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PhosAgro gets FAS Approval for up to 100% of Apatit

10 April 2012
Moscow, 10 April 2012 – PhosAgro ("PhosAgro" or "the Company") (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that the Russian Federal Antimonopoly Service (FAS) has approved the Company`s request for permission to acquire up to an additional 42.43% of voting shares in OJSC Apatit, which together with the stake already owned by PhosAgro represents 100% of Apatit`s outstanding shares.

The request was submitted as part of PhosAgro`s preparations to participate in the privatisation of the Russian Government`s shareholding in Apatit.

PhosAgro also intends to acquire shares held by private shareholders in Apatit, and has already reached agreements with several of the owners of significant stakes.