OREANDA-NEWS.   Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that the Ontario Securities Commission (OSC) has issued an issuer bid exemption order (Order) permitting PotashCorp to make private agreement purchases of PotashCorp common shares from an arm’s length third-party seller.

Any purchases of our common shares made by way of private agreement under the Order will be at a discount to the prevailing market price, may be made in tranches over time, and must otherwise comply with the terms of the Order, including that: only one such purchase is permitted per calendar week; any such purchases must occur prior to the expiry of our Normal Course Issuer Bid (the “NCIB”) on August 1, 2014; and the maximum number of common shares which may be purchased by way of all such private agreements cannot exceed one-third of the total number of common shares which may be purchased under the NCIB.

All common shares purchased by way of private agreement made pursuant to the Order will be included in computing the number of common shares purchased under the NCIB, and information regarding each purchase made pursuant to the Order, including the number of common shares purchased and the aggregate price paid, will be available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com following the completion of any such purchase.

Subject to regulatory requirements, the actual number of common shares to be purchased under the NCIB, whether by way of any such private agreement or otherwise, and the timing of any such purchases will continue to be determined at the discretion of PotashCorp.

PotashCorp is the world's largest crop nutrient company and plays an integral role in global food production. The company produces the three essential nutrients required to help farmers grow healthier, more abundant crops. With global population rising and diets improving in developing countries, these nutrients offer a responsible and practical solution to meeting the long-term demand for food. PotashCorp is the largest producer, by capacity, of potash and one of the largest producers of nitrogen and phosphate. While agriculture is its primary market, the company also produces products for animal nutrition and industrial uses. Common shares of Potash Corporation of Saskatchewan Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange.