PhosAgro Board to Vote on New CEO on 31 July 2013

For Immediate Release 23 July 2013 PhosAgro Board of Directors to vote on appointment of new CEO at meeting on 31July 2013 Moscow - PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), aleading global vertically integrated phosphate-based fertilizer producer,announces that the Company's Board of Directors will vote on the appointment ofa new CEO at a meeting on 31 July 2013. The meeting agenda also includes the topic of the CEO of PhosAgro holdingmanagement positions in other organisations, as well as election of members toPhosAgro's Management Board. The Remuneration and Human Resources Committee today recommended that the Boardof Directors accept the resignation of Maxim Volkov and appoint Deputy CEOAndrey A. Guryev as CEO. Mr Guryev's candidacy was proposed by current CEOMaxim Volkov. Andrey A. Guryev currently serves as a member of the Board of Directors andDeputy CEO of PhosAgro, and also Chief Operating Officer of management companyPhosAgro AG. He holds a BA in economics from the University of Greenwich and aMaster's degree the Russian Government Academy of National Economy. He also hasa PhD in economics from the St Petersburg Mining Institute. Mr. Guryev has worked at PhosAgro since 2004, holding various positions in thefinance department and specialising in fertilizer exports. Andrey A. Guryev has been Deputy CEO of OJSC PhosAgro since April 2011. From October 2011 to June 2013, he was also Deputy CEO for Sales and Logisticsof PhosAgro AG, and since June 2013 he has been the Chief Operating Officer ofPhosAgro AG. For further information please contact: OJSC PhosAgro+7 495 232-96-89Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press Officer M:CommunicationsSam [email protected]+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's net debt/EBITDA ratio was 0.77 at 31 December 2012.

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