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Standard & Poor’s confirms EuroChem’s corporate credit rating at BB/STABLE

In its report published October 31, 2011, S&P highlighted EuroChem’s adequate liquidity, moderate financial policy, supportive industry trends, and advantageous cost competitiveness as key factors supporting the rating. EuroChem’s significant capex plans and Russia’s country risk were flagged as limiting positive actions in the medium term, while a further broadening of the product portfolio or significant new equity could support a higher rating over time.

S&P’s full report on EuroChem is available from the rating agency at www.standardandpoors.com

EuroChem is a top ten agrochemical company globally by nutrient capacity, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore.

EuroChem’s main manufacturing assets include the Nevinnomysskiy Azot, Novomoskovskiy Azot, Phosphorit, EuroChem – BMU, and Kovdorskiy GOK facilities in Russia and Lifosa in Lithuania. The Group is vertically integrated with activities spanning from mining to fertilizer production, logistics, and distribution. EuroChem holds licenses to develop potash reserves in Russia which entitle it to an estimated fifth-largest volume of potash reserves globally.

For further information, please visit www.eurochem.ru or contact:

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

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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