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Moscow Exchange Admits Newly Issued PhosAgro Shares to Trading

3 July 2013
Moscow – PhosAgro (or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertiliser producer, announces that its newly issued shares have been admitted to trading on the Moscow Exchange.

PhosAgro’s newly issued ordinary shares have been included in the MICEX Stock Exchange A1 quotation list along with the Company’s existing shares.  The state registration number of the additional issue of 5,022,920 shares is 1-02-06556-A-001D dated 15 November 2012, the ticker is PHOR-001D and the ISIN is RU000A0JTBU1.

In accordance with the decision of the MICEX Stock Exchange, trading in the shares begins today.

PhosAgro issued 5,022,920 new ordinary shares with a nominal value of RUB 2.5, raising over USD 210 million.  Following the additional share issue, PhosAgro’s share capital consists of 129,500,000 ordinary shares.

For further information please contact:

OJSC PhosAgro
+7 495 232-96-89
Irina Evstigneeva, Head of Corporate Finance and Investor Relations
Timur Belov, Press Officer

Sam VanDerlip
+44 (0) 7554 993 032

Notes 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 (with P2O5 content of not less than 39 percent), as well as ammonia and nitrogen-based fertilisers.  

The Group is the largest phosphate-based fertiliser producer in Europe, the largest producer of high-grade phosphate rock worldwide and the second 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 according to the G.P. Luzin Institute of Economic Problems of the Kolskiy Scientific Centre of the Russian Academy of Sciences, 2010).

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.  PhosAgro’s 2012 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.1 bln. The Сompany’s net debt/EBITDA ratio was 0.77 at 31 December 2012.

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