Increased potash production at the Werra plant by the end of the year

Kassel, 18.12.2018

Recent rainfall has temporarily raised the water level and flow of the Werra river. Therefore, the disposal situation and the capacity of the retention basin at the Werra potash plant have improved. The production will only stop from December 24 to 26, and full production will resume at the three sites of the plant from December 27 onwards. K+S previously expected a longer production stoppage.

Due to the production stoppage, which is now shorter than previously assumed, K+S expects only an additional negative EBITDA effect of roughly € 10 million (before: maximum of € 15 million) in the fourth quarter of 2018.

K+S assumes further stoppages in the potash production at the Werra plant to be unlikely in the first quarter of 2019, even in the event of drought.

About K+S

K+S is a customer-focused, independent minerals company for the Agriculture, Industry, Consumers, and Communities segments and wants to grow the EBITDA to € 3 billion by 2030. Our approximately 15,000 employees enable farmers to provide nutrition for the world, solutions that keep industries going, improve daily life for consumers and provide safety in winter. We continually meet the growing demand for mineral products from production sites in Europe, North and South America as well as a worldwide sales network. We strive for sustainability because we are deeply committed to our responsibilities to people, environment, communities and economy in the regions in which we operate. Learn more about K+S at www.k-plus-s.com.