The Mosaic Company Announces Settlement Of Potash Antitrust Litigation

    The Mosaic Company Announces Settlement Of Potash Antitrust Litigation

PR Newswire

PLYMOUTH, Minn., Jan. 30, 2013

PLYMOUTH, Minn., Jan. 30, 2013 /PRNewswire/ --The Mosaic Company (NYSE: MOS)
today announced that it has agreed to settle previously reported potash
antitrust litigation. The litigation has been pending in U.S. District Court
in the Northern District of Illinois since 2008. Mosaic will pay $43.75
million to settle all claims with both putative classes. Mosaic chose to
settle these claims to avoid the significant costs, burden, and distraction of
protracted litigation.

Mosaic did not admit any wrongdoing and will be released from any liability in
connection with the plaintiffs' claims. The settlement is subject to final
court approval.

About Mosaic

The Mosaic Company is one of the world's leading producers and marketers of
concentrated phosphate and potash crop nutrients. Mosaic is a single source
provider of phosphate and potash fertilizers and feed ingredients for the
global agriculture industry. More information on the Company is available at
www.mosaicco.com.

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements about future financial and operating
results. Such statements are based upon the current beliefs and expectations
of The Mosaic Company's management and are subject to significant risks and
uncertainties. These risks and uncertainties include but are not limited to
the predictability and volatility of, and customer expectations about,
agriculture, fertilizer, raw material, energy and transportation markets that
are subject to competitive and other pressures and economic and credit market
conditions; the level of inventories in the distribution channels for crop
nutrients; changes in foreign currency and exchange rates; international trade
risks; changes in government policy; changes in environmental and other
governmental regulation, including greenhouse gas regulation, implementation
of the U.S. Environmental Protection Agency's numeric water quality standards
for the discharge of nutrients into Florida waterways or possible efforts to
reduce the flow of excess nutrients into the Mississippi River basin or the
Gulf of Mexico; further developments in judicial or administrative
proceedings, or complaints that Mosaic's operations are affecting nearby
property uses; difficulties or delays in receiving, increased costs of or
challenges to necessary governmental permits or approvals or increased
financial assurance requirements; resolution of global tax audit activity; the
effectiveness of the Company's processes for managing its strategic
priorities; adverse weather conditions affecting operations in Central Florida
or the Mississippi River basin or the Gulf Coast of the United States, and
including potential hurricanes, excess rainfall or drought; actual costs of
various items differing from management's current estimates, including, among
others, asset retirement, environmental remediation, reclamation or other
environmental regulation, or Canadian resources taxes and royalties; accidents
and other disruptions involving Mosaic's operations, including brine inflows
at its Esterhazy, Saskatchewan potash mine and other potential mine fires,
floods, explosions, seismic events or releases of hazardous or volatile
chemicals, as well as other risks and uncertainties reported from time to time
in The Mosaic Company's reports filed with the Securities and Exchange
Commission. Actual results may differ from those set forth in the
forward-looking statements.

SOURCE The Mosaic Company

Website: http://www.mosaicco.com
Contact: Media, Rob Litt, The Mosaic Company, +1-763-577-6187,
rob.litt@mosaicco.com, Investors, Laura Gagnon, The Mosaic Company,
+1-763-577-8213, investor@mosaicco.com