PhosAgro Appoints Vladimir Davydenko as Apatit CEO

For Immediate Release 17 June 2014 PhosAgro Appoints Vladimir Davydenko as Apatit CEO Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), a leading global verticallyintegrated phosphate-based fertilizer producer, announces that VladimirDavydenko has been appointed as the Director of the Kirovsk Branch of PhosAgroAG and the CEO of Apatit. Prior to his appointment, Mr. Davydenko had been the First Deputy Director ofthe Kirovsk Branch of PhosAgro AG and First Deputy CEO of Apatit. Vladimir Davydenko has held management positions at several of PhosAgro'sproduction facilities, including as head of the Y. V. Samoilov ScientificResearch Institute for Fertilisers and Insectofungicides, and as CEO ofCherepovets Azot prior to its merger with Ammophos, which createdPhosAgro-Cherepovets. 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 EM Sam [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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