Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces today that it has been made aware by AO Citibank, the custodian under PhosAgro’s depositary receipts programme ("Programme") which maintains the depositary receipts programme custody account relating to the Programme ("DR Programme Custody Account"), that 170,500 ordinary shares in PhosAgro, which had previously been arrested in the context of criminal proceedings relating to Mr. Volkov’s former stake in PhosAgro, have been debited from the DR Programme Custody Account for onward crediting to Mr. Volkov. The relevant debit was made in accordance with the enforcement order, which entered into force.