Listed: TSX, NYSE Symbol: POT SASKATOON, SK, Nov. 29 /PRNewswire-FirstCall/ -- Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that it has filed with the United States Securities and Exchange Commission a preliminary prospectus supplement in connection with an offering in the United States of 30-year Notes in the principal amount of US $500 million. The offering is pursuant to a shelf registration statement filed in the United States covering US $1 billion of debt securities. PotashCorp intends to use a portion of the net proceeds to repay its US $400 million 7.125 percent notes when they mature on June 15, 2007, and, in the interim, to reduce outstanding short-term debt. PotashCorp intends to use the balance of the net proceeds for general corporate purposes. The underwriting group for the offering is being led by Credit Suisse Securities (USA) LLC, as sole bookrunner, and includes RBC Capital Markets Corporation, Scotia Capital (USA) Inc., BMO Capital Markets Corp., Banc of America Securities LLC, HSBC Securities (USA) Inc., Lazard Capital Markets LLC, Rabo Securities USA, Inc. and SG America Securities, LLC, as co-managers. Copies of the prospectus supplement and related documents may be obtained from any member of the underwriting group. Potash Corporation of Saskatchewan Inc. is the world's largest fertilizer enterprise producing the three primary plant nutrients and a leading supplier to three distinct market categories: agriculture, with the largest capacity in the world in potash, third largest in phosphate and fourth largest in nitrogen; animal nutrition, with the world's largest capacity in phosphate feed ingredients; and industrial chemicals, as the largest global producer of industrial nitrogen products and one of only three North American suppliers of industrial phosphates. This release contains forward-looking statements. These statements are based on certain factors and assumptions as set forth in this release, including foreign exchange rates, expected growth, results of operations, performance and business prospects and opportunities. While the company considers these factors and assumptions to be reasonable, based on information currently available, they may prove to be incorrect. A number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to: fluctuations in supply and demand in fertilizer, sulfur, transportation and petrochemical markets; changes in competitive pressures, including pricing pressures; risks associated with natural gas and other hedging activities; changes in capital markets; changes in currency and exchange rates; unexpected geological or environmental conditions; and government policy changes. Additional risks and uncertainties can be found in our 2005 annual report to shareholders and in filings with the U.S. Securities and Exchange Commission and Canadian provincial securities commissions. Forward-looking statements are given only as at the date of this release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. In the case of guidance, should subsequent events show that the forward-looking statements released herein may be materially off- target, the company will evaluate whether to issue and, if appropriate following such review, issue a news release updating guidance or explaining reasons for the difference. DATASOURCE: Potash Corporation of Saskatchewan Inc. CONTACT: Betty-Ann Heggie, Senior Vice President, Corporate Relations, Phone: (306) 933-8521, Fax: (306) 933-8844, E-mail:

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