Mosaic Discloses Health Condition Of Jim Prokopanko

             Mosaic Discloses Health Condition Of Jim Prokopanko

PR Newswire

PLYMOUTH, Minn., March 20, 2014

PLYMOUTH, Minn., March 20, 2014 /PRNewswire/ --The Mosaic Company (NYSE:MOS)
announced today that its President and Chief Executive Officer, James T.
Prokopanko, has recently been diagnosed with cancer and is undergoing
chemotherapy.

"While this is a serious matter, the good news is that I'm feeling well and my
doctors have informed me that I was diagnosed at an early stage," Mr.
Prokopanko said. "I'm planning to work a regular schedule and perform my
duties as CEO, but will be limiting travel over the coming months while I
attend to this condition. I remain committed to my job, and to Mosaic's
employees, customers and shareholders. Fortunately, I have an experienced and
dependable team who will continue to work closely with me in advancing
Mosaic's strategic objectives during this period. I want to thank everyone
for their incredible encouragement and support, and for respecting my family's
privacy."

"Speaking on behalf of the entire Board, our thoughts and prayers are with Jim
and his family," said Robert L. Lumpkins, Chairman of Mosaic's Board of
Directors. "Jim is an exceptional leader for Mosaic and among his many
accomplishments has been the development of a talented management team who
will continue to advance the strategic direction, laid out by Jim and our
Board, during this difficult period. With Jim's assistance and leadership, we
have ensured there is a process for management continuity throughout his
treatment."

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 acquisition and assumption of
certain related liabilities of the Florida phosphate assets of CF Industries,
Inc. ("CF") and the ammonia supply agreements with CF; the benefits of the
transactions with CF; repurchases of stock; other proposed or pending future
transactions or 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 difficulties with realization
of the benefits of the transactions with CF, including the risks that the
acquired assets may not be integrated successfully or that the cost or capital
savings from the transactions may not be fully realized or may take longer to
realize than expected, or the price of natural gas or ammonia changes to a
level at which the natural gas based pricing under one of the long term
ammonia supply agreements with CF becomes disadvantageous to Mosaic; customer
defaults; the effects of Mosaic' decisions to exit business operations or
locations; 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 and other risks associated with Mosaic's
international operations and those of joint ventures in which Mosaic
participates, including the risk that protests against natural resource
companies in Peru extend to or impact the Miski Mayo mine; 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, 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, the
liabilities Mosaic is assuming in the proposed phosphate assets acquisition or
the cost of Mosaic's commitments to repurchase its stock; reduction of
Mosaic's available cash and liquidity, and increased leverage, due to its use
of cash and/or available debt capacity to fund share repurchases, financial
assurance requirements and strategic investments; 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, Ben Pratt, The Mosaic Company, 763-577-6102,
benjamin.pratt@mosaicco.com, Investors, Laura Gagnon, The Mosaic Company,
763-577-8213, nvestor@mosaicco.com
 
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