PhosAgro PJSC: PhosAgro Received Permission to Maintain its Depositary Receipts Programme

Moscow PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, further to its notice of 29 April 2022, hereby announces that, on 19 May 2022, it received a formal permission from the Government Commission on Control for Effectuation of Foreign Investments dated 18 May 2022 authorising PhosAgro to maintain its depositary receipts programme effective and the depositary receipts issued thereunder (ISINs: US71922G3083; US71922G4073; US71922G1004) (the "DRs") to remain in circulation (the "Permission").