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Today, the German Federal Cartel Office has granted the final approval for the merger of the new REKS joint venture. With this joint venture, K+S and REMEX, a subsidiary of the REMONDIS Group, aim to open up the attractive and rapidly growing European market for the recovery and disposal of waste as well as the realization of sustainable waste management solutions.

The German Federal Cartel Office has granted the final approval for the merger of the new REKS joint venture. With this joint venture, K+S and REMEX, a subsidiary of the REMONDIS Group, aim to open up the attractive and rapidly growing European market for the recovery and disposal of waste as well as the realization of sustainable waste management solutions.

The German Financial Reporting Enforcement Panel e.V. (FREP - “DPR”) has today issued its final examination findings to K+S Aktiengesellschaft (“K+S”) in the procedure for the examination of the consolidated financial statements of K+S as of December 31, 2019, including the associated Group management report, as well as the abbreviated consolidated financial statements as of June 30, 2020, including the associated interim management report.

The German Financial Reporting Enforcement Panel (FREP - “DPR”) today issued its final examination findings for K+S in connection with the examination of the consolidated financial statements as of December 31, 2019, and the abbreviated financial statements as of June 30, 2020. These do not sustain significant preliminary findings and do not result in adjustments to valuations.

In the third quarter, K+S again increased revenues and operating earnings very significantly year-on-year. The forecast for 2021 was increased again.

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).