PhosAgro Publishes Inaugural Integrated Report for 2014

For Immediate Release 30 April 2015 PhosAgro Publishes Inaugural Integrated Report for 2014 Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leadingvertically-integrated phosphate-based fertilizer producers, announces that ithas today published its inaugural integrated report for 2014 ("2014 IntegratedReport"). The PhosAgro Board of Directors gave preliminary approval to the 2014Integrated Report on 28 April 2015, and it is now subject to approval by theAnnual General Shareholders Meeting, which will be held on 8 June 2015. The 2014 Integrated Report is now available to view or download in a pdf formatfrom the PhosAgro website at www.phosagro.com and a copy has been submitted tothe National Storage Mechanism, which will shortly be available for inspectionat http://www.morningstar.co.uk/uk/. 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 OfficerAnastacia Basos, Deputy Press Secretary+7 495 232 9689 EM Sam VanDerlipvanderlip@em-comms.com+44 7554 993 032+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 third 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 2014 IFRS revenue was over USD 3.2 bln and EBITDA was USD 979 mln.

For further information on PhosAgro please visit: www.PhosAgro.com