REG-PJSC PhosAgro: PhosAgro PDMR Shareholding Notice <Origin Href="QuoteRef">PHOR.MM</Origin>

PhosAgro PAOAnnouncement

18/04/2017 07:45

For Immediate Release   18 April 2017 

PhosAgro PDMR Shareholding Notice

Moscow – PJSC PhosAgro (Moscow Exchange, LSE: PHOR) ("PhosAgro", the
"Company"), one of the world’s leading vertically integrated phosphate-based
fertilizer producers, announces that Mr. Vladimir Litvinenko has acquired from
Igor Antoshin, a member of PhosAgro's Board of Directors, 6,228,950 ordinary
shares in PhosAgro, which is equivalent to 4.81% of the Company’s total
issued share capital. The transfer of ownership of the shares has been
completed.

As a result of this transaction, PhosAgro’s free float remains unchanged at
25.1% of the Company’s issued ordinary shares.

   1 Details of the person discharging managerial responsibilities / person closely associated                                                                                                                                          
 a)  Name                                                         Igor                                                                                                                                                                  
                                                                                                           Antoshin                                                                                                                      
   2 Reason for the notification                                                                                                                                                                                                        
                                                                  
 a)  Position/status                                              A member of the Board of directors                                                                                                                                    
 b)  Initial notification /Amendment                              Initial notification                                                                                                                                                  
                                                                                                                                                    
   3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                      
 a)  Name                                                         PJSC PhosAgro                                                                                                                                                         
 b)  LEI                                                          25340053KRUNNYUWF472                                                                                                                                                  
   4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted                                  
                                                                  
 a)  Description of the financial instrument, type of instrument  Ordinary shares; issue ?1-02-06556-A                                                                                                                                  
     Identification code                                                                                                                                                                     
 b)  Nature of the transaction                                    Sale of Ordinary shares                                                                                                                                               
 c)  Price(s) and volume(s)                                       Price(s)                                 Volume(s)                                                                                                                    
                         RUB 2,400 per share                                                               6,228,950 shares                                                                                                             
 d)  Aggregated information                                                                                                                                                                                                             
     Aggregated volume                                            6,228,950 shares                                                                                                                                                      
     Price                                                        RUB 14,949,480,000                                                                                                                                                    
 e)  Date of the transaction                                      12 April 2017                                                                                                                                                         
 f)  Place of the transaction                                     Outside a trading venue                                                                                                                                               
                                                                                                                                                                                                                                        

As a result of the transaction, the Company’s shareholding structure is as
follows:

          Shareholder          Ownershipe  
 Free float                      25.10%    
 Adorabella Limited              21.15%    
 Chlodwig Enterprises Limited    22.51%    
 Igor Antoshin*                   7.07%    
 Vladimir Litvinenko             19.35%    
 Evgeniya Guryeva                 4.82%    

Based on information available to the Company, the shares of Chlodwig
Enterprises Limited and Adorabella Limited are held by a trust, the economic
beneficiaries of which are Mr. Andrey G. Guryev and members of his family.

*Igor Antoshin’s stake in PhosAgro includes 2,489,540 ordinary shares in the
Company (1.92% of the share capital) that were transferred by him under a REPO
deal on 21.12.2016.

Notes to Editors

PhosAgro is one of the leading global vertically integrated phosphate-based
fertilizer producers. The Company focuses on the production of phosphate-based
fertilizers, feed phosphate and high-grade phosphate rock (P(2)O(5) content of
not less than 39%).

The Company is the largest phosphate-based fertilizer producer in Europe, the
largest producer of high-grade phosphate rock worldwide and the third largest
MAP/DAP producer in the world (excluding China), according to Fertecon.
PhosAgro is also one of the leading producers of feed phosphates (MCP) in
Europe, and the only producer in Russia. It is Russia’s only producer of
nepheline concentrate.

PhosAgro’s main products include phosphate rock, 33 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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