PhosAgro : puts new production facility into operation in Volkhov

Volkhov - PhosAgro has launched a new production facility at its Volkhov production complex. The new million-tonne plant will enable the Company to meet the growing demand of Russian farmers for years to come while also bolstering PhosAgro's position as the leading supplier of mineral fertilizers to the Russian market.

The upgrades and new construction carried out at the production site will have the following impacts:

• o annual production of mineral fertilizers will increase more than fourfold compared with 2019, when the construction of the new production facility began, to over 1 million tonnes;
• o processing of phosphate rock will increase more than fivefold to over 1.5 million tonnes per year;
• o sulphuric acid production will increase more than fivefold to 1.1 million tonnes per year;
• o phosphoric acid production will increase more than fivefold to 500 thousand tonnes per year; and
• o around 700 jobs have been created, including 330 highly skilled engineering jobs.

Advanced technologies were used in the construction of the eco-friendly production facility. Notably, the project involved the building of new plants for the extraction of phosphoric and sulphuric acids as well as for the production of water-soluble mineral fertilizers, new storage facilities, and a waste process steam recovery plant that can meet more than 80% of the site's electricity needs.

About the Company

PhosAgro (www.phosagro.ru) is a vertically integrated Russian company and one of the world's leading producers of mineral phosphorous fertilizers and of high-grade apatite concentrate grading 39% P2O5 and higher. PhosAgro's high-performance fertilizers produce crops with advanced features.

PhosAgro Group is the largest manufacturer of phosphate-based fertilisers in Europe (by total capacity of DAP/MAP/NP/NPK/NPS production), the largest producer of phosphite grading 39% P2O5 in the world and one of the leading global producers of ammonium and diammonium phosphate, one of Europe's leading and the only producer in Russia of monocalcium phosphate feed (MCP), and the only producer in Russia of nepheline concentrate.

The company's main products, including phosphite, 57 grades of fertilizer, phosphate feed, ammonium, and sodium tripolyphosphate, are used in around 100 countries on all inhabited continents. Our priority markets, besides Russia and the CIS, are Latin America, Europe, and Asia.

The company's shares are listed on the Moscow Exchange and its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (MOEX and LSE ticker: PHOR).

More information about PhosAgro PJSC can be found on our site: www.phosagro.ru