Phosphate Resource Partners Limited Partnership Files Amended 10-K and 10-Q Reports; No Change to Previously Reported Amounts in the Statement of Operations, Balance Sheet or Statement of Cash Flows LAKE FOREST, Ill., Sept. 15 /PRNewswire-FirstCall/ -- Phosphate Resource Partners Limited Partnership (NYSE:PLP) announced today that it filed amendments to its Annual Report on Form 10-K for the fiscal year ended December 31, 2003 and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2004 and June 30, 2004 to address comments from the staff of the Securities and Exchange Commission in connection with the staff's review of the registration statement on Form S-4 of IMC Global Inc., related to the pending merger of PLP into a subsidiary of IMC Global, and the documents incorporated by reference in the registration statement, including PLP's 2003 10-K, March 2004 10-Q and the June 2004 10-Q. The amendments enhance and clarify certain disclosures in PLP's 2003 10-K, March 2004 10-Q and June 2004 10-Q. The amendments did not change any reported amounts in the PLP Statement of Operations, Balance Sheet or Statement of Cash Flows. Similar amendments enhancing and clarifying certain disclosures and reclassifying certain information were also filed by IMC Phosphates Company to its Annual Report on Form 10-K for the fiscal year ended December 31, 2003 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2004 and June 30, 2004. 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 pending merger of PLP into a subsidiary of IMC Global. The definitive proxy statement/prospectus will contain important information about the proposed transaction. Unitholders are urged to read the definitive proxy statement/prospectus when it becomes available. 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://www.phosplp.com/ . 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 the 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 PLP and IMC Global Merger 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 most recently amended on August 27, 2004. DATASOURCE: Phosphate Resource Partners Limited Partnership CONTACT: Investors and Media, Douglas A. Hoadley of Phosphate Resource Partners Limited Partnership, +1-847-739-1826, Web site: http://www.phosplp.com/ http://www.imcglobal.com/

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