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PotashCorp Confirms Approval of Share Repurchase Program



           PotashCorp Confirms Approval of Share Repurchase Program

PR Newswire

SASKATOON, July 31, 2013

Listed:  TSX, NYSE 
Symbol: POT

SASKATOON, July 31, 2013 /PRNewswire/ - Potash Corporation of Saskatchewan
Inc. (PotashCorp) announced today that the Toronto Stock Exchange (the TSX)
has approved PotashCorp's previously announced share repurchase program to
purchase for cancellation up to 43,345,992 common shares, representing 5
percent of its outstanding common shares, over a one-year period through a
normal course issuer bid subject to a maximum aggregate amount of US$2
billion.

Repurchases under the program may commence on August 2, 2013 and will
terminate not later than August 1, 2014.  There were 866,919,856 common shares
outstanding as at July 30, 2013.  Common shares repurchased under the program
will be cancelled.

Purchases under the program may be made through the facilities of the TSX, the
New York Stock Exchange or alternative trading platforms in Canada or the
United States by means of open market transactions or by such other means as
may be permitted by the TSX and applicable U.S. securities laws. 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 in
the discretion of PotashCorp and will be subject to the limitations imposed by
the rules and regulations of the TSX and Rule 10b-18 (Rule 10b-18) under the
Securities Exchange Act of 1934 (including the average daily trading volume
(ADTV) limitations).  The ADTV of the company's shares on the TSX (for the 6
months ended June 30, 2013) and the NYSE (for the preceding four calendar
weeks as of the date hereof) was 1,674,581 common shares and 7,234,374 common
shares, respectively.  Under the rules of the TSX, PotashCorp is entitled to
repurchase during the same trading day on the TSX up to 25% of the ADTV of its
common shares traded on the TSX, being 418,645 common shares (subject to
certain limited exceptions).  In addition, PotashCorp may repurchase during
the same trading day on the NYSE up to 25% of the ADTV of its common shares
traded on the NYSE.

PotashCorp believes that from time to time the purchase of common shares at
the prevailing market price is in the best interests of the Corporation.

                   _______________________________________

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.

Web Site: www.potashcorp.com

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, 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, 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
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