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PhosAgro EGM Approves Dividend

6 October 2015
Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that an Extraordinary Meeting of Shareholders (“EGM”) on 6 October 2015 approved the payment of a dividend of RUB 7.382 billion, or RUB 57 per share (RUB 19 per Global Depositary Receipt).

The record date for eligibility to receive dividends was set as 17 October 2015.

PhosAgro CEO Andrey Guryev said: “As CEO I am pleased to note that we continue to strengthen our competitive advantage, and that even in the current challenging macro environment we are able to achieve positive results.  While 2015 marks the peak year for investments, our sound financial position, solid cash flows and comfortable debt levels mean we are also able to adhere to our updated dividend policy, demonstrating our commitment both to PhosAgro’s long-term development and to fulfilling our promises to investors.”

The EGM also approved a number of related party transactions.