Phosagro S Regulatory News (PHOR)

OJSC PHOSAGRO - PhosAgro Raises USD 250 mln, 4-year Pre-Export Loan

PR Newswire

London, June 28

PhosAgro Raises USD 250 mln, 4-year Pre-Export Loan

Moscow – PhosAgro (“the Company”, Moscow Exchange, LSE: PHOR), one of the world’s leading vertically-integrated phosphate-based fertilizer producers, has raised its debut pre-export financing with a syndicate of international banks. Société Générale, PJSC Rosbank, and UniCredit Bank Austria AG acted as Coordinating Mandated Lead Arrangers, while £ UniCredit Bank and PJSC Rosbank acted as Passport Banks.

The facility agreement was signed by PhosAgro subsidiary JSC PhosAgro-Cherepovets and the banks for a total amount of USD 250 million, with a four-year maturity. The Company plans to use the funds to refinance existing debt. Drawdown of the facility will begin before the end of June.

PhosAgro CEO Andrey Guryev said: “I am pleased to note that the cost of foreign-currency financing for high-quality borrowers like PhosAgro has returned to an attractive level. This new PXF will be used for refinancing of existing short-term debt and refinancing of more expensive debt. It will also serve as a benchmark transaction to test the appetite for the PhosAgro name, and to ensure we have a full range of financing options available, in anticipation of the USD 500 million Eurobond refinancing in 2018.”

Rosbank First Deputy Chairman of the Management Board*, Société Générale Corporate and Investment Banking Head of Coverage and Investment Banking for Russia and the CIS Ilya Polyakov said: “This successful debut pre-export loan for PhosAgro, which is a key client of Société Générale/Rosbank in Russia, was possible thanks to our longstanding relationship. This deal was successful thanks to PhosAgro being an exceptionally high-quality borrower with an excellent management team, combined with Société Générale’s leading position and competencies in the area of structured finance.”

UniCredit Bank Management Board Member Kirill Zhukov-Emelyanov said: “As part of the large international UniCredit banking group, we are happy to support the successful development of our long-time strategic partner PhosAgro. This deal’s success once again confirmed UniCredit’s leading position in the structured finance market.”

* Appointment to the Management Board pending approval with the Russian Central Bank

For further information please contact: OJSC PhosAgroIrina Evstigneeva, Director of Corporate Finance and Investor Relationsir@phosagro.ru+7 495 231 3115 Timur Belov, Press OfficerAnastacia Basos, Deputy Press Secretary+7 495 232 9689EMSam VanDerlipvanderlip@em-comms.com+44 7554 993 032+7 499 918 3134Notes to Editors

PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of not less than 39%).

The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia. It is Russia’s only producer of nepheline concentrate.

PhosAgro’s main products include phosphate rock, 33 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 100 countries spanning all of the world’s inhabited continents. The Company’s priority markets outside of Russia and the CIS are Latin America, Europe and Asia.

PhosAgro’s shares are traded on the Moscow Exchange, and global depositary receipts (“GDRs”) for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company’s GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.