PhosAgro Shares Resume Trading After Share Split

23 Mar 2012 15:52

For Immediate Release 23 March 2012

PhosAgro Shares Resume Trading After Share Split

Moscow - PhosAgro ("PhosAgro" or "the Company") , a leading global vertically integrated phosphate-based fertilizer producer, announces that trading in the Company's shares on the MICEX-RTS is due to resume on 26 March 2012, following the share split procedure.

The share issue to conduct the share split was approved by shareholders at the extraordinary general meeting of shareholders ("EGM") on 1 December 2011, and the issue took place on 24 February 2012. On 13 March 2012 the Russian Federation Federal Financial Markets Service ("FFMS") officially registered the report on the results of the share issue to conduct the share split. The share split increased the number of PhosAgro shares from 12,447,708 ordinary shares with a nominal value of RUB 25 per share to 124,477,080 ordinary shares with a nominal value of RUB 2.5 per share. The Company's charter capital remains unchanged following the share split. As a result of the share split, each PhosAgro share now represents 3 GDRs instead of 30 GDRs.

PhosAgro shares trade on the MICEX-RTS quotation list "B" under the code PHOR. Trading in previously-issued shares was halted on 16 February 2012 in connection with the official registration of the share issue for the share split. Trading in PhosAgro GDRs on the London Stock Exchange was not suspended in connection with the share split procedure.

For further information please contact:OJSC "PhosAgro"+7 495 231 2747Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press OfficerM:CommunicationsUKStuart Leasorleasor@mcomgroup.com+ 44 20 7920 2317RussiaSam VanDerlipvanderlip@mcomgroup.com+7 495 663 8005Notes to Editors

PhosAgro is a leading global vertically integrated phosphate-based fertiliser producer. The Group focuses on the production of phosphate-based fertilisers, feed phosphate and high-grade phosphate rock (P2O5 content of not less than 35.7 percent), as well as ammonia and nitrogen-based fertilisers. In 2010, the Group was the largest phosphate-based fertiliser 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 a leading producer of MCP feed phosphates in Europe, and the only producer in Russia.

PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high quality apatite-nepheline ore, representing over 75 years of production. The Group also controls substantial Al2O3 resources, and has 41% of Russia's rare earth oxides resources.

The Group's mines and phosphate rock production facilities are located in the mountainous areas of the Kola Peninsula in the Murmansk region of northwest Russia, whereas its fertiliser and feed phosphate production assets are located near the city of Cherepovets in the Vologda region and near the city of Balakovo in the Saratov region of southwest part of European Russia. The Group is the only global vertically integrated fertilizer producer that derives approximately 90% of its consolidated gross profit from the phosphates segment. PhosAgro's 1H 2011 IFRS revenue was $1.7 bln and EBITDA was $620 mln. The С ompany's net debt/EBITDA ratio was 0.6 at 30 June 2011.

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