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PhosAgro Board Re-Appoints Chairman and CEO

16 June 2014

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that its Board of Directors has re-elected Independent Director Sven Ombudstvedt as its Chairman. Andrey G. Guryev, Vice President of the Russian Union of Chemists, was elected Deputy Chairman of the Board.

The Board of Directors also re-appointed Andrey A. Guryev as PhosAgro’s CEO, in accordance with the recommendation of the Remuneration and Human Resources Committee.

PhosAgro’s Board of Directors appointed members and leadership to the Board Committees. The Audit Committee will be chaired once again by Independent Director Marcus Rhodes; Andrey A. Guryev was appointed Chairman of the Strategy Committee; Independent Director Ivan Rodionov will lead the Remuneration and Human Resources Committee, while the Environmental, Health and Safety Committee will be chaired by Igor Antoshin.

The Board has also called an Extraordinary General Meeting of shareholders (“EGM”) for 16 September 2014, and set the shareholder register cut-off date for the EGM as 27 June 2014. The EGM agenda will include items related to the election of a new Board of Directors and approval of a new version of the Company charter. It is planned to increase the number of independent directors on the Company’s Board of Directors. The new version of the charter will include all previous amendments, and contains changes related to ensuring adherence with recent legislative changes.

These decisions were made at today’s meeting of the Board of Directors at its first meeting after the PhosAgro Annual General Meeting of shareholders (“AGM”), which was held on 13 June 2014. The makeup of the Board of Directors did not change as a result of the AGM.