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PhosAgro Shares Resume Trading After Share Split

23 March 2012
Moscow, 23 March 2012 – PhosAgro ("PhosAgro" or "the Company") (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that trading in the Company’s shares on the MICEX-RTS is due to resume on 26 March 2012, following the share split procedure.  

The share issue to conduct the share split was approved by shareholders at the extraordinary general meeting of shareholders (“EGM”) on 1 December 2011, and the issue took place on 24 February 2012.  On 13 March 2012 the Russian Federation Federal Financial Markets Service (“FFMS”) officially registered the report on the results of the share issue to conduct the share split.  The share split increased the number of PhosAgro shares from 12,447,708 ordinary shares with a nominal value of RUB 25 per share to 124,477,080 ordinary shares with a nominal value of RUB 2.5 per share.  The Company’s charter capital remains unchanged following the share split.  As a result of the share split, each PhosAgro share now represents 3 GDRs instead of 30 GDRs.

PhosAgro shares trade on the MICEX-RTS quotation list “B” under the code PHOR.  Trading in previously-issued shares was halted on 16 February 2012 in connection with the official registration of the share issue for the share split.  Trading in PhosAgro GDRs on the London Stock Exchange was not suspended in connection with the share split procedure.