Mosaic Announces Sale of Minority Interest in Fosfertil S.A.

PLYMOUTH, Minn., Feb. 11 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today it has granted an option to purchase its minority stake in Fertilizantes Fosfatados S.A. ("Fosfertil") and Fertifos Administracao e Participacao S.A. ("Fertifos") to a subsidiary of Vale S.A. Mosaic also granted an option to purchase its Cubatao operations in Brazil to Vale. The purchase price for Mosaic's approximate 20 percent minority stake and the Cubatao operations is in excess of $1 billion. The sale is subject to Vale closing its previously announced purchase of Bunge Group's fertilizer business in Brazil, including its interest in Fosfertil. The sale of the Cubatao operations is expected to follow the closing of the sale of Mosaic's stake in Fosfertil and Fertifos. Both transactions are subject to a number of additional conditions.

This transaction will have no impact in Mosaic's significant fertilizer blending and distribution business in the country and its SSP production and port activities in the Paranagua complex.

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. For the global agriculture industry, Mosaic is a single source of phosphates, potash, nitrogen fertilizers and feed ingredients. 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 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 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 the effects of the current economic and financial turmoil; changes in 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; difficulties or delays in receiving, or increased costs of, necessary governmental permits or approvals; the effectiveness of our processes for managing our strategic priorities; adverse weather conditions affecting operations in Central Florida or the Gulf Coast of the United States, including potential hurricanes or excess rainfall; actual costs of asset retirement, environmental remediation, reclamation or other environmental regulation differing from management's current estimates; accidents and other disruptions involving Mosaic's operations, including brine inflows at its Esterhazy, Saskatchewan potash mine and other 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

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