25.11.2004 – 17:21

euro adhoc: K+S Aktiengesellschaft
K+S adjusts US-Dollar hedging / Positive outlook for 2005 unchanged

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

Altered market conditions have induced K+S Group to modify the
US-Dollar hedging based on range options. All outstanding options for
the years 2005, 2006 and 2007 now carry upper knock-outs of at least
1.40 USD/EUR. As a consequence of this restructuring, the weighted
average hedging rate incl. premium payments will increase from 1.06
USD/EUR to 1.11 USD/EUR for the year 2005. For the years 2006 and
2007, net hedging rates will remain unchanged at 1.04 USD/EUR and
1.02 USD/EUR, respectively.

For the year 2005, the board of executive directors of K+S AG is
unalteredly confident for the earnings perspective. Besides the
commenced efficiency enhancements, this outlook is based on strong
demand, especially in the potash and magnesium business segment; in
these markets, price increases are already announced and further
increases are likely.

end of announcement                    euro adhoc 25.11.2004 16:41:59

Further inquiry note:

Christian Herrmann
Tel.: +49 (0)561 9301 1460
E-Mail: christian.herrmann@k-plus-s.com

Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
Index: Midcap Market Index, MDAX, Prime Standard, CDAX, Classic All Share, HDAX, Prime All
Share
Börsen: Bremer Wertpapierbörse (BWB) / regulated dealing
Berliner Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing

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euro adhoc: K+S AktiengesellschaftK+S adjusts US-Dollar hedging / Positive outlook for 2005 unchanged

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euro adhoc: K+S Aktiengesellschaft / Quarterly or Semiannual Financial Statements / Half year revenues rise 11% to EUR 1,387 million / At EUR 108.8 million, EBIT up about 26% / Half year earnings per share EUR 2.14 (up 19%) / Forecast raised substantiall

euro adhoc: K+S Aktiengesellschaft / Revenues up slightly in 2003 / Net income almost on previous years level / Proposed dividend of EUR 1.00 per share once more / Extensive cost-cutting measures / Positive Outlook (E)

euro adhoc: K+S Aktiengesellschaft
K+S adjusts US-Dollar hedging / Positive outlook for 2005 unchanged

euro adhoc: K+S Aktiengesellschaft / Revenues up slightly in 2003 / Net income almost on previous years level / Proposed dividend of EUR 1.00 per share once more / Extensive cost-cutting measures / Positive Outlook (E)