K+S Aktiengesellschaft

euro adhoc: K+S Aktiengesellschaft
Mergers - Acquisitions - Takeovers
K+S signs agreement to purchase Chilean salt producer SPL S.A.
Debt-free purchase price of USD 477 million agreed for 99.3% of the shares
Closing still expected in Q2, 2006

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On Saturday, 22 April 2006, the Board of Executive Directors of K+S Aktiengesellschaft signed the agreement on the purchase of 99.3% of the shares of Sociedad Punta de Lobos S.A. (SPL), Chile. Assuming a debt-free value for the company of USD 480 million, K+S AG will acquire the Chilean salt producer for a purchase price of USD 477 million (just under EUR 390 million) with economic effect from 1 May 2006. Subject to cartel authority approval, it is expected that the closing of the transaction, i.e. the transfer of the shares and the payment of the purchase price, will still take place in the second quarter of 2006. An offer to buy out the remaining minority shareholders is to be extended in the near future. The purchase price will be financed with available liquidity as well as borrowings. The acquisition of SPL should already impact positively on earnings per share for the K+S Group in 2006.

Further information about the acquisition of Chilean Sociedad Punta de Lobos can be obtained from a K+S Group press release that is being released today at www.k-plus-s.com.

K+S Aktiengesellschaft Kassel, 24 April 2006 The Board of Executive Directors

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ots Originaltext: K+S Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

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, CDAX, Classic All Share, HDAX,
              Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / official dealing
              Hamburger Wertpapierbörse / official dealing
              Baden-Württembergische Wertpapierbörse / official dealing
              Börse Düsseldorf / official dealing
              Niedersächsische Börse zu Hannover / official dealing
              Bayerische Börse / official dealing

Weitere Meldungen: K+S Aktiengesellschaft

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