For Immediate Release                                           3 August 2015

    PhosAgro GDR Conversion Re-Opened

    Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading
    vertically integrated phosphate-based fertilizer producers, announces that
    Citigroup Global Markets Deutschland AG has re-opened the conversion function
    of the Company's global depositary receipt ("GDR") facility after it was closed
    in June 2015.

    For further information please contact: 

    OJSC PhosAgro
    Irina Evstigneeva, Head of Corporate Finance and Investor Relations
    ir@phosagro.ru
    +7 495 231 3115 

    Timur Belov, Press Officer
    Anastacia Basos, Deputy Press Secretary
    +7 495 232 9689

    EM
    Sam VanDerlip
    vanderlip@em-comms.com
    +44 7554 993 032
    +7 499 918 3134

    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 (P2O5 content of not
    less than 39%), as well as ammonia and nitrogen-based fertilizers. 

    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.

    PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high
    quality apatite-nepheline ore.  The Company's mines and phosphate rock
    production facilities are located in the mountainous areas of the Kola
    Peninsula in the Murmansk region of northwest Russia, whereas its fertilizer
    and feed phosphate production assets are located near the city of Cherepovets
    in the Vologda region and near the city of Balakovo in the Saratov region of
    southwest part of European Russia. 

    PhosAgro's 2014 IFRS revenue was over USD 3.2 bln and EBITDA was USD 979 mln.

    For further information on PhosAgro please visit: www.PhosAgro.com