BMI Prevails Over DOJ in Consent Decree Dispute

NEW YORK, NY—(Marketwired – September 16, 2016) – Today, federal Judge Louis Stanton issued an order rejecting the US Department of Justice's (DOJ) recent interpretation of the BMI consent decree, and concluded that BMI is free to engage in the fractional licensing of musical works. This decision immediately followed oral arguments heard today from both parties. Judge Stanton's ruling is now the controlling interpretation of the BMI consent decree, and a copy can be found HERE.

Below is a statement from BMI President & CEO Mike O'Neill on today's decision:

“As we have said from the very beginning, we believed our consent decree allowed for the decades–long practice of fractional licensing and today we are gratified that Judge Stanton confirmed that belief. Our mission has always been to protect the interests of our songwriters, composers and publishers, and we feel we have done just that. Today's decision is a victory for the entire music community.”

ABOUT BMI:

Celebrating over 76 years of service to songwriters, composers, music publishers and businesses, Broadcast Music, Inc.® (BMI®) is a global leader in music rights management, serving as an advocate for the value of music. BMI represents the public performance rights in nearly 12 million musical works created and owned by more than 750,000 songwriters, composers, and music publishers. The Company negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are performed in public. In 1939, BMI created a groundbreaking open–door policy becoming the only performing rights organization to welcome and represent the creators of blues, jazz, country, and American roots music. Today, the musical compositions in BMI's repertoire, from chart toppers to perennial favorites, span all genres of music and are consistently among the most–performed hits of the year. For additional information and the latest BMI news, visit www.bmi.com, follow us on Twitter @BMI or stay connected through Broadcast Music, Inc.'s Facebook page.

Agrium to Present at Scotiabank Fertilizers & Chemicals Conference 2016

CALGARY, AB—(Marketwired – September 16, 2016) – Agrium Inc. (TSX: AGU) (NYSE: AGU) announced today that Mr. Chuck Magro, Agrium's President & CEO, and Mr. Jochen Tilk, Potash Corporation's President & CEO, will be co–presenting at the Scotiabank Fertilizers & Chemicals Conference 2016 in Toronto, Ontario, on Tuesday, September 20, 2016 at 8:45 a.m. EDT.

The presentation will be audio cast and available on the Company's website at www.agrium.com or on the merger website at www.worldclasscropinputsupplier.com. Presentation materials will be filed and posted on respective websites.

About Agrium

Agrium Inc. is a major global producer and distributor of agricultural products, services and solutions. Agrium produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of over nine million tonnes and with significant competitive advantages across our product lines. We supply key products and services directly to growers, including crop nutrients, crop protection, seed, as well as agronomic and application services, thereby helping growers to meet the ever growing global demand for food and fibre. Agrium retail–distribution has an unmatched network of over 1,400 facilities and over 3,800 crop consultants who provide advice and products to our grower customers to help them increase their yields and returns on hundreds of different crops. With a focus on sustainability, the company strives to improve the communities in which it operates through safety, education, environmental improvement and new technologies such as the development of precision agriculture and controlled release nutrient products. Agrium is focused on driving operational excellence across our businesses, pursuing value–enhancing growth opportunities and returning capital to shareholders. For more information visit: www.agrium.com

No Merger Solicitation

This press release is not intended as, and does not constitute, a solicitation of proxies or votes in connection with the requisite Agrium securityholders and PotashCorp shareholders' approval of the proposed merger. A joint information circular of Agrium and PotashCorp describing details of the transaction, the new company and other information, is expected to be mailed to Agrium securityholders and PotashCorp shareholders in connection with the respective shareholder meetings (each scheduled for November 3, 2016) to approve the transaction in early October 2016.