 

Fixed assets 1150 68,932,322 67,496,715 42,959,081 

including: construction in progress 1155 28,037,766 26,144,673 22,239,028 

Income yielding investment into tangible 

assets 

1160 242,899 1,816,609 305,310 

Financial investments 1170 13,928,093 53,169,587 2,160,391 

Deferred tax assets 1180 0 

Other non-current assets 1190 668,055 62,895,912 235,482 

Total for the section I 1100 118,985,141 185,388,428 45,669,613 

II. CURRENT ASSETS 

Inventories 1210 4,967,453 5,349,915 3,088,128 

Input value added tax 1220 1,526,194 2,682,880 1,794,699 

Receivables 1230 34,186,881 19,496,862 7,174,554 

Financial investments (excluding cash 

equivalents) 

1240 158 158 0 

Cash assets and cash equivalents 1250 44,161,985 20,741,421 11,016,944 

Other current assets 1260 171,827 13,588,701 413,767 

Total for the section II 1200 85,014,498 61,859,937 23,488,092 

BALANCE (assets) 1600 203,999,639 247,248,365 69,157,705 

LIABILITIES Line 

code 

as of 

30.09.2012 

as of 

31.12.2011 

as of 

31.12.2010 

1 2 

III. CAPITAL AND RESERVES 

3 4 5 6 

Charter capital (reserve capital, statutory 

fund, contributions of partners) 

1310 1,468,008 1,547,319 1,062,195 

Own shares purchased from shareholders 1320 0 -24,675 0 

Reevaluation of non-circulating assets 1340 2,953,300 2,999,731 1,892,005 

Additional capital (without reevaluation) 1350 0 15,902,925 816,959 

Surplus 1360 220,201 232,098 159,329 

Undistributed profit (pending losses) 1370 61,291,701 79,427,584 44,527,297 

Total for the section III 1300 65,933,210 100,084,982 48,457,785 

IV. LONG-TERM LIABILITIES 

Borrowed assets 1410 127,363,525 106,829,295 17,304,874 

Deferred tax liabilities 1420 5,307,773 1,565,950 588,641 

Estimated liabilities 1430 0 0 0 

Other liabilities 1450 0 0 0 

Total for the section IV 1400 132,671,298 108,395,245 17,893,515 

V. SHORT-TERM LIABILITIES 

Borrowed assets 1510 857,407 6,724,324 3,040 

Accounts payable 1520 3,692,215 29,685,347 2,796,542 

deferred revenues 1530 17,292 13,842 6,823 

Estimated liabilities 1540 828,217 2,344,625 0 

164

Other liabilities 1550 0 0 0 

Total for the section V 1500 5,395,131 38,768,138 2,806,405 

BALANCE (liabilities) 1700 203,999,639 247,248,365 69,157,705 

165

Profit and loss statement 

for 9 month, 2012 

Codes 

Form No. 2 of OKUD (All-Russia Classifier of Management Documentation) 0710002 

Date 30.09.2012 

Organization: Open Joint-Stock Company Uralkali OKPO (Russia National 

Nomenclature of Businesses 

and Organizations) 

00203944 

Identification number of the taxpayer TIN 5911029807 

Type of activity: Production of mineral raw materials for 

chemical production enterprises and for manufacturing of 

according to OKVED (All- 

Russian Classifier of Types 

24.15 

fertlizers; production of fertilizers and nitrogen 

compounds 

of Economic Activity) 

Form of incorporation/type of ownership: open joint-stock 

company / Mixed Russian ownership with the share of 

OKOPF (All-Russian 


47 / 41 

federal ownership 

Incorporation)/ 

OKFS (All-Russian 


Ownership) 

Unit: thousand rubles by RCMU 384 

Location (address): 63 Pyatiletki, Berezniki, Perm Region, 

618426 Russia 

Explan 

ation 

Indicator designation Line 

code 

For 9 months 

of 2012 

For 9 months 

of 2011 

1 2 3 4 5 

Revenues 2110 90,219,220 64,072,166 

Cost of sales 2120 -17,914,185 -13,146,635 

Gross profit (loss) 2100 72,305,035 50,925,531 

Commercial expenses 2210 -12,910,138 -8,945,223 

Management expenses 2220 -4,576,426 -3,661,201 

Profit (loss) on sales 2200 54,818,471 38,319,107 

Income from participation in other companies 2310 710,688 111,757 

Interest receivable 2320 2,242,034 603,588 

Interest payable 2330 -5,299,656 -2,261,112 

Other income 2340 5,989,553 5,112,065 

Other expenditures 2350 -6,302,393 -7,406,070 

Profit (loss) before taxation 2300 52,158,697 34,479,335 

Current profit tax 2410 0 -5,312,646 

including continuous tax liabilities (assets) 2421 -1,189,855 -136,991 

Change of deferred tax liabilities 2430 -156,544 -228,722 

Change of deferred tax assets 2450 -7,989,773 -62,252 

Miscellaneous 2460 -1,125,898 143,633 

Net profit (loss) 2400 42,886,482 29,019,348 

FOR REFERENCE: 

Result of reevaluating the non-circulating assets not included 

into the net profit (loss) for the period 

Result of other operations not included into the net profit 

(loss) for the period 

2510 0 1,127,028 

2520 0 15,086,374 

Cumulative financial result for the period 2500 42,886,482 45,232,750 

Base profit (loss) per share 2900 

Diluted profit (loss) per share 2910 

166

In the reporting period, the issuer prepared intermediary bookkeeping (financial reporting in accordance with 

the International standards of financial reporting or the Generally accepted accounting principles of the USA 

2012, 6 months – IFRS/GAAP 

Accounting period 

Year: 2012 

Quarter: II 

Standards (rules) in accordance with which the accounting (financial) statements reflected in this item of the 

quarterly report are prepared 

IFRS 

Information is given in the attachment to this quarterly report 

7.3. Consolidated accounting (financial) statements of the Issuer 

7.4. Information about the Issuer’s accounting policies 

No changes in content of information of this point were entered during the reporting quarter 

7.5. Information about the total export amount and about the share of the export in the total 

sales 



months 

The total amount of the Issuer’s revenue obtained from export of products 73,753,164 

(goods, work, services) 

Share of such profits in the sales revenues, % 81.75 

7.6. Information about significant changes occurred in the structure of the Issuer’s property 

after the end date of the last full fiscal year 

Information about essential changes in the structure of property of the Issuer occurred during the 12 months 

preceding the end date of the reporting quarter 

No essential changes in the structure of property of the Issuer have occurred during the 12 months preceding 

the end date of the reporting quarter 

7.7. Information about the Issuer’s participation at court proceedings in case if such 

participation may have a significant impact on the Issuer’s financial and economic activity 

1) OJSC Uralkali has moved to the Moscow Arbitration Court with a motion to the Interregional Inspection 

of the Russian Federal Tax Service on the largest tax payers No. 3 to adjudicate as obsolete the disposition on 

rejection No. 03-1-131/3 of March 31, 2010 to hold liable for tax offense, according to the results of the field 

tax audit for 2007-2008, delivered by the Interregional Inspection of the Russian Federal Tax Service on the 

largest tax payers No. 3, with regard to the additional income tax assessment amounting to 3,717,092 rubles 

and with regard to the additional VAT assessment amounting to 13,040,466 rubles. 

By the judgment of the Moscow Arbitration Court of November 24, 2010 on case No. А40-108846/10-35-572 

that has been left unaltered according to the judgment of the Ninth Arbitration Court of Appeal of February 

28, 2011, the claims of OJSC Uralkali have been declined. 

By the judgment of the Federal Arbitration Court of Moscow Region of June 22, 2011, the judgment of the 

Moscow Arbitration Court of November 24, 2010 and the judgment of the Ninth Arbitration Court of Appeal 

of February 28, 2011 have been falsified, the case has been expedited to a retry to the Moscow Arbitration 

Court. 

By the judgment of the Moscow Arbitration Court of November 21, 2011, by unaltered judgment of the Ninth 

Arbitration Court of Appeal of March 22, 2012, by the judgment of the Federal Arbitration Court of Moscow 

region of July 17, 2012, requirements of OJSC Uralkali were satisfied in full. 

167

2) Lomakin A.G. addressed the Arbitration court of Perm area with a claim for solidary recovery from CJSC 

Computersher Registrator and OJSC Silvinit of losses incurred due to the loss of shares of OJSC Silvinit by 

the claimant in the amount of 1,702,177,193 rubles (considering clarification of amount of stated claims of 

the claimant accepted by determination of the Arbitration court of Perm area as of February 21, 2011). 

By the judgment of the Perm area Arbitration Court of July 8, 2011 in the case А50-370/2011, OJSC Silvinit 

has been substituted with the procedural assign – OJSC Uralkali. 

By the judgment of the Perm area Arbitration court as of January 11, 2012 in case No. A50-370/2011 left 

unchanged by the order of the Seventeenth arbitration court of appeal as of March 29, 2012, stated claims of 

Lomakin A.G. were satisfied in full, CJSC Computersher Registrator and OJSC Uralkali are to solidarily pay 

damages in the amount of 1,702,177,193 rubles. 

By judgments of the Federal Arbitration Court of the Urals region as of April 18, 2012, of June 6, 2012, of 

June 26, 2012, for case No. A50-370/2011 cassation appeals of OJSC Uralkali, CJSC, Computersher 

Registrator, Open Joint-Stock Insurance Company Ingosstrakh were accepted by cassation instance for legal 

proceedings. 

On 15.08.2012 by judgment of the Federal Arbitration Court of the Urals region cassation appeals of OJSC 

Uralkali, CJSC, Computersher Registrator, Open Joint-Stock Insurance Company Ingosstrakh were left 

without satisfaction and the judgment of the Arbitration Court of the Perm district of 11.01.2012, resolution 

of the Seventeenth Arbitration Court of Appeal of March 29, 2012, left unaltered. 

3) OJSC Uralkali addressed the Arbitration Court of the Perm District with the claim to withdraw from LLC 

"UK "Uralenergostroy" damages incurred due to low quality execution of works under the construction 

contract, unjustifiable enrichment in the overall amount of 141,647,335.98 rubles. 

By judgment of the Arbitration Court of Perm District of 09.07.2012 for case No. A50-12938/2012 the claims 

requirements of OJSC Uralkali were accepted for legal proceedings. 

By judgment of the Arbitration Court of Perm District of 21.09.2012 for case No. A50-12938/2012 legal 

proceedings were suspended and expertize was assigned. 

VIII. Supplementary information about the Issuer and on the issuable 

securities placed by the Issuer 

8.1. Supplementary information about the Issuer 

8.1.1. Information about the amount and structure of the Issuer’s authorized (share) capital 

(unit fund) 

The Issuer’s authorized (share) capital (unit fund) as of the end date of the last reporting quarter amounts to 

1,547,318,952.5 thousand rubles. 1,468,007,945.5 

Ordinary shares 

Total face value: 1,468,007,945.5 

Share in the charter capital, %: 100 

preference shares 

Total face value: 0 


Information on compliance of the amount of registered capital given in this point to the constituent documents of 

the Issuer: 

Information on the amount of registered capital given in this point complies with the constituent documents 

The part of the Issuer’s shares is circulating outside the Russian Federation via circulation in accordance 

with the foreign rights of the securities of the foreign Issuers, confirming the rights in respect of the 

mentioned Issuer’s shares. 

Categories (types) of the shares, circulating outside the Russian Federation 

Type of securities: shares 

Class of shares: ordinary 

Fraction of shares, circulating outside the Russian Federation of the total amount of shares of the appropriate 

category (type): 21.95 

168

Foreign Issuer, whose Securities confirm the rights with respect to the Issuer’s shares of this category (type) 



Short description of the program (type of the program) of the foreign Issuer’s depositary securities issuance 

confirming the rights in respect of the shares of this category (type): 

Global depositary receipts issued in respect of registered ordinary shares of OJSC Uralkali. 

Information on permit of the federal body of executive power for the securities market for placement and/or 

organization of circulation of Issuer's shares of the corresponding category (type) beyond the borders of the 

Russian Federation (if applicable): 

In accordance with the order of FSFR of Russia as of 21.09.2006 No. 06-2166/пз-и circulation of registered 

uncertified ordinary shares of OJSC Uralkali beyond the borders of the Russian Federation is authorized 

Foreign trade instituter (trade instituters) with whose help the foreign Issuer’s Securities are circulated certifying 

the rights in respect of the Issuer’s shares (if such circulation exists): 

London Stock Exchange 

Other information about circulation of Issuer's shares beyond the borders of the Russian Federation specified at 

the Issuer's discretion: 

GDR are issued for ordinary shares of OJSC Uralkali out of calculation of five ordinary registered shares = 1 

GDR. GDR are circulating on the London Stock Exchange (LSE). 

Securities that circulate on the stock exchanges (LSE, MICEX-RTS), are interchangeable: ordinary shares 

can be converted into GDR and backwards. 

8.1.2. Information about the modification of amount of the Issuer’s authorized (share) capital 

(unit fund) 

In case if for the last completed fiscal year preceding the date of completion of the reporting quarter as well as 

for the period before the date of beginning of this year to the date of the end of reporting quarter the amount of 

registered (reserve) capital (unit fund) of the Issuer was changed, specify for each fact of changes occurred: 

Date of the modification of amount of the charter capital: 17.06.2011 

Amount of the charter capital before the modifications introduction (RUB): 1,062,195,000 

Composition of the charter capital before the modifications introduction 


Total face value: 1,062,195,000 





Amount of the charter capital before the modifications introduction: 1,547,318,952.5 

Composition of the charter capital after introduction of changes 







The name of the management body of the Issuer, which made a decision to change the amount of the Issuer’s 

authorized (share) capital (unit fund): Board of the Directors of OJSC Uralkali 

169

Date of preparation of the minutes of meeting of the management body of the Issuer, at which the decision was 

made to change the amount of the Issuer’s authorized (share) capital (unit fund): 17.06.2011 

Number of the Minutes: No. 254 

Date of the modification of amount of the charter capital: 01.08.2012 

Amount of the charter capital before the modifications introduction (RUB): 1,547,318,952.5 

Composition of the charter capital before the modifications introduction 







Amount of the charter capital before the modifications introduction: 1,468,007,945.5 

Composition of the charter capital after introduction of changes 







The name of the management body of the Issuer, which made a decision to change the amount of the Issuer’s 

authorized (share) capital (unit fund): General meeting of shareholders 

Date of preparation of the minutes of meeting of the management body of the Issuer, at which the decision was 

made to change the amount of the Issuer’s authorized (share) capital (unit fund): 17.04.2012 

Number of the Minutes: 32 

8.1.3. Information about the order of convening and holding the meeting (session) of the Issuer’s 

highest management body 

Name of the Issuer’s highest management body: General meeting of shareholders 

The procedure for notifying shareholders (members) of a meeting (conference) of the Issuer’s highest 

management body: 

Notice of the General Meeting of Shareholders shall be made no later than thirty (30) days before the 

scheduled date, unless the law provides for a longer period. 

If the proposed agenda of the Extraordinary General Meeting of Shareholders includes the election of 

members of the Board of Directors, a notice of such meeting shall be made no later than seventy (70) days 

before the scheduled date. 

8.13. The form of notice to the shareholder on holding the General Meeting of Shareholders – publication of 

notice of General Meeting of Shareholders in the following periodicals: daily paper "Rossiyskaya gazeta" 

(founder - Government of the Russian Federation, registration number 302). 

Persons (entities) which are entitled to call (insist on) extraordinary meeting (session) of the Issuer’s highest 

management body and procedure of forwarding (submission) of such requests: 

Pursuant to the Regulations on General Meeting of OJSC Uralkali Shareholders, the entities which are 

entitled to call (insist on) the extraordinary meeting are as follows: 

- Board of Directors; 

170

- Audit Commission; 

- Auditor of the Company; 

- the Shareholders holding at least 10 per cent of voting stocks of the Company as of the date of request. 

The Regulations "On General Meeting of Shareholders of OJSC Uralkali" shall set out procedure of 

forwarding (submission) of such requests: 

- request for extraordinary General Meeting of Shareholders should conform to the Federal Law on Joint- 

Stock Companies; 

- the request shall be made in writing. The request should be signed by the chairman of the Audit 

Commission, an authorized representative of the Company’s Auditor, requesting shareholders (shareholder) 

or representatives of shareholders subject to entity (person) submitting the request. The representative's 

authority is documented and confirmed in accordance with the laws of the Russian Federation; 

- the request for extraordinary General Meeting of Shareholders shall state the items to be incorporated in the 

meeting’s agenda which can include formulations of decisions on each issue and proposals on the form of 

General Meeting of Shareholders. The request for extraordinary General Meeting of Shareholders shall 

contain the given names (corporate names) of shareholders (shareholder) requesting for such meeting. 

Shareholders (shareholder) should also indicate the number and class (type) of their owned shares. 

Procedure for determining the date of the meeting of the Issuer’s highest management body: 

Pursuant to the Articles of Association of the Company, in preparation for the General Meeting of 

Shareholders the Board of Directors shall determine the date of the General Meeting of Shareholders. 

Pursuant to clauses 2 and 3 Article 55 of the Federal Law "On Joint-Stock Companies": 

Extraordinary General Meeting of Shareholders to be convened at the request of the Audit Commission 

(Internal Auditor) of the Company, External Auditor of the Company or shareholders (shareholder) who hold 

not less than 10 percent of the voting shares of the Company should be held not later than 40 days after the 

request to hold the Extraordinary General Meeting of Shareholders. 

If the proposed agenda of the Extraordinary General Meeting of Shareholders includes the election of 

members of the Board of Directors (Supervisory Board), such meeting shall be held not later than seventy 70 

days of the request to hold the Extraordinary General Meeting of Shareholders, unless a shorter period is 

provided by the Articles of Association of the Company. 

In cases where, in accordance with Articles 68 – 70 of the Federal Law "On Joint-Stock Companies", the 

Board of Directors (Supervisory Board) of the Company must decide to hold an Extraordinary General 

Meeting of Shareholders, such General Meeting of Shareholders shall be held not later than 40 days after the 

decision to hold it is made by the Board of Directors (Supervisory Board), unless a shorter period is provided 

by the Articles of Association of the Company. 

In cases where, in accordance with the Federal Law "On Joint-Stock Companies", the Board of Directors 

(Supervisory Board) of the Company must decide to hold an Extraordinary General Meeting of Shareholders 

to elect members of the Board of Directors (Supervisory Board) of the Company, such General Meeting of 

Shareholders shall be held not later than 90 days after the decision to hold it is made by the Board of 

Directors (Supervisory Board), unless a shorter period is provided by the Articles of Association of the 

Company. 

Persons who are entitled to make proposals on the agenda of the meeting of the Issuer's highest management 

body, and procedure for making such proposals: 

Pursuant to the Regulation on the General Meeting of Shareholders of OJSC Uralkali, shareholders 

(shareholder), holding in aggregate not less than 2 percent voting shares are entitled to make proposals on the 

agenda of the annual General Meeting of Shareholders. 

If an item is contained in the proposals of several shareholders, the voting shares held by shareholders who 

have signed different proposals for the same item on the agenda of the annual General Meeting of 

Shareholders shall not be summed up. 

The proposal to include items on the agenda of the annual General Meeting of Shareholders and the proposal 

to nominate candidates to the Company must be received by the Company no later than 30 days after the end 

of the fiscal year. 

The proposal to include items on the agenda of the annual General Meeting of Shareholders should be 

prepared in writing. 

The proposal to include items on the agenda of the annual General Meeting of Shareholders shall contain 

wording of each proposed item and may contain wording of the decision on each proposed item. 

The proposal to include items on the agenda of the annual General Meeting of Shareholders shall be signed 

by the shareholder(s) who made the proposal, or representatives of the shareholder(s). The representative's 

authority is documented and confirmed in accordance with the laws of the Russian Federation. 

171

In addition to the items proposed by shareholders to be incorporated in the agenda of the annual General 

Meeting of Shareholders as well as in case of absence of such proposals, the Board of Directors of the 

Company shall be entitled to put any item at its option on the agenda of the General Meeting of Shareholders 

in the process of preparations for the annual General Meeting of Shareholders. 

Persons who have the right to access information (materials) provided for preparation and holding of meeting 

(session) of the Issuer’s highest management body and procedure for granting access to such information 

(materials): 

Pursuant to the Federal Law "On Joint-Stock Companies" and the Articles of Association of the Company, 

these persons are persons who have right to participate in the General Meeting of Shareholders. List of 

persons entitled to participate in the annual General Meeting of Shareholders shall be made on the basis of 

the Company's register of shareholders. 

List of information (materials) to be provided to shareholders in preparation for the General Meeting of 

Shareholders, and the procedure for examination thereof shall be determined by the Board of Directors in 

accordance with the Federal Law "On Joint-Stock Companies". 

The information (materials) to be provided to shareholders in preparation for the General Meeting of 

Shareholders, not later than 20 days, and in case of General Meeting of Shareholders with the agenda 

containing the matter of the Company's restructuring, not later than 30 days before the day of the General 

Meeting of Shareholders should be available for the persons entitled to participate in the annual General 

Meeting of Shareholders, for examination thereof in the premises of the Company's management body or 

other locations specified in the notice of the General Meeting of Shareholders. The information (materials) 

should be available for members of the General Meeting of Shareholders in the course of the General 

Meeting. 

At the request of the person entitled to participate in the annual General Meeting of Shareholders, the 

Company shall provide the person with copies of the documents for a fee. 

The fee charged by the Company for provision of the copies shall not exceed the reproduction cost incurred 

by the Company. Invoice for such payment shall be issued by the Company not later than two (2) business 

days of receipt of the relevant request by shareholder. 

The Company shall provide the shareholder with copies of relevant documents not later than two (2) business 

days of receipt of payment confirmation. 

Procedure for announcement (bringing to the attention of the Issuer's shareholders (members) of resolutions 

taken by the Issuer's highest management body and the voting results: 

Resolutions taken by General Meeting of Shareholders and voting results shall be disclosed at the voting 

General Meeting of Shareholders or communicated in the form of voting report to the persons listed as full 

members in General Meeting of Shareholders within at least 10 days upon the execution of protocol on voting 

results through publication of voting report in the following periodicals: daily paper "Rossiyskaya Gazeta" 

(founded by the Government of the Russian Federation, registration number 302) and "Sol Zemli" (founded 

by OJSC Uralkali, registration number Е-0338). 

8.1.4. Information about commercial organizations with Issuer holding at least 5 per cent of 

authorized (pooled) capital (of share fund) or at least 5 per cent of ordinary stocks 

The list of commercial organizations in which the Issuer holds at least 5 per cent of authorized (pooled) capital 

of (share fund) or at least 5 per cent of ordinary stocks on the date of completion of the last reporting quarter 

Full corporate name: Closed Joint-Stock Company Uralkali-Technology 

Abbreviated corporate name: CJSC Uralkali-Technology 


74 Sverdlova st., Berezniki, Perm Region, 618426 Russia 

INN (Tax ID): 5911045510 



Share of common shares of such a joint-stock company belonging to the Issuer, %: 100 



Full corporate name: Limited Liability Company Vagonnoje Depo Balakhontsy 

172

Abbreviated corporate name: LLC Vagonnoje Depo Balakhontsy 



INN (Tax ID): 5911040568 





Full corporate name: Limited Liability Company Construction and Installation Group Berezniki Mine 

Construction Office 

Abbreviated corporate name: LLC SМТ BSHSU 


Russia, 618400, Perm Region, Berezniki, 8 Lokomotivny pereulok st. 

INN (Tax ID): 5911041265 





Full corporate name: Limited Liability Company Silvinit 

Abbreviated corporate name: LLC Silvinit 


63 Pyatiletki, Berezniki, Perm Region, 618426 Russia 

INN (Tax ID): 5911062723 





Full corporate name: Closed Joint-stock Company Avtotranskali 

Abbreviated corporate name: CJSC Avtotranskali 


618400, Perm Region, Berezniki, 4 Parizhskoy Kommuny st. 

INN (Tax ID): 5911054056 





Full corporate name: Open Joint-Stock Company Baltic Bulk Terminal 

Abbreviated corporate name: OJSC BBT 


198096 Russia, Saint-Petersburg, Ugolnaya gavan, Elevatornaya ploshadka 28-AC 

INN (Tax ID): 7805164692 


173





Full corporate name: Limited Liability Company Satellite-Service 

Abbreviated corporate name: LLC Satellite-Service 



INN (Tax ID): 5902196801 





Full corporate name: Limited Liability Company Media-Sphere 

Abbreviated corporate name: LLC Media-Sphere 


Russia, 618400, Perm Region, Berezniki, 1 Yubileynaya st. 

INN (Tax ID): 5902193864 





Full corporate name: Closed Joint-Stock Company Belarusian Potash Company 

Abbreviated corporate name: CJSC Belarusian Potash Company 


Belarus, Minsk, 2 Melnikayte street, bldg. 1805 a 





Full corporate name: Open Joint-Stock Company Ural Research and Development Institute of Mineral-Salt 

Production 

Abbreviated corporate name: OJSC Galurgy 


Russia, 614002, Perm, 94 Sibirskaya st. 

INN (Tax ID): 5904001952 


Share of issuer in the registered (joint stock) capital (share fund) of the commercial organization, %: 46.14 

Share of common shares of such a joint-stock company belonging to the Issuer, %: 46.14 



Full corporate name: Limited Liability Company Belurs Handels GmbH 

174



Austria, Vienna, 56/9 Gregor-Mendel Strasse 




Full corporate name: Closed Joint-Stock Company Registrator Intraсo 

Abbreviated corporate name: CJSC Registrator Intraco 


Russia, 614990, Perm, 64 Lenina st. 

INN (Tax ID): 5903027161 






Full corporate name: Closed Joint-Stock Company Agrosin Private Limited 

Abbreviated corporate name: CJSC Agrosin Private Limited 


038987 Singapore, 7 Temasek Boulevard 26-03 Suntec Tower One 





Full corporate name: Closed Joint-Stock Company Сentral Company of Ruskhim Financial and Industrial 

Group 

Abbreviated corporate name: CJSC Ruskhim FIG 


Russia, 101851, Moscow, 20 Myasnitskaya st. 

INN (Tax ID): 7701004542 






Full corporate name: Limited Liability Company Material and Technical Supply Enterprise OJSC Silvinit 

Abbreviated corporate name: LLC MTS Enterprise OJSC Silvinit 



INN (Tax ID): 5919470509 



175

Share of common shares of such a joint-stock company belonging to the Issuer, %: 



Full corporate name: Limited Liability Company Silvinit-Transport 




INN (Tax ID): 5919017810 





Full corporate name: Limited Liability Company Vodokanal 

Abbreviated corporate name: LLC Vodokanal 


618507, Perm Region, Solikamsky District, Tokhtuevo, 4 Studencheskaya st. 

INN (Tax ID): 5919004850 





Full corporate name: Limited Liability Company Sol-TV Television Company 

Abbreviated corporate name: LLC Sol-TV Television Company 



INN (Tax ID): 5919007146 





Full corporate name: Limited Liability Company Kama-Mineral 

Abbreviated corporate name: LLC Kama-Mineral 


Russia, 614000, Perm Region, Perm, 5 Sergeya Danshchina st. 

INN (Tax ID): 5903039713 





Full corporate name: Limited Liability Company Silvinit-Capital 

Abbreviated corporate name: LLC Silvinit-Capital 

176



INN (Tax ID): 5919011914 





Full corporate name: Galus Company Limited 

Abbreviated corporate name: Galus Company Limited 


Russia, 199106, Saint-Petersburg, 20 th 7 Liniya st. 

INN (Tax ID): 7805006431 






Full corporate name: Ferchimex, naamloze vennootschap Limited Liability Company 

Abbreviated corporate name: NV Fershymex СА 


Belgium, Antwerpen, Annessensstraat 9-10 





Full corporate name: Closed Joint-Stock Company Solikamsk building trust 

Abbreviated corporate name: CJSC Solikamskstroi 


Russia, 618547, Perm Region, Solikamsk, 19 R. Luxembourg st. 

INN (Tax ID): 5919000870 






Full corporate name: Closed Joint-Stock Company VNII of Galurgy 

Abbreviated corporate name: CJSC VNII of Galurgy 


Russia, 198216, Saint-Petersburg, 2 Narodnogo Opolchenia prospect 

INN (Tax ID): 7805212875 




177



Full corporate name: Uralkali Capital s.a.r.l. 

Abbreviated corporate name: Uralkali Capital s.a.r.l. 


Luxembourg, L-2220, Luxembourg, rue de Neudorf 560, bldg. А 




Full corporate name: Limited Liability Company EN-Resurs 

Abbreviated corporate name: LLC EN-Resurs 



INN (Tax ID): 5911029807 





Full corporate name: Limited Liability Company Tsentr Avtomatizatsii i Izmereniy 

Abbreviated corporate name: LLC Tsentr Avtomatizatsii i Izmereniy 



INN (Tax ID): 5919015242 








Russia, 618426, Perm Region, Berezniki, 74 Sverdlova st. 

INN (Tax ID): 5911065428 





Full corporate name: Closed Joint-Stock Company Interagroinvest 

Abbreviated corporate name: CJSC Interagroinvest 


Russia, 119034, Moscow, 7/15/12 Ostozhenka st., office 71 

INN (Tax ID): 7704195750 

178






Full corporate name: Joint-Stock Company Azot 

Abbreviated corporate name: JSC Azot 


Ukraine, 18014, Cherkassy, 72 Pershotravneva st. 





Full corporate name: Open Joint-Stock Company Mezhregionalnaya Investitsionnaya Kompaniya 

Severozapad-Prikamye 

Abbreviated corporate name: OJSC MIK Severozapad-Prikamye 


Russia, 614006, Perm Region, Berezniki, 64 Sovetskaya st. 

INN (Tax ID): 5902214666 






Full corporate name: Closed Joint-Stock Company Novaya Nedvizhimost 

Abbreviated corporate name: CJSC Novaya nedvizhimost 


618400, Russia, Perm area, Berezniki, 8 Lokomotivny Lane 

INN (Tax ID): 5911052683 






Full corporate name: Limited Liability Company SP "Terminal" 

Abbreviated corporate name: LLC SP Terminal 


68001 Ukraine, town of Ilyichevsk, 1 Pervogo Maya, bldg. C 




179

8.1.5. Information about major transactions made by the Issuer 

For the reporting quarter 

No such transaction within the given period of time 

8.1.6. Information about Issuer rating 

In case of assignment to the Issuer and/or to the securities of the Issuer of the credit rating (ratings) specify for 

each of the known to the Issuer credit ratings for the last completed fiscal year as well as for the period from the 

date of beginning of the current year to the date of completion of the reporting period the following data: 

Rating assignment object: Issuer 

Organization that assigned credit rating 

Full corporate name: Fitch Raitings CIS Ltd 

Abbreviated corporate name: Fitch Raitings CIS Ltd 

Location: 6 Gasheka st., 125047, Moscow, Russian Federation 

Description of the method of assignment of credit rating or address of the Internet site with free access to the 

information on the method of assignment of credit rating: 

http://www.fitchratings.com/ 

Value of credit rating as of the date of completion of reporting quarter: BBB- 

History of change of values of the credit rating for the last completed fiscal year preceding the date of 

completion of the reporting quarter as well as for the period from the date of beginning of the current year to the 

date of completion of the reporting quarter with indication of value of credit rating and the date of assignment 

(change) of credit rating value 

Assignment date Credit rating value 

18.06.2012 BBB- 



Full corporate name: Standard&Poor’s Financial Services LLC 

Abbreviated corporate name: Standard&Poor’s Financial Services LLC 

Location: Moscow, 125009, "Mokhovaya" Business Center, 4/7 Vozdvizhenka street, bldg. 2, 7 th floor 



http://www.standardandpoors.com/ 

Value of credit rating as of the date of completion of reporting quarter: BBB- 






18.06.2012 BBB- 


180


Full corporate name: Moody’s Investors Service Ltd 

Abbreviated corporate name: Moody’s Investors Service Ltd 

Location: Russian Federation, 125047, Moscow, 21 Pervaya Tverskaya-Yamskaya st. 



http://www.moodys.com/ 

Value of credit rating as of the date of completion of reporting quarter: Baa3 






19.06.2012 Baa3 

8.2. Information about each class (type) of Issuer’s shares 

Class of shares: ordinary 

Face value of each share (in RUB): 0.5 

Outstanding shares (number of shares which are not retired or canceled): 2,936,015,891 

Number of additional shares that can be placed or are in the process of placement (number of shares of additional 

issue, state registration of which is executed but in relation to which there is no state registration of report on 

results of additional issue or no notification on results of additional issue in case if in accordance with the 

Federal law "On Securities Market" state registration of report on results of additional issue of shares is not 

realized): 0 

Authorized shares: 1,729,752,095 

Number of shares being on Issuer’s balance: 0 

Supplement shares which can be distributed through conversion of placed securities to be converted into shares 

or via discharge of obligations on Issuer options: 0 

Issues of shares of the given class (type): 

Date of state registration State registration number of the issue 

24.12.1993 56-1п-489 

09.03.1999 1-02-00296-А 

14.10.1999 1-03-00296-А 

27.04.2002 1-04-00296-А 

16.01.2004 1-01-00296-А 

28.04.2011 1-01-00296-А-004D 

28.04.2011 1-01-00296-А-005D 

Rights conferred by shares to their holders: 

1. Shareholder rights to stated dividends. 

Pursuant to clause 6.1. of the Charter of the Company, dividend is part of net profit of the Company to be 

distributed among shareholders in proportion to their existing shares of the respective category and type. 

Pursuant to clause 6.2. of the Articles of Association the Company has the right to take decisions (declare) 

about payout of dividends on placed shares after the first quarter, six months, nine months of the fiscal year 

and (or) whole fiscal year. 

Pursuant to clause 6.3. of the Charter decision on payment (statement) of dividends shall be made by General 

181

Meeting of Shareholders of the Company. Amount of dividends cannot be in excess of the amount 

recommended by the Board of Directors of the Company. 

Decision on payment (statement) of dividends upon the results of the first quarter, half-year and first nine 

months of fiscal year as well as on dividends rate and payout period can be taken within three months upon 

the completion of the corresponding period. Decision on payment of dividends upon the results of financial 

year shall be made along with the approval of distribution of profit for fiscal year reported on. 

Pursuant to the clause 6.4 of the Articles of Association the dividends are paid in money. 

Pursuant to the clause 6.5. of the Articles of Association of the Company, the list of persons eligible for 

dividends shall be made as on the date of preparation the list of persons entitled to participate in General 

Meeting of Shareholders where dividend payment decision is to be taken. In order to make the list of persons 

eligible for dividends a nominee shareholder shall provide data on persons on behalf of whom he holds 

shares. 

Pursuant to the clause 6.6. of the Articles of Association the Company shall have no right to take decision (to 

announce) on payment of dividends and to pay out declared dividends to the extent permitted by the Federal 

Law "On Joint-Stock Companies". 

Pursuant to clause 6.7. of the Articles of Association procedure for distribution and payment of dividends on 

the Company’s shares shall be set out by the Regulations on the Company Dividend Policy to be approved by 

the Board of Directors of the Company. 

2. The rights of shareholder holding ordinary stocks to have voting and full participation within its 

competence in General Meeting of Shareholders. 

Pursuant to the clause 3.1.1. of the Articles of Association the shareholders holding ordinary stocks of the 

Company shall be entitled to have voting and full participation within its competence in General Meeting of 

Shareholders of the Company. 

3. The rights of shareholders to a part of Issuer’s property in case of liquidation of the Issuer. 

Pursuant to the clause 3.1.5. of the Articles of Association of the Company, the shareholders holding ordinary 

stocks of the Company shall have right to a part of property remained after settlements with creditors or to 

value of that part of the assets. 

Other information about shares specified at the Issuer's discretion: 

Directive of the Russian Federal Commission for the Securities Market No. 04-81/р as of January 16, 2004 

combined extra issues of equity securities of OJSC Uralkali which resulted in: 

cancellation of the following state registration numbers assigned to the issues of ordinary registered noncertificated 

shares of OJSC Uralkali: 

56-1п-489 dated 24.12.1993; 

1-02-00296-А dated 09.03.1999; 

1-03-00296-А dated 14.10.1999; 

1-04-00296-А dated 27.04.2002. 

The above mentioned issues of ordinary registered non-certificated shares of OJSC Uralkali are assigned with 

state registration number: 

1-01-00296-А dated 16.01.2004. 

Decision of FSFM of the Russian Federation as of October 20, 2011 combined extra issues of equity 

securities of OJSC Uralkali which resulted in: 

cancellation of the following state registration numbers assigned to the issues of ordinary registered noncertificated 

shares of OJSC Uralkali: 

1-01-00296-А-004D dated 28.04.2011. 

1-01-00296-А-005D dated 28.04.2011. 

The above mentioned issues of ordinary registered non-certificated shares of OJSC Uralkali are assigned with 

state registration number: 

1-01-00296-А dated 16.01.2004. 

Ordinary registered non-certificated shares of OJSC Uralkali (state registration number is 1-01-00296-А as of 

16.01.2004) are included in the list of securities which are admitted to trading by securities market operators: 

Full corporate name of securities market operator: Closed Joint-Stock Company "MICEX Stock Exchange". 

Name of quotation list for corporate securities: Quotation list "A" 

OJSC Uralkali shares in the form of depository receipts are partially in circulation outside the Russian 

Federation. 

Name and location of foreign Issuer holding securities to confirm rights to Issuer’s shares of relevant class 

(type) – THE BANK OF NEW YORK INTERNATIONAL NOMINEES, One Wall Street, New York, N.Y. 

10286 

182

8.3. Information about previous issues of Issuer’s equity securities, except for Issuer’s shares 

8.3.1. Information about issues of securities repaid 

No such issues 

8.3.2. Information about issues of securities not repaid 

Type of securities: exchange bonds 

Form of securities: certificated bonds payable on demand 

Series: БО-01 

Other identification signs of securities: Exchange bonds interest-bearing, certificated, payable on demand, 

inconvertible, with obligatory central storage of BO-01 series, early repayable on demand of holders and at 

Issuer’s option. On 22.05.2012 simultaneously with exclusion from quotation list "Quotation list B" of the 

MICEX Stock Exchange the equities of the Issuer (interest-bearing, certificated, payable on demand 

inconvertible Exchange bonds of series BO-01 with obligatory centralized storage by OJSC Uralkali 

(individual identification number of issue 4В02-01-00296-А 12.01.2011) ) were entered into the list of 

securities "List of non-listed securities". 

The issue of securities was not subject to state registration: Yes 

Issue identification number 4В02-01-00296-А 

Date of identification number assignment: 12.01.2011 

Agency that assigned the identification number: Closed Joint-Stock Company "MICEX Stock Exchange" 

Number of securities issued: 50,000,000 

Number of securities issued at face value: 50,000,000,000 

Face value: 1,000 

In accordance with legislation of the Russian Federation availability of face value of this kind of securities is not 

foreseen: No 

State of securities issued: are in circulation 

No state registration of placement report has been made: Yes 

Number of interest (coupon) periods for which the profits (coupons, interests) for securities issued are paid: 6 

Term (date) of repayment of securities issued: 17.02.2014 

Specified precisely: Yes 

Address of the Internet page on which the text of decision on issue of securities and the prospectus of securities 

are published: www.uralkali.com/upload/iblock/b62/reshenie_bo-01e1m.pdf 

Are there any additional issues of securities: No 

There are no outstanding commitments as per securities issued 

8.4. Information on entity (entities) provided security for the Issuer's bonds with security as well 

as on conditions of securing execution of commitments under bonds of the Issuer with security 

The Issuer did not register prospects of bonds with security, no access to tenders on the exchange bonds stock 

exchange was realized 

8.4.1. Conditions for provision of fulfillment of obligations related to the bonds with mortgage 

covering 

The Issuer has not placed the bonds with mortgage covering where the obligations in relation to the securities 

are not yet fulfilled 

8.5. Information about the organizations in charge of accounting of rights in the Issuer’s issuable 

securities 

Person keeping the register of owners of inscribed securities of the Issuer: registrar 

183

Information about the registrar 

Full corporate name: Closed Joint-Stock Company Registrator Intraсo 

Abbreviated corporate name: CJSC Registrator Intraco 

Location: Russian Federation, Perm, 64 Lenina st. 

INN (Tax ID): 5903027161 


License for keeping the register of holders of securities 

Number: 10-000-1-00272 



Termless 



The date from which the registrar keeps the register of holders of the Issuer's securities: 30.07.1998 

Certified securities of the Issuer with obligatory centralized storage are in circulation 

Depositories 

Full corporate name: Non-bank credit institution National Clearing Depository Closed Joint-Stock Company 

Abbreviated corporate name: NCO CJSC NCD 

Location: Russia, 125009, Moscow, 1/13 Sredniy Kislovskiy pereulok, bldg. 8 

INN (Tax ID): 7702165310 


License for operation in the quality of a depositary on the market of securities 

Number: 177-12042-000100 



Termless 



8.6. Information about the legal acts that govern the matters of capital import and export and 

that can affect the payment of dividends, interest, and other amounts to non-residents 

1.Federal Law "On Currency Regulation and Currency Control" dated 10.12.2003 number 173-ФЗ in the 

acting edition; 

2.Federal Law dated 26.12.1995 No. 208-ФЗ "On joint-stock companies" in the acting edition; 

3.Federal Law "On Foreign Investments in the Russian Federation" dated 09.07.1999 number 160-ФЗ in the 

acting edition; 

4. Federal law "On investment activities in the Russian Federation realized in the form of capital 

investments" as of 25.02.1999 No. 39-ФЗ in the acting edition; 

5. Federal Law "On Securities Market" dated 22.04.1996 number 39-ФЗ in the acting edition; 

6. Federal Law "On Protection of Rights and Lawful Interests of Investors in the Securities Market" dated 

05.03.1999 number 46-ФЗ in acting edition; 

7. Federal Law "On Counteracting Legalization (Money Laundering) of Proceeds from Crime, and Terrorist 

Financing" dated 07.08.2001 number 115-ФЗ in the acting edition; 

8. Customs Code of the Russian Federation, Attachment to the Contract on Customs code of the customs 

union approved by the Resolution of the Interstate Council of Eurasian economic community (higher body of 

184

the customs union) on the level of heads of states as of November 27, 2009, No. 17 

9. Tax Code of the Russian Federation (Part One) dated 31.07.1998 number 146-ФЗ in the acting edition; 

10. Tax Code of the Russian Federation (Part Two) dated 05.08.2000 number 117-ФЗ in the acting edition; 

11. Federal Law of the Russian Federation on ratification of agreements between the Russian Federation and 

foreign countries on avoidance of double taxation, investment protection and the prevention of tax evasion. 

12. Federal Law dated 28.12.2004 number 181-ФЗ "On Ratification of Agreement between the Government 

of the Russian Federation and the Republic of Belarus on the Principles of Levying Indirect Taxes on 

Exports and Imports of Goods, Works and Services" (adopted by State Duma of the Federal Assembly of the 

Russian Federation on 17.12.2004). 

13. Russian Federation Government Resolution dated 20.11.1999 number 1272 "On Foreign Investments 

into the Economy of the Russian Federation with the Use of Funds Held in Special Accounts Type "C" for 

Non-residents". 

14. Decree of the President of the Russian Federation dated 06/10/1994 number 1184 "On Improvement of 

Performance of the Banking System of the Russian Federation" in the acting edition; 

It should be noted that some of the above documents governs, respectively, the issues of exports/imports of 

goods and vehicles, works, services and intellectual property and do not define and/or set the order of 

transfer/payment of dividends and other incomes expressed in money. Thus, these documents do not have a 

direct impact on issues of payment of dividends in cashless form, but indirect impact on this matter is 

potentially possible. 

8.7. Description of the procedure of taxation of return received from the Issuer’s issuable 

securities that are placed and under placement 

Norms of tax legislation regulating the taxation of dividends payable by the Russian organization 

I. At payment of dividends by Russian organization to the Russian organizations – the Residents of the Russian 

Federation. 

TC of the RF, Part I, 

Article 24 of the TC of the RF. Definition of the "Tax agent" Tax agents shall be defined as persons who are 

required under this Code to calculate, withhold from the taxpayer and remit taxes to the corresponding budget. 

TC of the RF, Part II, Chapter 25. 

Article 275 of the TC of the RF. The organization that pays dividends (the source of income) shall be recognized as 

tax agent (it should withhold from the taxpayer and remit to the budget tax amount related to tax on participation in the other 

organizations). 

Article TC of the RF, Art. 284 – Tax rates 

c. 3 subclause 1) 0% on incomes derived in the form of dividends from Russian organisations provided that at the 

day of decision making related to the payment of dividends the organization, which collects dividends, continuously owns at 

least 50% holding (share) in the authorized (share) capital (fund) of the organization that pays dividends or depository 

receipts that give right to collect dividends equal to at least 50% of aggregate sum of dividends paid by the organization as a 

property within, at least, 365 days, and provided that the cost of acquisition or receipt in form of property in accordance with 

the legislation of Russian Federation of holding (share) in the authorized (share) capital (fund) of the organization that pays 

dividends or depository receipts that give right to collect dividends exceeds 500 million rubles. 

c. 3 subclause 2) 9% on incomes derived in the form of dividends from Russian organizations by Russian 

organizations and natural persons who are tax residents of the Russian Federation not mentioned in subcl. 1. 

Article Art. 225 c. 4 of the TC of the RF. Income tax paid out to taxpayers in the form of dividends, which is 

withheld in the payment of the income, shall be transferred to the budget by the tax agent who has effected the payment 

within ten days from the day of paying out the income. 

Art. 275 cl. 2 of the TC of the RF. The sum of the tax subject to withholding from the incomes of the taxpayer 

receiving the dividends shall in this case be calculated according to the formula: 

T = K x Tr x (d - D), 

where: 

185

T – the sum of the tax subject to withholding; 

K – the difference of sum of dividends paid to the taxpayer and the total sum of dividends subject to distribution by 

the tax agent; 

Tr – tax rate established by subclauses 1 and 2 of clause 3 of Article 284 of this Code; 

d – total sum of dividends subject to distribution by the tax agent subject to distribution between shareholders 

(members); 

D – total sum of dividends received by the tax agent in the current reporting (tax) period (except for dividends 

described in subclause 1 clause 3 of the Article 284 this Code) by the time of distribution between shareholders (members), if 

these sums of the dividends have not previously participated in the calculations for determining taxable incomes in the form 

of dividends. 

1.2. If the Russian tax organization pays out dividends to a foreign legal entity without permanent representative 

office in the Russian Federation (non-residents). 


Article 24 of the TC of the RF. Tax agents shall be defined as persons who are required under this Code to calculate, 

withhold from the taxpayer and remit taxes to the corresponding budget. 


Article Art. 309 clause 4 subclause 1 of the TC of the RF. The dividends paid out to foreign organizations who are 

shareholders (partners) of Russian organizations shall be subject to levying with tax to be withheld from the source of the 

payment (i.e. the Russian organization is the tax agent). 

Article Art. 284 clause 3 subclause 3 of the TC of the RF. Tax rate of 15% – on incomes derived in the form of 

dividends from Russian organizations by foreign organizations. 

Article Art. 225 c. 4 of the TC of the RF. Income tax paid out to taxpayers in the form of dividends, which is 

withheld in the payment of the income, shall be transferred to the budget by the tax agent who has effected the payment 

within ten days from the day of paying out the income. 

Article 310 c. 3 of the TC of the RF. If double taxation treaty is signed, the tax is withheld at reduced rates 

PROVIDED THAT foreign organization presents to the tax agent the confirmations stipulated by clause 1 of Article 312 of 

this Code. 

Article 312 c. 1 of the TC of the RF. When applying provisions of double taxation treaties the foreign organization 

shall submit to the tax agent the confirmation of the fact that the foreign organization has a permanent place of location in the 

state with which the Russian Federation has signed a treaty regulating the questions of taxation certified by a competent body 

of the corresponding foreign state. (Competent body is mentioned in double taxation treaties). 

2. Taxation of securities 

TC of the RF, Part II, Chapter 25 

2.1. Peculiarities of definition of tax base related to the securities business 

Article Art. 280 cl. 2 of the TC of the RF. The taxpayer's incomes from transactions involved in sale or in some other 

form of the withdrawal of securities (redemption included) shall be defined proceeding from the price of sale or the other 

form of withdrawal of a security, as well as from the sum of the accumulated (coupon) income paid by the purchaser to the 

taxpayer, and from the sum of the interest (coupon) income paid out to the taxpayer by the Issuer (by the bill giver). In this 

case, into the taxpayer's income from sale or from another form of the withdrawal of securities shall not be included to sums 

of interest (coupon) income earlier calculated during the taxation. 

Taxpayer's income from operations of sale or other disposal of securities (redemption included) denominated in 

foreign currencies shall be determined by the rate of the Bank of Russia on the date of transfer of ownership or on the date of 

redemption. 

In the event of withdrawal (sale, repayment or exchange) of an investment share of a unit fund which does not 

circulate on the organized market, the estimated cost of the investment share determined according to the procedure 

established by the legislation of the Russian Federation on investment funds shall be recognized as the market price thereof. 

The outlays made on the sale (or on another form of the withdrawal) of securities, including investment shares of a 

unit fund, shall be defined proceeding from the price of acquisition of the security (including the outlays on the acquisition 

thereof), from the expenditures on the sale thereof, from the amount of discounts on the estimated cost of investment shares 

and from the sums of the accumulated interest (coupon) income paid up by the taxpayer to the seller of the security. In this 

case, into the outlays shall not be included the sums of the accumulated interest (coupon) income earlier recorded in taxation. 

186

At the estimation of expenses related to sale or in some other form of the withdrawal of securities (redemption 

included), the price of acquisition of the security nominated in foreign currency (acquisition costs included) is determined in 

accordance to Russian Central Bank exchange rates as of the registration of this security. Current revaluation of securities 

nominated in foreign currency was not settled. 

At the sale of shares given to the shareholders during the reorganization of the organizations, the price of acquisition 

of these shares is determined in accordance with c. 4-6 of the Article 277 of the TC of the RF. 

Article 280 c. 3 of the TC of the RF. For the purposes of this Chapter, securities shall be recognized as circulating on 

the organized securities market only if the following conditions are simultaneously observed: 

1) if they are admitted into circulation by any one of the trade instituters who has the right to do so in accordance with 

national legislation; 

2) if information about their prices (quotations) is published in the mass media (including electronic ones), or if it may 

be supplied by the trade instituter or by another authorized person to any interested person in the course of three years after 

the date of transactions with the securities; 

3) if the market quotation is calculated according them, when this is provided by corresponding national legislation. 

For the purposes of this Chapter the national legislation is the legislation of the country where the securities are 

circulating (civil transactions, which involve the transition of ownership rights for securities, including the transactions 

beyond the organized market). 

Article 280 c. 4 of the TC of the RF. For the purposes of this Chapter market quotation of the security is the average 

weighted price of the security for transactions made within a trading day through the trade instituter. If the transactions with 

the same security were settled through two or more trade instituters, the taxpayer in his own discretion shall have the right to 

choose the market quotation formed by one of the trade instituters. If the trade instituter does not calculate the weighted 

average price, for the purposes of this Chapter average weighted price shall be half of the sum of the maximum and minimum 

price of the transactions settled in the course of the trading day through this trade instituter. 

Interest (coupon) income is the part of the interest (coupon) income, the payment of which is stipulated by the terms of 

the issue of such security and calculated proportionally with the number of days which have passed from the date of issue of 

the security or from the date of payment of the previous coupon income to the day of settlement of the transaction (to the date 

of transfer of the security). 

Article Art. 280 c. 5 of the TC of the RF. For the purposes of taxation, the market price of securities circulating on 

the organized securities market shall be the actual price of sale or another form of the withdrawal of securities, if this price 

lies in the interval between the minimum and the maximum price of the deals (price interval) with the mentioned security, 

registered by the trade instituter on the securities market as on the date of settlement of corresponding transaction. If the 

transaction is settled through the trade instituter, the date of settlement of the transaction is the date of bidding, where the 

corresponding transaction with the security was finalized. If the security was sold beyond the organized securities market, the 

date of settlement of the transaction is the date of definition of all provisions related to the transfer of this security, i.e. 

signing of the contract. 

For the purposes of taxation if the transactions with the same security were settled through two or more trade 

instituters, the taxpayer in his own discretion shall have the right to choose the market quotation formed by one of the trade 

instituters. 

If there is no information about the trade instituters' price intervals as on the date of transaction settlement, the 

taxpayer shall accept the price interval of the sale of these securities in accordance with the data supplied by the trade 

instituters on the securities market for the date of the nearest bidding which takes place before the day of transaction 

settlement, even if the bidding on these securities was held by the trade instituter only once in the course of the previous 12 

months. 

If the taxpayer observes the above mentioned procedure, the actual price of the sale or another form of the withdrawal 

of the securities in the corresponding price interval shall be accepted as the market price for the purposes of taxation. 

In the event of sale of securities circulating on the organized securities market at the price lower that the minimum 

price of transactions on the organized securities market, the minimum price of transaction shall be accepted for determining 

the financial result. 

Article Art. 280 c. 6 of the TC of the RF. As for the securities, which are not circulating on the organized securities 

market, the actual price of their sale or another form of the withdrawal of the given securities shall be accepted for the 

purposes of taxation if any of the following conditions are fulfilled: 

1) if the actual price of the corresponding transaction lies within the price interval of similar (identical, homogeneous) 

security, registered by the trade instituters on the securities market as on the date of transaction settlement or as on the date of 

the nearest bidding which took place before the settlement of the corresponding transaction, if the bidding on these securities 

was held by the trade instituters even once in within the last 12 months; 

2) if the deviation of the actual price of the corresponding transaction is within the limit of 20% towards a rise or fall 

from the weighted average price of similar (identical, homogeneous) security calculated by the trade instituter on the 

securities market in conformity with the rules he has established according to the results of the bidding as on the date of 

transaction settlement or as on the date of the nearest bidding which took place before the settlement of the corresponding 

transaction, if the bidding on these securities was held by the trade instituters even once in within the last 12 months. 

If there is no information about the results of bidding on similar (identical, homogeneous) securities, the actual price of 

187

the transaction shall be accepted for the purposes of taxation, if the aforesaid price differs by no more than 20% from the 

settlement price of this security, which may be defined as on the date of transaction settlement, with due consideration of the 

fine print of the transaction settled, the peculiarities of its circulation and price of the security, as well as the other indices, 

information about which may serve as basis for such calculation. The taxpayer may calculate security settlement price on his 

own with the help of valuator using valuation methods stipulated by the legislation of the Russian Federation. He may also 

use refinancing rate of the Central Bank of the Russian Federation. If the taxpayer defines the settlement price on his own, he 

should include the method used to his accounting policy. 

Article Art. 280 c. 7 of the TC of the RF. The tax paying shareholder who sells the shares received when the charter 

capital of the joint-stock company was increased, shall define the income as the difference between the sale price and the 

originally remunerated cost of the share, adjusted with due consideration of the change in the number of shares resulting from 

the increase of charter capital. 

Article Art. 280 c. 8 of the TC of the RF. The tax base on transactions with securities shall be defined by the every 

taxpayer separately, with the exception of the tax base related to the transactions with securities, which shall be defined by 

professional securities market traders. Taxpayers (with the exception of professional market traders carrying out dealer 

activity) shall define the tax base on transactions with securities circulating on the organized securities market, apart from the 

tax base related to the transactions with securities which are not circulating on the organized securities market. 

Professional members of the securities market (including banks) which are not engaged in dealer activities, for the 

purposes of taxation shall determine in their accounting policy the procedure for formation of the tax base with regard to 

securities business on the organized securities market and the tax base with regard to securities business not circulating on the 

organized securities market. 

At that, the taxpayer shall independently choose the types of securities (both circulating and not circulating on the 

securities market) in respect of transactions with which other receipts and expenditures, which are determined in compliance 

with this Chapter, shall be included in the composition of receipts and expenditures during the formation of the tax base. 

Article Art. 280 c. 9 of the TC of the RF. In case of sale or other withdrawal of securities the taxpayer shall, 

independently and in compliance with the accounting policy adopted for purposes of taxation, select one of the following 

methods of writing-off the value of the withdrawn securities: 

1) by value of the first acquisitions in time (FIFO): 

2) by value of the last acquisitions in time (LIFO); 

3) by unit value. 

2.2. Tax rates 

Article Art. 284 c. 1 of the TC of the RF (paragraph 4), Art. 15 of the Law of Perm Region No. 1685-296 as of 

August 30, 2001 "On taxation in the Perm Region" Income tax rate during the sale of securities – 20% (unless otherwise 

stipulated by the TC of the RF). 

Article Art. 284 c. 4 subclause 1 of the TC of the RF. Tax rate 15% – on income in the form of interest on state and 

municipal securities, terms of issue and circulation of which involve the receipt of income in the form of interest. 

Article Art. 284 c. 4 subclause 2 of the TC of the RF. Tax rate 9% – on income in the form of interest on the state 

and municipal securities, issued at least three years before January 01, 2007, as well as on mortgage-backed securities, issued 

before January 01, 2007. 

Article Art. 284 c. 4 subclause 3 of the TC of the RF. Tax rate 0% – on income in the form of interest on the state 

and municipal securities, issued before January 20, 1997 inclusively, and income in the form of interest on state monetary 

loan securities of 1999, issued during the novation of internal state monetary loan of series III. 

2.3. Due dates for payment of taxes to the budget 

Article 287 c. 1 of the TC of the RF. Transactions related to disposal of securities are participating in the formation 

of taxable income, therefore payments at the end of reporting period (month) are made not later than 28 days from the end of 

the corresponding reporting period. Tax payable at the end of tax period (year) is paid not later than March 28 of the 

following tax period. 

Article Art. 287 c. 4 of the TC of the RF. 

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1) Tax on incomes paid out to taxpayers in the form of interest on state and municipal securities, which is 

withheld in the payment of the income, shall be transferred to the budget by the tax agent, who has made the payment within 

10 days from the day of paying out the income. 

2) Tax on incomes from the state and municipal securities in circulation where the accumulated interest 

(coupon) yields are deducted from the price of transactions of recipient of income, liable to taxation in accordance with c. 4 

of Article 284 of the TC, shall be paid to the budget by the tax paying recipient of income within 10 days after the end of the 

month of the corresponding reporting (tax) period in which the said income was derived according to the dates recognized as 

the dates of acquisition of income in accordance with Articles 271 and 273 of the TC of the RF. 

II. Norms of tax legislation of the RF that regulate the taxation of dividends paid out by the Russian organization 

to natural persons, who are residents and non-residents of the Russian Federation 


Article 24 of the TC of the RF. Definition of the "Tax agent" Tax agents shall be defined as persons who are required under 

this Code to calculate, withhold from the taxpayer and remit taxes to the corresponding budget. 


Article 207 of the TC of the RF. Taxpayers of the personal income tax shall be defined as natural persons being tax 

residents of the Russian Federation and also natural persons receiving incomes from sources in the Russian Federation who 

are not tax residents of the Russian Federation. 

Art. 214 c. 2 of the TC of the RF. If the source of the taxpayer's income received in the form of dividends is a Russian 

organization, this organization shall be recognized as a tax agent and shall define the sum of the tax separately for every 

taxpayer as concerns every payment of the said incomes in accordance with the rate stipulated by c. 4 of Article 224 of TC of 

the RF, and with the order stipulated by Article 275 of TC of the RF. 

Article 224 c. 4 of the TC of the RF. The tax rate with respect to the incomes from the share participation in the 

activity of organizations received in the form of dividends by the physical entities that are tax residents of the Russian 

Federation shall be 9%. 


Art. 275 c. 2 of the TC of the RF. Calculation of tax amount subject to withholding from the income of the taxpayer, who is 

the resident of the RF and the recipient of dividends: 

If the source of the taxpayer's income is a Russian organization, this organization shall be recognized as a tax agent 

and shall define the sum of the tax with due consideration of the provisions of this clause. 

The sum of the tax subject to withholding from the incomes of the taxpayer receiving the dividends shall in this case 

be calculated according to the formula: 

T = K x Tr x (d - D), 

where: 

T – the sum of the tax subject to withholding; 

K – the difference of sum of dividends paid to the taxpayer and the total sum of dividends subject to distribution by 

the tax agent; 

Tr – tax rate established by clause 4 of Article 224 of this Code; 

d – total sum of dividends subject to distribution by the tax agent subject to distribution between shareholders 

(members); 

D – total sum of dividends received by the tax agent in the current reporting (tax) period (except for dividends 

described in subclause 1 clause 3 of the Article 284 this Code) by the time of distribution between shareholders (members), if 

these sums of the dividends have not previously participated in the calculations for determining taxable incomes in the form 

of dividends. If T is negative, the tax shall not be paid and remuneration from the budget shall not be provided. 

Article 284. c. 3 of the TC of the RF. The following tax rates are applied to tax base that is defined in accordance 

with income in form of dividends: 

1) 0% on incomes derived in the form of dividends from Russian organizations provided that at the day of decision 

making related to the payment of dividends the organization, which collects dividends, continuously owns at least 50% 

holding (share) in the authorized (share) capital (fund) of the organization that pays dividends or depository receipts that give 

right to collect dividends equal to at least 50% of aggregate sum of dividends paid by the organization as a property within, at 

least, 365 days. 

Art. 275 c. 3 of the TC of the RF. If the Russian tax agent pays out dividends to a natural person who is not a resident of 

the Russian Federation, the tax base for the tax paying recipient of dividends for every such payment shall be defined as the 

sum of the paid out dividends, and the rate stipulated by c. 3 of Article 224 of this Code accordingly shall be applied to it. 

189


Article 224 c. 3 of the TC of the RF. The tax rate shall be established in the amount of 30% with respect to all the 

incomes received by natural persons who are not tax residents of the Russian Federation, except for incomes in the form of 

dividends related to the participation in Russian organizations. In the latter case the tax rate shall be 15%. 

TC of the RF, Part I, Chapter 1. 

Art. 7 of the TC of the RF. If a tax treaty of the Russian Federation, which contains provisions concerning taxation and fees, 

stipulates rules and standards other than those provided by the TC of the RF or laws and other regulatory legal acts on taxes 

and/or fees adopted in accordance with it, the rules and standards of tax treaties of the Russian Federation shall prevail. 


Art. 225 c. 4 of the TC of the RF. The tax shall be given in whole rubles. The amount of tax less than 50 kopecks shall be 

rounded down, and 50 kopecks or more shall be rounded to ruble. 

Article 226 c. 6 of the TC of the RF. Tax agents shall transfer the amounts of calculated and withheld tax not later the day 

of receipt of cash amounts to pay out the income in the bank, and also the day of transfer of income from bank accounts of 

tax agents to accounts of the taxpayer or to bank accounts of third persons on his behalf. 

In other cases, tax agents shall transfer the calculated and withheld tax no later than the day following the day of 

receipt of the income by the taxpayer, – for incomes disbursed in cash and also the day following the actual deduction of the 

calculated amount of tax – for incomes paid out in cash, by the taxpayer in kind or in a form of financial assistance. 

8.8. Information about dividends declared (accrued) and paid on the Issuer’s shares, and about 

the yield on the Issuer’s bonds 

8.8.1. Information on declared and paid dividends for shares of the Issuer 

Dividend period 

Year: 2007 

Period: 1 full year 

The Issuer's management body which adopted the decision to declare the dividends: General Meeting of 

Shareholders (members) 

Date of meeting of management body of the Issuer when the decision regarding the payment of dividends was 

adopted (declared): 18.06.2008 

Date of listing of persons, who have the right for dividends related to this dividend period: 13.05.2008 

Date of the Minutes: 18.06.2008 


Category (type) of shares: ordinary 

The amount of declared dividends per one share of this category (type), rubles: 1.9 

Amount of declared dividends for all shares of this category (type), rubles: 4,036,341,000 

Total amount of dividends paid on all shares of one category (type), rubles: 4,036,329,119.7 

Source of payment of declared dividends: net profit of 2007 

Share of declared dividends in net profit of the reporting year, %: 67.13 

Share of paid dividends in the total amount of declared dividends by shares of this category (type), %: 99.99 

Period of payment of declared dividends on Issuer’s shares: 

within 60 days from the date of decision regarding the payment of dividends 

Form and other provisions of payment of declared dividends on Issuer’s shares: 

monetary funds 

Declared dividends on Issuer’s shares were not paid out in full 

Reasons for nonpayment of declared dividends: 

Declared dividends were not paid out in full because of incorrect, incomplete, outdated bank account data of 

the shareholders, specified in questionnaires of registered persons. Besides, the dividends were not paid out to 

190

the shareholders owning personal accounts with "securities of unidentified persons" status and shareholders, 

who haven't specified the form of payment of income related to securities in questionnaire of registered 

person. 


Year: 2008 

Period: 6 months 









The amount of declared dividends per one share of this category (type), rubles: 4 



Source of payment of declared dividends: net profit for 6 months of 2008 











the shareholders, who haven't specified the form of payment of income related to securities in questionnaire 

of registered person. 


Year: 2009 













Source of payment of declared dividends: net profit of 2009, non-distributed net profit of the previous years 

191

Share of declared dividends in net profit of the reporting year, %: 100 








Declared dividends were not paid out in full because the dividends should be paid within 60 days from the 

date of decision regarding the payment of dividends. 


Year: 2010 











Amount of declared dividends for all shares of this category (type), rubles: 14,080,050,420.799999 

Total amount of dividends paid on all shares of one category (type), rubles: 14,037,120,331 














person. 


Year: 2011 






192








Source of payment of declared dividends: non-distributed net profit from previous years 

Share of declared dividends in net profit of the reporting year, %: 












person. 


Year: 2011 
























193



person. 

Period of payment of dividends the source of which was the undistributed net income of the previous years, in 

case of absence in the minutes, of the body which made a decision on such a payment, instructions for the 

periods over which the dividends are paid is considered to be the quarter when solution of such a payment 

was made. 

8.8.2. Information on the accrued and/or paid income for securities of the issuer 

Type of securities: bonds 

Form of securities: registered, uncertificated 

Series: БО-01 

Exchange bonds interest-bearing, certificated, payable on demand, inconvertible, with obligatory central 

storage of БО-01 series, early repayable on demand of holders and at Issuer’s option. 

State registration number of the issue: 

State registration date of the issue: 

Authority of state registration of the issue: 

No state registration of placement report has been made 

Issue identification number 4В02-01-00296-А; date of identification number assignment: 12.01.2011; agency 

that assigned the identification number: Closed Joint-Stock Company "MICEX Stock Exchange" 

Number of bonds issued: 50,000,000 

Face value of each bond in the issue, RUB: 1,000 

Number of securities issued at face value: 50,000,000,000 

Basic information about the bond yield of the issue: 

Indicator Values 

kind of securities (bonds), series, form and БО-01 

other identification signs of issue of the bonds 

state registration number of bonds issue and the 4B02-01-00296-A dated January 12, 2011. 

date of its state registration (identification 

number of issue of bonds and date of its 

assignment in case if the issue of bonds was not 

subject to state registration) 

kind of profits paid under bonds of the issue 

(nominal cost, interest (coupon), other) 

amount of profits which are to be paid under 

bonds of the issue, in monetary terms, 

calculated for one bond of the issue, 

rubles/foreign currency 

amount of profits which are to be paid under 

bonds of the issue, in monetary terms, 

calculated for all the bonds of the issue, 

rubles/foreign currency 

Coupon profit 

August 22, 2011 OJSC Uralkali paid out coupon yield on 

Exchange bonds series БО-01, identification number 4В02-01-00296-А 

dated 12.01.2011 (hereinafter referred as to the "Bonds"), and repurchased 

29,999,993 Bonds at the price of 103% of the face value. 

In relation to payment of the coupon profit and repurchase of 

bonds, the holders of bonds that submitted bonds for repurchase on 

August 22, 2011 were paid: 

per one bond – 71.14 rubles 

for all the repurchases bonds – 2,134,199,502.02 rubles. 

In relation to payment of the coupon profit, the holders of bonds 

that did not submit bonds for repurchase on August 22, 2011 were paid: 

per one bond – 41.14 rubles 

for all the non-repurchased bonds – 287.98 rubles. 

February 22, 2012 OJSC Uralkali realized payment of coupon profit 

194

specified term (date) of payment of profits 

under bonds of the issue 

Form of payment of income from the bonds of 

the issue (monetary funds, other property) 

overall amount of profits paid for all the bonds 

of the issue, rubles/foreign currency 

share of paid profits for the bonds of the issue 

in the total amount of profits under bonds of the 

issue that are to be repaid, % 

in case if the profits for the bonds of the issue 

that are subject for repayment were not paid or 

were not paid by the issuer in full, the reasons 

of non-payment of such profits 

Number of bonds in circulation as of 30.09.2012 – 7 pieces. 

Volume by nominal price 7,000 rubles. 

8.9. Other information 

under bonds: 

calculated per one bond – 41.14 rubles 

for all the bonds – 287.98 rubles. 

August 17, 2012 OJSC Uralkali realized payment of coupon profit under 

bonds: 

calculated per one bond – 41.14 rubles 

for all the bonds – 287.98 rubles. 

22.08.2011 

22.02.2012 

20.08.2012 

18.02.2013 

19.08.2013 

17.02.2014 

in monetary form by non-cash transfer in the currency of the Russian 

Federation 

2,134,200,365.96 rubles 

100% 

Specified event did not occur 

8.10. Information about the securities presented and about the Issuer of the securities presented, 

the title in which is certified by Russian depositary receipts 

The Issuer is not the Issuer of above mentioned securities, ownership of which is certified by the Russian 

depositary receipts. 

195

QUARTERLY REPORT Open Joint-Stock Company Uralkali for the ...

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