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PhosAgro PAOAnnouncement

30/01/2018 14:05

For Immediate Release   30 January 2018 

Former UNESCO Director-General Irina Bokova Nominated for PhosAgro Board of
Directors

Moscow – PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE:
PHOR), one of the world’s leading vertically integrated phosphate-based
fertilizer producers, announces that Irina Bokova**, the former
Director-General of UNESCO, has been nominated to its Board of Directors

Today the Company’s Board of Directors approved the list of candidates for
the Board of Directors that will be voted on by an Extraordinary General
Meeting (”EGM”) of shareholders on 26 February 2018. This list includes:

        Name of candidate   
 1.   Andrey A. Guryev      
 2.   Andrey G. Guryev*     
 3.   Sven Ombudstvedt*     
 4.   James Rogers*         
 5.   Ivan Rodionov*        
 6.   Marcus Rhodes*        
 7.   Mikhail Rybnikov      
 8.   Alexander Sharabaika  
 9.   Natalia Pashkevich*   
 10.  Andrey Sharonov*      
 11   Irina Bokova*         
 12.  Yuriy Krugovykh       
 13.  Roman Osipov          

* non-executive director

PhosAgro CEO Andrey Guryev said: “We hope that following the EGM, the number
of independent directors in PhosAgro’s Board of Directors will increase, in
line with best practice in corporate governance.”

The EGM will also vote on a dividend payment of RUB 2.72 billion, which
represents RUB 21 per ordinary share (RUB 7 per global depositary receipt).
The Board of Directors recommended this dividend payment at its meeting on 21
November 2017. The record date for participation in the EGM was 4 January
2018.

At its meeting today the Board of Directors also approved a number of
interested party transactions.

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, 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.

** Irina Bokova was the Director-General of UNESCO for two four-year terms
(2009 - 2017). She was the first woman and the first Eastern European leader
of the Organisation. Her long and successful career has included positions
such as Bulgaria's first Secretary of State for European Integration, Foreign
Minister of Bulgaria, twice an MP, Ambassador of Bulgaria to France and
Monaco, and the Permanent Representative of the Republic of Belarus to UNESCO.
Irina Bokova also contributed to the development of the new Constitution of
Bulgaria in 1991. She received a diploma from the Moscow State Institute of
International Relations, continued her education at the University of Maryland
(USA) and completed courses in management at the John F. Kennedy School of
Public Administration at Harvard University.



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