PhosAgro Fertilizer Sales up 10% y-o-y for 9M 2013

For Immediate Release 16 October 2013 PhosAgro Fertilizer Sales up 10% y-o-y for 9M 2013 Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), a leading global verticallyintegrated phosphate-based fertilizer producer, announces its productionresults for the nine months ended 30 September 2013. Total fertilizer production and sales for 9M 2013 grew 8.6% and 9.8%year-on-year, respectively. Phosphate-based fertilizer production and sales*for 9M 2013 increased by 6.5% and 7.7% year-on-year, respectively. PhosAgro's production and sales volumes for the 9M 2013 are summarized in thetables below. Production Volumes by type (kmt) 9M2013 9M2012 Change y-o-y Phosphate-based fertilizers 3,426.8 3,217.7 6.5% Nitrogen-based fertilizers 921.4 787.2 17.0% TOTAL fertilizers 4,348.2 4,004.9 8.6% Apatit mine and beneficiation 6,623.1 6,635.9 (0.2%)plant Other products** 109.5 19.5 461.5% Sales Volumes by type (kmt) 9M2013 9M2012 Change y-o-y Phosphate-based fertilizers 3,479.6 3,230.2 7.7% Nitrogen-based fertilizers 930.6 787.8 18.1% TOTAL fertilizers 4,410.2 4,018.0 9.8% Apatit mine and beneficiation 3,034.0 3,311.7 (8.4%)plant Other products** 232.5 203.9 14.0% Commenting on the 9M 2013 production results, PhosAgro CEO Andrey A. Guryevsaid: "In the first nine months of 2013 we increased combined sales ofphosphate- and nitrogen-based fertilizers by almost 10% compared to 9M 2012,and kept our production facilities operating at near 100% capacity. "As a low cost producer, we were able to achieve significant volume growthdespite substantial price pressures that have led to reduced capacityutilisation in the global industry. "In addition to a continued commitment to production flexibility, we are nowconcentrating on fast-growing markets, with the primary focus on our domesticmarket where we increased fertilizer sales to 1.1 million tonnes in 9M 2013." The table below provides a breakdown of production volumes by major product for9M2013: Production Volumes (kmt) 9M2013 9M2012 Change y-o-y Apatit mine and beneficiation plant Phosphate rock 5,905.3 5,846.8 1.0% Nepheline concentrate 717.8 789.1 (9.0%) Phosphate-based fertilizers DAP/MAP 1,628.3 1,530.3 6.4% NPK 1,284.4 1,256.9 2.2% NPS 220.3 207.8 6.0% APP 67.9 41.4 64.0% MCP 182.8 181.3 0.8% SOP 43.1 0.0 - Nitrogen-based fertilizers AN 182.3 241.3 (24.5%) NP 109.1 65.1 67.6% Urea 630.0 480.8 31.0% Other products AlF3 19.8 19.5 1.5% STPP 89.7 0.0 - Feed stock Ammonia 733.2 823.6 (11.0%) Phosphoric acid (kt P2O5) 1,322.2 1,209.3 9.3% Sulphuric acid (kt 3,237.70 3,295.3 (1.7%)monohydrate) The table below provides a breakdown of sales volumes by major product for 9M2013: Sales Volumes (kmt) 9M2013 9M2012 Change y-o-y Apatite mine and beneficiation plant Phosphate rock* 2,316.0 2,534.0 (8.6%) Nepheline concentrate 718.0 777.7 (7.7%) Phosphate-based fertilizers DAP/MAP 1,682.6 1,517.6 10.9% NPK 1,285.1 1,283.0 0.2% NPS 229.7 209.7 9.5% APP 58.6 34.3 70.8% MCP 179.1 185.6 (3.5%) SOP 44.5 0.0 - Nitrogen-based fertilizers AN 197.4 249.8 (21.0%) NP 110.0 49.9 120.4% Urea 623.2 488.1 27.7% Other products AlF3 19.2 19.5 (1.5%) STPP 88.7 0.0 - Ammonia 4.8 69.5 (93.1%) Phosphoric acid 25.4 7.1 257.7% Sulphuric acid 94.4 107.8 (12.4%) * Excluding intra-group sales** Excluding feed stock 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 032t: +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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