REG-PJSC PhosAgro: PhosAgro Appoints Mikhail Rybnikov as First Deputy CEO

PhosAgro PAOAnnouncement

17/10/2018 16:00

For Immediate Release   17 October 2018 

PhosAgro Appoints Mikhail Rybnikov as First Deputy CEO, promotes Vladimir
Davydenko to General Director of JSC Apatit

Moscow – PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE:
PHOR), one of the world’s leading vertically integrated phosphate-based
fertilizer producers, announces that Mikhail Rybnikov, who had previously
worked as the General Director of JSC Apatit, has been appointed First Deputy
CEO of PhosAgro.

Mikhail Rybnikov, who prior to this appointment held the positions of COO of
PhosAgro and General Director of JSC Apatit, will focus on issues of strategic
development and coordinating the investment activities of PhosAgro’s
production subsidiaries.

In recent years, under the direct supervision of Mikhail Rybnikov, JSC Apatit
and its branches successfully implemented a number of large investment
projects, including the construction of new high-tech ammonia and urea
production lines in Cherepovets, an ammonia pipeline in Balakovo, NPS
fertilizer production in Volkhov and Main Shaft #2 in Kirovsk.

Vladimir Davydenko, who has been appointed General Director of JSC Apatit,
previously held the position of First Deputy Director to Mikhail Rybnikov and
Technical Director of JSC Apatit. Under his leadership, work is currently
underway in Cherepovets to implement the construction of new ammonium
sulphate, sulphuric and nitric acid plants, as well as to analyse
opportunities to develop PhosAgro’s chemical complex in Volkhov.

PhosAgro CEO Andrey Guryev stated that these personnel decisions are aimed at
further improving the efficiency and reliability of the Company's production
assets, modernising existing facilities and building new capacities.

For further information please contact:

PhosAgro

Timur Belov, Press Officer
+7 495 232 9689

EM
Sam VanDerlip
vanderlip@em-comms.com
+44 7554 993 032
+7 499 918 3134

About the Company

PhosAgro 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.

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, 39 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.

More information about PhosAgro can be found on the website: www.phosagro.ru



Copyright (c) 2018 PR Newswire Association,LLC. All Rights Reserved