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Uralkali completes buyback program

said April 7 thatit completed its open market buyback program, repurchasing 28,944,071 shares inMarch, as it seeks a smooth transition from a dual listing in London and Moscowto a listing in Russia only.

Sincethe start of the buyback program in November last year, Uralkali bought back atotal of 101,117,702 shares and 8,506,136 global depositary receipts, representing4.89% of its share capital. Uralkali CFO Anton Vishanenko previously said thatthe company plans to buy back as much as 6.5% of its share capital on the openmarket.

Asof April 7, the free float of Uralkali's shares — including shares representedby GDRs — constituted 8.96% of its share capital, which is below the free floatrequirement for the Level 1 quotation list on the Moscow Exchange.