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K+S has provided half a million euros in emergency aid to support the civilian population in need as a result of the war in Ukraine. This sum will be donated to "Aktion Deutschland Hilft".

The Supervisory Board of K+S Aktiengesellschaft has mutually agreed with Thorsten Boeckers (46), Chief Financial Officer, to terminate Mr. Boeckers' service agreement at the end of February this year.

Yesterday, the BUND (“Federation for the Environment and Nature Conservation”) regional association in Hesse and K+S reached an out-of-court settlement in the legal dispute concerning the premature start of the tailings pile expansion at the Hattorf site (Werra plant). The Company has therefore meanwhile resumed the preparations for the tailings pile expansion, which were initially interrupted voluntarily.

The K+S Group expects EBITDA for the 2022 financial year to range between EUR 1.6 billion and EUR 1.9 billion (2021: preliminary around EUR 960 million, including approximately EUR 220 million one-off effect from the REKS transaction). This forecast significantly exceeds the current market expectation (Vara 2022 consensus: EUR 1.269 billion). K+S will therefore more than double EBITDA compared to the figure of the previous year (adjusted for the effect from the REKS transaction).

Based on preliminary earnings figures for the K+S Group financial statements as of December 31, 2021, EBITDA of continuing operations amounts to approximately EUR 960 million (previous outlook 2021: EUR 830 million; Vara consensus: EUR 863 million; both including REKS transaction; previous year: EUR 266.9 million).

In recent years, K+S has significantly reduced the volume of saline wastewater arising from the production of high-quality fertilizers at the Werra plant. At the end of 2021, K+S will finally discontinue injection and break new ground.

By granting the permit under water law today, the Kassel Regional Council has provided further security for the production of mineral fertilizers and high-purity salt products at the K+S Werra and Neuhof-Ellers sites. The previous permit expires at the end of the year.

Today, K+S and REMEX successfully completed the transaction for the new REKS joint venture. The joint venture will operate under the name REKS GmbH & Co. KG.

K+S is committed to complying with the principles for sustainable extraction and processing of raw materials formulated by the EU (“EU principles for sustainable raw materials”). These principles essentially concern social, ecological, and economic aspects as well as sustainable corporate governance.

K+S has notified the German Financial Reporting Enforcement Panel (FREP – “DPR”) in due time of the Company's agreement with the findings of the DPR's examination in accordance with Section 342b (5) of the German Commercial Code (HGB).