PhosAgro Executive Shareholding Notice

For Immediate Release 6 August 2013 PhosAgro Executive Shareholding Notice Moscow - PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), aleading global vertically integrated phosphate-based fertilizer producer,reports that Maxim Volkov, Chairman of the Strategy Committee of PhosAgro'sBoard of Directors, has increased his stake in the company to 0.979% from0.963%, by purchasing 60,000 global depositary receipts (with one sharerepresenting 3 GDRs). Maxim Volkov and Menoza Trading Limited, a company in which Mr Volkov is aneconomic beneficiary, in aggregate now own 1,330,750 shares and 267,571 GDRs,representing 1.096% of PhosAgro's share capital. For further information, please contact: OJSC PhosAgroIrina EvstigneevaHead of Corporate Finance and Investor Relations+7 495 231-31-15 Timur BelovPress Officer+7 495 232-96-89 M:CommunicationsSam [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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