K+S Aktiengesellschaft

euro adhoc: K+S Aktiengesellschaft
K+S reorganises corporate structure of the SPL Group
Non-recurrent deferred tax income recognised in profit and loss of about EUR 35-40 million
Reduction in tax expense of the K+S Group in 2006 non-cash to

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Today, the responsible bodies resolved to merge SPL, Chile, which was acquired by K+S, with a Chilean acquisition company formed by K+S taking effect from 1 December 2006. The merger will trigger an increase in tax carrying amounts and lower future income tax payments on the part of the company in Chile as a result of the recognition of additional tax depreciation.

It will also lead to the reporting of non-recurrent deferred tax income recognised in profit and loss of about EUR 35-40 million in the K+S consolidated financial statements prepared in accordance with IFRSs. Consequently, the adjusted earnings per share forecast for 2006 will probably increase by EUR 0.85 to EUR 1.00 (hitherto forecast: EUR 4.00-4.25 per share). However, the reduction in the tax expense resulting from the appropriate accounting treatment will be non-cash to a great extent in 2006 with the cash advantage rather having an effect successively over the coming years.

The Board of Executive Directors therefore does not intend to take account of this extraordinary effect in determining its proposal for the 2006 dividend.

K+S Aktiengesellschaft Kassel, 30 November 2006 The Board of Executive Directors

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

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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