Correction: Notice of FY2012 IFRS and 1Q2013 Op. Results

OJSC PHOSAGRO - Correction: Notice of FY2012 IFRS and 1Q2013 Op. Results

PR Newswire

London, April 23

New time for call/webcast: 13:00 London time (16:00 Moscow; 08:00 New York)

NEW TIME: PhosAgro FY 2012 IFRS Earnings and 1Q 2013 Operating ResultsAnnouncement Date

On 24 April 2013 PhosAgro will announce its audited consolidated IFRS financialresults for the full year ended 31 December 2012 and its operating results forthe three months ended 31 March 2013. The Company will host a conference calland webcast to discuss the results the same day at 13:00 London time (16:00Moscow; 08:00 New York).

PhosAgro CEO Maxim Volkov will answer questions from conference call andwebcast participants after a presentation of the results.

The call will be held in English, with simultaneous translation into Russian ona separate line. Participants will be required to tell the operator theirpreferred language when dialling in.

Webcast links:

English: http://www.media-server.com/m/p/mqkr3223/lan/enRussian:http://www.media-server.com/m/p/mqkr3223/lan/ru

Conference call password: PhosAgro

A replay of the webcast and conference call in Russian and English, as well asa transcript in English, will be made available on PhosAgro's website shortlyafter the call.

For further information please contact:

OJSC PhosAgro

PhosAgro is one of the leading global vertically integrated phosphate-basedfertiliser producers. The Company focuses on the production of phosphate-basedfertilisers, feed phosphate and high-grade phosphate rock (P2O5 content of notless than 39%), as well as ammonia and nitrogen-based fertilisers. The Companyis the largest phosphate-based fertiliser producer in Europe, the largestproducer of high-grade phosphate rock worldwide and the second largest MAP/DAPproducer in the world (excluding China), according to Fertecon.

PhosAgro has 2.1 billion tonnes of resources (according to JORC as of 1 June2011) of high quality apatite-nepheline ore, representing over 75 years ofproduction (at current production levels). The Company also controlssubstantial Al2O3 resources, and has more than 41% of Russia's rare earthoxides resources.

The Company's mines and phosphate rock production facilities are located in themountainous areas of the Kola Peninsula in the Murmansk region of northwestRussia, whereas its fertiliser and feed phosphate production assets are locatednear the city of Cherepovets in the Vologda region and near the city ofBalakovo in the Saratov region of southwest part of European Russia. PhosAgroreported 2011 IFRS revenue of USD 3.4 bln and 2011 EBITDA of USD 1.2 bln. As of31 December 2011, the Сompany's net debt / EBITDA ratio was equal to 0.43x.

For further information on PhosAgro please visit: www.PhosAgro.com