Department Of Justice Closes Hart-Scott-Rodino Act Review Of Mosaic's Acquisition Of CF Industries Phosphates Business

    Department Of Justice Closes Hart-Scott-Rodino Act Review Of Mosaic's
               Acquisition Of CF Industries Phosphates Business

PR Newswire

PLYMOUTH, Minn., Jan. 15, 2014

PLYMOUTH, Minn., Jan. 15, 2014 /PRNewswire/ -- The Mosaic Company (NYSE: MOS)
announced that it has been advised that the United States Department of
Justice has closed its review and terminated the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of Mosaic's acquisition of the
phosphate business of CF Industries, Inc. (NYSE: CF). The waiting period was
scheduled to expire at the end of the day, January 15, 2014. The closing of
the transaction remains conditioned upon receipt of other regulatory
approvals. Mosaic and CF announced on October 28, 2013 that they had entered
into a definitive agreement relating to the proposed transaction.

About The Mosaic Company

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 the proposed transactions; the
benefits of the proposed transactions; future strategic plans and other
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 risks and uncertainties
arising from the possibility that the closing of the proposed phosphate asset
acquisition may be delayed or may not occur, including delays arising from
any inability to obtain governmental approvals of the transaction on the
proposed terms and schedule and the ability to satisfy other closing
conditions; difficulties with realization of the benefits of the proposed
transactions, including the risks that the acquired assets may not be
integrated successfully or that the cost savings from the transactions may not
be fully realized or may take longer to realize than expected; 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 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 adversely impacting nearby farms, business operations or properties;
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; the ability of
the Northern Promise joint venture among Mosaic, Ma'aden and SABIC to obtain
project financing in acceptable amounts and upon acceptable terms, the future
success of current plans for the joint venture and any future changes in those
plans; 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, Canadian resources taxes and royalties, or the
liabilities we are assuming in the proposed phosphate acquisition; brine
inflows at Mosaic's Esterhazy, Saskatchewan, potash mine or other potash shaft
mines; other accidents and disruptions involving Mosaic's operations,
including 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, 763-577-6187,
rob.litt@mosaicco.com; Or Investors: Laura Gagnon, The Mosaic Company,
763-577-8213, investor@mosaicco.com
 
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