IMC GLOBAL AND CARGILL CROP NUTRITION TO COMBINE

New company will represent 14.4 % of global phosphate capacity

IMC Global Inc. (NYSE: IGL) and Cargill, Incorporated today announced the signing of a definitive agreement to combine IMC Global Inc. and Cargill Crop Nutrition to create a new, publicly traded company. The combination of IMC Global's phosphate, feed phosphates and potash businesses with Cargill's phosphate, feed phosphates and nitrogen production and global distribution operations will create a more efficient, full-service global fertilizer company better able to deliver high-quality, competitively priced products and services to customers worldwide.

If you would like a copy of the complete two page merger announcement, contact the OABA Office at (614) 326-7520 for a mail or fax version or gking@oaba.net for an email version.