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PhosAgro Board Recommends Interim Dividend of RUB 38/share

15 August 2012
Moscow – PhosAgro ("PhosAgro" or "the Company") (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that its Board of Directors today recommended an interim dividend payment for the first six months of 2012 of RUB 4,730,129,040, or RUB 38.00 per share (RUB 12.67 per GDR).  
The Board set the extraordinary general meeting of shareholders (EGM) date of 28 September 2012, and determined 22 August 2012 as the record date for the EGM and dividends.  The Board also approved a number of items related to holding the EGM.
At today’s meeting the Board also approved a bank guarantee that is required for PhosAgro’s participation in the Apatit privatisation tender, and which is considered a large transaction under Russian law.  The bank guarantee is to be provided to PhosAgro from 4 September 2012, which corresponds with the new date of the Apatit privatisation tender.