Sven Ombudstvedt Reappointed Chairman of PhosAgro Board

For Immediate Release 17 September 2014 Independent Director Sven Ombudstvedt Reappointed as Chairman of PhosAgro Boardof Directors Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leadingvertically integrated phosphate-based fertilizer producers, announces that itsBoard of Directors at a meeting on 16 October 2014 re-appointed the IndependentNon-Executive Director Sven Ombudstvedt as its Chairman. Russian Union ofChemists Vice President Andrey G. Guryev was elected as the Deputy Chairman ofthe Board of Directors. PhosAgro's Board of Directors also appointed members and leadership to theBoard Committees. The Audit Committee and Remuneration and Human ResourcesCommittee will be chaired by Board members Marcus Rhodes and Jim Rogers,respectively. Board member Ivan Rodionov will chair the newly-created riskmanagement committee. PhosAgro CEO and Board member Andrey A. Guryev was appointed Chairman of theStrategy Committee, while the Environmental, Health and Safety Committee willbe chaired by Board member and Advisor to the CEO Igor Antoshin. PhosAgro CEO Andrey Guryev said: "PhosAgro's adherence to best practice incorporate governance is once again confirmed by the fact that the AuditCommittee and the Remuneration and Human Resources Committee are made upentirely of Independent Directors." For further information please contact: OJSC PhosAgro Irina Evstigneeva, Head of Corporate Finance and Investor [email protected]+7 495 231 3115Timur Belov, Press Officer+7 495 232 9689 EM Sam [email protected]: +44 7554 993 032t: +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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