PHOSAGRO Becomes Member of IPNI

PHOSAGRO BECOMES MEMBER OF INTERNATIONAL PLANT NUTRITION INSTITUTE September 10, 2014 - Moscow - PhosAgro (Moscow Exchange, LSE: PHOR) joined theInternational Plant Nutrition Institute (IPNI) as an Ordinary Member. PhosAgro's membership was approved at the IPNI Board of Directors Meeting heldon September 9, 2014 in San Francisco in conjunction with the 2014 WorldFertilizer Conference held by The Fertilizer Institute (TFI). PhosAgro is a vertically integrated company based in Russia and one of theworld's leading producers of phosphate-based fertilizers. Its core line ofbusiness is the production of phosphate-based fertilizers (MAP, DAP),high-grade phosphate rock, as well as feed phosphates, nitrogen fertilizers,and ammonia. "PhosAgro's decision to join IPNI is welcomed by our membership," said IPNIPresident Dr. Terry L. Roberts. "Growth and diversity in our membership willcontinue to strengthen IPNI's ability to support the agronomic science that isneeded to accomplish our mission-to develop and promote responsible managementof plant nutrition for the benefit of the human family." PhosAgro CEO Andrey Guryev said: "We are happy to join the International PlantNutrition Institute, which is recognized as an authoritative global scientificorganization. We believe that proper application of fertilizers is veryimportant in order to both maximize the benefits for agricultural producerswhile ensuring care for the environment. "I am confident that cooperation between IPNI and PhosAgro will enable us tofind effective mechanisms for solving issues related to global food security,and will support the long-term, sustainable development of our industry." About the International Plant Nutrition Institute The International Plant Nutrition Institute (IPNI) is a not-for-profit,science-based organization dedicated to the responsible management of plantnutrition for the benefit of the human family. IPNI began operating in Januaryof 2007 as a successor to the Potash & Phosphate Institute (PPI), which wasfounded in the 1930s. IPNI has initiatives addressing the world's growing needfor food, fuel, fiber, and feedstocks. IPNI now has active programs aimed at developing the mineral fertilizer marketsin areas of the world where agriculture is developing fastest, including China,India, South East Asia, Latin America, the United States, Canada, the MiddleEast, Eastern Europe, Australia and Africa. In 2011 IPNI opened arepresentative office in Moscow, which coordinates programs in Russia,Kazakhstan, Ukraine and other countries in Eastern Europe and Central Asia. Members of IPNI include leading global fertilizer producers (alphabetically):Agrium Inc.; Arab Potash Company; Belarusian Potash Company; BHP Billiton, CFIndustries Holdings, Inc.; Compass Minerals Specialty Fertilizers;International Raw Materials LTD.; Intrepid Potash, Inc.; K+S KALI GmbH; OCPS.A.; PhosAgro; PotashCorp; QAFCO; Shell Sulphur Solutions; Simplot; SinofertHoldings Limited; SQM; The Mosaic Company; Toros Tarim; and UralKali. Affiliate members of IPNI include national and international fertilizerproducer associations, as well as scientific research organizations andinstitutes (alphabetically): Arab Fertilizer Association (AFA); CanadianFertilizer Institute (CFI); Fertiliser Association of India (FAI);International Fertilizer Industry Association (IFA); International PotashInstitute (IPI); and The Fertilizer Institute (TFI). Through cooperation with leading organizations throughout the world, IPNI helpsto conduct research and educational programs, training and other projectsrelated to agriculture. About PhosAgro 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. -end- IPNI Contacts: Dr. Terry Roberts, IPNI President; Phone: 770.447.0335; E-mail:[email protected]; or Gavin Sulewski, IPNI Editor; Phone: 770.825.8080; E-mail:[email protected] PhosAgro Contacts: Timur Belov, Press Officer, Phone: +7 495 232 9689 Sam VanDerlip, email: [email protected], Phone: +44 7554 993 032, +7 499918 3134