K+S rejects unsolicited takeover proposal

Following a thorough review of all aspects and considering the overall circumstances, the Board of Executive Directors and the Supervisory Board of K+S Aktiengesellschaft today have decided to reject the unsolicited proposal of Potash Corporation of Saskatchewan Inc. to acquire all outstanding shares of K+S Aktiengesellschaft for 41 Euro per share.

The proposed transaction does not reflect the fundamental value of K+S and is not in the best interest of the company.