PhosAgro Fertilizer Sales up 14% y-o-y in 1H 2013

For Immediate Release 31 July 2013 PhosAgro Fertilizer Sales up 14% y-o-y in 1H 2013 Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), a leading global verticallyintegrated phosphate-based fertilizer producer, announces its productionresults for the six months ended 30 June 2013. Total fertilizer production and sales in 1H 2013 grew 12.9% and 14.0%year-on-year, respectively. Phosphate-based fertilizer production and sales* inthe first half of 2013 increased by 6.2% and 8.7% year-on-year, respectively. PhosAgro's production and sales volumes for the six months ended 30 June 2013are summarized in the tables below. Production Volumes by type (kmt) 1H2013 1H2012 Change y-o-y Phosphate-based fertilizers 2,305.6 2,170.6 6.2% Nitrogen-based fertilizers 675.2 468.7 44.1% TOTAL fertilizers 2,980.8 2,639.3 12.9% Apatit mine and beneficiation 4,373.8 4,397.7 (0.5%)plant Other products** 74.1 13.1 465.6% Sales Volumes by type (kmt) 1H2013 1H2012 Change y-o-y Phosphate-based fertilizers 2,307.3 2,123.2 8.7% Nitrogen-based fertilizers 659.6 479.6 37.5% TOTAL fertilizers 2,966.9 2,602.8 14.0% Apatit mine and beneficiation 1,957.2 2,187.7 (10.5%)plant Other products** 147.6 166.9 (11.6%) Commenting on the 1H 2013 production results, OJSC PhosAgro Deputy CEO Andrey A.Guryev said: "In the first half of 2013 we increased production and sales ofboth phosphate- and nitrogen-based fertilizers vs. 1H 2012, and kept ourproduction facilities operating at near 100% capacity. "This is primarily the result of our successful strategy of enhancingPhosAgro's production and sales flexibility, which has enabled us to adapt tochanging demand with new products and by opening new geographies to which wesupply our fertilizers. "Going forward we will continue to focus on production flexibility by launchingnew production lines, introducing new grades of fertilizers, and increasingdomestic market sales." The table below provides a breakdown of production volumes by major product for1H 2013: Production Volumes (kmt) 1H2013 1H2012 Change y-o-y Apatit mine and beneficiation plant Phosphate rock 3,895.2 3,877.0 0.5% Nepheline concentrate 478.6 520.7 (8.1%) Phosphate-based fertilizers DAP/MAP 1,092.7 1,005.0 8.7% NPK 863.2 856.8 0.7% NPS 149.3 157.5 (5.2%) APP 45.3 29.3 54.6% MCP 123.9 122.0 1.6% SOP 31.2 - - Nitrogen-based fertilizers AN 182.3 217.5 (16.2%) NP 33.3 - - Urea 459.6 251.2 83.0% Other products AlF3 14.1 13.1 7.6% STPP 60.0 - - Feed stock Ammonia 521.2 534.0 (2.4%) Phosphoric acid (kt P2O5) 874.8 804.0 8.8% Sulphuric acid (kt 2,187.3 2,225.6 (1.7%)monohydrate) The table below provides a breakdown of sales volumes by major product for 1HY2013: Sales Volumes (kmt) 1H2013 1H2012 Change y-o-y Apatite mine and beneficiation plant Phosphate rock* 1,479.4 1,676.7 (11.8%) Nepheline concentrate 477.8 511.0 (6.5%) Phosphate-based fertilizers DAP/MAP 1,061.7 983.6 7.9% NPK 845.3 862.3 (2.0%) NPS 199.3 129.5 53.9% APP 46.6 24.5 90.2% MCP 121.0 123.3 (1.9%) SOP 33.4 - - Nitrogen-based fertilizers AN 196.5 205.1 (4.2%) NP 17.4 - - Urea 445.7 274.5 62.4% Other products AlF3 13.6 13.2 3.0% STPP 57.3 - - Ammonia 3.3 61.4 (94.6%) Phosphoric acid 14.1 4.9 187.8% Sulphuric acid 59.3 87.4 (32.2%) * Excluding intra-group sales** Excluding feed stock Conference Call and Webcast On 31 July 2013 PhosAgro will hold a conference call and webcast at 14:00 Londontime (17:00 Moscow; 09:00 New York), to discuss its 6M 2013 operating results andthe outcome of its 31 July 2013 Board of Directors meeting. After a presentation of the results, PhosAgro Deputy CEO Andrey A. Guryev willanswer questions from conference call participants. The call will be held in English, with simultaneous translation into Russian ona separate line. Participants will be required to tell the operator theirpreferred language when dialling in. Webcast links: English: http://www.media-server.com/m/p/sghoisbd/lan/enRussian: http://www.media-server.com/m/p/sghoisbd/lan/ru Conference call dial-ins: +7 499 272 4337 Moscow+1 212 999 6659 New York+44 (0) 20 3003 2666 London Toll Free: 0808 109 0700 UK1 866 966 5335 USA8 10 8002 490 2004 Russia (Moscow only) Conference call password: PhosAgro A replay of the webcast and conference call in Russian and English, as well asa transcript in English, will be made available on PhosAgro's website shortlyafter the call. 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]+44 7554 993 032 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.

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