Changes to the Board of Directors and Senior Officers at Potash One

摘要

Following the acquisition of Potash One by K+S Canada Holdings Inc., a wholly-owned subsidiary of K+S Aktiengesellschaft, on 21 January 2011, all of the existing Directors and Senior Officers of Potash One resigned in accordance with the Support Agreement between Potash One and K+S Canada. In their place, Ms. Alexa Hergenrother, Head of Corporate Development of K+S AG, Mr. Luis E. Mendoza, Vice President of K+S North America, Mr. Ernst Andres, Managing Director of K+S KALI GmbH and Mr. Guy Leblanc, President of the Canadian Salt Company Limited, have been appointed to Potash One's Board of Directors. Ms. Hergenrother will serve as Potash One's new Chief Executive Officer and Mr. Mendoza will serve as Chief Financial Officer.