News Release

LINCOLNSHIRE, Ill., March 30, 2006 /PRNewswire via COMTEX News Network/ -- The Phosphate Chemicals Export Association Inc. (PhosChem) today announced a new diammonium phosphate (DAP) supply contract with India Potash Ltd (IPL). Under the terms of this agreement, PhosChem will supply IPL with 330,000 metric tonnes of DAP, which will be shipped in six Panamax vessels to India during April to September at prices reflecting the market at the time of shipment.

PhosChem was founded in 1974 in accordance with the provisions of the Webb-Pomerene Act and is the export marketing association for its members. The Act was created to promote U.S. exports. PhosChem is the largest exporter of concentrated phosphate from North America and its member companies include Mosaic Fertilizer, LLC, a wholly-owned subsidiary of The Mosaic Company (NYSE: MOS); PCS Phosphate Company, Inc., an indirect, wholly-owned subsidiary of Potash Corporation of Saskatchewan Inc. (NYSE: POT; Toronto); and Mississippi Phosphates Corporation.

SOURCE Phosphate Chemicals Export Association Inc.

Doug Hoadley of The Mosaic Company, +1-763-577-2867, or douglas.hoadley@mosaicco.com , or Betty-Ann Heggie of PCS Phosphate Company, +1-306-933-8521, or baheggie@potashcorp.com , or Steve Wehmann of Mississippi Phosphates, +1-601-898-9004, or swehmann@missphosphates.com , all for Phosphate Chemicals Export Association Inc.

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