Mosaic to Build Headquarters Near FishHawk Ranch

Tampa, FL -The Mosaic Company and Newland Communities announced today that Mosaic has entered into an agreement to purchase a 7.4-acre tract of land from Newland and will build a new office building near FishHawk Ranch.

The approximately 100,000 sq. ft. building will serve as the headquarters for Mosaic's phosphate business unit and supply chain group, and will bring together nearly 400 employees from various central Florida locations. Importantly, Mosaic will also anchor the office component of Newland's planned village center in the area currently known as Lake Hutto. Transportation improvements will coincide with the construction schedule to minimize inconvenience.

"We conducted a study to determine a suitable geographic location that's closest to the center of where our administrative and staff employees live," said Rich Krakowski, vice president of Mosaic. "The FishHawk Ranch area was the bull's eye."

Krakowski noted that the company's administrative and staff employees currently work at facilities throughout Polk and Hillsborough counties. "Our goal is to bring our management and administrative functions under one roof to foster more cohesive operations and communications as we continue to grow our business."

The future headquarters site is located on the south side of FishHawk Boulevard, just east of Bell Shoals Road. Mosaic will be the sole tenant of the building.

Rick Harcrow, senior vice president-operations for Newland Communities, said the building will make a major contribution to establishing FishHawk Ranch as a complete community. "By placing this headquarters in our business and retail district, we move FishHawk Ranch even further along the continuum of that livable, sustainable community."

Ryan Companies US, Inc. will be developer and contractor for the building, which is scheduled to break ground by early next year and open in the first quarter of 2010. Design elements are still underway but Mosaic executives say they will seek certification as a Leadership in Energy and Environmental Design (LEED) green building. "As a mining and manufacturing company, we hold ourselves to high environmental standards, and this building will reflect that commitment," said Krakowski.

ABOUT MOSAIC
The Mosaic Company (NYSE:MOS) is the world's leading producer of potash and phosphate crop nutrients. Mosaic was formed in 2004 through a combination of Cargill Crop Nutrition and IMC Global. Annual revenues exceeded $5.8 billion in 2007. The company employs more than 7,000 employees worldwide, including approximately 3,000 in the phosphate business unit in Florida. More information can be found on its website at www.mosaicco.com.

ABOUT NEWLAND COMMUNITIES
Newland Communities is a privately owned company that creates residential and urban mixed-use communities from coast to coast. With expertise in creating a special sense of community, we bring to life the unique history, culture and traditions of the land we develop. We believe it is our responsibility to create enduring, healthier communities so people may live life in ways that matter most to them. Newland currently has nearly 40 communities underway in 14 states.

In Tampa Bay, Newland Communities created and built the award-winning communities of FishHawk Ranch, MiraBay and Covington Park. Two new communities are currently in the planning stages -- Waterset in the Southshore area of Hillsborough County and Bexley in central Pasco County. Information on Newland Communities can be found at www.newlandcommunities.com.

For more information
Vaike O'Grady
Vice President, Marketing
(813) 620-3555