OJSC PHOSAGRO: PhosAgro Announces Completion of SPO

For Immediate Release                                             22 April 2013 
PhosAgro Announces Completion of SPO 
Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), a leading global vertically
integrated phosphate-based fertilizer producer, announces the completion of all
payments and transfers as part of the offering of existing shares in the form
of shares and GDRs by a group of the Company's shareholders (the "Offering")
that was announced 8 April 2013. 
The existing shares were sold by the Cyprus-registered companies Adorabella
Limited and Chlodwig Enterprises Limited. 
The Offer price was USD 42.00 per ordinary share, which was equivalent to USD
14.00 per GDR. In total 11,111,000 existing shares were sold for the amount of
USD 466,662 thousand. 
In accordance with the conditions of the Offering, 79.65% of PhosAgro's shares
are subject to a lock-up period (deed of lock-up) from 12 April 2013 to 31
December 2013, and remaining 20.35% shares make up the Company's free float. 
BofA Merrill Lynch, Citigroup, Credit Suisse, Raiffeisen Bank International,
Renaissance Capital, Sberbank CIB, and VTB Capital acted as Joint Global
Coordinators and Joint Bookrunners for the Offering. 
For further information please contact: 
OJSC PhosAgro
+7 495 231 2747
Irina Evstigneeva, Head of Corporate Finance and Investor Relations
Timur Belov, Press Officer 
Sam VanDerlip
+44 (0) 20 7920 2356 
Notes to Editors 
PhosAgro is a leading global vertically integrated phosphate-based fertiliser
producer. The Group focuses on the production of phosphate-based fertilisers,
feed phosphate and high-grade phosphate rock (with P2O5 content of not less
than 39 percent), as well as ammonia and nitrogen-based fertilisers. 
The Group is the largest phosphate-based fertiliser producer in Europe, the
largest producer of high-grade phosphate rock worldwide and the second largest
MAP/DAP producer in the world (excluding China), according to Fertecon.
PhosAgro is also a leading producer of MCP feed phosphates 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, representing over 75 years of production. The
Group also controls substantial Al2O3 resources and has 41% of Russia's rare
earth oxides resources according to the G.P. Luzin Institute of Economic
Problems of the Kolskiy Scientific Centre of the Russian Academy of Sciences,
The Group'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 fertiliser 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
2011 IFRS revenue was over USD 3.4 bln and EBITDA was USD 1.2 bln. The С
ompany's net debt/EBITDA ratio was 0.43 at 31 December 2011. 
For further information on PhosAgro please visit: www.PhosAgro.com 
-0- Apr/22/2013 07:41 GMT
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