OREANDA-NEWS. On 29 August 2016 Uralkali held its Extraordinary General Meeting of Shareholders (EGM) where following decision has been made:

The EGM approved interested-party major transaction (a number of interrelated transactions) — placement of the Company’s Exchange Traded Bonds in favour of JSC Uralkali-Technology with a total nominal value of US$ 800 million and with a value of US$ 1000 per one bond. The placement may be effected through one or several issuances with maturity date of the last issuance falling no later than on 23 March 2023. The coupon(s) is(are) determined in accordance with the Exchange Traded Bonds Programme. The purpose of this placement is to replace the Company’s shares with the Exchange Traded Bonds in the US$ 800 million REPO deal signed on 23 September 2015 between JSC Uralkali-Technology and JSC VTB Capital with termination of pledge over the Company’s GDRs securing the REPO deal.