PhosAgro Board Sets AGM Date and Agenda

OJSC PHOSAGRO - PhosAgro Board Sets AGM Date and Agenda

PR Newswire

London, April 5

PhosAgro Board Sets AGM Date and Agenda

Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), a leading global verticallyintegrated phosphate-based fertilizer producer, announces that its Board ofDirectors set 10 June 2013 as the date of the Company's Annual General Meetingof Shareholders (AGM). The shareholder register cut-off date for the AGM is 22April 2013.

The AGM agenda includes:

In addition to the interim dividends that PhosAgro paid for the first sixmonths and the first nine months of 2012, the Board of Directors hasrecommended that the AGM approves distribution RUB 2,477,093,892 of PhosAgro'sprofits in the form of dividends, which equals RUB 19.90 per share with anominal value of RUB 2.50 (RUB 6.63 per GDR). Pending AGM approval of therecommended 2012 dividend, PhosAgro's total dividend payments since its IPO inJuly 2011 will amount to nearly RUB 17.5 billion, or RUB 140.4 per share (RUB46.8 per GDR).

The Board has recommended that the AGM approves «Tax Planning Center "KorpusPrava"» as PhosAgro's Russian statutory auditor.

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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's2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln. The Сompany's net debt/EBITDA ratio was 0.43 at 31 December 2011.

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