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2016-02-08

Yara International ASA: Organization and management changes at Yara

Oslo, 8 February 2016:
Yara International ASA announces organizational and management changes, to
improve strategic focus and execution.

"After spending recent months visiting numerous Yara sites, meeting employees
and conducting business and organizational reviews, I have concluded on the
key organizational changes needed to strengthen operational focus and improve
alignment behind our strategic direction," said Svein Tore Holsether,
President and Chief Executive Officer of Yara.
"It is clear to me that Yara's employees are dedicated and work hard every day
to deliver value to our customers, shareholders and society. I am confident
that the changes announced today will sharpen our strategic focus on
profitable growth and reinforcing our integrated business model," said
Holsether.

The following changes to Yara's organizational structure and corporate
management are effective immediately:

A new "Production" segment is established, comprising the former Upstream
segment and also Yara's mining activities, as these will increasingly be
focused on production going forward. This segment will focus on securing the
long-term competitiveness of Yara's production assets, and will be headed by
Petter Østbø, formerly head of Yara's Gas and Industrial Applications
business line. A strategic review of Yara's production base has already been
initiated. Gerd Löbbert will step down as Head of Upstream and leave the
company.

A new "Supply Chain" segment is established, comprising the former
Supply&Trade segment and also Yara's IT function, which has a critical role
in enabling efficient supply chain operations. This segment will focus on
strengthening Yara's long-term competitive edge in sourcing and logistical
operations, and will be headed by Tove Andersen, formerly head of Yara's
Supply Chain Europe unit.

Alvin Rosvoll, formerly head of Yara's Supply&Trade segment will take up the
newly established position as Senior VP for Partner Operations, with
responsibility for securing Yara's interests in its largest joint ventures.

The Downstream segment is re-named "Crop Nutrition", and will continue the
direction outlined in its recently developed strategy. The segment will
continue to be headed by Terje Knutsen.

Lair Hanzen, formerly head of Yara's Downstream unit in Brazil, will take up
the newly established position as Senior VP for Yara Brazil. Hanzen will be
responsible for the entire Yara portfolio in Brazil, including the Galvani
joint venture and all strategic projects in the country. Yara's segment
financial reporting is not affected.

Kristine Ryssdal, currently Vice President Legal in Statoil ASA, will take up
the position as Yara Chief Legal Officer, effective latest 31 May. Trygve
Faksvaag will step down as Chief Legal Officer once Ryssdal joins, but
continue working in Yara's Legal department.

A review of Yara's corporate functions is in progress, and Bente Slaatten has
consequently decided to step down as Chief Communication and Branding Officer
and leave the company.

The Communication and HR functions will report to CFO Torgeir Kvidal until
further notice, and Kaija Korolainen has decided to step down as Chief HR
Officer and leave the company.

"I am convinced that these changes will strengthen Yara going forward. At the
same time I want to thank my colleagues who are leaving the executive
management group, for their hard work and dedication to Yara," said Svein
Tore Holsether, President and Chief Executive Officer of Yara.
Contact
Thor Giæver, Investor Relations

Telephone: (+47) 24 15 72 95
Mobile: (+47) 48 07 53 56
E-mail:thor.giaver@yara.com
Esben Tuman, Media Relations

Telephone: (+47) 24 15 70 26
Mobile: (+47) 90 50 84 00
E-mail:esben.tuman@yara.com
Kristin Nordal,
Media Relations

Mobile: (+47) 90 01 55 50
E-mail:kristin.nordal@yara.com

About Yara
Yara's knowledge, products and solutions grow farmers', distributors' and
industrial customers' businesses profitably and responsibly, while nurturing
and protecting the earth's resources, food and environment.

Our fertilizers, crop nutrition programs and technologies increase yields,
improve product quality and reduce the environmental impact of agricultural
practices. Our industrial and environmental solutions improve air quality by
reducing emissions from industry and transportation, and serve as key
ingredients in the production of a wide range of goods. We foster a culture
that promotes the safety of our employees, contractors and societies.

Founded in 1905 to solve emerging famine in Europe, today, Yara has a
worldwide presence, with more than 12,000 employees and sales to more than
150 countries.

www.yara.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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