Mosaic Reports Strong Results for Fiscal 2008 Second Quarter Wednesday January 9, 7:00 am ET Quarterly Net Earnings Increased Nearly Six-Fold to $394.0 million; Diluted EPS Grew 493% to $0.89 HIGHLIGHTS Mosaic reported record results, including net earnings of $394.0 million, or $0.89 per diluted share ("per share"), for the second quarter ended November 30, 2007, an increase of $328.1 million compared to the same period a year ago. These second quarter results included the following: - Cash flow from operations of $542.5 million and the prepayment of $450 million of long-term debt. - An average diammonium phosphate (DAP) price of $417 per tonne, a $174 per tonne increase compared with a year ago and a $10 per tonne increase compared with the first quarter of fiscal 2008. - An average potash selling price of $171 per tonne, up $29 per tonne from a year ago and an $11 per tonne increase from the first quarter of fiscal 2008. - A foreign currency transaction loss of $52.4 million, or $0.09 per share, compared to a gain of $19.8 million, or $0.03 per share, a year ago. - A tax benefit of $35.9 million, or $0.08 per share, relating to certain tax matters specific to the second quarter.