IGL I M C Global

Phosphate Resource Partners Limited Partnership Sets Record Date for Special Meeting of Partners on Merger With IMC Global LAKE FOREST, Ill., Aug. 24 /PRNewswire-FirstCall/ -- Phosphate Resource Partners Limited Partnership (NYSE:PLP) today announced that it has established a record date for a special meeting of partners, which includes all public unitholders, to consider and vote upon the proposed merger agreement pursuant to which PLP will merge with a subsidiary of IMC Global Inc. (NYSE:IGL). Under the terms of the merger agreement, each publicly traded unit of PLP would be converted into the right to receive 0.2 shares of IMC Global common stock. In addition, as previously announced, IMC Global has entered into a merger and combination agreement pursuant to which IMC Global will combine its businesses with the fertilizer businesses of Cargill, Incorporated to form a new, publicly traded company named The Mosaic Company. If IMC Global's combination with Cargill is consummated following completion of PLP's merger with IMC Global, then each share of IMC Global common stock that PLP unitholders receive pursuant to PLP's merger with IMC Global would be converted into the right to receive one share of common stock of The Mosaic Company. PLP unitholders of record at the close of business on September 3, 2004 will be eligible to vote on the proposal and to attend the special meeting of partners. PLP and IMC Global are working cooperatively with the Securities and Exchange Commission to obtain effectiveness of a definitive proxy statement/prospectus to be mailed to unitholders of record with respect to the merger with IMC Global. PLP will establish a definitive date for the special meeting of unitholders and send the definitive proxy statement/prospectus to unitholders of record following notice of such effectiveness. The definitive proxy statement/prospectus will contain important information about the proposed merger with IMC Global. Unitholders are urged to read the definitive proxy statement/prospectus when it becomes available. The definitive proxy statement/prospectus also will include the date, time and location of the special meeting. About Phosphate Resource Partners Limited Partnership PLP is engaged in the production and sale of phosphate crop nutrients and animal feed ingredients. For more information, visit the PLP Web site at http://phosplp.com/ . About IMC Global Inc. From multiple mines and plants in North America, IMC Global serves world agriculture as one of the largest producers and marketers 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/ . Not a Proxy Solicitation for the PLP Merger Proposal This communication is not a solicitation of a proxy from any unitholder of PLP. If the PLP merger transaction is pursued and moves forward to a vote of PLP unitholders, prior to any vote, PLP will mail, once a registration statement has been declared effective by the Securities and Exchange Commission, a proxy statement/prospectus and other relevant documents concerning the PLP merger transaction. At that time PLP unitholders will be urged to read the proxy statement/prospectus and any other relevant documents filed with the Securities and Exchange Commission because they will contain important information relating to IMC Global, PLP and the proposed merger. You will be able to obtain the document free of charge at the website maintained by the Securities and Exchange Commission at http://www.sec.gov/ . In addition, you may obtain documents filed with the SEC by IMC, including periodic reports and current reports, free of charge by requesting them in writing from IMC Global Inc., 100 South Saunders Road, Lake Forest, Illinois 60045-2561, Attention: Douglas A. Hoadley, or by telephone at (847) 739-1200; or by e- mail: . You may obtain documents filed with the Securities and Exchange Commission by PLP free of charge by requesting them in writing from Phosphate Resource Partners Limited Partnership, 100 South Saunders Road, Suite 300, Lake Forest, Illinois 60045-2561, or by telephone, (847) 739-1200. IMC Global, and its directors, executive officers and certain members of management and employees may be considered "participants in the solicitation" of proxies in connection with any possible merger transaction. Information regarding such persons and their interests in PLP is set forth in PLP's Annual Report on Form 10-K for the year ended December 31, 2003 under Items 10 and 12. Investors also can obtain information regarding such persons and their interests in the merger by reading IMC Global's registration statement on Form S-4, originally filed with the Securities and Exchange Commission on April 19, 2004 and as subsequently amended. DATASOURCE: Phosphate Resource Partners Limited Partnership CONTACT: Investors and Media, Douglas A. Hoadley for Phosphate Resource Partners Limited Partnership, +1-847-739-1826, Web site: http://phosplp.com/ http://www.imcglobal.com/

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