News Release

PLYMOUTH, Minn., Feb. 27 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that its subsidiary, Mosaic Global Holdings Inc. ("Mosaic Global Holdings"), is redeeming $29,395,000 aggregate principal amount of its 11.250% Senior Notes due 2011 (the "Notes") on April 2, 2007 pursuant to the terms of the Indenture dated as of May 17, 2001 relating to the Notes. The Notes are being redeemed at a price of $1,056.25 per $1,000 principal amount, together with accrued and unpaid interest of $37.8125 per $1,000 in principal amount of the Notes. The Notes being redeemed are those remaining after Mosaic Global Holdings' purchase pursuant to a tender offer of $374,065,000 aggregate principal amount of the Notes as part of a refinancing (the "Refinancing") by Mosaic and its subsidiaries of certain indebtedness on December 1, 2006. Mosaic Global Holdings is funding the redemption of the remaining Notes with general corporate funds, which include proceeds of the Refinancing.

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. For the global agriculture industry, Mosaic is a single source of phosphates, potash, nitrogen fertilizers and feed ingredients. More information on the company is available at http://www.mosaicco.com .

SOURCE The Mosaic Company
02/27/2007

CONTACT: Media Contact, Linda Thrasher, +1-763-577-2864, or Investor Contact, Douglas Hoadley, +1-763-577-2867, both of The Mosaic Company

8895 02/27/2007 09:14 EST http://www.prnewswire.com