PhosAgro Mandates Banks for FI Investor Meetings

OJSC PHOSAGRO - PhosAgro Mandates Banks for FI Investor Meetings

PR Newswire

London, January 30

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN THEUNITED STATES OF AMERICA OR TO U.S. PERSONS OR IN AUSTRALIA, CANADA, JAPAN, THERUSSIAN FEDERATION OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.

PhosAgro Mandates Banks for Fixed Income Investor Meetings

OJSC PhosAgro, rated Baa3 by Moody's and BB+ by Fitch, has mandated Citigroup,Raiffeisen Bank International, Sberbank CIB and VTB Capital to arrange a seriesof fixed income investor meetings in the US and Europe commencing on February1, 2013. A RegS/144A debut US$-denominated Eurobond offering is expected tofollow, subject to market conditions. FSA/ICMA Stabilisation.

For further information please contact:

OJSC PhosAgro

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's2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln. The Сompany's net debt/EBITDA ratio was 0.43 at 31 December 2011.

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

This announcement is directed only at persons who (i) are outside the UnitedKingdom or (ii) investment professionals within the meaning of Article 19(5) ofthe Financial Services and Markets Act 2000 (Financial Promotion) Order 2005(the "Order") or (iii) are persons falling within Article 49(2)(a) to (e) ofthe Order (all such persons together being referred to as "relevant persons").This announcement must not be acted on or relied on by persons who are notrelevant persons. Any investment or investment activity to which thisannouncement relates is available only to relevant persons and will be engagedin only with relevant persons. Any person who is not a relevant person shouldnot act or rely on this announcement. In member states of the European EconomicArea, this announcement is directed only at persons who are "qualifiedinvestors" within the meaning of article 2(1)(e) of Directive 2003/71/EC (the"Prospectus Directive").

This announcement is not for public release, publication or distribution,directly or indirectly, in or into the United States (including its territoriesand possessions, any State of the United States and the District of Columbia).This announcement does not constitute or form a part of any offer of, orsolicitation to purchase or subscribe for, any securities in the United States.Any such securities have not been, and will not be, registered under the UnitedStates Securities Act of 1933 (the "Securities Act"). Any such securities maynot be offered or sold in the United States or to, or for the account orbenefit of, U.S. persons (as such term is defined in Regulation S under theSecurities Act), except pursuant to an exemption from the registrationrequirements of the Securities Act. No public offering of securities will bemade in the United States of America or in any other jurisdiction where such anoffering is restricted or prohibited. A copy of this announcement may beprovided to a qualified institutional buyer (as such term is defined in theSecurities Act) on an individual basis.

This announcement or information contained therein is not an offer, or aninvitation to make offers, to sell, exchange or otherwise transfer securitiesin the Russian Federation to or for the benefit of any Russian person or entityand does not constitute an advertisement or offering of securities in theRussian Federation within the meaning of Russian securities laws. Informationcontained herein is intended only for persons who are "qualified investors"within the meaning of Article 51.2 of the Federal Law no. 39-FZ "On theSecurities Market" dated 22 April 1996, as amended (the "Russian QIs") and mustnot be distributed or circulated into Russia or made available in Russia to anypersons who are not Russian QIs, unless and to the extent they are otherwisepermitted to access such information under Russian law. The securities have notbeen and will not be registered in Russia and are not intended for "offering","placement" or "circulation" in Russia (each as defined in Russian securitieslaws) unless and to the extent otherwise permitted under Russian law.