Phosagro S Regulatory News (PHOR)

For Immediate Release 16 September 2014 PhosAgro EGM Approves RUB 3.2 bln Interim Dividend Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leadingvertically integrated phosphate-based fertilizer producers, announces that anExtraordinary General Meeting of Shareholders ("EGM") today approved payment ofinterim dividends for the first six months of 2014 totalling RUB 3,237.5billion, or RUB 25 per share (RUB 8.3 per global depositary receipt). Thedividend record date was set at 29 September 2014. PhosAgro CEO Andrey Guryev said: "In addition to financing our comprehensiveinvestment programme, which aims to achieve a 25% increase in PhosAgro'sfertilizer production capacity, we continue to fulfil our promises to investorsregarding the payment of dividends. The interim dividends for the first half of 2014 represent more than 40% ofPhosAgro's IFRS net profit for the first six months of 2014. "This is possiblethanks to PhosAgro's strong financial results in the first half of the year,"added Guryev. Today's EGM also approved the amount and timing of payment of remuneration andcompensation to the members of the PhosAgro Board of Directors. 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.comt: +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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