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Footnotes

1. Availability of Raw Materials Source: Fertecon, EIA
2. Cost of New Capacity Source: Fertecon, PotashCorp
3. Greenfield Definition: New operation built on undeveloped site
4. Greenfield Development Time Source: Fertecon, PotashCorp
5. Producing Countries Source: Fertecon
6. State- or Subsidy-Controlled Capacity Source: Fertecon, British Sulphur, PotashCorp
7. Industry Operating Rate Source: Fertecon, PotashCorp
8. PotashCorp Nameplate Capacity Source: PotashCorp
9. PotashCorp World Source: Fertecon; Blue, Johnson; Agrium;
  Position by Capacity Mosaic; PotashCorp
10. 5-Year Demand Growth CAGR Source: Fertecon
11. Total World Demand Source: Fertecon, IFA, PotashCorp
12. PotashCorp Share of World Production Source: Fertecon; Blue, Johnson; Agrium; Mosaic; PotashCorp

Abbreviated Company Names and Sources*

AgraFNP AgraFNP Informa Ltd., Brazil
Agrifos Agrifos Fertilizer Inc., USA
Agrium Agrium Inc. (TSX and NYSE: AGU), Canada
APC Arab Potash Company Ltd. (Amman: ARPT), Jordan
Belaruskali PA Belaruskali, Belarus
Bloomberg Bloomberg L.P., USA
Blue, Johnson Blue, Johnson & Associates, USA
British Sulphur British Sulphur Consultants, UK
Canpotex Canpotex Limited, Canada
CBOT Chicago Board of Trade, USA
CF Industries CF Industries, Inc., USA
CNC Caribbean Nitrogen Company, Trinidad
CP Rail Canadian Pacific Railway, Canada
CVRD Companhia Vale do Rio Doce, Brazil
Doane Doane Agricultural Services, USA
DJUSBM Dow Jones US Basic Materials Index, USA
EIA Energy Information Administration, USA
EuroChem EuroChem Mineral and Chemical Company, Russia
FAO Food and Agriculture Organization of the United Nations
Fertecon Fertecon Limited and Fertecon Research Centre Limited, UK
FMB FMB Group Limited, UK
ICL Israel Chemicals Ltd. (Tel Aviv: ICL), Israel
IFA International Fertilizer Industry Association, France
IMF International Monetary Fund, USA
INEOS INEOS USA LLC, USA
Intrepid Intrepid Potash, USA
IPNI International Plant Nutrition Institute, USA
K+S K+S Group (Xetra: SDF), Germany
Koch Koch Industries, Inc., USA
Mississippi Phosphate Mississippi Phosphate Corporation, USA
Mosaic The Mosaic Company (NYSE: MOS), USA
NOLA New Orleans, Louisiana, USA
NYMEX New York Mercantile Exchange, USA
NYSE New York Stock Exchange, USA
OCP Office Cherifien des Phosphates, Morocco
OMS Overseas Marine Service, USA
Pemex Petroleos Mexicanos, Mexico
PhosChem Phosphate Chemical Export Association, Inc., USA
PIRA PIRA Energy Group, USA
ProExporter The ProExporter Network, USA
QSLP Qinghai Salt Lake Potash Co. Ltd., China
Silvinit JSC Silvinit, Russia
Simplot J.R. Simplot Company, USA
Sinofert Sinofert Holdings Limited (HKSE, 0297.HK), China
SQM Sociedad Quimica y Minera de Chile S.A. (Santiago Bolsa de Comercio Exchange, NYSE: SQM), Chile
Terra Terra Industries, Inc. (NYSE: TRA), USA
Thomson Financial Thomson Financial Inc., USA
Tringen Trinidad Nitrogen Co., Limited, Trinidad
TSX Toronto Stock Exchange, Canada
Uralkali JSC Uralkali, Russia
USDA US Department of Agriculture, USA
USEPA United States Environmental Protection Agency, USA
Yara Yara International (Oslo: YAR), Norway
* Where PotashCorp is listed as a source in conjunction with external sources, we have supplemented the external data with internal analysis.