Source: K+S

K+S Aktiengesellschaft ("K+S") announced that K+S Canada Holdings Inc. ("K+S Canada"), an indirect wholly owned subsidiary of K+S, has been advised by Kingsdale Shareholder Services Inc. that 78,802,378 common shares of Potash One Inc. were deposited to K+S Canada's offer to acquire all of the issued and outstanding Potash One shares for CAD $4.50 in cash per Potash One share (representing approximately 81 percent of the Potash One shares issued and outstanding as of Jan. 18, 2011).

All of the conditions to the offer have been satisfied or waived and, accordingly, K+S Canada has taken up all Potash One shares deposited to the offer as of this date.

Following the take up and payment of Potash One Shares deposited to the offer to date, K+S Canada will own 78,802,378 Potash One Shares, representing approximately 81 percent of the Potash One shares. 

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