PhosAgro Launches Trading Arm in Singapore

For Immediate Release 11 October 2013 PhosAgro Launches Trading Arm in Singapore Singapore - PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), a leadingglobal vertically integrated phosphate-based fertilizer producer, announces theopening of PhosAgro Asia (PhosAgro Asia Pte. Ltd.) in Singapore, which willfocus on sales of mineral fertilizers to countries in Asia and Africa, as wellas Australia and New Zealand. The new company will be PhosAgro's first trading operation in Asia that focuseson international sales of mineral fertilizers. PhosAgro is one of the largestproducers of phosphate-based fertilizers in the world and is a leading complexNPK producer in Russia; the Company supplies widely used fertilizer grades toRussian and international agricultural producers. PhosAgro CEO Andrey Guryev said: "We see significant growth opportunities inAsia, and believe our new sales and trading subsidiary in Singapore will bringus closer to existing and potential clients. We chose to base our Asianoperations in Singapore because of the well-developed financial and tradeinfrastructure, as well as the good business climate. "PhosAgro Asia will market and sell PhosAgro products across the region, fromPakistan to Japan, in Australia and throughout South-East Asia, and will alsofocus on Africa. With a full-fledged trading operation in Singapore we havegreater flexibility to work with a broader range of clients in these regions." PhosAgro Asia management will include Iouri Piattchanine, who has many years ofexperience selling natural resources and mineral fertilizers in Asia, and MaximPopov, who was previously the deputy head of PhosAgro's mineral fertilizerexport sales division of PhosAgro AG. 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 993 032+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's net debt/EBITDA ratio was 0.77 at 31 December 2012.

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