" Revenues should decline markedly in 2009 • Following the estimates contained in the Forecast Report of the Financial Report 2008 and against the background of the price level for potash and magnesium products evident in the first quarter, we expect a tangibly higher average price level for 2009 as a whole compared with the previous year. However, we expect significantly lower sales volumes, which will approximately offset the aforementioned price effect. While the revenues of the Nitrogen Fertilizers business segment should be down significantly, mainly in view of substantial price decreases, we expect significantly higher revenues for the Salt business sector because of the good start for the de-icing salt business. • The revenue forecast assumes an average US dollar exchange rate for 2009 of about 1.30 USD/EUR (2008: 1.47 USD/EUR). Significantly lower operating earnings expected in 2009 • The decreasing sales volumes in the Potash and Magnesium Products business segment and the much lower expected earnings in nitrogen fertilizers should cause operating earnings of K+S group to fall significantly. A stronger US dollar exchange rate and higher earnings from Salt are not inclining us to change this forecast. Ad hoc notification of 17 June 2009 • In view of extraordinarily weak sales volumes, we have reduced our sales expectations for 2009 to 4.0 to 4.5 million tonnes. With regards to lower potash prices on major overseas markets and the upcoming autumn fertilization, we implemented a corresponding reduction in the price of one tonne of granulated potassium chloride in Europe from EUR 555 to EUR 435. In view of these developments, further significant reductions in revenues and earnings are to be expected in the current financial year"