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PhosAgro Board Approves EGM Agenda

27 November 2012
Moscow – PhosAgro (or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that today its Board of Directors approved the agenda for an extraordinary general meeting of shareholders (EGM) to be held on 29 December 2012.  The agenda includes the following items:
 
1) On payment (declaration) of dividends on PhosAgro shares for the first 9 months of 2012;
2) On approval of a new version of the Company’s Charter;
3) On approval of the Company’s Regulation on the  Management Board;
4) On approval of an interested party transaction.
 
The PhosAgro Board of Directors also approved a major transaction (support agreement) and determined that the price and other conditions of the agreement are in line with market practice.
 
On 19 November 2012 the Board of Directors called the EGM, which will be held by absentee vote, on 29 December 2012.  The shareholder register cut-off date for shareholders eligible to participate in the EGM and receive dividends was 23 November 2012.  The Board also recommended at its 19 November 2012 meeting that shareholders approve an interim dividend payment for the first 9 months of 2012 amounting to RUB 3,111,927,000, or RUB 25 per share (RUB 8.33 per GDR).