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Statement - K+S Aktiengesellschaft

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

Composition of Capex for Phases 1 + 2<br />

Capex in Phases 1 + 2<br />

(in CAD billion)<br />

Direct capex in solution mining, process plant, infrastructure 1.85<br />

Engineering, indirect construction costs, other 0.65<br />

Contingency / Escalation<br />

Indirect capex<br />

0.40<br />

Total direct and indirect capex for Phase 1 2.90<br />

Direct expansion capex for solution mining and factory 0.30<br />

Indirect expansion capex 0.05<br />

Total direct and indirect capex for Phase 2 0.35<br />

Total capex for Phases 1 + 2 3.25<br />

November 2011<br />

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

8

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