Proceedings

Notice from the
Office of the Secretary

Ontario

Ontario Securities
Commission

20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

December 15, 2005


OSC TO HOLD HEARING REGARDING
AGRIUM’S OFFER TO ACQUIRE ALL OF THE OUTSTANDING INCOME DEPOSIT
SECURITIES ISSUED BY ROYSTER-CLARK LTD. AND ROYSTER-CLARK ULC

(Sections 104 and 127)

TORONTO – The Ontario Securities Commission will hold a hearing to consider the application made by Agrium Acquisition Inc., a wholly owned subsidiary of Agrium Inc., for a cease trade order under section 127 of the Securities Act, in connection with the Offer and Royster-Clark’s shareholder rights plan and the application made by Royster-Clark Ltd. and Royster Clark ULC under sections 104 and 127 of the Securities Act.

The hearing will be held on December 20, 2005 at 10:00 a.m. on the 17th floor of the Commission's offices located at 20 Queen Street West, Toronto.

The applications are available on the OSC’s website (www.osc.gov.on.ca) . Further related documents will also be made available on the website when filed.

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY


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