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2014-05-08

Yara and BASF: BASF and Yara plan to build ammonia plant in Freeport, Texas

Oslo (2014-05-08): BASF and Yara have made good progress with their plan to
jointly build a world-scale ammonia plant on the U.S. Gulf Coast. The
proposed plant would be located at the existing BASF site in Freeport, Texas,
have an annual capacity of 750,000 metric tons, and be based on a
hydrogen-synthesis process. Further details of the planned joint venture are
currently under discussion between the parties.

The project is subject to final approval from the respective boards of
directors of BASF and Yara.

BASF, which has a strong presence in the United States, is currently a major
user of ammonia for its U.S. downstream activities and intends to further
strengthen its backward integration. Yara, with its global ammonia network
and market expertise, seeks to strengthen its presence in the United States.

Contact:

Yara

Thor Giæver, Investor Relations

Telephone (+47) 24 15 72 95

Cellular (+47) 48 07 53 56
E-mailthor.giaver@yara.com

Esben Tuman, Media Relations

Cellular (+47) 90 50 84 00

E-mailesben.tuman@yara.com

BASF

Jennifer Moore-Braun, Corporate Media Relation

Telephone (+49) 621 60 99123

E-mailjennifer.moore-braun@basf.com
John Schmidt, U.S. Media Relations

Telephone (+1) 973 245-6405

E-mailjohn.schmidt@basf.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

About BASF

BASF is the world's leading chemical company: The Chemical Company. Its
portfolio ranges from chemicals, plastics, performance products and crop
protection products to oil and gas. We combine economic success with
environmental protection and social responsibility. Through science and
innovation, we enable our customers in nearly every industry to meet the
current and future needs of society. Our products and solutions contribute to
conserving resources, ensuring nutrition and improving quality of life. We
have summed up this contribution in our corporate purpose: We create
chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012
and more than 110,000 employees as of the end of the year. BASF shares are
traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich
(AN). Further information on BASF is available on the Internet at
www.basf.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Yara International ASA via Globenewswire

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