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Following the waiver by the Supervisory Board of K+S Aktiengesellschaft of part of its annual remuneration for 2019, announced at the beginning of June this year, the beneficiaries of the donations have now been selected. In total, more than 70 charitable institutions in the vicinity of K+S sites worldwide will be supported.

Ms. Fabiola Fernandez Grund, who had already been appointed as a further member to the Board of Executive Directors of K+S Aktiengesellschaft in December last year, will, at the request of the Company, not take up her mandate at the beginning of next year.

The members of the Board of Executive Directors of K+S Aktiengesellschaft will waive part of their variable remuneration for the current financial year. If the annual variable remuneration component (STI - Short Term Incentive) reaches 100 percent, the total amount waived by the Board of Executive Directors corresponds to 665,000 euros.

Despite difficult conditions, K+S achieved solid results in the second quarter. Good operating performance and high cost discipline resulted in a significant increase in earnings for the Americas operating unit. As expected, revenues and earnings of the Europe+ operating unit were down year-on-year as a result of lower average prices for potash fertilizers. The corona pandemic burdened K+S EBITDA by a further € 10 million.

From June 16, “Glückauf in the world of White Gold” will once again be the motto at the Merkers Adventure Mine, the popular tourist destination in the Wartburg district. Special hygiene measures and safety precautions have been implemented to protect visitors and employees. The experience of going underground to a depth of up to 800 meters with unique attractions is now possible again.

Dr. Andreas Kreimeyer, graduate biologist, former member of the Board of Executive Directors and Research Executive Director of BASF Aktiengesellschaft, Ludwigshafen (today BASF SE), and Philip Freiherr von dem Bussche, graduate in Business Administration, former Chairman of the Board of Executive Directors of KWS SAAT AG, Einbeck, have been reappointed as members of the Supervisory Board by the Annual General Meeting of K+S Aktiengesellschaft today. Subsequently, Dr. Kreimeyer has been re-elected as Chairman of the Supervisory Board.

The Supervisory Board members of K+S Aktiengesellschaft will each jointly waive 20 percent of their annual remuneration for the 2019 financial year. The total amount of 350,000 euros will be used to benefit charitable purposes in the vicinity of K+S sites.

Dr. Burkhard Lohr, Chairman of the Board of Executive Directors of K+S Aktiengesellschaft, is in domestic quarantine following a positive test result for SARS-CoV-2.

Against the background of the global economic crisis triggered by the corona pandemic, the Board of Executive Directors and the Supervisory Board of K+S Aktiengesellschaft have precautionary decided on 8 May 2020 to adjust the dividend proposal for 2019 to the legal minimum dividend of € 0.04 per share (previous dividend proposal € 0.15 per share).

During the corona pandemic, K+S has been able to ensure the supply of essential products to its customers from the sectors of pharmaceuticals, food production, feed, agriculture and chemicals.