PotashCorp Announces US $2 Billion Share Repurchase Program

         PotashCorp Announces US $2 Billion Share Repurchase Program

PR Newswire

SASKATOON, July 24, 2013

Listed: TSX, NYSE
Symbol: POT

SASKATOON, July 24,  2013 /PRNewswire/  - Potash  Corporation of  Saskatchewan 
Inc. (PotashCorp) today announced that its Board of Directors has approved the
commencement of a share repurchase program authorizing up to US $2 billion  in 
repurchases of  PotashCorp's  outstanding  common shares  (5  percent  of  its 
outstanding common  shares) over  a one-year  period through  a normal  course 
issuer bid. The  commencement of the  share repurchase program  is subject  to 
regulatory approval.

Purchases under the program may be made through the facilities of the  Toronto 
Stock Exchange (the  "TSX"), the New  York Stock Exchange  or other  published 
markets by means of open market transactions or by such other means as may  be 
permitted by  the  TSX and  applicable  U.S. securities  laws.  Common  shares 
repurchased under the program will be cancelled. The price PotashCorp will pay
for any common shares will be the market price at the time of purchase or such
other price as may  be permitted by  applicable regulatory requirements.  The 
actual number of common shares that  may be repurchased under the program  and 
the timing of  any such repurchases  will be determined  at the discretion  of 
PotashCorp.

                             -------------------

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  or  events  to  differ   materially  from  those  expressed  in   the 
forward-looking statements,  including,  but  not limited  to  the  following: 
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 within major markets; economic and political uncertainty
around the world; timing and impact of capital expenditures; risks  associated 
with natural gas  and other  hedging activities; changes  in capital  markets; 
unexpected or adverse  weather conditions;  changes in  currency and  exchange 
rates; unexpected  geological  or environmental  conditions,  including  water 
inflows; 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; rates  of 
return on and the risks associated  with our investments; changes in, and  the 
effects of, government policies and regulations; security risks related to our
information technology  systems;  and earnings  and  the decisions  of  taxing 
authorities, 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, 2012 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

Website:www.potashcorp.com