IGL I M C Global

IMC Global Common Shareholders Approve Combination With Cargill Crop Nutrition LAKE FOREST, Ill., Oct. 20 /PRNewswire-FirstCall/ -- IMC Global Inc. (NYSE:IGL) announced today that its common shareholders, voting at a special meeting held this morning, have approved the proposed combination of IMC Global with Cargill Crop Nutrition. The combination was approved by the affirmative vote of IMC Global's common shareholders owning 87,980,091 shares of common stock, representing 76% of the outstanding shares of common stock entitled to vote on the combination and 93% of the shares voted. The proposed combination was announced on January 27, 2004 and is expected to close on October 22, 2004, subject to satisfaction of customary closing conditions. Under the terms of the combination agreement, IMC Global's common stockholders will receive one share of Mosaic (NYSE:MOS) common stock for each share of IMC Global common stock that they own. Holders of shares of IMC Global's 7.50% mandatory convertible preferred stock will receive one share of 7.50% mandatory convertible preferred stock of Mosaic for each share of IMC Global preferred stock that they own. About IMC Global Inc. From multiple mines and plants in North America, IMC Global serves world agriculture as the largest producer and marketer of concentrated phosphates and potash crop nutrients. It also is a leading global provider of phosphorus and potassium feed ingredients for the animal nutrition industry. IMC Global has 5,000 employees and customers in nearly 50 countries. With products essential for life, IMC Global "feeds the land that feeds the world." For more information, visit http://www.imcglobal.com/ . About the Mosaic Company Mosaic is expected to have pro forma, trailing annual revenues of about $4.7 billion. It will be the world's largest producer and marketer of concentrated phosphate and potash crop nutrients. The new company will operate phosphate production facilities in Florida and Louisiana in the United States and potash production facilities in Saskatchewan, Canada, as well as in New Mexico and Michigan in the United States. It also will be a 50 percent owner in Saskatchewan-based Saskferco Products Inc., one of the world's most efficient nitrogen production facilities; have equity interests in phosphate production facilities in the key growth markets of Brazil and China; and operate key distribution facilities in 11 countries serving customers in 33 countries. Not a Proxy Solicitation for IMC Global and Cargill Crop Nutrition Combination This communication is not a solicitation of a proxy from any security holder of IMC Global or Cargill, Incorporated. The Mosaic Company (formerly Global Nutrition Solutions, Inc.) has filed a definitive proxy statement/prospectus regarding the proposed transaction with the SEC, which was mailed to IMC Global's common stockholders on or about September 21, 2004. Stockholders are urged to read the definitive proxy statement/prospectus regarding the proposed transaction, because it contains important information. Stockholders are able to obtain a free copy of the definitive proxy statement/prospectus, as well as other filings containing information about Cargill and IMC Global, without charge, at the SEC's Internet site ( http://www.sec.gov/ ). Copies of the definitive proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the definitive proxy statement/prospectus can also be obtained, without charge, by directing a request to IMC Global Inc., 100 South Saunders Road, Lake Forest, Illinois 60045-2561, Attention: Douglas A. Hoadley, or by telephone at (847) 739-1200, email: , or to Cargill, Incorporated, 15407 McGinty Road West, MS 25, Wayzata, Minnesota 55391, Attention: Lori Johnson, or by telephone at (952) 742-6194, email: . The respective directors and executive officers of Cargill and IMC Global and other persons may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding such persons and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the definitive proxy statement/prospectus filed with the SEC on September 20, 2004. DATASOURCE: IMC Global Inc. CONTACT: Investors and Media, Douglas A. Hoadley of IMC Global Inc., +1-847-739-1826, or Web site: http://www.imcglobal.com/

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