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Update on Deliveries of Apatite Concentrate from OJSC Apatit

20 December 2011
Moscow – PhosAgro (MICEX-RTS, LSE: PHOR) (“the Company”), a leading global vertically integrated phosphate-based fertilizer producer, announces that it is currently working on restoring the production process at the Apatite-Nepheline Beneficiation Plant #2 (ANOF-2) of OJSC Apatit.  The Company expects to re-launch the ANOF-2 beneficiation capacities within the course of the next week.

During this period, deliveries to clients will continue from Apatite-Nepheline Beneficiation Plant #3 (ANOF-3), as well as from Apatit’s warehouse inventory.

On 16 December 2011 an accident occurred in the reagent block of ANOF-2 while a worker employed by PhosAgro subcontractor OJSC SPM was installing a new reagent container using electric welding equipment.  As a result of the accident two employees of the subcontracting organization died and the reagent preparation building in the ANOF-2 crushing and flotation block was partially damaged.  No employees of OJSC Apatit died as a result of this accident.