PhosAgro Board Recommends Dividend of RUB 15.45/Share

For Immediate Release 21 August 2013 PhosAgro Board Recommends Dividend of RUB 15.45/Share Moscow - PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), a leading globalvertically integrated phosphate-based fertilizer producer, announces that itsBoard of Directors today recommended that the Company's shareholders approve adividend of RUB 2,000,775,000, or RUB 15.45 per share (RUB 5.15 per GDR). The Board of Directors has called an Extraordinary General Meeting ofShareholders (EGM) on 12 October 2013 via absentee vote. The cut-off date forshareholders eligible to participate in the EGM and receive dividends is 6September 2013. The agenda for the meeting also includes voting on changes toPhosAgro's Board of Directors regulations, approval of related-partytransactions, as well as approval of a loan agreement between PhosAgro and itssubsidiaries. At today's meeting the Board of Directors also reviewed the Company'sconsolidated IFRS accounts for the first half of 2013, approved a revised planfor the Board through June 2014, and passed changes to regulations for theBoard's Environmental, Health and Safety Committee. 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 a leading global vertically integrated phosphate-based fertiliserproducer. The Group focuses on the production of phosphate-based fertilisers,feed phosphate and high-grade phosphate rock (with P2O5 content of not lessthan 39 percent), as well as ammonia and nitrogen-based fertilisers. The Group is the largest phosphate-based fertiliser 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 a leading producer of MCP feed phosphates in Europe, and theonly producer in Russia. PhosAgro has 2.1 billion tonnes of resources (according to JORC) of highquality apatite-nepheline ore, representing over 75 years of production. TheGroup also controls substantial Al2O3 resources and has 41% of Russia's rareearth oxides resources according to the G.P. Luzin Institute of EconomicProblems of the Kolskiy Scientific Centre of the Russian Academy of Sciences,2010). The Group'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. PhosAgro's2012 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.1 bln. The Сompany'snet debt/EBITDA ratio was 0.77 at 31 December 2012.

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