Yara accepts corporate penalty

Oslo (2014-01-15): The Board of Yara International ASA has informed the
Norwegian National Authority for Investigation and Prosecution of Economic and
Environmental Crime (Økokrim) that the company acknowledges guilt and accepts a
corporate fine and confiscation totalling NOK 295 million. This relates to
agreements dating back to 2007 and earlier.

- In April 2011 Yara International ASA launched an external investigation and
concurrently notified Økokrim of possible irregularities. The main findings of
the external investigation were published in June 2012.

- "This is a serious case. Both the company's external investigation and the
Økokrim investigation has uncovered unacceptable and disappointing behaviour. We
have throughout the process cooperated with Økokrim and given them access to all
material," said Jørgen Ole Haslestad, President and Chief Executive Officer of
Yara.

- "The incidents in question took place several years ago. We have since
invested considerably in our compliance processes, based on our clear zero
tolerance for corruption. Most importantly we have worked with culture and
attitudes to ensure that such incidents do not occur in the future," said Jørgen
Ole Haslestad.

The fine of NOK 270 million is related to historical irregularities linked to
the establishment of Lifeco (Libya), an unrealized project in India and Yara's
activities in Switzerland. In addition Økokrim has imposed a confiscation of NOK
25 million related to earlier phosphate deliveries.

- "Our acknowledgement of guilt and acceptance of a fine reflect that the
Økokrim findings are in line with those of our own investigation. The penalty is
severe, but we accept it," said Bernt Reitan, Chairman of the Board of Yara
International ASA.

Media are invited to a press conference in Bygdøy allé 2 at 10:00 CET. The press
conference will be held in Norwegian.


For information, please contact:

Media relations:
Esben Tuman
Telephone: (+47) 24 15 70 26
Cellular: (+47) 90 50 84 00
E-mail: esben.tuman@yara.com

Investor relations:
Thor Giæver
Telephone  (+47) 24 15 72 95
Cellular: (+47) 48 07 53 56
E-mail: thor.giaver@yara.com

About Yara
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
www.yara.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.




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Source: Yara International ASA via GlobeNewswire
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