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PhosAgro Reports Share Transactions

28 April 2014
Moscow – PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that it has been informed by Vladimir Litvinenko and Carranita Holdings Limited about changes to their stakes in PhosAgro’s share capital.

Vladimir Litvinenko, who previously chaired PhosAgro’s Board of Directors and was chairman of the Board’s Strategy Committee, has informed the Company that he purchased 6,376,140 ordinary shares of PhosAgro (representing 4.92% of the Company’s outstanding shares) for over USD 268.754 million.  Carranita Holding has informed the Company that it sold 6,376,140 ordinary PhosAgro shares for over USD 268.754 million.

As a result of the transaction, Vladimir Litvinenko’s stake in PhosAgro has increased from 4.81% to 9.73%.  Additionally, according to information available to the Company, Vladimir Litvinenko is the economic beneficiary of a trust that owns Feivel Limited, which owns a 4.81% stake in PhosAgro.

According to information available to PhosAgro, ownership of Carranita Holding Limited is held by a trust, the economic beneficiaries of which are Andrey Guryev, Vice President of the Russian Union of Chemists and Deputy Chairman of the PhosAgro Board of Directors, and members of his family.  In addition, according to information available to PhosAgro, ownership of Adorabella Limited, Chlodwig Enterprises Limited, Fornido Holding Limited, Dubhe Holdings Limited, Dubberson Holdings Limited, Miles Ahead Management Limited, and Owl Nebula Enterprises Limited are also held by a trust, the beneficiaries of which are Andrey Guryev and members of his family.  Together with Carranita Holding Limited, these companies own a total of 55.24% of PhosAgro’s ordinary shares.

PhosAgro’s free float has not changed as a result of these transactions and amounts to 20.3% of the Company’s ordinary shares.