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Statement - K+S Aktiengesellschaft

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<strong>K+S</strong> Group<br />

3-Phase Concept with Positive Economies<br />

of Scale<br />

Specific capex<br />

(in CAD billion per million tonnes KCl/a)<br />

1.6<br />

1.5<br />

1.4<br />

1.2<br />

1.1<br />

1.0<br />

0.8<br />

0.6<br />

0.4<br />

1.0<br />

Increasing capacity results in positive<br />

economies of scale<br />

Including Phase 3, a favourable ratio<br />

of CAD 1 billion of capex per<br />

1 million tonnes KCl/a is possible<br />

0.2<br />

0.0<br />

Phase 1 Phase 1 + 2 Phase 1 + 2 + 3<br />

November 2011<br />

<strong>K+S</strong> Group<br />

7

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