Lifosa AB - Notification on material event

Ruling of the Lithuanian Court of Appeal

On March 17, 2011 Lithuanian Court of Appeal annulled by its ruling the rulings
of Panevėžys Regional Court, dtd. September 13 and September 14, 2010 to stop a
mandatory AB Lifosa redemption process launched by the defendants JSC "Mineral& Chemical Company "EuroChem" and EuroChem A.M. Limited until the court ruling
comes into force. The matter was resolved in principle and rejected the
applicants' A. Š., L. D. and V. N. requests for interim measures. 


         Regvita Ivanovienė
         Chief Financial Officer
         +370-347-66331