EUROCHEM SIGNS €660 MILLION EPC CONTRACT WITH MAIRE TECNIMONT FOR NEW AMMONIA PLANT IN RUSSIA

• EPC contract signed for a 2,700 tpd ammonia plant in Kingisepp, Russia

• The contract value is approximately €660M, out of which SACE will provide a €575M loan guarantee to EuroChem

• The Kingisepp  ammonia plant is the first of five ammonia-urea plantsto be constructedunder the Memorandum of Understanding signed between EuroChem, Maire Tecnimont and SACE in April 2015

 EuroChem Group AG (“EuroChem”), a leading global agrochemical company, and Maire Tecnimont Group (“Maire Tecnimont”), a technology, engineering and contracting player in the hydrocarbon industry, today jointly announce the signing of an Engineering, Procurement and Construction (“EPC”) contract for a new ammonia plant (the “Project”) in Kingisepp, Russia.