PhosAgro EGM Approves Interim Dividend for 9M 2014

For Immediate Release 12 January 2015 PhosAgro EGM Approves Interim Dividend Payment for 9M 2014 Moscow - The shareholders of PhosAgro ("PhosAgro" or "the Company") (MoscowExchange, LSE: PHOR), one of the world's leading vertically integratedphosphate-based fertilizer producers, approved an interim dividend payment for9M 2014 of RUB 2.59 billion, which represents RUB 20 per share (RUB 6.67 perglobal depositary receipt), at an Extraordinary General Meeting of Shareholders("EGM") held in absentia on 31 December 2014. The dividend record date was 11 January 2015. Including the 6M 2014 interim dividends already paid, the Company's totalinterim dividend payouts for 2014 will amount to nearly RUB 5.83 billion. For further information please contact: OJSC PhosAgro Irina 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+7 499 918 3134 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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