SASKATOON CNW-PRN – Potash Corporation of Saskatchewan Inc. today announced that Canpotex, the offshore sales agency for Saskatchewan potash producers, has concluded contracts with major Chinese customers. The contracts should result in shipments to China during the first half of 2000 equal to or slightly higher than the 1.6 million tonnes sold to China in all of 1999. The contracts were completed at prices unchanged from the previous year. PCS supplies Canpotex with 56 percent of its potash product.

SASKATOON, SK CNW-PRN – Potash Corporation of Saskatchewan Inc. (PCS) earned net income of $14.5 million in third-quarter 1999, or $0.27 per share, before one-time corporate charges of $585.6 million ($538.8 million after taxes). Including all one-time charges, the net loss for the third quarter was $(524.2) million, or $(9.66) per share. This compares to $54.7 million, or $1.01 per share, in the third quarter of 1998. Net sales revenue was $453.6 million in this year's third quarter, compared to $521.4 million in the same quarter of 1998.

SASKATOON, Saskatchewan PRNewswire – Strong potash volumes and prices and a lower deferred tax expense enabled Potash Corporation of Saskatchewan Inc. (PCS) (NYSE: POT; Toronto: POT.; Montreal: POT.) to report second-quarter 1999 net income of $61.8 million, or $1.14 per share. This compares to $89.1 million, or $1.64 per share, in the same quarter of 1998 when potash earned less but phosphate and nitrogen earned more. Net sales revenue was $564.5 million and operating income was $96.9 million in this year's second quarter, compared to $660.4 million and $146.9 million, respectively, in the same quarter of 1998.

OVERVIEW

SASKATOON CNW-PRN – Potash Corporation of Saskatchewan Inc. (PCS) reported net income of $39.5 million in first quarter 1999, or $0.73 per share. This compares to $63.0 million, or $1.17 per share, in the same quarter of 1998. Net sales revenue was $549.3 million and operating income $75.0 million. The comparable numbers for 1998's first quarter were $583.8 million and $109.8 million, respectively. The reduced earnings were primarily attributable to lower nitrogen prices.

SASKATOON CNW – Strong phosphate sales volumes and potash prices helped make 1998 a year with record gross margin and cash flow for Potash Corporation of Saskatchewan Inc. (PCS), the Company reported today. PCS earned $54.2 million in fourth quarter 1998, or $1.00 per share. This compares to $72.4 million, or $1.35 per share in the same quarter of 1997. Cash flow from operations during the fourth quarter was $117.1 million, or $2.16 per share. For the year, cash flow per share was $10.67, up 19 percent over 1997 and a new high. The report is based on preliminary unaudited figures.