RDIF attracted major international investors to SPO of PhosAgro

Press release, 09.02.2017

Moscow, 9 February 2017 – the Russian Direct Investment Fund (RDIF) formed a consortium of leading investors to participate in the secondary public offering of PhosAgro shares. Together with RDIF, the Russia-China Investment Fund (RCIF) which was established by RDIF and the China Investment Corporation, and leading funds from the Middle East participated in the acquisition of a minority equity position in one of the world’s largest vertically-integrated producers of mineral fertilizers.

Kirill Dmitriev, Co-CEO of RCIF and CEO of RDIF, noted:

“We believe in the attractiveness of the Russian equity market and are willing to participate in numerous notable offerings alongside our foreign partners. PhosAgro SPO, with RDIF participation alongside six leading sovereign wealth funds, has unlocked a good opportunity for us and our international partners to invest in one of the world’s leading producers of mineral fertilizers with lowest production costs globally and significant export potential. We are confident in the Company’s continued growth prospects and further strengthening of its position in Russia and abroad.”

Hu Bing, Co-CEO of RCIF, said:

“We are pleased to support the development of the industry leader, PhosAgro. This investment will strengthen the Сompany's position and may open the window for a more extensive cooperation with Chinese financial institutions. The Russian market needs more success stories, and this is the right moment to show one. The Russian stock market is recovering and attracting more investors from China and other countries.”

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Russian Direct Investment Fund (RDIF) was established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investments in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru

Russia-China Investment Fund (RCIF) is a joint fund established by the Russian Direct Investment Fund and China Investment Corporation (CIC). RCIF activities are aimed at the development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com

PhosAgro is one of the world's largest fertilizer producers. Its core line of business is the production of phosphate-based fertilizers and phosphate rock. The company was founded in 2001 and currently has a high-quality resource base allowing 75 years of production at current levels. Further information can be found at http://www.phosagro.ru/

For additional information contact:
Maria Medvedeva
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Andrew Hayes / Yulianna Vilkos
Hudson Sandler
Tel: +44 (0) 20 7796 4133

Tony Han
Russia-China Investment Fund
Beijing, China
Tel.: +86 10 5762 9000
Fax: +86 10 57629111
dong.han@rcif.com

Yury S. Trofimov
Russia-China Investment Fund
Moscow, Russia
Tel.: +7 (495) 230-05-55 ext. 4243
Mob.: +7 (985) 765-13-12
yury.trofimov@rcif.com