REG-PJSC PhosAgro: Sven Ombudstvedt Reappointed as Board Chairman <Origin Href="QuoteRef">PHOR.MM</Origin>

PhosAgro PAOAnnouncement

05/10/2017 15:31

For Immediate Release   5 October 2017 

Sven Ombudstvedt Reappointed as Board Chairman

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading
vertically integrated phosphate-based fertilizer producers, announces that its
Board of Directors has re-elected Independent Director Sven Ombudstvedt as its
Chairman.  Andrey G. Guryev, Vice President of the Russian Union of Chemists,
was elected Deputy Chairman of the Board.

The Board of Directors appointed the leadership and members of the Board
Committees.  The Audit Committee will be chaired once again by Independent
Director Marcus Rhodes; PhosAgro CEO and Board of Directors Member Andrey A.
Guryev was re-appointed Chairman of the Strategy Committee; Independent
Director James Rogers will lead the Remuneration and Human Resources
Committee, the Environmental, Health and Safety Committee will be chaired by
PhosAgro-Cherepovets General Director and PhosAgro Board of Directors Member
Mikhail Rybnikov; the Risk Management Committee will be chaired by Ivan
Rodionov.

In addition, members of the Management Board of PhosAgro were appointed, and
members of the Management Board were granted permission to hold management
positions at other organisations:

 ?   New Management Board  Previous Management board  
 1.  Andrey A. Guryev      Andrey A. Guryev           
 2.  Mikhail Rybnikov      Mikhail Rybnikov           
 3.  Roman Osipov          Alexander Sharabaika       
 4.  Alexei Sirotenko      Alexei Sirotenko           
 5.  Siroj Loikov          Siroj Loikov               

These decisions were made at the first meeting of the Board of Directors,
which was elected by an EGM on 2 October 2017. The number of members of the
Board of Directors was increased from 8 to 10 people, half of which are
independent:

 ?    New Board of Directors  Previous Board of Directors  
 1.   Andrey A. Guryev        Andrey A. Guryev             
 2.   Andrey G. Guryev        Andrey G. Guryev             
 3.   Sven Ombudstvedt*       Sven Ombudstvedt*            
 4.   James Rogers*           James Rogers*                
 5.   Ivan Rodionov*          Ivan Rodionov*               
 6.   Marcus Rhodes*          Marcus Rhodes*               
 7.   Mikhail Rybnikov        Mikhail Rybnikov             
 8.   Alexander Sharabaika    Igor Antoshin                
 9.   Natalia Pashkevich*                                  
 10.  Andrey Sharonov*                                     

* non-executive director

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 (P(2)O(5) content of
not less than 39%), as well as ammonia and nitrogen-based fertilizers.

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.

PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high
quality apatite-nepheline ore. The Company's mines and phosphate rock
production facilities are located in the mountainous areas of the Kola
Peninsula in the Murmansk region of northwest Russia, whereas its fertilizer
and feed phosphate production assets are located near the city of Cherepovets
in the Vologda region and near the city of Balakovo in the Saratov region of
southwest part of European Russia.

PhosAgro’s 2016 IFRS revenue was over USD 2.8 bln and EBITDA was USD 1.08
bln.

For further information on PhosAgro please visit: www.PhosAgro.com



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