Zug, Switzerland, March 16, 2022 – EuroChem Group AG, a leading global fertilizer producer, announces that Vladimir Rashevskiy has resigned as Chief Executive Officer, effective March 15, 2022.

The European Union on Tuesday extended sanctions to Mr. Rashevskiy and 14 other prominent business figures from Russia.

While the move lacks any conceivable justification, Mr. Rashevskiy has stepped down in order to ensure the smooth running of the business and to help EuroChem continue underpinning global food security for millions of people worldwide.

He has also resigned as Member of the Board of Directors, effective March 15, 2022.

Announcements on new appointments will be made in due course.

EuroChem’s commitment to its thousands of employees and customers worldwide remains steadfast.

About EuroChem

EuroChem is a leading global fertilizer producer, and one of only three companies worldwide with manufacturing capacity in all three primary nutrient groups: nitrogen, phosphates and potash. A vertically integrated company, EuroChem is expanding its production and distribution capacities in key regions around the world. The company’s growth is primarily driven by the ramp-up of two large-scale potash projects and new state-of-the-art ammonia and urea facilities, and underpinned by an operational efficiency drive across the full value chain. The Group has key manufacturing facilities in Russia, Belgium, Kazakhstan, and Lithuania, employing more than 27,000 people in 40 countries, and with a product reach of more than 100 countries.