20 Jul 2012 14:00
Reason for correction: Second paragraph changed (recipient of supply had been mistakenly referred as a supplier)
For Immediate Release 20 July
2012
PhosAgro and Acron reach out-of-court agreement on phosphate rock supplies
Moscow - 20 July 2012. PhosAgro and Acron announced that they have settled out of court an ongoing dispute regarding the supply of phosphate rock.
The two sides reached an agreement on the price of phosphate rock to be supplied to Acron during 2012.
In addition, the companies agreed that the North-Western Phosphorous Company would sell to Apatit phosphate ore produced on the Oleniy Ruchey deposit.
For further information please contact:
OJSC PhosAgro
+7 495 231 2747
Irina Evstigneeva, Head of Corporate Finance and Investor Relations
Timur Belov, Press OfficerM:CommunicationsSam VanDerlipvanderlip@mcomgroup.com+7 495 363 2845Notes to EditorsPhosAgro is a leading global vertically integrated phosphate-based fertiliserproducer. The Group focuses on the production of phosphate-based fertilisers,feed phosphate and high-grade phosphate rock (P2O5 content of not less than35.7 percent), as well as ammonia and nitrogen-based fertilisers. The Group isthe largest phosphate-based fertiliser producer in Europe, the largest producerof high-grade phosphate rock worldwide and the second largest MAP/DAP producerin the world (excluding China), according to Fertecon. PhosAgro is also aleading producer of MCP feed phosphates in Europe, and the only producer inRussia.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.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 fertiliser 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. The Groupis the only global vertically integrated fertilizer producer that derivesapproximately 90% of its consolidated gross profit from the phosphates segment.PhosAgro's 2011 IFRS revenue was USD 3.4 bln and EBITDA was USD 1.2 bln. The Сompany's net debt/EBITDA ratio was 0.43 at 31 December 2011.
For further information on PhosAgro please visit: www.PhosAgro.com
Phosagro S (PHOR)