Phosagro S Regulatory News (PHOR)

For Immediate Release 10 April 2014 PhosAgro Reports Share Transactions by Adorabella Limited and VindemiatrixTrading Limited 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 Adorabella Limited and VindemiatrixTrading Limited of changes to their stakes in PhosAgro following transactionsinvolving the Company's shares. Adorabella Limited has informed PhosAgro that it purchased 538,684 ordinaryPhosAgro shares (representing 0.42% of the Company's outstanding shares) forUSD 20.75 million. Vindemiatrix Trading Limited has informed PhosAgro that itsold 538,684 ordinary PhosAgro shares for USD 20.75 million. According to information available to PhosAgro, ownership of VindemiatrixTrading Limited is held by a trust, the economic beneficiary of which is IgorAntoshin, an Advisor to PhosAgro's CEO and an Executive Director on theCompany's Board of Directors. Vindemiatrix Trading Limited currently owns a2.88% stake in PhosAgro, and Igor Antoshin owns a 1.92% stake in PhosAgro. According to information available to PhosAgro, ownership of Adorabella Limitedis held by a trust, the economic beneficiaries of which are Andrey Guryev, VicePresident of the Russian Union of Chemists and Deputy Chairman of the PhosAgroBoard of Directors, and members of his family. In addition, according toinformation available to PhosAgro, ownership of Chlodwig Enterprises Limited,Carranita Holdings Limited, Fornido Holding Limited, Dubhe Holdings Limited,Dubberson Holdings Limited, Miles Ahead Management Limited, and Owl NebulaEnterprises Limited are also held by a trust, the beneficiaries of which areAndrey Guryev and members of his family. Together with Adorabella Limited,these companies own a total of 60.16% 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 Relationsir@phosagro.ru+7 495 231 3115 Timur Belov, Press Officer+7 495 232 9689 EM Sam VanDerlipvanderlip@em-comms.com+44 7554 993 032+7 916 306 6112 Notes to Editors PhosAgro is a leading global vertically integrated phosphate-based fertilizerproducer. The Group focuses on the production of phosphate-based fertilizers,feed phosphate and high-grade phosphate rock (with P2O5 content of not lessthan 39 percent), as well as ammonia and nitrogen-based fertilizers. The Group 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 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 fertilizer 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's2012 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.1 bln. The Сompany's net debt/EBITDA ratio was 0.77 at 31 December 2012.

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