K+S Aktiengesellschaft

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EuroChem to Acquire K+S Nitrogen

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Company Information/K+S Aktiengesellschaft

Kassel (euro adhoc) - Joint Press Release

Kassel / Moscow, 8 May 2012

EuroChem to Acquire K+S Nitrogen

K+S Aktiengesellschaft has signed an agreement with EuroChem regarding the  sale
of K+S Nitrogen, one of the leading suppliers of nitrogenous fertilizers.

The transaction, with an enterprise value of EUR 140 million for  K+S  Nitrogen,
is likely to be closed at the end of the second quarter of 2012.  The  effective
economic date of the transfer is 31 March 2012. The sale is subject to a  number
of factors, including approval by the EU antitrust authority.

For K+S, the sale will generate a book profit of around EUR 70  to  80  million,
depending on the net  earnings  of  K+S  Nitrogen  generated  by  the  time  the
transaction is closed together with other effects. From  now  on,  K+S  Nitrogen
will be stated as a  "discontinued  operation".  In  financial  year  2011,  K+S
Nitrogen generated revenues of EUR 1,156.8 million and operating  earnings  EBIT
I of EUR 69.4 million.

"We are pleased to have found a  well-suited  new  owner  for  K+S  Nitrogen  in
EuroChem. Against the backdrop of the recently concluded sale of the  fertilizer
activities of BASF in Antwerp, the sale to EuroChem is the best option from  the
perspective of K+S, but also of the employees of  K+S  Nitrogen,"  says  Norbert
Steiner,   Chairman   of   the   Board   of   Executive   Directors    of    K+S
Aktiengesellschaft. "I would  like  to  express  my  particular  thanks  to  the
employees of K+S Nitrogen for their extraordinary commitment in  recent  years,"
Steiner continues.

EuroChem CEO Dmitry Strezhnev commented: "K+S Nitrogen is  a  natural  extension
to  our  recently  acquired  EuroChem  Antwerpen  operations.  This  acquisition
provides  us  with  a  world-renowned  platform  while  further   securing   our
competitiveness in key markets worldwide. We welcome the  highly  skilled  staff
of K+S Nitrogen and our clients and partners may  rest  assured  that  the  high
level of service they have  grown  accustomed  to  with  K+S  Nitrogen  will  be

The strategy of the K+S Group provides for growth in the  Potash  and  Magnesium
Products  and  the  Salt  business  segments  in  particular  and  for  focusing
management resources and financial  means  on  this  accordingly.  Against  this
background, K+S had sold the business activities  of  COMPO  to  the  investment
company Triton last year.

About K+S Nitrogen
K+S Nitrogen markets nitrogenous fertilizers with a focus on major customers  in
agriculture and  special  crops  such  as  fruits,  vegetables  and  grapes.  In
addition to the fertilizers produced by  EuroChem  Antwerpen  and  delivered  by

BASF for it, K+S Nitrogen also markets the goods  of  other  reputable  European
fertilizer producers. The company is based in  Mannheim,  Germany,  and  employs
about  180  people  worldwide.  More  information  is   available   atwww.ks-

About EuroChem
EuroChem is a leading global agrochemical company, producing primarily  nitrogen

and phosphate fertilizers, as well as certain  organic  synthesis  products  and
iron ore. The Group is  vertically  integrated  with  activities  spanning  from
mining and natural gas extraction to production,  logistics,  and  distribution.
EuroChem is currently developing two sizeable potash  deposits  in  Russia  with
the  Gremyachinskoe  (4.6  mtpa)  and  Verkhnekamskoe  (3.4   mtpa)   greenfield
projects. Please visit www.eurochem.ru for further information.

About K+S
The K+S  Group  is  one  of  the  world's  leading  suppliers  of  standard  and
speciality fertilizers. In  the  salt  business,  K+S  is  the  world's  leading
producer with sites in Europe as well as North and South America. K+S  offers  a
comprehensive range  of  goods  and  services  for  agriculture,  industry,  and
private consumers,  which  provides  growth  opportunities  in  virtually  every
sphere of daily life. The K+S Group employs more than  14,000  people.  The  K+S
share - the commodities stock on the German DAX index - is listed on all  German
stock exchanges (ISIN:  DE000KSAG888, symbol: SDF). More information  about  K+S
can be found at www.k-plus-s.com.

Your contact persons:

Michael Wudonig, CFA
Phone:  +49 561 9301-1262
Fax:    +49 561 9301-1666     

Investor Relations:
Christian Herrmann, CFA

Phone:     +49 561 9301-1460
Fax:  +49 561 9301-2425

Further inquiry note:
Michael Wudonig, CFA
Telefon: +49 561 9301-1262
Fax: +49 561 9301-1666
Investor Relations:
Christian Herrmann, CFA
Telefon: +49 561 9301-1460
Fax: +49 561 9301-2425

end of announcement                               euro adhoc 

company:     K+S Aktiengesellschaft
             Bertha-von-Suttner-Straße  7
             D-34131 Kassel
phone:       +49 (0)561 9301-1460
FAX:         +49 (0)561 9301-2425
mail:     christian.herrmann@k-plus-s.com
WWW:      http://www.k-plus-s.com
sector:      Chemicals
ISIN:        DE000KSAG888
indexes:     DAX, Midcap Market Index, CDAX, Classic All Share, HDAX, Prime All
stockmarkets: regulated dealing: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English

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