For Immediate Release                                                     

    Independent Director Sven Ombudstvedt Reappointed as Chairman of PhosAgro

    Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading
    vertically integrated phosphate-based fertilizer producers, announces that its
    Board of Directors has re-elected Independent Director Sven Ombudstvedt as its
    Chairman.  Andrey G. Guryev, Vice President of the Russian Union of Chemists,
    was elected Deputy Chairman of the Board.

    The Board of Directors also praised the work of CEO Andrey A. Guryev and
    confirmed his re-appointment in the post, in accordance with the recommendation
    of the Remuneration and Human Resources Committee.

    The Board of Directors appointed the chairmen and members of the Board
    Committees.  The Audit Committee will be chaired once again by Independent
    Director Marcus Rhodes; Andrey A. Guryev was appointed Chairman of the Strategy
    Committee; Independent Director James Rogers will lead the Remuneration and
    Human Resources Committee, while the Environmental, Health and Safety Committee
    will be chaired by Igor Antoshin.

    These decisions were made at the first meeting of the Board of Directors
    elected at the Annual General Meeting of shareholders ("AGM") on 31 May 2016.
    The new Board, more than half of whose members are independent directors,
    comprises:

      * Sven Ombudstvedt
      * Andrey G. Guryev
      * Andrey A. Guryev
      * Igor Antoshin
      * Marcus Rhodes
      * James Rogers
      * Ivan Rodionov
      * Mikhail Rybnikov

    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 2015 IFRS revenue was over USD 3.1 bln and EBITDA was USD 1.4 bln.

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