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EANS-Adhoc: K+S Aktiengesellschaft
Extraordinary weak demand for potash fertilizers continues
Clear reduction in expectations for 2009 sales volumes / Additional production curtailment in H2
European prices reduced in line with the situation on ...

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
17.06.2009
European agriculture exercised great restraint in the use of potash 
fertilizers in the spring. Despite the stabilisation of agricultural 
prices, the demand for fertilizers thus remained very low in Q2 as 
well. Given the autumn fertilization due in several weeks time too, 
there is still no sign of any significant upturn in demand in Europe.
Until now, K+S expected that the demand for potash and magnesium 
fertilizers would normalise in the second half of the year and that 
total sales would be just under 6 million tonnes of goods.
However, in view of the extraordinarily weak sales, K+S has reduced 
its sales expectations for 2009 to 4.0 to 4.5 million tonnes. 
Therefore, it has been decided to reduce potash production in the 
second half of the year by up to 2 million tonnes, following a 
reduction of 2 million tonnes already implemented in the first half 
of the year.
Moreover, it has in the meantime been noted on major overseas markets
that a price of potassium chloride of USD 735 - 750 per tonne is 
currently unsustainable for large quantities. The indications rather 
point to a lower price level. In view of this situation and the 
upcoming autumn fertilization, K+S KALI GmbH implemented a 
corresponding reduction in the price of one tonne of granulated 
potassium chloride in Europe today, lowering it from EUR 555 to EUR 
435.
K+S has already forecast a tangible fall in revenues and a 
significant fall in earnings for 2009. In view of these developments,
further significant reductions in revenues and earnings are to be 
expected in the current financial year. As usual, a quantitative 
forecast of revenues and earnings will appear with the release of the
half-yearly figures on 13 August.
end of announcement                               euro adhoc

Further inquiry note:

Christian Herrmann
Telefon: +49 561 9301-1460
christian.herrmann@k-plus-s.com

Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
Index: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / regulated dealing
Hamburg / regulated dealing
Stuttgart / regulated dealing
Düsseldorf / regulated dealing
Hannover / regulated dealing
München / regulated dealing

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