PhosAgro Publishes Annual Report for 2015

OJSC PHOSAGRO - PhosAgro Publishes Annual Report for 2015

PR Newswire

London, April 28

PhosAgro Publishes Annual Report for 2015

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically-integrated phosphate-based fertilizer producers, announces that it has today published its Annual Report for 2015 (based on integrated reporting principles). The PhosAgro Board of Directors gave preliminary approval to the 2015 Annual Report on 22 March 2016, and it is now subject to approval by the Annual General Shareholders Meeting, which will be held on 31 May 2016.

The 2015 Annual Report is now available to view or download in a pdf format from the PhosAgro website at http://www.phosagro.com/ and a copy has been submitted to the National Storage Mechanism, which will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

For further information please contact: OJSC PhosAgroIrina Evstigneeva, Director of Corporate Finance and Investor Relations[email protected]+7 495 231 3115 Timur Belov, Press OfficerAnastacia Basos, Deputy Press Secretary+7 495 232 9689EMSam VanDerlip[email protected]+44 7554 993 032+7 499 918 3134Notes to Editors

PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of not less than 39%), as well as ammonia and nitrogen-based fertilizers.

The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia.

PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high quality apatite-nepheline ore. The Company's mines and phosphate rock production facilities are located in the mountainous areas of the Kola Peninsula in the Murmansk region of northwest Russia, whereas its fertilizer and feed phosphate production assets are located near the city of Cherepovets in the Vologda region and near the city of Balakovo in the Saratov region of southwest part of European Russia.

PhosAgro’s 2015 IFRS revenue was over USD 3.1 bln and EBITDA was USD 1.4 bln.

For further information on PhosAgro please visit: http://www.phosagro.com/