PhosAgro AGM Approves Final 2013 Dividend

For Immediate Release 16 June 2014 PhosAgro AGM Approves Final 2013 Dividend Moscow - PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), one of theworld's leading vertically integrated phosphate-based fertilizer producers,announces that on 13 June 2014 the annual general meeting of shareholders("AGM") approved a final 2013 dividend of RUB 2,499,350,000, or RUB 19.3 pershare (RUB 6.4 per depositary receipt). This dividend payment comes in additionto the RUB 2,000,775,000, or RUB 15.45 per share (RUB 5.15 per depositaryreceipt) already paid during 2013 PhosAgro Board of Directors Member and CEO Andrey Guryev said: "We haveconsistently delivered on the promise made to shareholders during our IPO andSPO by building shareholder value and upholding our dividend policy. Wemaintained a strong financial position throughout 2013, and look forward topresenting new strategic initiatives aimed at building sustainable value to ourshareholders later in 2014. We aim to invest in projects that will build valueand sustain PhosAgro's leading position in the global fertilizer market, whilemaintaining stable cash flows to enable continued dividend payments." The ex-dividend date has been set as 24 June 2014. At the AGM shareholders also approved PhosAgro's annual report and statutoryfinancial statements for 2013, elected the Board of Directors and ReviewCommittee, approved a number of related party transactions. Shareholders also approved Tax Planning Centre "Korpus Prava" as the Company'sRAS auditor. KPMG will audit PhosAgro's consolidated IFRS financial statementsfor 2014. For further information please contact: OJSC PhosAgroIrina Evstigneeva, Head of Corporate Finance and Investor [email protected]+7 495 231 3115 Timur Belov, Press Officer+7 495 232 9689 EMSam [email protected]+44 7554 993 032+7 916 306 6112 Notes to Editors PhosAgro is one of the leading global vertically integrated phosphate-basedfertilizer producers. The Company focuses on the production of phosphate-basedfertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of notless than 39%), as well as ammonia and nitrogen-based fertilizers. The Company is the largest phosphate-based fertilizer producer in Europe, thelargest producer of high-grade phosphate rock worldwide and the second largestMAP/DAP producer in the world (excluding China), according to Fertecon.PhosAgro is also one of the leading producers of feed phosphates (MCP) inEurope, and the only producer in Russia. PhosAgro has 2.1 billion tonnes of resources (according to JORC) of highquality apatite-nepheline ore. The Company's mines and phosphate rockproduction facilities are located in the mountainous areas of the KolaPeninsula in the Murmansk region of northwest Russia, whereas its fertilizerand feed phosphate production assets are located near the city of Cherepovetsin the Vologda region and near the city of Balakovo in the Saratov region ofsouthwest part of European Russia. PhosAgro's 2013 IFRS revenue was over USD 3.3 bln and EBITDA was USD 752 mln.The Сompany's net debt/EBITDA ratio was 1.8 at 31 December 2013.

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