PhosAgro Appoints Mikhail Rybnikov as First Deputy CEO

PJSC PHOSAGRO - PhosAgro Appoints Mikhail Rybnikov as First Deputy CEO

PR Newswire

London, October 17

PhosAgro Appoints Mikhail Rybnikov as First Deputy CEO, promotes Vladimir Davydenko to General Director of JSC Apatit

Moscow – PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that Mikhail Rybnikov, who had previously worked as the General Director of JSC Apatit, has been appointed First Deputy CEO of PhosAgro.

Mikhail Rybnikov, who prior to this appointment held the positions of COO of PhosAgro and General Director of JSC Apatit, will focus on issues of strategic development and coordinating the investment activities of PhosAgro’s production subsidiaries.

In recent years, under the direct supervision of Mikhail Rybnikov, JSC Apatit and its branches successfully implemented a number of large investment projects, including the construction of new high-tech ammonia and urea production lines in Cherepovets, an ammonia pipeline in Balakovo, NPS fertilizer production in Volkhov and Main Shaft #2 in Kirovsk.

Vladimir Davydenko, who has been appointed General Director of JSC Apatit, previously held the position of First Deputy Director to Mikhail Rybnikov and Technical Director of JSC Apatit. Under his leadership, work is currently underway in Cherepovets to implement the construction of new ammonium sulphate, sulphuric and nitric acid plants, as well as to analyse opportunities to develop PhosAgro’s chemical complex in Volkhov.

PhosAgro CEO Andrey Guryev stated that these personnel decisions are aimed at further improving the efficiency and reliability of the Company's production assets, modernising existing facilities and building new capacities.

For further information please contact:PhosAgro

Timur Belov, Press Officer+7 495 232 9689EMSam VanDerlipvanderlip@em-comms.com+44 7554 993 032+7 499 918 3134About the Company

PhosAgro is one of the world’s leading vertically integrated phosphate-based fertilizer producers in terms of production volumes of phosphate-based fertilizers and high-grade phosphate rock with a P2O5 content of 39% and higher.

The Company is the largest phosphate-based fertilizer producer in Europe (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of high-grade phosphate rock with a P2O5 content of 39%, a top-three producer of MAP/DAP globally, one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia, and Russia’s only producer of nepheline concentrate (according to the RAFP).

PhosAgro’s main products include phosphate rock, 39 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.

More information about PhosAgro can be found on the website: www.phosagro.ru