PotashCorp Settles Antitrust Cases in United States

             PotashCorp Settles Antitrust Cases in United States

PR Newswire

SASKATOON, Jan. 30, 2013

Symbol: POT
Listed: TSX, NYSE

SASKATOON, Jan. 30, 2013 /PRNewswire/ - Potash Corporation of Saskatchewan
Inc. (PotashCorp) announced today that it and its wholly owned subsidiary PCS
Sales (USA) Inc. have settled eight private antitrust lawsuits, which were
filed by direct and indirect purchasers of potash in the United States in U.S.
federal courts in 2008, for a total of $43.75 million. The settlements are
subject to final approval of the U.S. District Court for the Northern District
of Illinois. PotashCorp expressly denies any wrong-doing but decided to
settle after weighing the multi-year financial cost and resources that would
be required to defend these meritless allegations. The other potash producers
who were defendants in these cases also have settled with the plaintiffs.

"These allegations are completely without merit and we deny all of the claims
asserted in the lawsuit," said Bill Doyle, President and CEO for PotashCorp.
"The reality is that we weighed the multi-year effort in time and resources
that would have been required to defend this lawsuit, and determined that our
management should remain focused on the production of potash and serving our
customers. This settlement serves as another example of the well documented
abuse of class actions in the United States where self-interested plaintiffs'
attorneys enlist nominal plaintiffs - some of whom have served in that
capacity in multiple class actions - to assert meritless claims in lawsuits
where neither the plaintiffs' lawyers nor their clients have anything to lose
but in which defendants face the enormous burden, distraction and expense of
litigation even though we did nothing wrong. This is simply a wasteful and
unnecessary cost of doing business in the United States."

                   _______________________________________

PotashCorp is the world's largest crop nutrient company and plays an  integral 
role in  global food  production.  The company  produces the  three  essential 
nutrients required to help farmers  grow healthier, more abundant crops.  With 
global population rising  and diets improving  in developing countries,  these 
nutrients offer a responsible and practical solution to meeting the  long-term 
demand for food. PotashCorp  is the largest producer,  by capacity, of  potash 
and third largest producer of nitrogen and phosphate. While agriculture is its
primary market, the company  also produces products  for animal nutrition  and 
industrial uses. Common shares of Potash Corporation of Saskatchewan Inc.  are 
listed on the Toronto Stock Exchange and the New York Stock Exchange.

This release contains forward-looking statements or forward-looking
information (forward-looking statements). These statements can be identified
by expressions of belief, expectation or intention, as well as those
statements that are not historical fact. These statements are based on certain
factors and assumptions including with respect to foreign exchange rates,
expected growth, results of operations, performance, business prospects and
opportunities and effective tax rates. While the company considers these
factors and assumptions to be reasonable based on information currently
available, they may prove to be incorrect. Several factors could cause actual
results to differ materially from those expressed in the forward-looking
statements, including, but not limited to: variations from our assumptions
with respect to foreign exchange rates, expected growth, results of
operations, performance, business prospects and opportunities, and effective
tax rates; fluctuations in supply and demand in the fertilizer, sulfur,
transportation and petrochemical markets; costs and availability of
transportation and distribution for our raw materials and products, including
railcars and ocean freight; changes in competitive pressures, including
pricing pressures; adverse or uncertain economic conditions and changes in
credit and financial markets; the results of sales contract negotiations with
major markets; the European sovereign debt crisis and the recent downgrade of
US sovereign debt and political concern over budgetary matters; timing and
impact of capital expenditures; risks associated with natural gas and other
hedging activities; changes in capital markets and corresponding effects on
the company's investments; unexpected or adverse weather conditions; changes
in currency and exchange rates; unexpected geological or environmental
conditions, including water inflow; imprecision in reserve estimates; adverse
developments in new and pending legal proceedings or government
investigations; acquisitions we may undertake; strikes or other forms of work
stoppage or slowdowns; changes in and the effects of, government policies and
regulations; security risks related to our information technology systems and
earnings, exchange rates and the decisions of taxing authorities, all of which
could affect our effective tax rates. Additional risks and uncertainties can
be found in our Form 10-K for the fiscal year ended December 31, 2011 under
the captions "Forward-Looking Statements" and "Item 1A - Risk Factors" and in
our other filings with the US Securities and Exchange Commission and the
Canadian provincial securities commissions. Forward-looking statements are
given only as at the date of this release and the company disclaims any
obligation to update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.

SOURCE Potash Corporation of Saskatchewan Inc.

Contact:

Investors
Denita Stann
Vice President, Investor and Public Relations
Phone: (306) 933-8521
Email:ir@potashcorp.com

Media
Bill Johnson
Senior Director, Public Affairs
Phone: (306) 933-8849
Email:pr@potashcorp.com

Web Site:www.potashcorp.com
 
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