Source: Potash Corporation of Saskatchewan Inc.

While Potash Corporation of Saskatchewan Inc. (PotashCorp) continues to review the report prepared by The Conference Board of Canada, which details the impact that an acquisition of PotashCorp by BHP Billiton (BHP) would have on Canada and the province of Saskatchewan in particular, the company made the following observations:

The Saskatchewan government notes in its press release that BHP's proposed takeover of PotashCorp would reduce provincial revenues while having little or no net effect on employment in the industry.

The Board of Directors of PotashCorp would encourage the government of Saskatchewan to continue to remain open to reviewing alternative bids on a fact-based approach, rather than the speculative approach taken by The Conference Board of Canada's report.

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