For Immediate Release                                         25 January 2017

    PhosAgro Director Shareholding Notice

    Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading
    vertically integrated phosphate-based fertilizer producers, announces that Igor
    Antoshin, who is a member of the Company's Board of Directors and sits on the
    Environmental, Health and Safety Committee, has informed the Company about the
    liquidation of companies in which Mr. Antoshin was the sole shareholder:
    Dubberson Holdings Limited, Carranita Holdings Limited and Vindemiatrix Trading
    Limited.  As a result of the liquidations, Igor Antoshin is now the owner of
    16,395,038 shares of PJSC PhosAgro (12.66% of listed shares) previously owned
    by Dubberson Holdings Limited, Carranita Holdings Limited and Vindemiatrix
    Trading Limited.

    Igor Antoshin holds direct control over 12.66% of PhosAgro's share capital.

       1 Details of the person discharging managerial responsibilities / person     
         closely associated                                                         
                                                                                    
    a)   Name           Igor                                                        
                                                                                    
                        Antoshin                                                    
                                                                                    
       2 Reason for the notification                                                
                                                                                    
    a)   Position/      A member of the Board of directors                          
         status                                                                     
                                                                                    
    b)   Initial        Initial notification                                        
         notification /                                                             
         Amendment                                                                  
                                                                                    
       3 Details of the issuer, emission allowance market participant, auction      
         platform, auctioneer or auction monitor                                    
                                                                                    
    a)   Name           PJSC PhosAgro                                               
                                                                                    
    b)   LEI            -                                                           
                                                                                    
       4 Details of the transaction(s): section to be repeated for (i) each type of 
         instrument; (ii) each type of transaction; (iii) each date; and (iv) each  
         place where transactions have been conducted                               
                                                                                    
    a)   Description of Ordinary shares; issue ?1-02-06556-A                        
         the financial                                                              
         instrument,                                                                
         type of                                                                    
         instrument                                                                 
                                                                                    
         Identification                                                             
         code                                                                       
                                                                                    
    b)   Nature of the  Transfer of ordinary shares                                 
         transaction                                                                
                                                                                    
    c)   Price(s) and   Price(s)        Volume(s)                                   
         volume(s)                                                                  
                        Nil             8,639,705                                   
                        consideration                                               
                                                                                    
                        Nil             4,028,519                                   
                        consideration                                               
                                                                                    
                        Nil             3,726,814                                   
                        consideration                                               
                                                                                    
    d)   Aggregated                                                                 
         information                                                                
                                                                                    
         Aggregated     16,395,038                                                  
         volume                                                                     
                                                                                    
         Price          Nil consideration                                           
                                                                                    
    e)   Date of the    17 January 2017                                             
         transaction                                                                
                                                                                    
    f)   Place of the   Outside a trading venue                                     
         transaction                                                                


    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%).

    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. It is Russia's only producer of
    nepheline concentrate.

    PhosAgro's main products include phosphate rock, 33 grades of fertilizers, feed
    phosphates, ammonia, and sodium tripolyphosphate, which are used by customers
    in 100 countries spanning all of the world's inhabited continents. The
    Company's priority markets outside of Russia and the CIS are Latin America,
    Europe and Asia.

    PhosAgro's shares are traded on the Moscow Exchange, and global depositary
    receipts ("GDRs") for shares trade on the London Stock Exchange (under the
    ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in the
    MSCI Russia and MSCI Emerging Markets indexes.