JSC Uralkali announces its financial results for the year ended 31 December
2007, prepared under IFRS.
Key highlights:
- Revenues were 29.5 billion rubles, 32.3% above 2006 (RUR 22.29 billion)
- Net Sales(1) were 22.7 billion rubles, 36% above 2006 (RUR 16.7 billion)
- Adjusted EBITDA(2) was 12.1 billion rubles, 41% above 2006 (RUR 8.6 billion)
- Adjusted EBITDA margin(3) was 53%, up by 2% from 2006 level
- Net profit was 8.05 billion rubles, 130% above 2006 (RUR 3.5 billion)
- Potash sales volume increased by 17% to 5.1 million tonnes

Vladislav Baumgertner, President, General Director of Uralkali:
"2007 was a strong year for growth at Uralkali; our cost reduction program,
increased potash prices and new customer contracts have all lead to increased
profit margins. Our strong position in the market and the continuing rise in
potash prices promise another successful year ahead."

Consolidated financial statements are now available on Uralkali website
(www.uralkali.com). These financial statements have been audited by ZAO
PricewaterhouseCoopers.

Notes:
1. Net Sales represent adjusted sales (sales net of freight, railway tariff and
transhipment costs)
2. Adjusted EBITDA is calculated as operating profit plus depreciation and
amortisation, and does not include Mine flooding costs
3. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Net Sales