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PhosAgro EGM Approves Dividend

14 October 2013
Moscow – PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertiliser producer, announces that on 12 October 2013 an extraordinary general meeting of shareholders (“EGM”) approved a dividend payment of RUB 2,000,775,000, or RUB 15.45 per share (RUB 5.15 per GDR).

PhosAgro CEO Andrey Guryev said: “Despite challenging market conditions we remain in a solid financial position and we continue to fulfil the commitment to dividend payments that we made during PhosAgro’s IPO.  At the same time, we continue to implement investment projects aimed at modernising and expanding our production capacities, which will enable PhosAgro to maintain its position as one of the world’s leading mineral fertilizer producers.”