The Mosaic Company To Acquire ADM's Brazil And Paraguay Fertilizer Distribution Business

      The Mosaic Company To Acquire ADM's Brazil And Paraguay Fertilizer
                            Distribution Business

Acquisition Accelerates Mosaic's Previously Announced Brazil Growth Strategy

PR Newswire

PLYMOUTH, Minn., April 15, 2014

PLYMOUTH, Minn., April 15, 2014 /PRNewswire/ -- The Mosaic Company (NYSE: MOS)
signed definitive agreements today with Archer Daniels Midland Company (NYSE:
ADM) to acquire its fertilizer distribution business in Brazil and Paraguay
for $350 million. The purchase price assumes the delivery of $150 million in
working capital at closing. This acquisition is expected to significantly
accelerate Mosaic's previously announced growth plans in Brazil as well as
replace a substantial amount of planned internal investments in that country.
Under the terms of the agreement, Mosaic would acquire four blending and
warehousing facilities in Brazil, one in Paraguay and additional warehousing
and logistics service capabilities.

The Mosaic Company logo.

The acquisition of ADM's fertilizer distribution business would increase
Mosaic's annual distribution in the region from approximately four million
metric tonnes to about six million metric tonnes of crop nutrients. In
addition to the acquisition, Mosaic is in process of completing approximately
$100 million in projects including expansion of the company's port terminals,
plants and production capabilities.

"The addition of ADM's fertilizer distribution business in Brazil and Paraguay
facilitates two critical strategic priorities for Mosaic. It enhances our
global growth strategy and expands our market access," said Mosaic President
and Chief Executive Officer James T. Prokopanko. "This acquisition provides a
critical distribution platform in one of the world's fastest growing
agricultural regions, and it complements our other recent strategic
initiatives, including our joint venture in Saudi Arabia, our recent
acquisition of CF Industries' phosphate business and our ongoing potash
expansion program."

"Acquiring ADM's fertilizer distribution business accelerates our existing
growth plans in Brazil and provides access to new customers throughout the
country and in Paraguay," said Tobias Grasso, Mosaic's Country Manager in
Brazil. "We will gain scale and operating efficiencies through this
acquisition, as well as a talented group of employees who will join our team."

The parties have also negotiated the terms of five-year fertilizer supply
agreements providing forMosaic to supply ADM's fertilizer needs in Brazil and
Paraguay.

Mosaic will fund the acquisition with cash from operations. The transaction is
not expected to impact Mosaic's shareholder distribution plans. The proposed
sale will be contingent on customary regulatory approvals.

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 fertilizer distribution business in Brazil
and Paraguay of Archer Daniels Midland Company ("ADM") and the fertilizer
supply agreements with ADM; the benefits of the transactions with ADM; 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 failure to complete the proposed acquisition
with ADM, unexpected delays in completion of such transaction, realization of
the benefits of the transactions with ADM, 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; customer defaults; 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; changes in government policy; changes in
environmentaland other governmental regulation, including greenhouse gas
regulation; the effectiveness of the Company's processes for managing its
strategic priorities; 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 and strategic investments; and 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.

Logo - http://photos.prnewswire.com/prnh/20060331/MOSAICLOGO

SOURCE The Mosaic Company

Website: http://www.mosaicco.com
Contact: Media: Rob Litt, The Mosaic Company, 763-577-6187,
rob.litt@mosaicco.com, Investors, Laura Gagnon, The Mosaic Company,
763-577-8213, investor@mosaicco.com
 
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