euro adhoc: K+S Aktiengesellschaft / Mergers - Acquisitions - Takeovers / K+S signs agreement to purchase Chilean salt producer SPL S.A. / Debt-free purchase price of USD 477 million agreed for 99.3%

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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24.04.2006

On Saturday, 22 April 2006, the Board of Executive Directors of K+S
Aktiengesellschaft signed the agreement on the purchase of 99.3% of
the shares of Sociedad Punta de Lobos S.A. (SPL), Chile. Assuming a
debt-free value for the company of USD 480 million, K+S AG will
acquire the Chilean salt producer for a purchase price of USD 477
million (just under EUR 390 million) with economic effect from 1 May
2006. Subject to cartel authority approval, it is expected that the
closing of the transaction, i.e. the transfer of the shares and the
payment of the purchase price, will still take place in the second
quarter of 2006. An offer to buy out the remaining minority
shareholders is to be extended in the near future. The purchase price
will be financed with available liquidity as well as borrowings. The
acquisition of SPL should already impact positively on earnings per
share for the K+S Group in 2006.

Further information about the acquisition of Chilean Sociedad Punta
de Lobos can be obtained from a K+S Group press release that is being
released today at www.k-plus-s.com.

K+S Aktiengesellschaft
Kassel, 24 April 2006
The Board of Executive Directors

end of announcement euro adhoc 24.04.2006 07:06:07
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ots Originaltext: K+S Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christian Herrmann
Tel.: +49 (0)561 9301 1460
E-Mail: christian.herrmann@k-plus-s.com

Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / official dealing
Hamburger Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing