PJSC PHOSAGRO - PhosAgro Board Approves AGM Agenda

London, April 6

Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, at its meeting today approved the agenda for the Annual General Meeting of Shareholders (“AGM”), as well as other issues related to the AGM. The following items were included in the AGM agenda:

• Approval of the Company’s 2016 annual report
• Approval of the Company’s 2016 financial statements
• Distribution of 2016 profit and loss (including payment of dividends)
• Election of members of the Board of Directors
• Election of the Review Committee
• Approval of the Auditor for 2017
• Payment of remuneration and compensation to the Board of Directors

The AGM will take place on 30 May 2017. The record date for shareholders eligible to participate in the AGM has been set as 5 May 2017. During its previous meeting, the Board of Directors recommended the AGM approve a final  2016 dividend of RUB 3,885 million, which represents RUB 30 per share (RUB 10 per global depositary receipt). The Board recommended that the record date for shareholders eligible to receive dividends be set as 13 June 2017.

At today’s meeting, the Board of Directors also approved a financing transaction that is considered a large transaction.

Notes to Editors

PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P₂O₅ content of not less than 39%).

The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia. It is Russia’s only producer of nepheline concentrate.