PhosAgro Reports Share Transactions

For Immediate Release 28 April 2014 PhosAgro Reports Share Transactions Moscow - PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), one of theworld's leading vertically integrated phosphate-based fertilizer producers,announces that it has been informed by Vladimir Litvinenko and CarranitaHoldings Limited about changes to their stakes in PhosAgro's share capital. Vladimir Litvinenko, who previously chaired PhosAgro's Board of Directors andwas chairman of the Board's Strategy Committee, has informed the Company thathe purchased 6,376,140 ordinary shares of PhosAgro (representing 4.92% of theCompany's outstanding shares) for over USD 268.754 million. Carranita Holdinghas informed the Company that it sold 6,376,140 ordinary PhosAgro shares forover USD 268.754 million. As a result of the transaction, Vladimir Litvinenko's stake in PhosAgro hasincreased from 4.81% to 9.73%. Additionally, according to information availableto the Company, Vladimir Litvinenko is the economic beneficiary of a trust thatowns Feivel Limited, which owns a 4.81% stake in PhosAgro. According to information available to PhosAgro, ownership of Carranita HoldingLimited is held by a trust, the economic beneficiaries of which are AndreyGuryev, Vice President of the Russian Union of Chemists and Deputy Chairman ofthe PhosAgro Board of Directors, and members of his family. In addition,according to information available to PhosAgro, ownership of AdorabellaLimited, Chlodwig Enterprises Limited, Fornido Holding Limited, Dubhe HoldingsLimited, Dubberson Holdings Limited, Miles Ahead Management Limited, and OwlNebula Enterprises Limited are also held by a trust, the beneficiaries of whichare Andrey Guryev and members of his family. Together with Carranita HoldingLimited, these companies own a total of 55.24% of PhosAgro's ordinary shares. PhosAgro's free float has not changed as a result of these transactions andamounts to 20.3% of the Company's ordinary shares. For further information please contact: OJSC PhosAgro Irina Evstigneeva, Head of Corporate Finance and Investor [email protected]+7 495 231 3115 Timur Belov, Press Officer+7 495 232 9689 EM Sam [email protected]+44 7554 993 032+7 916 306 6112 Notes to Editors PhosAgro is one of the leading global vertically integrated phosphate-basedfertilizer producers. The Company focuses on the production of phosphate-basedfertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of notless than 39%), as well as ammonia and nitrogen-based fertilizers. The Company is the largest phosphate-based fertilizer 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 one of the leading producers of feed phosphates (MCP) inEurope, and the only producer in Russia. PhosAgro has 2.1 billion tonnes of resources (according to JORC) of highquality apatite-nepheline ore. The Company's mines and phosphate rockproduction facilities are located in the mountainous areas of the KolaPeninsula in the Murmansk region of northwest Russia, whereas its fertilizerand feed phosphate production assets are located near the city of Cherepovetsin the Vologda region and near the city of Balakovo in the Saratov region ofsouthwest part of European Russia. PhosAgro's 2013 IFRS revenue was over USD 3.3 bln and EBITDA was USD 752 mln.The Сompany's net debt/EBITDA ratio was 1.8 at 31 December 2013.

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