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OJSC PhosAgro (PHOR)

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Tuesday 10 January, 2012

OJSC PhosAgro

PhosAgro Ordinary Shares Included in MICEX MC I...


For Immediate Release                                           10 January 2012

PhosAgro Ordinary Shares Included in MICEX MC Index

Moscow - PhosAgro (MICEX-RTS, LSE: PHOR) ("the Company"), a leading global
vertically integrated phosphate-based fertilizer producer, announces that its
ordinary shares have been included in the MICEX Mid Cap Index (MICEX MC),
effective from 25 January 2012.

The MICEX Capitalization Indices include the most liquid shares traded on the
MICEX-RTS exchange and are weighted based on issuers' market capitalization.

In December 2011, PhosAgro GDRs were included in the Dow Jones Islamic Market
BRIC Equal Weighted Index, and PhosAgro shares were included in the RTS-2
Index.

For further information please contact:

OJSC "PhosAgro"
+7 495 231 2747
Irina Evstigneeva, Head of Corporate Finance and Investor Relations
Timur Belov, Press Officer

M:Communications
UK
Stuart Leasor
+ 44 20 7920 2317

Russia
Sam VanDerlip
+7 495 663 8005

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 (P2O5 content of not less than
35.7 percent), as well as ammonia and nitrogen-based fertilisers. In 2010, the
Group was the largest phosphate-based fertiliser 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 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.

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. The Group
is the only global vertically integrated fertilizer producer that derives
approximately 90% of its consolidated gross profit from the phosphates segment.
PhosAgro's 1H 2011 IFRS revenue was $1.7 bln and EBITDA was $620 mln. The ะก
ompany's net debt/EBITDA ratio was 0.6 at 30 June 2011.

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