PhosAgro EGM Approves Revised Regulations, Dividends

OJSC PHOSAGRO - PhosAgro EGM Approves Revised Regulations, Dividends

PR Newswire

London, October 3

PhosAgro EGM Approves Revised Versions of Regulations on the General Meeting of Shareholders and Regulations on the Board of Directors, and Approves Payment of Dividends

PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that an Extraordinary General Meeting of Shareholders (“EGM”) today approved revised versions of the Regulations on the General Meeting of Shareholders and Regulations on the Board of Directors. Both documents have been developed in compliance with the regulation of the Russian Federation, the requirements of securities trading regulators and recommendations of the Corporate Governance Code approved by the Bank of Russia, as well as in line with best global practice in the field of corporate governance.

Shareholders also approved a dividend payment of RUB 4,273.5 million, or RUB 33 per share (RUB 11 per Global Depositary Receipt), from the Company’s unallocated net profit as of 31 December 2015. The record date conveying eligibility for shareholders to receive dividends was set as 14 October 2016.

A number of related-party transactions were also approved.

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.