REG-PhosAgro PJSC PhosAgro Announces Significant Reduction in its Stake in Phosint Limited

PhosAgro PAOAnnouncement

18/03/2022 12:15

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   PhosAgro PJSC (PHOR)
   PhosAgro Announces Significant Reduction in its Stake in Phosint Limited

   18-March-2022 / 15:00 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   For Immediate Release 18 March 2022

                                        

    

                                        

   PhosAgro Announces Significant Reduction in its Stake in Phosint Limited

                                        

   Moscow - PJSC PhosAgro  (Moscow Exchange, LSE: PHOR),  one of the  world's
   leading  vertically  integrated   phosphate-based  fertilizer   producers,
   announces that it  has reduced  its stake  in Phosint  Limited 1  1  as  a
   result of the  issue of additional  shares to Negrino  Limited, which  was
   established by the management of the company's trading structures.

   The acquisition by Negrino Limited of  a 95% stake in Phosint Limited  and
   the corresponding reduction in PhosAgro's  stake in Phosint Limited to  5%
   was the result of  a management buyout of  Phosint Limited by its  trading
   structures.

   Amid the  growing number  of restrictive  measures in  several  countries,
   changes in  Phosint Limited's  ownership structure  will help  ensure  the
   uninterrupted supply  of  PhosAgro's  products  to  international  trading
   companies.

   Despite the high degree of volatility and uncertainty in markets, PhosAgro
   remains focused on continuing  its stable operations  and is committed  to
   doing its utmost to meet its obligations in a suitable manner.

    

   About PhosAgro

    

   PhosAgro (www.phosagro.ru)  is  one  of  the  world's  leading  vertically
   integrated phosphate-based  fertilizer producers  in terms  of  production
   volumes of phosphate-based fertilizers and high-grade phosphate rock  with
   a P2O5  content of  39% and  higher. PhosAgro's  environmentally  friendly
   fertilizers stand out for their high  efficiency, and they do not lead  to
   the contamination of soils with heavy metals.

    

   The Company is the largest  phosphate-based fertilizer producer in  Europe
   (by total combined capacity for DAP/MAP/NP/NPK/NPS), the largest  producer
   of high-grade  phosphate rock  with a  P2O5 content  of 39%,  a  top-three
   producer of  MAP/DAP  globally,  one  of the  leading  producers  of  feed
   phosphates (MCP) in Europe, and the only producer in Russia, and  Russia's
   only producer of nepheline concentrate (according to the RAFP)

    

   PhosAgro's main products include  phosphate rock, more  than 50 grades  of
   fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate,  which
   are used  by  customers in  102  countries  spanning all  of  the  world's
   inhabited continents. The Company's priority markets outside of Russia and
   the CIS are Latin America, Europe and Asia.

    

   PhosAgro's shares are traded on the Moscow Exchange, and global depositary
   receipts (GDRs) for shares trade on  the London Stock Exchange (under  the
   ticker PHOR). Since 1 June 2016, the Company's GDRs have been included  in
   the MSCI Russia and MSCI Emerging Markets indexes.

    

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    2  1 PJSC PhosAgro had controlled all of the Company's foreign trading
   companies through Phosint Limited.

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   ISIN:          US71922G2093
   Category Code: MSCH
   TIDM:          PHOR
   LEI Code:      25340053KRUNNYUWF472
   Sequence No.:  150152
   EQS News ID:   1306663


    
   End of Announcement EQS News Service

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