Saskatoon, Saskatchewan — PotashCorp continues to receive the respect of the corporate reporting community in Canada, with three awards of excellence in the 2008 CICA Corporate Reporting Awards from the Canadian Institute of Chartered Accountants.

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. (PotashCorp) is tied for first among 180 companies listed on the S&P/TSX index in the Globe and Mail's annual Board Games survey of corporate governance. PotashCorp scored 98 of a possible 100 points – tied with Gildan Activewear Inc., a Montreal-based clothing manufacturer – in a survey that ranks how well boards of directors are meeting best practices benchmarks for governance. A miscalculation that showed PotashCorp in a tie for second place was corrected in the online version of the results. The Globe's study looked at governance practices in four key areas: board composition, compensation, shareholder rights and disclosure. PotashCorp scored perfect marks in the compensation category, where the study looked at issues ranging from share ownership by directors (top marks were awarded where directors own shares of a value at least three times their annual retainer) to disclosure of the top management team's compensation as a percentage of total profit or total shareholder return for the year. PotashCorp registered a perfect score in the shareholder rights category, as well. Full marks went to companies that, for instance, allowed shareholders to vote for individual directors rather than a slate of contenders, and to corporations that do not have dual-class shares. The company earned full marks in the disclosure category for policies that include publishing detailed director biographies, as well as the total cash value of compensation paid to each. In the board composition category, PotashCorp lost one point for not having at least one third of its board comprised of women – only four of the 180 companies met this measure – and another point because independent directors meet without management only at regular board meetings, not at every board meeting. While the Globe survey is an annual affair, authors note year-to-year results are not directly comparable because the scoring system has been adjusted over the years to reflect evolving best practices.

In a new twist on the old story about teaching a man to fish, PotashCorp is helping youngsters learn to farm.The Saskatchewan-based fertilizer company recently contributed $50,000 to Friends of the World Food Program (Friends of WFP), a non-profit organization that supports the United Nation’s World Food Program and other hunger relief efforts. The donation was part of a matched funding arrangement with The Fertilizer Institute (TFI), that will see Friends of WFP receive a total of $200,000 for use in a program that teaches children orphaned and impoverished by HIV/AIDS how to grow their own food. “More than 850 million people remain hungry or malnourished and skyrocketing food and fuel costs are threatening to push this number up to over one billion,” said Friends of WFP President and CEO Karen Sendelback. “This donation from TFI on behalf of the fertilizer industry, including generous matching donations from Agrium, PotashCorp and Terra Industries, will help the World Food Program teach children critical skills to break the cycle of hunger and poverty.”PotashCorp’s donation will help fund Junior Farmer Field and Life Schools (JFFLS), a “groundbreaking” program aimed at securing the long-term nutritional needs and livelihoods of the orphaned youngsters, aged 12 to 18. JFFLS projects teach kids the latest techniques for growing their own food crops and also help them adapt to their unfortunate circumstances. Participating youngsters are carefully selected by people in their communities and learn both traditional and modern farming skills, including crop diversification and environmental protection.“Helping farmers feed a hungry world is an effort in which success comes slowly,” said PotashCorp Public Relations Manager Rhonda Speiss. “Our contribution to Friends of the World Food Program can help these young people grow their own food today and give them the skills to earn a living tomorrow.”WFP is the world’s largest humanitarian agency and the United Nations’ primary organization for dealing with urgent hunger needs. In 2008, WFP expects to provide food assistance to approximately 90 million people in 80 countries.

Potash Corporation of Saskatchewan Inc. (PotashCorp) has been awarded the Governance Gavel Award for Director Disclosure by the Canadian Coalition for Good Governance (CCGG). The award, created in 2005 to recognize excellence in how companies communicate with their shareholders via the annual proxy circular, was presented to PotashCorp at a September meeting of the Canadian Society of Corporate Secretaries held in Victoria, BC. Joseph Podwika, Senior VP, General Counsel and Secretary for PotashCorp, says the award recognizes PotashCorp's determination to build support and understanding among shareholders. "One of PotashCorp's core values is to operate at the highest standards of business conduct," Podwika said. "This includes communicating promptly, completely and accurately with our shareholders. We're pleased the Coalition has recognized us for our efforts in this area, particularly because a number of our shareholders are members of the coalition." The mission of the CCGG is to represent Canadian institutional shareholders in the promotion of corporate governance practices that best align the interests of boards and management with those of the shareholder. A company's disclosure is judged against criteria outlined in the organization's Best Practices in Shareholder Communication document published in 2007. The Coalition is comprised of 46 of the largest institutional investors in Canada.

For the first time, PotashCorp will be included on the Dow Jones Sustainability North America Index. The new status took effect when equity markets opened on September 22, 2008.PotashCorp is among 18 companies, and one of only three Canadian corporations, added this year to the prestigious index. Compiled by Zurich-based investment group Sustainable Asset Management (SAM) and leading global index providers Dow Jones Indexes and Stoxx Ltd., the index includes 125 North American companies. "PotashCorp is honored to be part of the Dow Jones Sustainability North America Index," PotashCorp President and CEO Bill Doyle said in response to the news. "The economic, environmental and social targets we set for our company reflect our strategies for long-term growth and sustainability. We are pleased to be recognized for our efforts." The Dow Jones Sustainability Indexes (DJSI) employ a best-in-class approach and include sustainability leaders from each industry. Decisions on which companies are to be included in the index grow from thorough analysis of corporate economic, environmental and social performance. Corporate governance, risk management, climate change mitigation, supply chain standards and labor practices are among specific issues reviewed.Market participants around the world closely study the results of the annual review that establishes all DJSI indexes. Asset managers in 16 countries license the indexes to manage a range of sustainability-driven portfolios valued at almost US$6 billion. Visit www.potashcorp.com/sustainability/ to learn more about PotashCorp's key sustainability strategies and performance.

PotashCorp is one of the most respected companies in world, according to results of a Barron's survey that compiles an annual list exclusively from the opinions of professional investors. The survey sought investors' opinions on the 100 largest companies in the world, based on stock-market capitalization as of June 30, as determined by Dow Jones Indexes. Survey participants, who ranged from proprietors of small investment firms to chief investment officers overseeing hundreds of billions of dollars in investments, were asked to select one of four statements for each company: Highly Respect, Respect, Respect Somewhat and Don't Respect. Point values were established for each response, with Highly Respect given the heaviest weighting, and higher rankings going to companies with more Highly Respect votes. An accompanying set of questions that sought to determine which corporate attributes were most respected found strong management and business strategy key to respectability, followed by ethics and corporate edge. "We're honored by the results of this survey," said PotashCorp President and CEO Bill Doyle. "It shows that we're living by our core values, and that adds value for our stakeholders."

The Southeast Integrated Care Centre – Moosomin, which is receiving $530,000 in donations from PotashCorp’s Rocanville operation, marked its grand opening on October 7 with a ribbon-cutting ceremony attended by local and provincial dignitaries. “PotashCorp’s involvement in this project gave us the boost we needed to meet our fundraising objectives and complete this project,” Moosomin Mayor Larry Miskiman said prior to the ceremonies. Miskiman, who served as the project’s finance and fundraising chairperson, added: “We’re thankful for PotashCorp’s substantial contribution to the project.”When the PotashCorp Community Campaign for the health care facility was announced early this year, PotashCorp said its goal was to partner with the community to raise $500,000 for the new complex. In six months, through a variety of fundraising efforts ranging from individual and business donations to kids’ bottle drives, Moosomin and area raised $250,000, and PotashCorp committed to match it.With PotashCorp’s initial donation of $250,000 and the completion of the $500,000 Community Campaign, plus an additional $30,000 donated by the company for furnishings, PotashCorp and the community together will have raised $780,000 for the new facility once all funding is in place.“PotashCorp believes in improving the quality of life in communities where we do business,” said PotashCorp Rocanville General Manager Steve Fortney. Fortney, whose facility is located about 20 km north of Moosomin and draws employees from throughout the area, added: “Contributing funding to this wonderful new facility is a very satisfying way for us to help support the communities of southeast Saskatchewan.”The Southeast Integrated Care Centre – Moosomin is an 85-bed centre providing acute and long-term care. It also provides treatment space and offices for home care, mental health, community therapy, addictions counselling, and child and youth services. The integrated health care centre replaces Moosomin Union Hospital, Moosomin Nursing Home, and Eastern Saskatchewan Pioneer Lodge.

Moosomin, Sask. — The Moosomin and District Health Care Foundation (MDHCF) will offer an official “thank you" to Potash Corporation of Saskatchewan Inc. (PotashCorp) tomorrow for the company’s substantial support of the Southeast Integrated Care Centre — Moosomin. Media are welcome to attend the event, which will take place at the regular meeting of the Moosomin Chamber of Commerce (see below for details).

Potash Corporation of Saskatchewan Inc. (PotashCorp) is once again presenting its popular PotashCorp Fossil Find attraction at the Atlantic International Balloon Fiesta in Sussex, NB.