REG-PJSC PhosAgro: PhosAgro Board HR Committee Holds Meeting

PhosAgro PAOAnnouncement

09/04/2018 07:05

For Immediate Release   9 April 2018 

PhosAgro Board HR Committee Holds Meeting

Moscow – Xavier Rolet has been nominated as a candidate for election to the
Board of Directors of PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange,
LSE: PHOR), one of the world’s leading vertically integrated phosphate-based
fertilizer producers, by the Annual General Meeting of Shareholders scheduled
for 30 May 2018.

The list of candidates for the new Board of Directors was reviewed at a recent
meeting of the Remuneration and Human Resources Committee of the Board of
Directors of PhosAgro as part of a discussion on the assessment of
professional qualifications and independence of candidates nominated to the
Board of Directors.

In addition to Xavier Rolet, who has not previously served as a member of the
Company’s Board of Directors, the other candidates who have been nominated
as Independent Directors on the basis of their strong reputation among
investors are Sven Ombudstvedt, Chairman of PhosAgro’s Board of Directors;
Marcus Rhodes, Chairman of the Audit Committee of PhosAgro’s Board of
Directors; Irina Bokova, the first female Director-General of UNESCO, who held
this position for two four-year terms from 2009 to 2017; legendary
international investor Jim Rogers; world-renowned scientist Natalia
Pashkevich; and Andrey Sharonov, who has extensive experience both in
government and the investment business.

Xavier Rolet successfully headed the London Stock Exchange Group (LSEG),
Europe’s leading exchange group, for nine years. Under his leadership, LSEG
successfully implemented a strategy that developed the exchange as a global
financial institution and established a strong management team. Under
Xavier’s leadership, LSEG has become a truly diversified player in the
global financial infrastructure, whose market capitalisation has grown from
£800 million to £14 billion. In 2017, the Harvard Business Review included
him in their list of the best-performing CEOs in the world.

Xavier, with his extensive professional experience, would strengthen the
Company’s Board of Directors, helping to further diversity the mix of skills
and experience its members bring. He will also contribute to the further
improvement of PhosAgro’s corporate governance system. The Company intends
to continue to develop its corporate governance in line with global best
practices.

PhosAgro CEO Andrey Guryev said:

“We would be delighted to welcome Xavier Rolet to the Board of Directors.
Under his successful leadership, Europe’s leading stock exchange
significantly increased its market capitalisation. He has invaluable capital
markets experience thanks to his long tenure at the head of a large
international financial institution with a UK listing. His exceptional
knowledge of best practices in corporate governance and information disclosure
for financial markets would also be useful to our company.”

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.

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 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, 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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