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In the future, K+S will place its strategic focus on its core business with potash and magnesium products. In doing so, we are keeping a firm eye on the environment, nature and climate protection. Every entrepreneurial decision must be in line with our climate strategy. In this way, we also ensure broad social acceptance of our actions.

For the protection of the ongoing proceedings with the Financial Reporting Enforcement Panel (“FREP – DPR”) K+S Aktiengesellschaft ("K+S") decided to postpone the publication of the following insider information. With the upcoming regular reporting for the third quarter on November 11, 2021, K+S is obliged to make this announcement.

• K+S raises operating EBITDA outlook for 2021 again to around EUR 630 million (previously: EUR 500 to 600 million; excluding REKS transaction)
• Balanced free cash flow expected for 2021 (previously: EUR -180 million; excluding REKS transaction)
• Antitrust review of REKS transaction still ongoing

K+S announced the final figures for the second quarter of 2021. As already announced, the EBITDA more than doubled and the EBITDA forecast for 2021 was raised once again.

The Board of Executive Directors of K+S Aktiengesellschaft today raised the EBITDA outlook for 2021 again to between EUR 700 million and EUR 800 million (previously EUR 500 million to EUR 600 million, both including the expected one-off gain from the REKS transaction of around EUR 200 million).

Following the announcement of significantly higher preliminary operating earnings EBITDA of around €110 million for the second quarter of 2021 (Q2/2020: €53 million), K+S has now also updated its full-year forecast for 2021.

On the basis of preliminary earnings figures, EBITDA for the K+S Group in Q2/2021 amounts to about €110 million (Q2/2020: €52.7 million). The closing of accounts is still ongoing.

The Fulda-Gerstungen rail project will not entail any restrictions for potash mining in the Werra region. This was the conclusion of the ninth DB Netz AG participation forum in Bad Hersfeld in eastern Hesse last Friday. According to this, the planned route will not affect future mining areas.

With the company Aquapurna, the first start-up has settled permanently in the new Innopark Sigmundshall. Aquapurna was founded in 2020 and specializes in the development of cost-efficient technology for applications in land-based aquacultures.

K+S has successfully completed the buy-back of bonds and reduced its financial liabilities by €560 million. The offer concerned the outstanding bonds maturing in 2022 (ISIN: DE000A1PGZ82), 2023 (ISIN: XS1591416679), and 2024 (ISIN: XS1854830889).