Moscow - PhosAgro ("PhosAgro" or "the Company") (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertiliser producer, announces that PhosAgro CEO and member of the Board of Directors Maxim Volkov has informed the Company on 20 December 2011 that he has purchased 5,464 GDRs (1 share = 30 GDRs) for a total consideration of 50,050 USD.
 
As of 20 December 2011, Mr. Volkov and Menoza Trading Limited, a Cyprus-registered Company in which Mr. Volkov is an economic beneficiary, in aggregate own 133,075 PhosAgro shares and 130,161 GDRs, representing 1.10392% of PhosAgro's share capital.