CF Industries Announces Signed Agreement for Supply of Natural Gas in Perú

DEERFIELD, Ill.--(Business Wire)--
On Oct. 13, 2009, CF Industries Holdings, Inc. (NYSE:CF) announced that it has
signed an agreement for the supply of natural gas to its proposed nitrogen
fertilizer complex in San Juan de Marcona, Perú. Under the terms of the
agreement, the company will purchase up to 99 million cubic feet of gas per day
on a take-or-pay basis from a consortium in Perú that includes Pluspetrol Perú
Corporation S.A., Pluspetrol Camisea S.A., Hunt Oil Company of Perú L.L.C.,
Sucursal del Perú, SK Energy, Sucursal Peruana, Tecpetrol del Perú S.A.C.,
Sonatrach Perú Corporation S.A.C., and Repsol Exploración Perú, Sucursal del
Perú. The purchase price for the natural gas used to produce petrochemicals at
the facility will be based on an index price for urea. The agreement is subject
to certain conditions, including completion of the facility and related
infrastructure.

"This agreement represents an important milestone in the development of our Perú
fertilizer project," said Stephen R. Wilson, the company`s chairman, president
and chief executive officer. "An assured supply of natural gas under an
advantageous pricing structure forms the foundation for this key growth
initiative. We recognize the efforts of the consortium and are especially
grateful for the support of the federal government of Perú throughout this
process."

The company is currently in the midst of a front-end engineering and design
study and an environmental impact assessment for the proposed project, which are
expected to lead to a final decision in early 2010.

About CF Industries Holdings, Inc.

CF Industries Holdings, Inc., headquartered in Deerfield, Illinois, is the
holding company for the operations of CF Industries, Inc. CF Industries, Inc. is
a major producer and distributor of nitrogen and phosphate fertilizer products.
CF Industries operates world-scale nitrogen fertilizer plants in Donaldsonville,
Louisiana and Medicine Hat, Alberta, Canada; conducts phosphate mining and
manufacturing operations in Central Florida; and distributes fertilizer products
through a system of terminals, warehouses, and associated transportation
equipment located primarily in the midwestern United States. The company also
owns a 50 percent interest in KEYTRADE AG, a global fertilizer trading
organization headquartered near Zurich, Switzerland. Additional information
about the company and its performance can be found on its Web site at
www.cfindustries.com.

CF Industries Holdings, Inc.
Terry Huch
Senior Director, Investor Relations and Corporate Communications
847-405-2515
thuch@cfindustries.com

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