Phosphate Resource Partners Sets Date for Special Meeting of Unitholders

Phosphate Resource Partners Sets Date for Special Meeting of
Unitholders 


LAKE FOREST, Ill., Sept. 20  /PRNewswire-FirstCall/ -- Phosphate Resource
Partners Limited Partnership (NYSE:PLP) announced today that it will hold a
special meeting of partners, which includes all public unitholders, at 10:00
a.m., local time, on October 19, 2004 at PLP's headquarters offices, 100 South
Saunders Road, Lake Forest, Illinois 60045.  At this special meeting, PLP's
unitholders of record as of September 3, 2004 will vote on the proposed merger
agreement pursuant to which PLP will merge with a subsidiary of IMC Global
(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.  The merger is expected to be completed shortly after the special
meeting.

In addition, as previously announced, IMC Global has entered into a merger and
contribution 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.  IMC Global has
announced that it will hold a special meeting of its common stockholders on
October 20, 2004 at which its common stockholders of record on September 3,
2004 will vote on the proposed combination with Cargill Crop Nutrition.

PLP is in the process of mailing the definitive proxy statement/prospectus
regarding the proposed merger with a subsidiary of IMC to its public
unitholders of record.

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 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/ .

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 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
[phone]; 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,
[phone].

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 September 17, 2004. 

DATASOURCE: Phosphate Resource Partners Limited Partnership



CONTACT:  Investors and Media, Douglas A. Hoadley for Phosphate Resource

Partners Limited Partnership, [phone],  



Web site:  http://phosplp.com/

http://www.imcglobal.com/ 

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