1 March 2011

Potash One

K+S Announces New Leadership Team

K+S Aktiengesellschaft is pleased to announce that Richard L. Wilson, formerly Vice President, Manufacturing for Morton Salt, has been appointed as Chief Executive Officer of Potash One Inc. (“Potash One”) effective March 1, 2011. Mr. Wilson is replacing Alexa Hergenröther, Head of Corporate Development at K+S Aktiengesellschaft, who was the Chief Executive Officer for an interim period.

Richard L. Wilson is a forty year veteran of Morton Salt and has broad experience in solution mining and processing. In his new role, Mr. Wilson will lead the management team based in Saskatoon, Canada, that is focused on the implementation of the Legacy Project, a planned K+S potash solution mining facility in Saskatchewan. “I am looking forward to the new assignment, and to the challenge of heading up a project of such strategic importance for the K+S Group,” says Mr. Wilson.

The position of Chief Financial Officer of Potash One will continue to be held by Luis E. Mendoza, who was previously the Vice President of K+S North America.

Mike Ferguson, formerly Vice President, Projects at Potash One, will continue to act as Senior Vice President and Project Manager of Potash One. Erika Ritchie will continue to retain her position as Vice President Environmental & Regulatory Affairs of Potash One. Dr. Franz Xaver Spachtholz, formerly Head of General Mining Division at K+S Aktiengesellschaft, has been appointed as Vice President Engineering of Potash One.

Note to editors
Portrait photos of Richard L. Wilson and Luis E. Mendoza are available here.

About K+S

The K+S Group is one of the world's leading suppliers of standard and speciality fertilizers. In the salt business, K+S is the world’s leading producer with sites in Europe as well as North and South America. K+S offers a comprehensive range of goods and services for agriculture, industry, and private consumers which provides growth opportunities in virtually every sphere of daily life. The K+S Group employs more than 15,000 people. The K+S share – the only commodities stock on the German DAX index – is listed on all German stock exchanges (ISIN: DE0007162000, symbol: SDF). More information about K+S can be found at www.k-plus-s.com.

Forward Looking Statements:
Certain statements in this press release may constitute forward-looking information within the meaning of applicable securities laws relating to K+S Canada, K+S, Potash One, K+S Potash Canada General Partnership and their respective operations. All statements, other than statements of historical fact, are forward-looking statements or information. These forward-looking statements or information relate to, among other things the proposed Legacy Project and the implementation thereof. These statements reflect the current views of Potash One with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Potash One, are inherently subject to significant business, economic, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this press release and K+S Canada has made assumptions based on or related to many of these factors. Such factors include, without limitation: fluctuations in currency markets (particularly with respect to the Euro, the U.S. dollar and Canadian dollar); risks related to the technological and operational nature of K+S Canada’s, K+S’, Potash One’s and the Partnership’s respective businesses; changes in national and local government legislation, permitting, taxation, controls or regulations and political or economic developments in Canada, United States, Germany or other countries where K+S Canada, K+S, Potash One and the Partnership may carry on business in the future; risks and hazards associated with the business of mineral exploration, development and solution mining (including environmental hazards, unusual or unexpected geological or structural formations, pressure s, cave-ins, subsidence and flooding); risks relating to the creditworthiness and financial condition of suppliers and other parties which Potash One deals with; inadequate insurance or inability to obtain insurance to cover these risks and hazards; employee relations; relationships with and claims by local communities and First Nations; availability and increasing costs associated with solution mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of mineral reserves as properties are mined; global financial conditions; business opportunities that may be presented to, or pursued by K+S Canada, the Partnership or Potash One; K+S’ ability to complete and successfully integrate acquisitions; challenges to, or difficulties in maintaining, K+S Canada’s, K+S’, Potash One’s or the Partnership’s title to properties and continued ownership thereof; litigation; the actual results of current exploration activities, conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors; discrepancies between actual and estimated production, price volatility, increased competition in the potash and mining industries for properties, equipment, qualified personnel, and their costs and those factors that have been identified under the caption “Description Of Business — Risk Factors” in Potash One’s Annual Information Form filed with certain Canadian provincial securities regulatory authorities. Although Potash One has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Potash One does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances where any other events affecting such statements or information, other than as required by applicable laws. Investors are cautioned against attributing undue reliance on forward-looking information.