Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that it has indirectly acquired Israel Chemicals Ltd.'s (ICL) entire interest in a Cayman Islands subsidiary for a purchase price of US $100.4 million. The Cayman Islands subsidiary holds 19,200,242 million Series A and 2,699,773 million Series B shares in Sociedad Quimica y Minera de Chile SA (SQM), a Chilean specialty fertilizer, iodine and lithium company.

SASKATOON, SK, PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that it has reached an agreement in principle with Israel Chemicals Ltd. (ICL) to acquire ICL's entire interest in a Cayman Islands subsidiary for a purchase price of US $100.4 million. The Cayman Islands subsidiary indirectly holds approximately 19.2 million Series A and 2.7 million Series B shares in Sociedad Quimica y Minera de Chile SA (SQM), a Chilean specialty fertilizer, iodine and lithium company, of which PotashCorp currently holds approximately 20 percent of the outstanding equity. The transaction is subject to completion of a definitive agreement and PotashCorp and ICL board approvals.

SASKATOON, SK PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that its Board of Directors has declared a quarterly dividend of US $0.15 per share payable February 14, 2005 to shareholders of record January 24, 2005.

SASKATOON, SK, (Canada NewsWire via COMTEX) – Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that Canpotex Limited has signed a 2005 sales contract for 1.5 million tonnes red standard grade potash with Sinochem, China's largest potash importer. The agreement includes a 10 percent additional volume option and provides a price increase of US $40 per tonne over last year's contract price. Canpotex has also contracted for the sale of 0.3 million tonnes of white standard grade potash at a US $43 per tonne price increase over last year's contract price.

SASKATOON, SK (Canada NewsWire via COMTEX) – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported third-quarter earnings of $75.2 million, or $0.68 per share on a diluted basis, more than four times the adjusted $0.15(1) per share ($1.78 loss per share unadjusted) earned in the same quarter last year. The $0.68 per share would have been $0.12 per share higher had the Canadian dollar not strengthened during the quarter. Gross margin was $189.4 million, the highest in the company's history and a 124-percent increase over the third quarter of 2003. Cash from operating activities rose to $168.6 million compared to $128.4 million quarter over quarter, and free cash flow(1) grew to $97.0 million from $28.3 million. Through the first nine months of 2004, PotashCorp earned an adjusted $1.85(1) per diluted share, compared to an adjusted $0.48(1) per share(2) ($1.47 loss per share unadjusted) for the same period in 2003.

SASKATOON, SK (Canada NewsWire via COMTEX) – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced an 82,000 tonne expansion of its purified phosphoric acid plant at Aurora, North Carolina. The $73.0 million expansion will increase the company's total annual purified acid capacity to 327,000 tonnes and is expected to be fully operational by the second quarter of 2006.

SASKATOON, SK PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that Canpotex Limited, the offshore sales association for Saskatchewan potash producers, has once again increased its 2004 forecast for offshore sales from a record 7.5 million tonnes to 7.65 million tonnes. This is 1.32 million tonnes above last year's sales volumes. In addition to this sales forecast increase, Canpotex expects to pull a total of 7.85 million tonnes from its members in 2004 to ensure adequate inventory levels going into 2005. PotashCorp supplies 54.2 percent of all Canpotex sales.

The two-for-one split of all outstanding common shares of PotashCorp stock announced on July 21st, 2004, began to be reflected in trading prices on the Toronto Stock Exchange effective August 9 and on the New York Stock Exchange on August 18.

SASKATOON, SK PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported second-quarter earnings of $72.6 million, or $1.34 per share on a diluted basis, the highest quarterly earnings in more than five years. This compares to $0.57 per diluted share in last year's second quarter, an increase of 135 percent. The higher earnings were primarily the result of a 40 percent increase in gross margin to $170.7 million, with potash providing over 70 percent of the total. During the quarter, the Canadian dollar weakened, resulting in a balance sheet translation gain of approximately $0.09 per share; this was offset by a comparable loss associated with a further writedown of PotashCorp's Yumbes operation in Chile. Cash provided from operating activities in the second quarter was $178.2 million, more than 2.5 times greater than the $67.0 million in the same quarter last year. Free cash flow(1) increased 34 percent from $86.8 million to $116.4 million.

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