Analyst Coverage

Agrium Inc. is followed by the sell-side analysts listed below. Please note that any opinions, estimates or forecasts regarding Agrium Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Agrium Inc. or its management. Agrium Inc. does not by its reference above or distribution imply its endorsement or concurrence with such information, conclusions or recommendations.

Accountability Research Corporation Harriet Li 416-367-3352, ext. 37
AltaCorp Capital Keith Carpenter 647-776-8240
BMO Capital Markets Joel Jackson 416-359-4250
CIBC World Markets Jacob Bout 416-956-6766
Laurentian Bank Securities John Chu 416-941-7701
Macquarie Matt Murphy 416-848-3541
RBC Capital Markets Andrew Wong 416-842-7830
Raymond James Steven Hansen 604-659-8208
Scotia Capital Ben Isaacson 416-945-5310
TD Securities Greg Barnes 416-983-9588
Bank of America Merrill Lynch Steve Byrne 646-855-5746
Bernstein Jonas Oxgaard 212-756-4151
Citigroup P.J. Juvekar 212-816-3097
Cleveland Research Company Michael Piken 310-563-1901
Credit Suisse LLC Christopher Parkinson 212-538-6286
Cowen Securities Charles Neivert 646-562-1370
Goldman, Sachs & Co. Adam Samuelson 212-902-6764
HSBC Global Research Alexandre Falcao 212-525-4449
JP Morgan Securities Jeff Zekauskas 212-622-6644
Morgan Stanley Vincent Andrews 212-761-3293
Stephens Inc. Mark Connelly 212-891-1781
Stifel Nicolaus Paul Forward 443-224-1379
Susquehanna Financial Group Don Carson 212-510-4428
Vertical Research Partners Sandy Klugman 212-257-6458
UBS Securities Inc. John Roberts 212-713-2210
Atlantic Equities (London) Colin Isaac +44 20 7382 2933