SASKATOON, SK PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported that Canpotex Limited has signed a 1.5 million tonne contract with Sinochem, China's largest potash importer, for 2004 sales. This agreement represents the first year of its three-year Memorandum of Understanding signed in August 2003. The agreement includes a 10 percent option and provides a price increase of US $3.00 per tonne. China purchases product in Vancouver and is responsible for ocean freight costs, which have risen dramatically in 2003. This price increase reflects a higher realized price for potash, rather than an offset against ocean freight.

SASKATOON, SK (Canada NewsWire via COMTEX) – Third-quarter impairment and shutdown charges contributed to a quarterly net loss of $185.9 million or $3.57(1) diluted loss per share for Potash Corporation of Saskatchewan Inc. (PotashCorp). Net income, adjusted to exclude impairment charges and shutdown- related costs recorded in the third quarter, was $15.9 million(2), or a diluted net income per share of $0.30(2), as compared to diluted net income per share of $0.28 in the same period of 2002.(1) The third-quarter impairment charges and shutdown-related costs totalled $201.8 million ($262.0 million before tax) and pertained to asset write-downs, workforce reductions, and contract terminations at the Company's Yumbes, Geismar, Memphis, and Kinston properties.

SASKATOON PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported that Canpotex Limited has signed a three-year Memorandum of Understanding (MOU) with Sinochem, China's largest potash importer. The MOU states that over the next three calendar years Canpotex will ship a minimum of 1.5 million tonnes annually (plus a 10-percent option) at a price to be negotiated each year based on market circumstances. The MOU allows for growth as it guarantees that Canpotex will maintain its historical market share over the three-year period. Canpotex will supply the Chinese market through Sinochem exclusively during the period.

SASKATOON, SK PRNewswire-FirstCall via COMTEX – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that Canpotex International Pte. Limited (Canpotex) and JSC Uralkali/Bermont (Uralkali), a Russian potash producer, have mutually agreed to end their joint marketing agreement covering certain international markets, effective June 1, 2003.