Conversion of Suggestions

With regard to the numerous non-obligatory suggestions contained in the Code, the following are the only ones not to have been, or not completely to have been, implemented by K+S:

• The Annual General Meeting has not as yet been carried live on the Internet in its full length (Code item 2.3.4), but it was only carried up to the end of the speech given by the chairman of the Board of Executive Directors.
• The variable remuneration of the Supervisory Board is linked to the return on total investment of the respective financial year and does not contain any components that are based on the long-term success of the Company (Code item 5.4.6, Para. 2, Sent. 2).