PhosAgro Reports Share Transactions

For Immediate Release 30 December 2014 PhosAgro Reports Share Transactions Moscow - PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR),one of the world's leading vertically integrated phosphate-based fertilizerproducers, has been informed by Vindemiatrix Trading Limited, which owns a2.88% stake in PhosAgro, that as a result of transactions completed on 29December 2014, Vindemiatrix Trading Limited has obtained control of CarranitaHoldings Limited and Dubberson Holdings Limited, which together own 12,688,224ordinary PhosAgro shares. As a result, Vindemiatrix Trading Limited gainedcontrol of 9.78% of PhosAgro's outstanding shares. According to information available to PhosAgro, ownership of VindemiatrixTrading Limited, which now controls a 12.66% stake in PhosAgro, is held by atrust, the economic beneficiary of which is PhosAgro Board of Directors MemberIgor Antoshin, who owns 1.92% of PhosAgro shares. According to information available to PhosAgro, ownership of Carranita HoldingsLimited and Dubberson Holdings Limited was previously held in trusts, theeconomic beneficiaries of which were Deputy Chairman of the PhosAgro Board ofDirectors Andrey Guryev and members of his family. According to information available to PhosAgro, ownership of AdorabellaLimited, Chlodwig Enterprises Limited, Fornido Holding Limited, Dubhe HoldingsLimited, Miles Ahead Management Limited, and Owl Nebula Enterprises Limited,which together own 45.46% of PhosAgro's outstanding shares, is held in trusts,the economic beneficiaries of which are Deputy Chairman of the PhosAgro Boardof Directors Andrey Guryev and members of his family, while Evgeniya Guryevaowns 4.82% of PhosAgro 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+7 499 918 3134 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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