Update on BigCoast Forest Climate Initiative

We have been made aware of a potential technical matter related to the project design of the BigCoast Forest Climate Initiative. We have notified Verra, the organization that administers the Verified Carbon Standard, and requested a review under their Section 6 protocols. In the interim we have suspended sales of BigCoast Verified Carbon Units (VCUs). Mosaic is committed to working with Verra to resolve any potential impacts that may arise as a result of this review and to honouring our commitments to customers.