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PhosAgro Shareholders to Vote on Payment of Interim Dividends at Extraordinary General Meeting on 29 December 2012

20 November 2012
Moscow – PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that its Board of Directors today recommended that the Company`s shareholders approve the payment of interim dividends for the 9 months ended 30 September 2012 amounting to RUB 3,111,927,000, or RUB 25 per share (RUB 8.33 per GDR).
 
The dividends are planned to be paid from PhosAgro`s net income for the first 9 months of 2012.
 
Since the Company`s IPO, PhosAgro has committed more than RUB 11.8 billion (RUB 96 per share or $1.02 per GDR) to dividend payments, or more than half of its net profit over that period.
 
An Extraordinary General Meeting of Shareholders (EGM) has been called for 29 December 2012, and will be conducted via absentee vote. The cut-off date for shareholders eligible to participate in the EGM is 23 November 2012.
 
At the EGM, shareholders will also vote on approval of the Company`s Regulation on the Management Board and also the new version of PhosAgro`s Charter that will incorporate previously approved amendments and additions to the Charter.