Potash Corporation of Saskatchewan Inc. (PotashCorp) announced that it today purchased for cancellation 2,950,000 of its common shares outstanding pursuant to private agreement between the company and an arm's-length third-party seller. This purchase brings the cumulative total number of shares purchased under PotashCorp's 31.5 million share repurchase program – announced in January 2008 and expanded in September 2008 – to 22.85 million shares.

Reflecting the current softness in demand for crop nutrients as a result of widespread uncertainty in the global economy, Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced the downward revision of full-year 2008 earnings guidance to approximately $10.75 per share1, which is 10 percent below the midpoint of our last indicated guidance range. Fourth-quarter earnings are expected to be the third-highest in our history (behind only the second and third quarter 2008) and full-year 2008 earnings will be our fifth consecutive record year and should be more than triple the $3.40 per share earned in 2007. This revision was precipitated by weaker fourth-quarter sales volumes in all three nutrients, lower potash volumes to higher netback spot markets and lower prices and margins in our nitrogen and phosphate segments. These impacts have been partially offset by a 1 percent reduction in our consolidated reported corporate income tax rate.

The already substantial economic benefit PotashCorp brings to Saskatchewan is growing signficantly through $4.8 billion the company is spending on expansion and debottlenecking projects in the province. This economic boost will continue well beyond the construction phase ending in 2012 and deliver positive impacts right up to the end of the operational life of the mines. PotashCorp currently employs about 1,600 people in Saskatchewan with an estimated 2008 payroll of $160 million. It is expecting to contribute approximately $850 million to the province this year in royalties and taxes – that's close to 10 percent of the provincial budget. In 2007, PotashCorp made philanthropic contributions of approximately $3.5 million, most of which was distributed here in Saskatchewan. According to an economic impact study undertaken for PotashCorp by SJ Research Services of Regina, the projects at the Rocanville, Allan, Lanigan, Cory and Patience Lake operations are expected to generate:

Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.10 per share payable February 10, 2009 to shareholders of record January 20, 2009.

Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported 2008 third-quarter earnings of $3.93 per share1 ($1.24 billion), a five-fold increase over the $0.75 per share ($243.1 million) earned in the same period last year. This exceeded the $3.40 per share ($1.1 billion) earned in the full-year 2007. Fueled by significantly higher prices for all our potash, nitrogen and phosphate products, gross margin for the third quarter grew to a record $1.7 billion, up from $475.1 million in the third quarter of 2007. Year-to-date earnings reached $8.45 per share ($2.7 billion) and gross margin grew to $4.0 billion, substantially ahead of the $2.25 per share ($726.8 million) and $1.3 billion in gross margin in last year's first nine months.

Saskatoon, Saskatchewan — Potash Corporation of Saskatchewan Inc. (PotashCorp) has been selected to be part of the Dow Jones Sustainability North America Index. The company is the first North American fertilizer manufacturer to be named to the index.

Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that its Board of Directors has approved, subject to regulatory approval, an increase to the share repurchase program authorized in January 2008, raising the ceiling to approximately 10 percent of the public float or 31.5 million of the company's issued and outstanding common shares. This will allow PotashCorp to repurchase and cancel by January 30, 2009 up to an additional 15.68 million, or approximately 5 percent, of the company's common shares, over and above the initial maximum of 15.82 million shares. The company will file with the Toronto Stock Exchange (TSX) an amendment to its previously filed notice of its intention to make normal course issuer bid purchases in order to increase the number of common shares it may purchase.

Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.10 per share payable November 10, 2008 to shareholders of record October 20, 2008.

Potash Corporation of Saskatchewan Inc. (PotashCorp) announced that it today purchased for cancellation 500,000 of its common shares outstanding pursuant to private agreement between the company and an arm's-length third-party seller. This purchase brings the cumulative total number of shares purchased under PotashCorp's 15.82 million share repurchase program announced in January 2008 to 15.15 million shares.

Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported record second-quarter earnings of $2.82 per share1 ($905.1 million), a 220 percent increase over the $0.88 per share ($285.7 million) earned in last year's second quarter. This represents the highest quarterly earnings in company history – 62 percent above the record $1.74 per share ($566.0 million) set in first-quarter 2008 – and reflects rising global fertilizer demand and the impact of significantly higher prices for potash, nitrogen and phosphate products. Record quarterly gross margin of $1.4 billion was up 187 percent from the $501.4 million generated in the second quarter of 2007, with all three nutrients making record contributions. Earnings for the first six months of 2008 were $4.54 per share ($1.5 billion), more than triple the $1.50 per share ($483.7 million) earned in the first half of last year and higher than the record $3.40 per share ($1.1 billion) earned for the full year 2007. First-half gross margin reached $2.3 billion, compared to $871.1 million in the first six months of 2007, and has already exceeded the record full-year total of $1.9 billion set last year.