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PhosAgro EGM Approves Share Split and 9M Dividend

6 December 2011
Moscow – PhosAgro (MICEX, RTS, LSE: PHOR) (“the Company”), a leading global vertically integrated phosphate-based fertilizer producer, announces that an Extraordinary General Meeting of shareholders (“EGM”) on 1 December 2011 approved the following items:  

• Share split and changes to the Company’s Charter in relation to the share split: the share split will increase the number PhosAgro shares from 12,447,708 ordinary shares with a nominal value of RUB 25 per share to 124,477,080 ordinary shares with a nominal value of RUB 2.5 per share. The share split coefficient is 10:1 new to old shares and following the split, each PhosAgro share will represent 3 GDRs instead of the current 30 GDRs.  

• Payment (declaration) of dividends as of nine months 2011: the total dividend of RUB 3,111,927,000 represents an amount of RUB 250 per ordinary registered undocumentary share.  The cut-off date for shareholders eligible to receive dividends for this period was 26 October 2011.  The payment date for the dividends will be within 60 days of the shareholder meeting, no later than 30 January 2012.

PhosAgro CEO Maxim Volkov said: “We promised investors that we would pay a dividend for the last nine months of 2011, and I am pleased that we have been able to deliver on part of that promise early with this interim dividend.”