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

PhosAgro PAOAnnouncement

31/05/2018 07:05

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 Independent Director, PhosAgro Board of Directors Member Xavier
Rolet.

At the meeting the Board of Directors also approved a preliminary workplan
effective through 30 June 2019.

These decisions were made at the first meeting of the Board of Directors that
was elected by an annual general meeting of shareholders on 30 May 2018. The
number of members of the Board of Directors remains 10 people, with the new
composition comprising an absolute majority of independent directors:

 No   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.   Xavier Rolet*        Ivan Rodionov*        
 6.   Marcus Rhodes*       Marcus Rhodes*        
 7.   Mikhail Rybnikov     Mikhail Rybnikov      
 8.   Irina Bokova*        Irina Bokova*         
 9.   Natalia Pashkevich*  Natalia Pashkevich*   
 10.  Andrey Sharonov*     Andrey Sharonov*      

* non-executive director

____________

* 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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