REG-PJSC PhosAgro: PhosAgro Board Elects Sven Ombudstvedt as Chairman

PhosAgro PAOAnnouncement

19/03/2018 14:16

For Immediate Release   5 March 2018 

PhosAgro Board Elects Sven Ombudstvedt as Chairman

Moscow – PhosAgro ("PhosAgro" or "the Company") (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. The Board of Directors
also re-elected as its Deputy Chairman Andrey G. Guryev, Vice President of the
Russian Union of Chemists.

At today’s meeting the Board of Directors also appointed the leadership and
members of the Board Committees. The Audit Committee will be chaired once
again by Independent Director and PhosAgro Board of Directors Member Marcus
Rhodes; PhosAgro CEO and Board of Directors Member Andrey A. Guryev was
re-appointed Chairman of the Strategy Committee; Independent Director and
PhosAgro Board of Directors Member James Rogers will lead the Remuneration and
Human Resources Committee, the Environmental, Health and Safety Committee will
be chaired by PhosAgro Board of Directors Member, PhosAgro Executive Director
and CEO of Apatit 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 composition    Previous composition  
 1.  Andrey A. Guryev      Andrey A. Guryev      
 2.  Mikhail Rybnikov      Mikhail Rybnikov      
 3.  Roman Osipov          Roman Osipov          
 4.  Alexei Sirotenko      Alexei Sirotenko      
 5.  Siroj Loikov          Siroj Loikov          
 6.  Alexander Sharabaika                        

These decisions were made at the first meeting of the Board of Directors that
was elected by an extraordinary general meeting of shareholders on 26 February
2018. The number of members of the Board of Directors remains 10 people, with
the new composition comprising an absolute majority of independent directors:

        New composition    Previous composition  
 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.   Irina Bokova*        Alexander Sharabaika  
 9.   Natalia Pashkevich*  Natalia Pashkevich*   
 10.  Andrey Sharonov*     Andrey Sharonov*      

* non-executive director

Notes to Editors

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 P(2)O(5)
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 (with a P(2)O(5) content of not
less than 37%) worldwide and the third largest MAP/DAP producer in the world
(excluding China), according to IFA. PhosAgro is also one of the leading
producers of feed phosphates (MCP) in Europe, and the only producer in Russia.
PhosAgro is Russia’s only producer of nepheline concentrate.

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.



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