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PhosAgro Offers Over RUB 11.1 bn in Apatit Privatisation

5 September 2012

Moscow – PhosAgro ("PhosAgro" or "the Company") (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, reports that it offered RUB 11,110 mln, the highest price from any of the tender participants, in the 4 September 2012 tender for the sale of the Russian Federation’s 26.67% stake of ordinary shares (20% of authorised capital) in OJSC Apatit.

PhosAgro plans to disclose in due course information regarding the Russian Federation Government’s decision on timing for the execution of the Apatit share sale agreement.