OJSC PHOSAGRO - PhosAgro Statement on Claims by Former Employee

PR Newswire
London, May 21

For Immediate Release                                               21 May 2015

                PhosAgro Statement on Claims by Former Employee

Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading
vertically integrated phosphate-based fertilizer producers, states that
Alexander Gorbachev, a former employee of the Company, has issued proceedings
against the Company, members of the Board of Directors Andrey Guryev and Igor
Antoshin, and a number of the Company's shareholders (being individuals and
entities), in the district Court of Limassol in Cyprus, requiring the Court to
declare that the respondents have unlawfully deprived him of his right to
ownership of shares in PhosAgro.

The PhosAgro legal department stated: "We believe that these claims have no
legal basis, and that Mr. Gorbachev's sole aim in launching this case is to
damage the Company's reputation.

"We are absolutely confident in our position and we are fully prepared to
defend it in any jurisdiction where these claims may arise."

For further information please contact:

OJSC PhosAgro

Irina Evstigneeva, Head of Corporate Finance and Investor Relations
[e-mail]
[phone]

Timur Belov, Press Officer
Anastacia Basos, Deputy Press Secretary
[phone]

EM

Sam VanDerlip
[e-mail]
t: [phone]
t: [phone]

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