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PhosAgro EGM Approves Dividend

15 January 2016
Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that an Extraordinary General Meeting of Shareholders (“EGM”) today approved the payment of a dividend from undistributed profit in the amount of RUB 8,158.5 million, or RUB 63 per ordinary share (RUB 21 per Global Depositary Receipt).

The record date for eligibility to receive dividends was set as 26 January 2016.

PhosAgro CEO and member of the Board of Directors Andrey Guryev said: “In addition to paying dividends, this year PhosAgro plans to spend record amounts on its large-scale investment programme focused on building new production capacities, as well as on decreasing its debt load and on social and charity programmes.”

The EGM also approved PhosAgro joining the Russian Union of Employers of the Russian Union of Industrialists and Entrepreneurs, as well as a number of interested-party transactions.