REG-PJSC PhosAgro: Former LSE CEO Xavier Rolet Joins INED

PhosAgro PAOAnnouncement

30/05/2018 18:30

For Immediate Release   30 May 2018 

 Former LSE CEO Xavier Rolet Joins PhosAgro’s Team of Independent Directors

Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading
vertically-integrated phosphate-based fertilizer producers, announces that
Xavier Rolet has joined the Company’s Board of Directors.

Today, the new composition of the Board of Directors of PJSC PhosAgro was duly
elected at the Annual General Meeting of shareholders (AGM).

Xavier Rolet successfully led the London Stock Exchange Group (LSEG),
Europe’s leading stock exchange group, for nine years. Under his leadership,
the LSEG developed and executed an effective and successful strategy that
transformed the Exchange as a global financial institution, and also
established a strong senior management team. As a result, the LSEG under
Xavier Rolet became a genuinely diversified player on the global financial
infrastructure market, and its market capitalisation increased from GBP 800
million to GBP 14 billion. In 2017 Harvard Business Review named Xavier Rolet
one of the world’s 100 top CEOs.

PhosAgro CEO Andrey Guryev said: “We are delighted to welcome Xavier to the
Board as an independent director. He has unrivalled knowledge of global
capital markets as he has successfully headed a major international financial
institution. We believe that his insights and unique skillset will benefit our
Company.”

PhosAgro CEO Andrey Guryev further noted that with this appointment
independent directors now account for the majority of Board members.

Along with Rolet the following candidates were elected as new Board members:
Sven Ombudstvedt, Chairman of the Board of Directors; Marcus Rhodes, Chairman
of the Audit Committee of the Board; Irina Bokova, the first woman to become
the CEO of UNESCO where she served two four-year terms between 2009 and 2017;
Jim Rogers, international investor; Natalia Pashkevich, a world-renowned
scientist; Andrey Sharonov, who has extensive experience of working in
government and investment.

Chairman of PhosAgro’s Board of Directors Sven Ombudstvedt said: “Xavier
Rolet will undoubtedly strengthen the Board yet further, extending the range
of knowledge and skills of its members and helping to further improve
PhosAgro’s corporate governance system and comply with the best market
practice”.

PhosAgro’s New Board of Directors will now include the following members:
1. Andrey A. Guryev
2. Andrey G. Guryev
3. Sven Ombudstvedt
4. Jim Rogers
5. Xavier Rolet
6. Marcus Rhodes
7. Mikhail Rybnikov
8. Irina Bokova
9. Natalia Pashkevich
10. Andrey Sharonov
Biographical information

Xavier R. Rolet was the CEO of the London Stock Exchange Group (LSEG) from May
2009 to December 2017. Under his leadership, the company acquired MillenniumIT
(2009), Turquoise Holdings Ltd (2010), FTSE Group (2011), TRS (2011), GATElab
Srl (2012), EuroTLX Srl (2013), LCH.Clearnet (2013), Bonds.com (2014),
Exactpro(2015), XTF (2015) and the Frank Russell Company (2014) from
Northwestern Mutual, which in October 2015 sold its asset management division
to TA Associates and Reverence Capital Partners. In 2016, he acquired Mergent,
Inc. and the Yield-Book & Citigroup’s Global Fixed Income Index Business
from Citigroup, making FTSE Russell the largest index company in the world
with ca $15 trillion of assets under benchmark. In October 2015, LSE Group
launched Curve Global, a new futures exchange co-owned with Barclays Bank,
Bank of America, Citi, Goldman Sachs, Société Générale, BNP Paribas and
the Chicago Board Options Exchange. Under his tenure, the value of the London
Stock Exchange Group increased from £800 million to £14 billion. Prior to
joining the London Stock Exchange Group, Xavier Rolet worked for Lehman
Brothers, Kleinwort Benson, CS First Boston and Goldman, Sachs & Co.

 After graduating from the KEDGE Business School with an MSc in management
science and finance in 1981, Xavier served as a second lieutenant and
instructor at the French Air Force Academy, and earned an MBA from Columbia
Business School in 1984 and a post-graduate degree from Paris-based IHEDN
(Institute of Advanced Studies in National Defence) in 2008.

 Xavier then became a member of the European Securities Markets Expert Group
of the European Commission, a member of the French Government’s Conseil
Stratégique de l’Attractivité(“Strategic Council for Attractiveness”),
a board member of the American Chamber of Commerce in France, and a member of
Chatham House in London.

 Xavier is a member of the Board of Overseers of Columbia University Business
School, an Honorary Fellow of the Chartered Institute for Securities and
Investments FSCI (Hon), and was a member of the Financial Services Trade and
Investment Board of HM Treasury (FSTIB). Since Oct 2017, he has been a member
of the Committee of Expert Advisers at the Department for International Trade.
He was also a member of Prime Minister David Cameron’s Business Advisory
Group and was a member of the Governor of the Bank of England’s Financial
Services Forum and of the Bank of England’s Open Forum. In October 2015, he
was appointed an Honorary Knight Commander of the Most Excellent Order of the
British Empire (KBE) by Her Majesty Queen Elizabeth II. In December 2015, he
was appointed Echansonnier ‘A Camera Paramenti’ of the Echansonnerie de
Châteauneuf-du-Pape. In January 2016, President of France Francois Hollande
made him a Knight of the National Order of the Legion of Honour of the French
Republic. In July 2016, he was made an Officer of the Royal Sharifian Order of
Al-Alaoui (Order of OuissamAlaouite) by His Majesty King Mohammed VI of
Morocco. In 2017, the highly respected Harvard Business Review included him on
their list of the best-performing 100 CEOs in the world. Futures & Options
World awarded him its 2017 Lifetime Achievement Award. He received the same
Lifetime Management award in 2018 from both Risk Magazine and the City of
London Wealth Management Association.

He was awarded the Order of Friendship of the Russian Federation (?????
??????) by Ambassador Alexander Yakovenko on behalf of Foreign Minister of the
Russian Federation Sergei Lavrov.

____________

* 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 not less than 39% (according to IFA, Fertecon and CRU).

The Company is the largest phosphate-based fertilizer producer in Europe, the
largest producer of high-grade phosphate rock worldwide, and one of the
top-three MAP/DAP producers in the world (by production volumes, according to
IFA). PhosAgro is also one of the leading producers of feed phosphates (MCP)
in Europe, and the only producer in Russia (according to CRU and RAFP).
PhosAgro is Russia’s only producer of nepheline concentrate (according to
RAFP).

PhosAgro’s main products include phosphate rock, over 35 grades of
fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are
used by customers in 100 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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