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EuroChem announces willingness to acquire Yaibera Holdings Limited

Moscow, April 28, 2011 – OJSC “Mineral and Chemical Company “EuroChem” (“EuroChem” or “the Company”) announced today that a EuroChem-led group of investors has indicated its willingness to acquire 100% of Cyprus-based Yaibera Holdings Limited (“Yaibera”). Yaibera owns 79.6% of OJSC Minudobreniya (“Rossosh”), a large Russian mineral fertilizer producer. The offer is based on a cash-free, debt-free valuation of 100% of the shares of Rossosh of USD 1,300m. The offer to this effect was circulated earlier today to Yara International ASA, a 37.7% shareholder in Yaibera in accordance with the latest disclosed information. The offer is for the whole of the issued share capital of Yaibera only.

K&L Gates, an international law firm, is acting as EuroChem’s legal counsel.

EuroChem is one of the world’s top ten agrochemical companies by capacity. Vertically integrated with activities spanning from mining to logistics and distribution, EuroChem focuses on nitrogen and phosphate fertilizer production and holds licenses to develop potash reserves in Russia which entitle it to the fifth-largest volume of proven and probable potash reserves globally.

Its main production assets include the Nevinnomysskiy Azot, Novomoskovskiy Azot, Phosphorit, EuroChem – BMU, and Kovdorskiy GOK facilities in Russia and the Lifosa plant in Lithuania.

For further information, please contact:

Investors
Olivier Harvey
Phone: +7 495 795 25 27 ext 1519
Fax: +7 495 960 22 93
Email: ir@eurochem.ru

Media:
Vladimir Torin
Head of Public Relations
Phone: +7 495 795 25 27 ext. 1440
Fax: +7 495 960 22 93
Email: pr@eurochem.ru

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